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REGISTERED NUMBER: 07435629 (England and Wales)















Unaudited Financial Statements

for the Year Ended 30 April 2024

for

ALBANY WINDOWS LTD

ALBANY WINDOWS LTD (REGISTERED NUMBER: 07435629)

Contents of the Financial Statements
FOR THE YEAR ENDED 30 APRIL 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


ALBANY WINDOWS LTD

Company Information
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: T E Goldsby
D J Goldsby
P D Knox
N J Knox





REGISTERED OFFICE: Unit 40 Space Business Centre
Tewkesbury Road
Cheltenham
Gloucestershire
GL51 9FL





REGISTERED NUMBER: 07435629 (England and Wales)





ACCOUNTANTS: Crowe U.K. LLP
4th Floor
St James House
St James Square
Cheltenham
Gloucestershire
GL50 3PR

ALBANY WINDOWS LTD (REGISTERED NUMBER: 07435629)

Statement of Financial Position
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 5,000 -
Tangible assets 5 46,789 23,637
51,789 23,637

CURRENT ASSETS
Stocks 59,697 62,378
Debtors 6 221,765 203,469
Cash at bank 96,133 162,327
377,595 428,174
CREDITORS
Amounts falling due within one year 7 228,068 240,230
NET CURRENT ASSETS 149,527 187,944
TOTAL ASSETS LESS CURRENT
LIABILITIES

201,316

211,581

CREDITORS
Amounts falling due after more than
one year

8

(53,580

)

(68,000

)

PROVISIONS FOR LIABILITIES (11,698 ) (5,371 )
NET ASSETS 136,038 138,210

ALBANY WINDOWS LTD (REGISTERED NUMBER: 07435629)

Statement of Financial Position - continued
30 APRIL 2024

2024 2023
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 135,938 138,110
SHAREHOLDERS' FUNDS 136,038 138,210

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 January 2025 and were signed on its behalf by:





T E Goldsby - Director


ALBANY WINDOWS LTD (REGISTERED NUMBER: 07435629)

Notes to the Financial Statements
FOR THE YEAR ENDED 30 APRIL 2024


1. STATUTORY INFORMATION

Albany Windows 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.

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.

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.

Computer software is being amortised evenly over its estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 20% on reducing balance
Office equipment - 25% on cost

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.


ALBANY WINDOWS LTD (REGISTERED NUMBER: 07435629)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 APRIL 2024


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2023 - 14 ) .

4. INTANGIBLE FIXED ASSETS
Computer
software
£   
COST
Additions 5,000
At 30 April 2024 5,000
NET BOOK VALUE
At 30 April 2024 5,000

ALBANY WINDOWS LTD (REGISTERED NUMBER: 07435629)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 APRIL 2024


5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Office
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 May 2023 3,035 22,144 93,801 11,584 130,564
Additions - - 35,239 997 36,236
Disposals - - (21,984 ) (355 ) (22,339 )
At 30 April 2024 3,035 22,144 107,056 12,226 144,461
DEPRECIATION
At 1 May 2023 2,585 22,144 72,544 9,654 106,927
Charge for year 250 - 8,214 746 9,210
Eliminated on disposal - - (18,443 ) (22 ) (18,465 )
At 30 April 2024 2,835 22,144 62,315 10,378 97,672
NET BOOK VALUE
At 30 April 2024 200 - 44,741 1,848 46,789
At 30 April 2023 450 - 21,257 1,930 23,637

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
Additions 32,145
At 30 April 2024 32,145
DEPRECIATION
Charge for year 4,286
At 30 April 2024 4,286
NET BOOK VALUE
At 30 April 2024 27,859

ALBANY WINDOWS LTD (REGISTERED NUMBER: 07435629)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 APRIL 2024


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 147,242 148,638
Other debtors 74,523 54,831
221,765 203,469

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 34,000 34,000
Hire purchase contracts 7,744 -
Trade creditors 73,844 83,275
Taxation and social security 41,295 57,570
Other creditors 71,185 65,385
228,068 240,230

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans 34,000 68,000
Hire purchase contracts 19,580 -
53,580 68,000