REGISTERED NUMBER: SC302376 (Scotland)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

ALBANN LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

I G McDonald

N A Mohammed

A K F Mohammed

REGISTERED OFFICE:

13 Glasgow Road

Paisley

PA1 3QS

REGISTERED NUMBER:

SC302376 (Scotland)

ACCOUNTANTS:

Profit Counts Limited

13 Glasgow Road

Paisley

Renfrewshire

PA1 3QS

FIXED ASSETS

Tangible assets

4

131,158

134,804

Investments

5

-

-

131,158

134,804

CURRENT ASSETS

Stocks

284,802

180,883

Debtors: amounts falling due within one year

1,200,951

959,065

Cash at bank and in hand

424,028

532,171

1,909,781

1,672,119

CREDITORS

Amounts falling due within one year

1,069,531

898,134

NET CURRENT ASSETS

840,250

773,985

TOTAL ASSETS LESS CURRENT LIABILITIES

971,408

908,789

CREDITORS

Amounts falling due after more than one year

(2,500

)

(14,560

)

PROVISIONS FOR LIABILITIES

8

(24,042

)

(24,678

)

NET ASSETS

944,866

869,551

CAPITAL AND RESERVES

Called up share capital

9

100,000

100,000

Retained earnings

844,866

769,551

SHAREHOLDERS' FUNDS

944,866

869,551

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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 30 December 2025 and were signed on its behalf by:

A K F Mohammed - Director

1.	STATUTORY INFORMATION

Albann Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

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 is stated net of VAT and trade discounts. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due. Where the contract has only been partially completed at the balance sheet date turnover represents the value of the service provided to date based on a proportion of the total contract value. Where payments are received from customers in advance of services provided, the amounts are recorded as Deferred Income and included as part of Creditors due within one year.

Profit is recognised on long-term contracts, if the final outcome can be assessed with reasonable certainty, by including in the profit and loss account turnover and related costs as contract activity progresses. Turnover is calculated by reference to the value of work performed to date as a proportion of the total contract value.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

10% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

10% on cost

Stocks and work in progress

Stocks and work-in-progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. In the case of work-in-progress, costs include all direct material and labour expenditure and an appropriate proportion of production and all other relevant overheads on ongoing contracts.

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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whatever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the profit and loss account 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 27 (2024 - 27 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2024

510,213

Additions

13,988

At 31 March 2025

524,201

DEPRECIATION

At 1 April 2024

375,409

Charge for year

17,634

At 31 March 2025

393,043

NET BOOK VALUE

At 31 March 2025

131,158

At 31 March 2024

134,804

Contained within Fixed Assets at the year end are assets with an historic cost of £21,000 (2024: 21,000) which were purchased under Hire Purchase Agreements. Depreciation charged in the year on these assets was £2,100 (2024: £2,100).

5.	FIXED ASSET INVESTMENTS

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Albann Irvine Limited

Registered office:

Nature of business: Dormant

%

Class of shares:

holding

Ordinary shares of £1

100.00

Aggregate capital and reserves, £Nil (2024: £Nil)

6.

LOANS

An analysis of the maturity of loans is given below:

2025

2024

£

£

Amounts falling due within one year or on demand:

Bounce back loan

10,000

9,996

Amounts falling due between two and five years:

Bounce back loan

2,500

12,504

7.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Hire purchase contracts

1,542

8,223

8.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

Accelerated capital allowances

24,042

24,678

Deferred

tax

£

Balance at 1 April 2024

24,678

Provided during year

(636

)

Balance at 31 March 2025

24,042

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

37,000

Ordinary

£1

37,000

37,000

63,000

Deferred

£1

63,000

63,000

100,000

100,000

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included within debtors due within 12 months is £214,054 due from a director of the company (2024: £149,795 due to a director of the company, included in creditors due within 12 months). There is no fixed term for repayment of this amount and no interest is payable on sums due. The loan was a short term loan and was repaid on 13th May 2025 no interest was charged on the loan.

Included within creditors due within 12 months is £Nil (2024 545) due to a director of the company. There is no fixed term for repayment of this amount and no interest is payable on sums due