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REGISTERED NUMBER: 03138282 (England and Wales)












Albany Carpet Contracts Limited

Unaudited Financial Statements

for the Year Ended 31 December 2021






Albany Carpet Contracts Limited (Registered number: 03138282)






Contents of the Financial Statements
for the Year Ended 31 December 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Albany Carpet Contracts Limited

Company Information
for the Year Ended 31 December 2021







DIRECTOR: S A Richards





REGISTERED OFFICE: 4 Pavilion Court
600 Pavilion Drive
Northampton Business Park
Northampton
Northamptonshire
NN4 7SL





REGISTERED NUMBER: 03138282 (England and Wales)





ACCOUNTANTS: Kilby Fox
Chartered Accountants
4 Pavilion Court
600 Pavilion Drive
Northampton Business Park
Northampton
Northamptonshire
NN4 7SL

Albany Carpet Contracts Limited (Registered number: 03138282)

Balance Sheet
31 December 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 13,634 14,781

CURRENT ASSETS
Stocks 18,135 16,798
Debtors 5 31,588 29,404
Cash at bank and in hand 378,258 1,816,345
427,981 1,862,547
CREDITORS
Amounts falling due within one year 6 250,566 202,911
NET CURRENT ASSETS 177,415 1,659,636
TOTAL ASSETS LESS CURRENT
LIABILITIES

191,049

1,674,417

CAPITAL AND RESERVES
Called up share capital 5,288 5,756
Capital redemption reserve 855 387
Retained earnings 184,906 1,668,274
SHAREHOLDERS' FUNDS 191,049 1,674,417

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 applicable to companies subject to the small companies regime.

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 and authorised for issue on 15 August 2022 and were signed by:





S A Richards - Director


Albany Carpet Contracts Limited (Registered number: 03138282)

Notes to the Financial Statements
for the Year Ended 31 December 2021

1. STATUTORY INFORMATION

Albany Carpet Contracts 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant & machinery etc - 25% on reducing balance, 20% on cost and 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2020 - 6 ) .

Albany Carpet Contracts Limited (Registered number: 03138282)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021

4. TANGIBLE FIXED ASSETS
Fixtures
Property Plant and and Motor
improvements machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 January 2021 11,593 13,639 18,897 31,149 75,278
Additions - 430 1,217 - 1,647
At 31 December 2021 11,593 14,069 20,114 31,149 76,925
DEPRECIATION
At 1 January 2021 11,593 10,378 10,946 27,580 60,497
Charge for year - 503 1,399 892 2,794
At 31 December 2021 11,593 10,881 12,345 28,472 63,291
NET BOOK VALUE
At 31 December 2021 - 3,188 7,769 2,677 13,634
At 31 December 2020 - 3,261 7,951 3,569 14,781

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade debtors 20,443 20,443
Other debtors 11,145 8,961
31,588 29,404

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade creditors 59,541 54,919
Taxation and social security 105,992 82,681
Other creditors 85,033 65,311
250,566 202,911

7. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr S A Richards.