Alphatec Software Limited - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: SC164246 (Scotland)

Report of the Directors and

Financial Statements

for the Year Ended 31 December 2017

for

Alphatec Software Limited

Page

Company Information

1

Report of the Directors

2

Balance Sheet

3

Notes to the Financial Statements

4

Chartered Accountant's Report

7

DIRECTORS:

David Grier

Brian Boyce

Simon Davies

SECRETARY:

David Grier

REGISTERED OFFICE:

Eastcroft House

Woodhall Road

Wishaw

Lanarkshire

ML 8PY

REGISTERED NUMBER:

SC164246 (Scotland)

ACCOUNTANT:

Thomas A Moran C.A.

25 Acacia Drive

Paisley

Renfrewshire

PA2 9LS

The directors present their report with the financial statements of the company for the year ended 31 December 2017.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 January 2017 to the date of this

report.

David Grier

Brian Boyce

Simon Davies

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small

companies.

ON BEHALF OF THE BOARD:

David Grier - Secretary

26 February 2018

FIXED ASSETS

Intangible assets

4

37,800

44,100

Tangible assets

5

42,641

51,473

80,441

95,573

CURRENT ASSETS

Work in progress

78,750

98,500

Debtors

6

855,921

817,705

Cash at bank and in hand

47,995

5,977

982,666

922,182

CREDITORS

Amounts falling due within one year

7

252,872

224,673

NET CURRENT ASSETS

729,794

697,509

TOTAL ASSETS LESS CURRENT LIABILITIES

810,235

793,082

CAPITAL AND RESERVES

Called up share capital

188

188

Retained earnings

810,047

792,894

SHAREHOLDERS' FUNDS

810,235

793,082

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 26 February 2018 and were signed on its behalf by:

David Grier - Director

1.	STATUTORY INFORMATION

Alphatec Software Limited is a private company, limited by shares , registered in Scotland. 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 represents the value of sales and services provided to customers exclusive of value added tax.

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.

Research and development expenses are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets

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

Short leasehold

-

over the life of the lease

Fixtures and fittings

-

25% on cost

Computer equipment

-

25% on cost

Work in progress

Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2016 - 9 ) .

4.	RESEARCH AND DEVELOPMENT

Research

and

development

expenses

£

COST

At 1 January 2017

and 31 December 2017

63,000

AMORTISATION

At 1 January 2017

18,900

Amortisation for year

6,300

At 31 December 2017

25,200

NET BOOK VALUE

At 31 December 2017

37,800

At 31 December 2016

44,100

5.	TANGIBLE FIXED ASSETS

Fixtures

Short

and

Computer

leasehold

fittings

equipment

Totals

£

£

£

£

COST

At 1 January 2017

125,629

23,710

25,849

175,188

Additions

-

-

2,235

2,235

At 31 December 2017

125,629

23,710

28,084

177,423

DEPRECIATION

At 1 January 2017

81,658

23,710

18,347

123,715

Charge for year

8,376

-

2,691

11,067

At 31 December 2017

90,034

23,710

21,038

134,782

NET BOOK VALUE

At 31 December 2017

35,595

-

7,046

42,641

At 31 December 2016

43,971

-

7,502

51,473

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.17

31.12.16

£

£

Trade debtors

66,547

58,206

Amounts owed by group undertakings

770,000

742,500

Other debtors

19,374

16,999

855,921

817,705

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.17

31.12.16

£

£

Trade creditors

15,553

17,290

Taxation and social security

37,677

39,397

Other creditors

199,642

167,986

252,872

224,673

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.

In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the financial

statements of Alphatec Software Limited for the year ended 31 December 2017 which comprise the Income Statement,

Balance Sheet and the related notes from the company's accounting records and from information and explanations you

have given me.

As a practising member of ICAS, I am subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.

This report is made solely to the Board of Directors of Alphatec Software Limited, as a body, in accordance with my terms of engagement. My work has been undertaken solely to prepare for your approval the financial statements of Alphatec Software Limited and state those matters that I have agreed to state to the Board of Directors of Alphatec Software Limited, as a body, in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for my work or for this report.

It is your duty to ensure that Alphatec Software Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Alphatec Software Limited. You consider that Alphatec Software Limited is exempt from the statutory audit requirement for the year.

I have not been instructed to carry out an audit or a review of the financial statements of Alphatec Software Limited. For this reason, I have not verified the accuracy or completeness of the accounting records or information and explanations you have given to me and I do not, therefore, express any opinion on the statutory financial statements.

Thomas A Moran C.A.

25 Acacia Drive

Paisley

Renfrewshire

PA2 9LS

26 February 2018