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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
Page
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Albay Bakery Limited Company Information for the year ended 30 June 2023
Director
Mr M A Albay
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
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Albay Bakery Limited Statement of financial position as at 30 June 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
920 
940 
Tangible assets
20,536 
23,019 
21,456 
23,959 
Current assets
Inventories
676 
1,685 
Debtors
40,820 
42,820 
Cash at bank and in hand
2,058 
2,722 
43,554 
47,227 
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)
Net assets
20,588 
20,397 
Capital and reserves
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
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Albay Bakery Limited Notes to the Accounts for the year ended 30 June 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Inventories
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.
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Albay Bakery Limited Notes to the Accounts for the year ended 30 June 2023
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 July 2022
1,000 
At 30 June 2023
1,000 
Amortisation
At 1 July 2022
60 
Charge for the year
20 
At 30 June 2023
80 
Net book value
At 30 June 2023
920 
At 30 June 2022
940 
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 
Depreciation
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 
Net book value
At 30 June 2023
11,399 
9,137 
20,536 
At 30 June 2022
13,299 
9,720 
23,019 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Other debtors
36,400 
38,400 
Amounts falling due after more than one year
Other debtors
4,420 
4,420 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
10,000 
10,000 
VAT
(982)
(859)
Taxes and social security
2,905 
2,448 
Loans from directors
10 
585 
11,933 
12,174 
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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 
£ 
£ 
Bank loans
32,489 
38,615 
9
Share capital
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).
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