|
|
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Unaudited Financial Statements for the Year Ended 30 June 2019 |
|
for |
|
Altech Trading Company Limited |
|
|
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Unaudited Financial Statements for the Year Ended 30 June 2019 |
|
for |
|
Altech Trading Company Limited |
Altech Trading Company Limited (Registered number: 02820838) |
|
|
|
|
|
|
Contents of the Financial Statements |
for the Year Ended 30 June 2019 |
|
|
|
|
Page |
|
Company Information | 1 |
|
Balance Sheet | 2 |
|
Notes to the Financial Statements | 4 |
|
Altech Trading Company Limited |
|
Company Information |
for the Year Ended 30 June 2019 |
|
|
|
|
|
|
|
DIRECTORS: |
|
|
|
|
|
|
|
|
SECRETARY: |
|
|
|
|
|
|
REGISTERED OFFICE: |
|
|
|
|
|
|
|
|
|
|
REGISTERED NUMBER: |
|
|
|
|
|
|
ACCOUNTANTS: |
|
The Old Grange |
Warren Estate |
Lordship Road |
Writtle |
Essex |
CM1 3WT |
Altech Trading Company Limited (Registered number: 02820838) |
|
Balance Sheet |
30 June 2019 |
|
2019 | 2018 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
|
|
Tangible assets | 5 |
|
|
|
|
|
CURRENT ASSETS |
Stocks |
|
|
Debtors | 6 |
|
|
Investments | 7 |
|
|
Cash at bank and in hand |
|
|
|
|
CREDITORS |
Amounts falling due within one year | 8 |
|
|
NET CURRENT ASSETS |
|
|
TOTAL ASSETS LESS CURRENT
LIABILITIES |
|
|
|
CREDITORS |
Amounts falling due after more than one
year |
9 |
( |
) |
( |
) |
|
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET ASSETS |
|
|
|
CAPITAL AND RESERVES |
Called up share capital | 12 |
|
|
Capital redemption reserve |
|
|
Retained earnings |
|
|
SHAREHOLDERS' FUNDS |
|
|
|
|
|
|
|
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. |
Altech Trading Company Limited (Registered number: 02820838) |
|
Balance Sheet - continued |
30 June 2019 |
|
|
|
|
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
|
|
|
|
|
|
|
|
Altech Trading Company Limited (Registered number: 02820838) |
|
Notes to the Financial Statements |
for the Year Ended 30 June 2019 |
|
1. | STATUTORY INFORMATION |
|
Altech Trading Company Limited is a
|
company's registered number and registered office address can be found on the Company Information page. |
|
The presentation currency of the financial statements is the Pound Sterling (£). |
|
|
2. | ACCOUNTING POLICIES |
|
Basis of preparing the financial statements |
|
|
Turnover |
Turnover represents net invoiced sales of goods and services, excluding 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. |
|
Tangible fixed assets |
Tangible fixed assets are initially measured at cost. After initial recognition, tangible fixed assets are measured |
at cost less any accumulated depreciation and any accumulated impairment losses. |
|
Depreciation is provided at the following annual rates, in order to write off each asset over its estimated useful |
life: |
|
- Plant and machinery etc - 25% on reducing balance and 15% on reducing balance |
|
Stocks |
Stock is valued at the market value, after making due allowances for obsolete and slow moving items. |
|
|
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. |
Altech Trading Company Limited (Registered number: 02820838) |
|
Notes to the Financial Statements - continued |
for the Year Ended 30 June 2019 |
|
2. | ACCOUNTING POLICIES - continued |
|
Hire purchase commitments |
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet and |
depreciated over their estimated useful lives. |
|
Interest is charged to the profit and loss account on an actual basis over the term of the contract. The capital |
element of future payments is carried forward as a liability. |
|
Significant judgements and estimates |
No significant judgements or estimations have been applied in the preparation of the financial statements. |
|
Debtors |
Short term debtors are measured at transaction price, less any impairment. |
|
Creditors |
Short term creditors are measured at the transaction price. |
|
3. | EMPLOYEES AND DIRECTORS |
|
The average number of employees during the year was
|
|
4. | INTANGIBLE FIXED ASSETS |
Goodwill |
£ |
COST |
At 1 July 2018 |
and 30 June 2019 |
|
AMORTISATION |
At 1 July 2018 |
and 30 June 2019 |
|
NET BOOK VALUE |
At 30 June 2019 |
|
At 30 June 2018 |
|
Altech Trading Company Limited (Registered number: 02820838) |
|
Notes to the Financial Statements - continued |
for the Year Ended 30 June 2019 |
|
5. | TANGIBLE FIXED ASSETS |
Plant and | Motor |
machinery | vehicles | Totals |
£ | £ | £ |
COST |
At 1 July 2018 |
|
|
|
Additions |
|
|
|
Disposals | ( |
) |
|
( |
) |
At 30 June 2019 |
|
|
|
DEPRECIATION |
At 1 July 2018 |
|
|
|
Charge for year |
|
|
|
Eliminated on disposal | ( |
) |
|
( |
) |
At 30 June 2019 |
|
|
|
NET BOOK VALUE |
At 30 June 2019 |
|
|
|
At 30 June 2018 |
|
|
|
|
Included within fixed assets are assets held on hire purchase with a net book value of £262,704 (2018: £249,086) |
Depreciation charged for the year was £36,204 (2018: £36,663). |
|
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2019 | 2018 |
£ | £ |
Trade debtors |
|
|
VAT |
|
|
Prepayments |
|
|
|
|
|
7. | CURRENT ASSET INVESTMENTS |
2019 | 2018 |
£ | £ |
Other |
|
|
|
8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2019 | 2018 |
£ | £ |
Bank loans and overdrafts |
|
|
Hire purchase contracts (see note 10) |
|
|
Trade creditors |
|
|
Tax |
|
|
Social security and other taxes |
|
|
VAT | - | 33,952 |
Other creditors |
|
|
|
|
|
Other creditors includes payments on account received of £333,925 (2018: £nil). |
Altech Trading Company Limited (Registered number: 02820838) |
|
Notes to the Financial Statements - continued |
for the Year Ended 30 June 2019 |
|
9. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR |
2019 | 2018 |
£ | £ |
Hire purchase contracts (see note 10) |
|
|
Directors' loan accounts | 150,000 | 150,000 |
|
|
|
10. | LEASING AGREEMENTS |
|
Minimum lease payments fall due as follows: |
|
Hire purchase contracts |
2019 | 2018 |
£ | £ |
Net obligations repayable: |
Within one year |
|
|
Between one and five years |
|
|
|
|
|
Non-cancellable operating |
leases |
2019 | 2018 |
£ | £ |
Within one year |
|
|
Between one and five years |
|
|
|
|
|
11. | SECURED DEBTS |
|
The following secured debts are included within creditors: |
|
2019 | 2018 |
£ | £ |
Hire purchase contracts | 41,897 | 45,924 |
|
Obligations under hire purchase contracts are secured on the related assets. |
|
12. | CALLED UP SHARE CAPITAL |
|
|
|
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2019 | 2018 |
value: | £ | £ |
|
Ordinary | £1 | 6,946 | 6,946 |
|
Ordinary A | £1 | 10 | 10 |
6,956 | 6,956 |
Altech Trading Company Limited (Registered number: 02820838) |
|
Notes to the Financial Statements - continued |
for the Year Ended 30 June 2019 |
|
13. | RELATED PARTY DISCLOSURES |
|
During the year, total dividends of £99,500 (2018 - £64,300) were paid to the directors . |
|
14. | ULTIMATE CONTROLLING PARTY |
|
|