1 September 2022 false No description of principal activity Taxfiler 2023.10.1 true SC430403business:PrivateLimitedCompanyLtd2022-09-012023-08-31 SC4304032022-08-31 SC4304032022-09-012023-08-31 SC430403business:AuditExemptWithAccountantsReport2022-09-012023-08-31 SC430403business:FilletedAccounts2022-09-012023-08-31 SC4304032023-08-31 SC430403business:Director12022-09-012023-08-31 SC430403business:RegisteredOffice2022-09-012023-08-31 SC4304032022-08-31 SC430403core:WithinOneYear2023-08-31 SC430403core:WithinOneYear2022-08-31 SC430403core:ShareCapitalcore:PreviouslyStatedAmount2023-08-31 SC430403core:ShareCapitalcore:PreviouslyStatedAmount2022-08-31 SC430403core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-08-31 SC430403core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-08-31 SC430403core:PreviouslyStatedAmount2023-08-31 SC430403core:PreviouslyStatedAmount2022-08-31 SC430403business:SmallEntities2022-09-012023-08-31 SC430403countries:Scotland2022-09-012023-08-31 SC430403core:PlantMachinery2022-09-012023-08-31 SC430403core:PlantMachinery2022-08-31 SC430403core:PlantMachinery2023-08-31 SC4304032021-09-012022-08-31 iso4217:GBP xbrli:pure
Company Registration No. SC430403 (Scotland)
ALBANY TECHNICAL SERVICES LIMITED Unaudited accounts for the year ended 31 August 2023
ALBANY TECHNICAL SERVICES LIMITED Unaudited accounts Contents
Page
- 2 -
ALBANY TECHNICAL SERVICES LIMITED Company Information for the year ended 31 August 2023
Director
BARKER, Stewart John
Company Number
SC430403 (Scotland)
Registered Office
25 JESMOND CIRCLE BRIDGE OF DON ABERDEEN AB22 8WX SCOTLAND
Accountants
Ideal Accountants London Ltd 66 Mount Park Road Pinner HA5 2JR
- 3 -
ALBANY TECHNICAL SERVICES LIMITED Statement of financial position as at 31 August 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,520 
2,057 
Current assets
Inventories
6,395 
4,799 
Debtors
2,046 
20,848 
Cash at bank and in hand
302,900 
278,587 
311,341 
304,234 
Creditors: amounts falling due within one year
(27,584)
(25,995)
Net current assets
283,757 
278,239 
Total assets less current liabilities
285,277 
280,296 
Provisions for liabilities
Deferred tax
(288)
(390)
Net assets
284,989 
279,906 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
284,988 
279,905 
Shareholders' funds
284,989 
279,906 
For the year ending 31 August 2023 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 director acknowledges his 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 and authorised for issue on 27 November 2023 and were signed on its behalf by
BARKER, Stewart John Director Company Registration No. SC430403
- 4 -
ALBANY TECHNICAL SERVICES LIMITED Notes to the Accounts for the year ended 31 August 2023
1
Statutory information
ALBANY TECHNICAL SERVICES LIMITED is a private company, limited by shares, registered in Scotland, registration number SC430403. The registered office is 25 JESMOND CIRCLE, BRIDGE OF DON, ABERDEEN, AB22 8WX, SCOTLAND.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention in accordance with Financial Reporting Standard 102.
Presentation currency
The accounts are presented in £ sterling.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Turnover
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.
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:
Plant & machinery
25% on cost
Going concern
The director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus he continues to adopt the going concern basis of accounting in preparation of annual financial statements.
- 5 -
ALBANY TECHNICAL SERVICES LIMITED Notes to the Accounts for the year ended 31 August 2023
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 September 2022
20,109 
At 31 August 2023
20,109 
Depreciation
At 1 September 2022
18,052 
Charge for the year
537 
At 31 August 2023
18,589 
Net book value
At 31 August 2023
1,520 
At 31 August 2022
2,057 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
2,304 
Accrued income and prepayments
2,046 
18,544 
2,046 
20,848 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
844 
142 
Trade creditors
695 
- 
Taxes and social security
1,775 
4,645 
Loans from directors
24,270 
21,208 
27,584 
25,995 
7
Average number of employees
During the year the average number of employees was 1 (2022: 1).
- 6 -