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REGISTERED NUMBER: 07163111 (England and Wales)










FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH SEPTEMBER 2024

FOR

ALBION COMPONENTS LTD

ALBION COMPONENTS LTD (REGISTERED NUMBER: 07163111)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH SEPTEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ALBION COMPONENTS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH SEPTEMBER 2024







DIRECTORS: Mr H A Beer
Mr P J Guppy
Mr. G A Fenner
Mr P A Duckworth





SECRETARY: Mr P J Guppy





REGISTERED OFFICE: 8 Tollgate
Stanbridge Earls
Romsey
Hampshire
SO51 0HE





REGISTERED NUMBER: 07163111 (England and Wales)

ALBION COMPONENTS LTD (REGISTERED NUMBER: 07163111)

BALANCE SHEET
30TH SEPTEMBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 16,714 15,375

CURRENT ASSETS
Stocks 1,482,203 2,034,520
Debtors 5 1,023,755 810,099
Cash at bank and in hand 200,218 631,521
2,706,176 3,476,140
CREDITORS
Amounts falling due within one year 6 2,004,858 2,927,638
NET CURRENT ASSETS 701,318 548,502
TOTAL ASSETS LESS CURRENT
LIABILITIES

718,032

563,877

PROVISIONS FOR LIABILITIES 2,097 150
NET ASSETS 715,935 563,727

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Retained earnings 705,935 553,727
SHAREHOLDERS' FUNDS 715,935 563,727

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 26th June 2025 and were signed on its behalf by:





Mr P J Guppy - Director


ALBION COMPONENTS LTD (REGISTERED NUMBER: 07163111)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH SEPTEMBER 2024


1. STATUTORY INFORMATION

Albion Components 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.

The financial statements are presented in £ Sterling which is the functional currency of the company and are rounded to the nearest £.

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 represents the sale of spares for domestic boilers

The company recognises revenue from the sale of goods when all the following conditions are satisfied:

the company has transferred to the buyer the significant risks and rewards of ownership of the goods;
the company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the economic benefits associated with the transaction will flow to the entity;
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

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

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Stocks
Stock is measured, using the first-in-first-out (FIFO) method, at the lower of cost and estimated selling price less costs to complete and sell, recognising an impairment loss if necessary.

ALBION COMPONENTS LTD (REGISTERED NUMBER: 07163111)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2024


2. ACCOUNTING POLICIES - continued

Financial instruments
Trade and other debtors
Trade and other debtors are initially and subsequently valued at cost.

Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand and deposits with banks .

Foreign currency risk
The Company has limited exposure to foreign currency risk. Substantially all of the Company's sales are denominated in Sterling whereas substantially all of the Company's purchases are denominated in Euros.

Credit risk
The Company is at risk from its customers defaulting in making payments for goods that have been supplied to them. The majority of the Company's customers are based within the central heating business and therefore industry related changes or economic hardships present a risk to the Company.

Trade and other creditors
Trade and other creditors are initially and subsequently valued at 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.

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.

Pension costs and other post-retirement benefits
The holding company makes contributions on behalf of the company to employees' defined-contribution personal pension schemes and these contributions 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 12 (2023 - 11 ) .

ALBION COMPONENTS LTD (REGISTERED NUMBER: 07163111)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2024


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st October 2023 45,441
Additions 10,303
Disposals (14,127 )
At 30th September 2024 41,617
DEPRECIATION
At 1st October 2023 30,066
Charge for year 8,527
Eliminated on disposal (13,690 )
At 30th September 2024 24,903
NET BOOK VALUE
At 30th September 2024 16,714
At 30th September 2023 15,375

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 973,464 765,005
Other debtors 50,291 45,094
1,023,755 810,099

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 274,204 157,614
Amounts owed to group undertakings 1,492,596 2,563,466
Taxation and social security 181,854 183,038
Other creditors 56,204 23,520
2,004,858 2,927,638

7. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Graham Wiseman FCA (Senior Statutory Auditor)
for and on behalf of Boler Wiseman

8. OTHER FINANCIAL COMMITMENTS

The company has an arrangement in place that entitles one of the directors to a share of the profits if the company is sold, but as there is no intention to sell / imminent sale no value can be reliably assessed.

ALBION COMPONENTS LTD (REGISTERED NUMBER: 07163111)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2024


9. ULTIMATE CONTROLLING PARTY

Ultimate control of the company resides with the shareholders of the parent company.

The parent and ultimate holding company is Albion 4C Ltd, whose registered office is:
8 Tollgate Estate, Romsey, S051 0HE

Copies of the group accounts can be obtained online from Companies House.