Alpha Specialist Roofing Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08221780 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2020

for

Alpha Specialist Roofing Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M Baldock

Mrs Z C Bowyer

REGISTERED OFFICE:

Unit E4 St George'S Business Park

Castle Road

Sittingbourne

Kent

ME10 3TB

REGISTERED NUMBER:

08221780 (England and Wales)

ACCOUNTANTS:

AJ Accounting Services

58 Park Road

Sittingbourne

Kent

ME10 1DY

FIXED ASSETS

Tangible assets

4

62,841

12,952

CURRENT ASSETS

Stocks

119,500

42,000

Debtors

5

216,513

237,597

Cash at bank

148,651

100,264

484,664

379,861

CREDITORS

Amounts falling due within one year

6

410,220

320,307

NET CURRENT ASSETS

74,444

59,554

TOTAL ASSETS LESS CURRENT LIABILITIES

137,285

72,506

CREDITORS

Amounts falling due after more than one year

7

62,076

7,538

NET ASSETS

75,209

64,968

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

75,109

64,868

75,209

64,968

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2020 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.

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 21 September 2021 and were signed on its behalf by:

M Baldock - Director

1.	STATUTORY INFORMATION

Alpha Specialist Roofing 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance and 15% on reducing balance

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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

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 6 (2019 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2020

25,932

Additions

70,777

At 31 December 2020

96,709

DEPRECIATION

At 1 January 2020

12,980

Charge for year

20,888

At 31 December 2020

33,868

NET BOOK VALUE

At 31 December 2020

62,841

At 31 December 2019

12,952

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.20

31.12.19

£

£

Trade debtors

216,513

237,597

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.20

31.12.19

£

£

Hire purchase contracts

2,660

-

Trade creditors

97,894

149,337

Taxation and social security

41,546

26,597

Other creditors

268,120

144,373

410,220

320,307

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.20

31.12.19

£

£

Bank loans

50,000

-

Hire purchase contracts

12,076

7,538

62,076

7,538

8.	RELATED PARTY DISCLOSURES

9.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is M Baldock.