Accounts filed on 31-03-2019


Registered number: 06860213






Albion Hydraulics Limited


ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2019
























Prepared By:
Berry Kearsley Stockwell Ltd
Accountants
Sterling House
31-32 High Street
Wellingborough
Northants
NN8 4HL


ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2019





DIRECTORS
J R Viewing


REGISTERED OFFICE
32 High Street
Souldrop
Bedfordshire
MK44 1EY


COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 06860213



ACCOUNTANTS
Berry Kearsley Stockwell Ltd
Accountants
Sterling House
31-32 High Street
Wellingborough
Northants
NN8 4HL


ACCOUNTS
FOR THEYEARENDED31 MARCH 2019



CONTENTS



		Page

Directors' Report		-

Accountants' Report		-

Statement Of Comprehensive Income		-

Balance Sheet		3

Notes To The Accounts		4


The following do not form part of the statutory financial statements:

Trading And Profit And Loss Account		-

Profit And Loss Account Summaries		-


BALANCE SHEET AT 31 March 2019

			2019		2018
	Notes		£		£

FIXED ASSETS
Tangible assets	2		-		182

CURRENT ASSETS
Stock		6,000		8,795
Debtors	4	21,424		35,358
Cash at bank and in hand		2,329		453
		29,753		44,606
CREDITORS: Amounts falling due within one year	5	18,041		33,269
NET CURRENT ASSETS			11,712		11,337
TOTAL ASSETS LESS CURRENT LIABILITIES			11,712		11,519


CREDITORS: Amounts falling due after more than one year	6		11,385		11,385

NET ASSETS			327		134

CAPITAL AND RESERVES

Called up share capital	8		101		101
Profit and loss account			226		33
SHAREHOLDERS' FUNDS			327		134

For the year ending 31 March 2019 the company was entitled to exemption 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 directors acknowledge their 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 directors have decided not to deliver to the registrar a copy of the company's profit and loss account.

Approved by the board on 17 December 2019 and signed on their behalf by



.............................
J R Viewing
Director

1. ACCOUNTING POLICIES




1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .




1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Equipment		straight line 33%




1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.




4. DEBTORS	2019	2018
	£	£
Amounts falling due within one year
Trade debtors	9,970	26,636
VAT	696	-
Directors current account	10,758	8,722
	21,424	35,358




5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
	2019	2018
	£	£
UK corporation tax	4,498	505
VAT	-	276
Trade creditors	11,738	30,796
Accruals	1,805	1,692
	18,041	33,269




6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
	2019	2018
	£	£
Other creditors > 1yr	11,385	11,385
	11,385	11,385

As of 31/03/2017 the company owed Ranger Computers Limited £11,385 (2016 - £11,385) in relation to a long-term loan. Ranger Computers Limited has 15% shareholding in the business.




8. SHARE CAPITAL	2019	2018
	£	£
Allotted, issued and fully paid:
100 Ordinary shares of £1 each	100	100
1 Class A shares of £1 each	1	1
	101	101




9. CONTROLLING PARTY
The company is controlled by Mr Jeremy Viewing.




10. RELATED PARTY TRANSACTIONS
During the year, total dividends of £18,500 (2018 - £1,961.16) were paid to the director.