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REGISTERED NUMBER: 03192528 (England and Wales)















Financial Statements for the Year Ended 30 April 2023

for

ALBION WINDOWS & CONSERVATORIES LIMITED

ALBION WINDOWS & CONSERVATORIES LIMITED (Registered number: 03192528)






Contents of the Financial Statements
for the Year Ended 30 April 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ALBION WINDOWS & CONSERVATORIES LIMITED

Company Information
for the Year Ended 30 April 2023







DIRECTORS: J .S ELSE
MRS H ELSE





SECRETARY: MRS H ELSE





REGISTERED OFFICE: 295 LOWER ADDISCOMBE ROAD
CROYDON
Surrey
CR0 6RE





REGISTERED NUMBER: 03192528 (England and Wales)





ACCOUNTANTS: A.B.K ACCOUNTANCY SERVICES
59 ASHEN GROVE
WIMBLEDON PARK
London
SW19 8BL

ALBION WINDOWS & CONSERVATORIES LIMITED (Registered number: 03192528)

Balance Sheet
30 April 2023

30.4.23 30.4.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 39,502 54,955
Investment property 6 1,135,997 1,135,997
1,175,499 1,190,952

CURRENT ASSETS
Stocks 7 326,232 403,617
Debtors 8 402,059 364,319
Cash at bank and in hand 599,892 349,652
1,328,183 1,117,588
CREDITORS
Amounts falling due within one year 9 488,244 540,140
NET CURRENT ASSETS 839,939 577,448
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,015,438

1,768,400

CREDITORS
Amounts falling due after more than one
year

10

327,566

300,848
NET ASSETS 1,687,872 1,467,552

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 1,686,872 1,466,552
SHAREHOLDERS' FUNDS 1,687,872 1,467,552

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

ALBION WINDOWS & CONSERVATORIES LIMITED (Registered number: 03192528)

Balance Sheet - continued
30 April 2023


The 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 January 2024 and were signed on its behalf by:





J .S ELSE - Director


ALBION WINDOWS & CONSERVATORIES LIMITED (Registered number: 03192528)

Notes to the Financial Statements
for the Year Ended 30 April 2023

1. STATUTORY INFORMATION

ALBION WINDOWS & CONSERVATORIES LIMITED is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Motor vehicles - 25% on cost
Computer equipment - 25% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 5 ) .

ALBION WINDOWS & CONSERVATORIES LIMITED (Registered number: 03192528)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2022
and 30 April 2023 6,000
AMORTISATION
At 1 May 2022
and 30 April 2023 6,000
NET BOOK VALUE
At 30 April 2023 -
At 30 April 2022 -

5. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 May 2022
and 30 April 2023 336,407 15,768 352,175
DEPRECIATION
At 1 May 2022 281,452 15,768 297,220
Charge for year 15,453 - 15,453
At 30 April 2023 296,905 15,768 312,673
NET BOOK VALUE
At 30 April 2023 39,502 - 39,502
At 30 April 2022 54,955 - 54,955

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 May 2022
and 30 April 2023 246,712
DEPRECIATION
At 1 May 2022 226,158
Charge for year 6,852
At 30 April 2023 233,010
NET BOOK VALUE
At 30 April 2023 13,702
At 30 April 2022 20,554

ALBION WINDOWS & CONSERVATORIES LIMITED (Registered number: 03192528)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2022
and 30 April 2023 1,135,997
NET BOOK VALUE
At 30 April 2023 1,135,997
At 30 April 2022 1,135,997

7. STOCKS
30.4.23 30.4.22
£    £   
Stock & WIP 119,446 118,244
Work-in-progress 206,786 285,373
326,232 403,617

8. DEBTORS
30.4.23 30.4.22
£    £   
Amounts falling due within one year:
Trade debtors 66,906 24,380
Prepayments 13,451 18,237
80,357 42,617

Amounts falling due after more than one year:
Amounts recoverable on contract 321,702 321,702

Aggregate amounts 402,059 364,319

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Trade creditors 144,509 323,659
Tax 56,493 26,785
Social security and other taxes 8,560 15,105
VAT 45,988 39,333
Customers deposits 96,786 64,868
Directors' current accounts 93,056 31,420
Accruals 42,852 38,970
488,244 540,140

ALBION WINDOWS & CONSERVATORIES LIMITED (Registered number: 03192528)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.23 30.4.22
£    £   
Bank loans - 2-5 years 29,779 40,707
Investment Liability 259,813 228,230
Hire purchase contracts 37,974 31,911
327,566 300,848

Amounts falling due in more than five years:

Repayable by instalments
Investment Liability 259,813 228,230

11. RELATED PARTY DISCLOSURES

During the year the company paid rent to the directors Mr J.Else and Mrs H.Else amounting to £48000 (2022
£48000)