Caseware UK (AP4) 2023.0.135 2023.0.135 2023-11-302023-11-302022-12-01falseNo description of principal activity189truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 11071150 2022-12-01 2023-11-30 11071150 2021-12-01 2022-11-30 11071150 2023-11-30 11071150 2022-11-30 11071150 2021-12-01 11071150 1 2022-12-01 2023-11-30 11071150 d:Director1 2022-12-01 2023-11-30 11071150 d:Director2 2022-12-01 2023-11-30 11071150 d:Director3 2022-12-01 2023-11-30 11071150 d:Director4 2022-12-01 2023-11-30 11071150 d:RegisteredOffice 2022-12-01 2023-11-30 11071150 c:FurnitureFittings 2022-12-01 2023-11-30 11071150 c:FurnitureFittings 2023-11-30 11071150 c:FurnitureFittings 2022-11-30 11071150 c:FurnitureFittings c:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 11071150 c:OfficeEquipment 2022-12-01 2023-11-30 11071150 c:OfficeEquipment 2023-11-30 11071150 c:OfficeEquipment 2022-11-30 11071150 c:OfficeEquipment c:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 11071150 c:ComputerEquipment 2022-12-01 2023-11-30 11071150 c:ComputerEquipment 2023-11-30 11071150 c:ComputerEquipment 2022-11-30 11071150 c:ComputerEquipment c:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 11071150 c:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 11071150 c:CurrentFinancialInstruments 2023-11-30 11071150 c:CurrentFinancialInstruments 2022-11-30 11071150 c:Non-currentFinancialInstruments 2023-11-30 11071150 c:Non-currentFinancialInstruments 2022-11-30 11071150 c:CurrentFinancialInstruments c:WithinOneYear 2023-11-30 11071150 c:CurrentFinancialInstruments c:WithinOneYear 2022-11-30 11071150 c:Non-currentFinancialInstruments c:AfterOneYear 2023-11-30 11071150 c:Non-currentFinancialInstruments c:AfterOneYear 2022-11-30 11071150 c:ShareCapital 2023-11-30 11071150 c:ShareCapital 2022-11-30 11071150 c:ShareCapital 2021-12-01 11071150 c:RetainedEarningsAccumulatedLosses 2022-12-01 2023-11-30 11071150 c:RetainedEarningsAccumulatedLosses 2023-11-30 11071150 c:RetainedEarningsAccumulatedLosses 2021-12-01 2022-11-30 11071150 c:RetainedEarningsAccumulatedLosses 2022-11-30 11071150 c:RetainedEarningsAccumulatedLosses 2021-12-01 11071150 d:FRS102 2022-12-01 2023-11-30 11071150 d:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 11071150 d:FullAccounts 2022-12-01 2023-11-30 11071150 d:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 iso4217:GBP xbrli:pure

Registered number: 11071150










ALBION NORD LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023

 
ALBION NORD LIMITED
 
 
COMPANY INFORMATION


Directors
C C F Clarke 
B R Johnson 
A N Kooperman 
O S L Stride 




Registered number
11071150



Registered office
First Floor
2 Percy Street

London

England

W1T 1DD






Accountants
ZEDRA Corporate Reporting Services (UK) Limited





 
ALBION NORD LIMITED
 

CONTENTS



Page
Balance Sheet
 
1 - 2
Statement of Changes in Equity
 
3
Notes to the Financial Statements
 
4 - 8


 
ALBION NORD LIMITED
REGISTERED NUMBER:11071150

BALANCE SHEET
AS AT 30 NOVEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 3 
48,009
39,066

  
48,009
39,066

Current assets
  

Stocks
  
78,320
60,158

Debtors: amounts falling due within one year
 4 
506,586
683,456

Bank and cash balances
  
755,967
768,267

  
1,340,873
1,511,881

Creditors: amounts falling due within one year
 5 
(744,010)
(1,241,564)

Net current assets
  
 
 
596,863
 
 
270,317

Total assets less current liabilities
  
644,872
309,383

Creditors: amounts falling due after more than one year
 6 
(605,559)
-

  

Net assets
  
39,313
309,383

Page 1

 
ALBION NORD LIMITED
REGISTERED NUMBER:11071150
    
BALANCE SHEET (CONTINUED)
AS AT 30 NOVEMBER 2023

2023
2022
£
£

Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
39,213
309,283

  
39,313
309,383


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 

A N Kooperman
Director

Date: 30 August 2024

The notes on pages 4 to 8 form part of these financial statements.

Page 2

 
ALBION NORD LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 NOVEMBER 2023


Called up share capital
Profit and loss account
Total equity

£
£
£


At 1 December 2021
100
453,455
453,555



Profit for the year
-
435,828
435,828

Dividends: Equity capital
-
(580,000)
(580,000)



At 1 December 2022
100
309,283
309,383



Profit for the year
-
29,930
29,930

Dividends: Equity capital
-
(300,000)
(300,000)


At 30 November 2023
100
39,213
39,313


The notes on pages 4 to 8 form part of these financial statements.

Page 3

 
ALBION NORD LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1.Accounting policies

 
1.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
1.2

Turnover

Turnover is recognised to the extent that it is probable that economic future benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Sale of goods

Turnover from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Turnover generated from interior design fees are recognised at the point of delivery to the client. Turnover generated from procurement fees are recognised at the point at which all items have been procured. Turnover is recognised when all of the following conditions are satisfied:
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the intercompany service agreement;
the costs incurred under the intercompany service agreement can be measured reliably.

 
1.3

Operating leases: the Company as lessee

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

Page 4

 
ALBION NORD LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1.Accounting policies (continued)

 
1.4

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
1.5

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
1.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight line basis and the reducing balance basis..

Depreciation is provided on the following basis:

Fixtures and fittings
-
25%
reducing balance
Office equipment
-
33%
straight line
Computer equipment
-
33%
straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 5

 
ALBION NORD LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1.Accounting policies (continued)

 
1.7

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
1.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
1.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions.

  
1.10

Creditors

Short term creditors are measured at the transaction price. These loans are unsecured, interest free and repayable on demand.

 
1.11

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


2.


Employees

The average monthly number of employees, including directors, during the year was 18 (2022 - 9).

Page 6

 
ALBION NORD LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

3.


Tangible fixed assets





Fixtures and fittings
Office equipment
Computer equipment
Total

£
£
£
£



Cost or valuation


At 1 December 2022
26,352
4,278
42,585
73,215


Additions
3,660
-
21,179
24,839



At 30 November 2023

30,012
4,278
63,764
98,054



Depreciation


At 1 December 2022
9,228
667
24,255
34,150


Charge for the year on owned assets
4,578
1,411
9,906
15,895



At 30 November 2023

13,806
2,078
34,161
50,045



Net book value



At 30 November 2023
16,206
2,200
29,603
48,009



At 30 November 2022
17,124
3,611
18,330
39,065

Page 7

 
ALBION NORD LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

4.


Debtors

2023
2022
£
£


Trade debtors
329,330
621,377

Other debtors
129,127
31,450

Prepayments and accrued income
48,129
30,629

506,586
683,456



5.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank overdrafts
17
83

Trade creditors
54,576
-

Corporation tax
99,191
99,191

Other taxation and social security
276,237
144,173

Other creditors
182,938
992,346

Accruals and deferred income
131,051
5,771

744,010
1,241,564



6.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Other creditors
605,559
-

605,559
-



7.


Post balance sheet events

There were no adjusting or non-adjusting events occurring between the end of the reporting period and the date these financial statements were approved.

 
Page 8