IRIS Accounts Production v25.1.3.33 00353716 Board of Directors 1.10.23 30.9.24 30.9.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh003537162023-09-30003537162024-09-30003537162023-10-012024-09-30003537162022-09-30003537162022-10-012023-09-30003537162023-09-3000353716ns15:EnglandWales2023-10-012024-09-3000353716ns14:PoundSterling2023-10-012024-09-3000353716ns10:Director12023-10-012024-09-3000353716ns10:PrivateLimitedCompanyLtd2023-10-012024-09-3000353716ns10:SmallEntities2023-10-012024-09-3000353716ns10:AuditExempt-NoAccountantsReport2023-10-012024-09-3000353716ns10:SmallCompaniesRegimeForDirectorsReport2023-10-012024-09-3000353716ns10:SmallCompaniesRegimeForAccounts2023-10-012024-09-3000353716ns10:FullAccounts2023-10-012024-09-3000353716ns10:Director22023-10-012024-09-3000353716ns10:RegisteredOffice2023-10-012024-09-3000353716ns5:CurrentFinancialInstruments2024-09-3000353716ns5:CurrentFinancialInstruments2023-09-3000353716ns5:Non-currentFinancialInstruments2024-09-3000353716ns5:Non-currentFinancialInstruments2023-09-3000353716ns5:ShareCapital2024-09-3000353716ns5:ShareCapital2023-09-3000353716ns5:CapitalRedemptionReserve2024-09-3000353716ns5:CapitalRedemptionReserve2023-09-3000353716ns5:RetainedEarningsAccumulatedLosses2024-09-3000353716ns5:RetainedEarningsAccumulatedLosses2023-09-3000353716ns5:LandBuildings2023-09-3000353716ns5:PlantMachinery2023-09-3000353716ns5:LandBuildings2023-10-012024-09-3000353716ns5:PlantMachinery2023-10-012024-09-3000353716ns5:LandBuildings2024-09-3000353716ns5:PlantMachinery2024-09-3000353716ns5:LandBuildings2023-09-3000353716ns5:PlantMachinery2023-09-3000353716ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-10-012024-09-3000353716ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2024-09-3000353716ns5:WithinOneYearns5:CurrentFinancialInstruments2024-09-3000353716ns5:WithinOneYearns5:CurrentFinancialInstruments2023-09-30
REGISTERED NUMBER: 00353716 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

ALBERT INNES LIMITED

ALBERT INNES LIMITED (REGISTERED NUMBER: 00353716)

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


ALBERT INNES LIMITED

COMPANY INFORMATION
for the Year Ended 30 September 2024







DIRECTORS: Mr R A Haigh
Miss Y Sherriff





REGISTERED OFFICE: Beckett House
Enfield Avene
Leeds
West Yorkshire
LS7 1QN





REGISTERED NUMBER: 00353716 (England and Wales)





ACCOUNTANTS: Studholme-Bell Limited
Chartered Accountants
& Business Advisors
Vantage House
3 East Terrace Business Park
Euxton Lane, Euxton
Chorley
Lancashire
PR7 6TB

ALBERT INNES LIMITED (REGISTERED NUMBER: 00353716)

BALANCE SHEET
30 September 2024

30.9.24 30.9.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 5 203,097 160,928

CURRENT ASSETS
Stocks 3,000 3,000
Debtors 6 1,722,545 1,794,751
Cash at bank and in hand 697,157 443,377
2,422,702 2,241,128
CREDITORS
Amounts falling due within one year 7 806,696 678,553
NET CURRENT ASSETS 1,616,006 1,562,575
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,819,103

1,723,503

CREDITORS
Amounts falling due after more than one
year

8

(42,254

)

(17,537

)

PROVISIONS FOR LIABILITIES (30,380 ) (19,838 )
NET ASSETS 1,746,469 1,686,128

CAPITAL AND RESERVES
Called up share capital 40,263 40,263
Capital redemption reserve 20,487 20,487
Retained earnings 1,685,719 1,625,378
1,746,469 1,686,128

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.

ALBERT INNES LIMITED (REGISTERED NUMBER: 00353716)

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 22 May 2025 and were signed on its behalf by:





Mr R A Haigh - Director


ALBERT INNES LIMITED (REGISTERED NUMBER: 00353716)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 September 2024


1. STATUTORY INFORMATION

Albert Innes 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. STATEMENT OF COMPLIANCE

These financial statements have been prepared in compliance with FRS102 Section 1A for small entities. These were no material departures from that standard.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The principle accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year and have also been consistently applied within the same accounts.

The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.

Income recognition
Income is recognised when goods and services have been delivered to customers such that risks and rewards of ownership have transferred to them.

Tangible fixed assets
Tangible fixed assets are included at cost less depreciation and impairment. Depreciation has been computed to write off the cost of tangible fixed assets over their expected useful lives as follows:

Fixtures and fittings - 15% reducing balance
Computer equipment - 15% reducing balance
Motor vehicles - 25% reducing balance

Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.

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.


ALBERT INNES LIMITED (REGISTERED NUMBER: 00353716)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 September 2024


3. ACCOUNTING POLICIES - continued
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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


Hire purchase and leasing commitments
Assets held under finance lease and hire purchase contracts are recognised in the balance sheet as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset.

Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

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

Employee benefits
Short term employee benefits, including holiday pay, are recognised as an expense in the profit and loss account in the period in which they are incurred.

The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the income statement when due.

Financial instruments
The following assets and liabilities are classified as financial instruments - trade debtors, trade creditors, bank loans and directors' loans.

Bank loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method.

Directors' loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the statement of income and retained earnings.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2023 - 21 ) .

ALBERT INNES LIMITED (REGISTERED NUMBER: 00353716)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 September 2024


5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 October 2023 81,578 301,159 382,737
Additions - 56,769 56,769
Disposals - (31,016 ) (31,016 )
At 30 September 2024 81,578 326,912 408,490
DEPRECIATION
At 1 October 2023 - 221,809 221,809
Charge for year - 14,600 14,600
Eliminated on disposal - (31,016 ) (31,016 )
At 30 September 2024 - 205,393 205,393
NET BOOK VALUE
At 30 September 2024 81,578 121,519 203,097
At 30 September 2023 81,578 79,350 160,928

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
Additions 47,500
At 30 September 2024 47,500
NET BOOK VALUE
At 30 September 2024 47,500

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 705,607 830,184
Amounts owed by group undertakings 976,462 925,823
Other debtors 40,476 38,744
1,722,545 1,794,751

ALBERT INNES LIMITED (REGISTERED NUMBER: 00353716)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 September 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans and overdrafts 10,168 9,884
Hire purchase contracts 22,896 -
Trade creditors 416,990 406,735
Taxation and social security 68,454 70,068
Other creditors 288,188 191,866
806,696 678,553

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.24 30.9.23
£    £   
Bank loans 7,170 17,537
Hire purchase contracts 35,084 -
42,254 17,537

9. ULTIMATE CONTROLLING PARTY

The controlling party is Albert Innes Group Limited.