General Information
Albany Cleaning Solutions Ltd is a private company, limited by shares, registered in England and Wales, registration number 04646947, registration address 376 Newport Road, Cardiff, CF23 9AE.
The presentation currency is £ sterling.
| 1. |
Accounting policies
Significant accounting policies
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)
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the companys activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.
Operating lease rentals
Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.
Finance lease and hire purchase charges
The finance element of the rental payment is charged to the profit and loss account on a straight line basis.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
| Motor Vehicles |
25% Straight Line
|
| Fixtures and Fittings |
25% Straight Line
|
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
|
| 2. |
Average number of employees
Average number of employees during the year was 256 (2024 : 230).
|
| 3. |
Financial Commitments, Guarantees and Contingencies
The total amount of financial commitments not included in the balance sheet is £14,553 (2024 £21,469).
|
| 4. |
Tangible fixed assets
| Cost or valuation |
Motor Vehicles |
|
Fixtures and Fittings |
|
Total |
| |
£ |
|
£ |
|
£ |
| At 01 April 2024 |
68,356 |
|
39,854 |
|
108,210 |
| Additions |
40,270 |
|
4,710 |
|
44,980 |
| Disposals |
(15,485) |
|
- |
|
(15,485) |
| At 31 March 2025 |
93,141 |
|
44,564 |
|
137,705 |
| Depreciation |
| At 01 April 2024 |
35,206 |
|
28,473 |
|
63,679 |
| Charge for year |
18,352 |
|
2,024 |
|
20,376 |
| On disposals |
(14,514) |
|
- |
|
(14,514) |
| At 31 March 2025 |
39,044 |
|
30,497 |
|
69,541 |
| Net book values |
| Closing balance as at 31 March 2025 |
54,097 |
|
14,067 |
|
68,164 |
| Opening balance as at 01 April 2024 |
33,150 |
|
11,381 |
|
44,531 |
|
| 5. |
Stocks
|
2025
£ |
|
2024
£ |
| Stocks |
5,000 |
|
5,000 |
|
5,000 |
|
5,000 |
|
| 6. |
Debtors: amounts falling due within one year
|
2025
£ |
|
2024
£ |
| Trade Debtors |
274,438 |
|
297,196 |
| Prepayments & Accrued Income |
1,342 |
|
1,342 |
| Other Debtors |
840 |
|
840 |
|
276,620 |
|
299,378 |
|
| 7. |
Creditors: amount falling due within one year
|
2025
£ |
|
2024
£ |
| Trade Creditors |
28,309 |
|
32,505 |
| Bank Loans & Overdrafts |
10,000 |
|
10,000 |
| Corporation Tax |
57,713 |
|
55,126 |
| PAYE & Social Security |
6,007 |
|
12,320 |
| Accrued Expenses |
3,750 |
|
3,410 |
| Other Creditors |
19,629 |
|
21,813 |
| Obligations under HP/Financial Leases |
19,053 |
|
11,991 |
| Directors' Current Accounts |
6,635 |
|
4,387 |
| VAT |
189,013 |
|
170,467 |
|
340,109 |
|
322,019 |
|
| 8. |
Creditors: amount falling due after more than one year
|
2025
£ |
|
2024
£ |
| Bank Loans & Overdrafts |
1,647 |
|
11,647 |
| Obligations Under HP/Financial Leases |
32,373 |
|
19,356 |
|
34,020 |
|
31,003 |
|
| 9. |
Provisions for liabilities
|
2025
£ |
|
2024
£ |
| Deferred Tax |
11,133 |
|
11,133 |
| Charged to Profit & Loss |
3,504 |
|
0 |
|
14,637 |
|
11,133 |
|
| 10. |
Share Capital
Authorised
100 Ordinary shares of £1.00 each
Allotted, called up and fully paid
|
2025
£ |
|
2024
£ |
|
100
Ordinary shares of £1.00 each |
100 |
|
100 |
|
100 |
|
100 |
|
| 11. |
Creditors: amounts falling due within one year
Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £29,052 (2024 - £21,991).
|
| 12. |
Creditors: amounts falling due after more than one year
Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £23,893 (2024 - £34,020).
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3
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