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REGISTERED NUMBER: 10553118 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2023

FOR

ALBJAM SERVICES LTD

ALBJAM SERVICES LTD (REGISTERED NUMBER: 10553118)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ALBJAM SERVICES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2023







DIRECTORS: A S Turner FCCA
J McGilvray





REGISTERED OFFICE: Unit 2
99-101 Kingsland Road
London
E2 8AG





REGISTERED NUMBER: 10553118 (England and Wales)





ACCOUNTANTS: Versa Accountants Ltd
Chartered Certified Accountants
Unit 2
99-101 Kingsland Road
London
E2 8AG

ALBJAM SERVICES LTD (REGISTERED NUMBER: 10553118)

BALANCE SHEET
31 JANUARY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investments 4 - 6,158
Investment property 5 1,635,000 1,600,000
1,635,000 1,606,158

CURRENT ASSETS
Stocks 25,000 25,000
Debtors 6 1,399,606 1,036,349
Cash at bank 23,120 194,533
1,447,726 1,255,882
CREDITORS
Amounts falling due within one year 7 109,836 80,958
NET CURRENT ASSETS 1,337,890 1,174,924
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,972,890

2,781,082

CREDITORS
Amounts falling due after more than one
year

8

2,485,297

2,310,344
NET ASSETS 487,593 470,738

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 487,493 470,638
SHAREHOLDERS' FUNDS 487,593 470,738

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

ALBJAM SERVICES LTD (REGISTERED NUMBER: 10553118)

BALANCE SHEET - continued
31 JANUARY 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 Board of Directors and authorised for issue on 29 November 2023 and were signed on its behalf by:





A S Turner FCCA - Director


ALBJAM SERVICES LTD (REGISTERED NUMBER: 10553118)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

1. STATUTORY INFORMATION

ALBJAM Services Ltd 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 as modified by the revaluation of certain assets.

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

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

ALBJAM SERVICES LTD (REGISTERED NUMBER: 10553118)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023

4. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 February 2022 6,158
Additions 1,699
Disposals (7,857 )
At 31 January 2023 -
NET BOOK VALUE
At 31 January 2023 -
At 31 January 2022 6,158

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2022 1,600,000
Revaluations 35,000
At 31 January 2023 1,635,000
NET BOOK VALUE
At 31 January 2023 1,635,000
At 31 January 2022 1,600,000

Fair value at 31 January 2023 is represented by:
£   
Valuation in 2019 250,000
Valuation in 2020 150,000
Valuation in 2021 164,715
Valuation in 2022 100,000
Valuation in 2023 35,000
Cost 935,285
1,635,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 46,000 -
Amounts owed by associates 484,791 506,362
Other debtors 868,815 529,987
1,399,606 1,036,349

ALBJAM SERVICES LTD (REGISTERED NUMBER: 10553118)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 44,996 49,167
Trade creditors 1 -
Amounts owed to associates 29,062 -
Taxation and social security 35,777 31,791
109,836 80,958

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 1,035,770 873,682
Amounts owed to associates 949,527 936,662
Other creditors 500,000 500,000
2,485,297 2,310,344