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Company Registration No. 14343701 (England and Wales)
Albin Utilities Ltd Unaudited accounts for the year ended 30 September 2024
Albin Utilities Ltd Unaudited accounts Contents
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Albin Utilities Ltd Company Information for the year ended 30 September 2024
Director
Nathon Charles Albin
Company Number
14343701 (England and Wales)
Registered Office
10 Morden Road Bournemouth BH9 2SB England
Accountants
SH Accounting Solutions Ltd Office 1, 319a Holdenhurst Road Bournemouth BH8 8BT
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Albin Utilities Ltd Accountants' report
Accountants' report to the director of Albin Utilities Ltd (the company)
These financial statements have been prepared in accordance with our terms of engagement and in order to assist you to fulfil your duties under the Companies Acts that relate to preparing the financial statements of the company for the year ended 30 September 2024.
We have prepared these financial statements based on the accounting records, information and explanations provided by you. We do not express any opinion on the financial statements.
On the balance sheet you have acknowledged your duties under the prevailing Companies Acts to ensure that the company keeps adequate accounting records and prepares financial statements that give "a true and fair view".
You have determined that the company is exempt from the statutory requirement for an audit for the year ended 30 September 2024. Therefore, the financial statements are unaudited.
The financial statements are provided exclusively to the director for the limited purpose mentioned above, and may not be used or relied upon for any other purpose or by any other person, and we shall not be liable for any other usage or reliance.
SH Accounting Solutions Ltd Office 1, 319a Holdenhurst Road Bournemouth BH8 8BT 4 June 2025
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Albin Utilities Ltd Statement of financial position as at 30 September 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
43,627 
12,607 
Current assets
Debtors
114,563 
71,511 
Cash at bank and in hand
45,377 
67,945 
159,940 
139,456 
Creditors: amounts falling due within one year
(30,577)
(46,462)
Net current assets
129,363 
92,994 
Total assets less current liabilities
172,990 
105,601 
Provisions for liabilities
Deferred tax
(10,121)
- 
Net assets
162,869 
105,601 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
162,868 
105,600 
Shareholders' funds
162,869 
105,601 
For the year ending 30 September 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 4 June 2025 and were signed on its behalf by
Nathon Charles Albin Director Company Registration No. 14343701
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Albin Utilities Ltd Notes to the Accounts for the year ended 30 September 2024
1
Statutory information
Albin Utilities Ltd is a private company, limited by shares, registered in England and Wales, registration number 14343701. The registered office is 10 Morden Road, Bournemouth, BH9 2SB, 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.
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
20% straight line
Motor vehicles
20% reducing balance
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. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Albin Utilities Ltd Notes to the Accounts for the year ended 30 September 2024
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 October 2023
8,315 
5,695 
14,010 
Additions
17,701 
20,575 
38,276 
At 30 September 2024
26,016 
26,270 
52,286 
Depreciation
At 1 October 2023
819 
584 
1,403 
Charge for the year
2,187 
5,069 
7,256 
At 30 September 2024
3,006 
5,653 
8,659 
Net book value
At 30 September 2024
23,010 
20,617 
43,627 
At 30 September 2023
7,496 
5,111 
12,607 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
15,111 
5,727 
Other debtors
99,452 
65,784 
114,563 
71,511 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
30,577 
42,860 
Other creditors
- 
3,200 
Accruals
- 
402 
30,577 
46,462 
7
Transactions with related parties
During the year, the company made the following related party transactions: Director During the year, the director received loans of £81,955 and repaid a total of £52,564. Interest has been charged on the loan at 2.25% per annum. At the balance sheet date, the amount owed from the director was £81,643 (2023 - £52,252).
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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