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REGISTERED NUMBER: 03384448 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2023

for

Albion Systems Limited

Albion Systems Limited (Registered number: 03384448)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Albion Systems Limited

Company Information
for the Year Ended 30 November 2023







DIRECTORS: Mr C D Harrison
Mr K K Ramsden





SECRETARY: Mrs S A Harrison





REGISTERED OFFICE: Albion House
1A Bold Street
Altrincham
Cheshire
WA14 2ER





REGISTERED NUMBER: 03384448 (England and Wales)





ACCOUNTANTS: Harris & Co Limited
Chartered Accountants
Marland House
13 Huddersfield Road
Barnsley
South Yorkshire
S70 2LW

Albion Systems Limited (Registered number: 03384448)

Balance Sheet
30 November 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 - -
Tangible assets 6 11,661 13,411
11,661 13,411

CURRENT ASSETS
Stocks 48,057 46,304
Debtors 7 239,717 224,670
Cash at bank and in hand 268,364 302,905
556,138 573,879
CREDITORS
Amounts falling due within one year 8 228,267 225,378
NET CURRENT ASSETS 327,871 348,501
TOTAL ASSETS LESS CURRENT
LIABILITIES

339,532

361,912

PROVISIONS FOR LIABILITIES 808 1,193
NET ASSETS 338,724 360,719

CAPITAL AND RESERVES
Called up share capital 10 750 750
Share premium 17,000 17,000
Capital redemption reserve 250 250
Retained earnings 320,724 342,719
SHAREHOLDERS' FUNDS 338,724 360,719

Albion Systems Limited (Registered number: 03384448)

Balance Sheet - continued
30 November 2023


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

The members have not required the Company to obtain an audit of its financial statements for the year ended 30 November 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.

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 Board of Directors and authorised for issue on 20 February 2024 and were signed on its behalf by:





Mr C D Harrison - Director


Albion Systems Limited (Registered number: 03384448)

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

1. STATUTORY INFORMATION

Albion Systems 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.

The presentation and functional currency of the financial statements is the Pound Sterling (£).

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared on a going concern basis under the historical cost convention.

Significant judgements and estimates
The principal accounting policies and significant judgements and estimates applied in the preparation of these financial statements are set out below. These policies, judgements and estimates have been consistently applied to all years presented unless otherwise stated.

Turnover
Turnover represents amounts earned on goods and services provided during the year and derives from the provision of goods and services falling within the company's ordinary activities.

Goodwill
Amortisation is calcluated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Goodwill - written off in full in the year of acquisition

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.
Short leasehold - Over the life of the lease straight line
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 15% on reducing balance

All fixed assets are initially recorded at cost.

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


Albion Systems Limited (Registered number: 03384448)

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

3. ACCOUNTING POLICIES - continued
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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Hire purchase and leasing commitments
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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 6 ) .

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 December 2022
and 30 November 2023 17,132
AMORTISATION
At 1 December 2022
and 30 November 2023 17,132
NET BOOK VALUE
At 30 November 2023 -
At 30 November 2022 -

Albion Systems Limited (Registered number: 03384448)

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

6. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 December 2022 7,462 110,482 117,944
Additions - 713 713
At 30 November 2023 7,462 111,195 118,657
DEPRECIATION
At 1 December 2022 7,462 97,071 104,533
Charge for year - 2,463 2,463
At 30 November 2023 7,462 99,534 106,996
NET BOOK VALUE
At 30 November 2023 - 11,661 11,661
At 30 November 2022 - 13,411 13,411

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 219,717 219,170
Other debtors 20,000 5,500
239,717 224,670

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 150,758 128,008
Taxation and social security 54,729 73,182
Other creditors 22,780 24,188
228,267 225,378

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 8,441 12,791
Between one and five years - 8,441
8,441 21,232

Albion Systems Limited (Registered number: 03384448)

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

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
563 Ordinary £1 563 563
187 A Ordinary £1 187 187
750 750

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 November 2023 and 30 November 2022:

2023 2022
£    £   
Mr C D Harrison
Balance outstanding at start of year - 3,000
Amounts advanced 10,000 -
Amounts repaid - (3,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 10,000 -

Mr K K Ramsden
Balance outstanding at start of year 5,500 9,500
Amounts advanced 10,000 5,500
Amounts repaid (5,500 ) (9,500 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 10,000 5,500

The advances and credits were charged at the official rate of interest where a benefit in kind would otherwise arise.