ALB ENTERPRISES LTD - Accounts to registrar (filleted)

REGISTERED NUMBER: 09936917 (England and Wales)

ALB ENTERPRISES LTD

Unaudited Financial Statements

for the Year Ended 31 January 2020

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A M Barker

Mrs L K Barker

REGISTERED OFFICE:

1 Park View Court

St Paul's Road

Shipley

West Yorkshire

BD18 3DZ

REGISTERED NUMBER:

09936917 (England and Wales)

ACCOUNTANTS:

Maclean & Company

1 Park View Court

St Paul's Road

Shipley

West Yorkshire

BD18 3DZ

FIXED ASSETS

Tangible assets

4

121,841

112,885

CURRENT ASSETS

Stocks

6,000

6,500

Cash at bank

33,725

39,725

40,225

CREDITORS

Amounts falling due within one year

5

12,733

23,341

NET CURRENT ASSETS

26,992

16,884

TOTAL ASSETS LESS CURRENT
LIABILITIES

148,833

129,769

CREDITORS

Amounts falling due after more than one
year

6

67,000

NET ASSETS

81,833

62,769

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

81,733

62,669

SHAREHOLDERS' FUNDS

81,833

62,769

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2020 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 23 February 2021 and were signed on its behalf by:

A M Barker - Director

1.	STATUTORY INFORMATION

ALB ENTERPRISES 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.

Improvements to property

-

in accordance with the property

Fixtures and fittings

-

15% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2019 - 12 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

and

property

fittings

Totals

£

COST

At 1 February 2019

85,639

44,777

130,416

Additions

-

18,622

At 31 January 2020

85,639

63,399

149,038

DEPRECIATION

At 1 February 2019

8,584

8,947

17,531

Charge for year

4,292

5,374

9,666

At 31 January 2020

12,876

14,321

27,197

NET BOOK VALUE

At 31 January 2020

72,763

49,078

121,841

At 31 January 2019

77,055

35,830

112,885

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.20

31.1.19

£

Trade creditors

5,017

7,643

Taxation

7,716

15,698

12,733

23,341

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.1.20

31.1.19

£

Other creditors

67,000

ALB ENTERPRISES LTD - Accounts to registrar (filleted) - small 18.2

ALB ENTERPRISES LTD - Accounts to registrar (filleted) - small 18.2