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Registered number: 11401960
Alb Brickwork Limited
Unaudited Financial Statements
For the Period 1 July 2024 to 31 May 2025
Xeinadin South Essex Limited
Cumberland House
24 - 28 Baxter Avenue
Southend on Sea
Essex
SS2 6HZ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 11401960
31 May 2025 30 June 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 151,484 131,313
151,484 131,313
CURRENT ASSETS
Stocks 5 575,038 73,329
Debtors 6 844,235 587,843
Cash at bank and in hand 5,013 10,354
1,424,286 671,526
Creditors: Amounts Falling Due Within One Year 7 (975,861 ) (237,604 )
NET CURRENT ASSETS (LIABILITIES) 448,425 433,922
TOTAL ASSETS LESS CURRENT LIABILITIES 599,909 565,235
Creditors: Amounts Falling Due After More Than One Year 8 (150,139 ) (146,793 )
NET ASSETS 449,770 418,442
CAPITAL AND RESERVES
Called up share capital 10 10 10
Profit and Loss Account 449,760 418,432
SHAREHOLDERS' FUNDS 449,770 418,442
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For the period ending 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Oliger Bushi
Director
15/04/2026
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Alb Brickwork Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11401960 . The registered office is Bridge House, High Street , Redbourn, St Albans, AL3 7LJ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% reducing balance
Motor Vehicles 25% reducing balance
Computer Equipment 33% reducing balance
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2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
2.5. 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 stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the period, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
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3. Average Number of Employees
Average number of employees, including directors, during the period was: 7 (2024: 5)
7 5
4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 July 2024 30,530 231,431 19,892 281,853
Additions 12,593 98,149 2,069 112,811
Disposals - (86,546 ) - (86,546 )
As at 31 May 2025 43,123 243,034 21,961 308,118
Depreciation
As at 1 July 2024 12,395 123,612 14,533 150,540
Provided during the period 5,281 31,634 5,841 42,756
Disposals - (36,662 ) - (36,662 )
As at 31 May 2025 17,676 118,584 20,374 156,634
Net Book Value
As at 31 May 2025 25,447 124,450 1,587 151,484
As at 1 July 2024 18,135 107,819 5,359 131,313
5. Stocks
31 May 2025 30 June 2024
£ £
Materials 130,038 73,329
Work in progress 445,000 -
575,038 73,329
6. Debtors
31 May 2025 30 June 2024
£ £
Due within one year
Trade debtors 621,815 372,762
Other debtors 222,420 215,081
844,235 587,843
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7. Creditors: Amounts Falling Due Within One Year
31 May 2025 30 June 2024
£ £
Trade creditors 261,597 102,863
Bank loans and overdrafts - 54,994
Amounts owed to participating interests 51,691 -
Other creditors 559,307 13,951
Taxation and social security 103,266 65,796
975,861 237,604
8. Creditors: Amounts Falling Due After More Than One Year
31 May 2025 30 June 2024
£ £
Net obligations under finance lease and hire purchase contracts 150,139 137,210
Bank loans - 9,583
150,139 146,793
9. Obligations Under Finance Leases and Hire Purchase
31 May 2025 30 June 2024
£ £
The future minimum finance lease payments are as follows:
Later than one year and not later than five years 150,139 137,210
10. Share Capital
31 May 2025 30 June 2024
£ £
Allotted, Called up and fully paid 10 10
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