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Company registration number: SC072557

Alba Service and Supply Limited

Filleted Unaudited Financial Statements

for the Year Ended 30 April 2024

 

Alba Service and Supply Limited

Contents

Company Information

1

Accountants' Report

2

Balance Sheet

3 to 4

Notes to the Unaudited Financial Statements

5 to 8

 

Alba Service and Supply Limited

Company Information

Directors

Mr PL Taylor

Mr J Morrison

Registered office

Alba Service & Supply Rootfield
Conon Bridge
Dingwall
IV7 8DQ

Accountants

Abrams Ashton Ltd
Chartered Certified Accountants
7 Waterside Court
St. Helens
Merseyside
WA9 1UA

 

Chartered Certified Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Alba Service and Supply Limited
for the Year Ended 30 April 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Alba Service and Supply Limited for the year ended 30 April 2024 as set out on pages 3 to 8 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/gb/en/member/standards/rules-and-standards/rulebook.html.

This report is made solely to the Board of Directors of Alba Service and Supply Limited, as a body, in accordance with the terms of our engagement letter dated 4 June 2020. Our work has been undertaken solely to prepare for your approval the accounts of Alba Service and Supply Limited and state those matters that we have agreed to state to the Board of Directors of Alba Service and Supply Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/gb/en/technical-activities/technical-resources-search/2009/
october/factsheet-163-audit-exempt-companies.html. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Alba Service and Supply Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Alba Service and Supply Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Alba Service and Supply Limited. You consider that Alba Service and Supply Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Alba Service and Supply Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Abrams Ashton Ltd
Chartered Certified Accountants
7 Waterside Court
St. Helens
Merseyside
WA9 1UA

16 January 2025

 

Alba Service and Supply Limited

(Registration number: SC072557)
Balance Sheet as at 30 April 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

5

671,780

722,620

Investments

6

100

100

 

671,880

722,720

Current assets

 

Debtors

7

151,369

203,857

Cash at bank and in hand

 

173,638

105,742

 

325,007

309,599

Creditors: Amounts falling due within one year

8

(187,958)

(158,301)

Net current assets

 

137,049

151,298

Total assets less current liabilities

 

808,929

874,018

Creditors: Amounts falling due after more than one year

8

(833)

(10,833)

Net assets

 

808,096

863,185

Capital and reserves

 

Called up share capital

501,600

501,600

Share premium reserve

42,650

42,650

Retained earnings

263,846

318,935

Shareholders' funds

 

808,096

863,185

For the financial year ending 30 April 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 accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 6 January 2025 and signed on its behalf by:
 

 

Alba Service and Supply Limited

(Registration number: SC072557)
Balance Sheet as at 30 April 2024

.........................................
Mr PL Taylor
Director

   
     
 

Alba Service and Supply Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

1

General information

The company is a private company limited by share capital, incorporated in Scotland.

The address of its registered office is:
Alba Service & Supply Rootfield
Conon Bridge
Dingwall
IV7 8DQ
United Kingdom

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

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

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Revenue comprises the fair value of the sale of goods and services net of value added tax, rebates and discounts. Sales of goods and services are recognised when the company has delivered the goods and services to the customer and they are accepted.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant & machinery

33% and 20% reducing balance and 2.5% straight line

Fixtures & fittings

33% reducing balance

Motor vehicles

20% reducing balance

 

Alba Service and Supply Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

straight line over 10 years

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Leases

Lease payments are recognised as an expense over the lease term on a straight line basis.

Defined contribution pension obligation

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 5 (2023 - 4).

 

Alba Service and Supply Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 May 2023

398,217

398,217

At 30 April 2024

398,217

398,217

Amortisation

At 1 May 2023

398,217

398,217

At 30 April 2024

398,217

398,217

Carrying amount

At 30 April 2024

-

-

5

Tangible assets

Fixtures and fittings
£

Plant and machinery
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 May 2023

5,146

1,158,842

123,275

1,287,263

Additions

1,041

2,298

-

3,339

At 30 April 2024

6,187

1,161,140

123,275

1,290,602

Depreciation

At 1 May 2023

4,258

511,075

49,310

564,643

Charge for the year

643

28,881

24,655

54,179

At 30 April 2024

4,901

539,956

73,965

618,822

Carrying amount

At 30 April 2024

1,286

621,184

49,310

671,780

At 30 April 2023

888

647,767

73,965

722,620

 

Alba Service and Supply Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

6

Investments

2024
£

2023
£

Investments in subsidiaries

100

100

Subsidiaries

£

Cost or valuation

Additions

100

Provision

Carrying amount

At 30 April 2024

100

At 30 April 2023

100

7

Debtors

2024
£

2023
£

Trade debtors

32,995

87,558

Other debtors

118,374

116,299

151,369

203,857

8

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

2,425

14,840

Other creditors

185,533

143,461

187,958

158,301

Creditors: amounts falling due after more than one year

2024
£

2023
£

Due after one year

Other non-current financial liabilities

833

10,833