Albanygate Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 02740575 (England and Wales)

Financial statements

for the year ended 30 September 2019

For

ALBANYGATE LIMITED

Page

Company information

1

Balance sheet

2

Notes to the financial statements

4

Director:

G Misser

Secretary:

T Richardson

Registered office:

Old Station Road

Loughton

Essex

IG10 4PL

Registered number:

02740575 (England and Wales)

Accountants:

Haslers

Chartered Accountants

Old Station Road

Loughton

Essex

IG10 4PL

Bankers:

HSBC

36 Highbridge Street

Waltham Abbey

Essex

EN9 1BT

Fixed assets

Tangible assets

4

21,597

17,584

Current assets

Debtors

5

22,424

17,186

Cash at bank and in hand

577

1,487

23,001

18,673

Creditors

Amounts falling due within one year

6

11,409

7,771

Net current assets

11,592

10,902

Total assets less current liabilities

33,189

28,486

Provisions for liabilities

2,415

Net assets

30,774

26,071

Capital and reserves

Called up share capital

90

Retained earnings

7

30,684

25,981

Shareholders' funds

30,774

26,071

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 18 August 2020 and were
signed by:

G Misser - Director

1.	Statutory information

Albanygate Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

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 4 (2018 - 6 ) .

4.	Tangible fixed assets

Fixtures

and

Motor

fittings

vehicles

Totals

£

Cost

At 1 October 2018

10,575

91,999

102,574

Additions

-

18,000

Disposals

-

(18,000

)

(18,000

)

At 30 September 2019

10,575

91,999

102,574

Depreciation

At 1 October 2018

10,070

74,920

84,990

Charge for year

128

7,076

7,204

Eliminated on disposal

-

(11,217

)

(11,217

)

At 30 September 2019

10,198

70,779

80,977

Net book value

At 30 September 2019

377

21,220

21,597

At 30 September 2018

505

17,079

17,584

5.

Debtors: amounts falling due within one year

2019

2018

£

Trade debtors

6,768

2,375

Other debtors

375

VAT

15,281

14,436

22,424

17,186

6.

Creditors: amounts falling due within one year

2019

2018

£

Bank loans and overdrafts

1,954

-

Trade creditors

783

964

Tax

2,494

2,016

Social security and other taxes

45

156

Other creditors

300

2,247

Directors' current accounts

4,183

422

Accrued expenses

1,650

1,966

11,409

7,771

7.

Reserves

Retained

earnings

£

At 1 October 2018

25,981

Profit for the year

6,703

Dividends

(2,000

)

At 30 September 2019

30,684

Albanygate Limited - Accounts to registrar (filleted) - small 18.2

Albanygate Limited - Accounts to registrar (filleted) - small 18.2