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REGISTERED NUMBER: SC153569 (Scotland)











Unaudited Financial Statements for the Year Ended 31st October 2023

for

Alba Printers Ltd.

Alba Printers Ltd. (Registered number: SC153569)






Contents of the Financial Statements
for the Year Ended 31st October 2023




Page

Company Information 1

Statement of Financial Position 2 to 3

Notes to the Financial Statements 4 to 6


Alba Printers Ltd.

Company Information
for the Year Ended 31st October 2023







DIRECTOR: J Currie





SECRETARY: Mrs C Currie





REGISTERED OFFICE: 1 St Michael Street
Dumfries
DUMFRIESSHIRE
DG1 2QD





REGISTERED NUMBER: SC153569 (Scotland)





ACCOUNTANTS: Farries Kirk & McVean
Dumfries Enterprise Park
Heathhall
Dumfries
DUMFRIESSHIRE
DG1 3SJ

Alba Printers Ltd. (Registered number: SC153569)

Statement of Financial Position
31st October 2023

2023 2022
Notes £    £   
FIXED ASSETS
Intangible assets 4 - 2,000
Tangible assets 5 259,840 197,540
Investments 6 1,094,646 1,069,098
Investment property 7 151,890 151,890
1,506,376 1,420,528

CURRENT ASSETS
Stocks 30,000 30,000
Debtors 8 146,573 115,182
Cash at bank and in hand 1,825,487 2,221,231
2,002,060 2,366,413
CREDITORS
Amounts falling due within one year 9 (143,723 ) (356,572 )
NET CURRENT ASSETS 1,858,337 2,009,841
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,364,713

3,430,369

CREDITORS
Amounts falling due after more than one year 10 (42,705 ) -

PROVISIONS FOR LIABILITIES (28,491 ) (24,456 )
NET ASSETS 3,293,517 3,405,913

CAPITAL AND RESERVES
Called up share capital 15,000 15,000
Retained earnings 3,278,517 3,390,913
3,293,517 3,405,913

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st October 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Alba Printers Ltd. (Registered number: SC153569)

Statement of Financial Position - continued
31st October 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 6th March 2024 and were signed by:





J Currie - Director


Alba Printers Ltd. (Registered number: SC153569)

Notes to the Financial Statements
for the Year Ended 31st October 2023

1. STATUTORY INFORMATION

Alba Printers Ltd. is a private company, limited by shares , registered in Scotland. 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 as modified by the revaluation of certain assets.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of five years.

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.
Plant and machinery etc - 25% on cost, 25% on reducing balance, 20% on cost and 10% on cost

Amounts written off each asset over the estimated useful life represent cost less residual value.

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

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.

Alba Printers Ltd. (Registered number: SC153569)

Notes to the Financial Statements - continued
for the Year Ended 31st October 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2022 - 13 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st November 2022
and 31st October 2023 10,000
AMORTISATION
At 1st November 2022 8,000
Charge for year 2,000
At 31st October 2023 10,000
NET BOOK VALUE
At 31st October 2023 -
At 31st October 2022 2,000

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st November 2022 1,174,209
Additions 182,812
Disposals (48,456 )
At 31st October 2023 1,308,565
DEPRECIATION
At 1st November 2022 976,669
Charge for year 94,287
Eliminated on disposal (22,231 )
At 31st October 2023 1,048,725
NET BOOK VALUE
At 31st October 2023 259,840
At 31st October 2022 197,540

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1st November 2022 1,069,098
Disposals (15,000 )
Revaluations 40,548
At 31st October 2023 1,094,646
NET BOOK VALUE
At 31st October 2023 1,094,646
At 31st October 2022 1,069,098


Alba Printers Ltd. (Registered number: SC153569)

Notes to the Financial Statements - continued
for the Year Ended 31st October 2023

7. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st November 2022
and 31st October 2023 151,890
NET BOOK VALUE
At 31st October 2023 151,890
At 31st October 2022 151,890

The Director believes this remains a reasonable valuation of the property and has not obtained a more recent valuation.

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 126,939 109,568
Other debtors 19,634 5,614
146,573 115,182

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts - 6,111
Trade creditors 49,711 100,000
Taxation and social security 18,354 158,413
Other creditors 75,658 92,048
143,723 356,572

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Other creditors 42,705 -

Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal 17,705 -

11. RELATED PARTY DISCLOSURES

As 31st October 2023 the company owed the director £64,500 (2022 - £86,250) by way of an interest free directors loan account.