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REGISTERED NUMBER: 12220599 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2024

for

Albridge Drylining Ltd

Albridge Drylining Ltd (Registered number: 12220599)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Albridge Drylining Ltd

Company Information
for the Year Ended 30 September 2024







DIRECTOR: Mr J M Gavin





SECRETARY: Mrs W Gavin





REGISTERED OFFICE: C/O APC Accountancy
73 Gilkes Street
Middlesbrough
TS1 5EH





REGISTERED NUMBER: 12220599 (England and Wales)





ACCOUNTANTS: APC Accountancy
Chartered Accountants
73 Gilkes Street
Middlesbrough
TS1 5EH

Albridge Drylining Ltd (Registered number: 12220599)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 11,726 16,478

CURRENT ASSETS
Stocks 5,000 1,500
Debtors 5 57,156 40,911
Cash at bank 11,166 12,724
73,322 55,135
CREDITORS
Amounts falling due within one year 6 75,322 39,008
NET CURRENT (LIABILITIES)/ASSETS (2,000 ) 16,127
TOTAL ASSETS LESS CURRENT
LIABILITIES

9,726

32,605

CREDITORS
Amounts falling due after more than one
year

7

(32,557

)

(37,993

)

PROVISIONS FOR LIABILITIES 8 (2,228 ) (3,130 )
NET LIABILITIES (25,059 ) (8,518 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (25,159 ) (8,618 )
(25,059 ) (8,518 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Albridge Drylining Ltd (Registered number: 12220599)

Balance Sheet - continued
30 September 2024


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 director and authorised for issue on 25 June 2025 and were signed by:





Mr J M Gavin - Director


Albridge Drylining Ltd (Registered number: 12220599)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Albridge Drylining Ltd 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance and 20% on cost

Tangible fixed assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment loss.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual
provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.

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.

Albridge Drylining Ltd (Registered number: 12220599)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2023
and 30 September 2024 26,666
DEPRECIATION
At 1 October 2023 10,188
Charge for year 4,752
At 30 September 2024 14,940
NET BOOK VALUE
At 30 September 2024 11,726
At 30 September 2023 16,478

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 50,423 37,934
Other debtors 6,733 2,977
57,156 40,911

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans and overdrafts 4,413 4,233
Trade creditors 37,707 18,534
Taxation and social security 3,873 3,628
Other creditors 29,329 12,613
75,322 39,008

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.24 30.9.23
£    £   
Bank loans 32,557 37,993

8. PROVISIONS FOR LIABILITIES
30.9.24 30.9.23
£    £   
Deferred tax 2,228 3,130

Albridge Drylining Ltd (Registered number: 12220599)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

8. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 October 2023 3,130
Movement (902 )
Balance at 30 September 2024 2,228

9. RELATED PARTY DISCLOSURES

As at 30 September 2024, the company owed the director £25,372 (2023: £7,605).

10. ULTIMATE CONTROLLING PARTY

The controlling party is Mr J M Gavin.