Registration number:
Alpine Group (1974) Limited
Unaudited Filleted Accounts
for the Period from 1 September 2018 to 31 December 2018
Aldwych House
Winchester Street
Andover
SP10 2EA
Alpine Group (1974) Limited
Contents
Balance Sheet |
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Notes to the Financial Statements |
Alpine Group (1974) Limited
(Registration number: 06566511)
Balance Sheet as at 31 December 2018
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31st December |
31st August |
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Fixed assets |
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Intangible assets |
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Tangible assets |
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Current assets |
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Stocks |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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( |
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Net current assets |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
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Provisions for liabilities |
( |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Share premium reserve |
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Non-distributable reserve |
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Profit and loss account |
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( |
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Total equity |
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Page 1 |
Alpine Group (1974) Limited
(Registration number: 06566511)
Balance Sheet as at 31 December 2018
For the financial period ending 31 December 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006. The option not to file the Profit and Loss Account has been taken.
Approved and authorised by the
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Page 2 |
Alpine Group (1974) Limited
Notes to the Financial Statements for the Period from 1 September 2018 to 31 December 2018
General information |
The company is a private company limited by share capital, incorporated in England. The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.
The address of its registered office is:
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Group accounts not prepared
Disclosure of long or short period
Income recognition
Income is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
Deferred tax
The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Deferred taxation is provided on the liability method to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes. Tax deferred or accelerated is accounted for in respect of all material timing differences.
Tangible assets
No depreciation is provided in respect of Freehold Property. The Freehold Property is revalued annually and the surplus or deficit is transfered to the revaluation reserve unless the deficit is below the original cost on its reversal. If the Freehold Property deficit is expected to be permanent it is recognised in the Profit and Loss Account in the year of the valuation.
Other tangible fixed assets are included at cost less depreciation and impairment.
Depreciation
Depreciation has been computed to write off the cost of tangible fixed assets over their useful lives as follows:
Page 3 |
Alpine Group (1974) Limited
Notes to the Financial Statements for the Period from 1 September 2018 to 31 December 2018
2 |
Accounting policies (continued) |
Asset class |
Depreciation method and rate |
Plant & Machinery |
20% Straight Line |
Motor Vehicles |
25% Straight Line |
Office Equipment |
20% Straight Line |
Goodwill
Goodwill is capitalised and amortised over its useful life.
Amortisation
Amortisation has been computed to write off the cost of intangible fixed assets over their expected useful lives as follows:
Asset class |
Amortisation method and rate |
Goodwill |
5 years |
Stocks
Stocks have been valued at the lower of cost and estimated selling price less costs to sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacture/completion.
Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
Leases
Rentals payable under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.
Property, plant and equipment acquired under finance leases or hire purchase contracts are capitalised and depreciated in the same manner as other tangible fixed assets. The related obligations, net of future finance charges, are included in creditors.
Defined contribution pension obligation
The company operates a defined contribution scheme for the benefit of its employees. Contributions are recognised in profit and loss account when due.
Financial instruments
Page 4 |
Alpine Group (1974) Limited
Notes to the Financial Statements for the Period from 1 September 2018 to 31 December 2018
Staff numbers |
The average number of persons employed by the company, including directors, during the period was
Page 5 |
Alpine Group (1974) Limited
Notes to the Financial Statements for the Period from 1 September 2018 to 31 December 2018
Intangible assets |
Goodwill |
Total |
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Cost or valuation |
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At 1 September and 31 December 2018 |
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Amortisation |
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At 1 September and 31 December 2018 |
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Carrying amount |
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At 31 December 2018 |
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At 31 August 2018 |
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Tangible assets |
Land and buildings |
Furniture, fittings and equipment |
Motor vehicles |
Plant and machinery |
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Cost or valuation |
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At 1 September 2018 |
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Additions |
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- |
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Disposals |
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( |
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At 31 December 2018 |
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Depreciation |
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At 1 September 2018 |
- |
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Charge for the period |
- |
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Eliminated on disposal |
- |
- |
- |
( |
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At 31 December 2018 |
- |
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Carrying amount |
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At 31 December 2018 |
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At 31 August 2018 |
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Page 6 |
Alpine Group (1974) Limited
Notes to the Financial Statements for the Period from 1 September 2018 to 31 December 2018
5 |
Tangible assets (continued) |
Total |
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Cost or valuation |
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At 1 September 2018 |
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Additions |
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Disposals |
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At 31 December 2018 |
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Depreciation |
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At 1 September 2018 |
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Charge for the period |
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Eliminated on disposal |
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At 31 December 2018 |
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Carrying amount |
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At 31 December 2018 |
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At 31 August 2018 |
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Included within the net book value of land and buildings above is £575,000 (2018 - £575,000) in respect of freehold land and buildings.
Stocks |
31st December |
31st August |
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Other inventories |
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Debtors |
31st December |
31st August |
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Trade debtors |
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Amounts owed by group undertakings and undertakings in which the company has a participating interest |
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Prepayments |
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Other debtors |
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Page 7 |
Alpine Group (1974) Limited
Notes to the Financial Statements for the Period from 1 September 2018 to 31 December 2018
Creditors |
Due within one year
31st December |
31st August |
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Bank loans and overdrafts |
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Obligations under finance lease and hire purchase contracts |
8,930 |
9,700 |
Trade creditors |
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Taxation and social security |
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Accruals and deferred income |
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Other creditors |
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Due after more than one year
31st December |
31st August |
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Bank loans and overdrafts |
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Obligations under finance lease and under hire purchase contracts |
14,819 |
17,355 |
Other creditors |
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563,643 |
581,405 |
Loans and borrowings |
Bank loans and overdrafts
Bank loans and overdrafts on which security has been given by the company have a carrying amount of £479,083 (2017 - £269,496).
Finance lease and hire purchase contracts
Finance lease and hire purchase contracts with a carrying amount of £23,749 (2018 - £27,055) are secured by certain plant and machinery.
Profit and loss account |
31st December |
31st August |
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Distributable reserves |
11,940 |
(151,824) |
Non-distributable reserves |
204,000 |
204,000 |
215,940 |
52,176 |
Page 8 |
Alpine Group (1974) Limited
Notes to the Financial Statements for the Period from 1 September 2018 to 31 December 2018
Financial commitments, guarantees and contingencies |
The total amount of operating lease commitments not included in the balance sheet is £751 (2018 - £1,002). This balance is made up of non-cancellable operating leases in relation to land, buildings and equipment. £751 (2018 - £1,002) of the total balance expires not later than one year.
Page 9 |