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REGISTERED NUMBER: 06040580 (England and Wales)












Unaudited Financial Statements

for the Year Ended 30 September 2024

for

THE ALBERT LIMITED

THE ALBERT LIMITED (REGISTERED NUMBER: 06040580)






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


THE ALBERT LIMITED

Company Information
for the Year Ended 30 September 2024







DIRECTORS: Mrs G E Bringloe
F P Taylor
C R Steward
G E Taylor





SECRETARY: Mrs G E Bringloe





REGISTERED OFFICE: 100 Church Street
Brighton
East Sussex
BN1 1UJ





REGISTERED NUMBER: 06040580 (England and Wales)





ACCOUNTANTS: Paddenburg & Co Limited
100 Church Street
Brighton
East Sussex
BN1 1UJ

THE ALBERT LIMITED (REGISTERED NUMBER: 06040580)

Balance Sheet
30 September 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1 1
Tangible assets 5 37,902 42,554
37,903 42,555

CURRENT ASSETS
Stocks 6 18,726 24,750
Debtors 7 19,782 39,206
Cash at bank and in hand 141,485 172,670
179,993 236,626
CREDITORS
Amounts falling due within one year 8 118,669 148,954
NET CURRENT ASSETS 61,324 87,672
TOTAL ASSETS LESS CURRENT
LIABILITIES

99,227

130,227

CREDITORS
Amounts falling due after more than one
year

9

(7,039

)

(17,370

)

PROVISIONS FOR LIABILITIES 11 (2,914 ) (3,391 )
NET ASSETS 89,274 109,466

CAPITAL AND RESERVES
Called up share capital 29 29
Retained earnings 89,245 109,437
89,274 109,466

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 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.

THE ALBERT LIMITED (REGISTERED NUMBER: 06040580)

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 Board of Directors and authorised for issue on 24 June 2025 and were signed on its behalf by:




C R Steward - Director Mrs G E Bringloe - Director




F P Taylor - Director G E Taylor - Director


THE ALBERT LIMITED (REGISTERED NUMBER: 06040580)

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

1. STATUTORY INFORMATION

The Albert Limited 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - over the lease term
Plant and machinery - 25% on cost
Fixtures and fittings - 25% on cost
Computer equipment - 25% on cost

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

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.

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.

THE ALBERT LIMITED (REGISTERED NUMBER: 06040580)

Notes to the Financial Statements - continued
for the Year Ended 30 September 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 15 (2023 - 19 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2023
and 30 September 2024 25,000
AMORTISATION
At 1 October 2023
and 30 September 2024 24,999
NET BOOK VALUE
At 30 September 2024 1
At 30 September 2023 1

5. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and Computer
leasehold machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 October 2023 80,804 56,587 22,785 11,652 171,828
Additions - 2,425 625 929 3,979
At 30 September 2024 80,804 59,012 23,410 12,581 175,807
DEPRECIATION
At 1 October 2023 51,815 48,649 18,715 10,095 129,274
Charge for year 2,742 3,118 1,775 996 8,631
At 30 September 2024 54,557 51,767 20,490 11,091 137,905
NET BOOK VALUE
At 30 September 2024 26,247 7,245 2,920 1,490 37,902
At 30 September 2023 28,989 7,938 4,070 1,557 42,554

6. STOCKS
2024 2023
£    £   
Stocks 18,726 24,750

THE ALBERT LIMITED (REGISTERED NUMBER: 06040580)

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

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 2,531 17,375
Prepayments 17,251 21,831
19,782 39,206

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,332 10,077
Trade creditors 13,511 25,926
Tax 49,225 55,074
Social security and other taxes 11,712 5,002
Pensions payable 364 269
VAT 25,396 32,657
Other creditors - 5,366
Wage control - 3,261
Directors' loan accounts 512 2,420
Accrued expenses 7,617 8,902
118,669 148,954

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 7,039 10,332
Bank loans - 2-5 years - 7,038
7,039 17,370

10. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 87,750 85,000
Between one and five years 351,000 340,000
In more than five years 412,425 484,500
851,175 909,500

11. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 2,914 3,391

THE ALBERT LIMITED (REGISTERED NUMBER: 06040580)

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

11. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 October 2023 3,391
Accelerated capital allowance (477 )
Balance at 30 September 2024 2,914

12. RELATED PARTY DISCLOSURES

In the year, the company incurred property repair costs totalling £7,530 (2023: £1,600) with Oliver Bringloe Carpentry, a party related to a director of the company.

All parties traded on normal commercial terms.

13. ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party as the share capital of the company is held equally between the four directors.