Company Registration No. 09849531 (England and Wales)
Alternatech Limited
Unaudited accounts
for the year ended 31 December 2024
Alternatech Limited
Unaudited accounts
Contents
Alternatech Limited
Company Information
for the year ended 31 December 2024
Directors
Mr D S King
Mr B A Simpson
LIMA Group Limited
Company Number
09849531 (England and Wales)
Registered Office
Sutton Scotney Mot & Repair Centre
Bullington Lane
Winchester
Hampshire
SO21 3LA
England
Alternatech Limited
Statement of financial position
as at 31 December 2024
Inventories
55,584
116,343
Cash at bank and in hand
11,697
46,364
Creditors: amounts falling due within one year
(427,128)
(601,339)
Net current liabilities
(347,211)
(420,415)
Net liabilities
(347,211)
(420,415)
Called up share capital
100
100
Profit and loss account
(347,311)
(420,515)
Shareholders' funds
(347,211)
(420,415)
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
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 S King
Director
Company Registration No. 09849531
Alternatech Limited
Notes to the Accounts
for the year ended 31 December 2024
Alternatech Limited is a private company, limited by shares, registered in England and Wales, registration number 09849531. The registered office is Sutton Scotney Mot & Repair Centre, Bullington Lane, Winchester, Hampshire, SO21 3LA, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. cost is based on the cost of purchase on a first in first out basis. Work in progress and finished foods include labour and attributable overheads.
At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price, less costs to complete and sell. The impairment loss is recognised immediately in the profit and loss.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
In the research phase of an internal project it is nor possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research shall be recognised as an expense when it is incurred. Intangible assets are recognised from the developments phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised on a straight line basis over their useful economic lives, which range from 3 to 5 years.
If it is not possible to distinguish between the research phase and the development phase of an internal project, the expenditure is treated as if it were all incurred in the research phase only.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss.
Alternatech Limited
Notes to the Accounts
for the year ended 31 December 2024
Judgements in applying accounting policies and key sources of estimation uncertainty
The preparation of financial statements in compliance with FRS 102 Section 1A requires the use of certain critical accounting estimates. it also requires management to exercise judgement in applying the Company's accounting policies. In preparing these financial statements, the directors have made the following judgements:
Determine whether there are indicators of impairment of the Company's inventories. Factors taken into consideration in reaching such a decision include the economic viability and expected future financial performance of the asset and where it is a component of a larger cash-generating unit, the viability and expected future performance of that unit.
Amounts falling due within one year
Trade debtors
12,636
18,217
5
Creditors: amounts falling due within one year
2024
2023
Trade creditors
36,935
50,764
Amounts owed to group undertakings and other participating interests
330,521
391,371
Other creditors
55,195
131,695
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Transactions with related parties
The company has taken advantage of the exemption available in Section 33.1A of FRS 102 not to disclose transactions with the ultimate parent company or any wholly owned subsidiary undertaking of the group.
The immediate parent and controlling party of the company is Lima Group Limited, a company registered in England and Wales. Its registered office address is the same as that of this company, which is shown on the company information page.
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Average number of employees
During the year the average number of employees was 2 (2023: 2).