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Registered Number: 12131714
England and Wales

 

 

 

ALBSTAR DEVELOPMENT LTD


Abridged Accounts
 


Period of accounts

Start date: 01 July 2022

End date: 30 June 2023
Accountants report You consider that the company is exempt from an audit for the year ended 30 June 2023 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year. In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us. We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts. 



....................................................
Akhter's Limited Accountants and Business Advisors
Akhter House
64 Castle Boulevard
Nottingham
NG7 1FN
15 March 2024
1
 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Tangible fixed assets 3 137,650    139,421 
137,650    139,421 
Current assets      
Debtors 37,866    71,042 
Cash at bank and in hand 35,623    5,822 
73,489    76,864 
Creditors: amount falling due within one year (42,974)   (57,142)
Net current assets 30,515    19,722 
 
Total assets less current liabilities 168,165    159,143 
Creditors: amount falling due after more than one year (29,167)   (39,167)
Net assets 138,998    119,976 
 

Capital and reserves
     
Called up share capital 4 100    100 
Profit and loss account 138,898    119,876 
Shareholder's funds 138,998    119,976 
 


For the year ended 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. In accordance with Section 444 of the Companies Act 2006 the profit and loss account has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the board of directors on 15 March 2024 and were signed on its behalf by:


-------------------------------
Mr Aurel Capo
Director
2
General Information
Albstar Development Ltd is a private company, limited by shares, registered in England and Wales, registration number 12131714, registration address 1 Gin Close Way, Awsworth, Nottingham, NG16 2TA.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants received towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 18% Reducing Balance
Motor Vehicles 18% Reducing Balance
2.

Average number of employees

Average number of employees during the year was 2 (2022 : 2).
3.

Tangible fixed assets

Cost or valuation Plant and Machinery   Motor Vehicles   Investment properties   Total
  £   £   £   £
At 01 July 2022 1,047    10,000    129,585    140,632 
Additions      
Disposals      
At 30 June 2023 1,047    10,000    129,585    140,632 
Depreciation
At 01 July 2022 423    788      1,211 
Charge for year 113    1,658      1,771 
On disposals      
At 30 June 2023 536    2,446      2,982 
Net book values
Closing balance as at 30 June 2023 511    7,554    129,585    137,650 
Opening balance as at 01 July 2022 624    9,212    129,585    139,421 


4.

Share Capital

Allotted, called up and fully paid
2023
£
  2022
£
100 Ordinary shares of £1.00 each 100    100 
100    100 

3