2022-06-012023-05-312023-05-31false10691543ALBARAM LIMITED2024-02-12iso4217:GBPxbrli:pure106915432022-06-01106915432023-05-31106915432022-06-012023-05-31106915432021-06-01106915432022-05-31106915432021-06-012022-05-3110691543bus:SmallEntities2022-06-012023-05-3110691543bus:AuditExempt-NoAccountantsReport2022-06-012023-05-3110691543bus:FullAccounts2022-06-012023-05-3110691543bus:PrivateLimitedCompanyLtd2022-06-012023-05-3110691543core:WithinOneYear2023-05-3110691543core:AfterOneYear2023-05-3110691543core:WithinOneYear2022-05-3110691543core:AfterOneYear2022-05-3110691543core:ShareCapital2023-05-3110691543core:SharePremium2023-05-3110691543core:RevaluationReserve2023-05-3110691543core:OtherReservesSubtotal2023-05-3110691543core:RetainedEarningsAccumulatedLosses2023-05-3110691543core:ShareCapital2022-05-3110691543core:SharePremium2022-05-3110691543core:RevaluationReserve2022-05-3110691543core:OtherReservesSubtotal2022-05-3110691543core:RetainedEarningsAccumulatedLosses2022-05-3110691543core:LandBuildings2023-05-3110691543core:PlantMachinery2023-05-3110691543core:Vehicles2023-05-3110691543core:FurnitureFittings2023-05-3110691543core:OfficeEquipment2023-05-3110691543core:NetGoodwill2023-05-3110691543core:IntangibleAssetsOtherThanGoodwill2023-05-3110691543core:ListedExchangeTraded2023-05-3110691543core:UnlistedNon-exchangeTraded2023-05-3110691543core:LandBuildings2022-05-3110691543core:PlantMachinery2022-05-3110691543core:Vehicles2022-05-3110691543core:FurnitureFittings2022-05-3110691543core:OfficeEquipment2022-05-3110691543core:NetGoodwill2022-05-3110691543core:IntangibleAssetsOtherThanGoodwill2022-05-3110691543core:ListedExchangeTraded2022-05-3110691543core:UnlistedNon-exchangeTraded2022-05-3110691543core:LandBuildings2022-06-012023-05-3110691543core:PlantMachinery2022-06-012023-05-3110691543core:Vehicles2022-06-012023-05-3110691543core:FurnitureFittings2022-06-012023-05-3110691543core:OfficeEquipment2022-06-012023-05-3110691543core:NetGoodwill2022-06-012023-05-3110691543core:IntangibleAssetsOtherThanGoodwill2022-06-012023-05-3110691543core:ListedExchangeTraded2022-06-012023-05-3110691543core:UnlistedNon-exchangeTraded2022-06-012023-05-3110691543core:MoreThanFiveYears2022-06-012023-05-3110691543core:Non-currentFinancialInstruments2023-05-3110691543core:Non-currentFinancialInstruments2022-05-3110691543dpl:CostSales2022-06-012023-05-3110691543dpl:DistributionCosts2022-06-012023-05-3110691543core:LandBuildings2022-06-012023-05-3110691543core:PlantMachinery2022-06-012023-05-3110691543core:Vehicles2022-06-012023-05-3110691543core:FurnitureFittings2022-06-012023-05-3110691543core:OfficeEquipment2022-06-012023-05-3110691543dpl:AdministrativeExpenses2022-06-012023-05-3110691543core:NetGoodwill2022-06-012023-05-3110691543core:IntangibleAssetsOtherThanGoodwill2022-06-012023-05-3110691543dpl:GroupUndertakings2022-06-012023-05-3110691543dpl:ParticipatingInterests2022-06-012023-05-3110691543dpl:GroupUndertakingscore:ListedExchangeTraded2022-06-012023-05-3110691543core:ListedExchangeTraded2022-06-012023-05-3110691543dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-06-012023-05-3110691543core:UnlistedNon-exchangeTraded2022-06-012023-05-3110691543dpl:CostSales2021-06-012022-05-3110691543dpl:DistributionCosts2021-06-012022-05-3110691543core:LandBuildings2021-06-012022-05-3110691543core:PlantMachinery2021-06-012022-05-3110691543core:Vehicles2021-06-012022-05-3110691543core:FurnitureFittings2021-06-012022-05-3110691543core:OfficeEquipment2021-06-012022-05-3110691543dpl:AdministrativeExpenses2021-06-012022-05-3110691543core:NetGoodwill2021-06-012022-05-3110691543core:IntangibleAssetsOtherThanGoodwill2021-06-012022-05-3110691543dpl:GroupUndertakings2021-06-012022-05-3110691543dpl:ParticipatingInterests2021-06-012022-05-3110691543dpl:GroupUndertakingscore:ListedExchangeTraded2021-06-012022-05-3110691543core:ListedExchangeTraded2021-06-012022-05-3110691543dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-06-012022-05-3110691543core:UnlistedNon-exchangeTraded2021-06-012022-05-3110691543core:NetGoodwill2023-05-3110691543core:IntangibleAssetsOtherThanGoodwill2023-05-3110691543core:LandBuildings2023-05-3110691543core:PlantMachinery2023-05-3110691543core:Vehicles2023-05-3110691543core:FurnitureFittings2023-05-3110691543core:OfficeEquipment2023-05-3110691543core:AfterOneYear2023-05-3110691543core:WithinOneYear2023-05-3110691543core:ListedExchangeTraded2023-05-3110691543core:UnlistedNon-exchangeTraded2023-05-3110691543core:ShareCapital2023-05-3110691543core:SharePremium2023-05-3110691543core:RevaluationReserve2023-05-3110691543core:OtherReservesSubtotal2023-05-3110691543core:RetainedEarningsAccumulatedLosses2023-05-3110691543core:NetGoodwill2022-05-3110691543core:IntangibleAssetsOtherThanGoodwill2022-05-3110691543core:LandBuildings2022-05-3110691543core:PlantMachinery2022-05-3110691543core:Vehicles2022-05-3110691543core:FurnitureFittings2022-05-3110691543core:OfficeEquipment2022-05-3110691543core:AfterOneYear2022-05-3110691543core:WithinOneYear2022-05-3110691543core:ListedExch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ALBARAM LIMITED

Registered Number
10691543
(England and Wales)

Unaudited Financial Statements for the Year ended
31 May 2023

ALBARAM LIMITED
Company Information
for the year from 1 June 2022 to 31 May 2023

Director

LEBOFF, Jeremy Laurence

Company Secretary

LEBOFF, Amanda Louise

Registered Address

C/O Sobell Rhodes Llp The Kinetic Centre
Theobald Street
Elstree, Borehamwood
WD6 4PJ

Registered Number

10691543 (England and Wales)
ALBARAM LIMITED
Balance Sheet as at
31 May 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Intangible assets3330,381313,490
Tangible assets414,83415,590
345,215329,080
Current assets
Debtors4,1348,426
Cash at bank and on hand1,6933,327
5,82711,753
Creditors amounts falling due within one year5(69,045)(71,821)
Net current assets (liabilities)(63,218)(60,068)
Total assets less current liabilities281,997269,012
Creditors amounts falling due after one year6(164,114)(173,927)
Provisions for liabilities7(3,708)(2,962)
Net assets114,17592,123
Capital and reserves
Called up share capital100100
Profit and loss account114,07592,023
Shareholders' funds114,17592,123
The financial statements were approved and authorised for issue by the Director on 12 February 2024, and are signed on its behalf by:
LEBOFF, Jeremy Laurence
Director
Registered Company No. 10691543
ALBARAM LIMITED
Notes to the Financial Statements
for the year ended 31 May 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Going concern
Given the current costs of living challenges and interest rate rises, the director has assessed the viability of the company for 12 months from the date of approval of these financial statements and believes the preparation of them as a going concern is appropriate for the company.
Revenue from rendering of services
Turnover represents the company's share of profit from Sobell Rhodes LLP, a Limited Liability Partnership of which it is a member. Revenue is recognised when profits are irrevocably allocated in accordance with the underlying methodology of the LLP deed.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.
Intangible assets
Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made. Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows: Goodwill: Straight line basis until September 2050
Tangible fixed assets and depreciation
Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation. Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Reducing balance (%)Straight line (years)
Vehicles10-
Office Equipment-4
2.Average number of employees

20232022
Average number of employees during the year22
3.Intangible assets

Goodwill

Other

Total

£££
Cost or valuation
At 01 June 22334,67622,606357,282
Additions48,485-48,485
Revaluations-(21,335)(21,335)
At 31 May 23383,1611,271384,432
Amortisation and impairment
At 01 June 2243,792-43,792
Charge for year10,259-10,259
At 31 May 2354,051-54,051
Net book value
At 31 May 23329,1101,271330,381
At 31 May 22290,88422,606313,490
4.Tangible fixed assets

Vehicles

Office Equipment

Total

£££
Cost or valuation
At 01 June 2215,9331,69517,628
Additions14,875-14,875
Disposals(15,933)-(15,933)
At 31 May 2314,8751,69516,570
Depreciation and impairment
At 01 June 228961,1422,038
Charge for year326268594
On disposals(896)-(896)
At 31 May 233261,4101,736
Net book value
At 31 May 2314,54928514,834
At 31 May 2215,03755315,590
5.Creditors: amounts due within one year

2023

2022

££
Taxation and social security22,64330,028
Other creditors44,24240,348
Accrued liabilities and deferred income2,1601,445
Total69,04571,821
Creditors include secured bank loans of £32,228 (2022: £30,203).
6.Creditors: amounts due after one year

2023

2022

££
Bank borrowings and overdrafts128,976161,582
Other creditors35,13812,345
Total164,114173,927
Creditors include secured bank loans of £128,976 (2022: £161,582)
7.Provisions for liabilities

2023

2022

££
Net deferred tax liability (asset)3,7082,962
Total3,7082,962
8.Related party transactions
At the balance sheet date, the amount due to the director was £865 (2022: £2,163), this loan was provided interest-free and is payable upon demand.