Company Registration No. 10678889 (England and Wales)
Alexander Bros (SW) Ltd
Unaudited accounts
for the year ended 31 December 2021
Alexander Bros (SW) Ltd
Unaudited accounts
Contents
Alexander Bros (SW) Ltd
Company Information
for the year ended 31 December 2021
Company Number
10678889 (England and Wales)
Registered Office
South Leigh Farm
South Molton
Devon
EX36 3EH
Accountants
JD Accountants (South West) Ltd
Suite 2, Riverside Court
Castle Street
Barnstaple
Devon
EX31 1DR
Alexander Bros (SW) Ltd
Accountants' report
Accountants' report to the director of Alexander Bros (SW) Ltd on the preparation of the unaudited statutory accounts for the year ended 31 December 2021
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Alexander Bros (SW) Ltd for the year ended
31 December 2021 as set out on pages
5 -
8 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Alexander Bros (SW) Ltd, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Alexander Bros (SW) Ltd and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Alexander Bros (SW) Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Alexander Bros (SW) Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Alexander Bros (SW) Ltd. You consider that Alexander Bros (SW) Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Alexander Bros (SW) Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
JD Accountants (South West) Ltd
Suite 2, Riverside Court
Castle Street
Barnstaple
Devon
EX31 1DR
31 August 2022
Alexander Bros (SW) Ltd
Statement of financial position
as at
31 December 2021
Tangible assets
50,338
58,449
Cash at bank and in hand
24
24
Creditors: amounts falling due within one year
(195,577)
(108,220)
Net current liabilities
(44,289)
(17,646)
Total assets less current liabilities
6,051
40,927
Creditors: amounts falling due after more than one year
(50,867)
(65,827)
Provisions for liabilities
Deferred tax
(6,849)
(7,794)
Net liabilities
(51,665)
(32,694)
Called up share capital
100
100
Profit and loss account
(51,765)
(32,794)
Shareholders' funds
(51,665)
(32,694)
For the year ending 31 December 2021 the company was entitled to exemption from audit 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 31 August 2022 and were signed on its behalf by
D Alexander
Director
Company Registration No. 10678889
Alexander Bros (SW) Ltd
Notes to the Accounts
for the year ended 31 December 2021
Alexander Bros (SW) Ltd is a private company, limited by shares, registered in England and Wales, registration number 10678889. The registered office is South Leigh Farm, South Molton, Devon, EX36 3EH.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
5 Years Straight Line
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
The company's accounts have been prepared on a going concern basis. Having reviewed the financial position for the next twelve months the directors believe that preparation of the accounts on a going concern basis to be appropriate.
4
Intangible fixed assets
Goodwill
Alexander Bros (SW) Ltd
Notes to the Accounts
for the year ended 31 December 2021
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 January 2021
89,796
18,244
5,669
113,709
Additions
10,697
-
1,156
11,853
At 31 December 2021
100,493
18,244
6,825
125,562
At 1 January 2021
34,346
18,243
2,671
55,260
Charge for the year
18,998
1
965
19,964
At 31 December 2021
53,344
18,244
3,636
75,224
At 31 December 2021
47,149
-
3,189
50,338
At 31 December 2020
55,450
1
2,998
58,449
6
Debtors: amounts falling due within one year
2021
2020
Trade debtors
63,557
66,571
Accrued income and prepayments
625
722
Other debtors
78,993
15,168
7
Creditors: amounts falling due within one year
2021
2020
Bank loans and overdrafts
50,039
22,045
Trade creditors
50,408
47,903
Taxes and social security
73,964
18,199
Other creditors
13,960
12,251
The company has provided HH finance with a fixed and floating charge over the assets of the company.
8
Creditors: amounts falling due after more than one year
2021
2020
Obligations under finance leases and hire purchase contracts
5,311
11,105
9
Share capital
2021
2020
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
Alexander Bros (SW) Ltd
Notes to the Accounts
for the year ended 31 December 2021
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Directors Loan
15,168
63,825
-
78,993
11
Average number of employees
During the year the average number of employees was 8 (2020: 8).