General Information
Alpha Machine Knife Company Limited is a private company, limited by shares, registered in England and Wales, registration number 07481506, registration address Unit 47 & 48 Waddington Way, Aldwarke, Rotherham, S65 3SH.
The presentation currency is £ sterling.
| 1. |
Accounting policies
Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Going concern basis
The financial statements have been prepared on the going concern basis.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Licences and patents
Intangible assets are initially measured at cost and are subsequently measured at cost less
any accumulated amortisation and accumulated impairment losses or at a revalued amount.
However, Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights,
are separable, the expected future economic benefits are probable and the cost or value
can be measured reliably. Any intangible assets carried at a revalued amount are recorded
at the fair value at the date of revaluation, as determined by reference to an active market,
less any subsequent accumulated amortisation 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 capital and reserves.
However, the increase is recognised in profit or loss to the extent that 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 capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and machinery 15% Reducing Balance
Fixtures and fittings 15% Reducing Balance
Computer equipment 33% Straight line
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
|
| 2. |
Average number of employees
Average number of employees during the year was 27 (2025 : 24).
|
| 3. |
Intangible fixed assets
| Cost |
Other |
|
Total |
| |
£ |
|
£ |
| At 01 February 2025 |
37,517 |
|
37,517 |
| Additions |
- |
|
- |
| Disposals |
- |
|
- |
| At 31 January 2026 |
37,517 |
|
37,517 |
| Amortisation |
| At 01 February 2025 |
6,619 |
|
6,619 |
| Charge for year |
3,751 |
|
3,751 |
| On disposals |
- |
|
- |
| At 31 January 2026 |
10,370 |
|
10,370 |
| Net book values |
| At 31 January 2026 |
27,147 |
|
27,147 |
| At 31 January 2025 |
30,898 |
|
30,898 |
|
| 4. |
Tangible fixed assets
| Cost or valuation |
Plant and Machinery |
|
Fixtures and Fittings |
|
Computer Equipment |
|
Total |
| |
£ |
|
£ |
|
£ |
|
£ |
| At 01 February 2025 |
2,087,144 |
|
2,076 |
|
63,213 |
|
2,152,433 |
| Additions |
783,730 |
|
- |
|
29,500 |
|
813,230 |
| Disposals |
(339,000) |
|
- |
|
- |
|
(339,000) |
| At 31 January 2026 |
2,531,874 |
|
2,076 |
|
92,713 |
|
2,626,663 |
| Depreciation |
| At 01 February 2025 |
1,012,569 |
|
1,772 |
|
5,494 |
|
1,019,835 |
| Charge for year |
184,205 |
|
46 |
|
977 |
|
185,228 |
| On disposals |
(292,283) |
|
- |
|
- |
|
(292,283) |
| At 31 January 2026 |
904,491 |
|
1,818 |
|
6,471 |
|
912,780 |
| Net book values |
| Closing balance as at 31 January 2026 |
1,627,383 |
|
258 |
|
86,242 |
|
1,713,883 |
| Opening balance as at 01 February 2025 |
1,074,575 |
|
304 |
|
57,719 |
|
1,132,598 |
|
| 5. |
Stocks
|
2026
£ |
|
2025
£ |
| Work in Progress |
433,803 |
|
441,045 |
|
433,803 |
|
441,045 |
|
| 6. |
Debtors: amounts falling due within one year
|
2026
£ |
|
2025
£ |
| Trade Debtors |
1,570,809 |
|
994,750 |
| Other Debtors |
143,454 |
|
194,597 |
|
1,714,263 |
|
1,189,347 |
|
| 7. |
Creditors: amount falling due within one year
|
2026
£ |
|
2025
£ |
| Trade Creditors |
246,742 |
|
319,326 |
| Corporation Tax |
182,155 |
|
352,725 |
| PAYE & Social Security |
33,553 |
|
29,211 |
| Other Creditors |
347,513 |
|
255,235 |
|
809,963 |
|
956,497 |
|
| 8. |
Creditors: amount falling due after more than one year
|
2026
£ |
|
2025
£ |
| Obligations Under HP/Financial Leases |
550,639 |
|
264,371 |
|
550,639 |
|
264,371 |
|
| 9. |
Provisions for liabilities
|
2026
£ |
|
2025
£ |
| Deferred Tax |
423,930 |
|
277,613 |
|
423,930 |
|
277,613 |
|
| 10. |
Capital Redemption Reserve
|
2026
£ |
|
2025
£ |
| Capital Redemption Reserve b/fwd |
101 |
|
101 |
|
101 |
|
101 |
|
4
|