Alps Developments Midlands Limited - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 08627937 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2017

FOR

ALPS DEVELOPMENTS MIDLANDS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Report of the Accountants

7

DIRECTORS:

P Timmins

S A Thacker

REGISTERED OFFICE:

Unit 2

Landywood Lane

Cheslyn Hay

Walsall

West Midlands

WS6 7AL

REGISTERED NUMBER:

08627937 (England and Wales)

ACCOUNTANTS:

Bytheway & Co Accountants Ltd

Heame House

23 Bilston Street

Sedgley

Dudley

West Midlands

DY3 1JA

FIXED ASSETS

Tangible assets

4

66,476

71,549

CURRENT ASSETS

Stocks

1,937,669

344,385

Debtors

5

226,926

9,164

Prepayments and accrued income

5,039

2,064

Cash at bank and in hand

35,539

327,030

2,205,173

682,643

CREDITORS

Amounts falling due within one year

6

1,717,463

286,039

NET CURRENT ASSETS

487,710

396,604

TOTAL ASSETS LESS CURRENT LIABILITIES

554,186

468,153

CREDITORS

Amounts falling due after more than one year

7

30,041

43,305

NET ASSETS

524,145

424,848

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

8

524,045

424,748

SHAREHOLDERS' FUNDS

524,145

424,848

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2017 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 25 April 2018 and were signed on its behalf by:

P Timmins - Director

S A Thacker - Director

1.	STATUTORY INFORMATION

Alps Developments Midlands Limited 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

20% 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

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.

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 2 .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 August 2016

100,903

Additions

11,546

At 31 July 2017

112,449

DEPRECIATION

At 1 August 2016

29,354

Charge for year

16,619

At 31 July 2017

45,973

NET BOOK VALUE

At 31 July 2017

66,476

At 31 July 2016

71,549

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

Plant and

machinery

etc

£

COST

At 1 August 2016

and 31 July 2017

80,228

DEPRECIATION

At 1 August 2016

25,090

Charge for year

11,027

At 31 July 2017

36,117

NET BOOK VALUE

At 31 July 2017

44,111

At 31 July 2016

55,138

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/7/17

31/7/16

£

£

Trade debtors

200,280

-

Other debtors

26,646

9,164

226,926

9,164

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/7/17

31/7/16

£

£

Bank loans and overdrafts

1,229,696

-

Hire purchase contracts

13,264

13,264

Trade creditors

259,742

78,449

Taxation and social security

26,416

94,304

Other creditors

188,345

100,022

1,717,463

286,039

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/7/17

31/7/16

£

£

Hire purchase contracts

30,041

43,305

8.

RESERVES

Retained

earnings

£

At 1 August 2016

424,748

Profit for the year

99,297

At 31 July 2017

524,045

9.	RELATED PARTY DISCLOSURES

During the year for the following transactions occured:-

The company was supplied with materials and labour totalling £299,716 (2016: £173,316) by S Thacker

Plastering Contractors Limited a company in which Mr S Thacker has a controlling interest.

Management and consultancy charges of £Nil (2016: £22,500) were also paid to Mr P Timmins in an individual

capacity.

Maintenance charges of £3,000 (2016: £Nil) were charged to Sedgley Homes Limited. This company is owned

equally by Mr P Timmins and Mr S Thacker.

Any other costs incurred on behalf of the company were included within their directors loan accounts. At 31 July

2017, the combined balance on these accounts was £171,937 (2016: £100,022).

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 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 31 July 2017 set out on pages nil to nil 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.

Bytheway & Co Accountants Ltd

Heame House

23 Bilston Street

Sedgley

Dudley

West Midlands

DY3 1JA

25 April 2018