REGISTERED NUMBER: 09347218 (England and Wales)

ALBURY ASSOCIATES LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

44,963

6,582

44,963

6,582

CURRENT ASSETS

Stocks

35,710

950

Debtors

6

218,195

219,306

Cash at bank

1,226

60,702

255,131

280,958

CREDITORS

Amounts falling due within one year

7

114,118

115,088

NET CURRENT ASSETS

141,013

165,870

TOTAL ASSETS LESS CURRENT LIABILITIES

185,976

172,452

CREDITORS

Amounts falling due after more than one year

8

41,850

14,756

NET ASSETS

144,126

157,696

CAPITAL AND RESERVES

Called up share capital

10

1,000

1,000

Retained earnings

11

143,126

156,696

SHAREHOLDERS' FUNDS

144,126

157,696

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

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 30 September 2025 and were signed by:

K D Patel - Director

1.	STATUTORY INFORMATION

Albury Associates Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

09347218

Registered office:

2nd Floor, One Hobbs House,

Harrovian Business Village

Bessborough Road

Harrow

Middlesex

HA1 3EX

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 amounts receivable for services rendered, net of VAT.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of five years.

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

-

33% on cost and 20% on reducing balance

Stocks

Stocks comprise work in progress, which is valued at the lower of cost and net realisable value, excluding VAT.

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 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 8 (2023 - 8 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

84,546

AMORTISATION

At 1 January 2024

and 31 December 2024

84,546

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

59,984

Additions

54,574

At 31 December 2024

114,558

DEPRECIATION

At 1 January 2024

53,402

Charge for year

16,193

At 31 December 2024

69,595

NET BOOK VALUE

At 31 December 2024

44,963

At 31 December 2023

6,582

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

125,827

132,507

Other debtors

92,368

86,799

218,195

219,306

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

10,432

10,173

Hire purchase contracts

6,758

-

Trade creditors

27,318

25,968

Taxation and social security

40,469

47,933

Other creditors

29,141

31,014

114,118

115,088

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

4,359

14,756

Hire purchase contracts

37,491

-

41,850

14,756

9.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Hire purchase contracts

44,249

-

The Hire purchase contracts are secured against the motor vehicle acquired during the year.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

1,000

Ordinary shares

£1

1,000

1,000

11.

RESERVES

Retained

earnings

£

At 1 January 2024

156,696

Profit for the year

79,930

Dividends

(93,500

)

At 31 December 2024

143,126

12.	RELATED PARTY DISCLOSURES

At the year end date, included within Creditors, amounts falling due within one year is an amount of £136 (2023: £30,907) due to the director.

This amount is unsecured, interest-free and payable on demand.

13.	ULTIMATE CONTROLLING PARTY

The controlling party is K D Patel.