Alphabet Solutions Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06355410 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2018

for

Alphabet Solutions Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mrs B J Darley

SECRETARY:

Mrs B J Darley

REGISTERED OFFICE:

Flexadux House

Grange Road

Corringham Road Ind Est

Gainsborough

Lincolnshire

DN21 1QB

REGISTERED NUMBER:

06355410 (England and Wales)

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

7,958

11,762

7,958

11,762

CURRENT ASSETS

Debtors

6

130,753

100,496

Cash at bank

15,280

22,358

146,033

122,854

CREDITORS

Amounts falling due within one year

7

61,292

57,425

NET CURRENT ASSETS

84,741

65,429

TOTAL ASSETS LESS CURRENT LIABILITIES

92,699

77,191

CREDITORS

Amounts falling due after more than one year

8

(30,542

)

(47,112

)

PROVISIONS FOR LIABILITIES

(1,512

)

(2,552

)

NET ASSETS

60,645

27,527

CAPITAL AND RESERVES

Called up share capital

200

200

Retained earnings

60,445

27,327

SHAREHOLDERS' FUNDS

60,645

27,527

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 director on 22 January 2019 and were signed by:

Mrs B J Darley - Director

1.	STATUTORY INFORMATION

Alphabet Solutions Limited is a private company, limited by shares , registered in England and Wales. 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 net invoiced sales of services, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of ten years.

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

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

Improvements to leasehold property

-

20% on cost

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on reducing balance

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2017 - 13 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2018

and 31 December 2018

30,000

AMORTISATION

At 1 January 2018

and 31 December 2018

30,000

NET BOOK VALUE

At 31 December 2018

-

At 31 December 2017

-

5.	TANGIBLE FIXED ASSETS

Improvements

to

Fixtures

leasehold

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 January 2018

and 31 December 2018

4,000

3,049

15,072

DEPRECIATION

At 1 January 2018

4,000

2,485

8,307

Charge for year

-

141

1,015

At 31 December 2018

4,000

2,626

9,322

NET BOOK VALUE

At 31 December 2018

-

423

5,750

At 31 December 2017

-

564

6,765

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 January 2018

and 31 December 2018

7,995

25,605

55,721

DEPRECIATION

At 1 January 2018

6,226

22,941

43,959

Charge for year

1,769

879

3,804

At 31 December 2018

7,995

23,820

47,763

NET BOOK VALUE

At 31 December 2018

-

1,785

7,958

At 31 December 2017

1,769

2,664

11,762

6.

DEBTORS

31.12.18

31.12.17

£

£

Amounts falling due within one year:

Trade debtors

23,056

12,065

Amounts falling due after more than one year:

Loans

107,697

88,431

Aggregate amounts

130,753

100,496

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.18

31.12.17

£

£

Bank loans and overdrafts

4,090

-

Other loans

8,497

14,970

Trade creditors

3,070

4,996

Tax

15,454

5,041

Social security and other taxes

15,941

18,019

Other creditors

11,354

12,691

Directors' current accounts

2,886

1,708

61,292

57,425

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.18

31.12.17

£

£

Bank loans - 2-5 years

-

11,099

Other loans - 1-2 years

5,470

5,470

Other loans - 2-5 years

16,411

16,411

Other loans more 5yrs instal

8,661

14,132

30,542

47,112

Amounts falling due in more than five years:

Repayable by instalments

Other loans more 5yrs instal

8,661

14,132

9.	RELATED PARTY DISCLOSURES

During the year, total dividends of £30,000 (2017 - £5,000) were paid to the director .

10.	ULTIMATE CONTROLLING PARTY

The company is controlled by its director.

At the year end the director is owed £2,886 (2017 £1,708).