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REGISTERED NUMBER: 10150464 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH APRIL 2024

FOR

ALBANY TRACK WORKS LIMITED

ALBANY TRACK WORKS LIMITED (REGISTERED NUMBER: 10150464)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH APRIL 2024




Page

Company information 1

Balance sheet 2

Notes to the financial statements 3


ALBANY TRACK WORKS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH APRIL 2024







DIRECTORS: J C Begg
D A Begg





REGISTERED OFFICE: Unit 7
Courtyard 31
Pontefract Road
Normanton
West Yorkshire
WF6 1JU





REGISTERED NUMBER: 10150464 (England and Wales)





ACCOUNTANTS: Smith Turner Chartered Accountants
Unit 7, Courtyard 31
Pontefract Road
Normanton
WF6 1JU

ALBANY TRACK WORKS LIMITED (REGISTERED NUMBER: 10150464)

BALANCE SHEET
30TH APRIL 2024

30/4/24 30/4/23
Notes £    £   
CURRENT ASSETS
Debtors 4 161,131 78,457
Cash at bank 224,199 220,126
385,330 298,583
CREDITORS
Amounts falling due within one year 5 (285,023 ) (239,005 )
NET CURRENT ASSETS 100,307 59,578
TOTAL ASSETS LESS CURRENT
LIABILITIES

100,307

59,578

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 100,207 59,478
SHAREHOLDERS' FUNDS 100,307 59,578

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30th 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 Income statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31st January 2025 and were signed on its behalf by:





J C Begg - Director


ALBANY TRACK WORKS LIMITED (REGISTERED NUMBER: 10150464)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH APRIL 2024

1. STATUTORY INFORMATION

Albany Track Works 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

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

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/4/24 30/4/23
£    £   
Trade debtors 20,461 -
Other debtors 140,670 78,457
161,131 78,457

ALBANY TRACK WORKS LIMITED (REGISTERED NUMBER: 10150464)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2024

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/4/24 30/4/23
£    £   
Trade creditors 209,270 158,077
Taxation and social security 23,321 10,512
Other creditors 52,432 70,416
285,023 239,005

6. RELATED PARTY DISCLOSURES

Creditors include a balance of £25,447 due to the directors of the company. No interest is charged to the company in respect of this amount and there are no fixed terms for repayment.