Alphagen Systems Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 15719933

Alphagen Systems Limited

Filleted Unaudited Financial Statements

30 June 2025

Alphagen Systems Limited

Statement of Financial Position

30 June 2025

	2025
Note	£

Fixed assets

Tangible assets	5	33,056

Current assets

Stocks		1,609
Debtors	6	915,503
Cash at bank and in hand		13,711
		---------
		930,823

Creditors: amounts falling due within one year	7	29,428
		---------
Net current assets		901,395
		---------
Total assets less current liabilities		934,451
		---------
Net assets		934,451
		---------

Capital and reserves

Called up share capital	8	1,500,100
Profit and loss account		( 565,649)
		------------
Shareholders funds		934,451
		------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

For the year ending 30 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Alphagen Systems Limited

Statement of Financial Position (continued)

30 June 2025

These financial statements were approved by the board of directors and authorised for issue on 10 December 2025 , and are signed on behalf of the board by:

Mr J C Pearson

Director

Company registration number: 15719933

Alphagen Systems Limited

Notes to the Financial Statements

Year ended 30 June 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 1 Dunston Place, Dunston Road, Chesterfield, S41 8NL.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

The directors consider it appropriate to prepare the accounts on a going concern basis due to the support given to the company by its shareholders, and the plans it has in place to improve its trading position in the forthcoming months.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant and machinery	-	25% reducing balance
Fixtures and fittings	-	25% straight line
Motor vehicles	-	25% reducing balance
Equipment	-	25% straight line

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Financial instruments

The following assets and liabilities within the accounts are classified as financial instruments - trade debtors, trade creditors and directors loans. Directors loans (being repayable upon demand), trade debtors and trade creditors, are measured at the undiscounted amount of cash or other consideration expected to be paid or received. Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If such evidence is found, an impairment loss is recognised in the statement of Income and Retained Earnings.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 6 .

5. Tangible assets

	Plant and machinery	Fixtures and fittings	Motor vehicles	Equipment	Total
	£	£	£	£	£
Cost
At 1 July 2024	–	–	–	–	–
Additions	6,112	5,778	18,251	13,934	44,075
	-------	-------	--------	--------	--------
At 30 June 2025	6,112	5,778	18,251	13,934	44,075
	-------	-------	--------	--------	--------
Depreciation
At 1 July 2024	–	–	–	–	–
Charge for the year	1,528	1,444	4,563	3,484	11,019
	-------	-------	--------	--------	--------
At 30 June 2025	1,528	1,444	4,563	3,484	11,019
	-------	-------	--------	--------	--------
Carrying amount
At 30 June 2025	4,584	4,334	13,688	10,450	33,056
	-------	-------	--------	--------	--------

6. Debtors

	2025
	£
Trade debtors	4,800
Other debtors	910,703
	---------
	915,503
	---------

7. Creditors: amounts falling due within one year

	2025
	£
Trade creditors	10,959
Social security and other taxes	11,263
Other creditors	7,206
	--------
	29,428
	--------

8. Called up share capital

Authorised share capital

	2025
	No.	£
Ordinary shares of £ 1 each	100	100
Preference B shares shares of £ 1 each	1,500,000	1,500,000
	------------	------------
	1,500,100	1,500,100
	------------	------------

Issued, called up and fully paid

	2025
	No.	£
Ordinary shares of £ 1 each	100	100
Preference B shares shares of £ 1 each	1,500,000	1,500,000
	------------	------------
	1,500,100	1,500,100
	------------	------------

In the period the company allotted and issued £1,500,000 worth of paid up £1 B Preference shares.

9. Controlling party

The ultimate parent company is Alphagen Limited (Company Number 14942715), which owns 100% of the ordinary shares in Alphagen Systems Limited . The registered office of the ultimate parent company is 1 Dunston Place, Dunston Road, Chesterfield,S41 8NL.