Albion Wealth Solutions Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07088726 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 November 2019

for

Albion Wealth Solutions Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

J T Ford

Mrs L D Ford

SECRETARY:

REGISTERED OFFICE:

27 Lambert Avenue

Shurdington

Cheltenham

Gloucestershire

GL51 4SS

REGISTERED NUMBER:

07088726 (England and Wales)

ACCOUNTANTS:

Trio Accountancy Services Ltd

19 Rodney Road

Cheltenham

Gloucestershire

GL50 1HX

FIXED ASSETS

Tangible assets

4

609

813

CURRENT ASSETS

Cash at bank

24,776

27,940

CREDITORS

Amounts falling due within one year

5

16,864

20,911

NET CURRENT ASSETS

7,912

7,029

TOTAL ASSETS LESS CURRENT LIABILITIES

8,521

7,842

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

8,421

7,742

SHAREHOLDERS' FUNDS

8,521

7,842

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2019 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.

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 5 May 2020 and were signed on its behalf by:

J T Ford - Director

Mrs L D Ford - Director

1.	STATUTORY INFORMATION

Albion Wealth Solutions Ltd is a private company, limited by shares , registered in England and Wales. 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 measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

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

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2018 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Computer

machinery

equipment

Totals

£

£

£

COST

At 1 December 2018

and 30 November 2019

378

1,911

2,289

DEPRECIATION

At 1 December 2018

340

1,136

1,476

Charge for year

10

194

204

At 30 November 2019

350

1,330

1,680

NET BOOK VALUE

At 30 November 2019

28

581

609

At 30 November 2018

38

775

813

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.19

30.11.18

£

£

Tax

7,752

11,799

Directors' current accounts

8,056

8,056

Accrued expenses

1,056

1,056

16,864

20,911