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Company Registration No. 12079631 (England and Wales)
Albay Bakery Limited Unaudited accounts for the year ended 30 June 2024
Albay Bakery Limited Unaudited accounts Contents
Page
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Albay Bakery Limited Company Information for the year ended 30 June 2024
Director
Mr C Alabora
Company Number
12079631 (England and Wales)
Registered Office
560 - 568 Ground Floor (Shop) High Road Tottenham London N17 9TA England
Accountants
DNG Associates 214 Baker Street Enfield London EN1 3JT
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Albay Bakery Limited Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
900 
920 
Tangible assets
18,088 
20,536 
18,988 
21,456 
Current assets
Inventories
1,017 
676 
Debtors
34,808 
40,820 
Cash at bank and in hand
5,615 
2,058 
41,440 
43,554 
Creditors: amounts falling due within one year
(16,236)
(11,933)
Net current assets
25,204 
31,621 
Total assets less current liabilities
44,192 
53,077 
Creditors: amounts falling due after more than one year
(26,489)
(32,489)
Net assets
17,703 
20,588 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
17,702 
20,587 
Shareholders' funds
17,703 
20,588 
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 7 March 2025 and were signed on its behalf by
Mr C Alabora Director Company Registration No. 12079631
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Albay Bakery Limited Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
Albay Bakery Limited is a private company, limited by shares, registered in England and Wales, registration number 12079631. The registered office is 560 - 568 Ground Floor (Shop) High Road, Tottenham, London, N17 9TA, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
10 years - straight Line
Motor vehicles
6% - reducing line method
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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Albay Bakery Limited Notes to the Accounts for the year ended 30 June 2024
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 July 2023
1,000 
At 30 June 2024
1,000 
Amortisation
At 1 July 2023
80 
Charge for the year
20 
At 30 June 2024
100 
Net book value
At 30 June 2024
900 
At 30 June 2023
920 
5
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 July 2023
18,999 
11,000 
29,999 
At 30 June 2024
18,999 
11,000 
29,999 
Depreciation
At 1 July 2023
7,600 
1,863 
9,463 
Charge for the year
1,900 
548 
2,448 
At 30 June 2024
9,500 
2,411 
11,911 
Net book value
At 30 June 2024
9,499 
8,589 
18,088 
At 30 June 2023
11,399 
9,137 
20,536 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
30,388 
36,400 
Amounts falling due after more than one year
Other debtors
4,420 
4,420 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
10,000 
10,000 
VAT
(1,212)
(982)
Taxes and social security
82 
2,905 
Other creditors
5,712 
- 
Loans from directors
1,654 
10 
16,236 
11,933 
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Albay Bakery Limited Notes to the Accounts for the year ended 30 June 2024
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
26,489 
32,489 
9
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
10
Transactions with related parties
Included within other creditors is an amount of £1,654 (2023;£10) due to its directors. There are no terms as to interest or repayment in respect of this balance.
11
Average number of employees
During the year the average number of employees was 6 (2023: 6).
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