Alpha-Tec Limited Accounts






Alpha-Tec Limited

	Company No. 01621410
		Information for Filing with The Registrar
		31 August 2019

The Director presents his report and the accounts for the year ended 31 August 2019.

Principal activities
The principal activity of the company during the year under review was export consultancy.




Director

The Director who served at any time during the year was as follows:

K.J. Whitt





































































The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.

Signed on behalf of the board

K.J. Whitt
Director
31 August 2019

at	31 August 2019
Company No.		01621410	Notes	2019	2018
				£	£
Fixed assets

	Tangible assets		4	20,065	21,087

	Investments		5	30,350	30,350
				50,415	51,437
Current assets

	Debtors		6	-	888,669

	Cash at bank and in hand			52	3,240
				52	891,909
Creditors: Amount falling due within one year			7	(87,166)	(85,597)
Net current (liabilities)/assets				(87,114)	806,312
Total assets less current liabilities				(36,699)	857,749
Creditors: Amounts falling due after more than one year			8	(365,627)	(1,265,515)



Net liabilities				(402,326)	(407,766)

Capital and reserves
	Called up share capital			101	101



	Profit and loss account		9	(402,427)	(407,867)

Total equity				(402,326)	(407,766)



These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.

For the year ended 31 August 2019 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.



As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.

Approved by the board on 31 August 2019
And signed on its behalf by:
K.J. Whitt
Director
31 August 2019

for the year ended 31 August 2019

General information

Its registered number is: 01621410

Its registered office is:

The White House

2 Burlington Road

Sherwood

Nottingham

NG5 2GS

The functional and presentational currency of the company is Sterling. The accounts are rounded to the nearest pound.

The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland (March 2018) and the Companies Act 2006. The March 2018 edition of FRS 102 includes amendments arising from the Financial Reporting Council's triennial review of the standard. There is no material effect on the amounts recognised in these financial statements as a result of early adopting these amendments.

Accounting policies

Turnover

Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Revenue from the sale of goods is recognised when all the following conditions are satisfied:
• the Company has transferred to the buyer the significant risks and rewards of ownership of the
goods;
• the Company retains neither continuing managerial involvement to the degree usually associated
with ownership nor effective control over the goods sold;
• the amount of revenue can be measured reliably;
• it is probable that the economic benefits associated with the transaction will flow to the Company;
and
• the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.

Tangible fixed assets and depreciation

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.

Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:

Leasehold land and buildings

2% on cost

Plant and machinery

25% written down value

Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

Investments

Unlisted investments are recognised initially at fair value less attributable transaction costs. Subsequent to initial recognition, any changes in fair value are recognised in profit and loss.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.

Trade and other creditors

Short term 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.

Provisions

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the profit and loss account in the year that the Company becomes aware of the obligation, and are measured at the best estimate at balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in the balance sheet.

3	Employees
			2019	2018
			Number	Number
		The average number of persons employed during the year :	2	2

4	Tangible fixed assets
			Land and buildings	Plant and machinery	Total
			£	£	£
		Cost or revaluation
		At 1 September 2018	50,000	3,499	53,499




		At 31 August 2019	50,000	3,499	53,499
		Depreciation
		At 1 September 2018	29,000	3,412	32,412
		Charge for the year	1,000	22	1,022



		At 31 August 2019	30,000	3,434	33,434
		Net book values
		At 31 August 2019	20,000	65	20,065
		At 31 August 2018	21,000	87	21,087

5	Investments
			Investment in Subsidiaries	Total
			£	£
		Cost or valuation
		At 1 September 2018	30,350	30,350



		At 31 August 2019	30,350	30,350
		Provisions/Impairment





		Net book values
		At 31 August 2019	30,350	30,350
		At 31 August 2018	30,350	30,350

6	Debtors
			2019	2018
			£	£
		Trade debtors	-	888,000



		VAT recoverable	-	669



			-	888,669

7	Creditors:
		amounts falling due within one year
			2019	2018
			£	£

		Bank loans and overdrafts	1,823	-


		Trade creditors	12,000	12,480

		Corporation tax	-	1
		Other taxes and social security	-	263
		Loans from directors	73,343	72,853


			87,166	85,597

8	Creditors:
		amounts falling due after more than one year
			2019	2018
			£	£





		Amounts owed to group undertakings	365,627	1,265,515


			365,627	1,265,515

Reserves

Profit and loss account - includes all current and prior period retained profits and losses.

Contingent Assets/Liabilities

The company has a contingent liability in respect of consideration for the shares in Linesman Limited. An amount is due to be paid on or after the 30 June 1997 equal to the aggregate amount of Licence fees due as and when they become payable. The total amount payable is uncertain but it will not exceed £15,000. The amount guaranteed is £nil (2017 - £nil). The company has given a guarantee in respect of the bank borrowings of its subsidiary company Linesman Limited. The amount guaranteed is £30,000 (2017 - £30,000).

11	Related party disclosures
				2019	2018
		Transactions with related parties		£	£

		Name of related party	Linesman Limited
		Description of relationship between the parties	Company owned by the directors
		Description of transaction and general amounts involved	During the year ended 31 August 2018 management charges from Alpha-Tec Ltd to Linesman Ltd amounted to £40,000 (2017 - £55,000)
		Amount due from/(to) the related party		(365,627)	(1,265,515)