Registered number
09047630
St Albans Basement Ltd
Filleted Accounts
31 May 2023
St Albans Basement Ltd
Registered number: 09047630
Balance Sheet
as at 31 May 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 34,127 17,376
Current assets
Work in Progress 95,000 10,000
Debtors 4 32,900 9,830
Cash at bank and in hand 7,698 254,569
135,598 274,399
Creditors: amounts falling due within one year 5 (88,002) (174,048)
Net current assets 47,596 100,351
Net assets 81,723 117,727
Capital and reserves
Called up share capital 1 1
Profit and loss account 81,722 117,726
Shareholder's funds 81,723 117,727
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
L Dower
Director
Approved by the board on 7 February 2024
St Albans Basement Ltd
Notes to the Accounts
for the year ended 31 May 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 3 3
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 June 2022 14,678 41,630 56,308
Additions 28,128 - 28,128
At 31 May 2023 42,806 41,630 84,436
Depreciation
At 1 June 2022 5,264 33,668 38,932
Charge for the year 9,386 1,991 11,377
At 31 May 2023 14,650 35,659 50,309
Net book value
At 31 May 2023 28,156 5,971 34,127
At 31 May 2022 9,414 7,962 17,376
4 Debtors 2023 2022
£ £
Trade debtors 18,088 9,830
Other debtors 14,812 -
32,900 9,830
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 71,031 130,029
Taxation and social security costs 4,521 32,499
Other creditors 12,450 11,520
88,002 174,048
6 Other information
St Albans Basement Ltd is a private company limited by shares and incorporated in England. Its registered office is 129b High Street Stevenage Herts SG1 3HS:
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