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REGISTERED NUMBER: 11142005 (England and Wales)











Financial Statements

for the Year Ended 31 January 2024

for

ALBERT STREET LTD

ALBERT STREET LTD (REGISTERED NUMBER: 11142005)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ALBERT STREET LTD

Company Information
for the Year Ended 31 January 2024







DIRECTORS: Ms C M Wilson
Mr R F Elms





REGISTERED OFFICE: 42 Lytton Road
Barnet
Hertfordshire
EN5 5BY





REGISTERED NUMBER: 11142005 (England and Wales)





ACCOUNTANTS: Conroy & Lermer
Chartered Accountants
42 Lytton Road
BARNET
EN5 5BY

ALBERT STREET LTD (REGISTERED NUMBER: 11142005)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,950 3,075

CURRENT ASSETS
Cash at bank 4,634 4,117

CREDITORS
Amounts falling due within one year 5 25,556 23,962
NET CURRENT LIABILITIES (20,922 ) (19,845 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(17,972

)

(16,770

)

CAPITAL AND RESERVES
Called up share capital 6 100 100
Retained earnings (18,072 ) (16,870 )
SHAREHOLDERS' FUNDS (17,972 ) (16,770 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 October 2024 and were signed on its behalf by:





Ms C M Wilson - Director


ALBERT STREET LTD (REGISTERED NUMBER: 11142005)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Albert Street Ltd 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 currency of the financial statements is the Pound Sterling (£).


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.

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 - 25% on reducing balance
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 February 2023 6,278 2,637 8,915
Additions - 1,124 1,124
Disposals - (1,331 ) (1,331 )
At 31 January 2024 6,278 2,430 8,708
DEPRECIATION
At 1 February 2023 3,349 2,491 5,840
Charge for year 732 517 1,249
Eliminated on disposal - (1,331 ) (1,331 )
At 31 January 2024 4,081 1,677 5,758
NET BOOK VALUE
At 31 January 2024 2,197 753 2,950
At 31 January 2023 2,929 146 3,075

ALBERT STREET LTD (REGISTERED NUMBER: 11142005)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
VAT 510 1,094
Directors' current accounts 22,046 19,868
Accruals and deferred income 3,000 3,000
25,556 23,962

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.24 31.1.23
value: £    £   
99 A Ordinary £1 99 99
1 B Ordinary £1 1 1
100 100

7. RELATED PARTY DISCLOSURES

As at the balance sheet date, included within creditors due within one year is and amount of £22,046 (2023: £19,868) due and payable to the directors. This amount is interest free and repayable upon demand.

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Ms C M Wilson.