Company Registration No. 12079631 (England and Wales)
Albay Bakery Limited
Unaudited accounts
for the year ended 30 June 2023
Albay Bakery Limited
Unaudited accounts
Contents
Albay Bakery Limited
Company Information
for the year ended 30 June 2023
Company Number
12079631 (England and Wales)
Registered Office
560 - 568 Ground Floor (Shop) High Road
Tottenham
London
N17 9TA
England
Accountants
DNG Associates
214 Baker Street
Enfield
London
EN1 3JT
Albay Bakery Limited
Statement of financial position
as at 30 June 2023
Tangible assets
20,536
23,019
Cash at bank and in hand
2,058
2,722
Creditors: amounts falling due within one year
(11,933)
(12,174)
Net current assets
31,621
35,053
Total assets less current liabilities
53,077
59,012
Creditors: amounts falling due after more than one year
(32,489)
(38,615)
Called up share capital
1
1
Profit and loss account
20,587
20,396
Shareholders' funds
20,588
20,397
For the year ending 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 23 February 2024 and were signed on its behalf by
Mr M A Albay
Director
Company Registration No. 12079631
Albay Bakery Limited
Notes to the Accounts
for the year ended 30 June 2023
Albay Bakery Limited is a private company, limited by shares, registered in England and Wales, registration number 12079631. The registered office and principal place of business is 560 - 568 Ground Floor (Shop) High Road, Tottenham, London, N17 9TA, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
10 years - straight Line
Motor vehicles
6% - reducing line method
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Albay Bakery Limited
Notes to the Accounts
for the year ended 30 June 2023
4
Intangible fixed assets
Goodwill
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 July 2022
18,999
11,000
29,999
At 30 June 2023
18,999
11,000
29,999
At 1 July 2022
5,700
1,280
6,980
Charge for the year
1,900
583
2,483
At 30 June 2023
7,600
1,863
9,463
At 30 June 2023
11,399
9,137
20,536
At 30 June 2022
13,299
9,720
23,019
Amounts falling due within one year
Other debtors
36,400
38,400
Amounts falling due after more than one year
7
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
10,000
10,000
Taxes and social security
2,905
2,448
Loans from directors
10
585
Albay Bakery Limited
Notes to the Accounts
for the year ended 30 June 2023
8
Creditors: amounts falling due after more than one year
2023
2022
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
10
Transactions with related parties
Included within other creditors is an amount of £10 (2022;£585) due to its directors. There are no terms as to interest or repayment in respect of this balance.
11
Average number of employees
During the year the average number of employees was 6 (2022: 5).