Alpha Claygate Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09361434 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2021

FOR

ALPHA CLAYGATE LTD

Page

Company Information

1

Report of the Accountants

2

Abridged Balance Sheet

3

Notes to the Financial Statements

5

DIRECTORS:

D R Partridge

Chameleon Henley Ltd

REGISTERED OFFICE:

144 Stanley Road

Teddington

Middlesex

TW11 8UA

REGISTERED NUMBER:

09361434 (England and Wales)

ACCOUNTANTS:

Accountancy Online Limited

6 Elsley Road

Tilehurst

Reading

RG31 6RN

TAX ADVISORS:

R S Porter & Co Limited

The Old Dairy

Ashton Hill Farm

Weston Road

Failand

Bristol

BS8 3US

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Abridged Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30 April 2021 set out on pages four to twelve and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Accountancy Online Limited

6 Elsley Road

Tilehurst

Reading

RG31 6RN

28 December 2021

FIXED ASSETS

Intangible assets

4

30,393

34,787

Tangible assets

5

21,304

28,406

51,697

63,193

CURRENT ASSETS

Stocks

6,850

4,744

Debtors

4,778

5,602

Cash at bank and in hand

26,459

9,125

38,087

19,471

CREDITORS

Amounts falling due within one year

(106,183

)

(64,995

)

NET CURRENT LIABILITIES

(68,096

)

(45,524

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(16,399

)

17,669

CREDITORS

Amounts falling due after more than one year

(98,408

)

(179,249

)

NET LIABILITIES

(114,807

)

(161,580

)

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

9

(114,907

)

(161,680

)

SHAREHOLDERS' FUNDS

(114,807

)

(161,580

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2021 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30 April 2021 in accordance with Section 444(2A) of the Companies Act 2006.

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 28 December 2021 and were signed on its behalf by:

Chameleon Henley Ltd - Director

1.	STATUTORY INFORMATION

Alpha Claygate Ltd 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.

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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Long leasehold

-

in accordance with the property

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Government grants

Any grants received as part of the Coronavirus Job Retention Scheme (CJRS), the Statutory Sick Pay

(SSP) rebate scheme, Small Business Grant Fund (SBGF) or the Retail, Hospitality and Leisure Grant Fund (RHLGF) are recognised on an accruals basis.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2020 - 5 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 May 2020

and 30 April 2021

62,250

AMORTISATION

At 1 May 2020

27,463

Amortisation for year

4,394

At 30 April 2021

31,857

NET BOOK VALUE

At 30 April 2021

30,393

At 30 April 2020

34,787

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 May 2020

and 30 April 2021

73,377

DEPRECIATION

At 1 May 2020

44,971

Charge for year

7,102

At 30 April 2021

52,073

NET BOOK VALUE

At 30 April 2021

21,304

At 30 April 2020

28,406

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals

£

COST

At 1 May 2020

and 30 April 2021

26,318

DEPRECIATION

At 1 May 2020

18,323

Charge for year

2,167

At 30 April 2021

20,490

NET BOOK VALUE

At 30 April 2021

5,828

At 30 April 2020

7,995

6.

LOANS

An analysis of the maturity of loans is given below:

2021

2020

£

£

Amounts falling due within one year or on demand:

Bank loans

9,720

9,670

Amounts falling due between one and two years:

Bank loans - 1-2 years

69,440

19,341

Amounts falling due between two and five years:

Bank loans - 2-5 years

9,080

12,799

7.	SECURED DEBTS

The following secured debts are included within creditors:

2021

2020

£

£

Bank loans

88,240

41,810

Lloyds Bank PLC has a fixed and floating charge over the business.

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2021

2020

value:

£

£

100

Ordinary

£1

100

100

9.

RESERVES

Retained

earnings

£

At 1 May 2020

(161,680

)

Profit for the year

46,773

At 30 April 2021

(114,907

)

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date the company owed D R Partridge £Nil (2020: £5,221). The company owed Chameleon Henley £19,888 (2020: £141,888). These loans were interest free and without repayment terms.

11.	RELATED PARTY DISCLOSURES

12.	ULTIMATE CONTROLLING PARTY