Company Registration No. 07850221 (England and Wales)
Alexis Filters Ltd
Unaudited accounts
for the year ended 31 March 2021
Alexis Filters Ltd
Unaudited accounts
Contents
Alexis Filters Ltd
Company Information
for the year ended 31 March 2021
Directors
Neil Meyrick Martland
Andrea Beverley Martland
Company Number
07850221 (England and Wales)
Registered Office
UNIT 20, MELTON ENTERPRISE PARK REDCLIFF
MELTON
NORTH FERRIBY
EAST YORKSHIRE
HU14 3RS
ENGLAND
Accountants
Kendall Accountancy Services Limited
2 Exeter Street
New Village Road
Cottingham
East Yorkshire
HU16 4LU
Alexis Filters Ltd
Statement of financial position
as at
31 March 2021
Tangible assets
7,967
7,905
Investments
22,000
22,000
Inventories
109,955
66,528
Cash at bank and in hand
33,940
12,013
Creditors: amounts falling due within one year
(292,702)
(249,227)
Net current assets
63,338
54,059
Total assets less current liabilities
93,305
83,964
Creditors: amounts falling due after more than one year
(59,502)
(42,500)
Called up share capital
102
102
Profit and loss account
33,701
41,362
Shareholders' funds
33,803
41,464
For the year ending 31 March 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 directors acknowledge their 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 of Directors and authorised for issue on 16 June 2021 and were signed on its behalf by
Neil Meyrick Martland
Director
Company Registration No. 07850221
Alexis Filters Ltd
Notes to the Accounts
for the year ended 31 March 2021
Alexis Filters Ltd is a private company, limited by shares, registered in England and Wales, registration number 07850221. The registered office is UNIT 20, MELTON ENTERPRISE PARK REDCLIFF, MELTON, NORTH FERRIBY, EAST YORKSHIRE, HU14 3RS, ENGLAND.
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:
Motor vehicles
25% on cost
Computer equipment
25% on cost
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Alexis Filters Ltd
Notes to the Accounts
for the year ended 31 March 2021
4
Tangible fixed assets
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 April 2020
12,432
2,395
14,827
At 31 March 2021
12,432
5,030
17,462
At 1 April 2020
6,283
639
6,922
Charge for the year
1,604
969
2,573
At 31 March 2021
7,887
1,608
9,495
At 31 March 2021
4,545
3,422
7,967
At 31 March 2020
6,149
1,756
7,905
5
Investments
Subsidiary undertakings
Valuation at 1 April 2020
22,000
Valuation at 31 March 2021
22,000
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Debtors: amounts falling due within one year
2021
2020
Trade debtors
181,398
184,156
Amounts due from group undertakings etc.
11,899
19,327
Accrued income and prepayments
18,369
18,369
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Creditors: amounts falling due within one year
2021
2020
Bank loans and overdrafts
24,506
24,506
Obligations under finance leases and hire purchase contracts
2,183
2,183
Trade creditors
172,381
172,601
Amounts owed to group undertakings and other participating interests
-
5,928
Taxes and social security
40,260
23,897
Other creditors
35,451
25
Loans from directors
17,921
2,496
Alexis Filters Ltd
Notes to the Accounts
for the year ended 31 March 2021
8
Creditors: amounts falling due after more than one year
2021
2020
Obligations under finance leases and hire purchase contracts
1,919
4,102
9
Transactions with related parties
At 31st March 2021
Filterstar Ltd owed Alexis Filters Ltd £169.64
Filter-mart Ltd owed Alexis Filters Ltd £11,729.76
On the Sales Ledger Alexis Filters Ltd was owed the following:
Filter-mart Ltd £3,028.91
Filterstar Ltd £1,200.00
On the Purchase Ledger Alexis Filters Ltd owed :
Filter-mart Ltd £844.14
Filterstar Ltd £1,605.17
All of the above are interest free and repayable on demand
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Average number of employees
During the year the average number of employees was 10 (2020: 9).