REGISTERED NUMBER: 09770504 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

ALPHA AIR FABRICATIONS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs L Herbert

Mr M R Herbert

Mrs K J Price

Mr D C Price

REGISTERED OFFICE:

75 Waterside Road

Hamilton

Leicester

Leicestershire

LE5 1TL

REGISTERED NUMBER:

09770504 (England and Wales)

FIXED ASSETS

Tangible assets

4

333,108

94,448

CURRENT ASSETS

Stocks

5

5,500

5,500

Debtors

6

989,349

1,188,565

Cash at bank

968,804

1,485,998

1,963,653

2,680,063

CREDITORS

Amounts falling due within one year

7

566,693

1,378,593

NET CURRENT ASSETS

1,396,960

1,301,470

TOTAL ASSETS LESS CURRENT LIABILITIES

1,730,068

1,395,918

CREDITORS

Amounts falling due after more than one year

8

(256,886

)

(129,963

)

PROVISIONS FOR LIABILITIES

(30,903

)

(23,612

)

NET ASSETS

1,442,279

1,242,343

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

1,442,278

1,242,342

1,442,279

1,242,343

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 September 2025 and were signed on its behalf by:

Mr D C Price - Director

Mr M R Herbert - Director

1.	STATUTORY INFORMATION

Alpha Air Fabrications Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue comprises the fair value for the sale of goods excluding value added taxes and represents net invoice value less estimated rebates, returns and settlement discounts. In all cases revenue is recognised when the risks and rewards of ownership are transferred and this is defined to be on receipt of the goods.

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery - 15% on reducing balance

Fixtures and fittings - 20% on reducing balance

Motor vehicles - 25% on cost

Computer equipment - over 4 years

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Government grants

Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received.

Government grants are recognised using the accrual model.

Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable.

Creditors

Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 10 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 January 2024

89,346

4,327

146,968

40,998

281,639

Additions

13,679

2,598

322,385

5,700

344,362

Disposals

-

-

(53,970

)

-

(53,970

)

At 31 December 2024

103,025

6,925

415,383

46,698

572,031

DEPRECIATION

At 1 January 2024

47,892

3,542

116,535

19,222

187,191

Charge for year

6,616

590

75,367

4,015

86,588

Eliminated on disposal

-

-

(34,856

)

-

(34,856

)

At 31 December 2024

54,508

4,132

157,046

23,237

238,923

NET BOOK VALUE

At 31 December 2024

48,517

2,793

258,337

23,461

333,108

At 31 December 2023

41,454

785

30,433

21,776

94,448

5.

STOCKS

2024

2023

£

£

Stocks

5,500

5,500

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

820,080

1,025,207

Amounts owed by group undertakings

148,855

114,938

Other debtors

20,414

48,420

989,349

1,188,565

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

67,500

55,000

Hire purchase contracts

36,071

4,951

Trade creditors

254,720

1,050,106

Taxation and social security

94,360

196,213

Other creditors

114,042

72,323

566,693

1,378,593

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

37,500

100,313

Hire purchase contracts

219,386

29,650

256,886

129,963

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more than 5 years

by instalment

7,083

-

7,083

-

9.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Hire purchase due < 1 year

36,071

4,951

Hire purchase due > 1 year

219,386

29,650

255,457

34,601

Hire purchase contracts are secured upon the assets to which they relate.

10.	ULTIMATE CONTROLLING PARTY

The ultimate parent undertaking of the company is Alphacoast Limited. The registered office and principal place of business of Alphacoast Limited is 75 Waterside Road, Hamilton, Leicester, Leicestershire, LE5 1TL.

The company is the subsidiary undertaking of a small group and as such is not required by the Companies Act 2006 to prepare group accounts.