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REGISTERED NUMBER: SC254498 (Scotland)















Unaudited Financial Statements for the Year Ended 31 December 2024

for

Albion Environmental Limited

Albion Environmental Limited (Registered number: SC254498)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


Albion Environmental Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: Mrs A K Meldrum
A F Meldrum





SECRETARY: Mrs A K Meldrum





REGISTERED OFFICE: 24 Carrick Park
Ayr
Ayrshire
KA7 2SL





REGISTERED NUMBER: SC254498 (Scotland)





ACCOUNTANTS: AMAS Murrison Limited
Chartered Accountants
10 Newton Terrace
Charing Cross
Glasgow
G3 7PJ

Albion Environmental Limited (Registered number: SC254498)

Abridged Statement of Financial Position
31 December 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 13,116
Tangible assets 5 86,657 79,131
Investments 6 116,991 103,448
203,648 195,695

CURRENT ASSETS
Debtors 252,013 327,344
Cash at bank and in hand 248,695 370,693
500,708 698,037
CREDITORS
Amounts falling due within one year 183,299 349,063
NET CURRENT ASSETS 317,409 348,974
TOTAL ASSETS LESS CURRENT
LIABILITIES

521,057

544,669

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 7 520,957 544,569
SHAREHOLDERS' FUNDS 521,057 544,669

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

Albion Environmental Limited (Registered number: SC254498)

Abridged Statement of Financial Position - continued
31 December 2024


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

All the members have consented to the preparation of an abridged Income Statement and an abridged Statement of Financial Position for the year ended 31 December 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 17 March 2025 and were signed on its behalf by:





A F Meldrum - Director


Albion Environmental Limited (Registered number: SC254498)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Albion Environmental Limited is a private company, limited by shares , registered in Scotland. 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 as modified by the revaluation of certain assets.

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 four years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 15% on reducing balance
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 15% on reducing balance

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 statement of financial position date.

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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Albion Environmental Limited (Registered number: SC254498)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2023 - 16 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2024
and 31 December 2024 119,130
AMORTISATION
At 1 January 2024 106,014
Amortisation for year 13,116
At 31 December 2024 119,130
NET BOOK VALUE

At 31 December 2024 -
At 31 December 2023 13,116

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2024 174,563
Additions 1,791
At 31 December 2024 176,354
DEPRECIATION
At 1 January 2024 72,770
Charge for year 16,927
At 31 December 2024 89,697
NET BOOK VALUE
At 31 December 2024 86,657
At 31 December 2023 101,793

Albion Environmental Limited (Registered number: SC254498)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

6. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST OR VALUATION
At 1 January 2024 103,448
Revaluations 13,543
At 31 December 2024 116,991
NET BOOK VALUE
At 31 December 2024 116,991
At 31 December 2023 103,448

Cost or valuation at 31 December 2024 is represented by:
Totals
£   
Valuation in 2023 3,448
Valuation in 2024 13,543
Cost 100,000
116,991

7. RESERVES
Retained
earnings
£   

At 1 January 2024 544,569
Profit for the year 44,465
Dividends (68,077 )
At 31 December 2024 520,957