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REGISTERED NUMBER: 04561535 (England and Wales)













Albion Business Limited

Unaudited Financial Statements

for the Year Ended 30 June 2024






Albion Business Limited (Registered number: 04561535)






Contents of the Financial Statements
for the year ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Albion Business Limited

Company Information
for the year ended 30 June 2024







DIRECTOR: R A Brindley





SECRETARY: Mrs J Birks





REGISTERED OFFICE: 23 Albert Street
Newcastle under Lyme
Staffordshire
ST5 1JP





REGISTERED NUMBER: 04561535 (England and Wales)





ACCOUNTANTS: Slaters & Co Accountants
Lymore Villa
162a London Road
Chesterton
Newcastle
Staffordshire
ST5 7JB

Albion Business Limited (Registered number: 04561535)

Balance Sheet
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 558,000 595,200
Tangible assets 5 79,846 4,787
637,846 599,987

CURRENT ASSETS
Stocks 12,359 16,652
Debtors 6 102,834 5,151
Cash at bank and in hand 102,489 335,533
217,682 357,336
CREDITORS
Amounts falling due within one year 7 427,154 547,620
NET CURRENT LIABILITIES (209,472 ) (190,284 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

428,374

409,703

CREDITORS
Amounts falling due after more than one
year

8

(215,484

)

(177,288

)

PROVISIONS FOR LIABILITIES (19,961 ) -
NET ASSETS 192,929 232,415

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 192,928 232,414
SHAREHOLDERS' FUNDS 192,929 232,415

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 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.

Albion Business Limited (Registered number: 04561535)

Balance Sheet - continued
30 June 2024


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 director and authorised for issue on 31 October 2024 and were signed by:





R A Brindley - Director


Albion Business Limited (Registered number: 04561535)

Notes to the Financial Statements
for the year ended 30 June 2024

1. STATUTORY INFORMATION

Albion Business 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.

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 represents net invoice value of services provided, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of twenty 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 - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% on reducing balance

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

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 9 ) .

Albion Business Limited (Registered number: 04561535)

Notes to the Financial Statements - continued
for the year ended 30 June 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2023
and 30 June 2024 930,000
AMORTISATION
At 1 July 2023 334,800
Charge for year 37,200
At 30 June 2024 372,000
NET BOOK VALUE
At 30 June 2024 558,000
At 30 June 2023 595,200

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 July 2023 - 12,913 13,346 26,259
Additions 50,846 38,637 - 89,483
At 30 June 2024 50,846 51,550 13,346 115,742
DEPRECIATION
At 1 July 2023 - 9,704 11,768 21,472
Charge for year 7,627 6,276 521 14,424
At 30 June 2024 7,627 15,980 12,289 35,896
NET BOOK VALUE
At 30 June 2024 43,219 35,570 1,057 79,846
At 30 June 2023 - 3,209 1,578 4,787

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 102,639 3,306
Other debtors 195 1,845
102,834 5,151

Albion Business Limited (Registered number: 04561535)

Notes to the Financial Statements - continued
for the year ended 30 June 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 5,000 5,000
Trade creditors 98,423 49,413
Taxation and social security 113,726 181,692
Other creditors 210,005 311,515
427,154 547,620

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 29,583 34,583
Other creditors 185,901 142,705
215,484 177,288

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 9,583 14,583