Alpha-Tec Limited Accounts






Alpha-Tec Limited
	Company No. 01621410
		Information for Filing with The Registrar
		31 August 2017

The Director presents his report and the accounts for the year ended 31 August 2017.

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
15 March 2018

at	31 August 2017

Company No.		01621410	Notes	2017	2016
				£	£
Fixed assets

	Tangible assets		2	22,116	23,155

	Investments		3	30,350	30,350
				52,466	53,505
Current assets

	Debtors		4	856,812	824,392

	Cash at bank and in hand			3,106	6,193
				859,918	830,585
Creditors: Amount falling due within one year			5	(78,250)	(22,429)
Net current assets				781,668	808,156
Total assets less current liabilities				834,134	861,661
Creditors: Amounts falling due after more than one year			6	(1,246,908)	(1,273,022)



Net liabilities				(412,774)	(411,361)

Capital and reserves
	Called up share capital			101	101



	Profit and loss account		7	(412,875)	(411,462)

Total equity				(412,774)	(411,361)


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 2017 the company was entitled to exemption 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 15 March 2018

And signed on its behalf by:

K.J. Whitt
Director

for the year ended 31 August 2017

Accounting policies

Basis of preparation

The accounts have been prepared in accordance with FRS 102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard) and the Companies Act 2006 . There were no material departures from that standard.

The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets and in accordance with the accounting policies set out below.

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

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.

Foreign currencies

Transactions in currencies, other than the functional currency of the Company, are recorded at the rate of exchange on the date the transaction occurred. Monetary items denominated in other currencies are translated at the rate prevailing at the end of the reporting period. all differences are taken to the profit and loss account. Non-monetary items that are measured at historic cost in a foreign currency are not retranslated.

2	Tangible fixed assets
			Land and buildings	Plant and machinery	Total
			£	£	£
		Cost or revaluation
		At 1 September 2016	50,000	3,499	53,499




		At 31 August 2017	50,000	3,499	53,499
		Depreciation
		At 1 September 2016	27,000	3,344	30,344
		Charge for the year	1,000	39	1,039



		At 31 August 2017	28,000	3,383	31,383
		Net book values
		At 31 August 2017	22,000	116	22,116
		At 31 August 2016	23,000	155	23,155

3	Investments
			Investment in Subsidiaries	Total
			£	£
		Cost or valuation
		At 1 September 2016	30,350	30,350



		At 31 August 2017	30,350	30,350






		Net book values
		At 31 August 2017	30,350	30,350
		At 31 August 2016	30,350	30,350

4	Debtors
			2017	2016
			£	£
		Trade debtors	850,500	798,000

		Corporation tax recoverable	5,115	5,115

		VAT recoverable	1,197	1,827
		Loans to directors	-	19,450


			856,812	824,392

5	Creditors:
		amounts falling due within one year
			2017	2016
			£	£

		Bank loans and overdrafts	-	4,198


		Trade creditors	15,084	17,339


		Other taxes and social security	239	892
		Loans from directors	62,927	-


			78,250	22,429

6	Creditors:
		amounts falling due after more than one year
			2017	2016
			£	£

		Bank loans and overdrafts	-	33,994



		Amounts owed to group undertakings	1,246,908	1,239,028


			1,246,908	1,273,022

Reserves

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

Related party disclosures

2017

2016

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 2017 management charges from Alpha-Tec Ltd to Linesman Ltd amounted to £55,000 (2016 - £100,000)

Amount due from/(to) the related party

(1,239,028)

(1,140,288)

Controlling party

Immediate controlling party

K. J. Whitt

Contingent 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 (2016 - £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 (2016 - £30,000).

Additional information

Its registered number is:

01621410

Its registered office is:

The White House

2 Burlington Road

Sherwood

Nottingham

NG5 2GS