Caseware UK (AP4) 2022.0.179 2022.0.179 2023-06-302023-06-30The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.172022-07-01false17truetrue 00853375 2022-07-01 2023-06-30 00853375 2021-07-01 2022-06-30 00853375 2023-06-30 00853375 2022-06-30 00853375 2021-07-01 00853375 c:Director1 2022-07-01 2023-06-30 00853375 c:Director2 2022-07-01 2023-06-30 00853375 d:Buildings 2022-07-01 2023-06-30 00853375 d:Buildings 2023-06-30 00853375 d:Buildings 2022-06-30 00853375 d:Buildings d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 00853375 d:PlantMachinery 2022-07-01 2023-06-30 00853375 d:PlantMachinery 2023-06-30 00853375 d:PlantMachinery 2022-06-30 00853375 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 00853375 d:MotorVehicles 2022-07-01 2023-06-30 00853375 d:FurnitureFittings 2022-07-01 2023-06-30 00853375 d:FurnitureFittings 2023-06-30 00853375 d:FurnitureFittings 2022-06-30 00853375 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 00853375 d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 00853375 d:CurrentFinancialInstruments 2023-06-30 00853375 d:CurrentFinancialInstruments 2022-06-30 00853375 d:Non-currentFinancialInstruments 2023-06-30 00853375 d:Non-currentFinancialInstruments 2022-06-30 00853375 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 00853375 d:CurrentFinancialInstruments d:WithinOneYear 2022-06-30 00853375 d:Non-currentFinancialInstruments d:AfterOneYear 2023-06-30 00853375 d:Non-currentFinancialInstruments d:AfterOneYear 2022-06-30 00853375 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-06-30 00853375 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-06-30 00853375 d:UKTax 2022-07-01 2023-06-30 00853375 d:UKTax 2021-07-01 2022-06-30 00853375 d:ShareCapital 2022-07-01 2023-06-30 00853375 d:ShareCapital 2023-06-30 00853375 d:ShareCapital 2021-07-01 2022-06-30 00853375 d:ShareCapital 2022-06-30 00853375 d:ShareCapital 2021-07-01 00853375 d:RevaluationReserve 2022-07-01 2023-06-30 00853375 d:RevaluationReserve 2023-06-30 00853375 d:RevaluationReserve 2021-07-01 2022-06-30 00853375 d:RevaluationReserve 2022-06-30 00853375 d:RevaluationReserve 2021-07-01 00853375 d:OtherMiscellaneousReserve 2022-07-01 2023-06-30 00853375 d:OtherMiscellaneousReserve 2023-06-30 00853375 d:OtherMiscellaneousReserve 2021-07-01 2022-06-30 00853375 d:OtherMiscellaneousReserve 2022-06-30 00853375 d:OtherMiscellaneousReserve 2021-07-01 00853375 d:RetainedEarningsAccumulatedLosses 2022-07-01 2023-06-30 00853375 d:RetainedEarningsAccumulatedLosses 2023-06-30 00853375 d:RetainedEarningsAccumulatedLosses 2021-07-01 2022-06-30 00853375 d:RetainedEarningsAccumulatedLosses 2022-06-30 00853375 d:RetainedEarningsAccumulatedLosses 2021-07-01 00853375 c:FRS102 2022-07-01 2023-06-30 00853375 c:AuditExemptWithAccountantsReport 2022-07-01 2023-06-30 00853375 c:FullAccounts 2022-07-01 2023-06-30 00853375 c:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 00853375 d:HirePurchaseContracts d:WithinOneYear 2023-06-30 00853375 d:HirePurchaseContracts d:WithinOneYear 2022-06-30 00853375 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-06-30 00853375 d:HirePurchaseContracts d:BetweenOneFiveYears 2022-06-30 00853375 2 2022-07-01 2023-06-30 00853375 5 2022-07-01 2023-06-30 00853375 d:AcceleratedTaxDepreciationDeferredTax 2023-06-30 00853375 d:AcceleratedTaxDepreciationDeferredTax 2022-06-30 00853375 d:OtherDeferredTax 2023-06-30 00853375 d:OtherDeferredTax 2022-06-30 00853375 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2023-06-30 00853375 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2022-06-30 00853375 d:LeasedAssetsHeldAsLessee 2023-06-30 00853375 d:LeasedAssetsHeldAsLessee 2022-06-30 iso4217:GBP xbrli:pure

Registered number: 00853375









ALBE (ENGLAND) LIMITED







UNAUDITED

DIRECTORS' REPORT AND FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 JUNE 2023

 
ALBE (ENGLAND) LIMITED
 

CONTENTS



Page
Directors' Report
1 - 2
Accountants' Report
3
Statement of Financial Position
4 - 5
Statement of Changes in Equity
6
Notes to the Financial Statements
7 - 17


 
ALBE (ENGLAND) LIMITED
 
 
 
DIRECTORS' REPORT
FOR THE YEAR ENDED 30 JUNE 2023

The directors present their report and the financial statements for the year ended 30 June 2023.

Principal activity

The principal activity of the company continues to be that of the manufacture of tungsten carbide components.

Directors

The directors who served during the year were:

T D Roff 
N Roff 

Directors' responsibilities statement

The directors are responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulations.
 
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of the profit or loss of the Company for that period.

 In preparing these financial statements, the directors are required to:


select suitable accounting policies for the Company's financial statements and then apply them consistently;

make judgments and accounting estimates that are reasonable and prudent;

state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;

prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and to enable them to ensure that the financial statements comply with the Companies Act 2006They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Page 1

 
ALBE (ENGLAND) LIMITED
 
 
 
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2023


Small companies note

In preparing this report, the directors have taken advantage of the small companies exemptions provided by section 415A of the Companies Act 2006.

This report was approved by the board and signed on its behalf.
 





N Roff
Director

Date: 1 February 2024

Page 2

 
ALBE (ENGLAND) LIMITED
 
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF ALBE (ENGLAND) LIMITED
FOR THE YEAR ENDED 30 JUNE 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Albe (England) Limited for the year ended 30 June 2023 which comprise  the Statement of Financial Position, the Statement of Changes in Equity and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the Board of Directors of Albe (England) Limited, as a body, in accordance with the terms of our engagement letter dated 26th June 2013Our work has been undertaken solely to prepare for your approval the financial statements of Albe (England) Limited  and state those matters that we have agreed to state to the Board of Directors of Albe (England) Limited, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Albe (England) Limited and its Board of Directors, as a body, for our work or for this report. 

It is your duty to ensure that Albe (England) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Albe (England) Limited. You consider that Albe (England) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Albe (England) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



Gibson Appleby
 
1-3 Ship Street
Shoreham-by-Sea
West Sussex
BN43 5DH
13 February 2024
Page 3

 
ALBE (ENGLAND) LIMITED
REGISTERED NUMBER: 00853375

STATEMENT OF FINANCIAL POSITION
AS AT 30 JUNE 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 5 
1,211,721
1,249,971

  
1,211,721
1,249,971

Current assets
  

Stocks
  
183,585
108,570

Debtors: amounts falling due within one year
 6 
333,270
191,647

Cash at bank and in hand
 7 
99,513
105,614

  
616,368
405,831

Creditors: amounts falling due within one year
 8 
(517,356)
(298,009)

Net current assets
  
 
 
99,012
 
 
107,822

Total assets less current liabilities
  
1,310,733
1,357,793

Creditors: amounts falling due after more than one year
 9 
(36,576)
(113,123)

Provisions for liabilities
  

Deferred tax
 12 
(208,002)
(197,125)

  
 
 
(208,002)
 
 
(197,125)

Net assets
  
1,066,155
1,047,545

Page 4

 
ALBE (ENGLAND) LIMITED
REGISTERED NUMBER: 00853375
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 JUNE 2023

2023
2022
Note
£
£

Capital and reserves
  

Called up share capital 
  
26,881
26,881

Revaluation reserve
  
1,150,747
1,150,747

Other reserves
  
4,949
4,949

Profit and loss account
  
(116,422)
(135,032)

  
1,066,155
1,047,545


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 





T D Roff
Director

Date: 1 February 2024

The notes on pages 7 to 17 form part of these financial statements.

Page 5

 
ALBE (ENGLAND) LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 JUNE 2023


Called up share capital
Revaluation reserve
Other reserves
Profit and loss account
Total equity

£
£
£
£
£

At 1 July 2022
26,881
1,150,747
4,949
(135,032)
1,047,545


Comprehensive income for the year

Profit for the year
-
-
-
18,610
18,610


Other comprehensive income for the year
-
-
-
-
-


Total comprehensive income for the year
-
-
-
18,610
18,610


Total transactions with owners
-
-
-
-
-


At 30 June 2023
26,881
1,150,747
4,949
(116,422)
1,066,155


The notes on pages 7 to 17 form part of these financial statements.


STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 JUNE 2022


Called up share capital
Revaluation reserve
Other reserves
Profit and loss account
Total equity

£
£
£
£
£

At 1 July 2021
26,881
1,150,747
4,949
(58,534)
1,124,043


Comprehensive income for the year

Loss for the year
-
-
-
(76,498)
(76,498)


Other comprehensive income for the year
-
-
-
-
-


Total comprehensive income for the year
-
-
-
(76,498)
(76,498)


Total transactions with owners
-
-
-
-
-


At 30 June 2022
26,881
1,150,747
4,949
(135,032)
1,047,545


The notes on pages 7 to 17 form part of these financial statements.

Page 6

 
ALBE (ENGLAND) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1.


General information

Albe (England) Limited is a private company, limited by shares, registered in England and Wales. 
The registered office is 51 Bideford Avenue, Perivale, Greenford, Middlesex UB6 7PR and registered number is 00853375.  

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 7

 
ALBE (ENGLAND) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

2.Accounting policies (continued)


2.3
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the following rates.

Depreciation is provided on the following basis:

Freehold property
-
2%
straight line
Plant & machinery
-
10%
reducing balance
Motor vehicles
-
20%
straight line
Fixtures & fittings
-
10%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.4

Revaluation of tangible fixed assets

Individual freehold and leasehold properties are carried at current year value at fair value at the date of the revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Revaluations are undertaken with sufficient regularity to ensure the carrying amount does not differ materially from that which would be determined using fair value at the Statement of financial position date.
Fair values are determined from market based evidence normally undertaken by the directors.

 
2.5

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Page 8

 
ALBE (ENGLAND) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

2.Accounting policies (continued)

 
2.8

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.10

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

 
2.11

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.12

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.13

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 9

 
ALBE (ENGLAND) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

2.Accounting policies (continued)

 
2.14

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.15

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the reporting date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Statement of Financial Position.

 
2.16

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.


3.


Employees

The average monthly number of employees, including directors, during the year was 17 (2022 - 17).

Page 10

 
ALBE (ENGLAND) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

4.


Taxation


2023
2022
£
£

Corporation tax


Current tax on profits for the year
14,495
(10,816)

Adjustments in respect of previous periods
-
247


14,495
(10,569)


Total current tax
14,495
(10,569)

Deferred tax


Origination and reversal of timing differences
10,877
(413)

Total deferred tax
10,877
(413)


Taxation on profit/(loss) on ordinary activities
25,372
(10,982)

Factors affecting tax charge for the year

There were no factors that affected the tax charge for the year which has been calculated on the      profits on ordinary activities before tax at the standard rate of corporation tax in the UK of 25% (2022 - 19%).



Factors that may affect future tax charges

There were no factors that may affect future tax charges.

Page 11

 
ALBE (ENGLAND) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

5.


Tangible fixed assets





Freehold property
Plant & machinery
Fixtures & fittings
Total

£
£
£
£



Cost or valuation


At 1 July 2022
1,350,000
643,459
67,020
2,060,479



At 30 June 2023

1,350,000
643,459
67,020
2,060,479



Depreciation


At 1 July 2022
212,531
546,653
51,323
810,507


Charge for the year on owned assets
27,000
9,681
1,570
38,251



At 30 June 2023

239,531
556,334
52,893
848,758



Net book value



At 30 June 2023
1,110,469
87,125
14,127
1,211,721



At 30 June 2022
1,137,469
96,805
15,697
1,249,971

Page 12

 
ALBE (ENGLAND) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

           5.Tangible fixed assets (continued)

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


2023
2022
£
£



Plant and machinery
94,478
104,976

94,478
104,976

The land and buildings were revalued on 24 March 2021 by Vokins Chartered Surveyors on an open market and existing use basis.
A deferred taxation provision has been provided on the revaluation gain.

Page 13

 
ALBE (ENGLAND) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

           5.Tangible fixed assets (continued)

If the land and buildings had not been included at valuation they would have been included under the historical cost convention as follows:

2023
2022
£
£



Cost
149,199
149,199

Accumulated depreciation
(57,887)
(54,903)

Net book value
91,312
94,296

Page 14

 
ALBE (ENGLAND) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

6.


Debtors

2023
2022
£
£


Trade debtors
242,612
111,937

Amounts owed by group undertakings
61,231
61,931

Other debtors
29,427
17,779

333,270
191,647



7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
99,513
105,614

99,513
105,614



8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
52,500
52,500

Trade creditors
191,065
68,246

Corporation tax
14,495
-

Other taxation and social security
20,350
35,515

Obligations under finance lease and hire purchase contracts
23,750
23,750

Other creditors
208,446
111,248

Accruals and deferred income
6,750
6,750

517,356
298,009


Page 15

 
ALBE (ENGLAND) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

9.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
13,125
65,623

Net obligations under finance leases and hire purchase contracts
23,451
47,500

36,576
113,123



10.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
52,500
52,500


52,500
52,500

Amounts falling due 1-2 years

Bank loans
13,125
65,625


13,125
65,625



65,625
118,125



11.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2023
2022
£
£


Within one year
23,750
23,750

Between 1-5 years
23,451
47,500

47,201
71,250

Page 16

 
ALBE (ENGLAND) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

12.


Deferred taxation




2023


£






At beginning of year
(197,125)


Charged to profit or loss
(10,877)



At end of year
(208,002)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Brought forward
(197,125)
(197,538)

Accelerated capital allowances
(10,877)
413

(208,002)
(197,125)


13.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £31,715 (2022 - £31,628). Contributions totalling £Nil (2021 - £Nil) were payable to the fund at the balance sheet date


14.


Controlling party

The ultimate parent company is Albe (Holdings) Limited, a company incorporated in England and Wales.
The registered office and principal place of business is 51 Bideford Avenue, Perivale, UB6 7PR
The company is exempt from producing consolidated accounts.

 
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