2 false false false false false false false false false false true false false false false false false No description of principal activity 2023-02-01 Sage Accounts Production Advanced 2023 - FRS102_2023 14,894 12,152 3,473 2,358 167 2,525 948 1,115 xbrli:pure xbrli:shares iso4217:GBP 09407775 2023-02-01 2024-01-31 09407775 2024-01-31 09407775 2023-01-31 09407775 2022-02-01 2023-01-31 09407775 2023-01-31 09407775 2022-01-31 09407775 bus:RegisteredOffice 2023-02-01 2024-01-31 09407775 bus:LeadAgentIfApplicable 2023-02-01 2024-01-31 09407775 bus:Director1 2023-02-01 2024-01-31 09407775 bus:Director2 2023-02-01 2024-01-31 09407775 core:WithinOneYear 2024-01-31 09407775 core:WithinOneYear 2023-01-31 09407775 core:RetainedEarningsAccumulatedLosses 2023-02-01 2024-01-31 09407775 core:RetainedEarningsAccumulatedLosses 2022-02-01 2023-01-31 09407775 core:RetainedEarningsAccumulatedLosses 2023-01-31 09407775 core:RetainedEarningsAccumulatedLosses 2022-01-31 09407775 core:RetainedEarningsAccumulatedLosses 2024-01-31 09407775 core:RetainedEarningsAccumulatedLosses 2023-01-31 09407775 core:ShareCapital 2024-01-31 09407775 core:ShareCapital 2023-01-31 09407775 bus:Director1 2023-01-31 09407775 bus:Director1 2024-01-31 09407775 bus:Director1 2022-01-31 09407775 bus:Director1 2023-01-31 09407775 bus:Director1 2022-02-01 2023-01-31 09407775 bus:SmallEntities 2023-02-01 2024-01-31 09407775 bus:AuditExemptWithAccountantsReport 2023-02-01 2024-01-31 09407775 bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 09407775 bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 09407775 bus:FullAccounts 2023-02-01 2024-01-31 09407775 core:OfficeEquipment 2023-02-01 2024-01-31 09407775 core:OfficeEquipment 2024-01-31 09407775 core:OfficeEquipment 2023-01-31
COMPANY REGISTRATION NUMBER: 09407775
ALBANY MARTIN LIMITED
Unaudited Financial Statements
31 January 2024
ALBANY MARTIN LIMITED
Financial Statements
Year ended 31 January 2024
Contents
Pages
Directors' report
1
Accountants report to the board of directors on the preparation of the unaudited statutory financial statements
2
Statement of income and retained earnings
3
Statement of financial position
4
Notes to the financial statements
5 to 7
ALBANY MARTIN LIMITED
Directors' Report
Year ended 31 January 2024
The directors present their report and the unaudited financial statements of the company for the year ended 31 January 2024 .
Directors
The directors who served the company during the year were as follows:
Mrs N Martin
Mr J Martin
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
This report was approved by the board of directors on 18 April 2024 and signed on behalf of the board by:
Mrs N Martin
Director
Registered office:
35 Churton Street
London
SW1V 2LT
ALBANY MARTIN LIMITED
Accountants Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of ALBANY MARTIN LIMITED
Year ended 31 January 2024
As described on the statement of financial position, the directors of the company are responsible for the preparation of the financial statements for the year ended 31 January 2024, which comprise the statement of income and retained earnings, statement of financial position and the related notes. You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.
BRADSHAW GOLD LTD Accountants
42 Kenilworth Drive Milton Keynes MK3 6AQ
18 April 2024
ALBANY MARTIN LIMITED
Statement of Income and Retained Earnings
Year ended 31 January 2024
2024
2023
Note
£
£
Turnover
51,099
48,764
--------
--------
Gross profit
51,099
48,764
Administrative expenses
32,672
33,715
--------
--------
Operating profit
18,427
15,049
--------
--------
Profit before taxation
5
18,427
15,049
Tax on profit
3,533
2,897
--------
--------
Profit for the financial year and total comprehensive income
14,894
12,152
--------
--------
Dividends paid and payable
( 15,000)
( 16,000)
Retained earnings at the start of the year
185
4,033
--------
--------
Retained earnings at the end of the year
79
185
--------
--------
All the activities of the company are from continuing operations.
ALBANY MARTIN LIMITED
Statement of Financial Position
31 January 2024
2024
2023
Note
£
£
£
Fixed assets
Tangible assets
6
948
1,115
Current assets
Cash at bank and in hand
21,959
14,133
Creditors: amounts falling due within one year
7
22,728
14,963
--------
--------
Net current liabilities
769
830
----
-------
Total assets less current liabilities
179
285
----
----
Net assets
179
285
----
----
Capital and reserves
Called up share capital
100
100
Profit and loss account
79
185
----
----
Shareholders funds
179
285
----
----
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 18 April 2024 , and are signed on behalf of the board by:
Mrs N Martin
Director
Company registration number: 09407775
ALBANY MARTIN LIMITED
Notes to the Financial Statements
Year ended 31 January 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 35 Churton Street, London, SW1V 2LT.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Office equipment
-
15% reducing balance
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2023: 2 ).
5. Profit before taxation
Profit before taxation is stated after charging:
2024
2023
£
£
Depreciation of tangible assets
167
197
----
----
6. Tangible assets
Equipment
Total
£
£
Cost
At 1 February 2023 and 31 January 2024
3,473
3,473
-------
-------
Depreciation
At 1 February 2023
2,358
2,358
Charge for the year
167
167
-------
-------
At 31 January 2024
2,525
2,525
-------
-------
Carrying amount
At 31 January 2024
948
948
-------
-------
At 31 January 2023
1,115
1,115
-------
-------
7. Creditors: amounts falling due within one year
2024
2023
£
£
Accruals and deferred income
2,613
2,513
Corporation tax
3,534
2,896
Social security and other taxes
1,668
80
Director loan accounts
14,913
9,474
--------
--------
22,728
14,963
--------
--------
8. Directors' advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2024
Balance brought forward
Amounts repaid
Balance outstanding
£
£
£
Mrs N Martin
( 9,474)
( 5,439)
( 14,913)
-------
-------
--------
2023
Balance brought forward
Amounts repaid
Balance outstanding
£
£
£
Mrs N Martin
( 64)
( 9,410)
( 9,474)
----
-------
-------