Caseware UK (AP4) 2023.0.135 2023.0.135 2024-08-312024-08-31falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-09-01falseNo description of principal activity44truetrue 04514082 2023-09-01 2024-08-31 04514082 2022-09-01 2023-08-31 04514082 2024-08-31 04514082 2023-08-31 04514082 c:Director1 2023-09-01 2024-08-31 04514082 d:FurnitureFittings 2023-09-01 2024-08-31 04514082 d:FurnitureFittings 2024-08-31 04514082 d:FurnitureFittings 2023-08-31 04514082 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 04514082 d:OfficeEquipment 2023-09-01 2024-08-31 04514082 d:OfficeEquipment 2024-08-31 04514082 d:OfficeEquipment 2023-08-31 04514082 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 04514082 d:ComputerEquipment 2023-09-01 2024-08-31 04514082 d:ComputerEquipment 2024-08-31 04514082 d:ComputerEquipment 2023-08-31 04514082 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 04514082 d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 04514082 d:ComputerSoftware 2024-08-31 04514082 d:ComputerSoftware 2023-08-31 04514082 d:CurrentFinancialInstruments 2024-08-31 04514082 d:CurrentFinancialInstruments 2023-08-31 04514082 d:CurrentFinancialInstruments d:WithinOneYear 2024-08-31 04514082 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-31 04514082 d:ShareCapital 2024-08-31 04514082 d:ShareCapital 2023-08-31 04514082 d:RetainedEarningsAccumulatedLosses 2024-08-31 04514082 d:RetainedEarningsAccumulatedLosses 2023-08-31 04514082 c:FRS102 2023-09-01 2024-08-31 04514082 c:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 04514082 c:FullAccounts 2023-09-01 2024-08-31 04514082 c:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 04514082 d:ComputerSoftware d:OwnedIntangibleAssets 2023-09-01 2024-08-31 04514082 e:PoundSterling 2023-09-01 2024-08-31 iso4217:GBP xbrli:pure

Registered number: 04514082









ALS ALBION LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 AUGUST 2024

 
ALS ALBION LIMITED
REGISTERED NUMBER: 04514082

STATEMENT OF FINANCIAL POSITION
AS AT 31 AUGUST 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 4 
12,131
13,576

Tangible assets
 5 
11,412
1,273

  
23,543
14,849

Current assets
  

Debtors: amounts falling due within one year
 6 
343,341
321,841

Cash at bank and in hand
 7 
78,085
69,016

  
421,426
390,857

Creditors: amounts falling due within one year
 8 
(190,992)
(190,617)

Net current assets
  
 
 
230,434
 
 
200,240

Total assets less current liabilities
  
253,977
215,089

  

Net assets
  
253,977
215,089


Capital and reserves
  

Called up share capital 
  
200
200

Profit and loss account
  
253,777
214,889

  
253,977
215,089

Page 1

 
ALS ALBION LIMITED
REGISTERED NUMBER: 04514082
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 AUGUST 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




D B Black
Director

Date: 24 February 2025

The notes on pages 3 to 8 form part of these financial statements.
Page 2

 
ALS ALBION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1.


General information

ALS Albion Limited is a private company, limited by shares, incorporated in the United Kingdom and registered in England and Wales. The company's registered office address is 101 New Cavendish Street, 1st Floor South, London, W1W 6XH.
The financial statements are presented in Sterling, which is the functional currency of the company.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.4

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

Page 3

 
ALS ALBION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

2.Accounting policies (continued)

 
2.5

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.


 
2.6

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Fixtures and fittings
-
25%
Straight Line
Office equipment
-
25%
Straight Line
Computer equipment
-
25%
Straight Line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 4

 
ALS ALBION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

2.Accounting policies (continued)

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.11

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 4 (2023 - 4).

Page 5

 
ALS ALBION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

4.


Intangible assets




Computer software

£



Cost


At 1 September 2023
14,450



At 31 August 2024

14,450



Amortisation


At 1 September 2023
874


Charge for the year on owned assets
1,445



At 31 August 2024

2,319



Net book value



At 31 August 2024
12,131



At 31 August 2023
13,576



Page 6

 
ALS ALBION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

5.


Tangible fixed assets





Fixtures and fittings
Office equipment
Computer equipment
Total

£
£
£
£



Cost or valuation


At 1 September 2023
-
241
10,324
10,565


Additions
13,313
221
-
13,534



At 31 August 2024

13,313
462
10,324
24,099



Depreciation


At 1 September 2023
-
72
9,220
9,292


Charge for the year on owned assets
2,791
86
518
3,395



At 31 August 2024

2,791
158
9,738
12,687



Net book value



At 31 August 2024
10,522
304
586
11,412



At 31 August 2023
-
169
1,104
1,273


6.


Debtors

2024
2023
£
£


Trade debtors
27,384
16,823

Amounts owed by group undertakings
304,749
299,699

Other debtors
6,314
3,362

Prepayments and accrued income
4,894
1,957

343,341
321,841


Page 7

 
ALS ALBION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
78,085
69,016

Less: bank overdrafts
-
(9,915)

78,085
59,101



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank overdrafts
-
9,915

Other loans
30,916
63,802

Trade creditors
29,209
31,242

Corporation tax
80,719
69,800

Other taxation and social security
3,695
1,934

Other creditors
7,953
11,924

Accruals and deferred income
38,500
2,000

190,992
190,617



9.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £2,299 (2023: £1,888). Contributions totalling £464 (2023: £441) were payable to the fund at the balance sheet date and are included in creditors.

 
Page 8