Albol Electronic & Mechanical Products Ltd

Registered number

00859020

Filleted Accounts

31 December 2024

Albol Electronic & Mechanical Products Ltd
Registered number:		00859020
Balance Sheet
as at 31 December 2024

Notes			2024			2023
£				£
Fixed assets
Tangible assets	3		-			965,833
Investments	4		992,792			-
			992,792			965,833

Current assets
Stocks		-			23
Debtors	5	451,758			410,390
Cash at bank and in hand		40,646			28,845
		492,404			439,258

Creditors: amounts falling due within one year	6	(646,650)			(909,424)

Net current liabilities			(154,246)			(470,166)

Total assets less current liabilities			838,546			495,667

Creditors: amounts falling due after more than one year	7		(468,194)			(127,976)



Net assets			370,352			367,691

Capital and reserves
Called up share capital			10,000			10,000
Profit and loss account			360,352			357,691

Shareholders' funds			370,352			367,691

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.



W K PTAK
Director
Approved by the board on 4 September 2025

Albol Electronic & Mechanical Products Ltd
Notes to the Accounts
for the year ended 31 December 2024


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:




	Fixtures, fittings	10% reducing balance

	Land and buildings
	It is the company policy, by a programme of repair and refurbishment, to maintain the property so that the residual value is at least equal to its book value. Having regard to this, it is the opinion of the Directors that depreciation of the property would not be material.

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees			2024		2023
Number					Number

	Average number of persons employed by the company			2		4


3	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Total
£			£		£
	Cost
	At 1 January 2024	960,894		101,972		1,062,866
	Disposals	(960,894)		(101,972)		(1,062,866)
	At 31 December 2024	-		-		-

	Depreciation
	At 1 January 2024	-		97,033		97,033
	On disposals	-		(97,033)		(97,033)
	At 31 December 2024	-		-		-

	Net book value
	At 31 December 2024	-		-		-
	At 31 December 2023	960,894		4,939		965,833


4	Investment

Other
investments
£
	Cost
	Additions					992,792

	At 31 December 2024					992,792

	During the year, a property was reclassified from land and buildings to investment property, reflecting its change in use to being held for investment purposes. Investment properties are carried at fair value, with movements recognised in the profit and loss account.

5	Debtors			2024		2023
£					£

	Trade debtors			-		24,138
	Other debtors			451,758		386,252
				451,758		410,390


6	Creditors: amounts falling due within one year			2024		2023
£					£

	Bank loans and overdrafts			29,871		23,468
	Trade creditors			103,263		54,275
	Taxation and social security costs			870		3,696
	Accruals and deferred income			70,000		77,940
	Other creditors			442,646		750,045
				646,650		909,424


7	Creditors: amounts falling due after one year			2024		2023
£					£

	Bank loans			468,194		127,976


8	Related party transactions

	Albol Properties Ltd and Albol Electronic & Mechanical Products Ltd are controlld by the same person. Albol Properties Ltd owed Albol Electronic & Mechanical Products Ltd £395,161.96 as at 31/12/2024 (2023: £383,771.96).


9	Other information

	Albol Electronic & Mechanical Products Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	159 RAVENSCROFT ROAD
	BECKENHAM
	KENT
	BR3 4TN