Company registration number 05840945 (England and Wales)
ALDBURY PRODUCTS LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023
PAGES FOR FILING WITH REGISTRAR
ALDBURY PRODUCTS LTD
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 5
ALDBURY PRODUCTS LTD
BALANCE SHEET
AS AT
30 JUNE 2023
30 June 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
88,544
110,679
Current assets
Stocks
169,236
125,550
Debtors
4
129,613
78,602
Cash at bank and in hand
233,693
338,558
532,542
542,710
Creditors: amounts falling due within one year
5
(156,193)
(211,233)
Net current assets
376,349
331,477
Total assets less current liabilities
464,893
442,156
Creditors: amounts falling due after more than one year
6
(22,500)
(32,500)
Provisions for liabilities
(15,181)
(19,026)
Net assets
427,212
390,630
Capital and reserves
Called up share capital
1,000
1,000
Profit and loss reserves
426,212
389,630
Total equity
427,212
390,630

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

ALDBURY PRODUCTS LTD
BALANCE SHEET (CONTINUED)
AS AT
30 JUNE 2023
30 June 2023
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 29 November 2023 and are signed on its behalf by:
Mr DA Starling
Director
Company Registration No. 05840945
ALDBURY PRODUCTS LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023
- 3 -
1
Accounting policies
Company information

Aldbury Products Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 4-5 Swan Lane Business Park, Exning, Newmarket, Suffolk, England, CB8 7FN.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

 

 

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
- 20% reducing balance
Computers
- 20% reducing balance
1.4
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

1.5
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

ALDBURY PRODUCTS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2023
1
Accounting policies
(Continued)
- 4 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

1.7
Government grants

Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

 

A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
11
11
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 July 2022 and 30 June 2023
692,404
Depreciation and impairment
At 1 July 2022
581,724
Depreciation charged in the year
22,136
At 30 June 2023
603,860
Carrying amount
At 30 June 2023
88,544
At 30 June 2022
110,679
ALDBURY PRODUCTS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2023
- 5 -
4
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
84,440
47,376
Other debtors
45,173
31,226
129,613
78,602
5
Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans
10,000
10,000
Trade creditors
40,843
56,297
Corporation tax
40,734
47,532
Other taxation and social security
32,870
46,947
Other creditors
31,746
50,457
156,193
211,233
6
Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
22,500
32,500
2023-06-302022-07-01false29 November 2023CCH SoftwareCCH Accounts Production 2023.100No description of principal activityMr E R VicaryMr D A Starling058409452022-07-012023-06-30058409452023-06-30058409452022-06-3005840945core:OtherPropertyPlantEquipment2023-06-3005840945core:OtherPropertyPlantEquipment2022-06-3005840945core:CurrentFinancialInstrumentscore:WithinOneYear2023-06-3005840945core:CurrentFinancialInstrumentscore:WithinOneYear2022-06-3005840945core:Non-currentFinancialInstrumentscore:AfterOneYear2023-06-3005840945core:Non-currentFinancialInstrumentscore:AfterOneYear2022-06-3005840945core:CurrentFinancialInstruments2023-06-3005840945core:CurrentFinancialInstruments2022-06-3005840945core:ShareCapital2023-06-3005840945core:ShareCapital2022-06-3005840945core:RetainedEarningsAccumulatedLosses2023-06-3005840945core:RetainedEarningsAccumulatedLosses2022-06-3005840945bus:Director22022-07-012023-06-3005840945core:PlantMachinery2022-07-012023-06-3005840945core:ComputerEquipment2022-07-012023-06-30058409452021-07-012022-06-3005840945core:OtherPropertyPlantEquipment2022-06-3005840945core:OtherPropertyPlantEquipment2022-07-012023-06-3005840945core:WithinOneYear2023-06-3005840945core:WithinOneYear2022-06-3005840945core:Non-currentFinancialInstruments2023-06-3005840945core:Non-currentFinancialInstruments2022-06-3005840945bus:PrivateLimitedCompanyLtd2022-07-012023-06-3005840945bus:SmallCompaniesRegimeForAccounts2022-07-012023-06-3005840945bus:FRS1022022-07-012023-06-3005840945bus:AuditExempt-NoAccountantsReport2022-07-012023-06-3005840945bus:Director12022-07-012023-06-3005840945bus:FullAccounts2022-07-012023-06-30xbrli:purexbrli:sharesiso4217:GBP