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REGISTERED NUMBER: 04561535 (England and Wales)













Albion Business Limited

Unaudited Financial Statements

for the Year Ended 30 June 2023






Albion Business Limited (Registered number: 04561535)






Contents of the Financial Statements
for the year ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Albion Business Limited

Company Information
for the year ended 30 June 2023







DIRECTOR: R A Brindley





SECRETARY: Mrs J Birks





REGISTERED OFFICE: 9 Howard Place
Shelton
Stoke-on-Trent
Staffordshire
ST1 4NN





REGISTERED NUMBER: 04561535 (England and Wales)





ACCOUNTANTS: Slaters & Co Accountants
Lymore Villa
162a London Road
Chesterton
Newcastle
Staffordshire
ST5 7JB

Albion Business Limited (Registered number: 04561535)

Balance Sheet
30 June 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 595,200 632,400
Tangible assets 5 4,787 6,133
599,987 638,533

CURRENT ASSETS
Stocks 16,652 12,469
Debtors 6 5,151 83,446
Cash at bank and in hand 335,533 248,360
357,336 344,275
CREDITORS
Amounts falling due within one year 7 547,620 516,955
NET CURRENT LIABILITIES (190,284 ) (172,680 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

409,703

465,853

CREDITORS
Amounts falling due after more than one
year

8

177,288

104,523
NET ASSETS 232,415 361,330

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 232,414 361,329
SHAREHOLDERS' FUNDS 232,415 361,330

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 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.

Albion Business Limited (Registered number: 04561535)

Balance Sheet - continued
30 June 2023


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 1 November 2023 and were signed by:





R A Brindley - Director


Albion Business Limited (Registered number: 04561535)

Notes to the Financial Statements
for the year ended 30 June 2023

1. STATUTORY INFORMATION

Albion Business 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 represents net invoice value of services provided, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of twenty five 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.
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% 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.

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.

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 9 (2022 - 10 ) .

Albion Business Limited (Registered number: 04561535)

Notes to the Financial Statements - continued
for the year ended 30 June 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2022
and 30 June 2023 930,000
AMORTISATION
At 1 July 2022 297,600
Charge for year 37,200
At 30 June 2023 334,800
NET BOOK VALUE
At 30 June 2023 595,200
At 30 June 2022 632,400

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 July 2022
and 30 June 2023 12,913 13,346 26,259
DEPRECIATION
At 1 July 2022 9,138 10,988 20,126
Charge for year 566 780 1,346
At 30 June 2023 9,704 11,768 21,472
NET BOOK VALUE
At 30 June 2023 3,209 1,578 4,787
At 30 June 2022 3,775 2,358 6,133

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 3,306 79,401
Other debtors 1,845 4,045
5,151 83,446

Albion Business Limited (Registered number: 04561535)

Notes to the Financial Statements - continued
for the year ended 30 June 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 49,413 87,365
Taxation and social security 181,692 113,476
Other creditors 316,515 316,114
547,620 516,955

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Other creditors 177,288 104,523

Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal 14,583 19,583