Albany Design & Build Ltd - Limited company - abbreviated

REGISTERED NUMBER: 04858137 (England and Wales)

ALBANY DESIGN & BUILD LTD

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 2014

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mr P L Tonks

Mr P T L Tonks

SECRETARY:

Mr P T L Tonks

REGISTERED OFFICE:

69 Fairoaks Drive

Great Wyrley

Walsall

WS6 6HA

REGISTERED NUMBER:

04858137 (England and Wales)

FIXED ASSETS

Tangible assets

2

1,767

2,539

Investments

3

80,000

81,767

82,539

CURRENT ASSETS

Stocks

6,967

Debtors

184

Cash in hand

500

7,651

CREDITORS

Amounts falling due within one year

4

28,431

23,782

NET CURRENT LIABILITIES

(20,780

)

(16,131

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

60,987

66,408

CREDITORS

Amounts falling due after more than one year

4

(65,288

)

(65,288

)

PROVISIONS FOR LIABILITIES

-

(508

)

NET (LIABILITIES)/ASSETS

(4,301

)

612

CAPITAL AND RESERVES

Called up share capital

5

1

Profit and loss account

(4,302

)

611

SHAREHOLDERS' FUNDS

(4,301

)

612

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2014 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 20 August 2015 and were signed on its behalf by:

Mr P T L Tonks - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

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

-

15% on reducing balance and 25% on cost

Motor vehicles

-

25% on reducing balance

Computer equipment

-

15% on reducing balance and 25% on cost

Stocks

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 items.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

Investment property

Investment property is not depreciated as the current market value is considered to be at least equal to the net

realisable value.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2013

and 31 August 2014

11,622

DEPRECIATION

At 1 September 2013

9,083

Charge for year

772

At 31 August 2014

9,855

NET BOOK VALUE

At 31 August 2014

1,767

At 31 August 2013

2,539

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 September 2013

and 31 August 2014

80,000

NET BOOK VALUE

At 31 August 2014

80,000

At 31 August 2013

80,000

4.

CREDITORS

Creditors include an amount of £ 72,460 (31.8.13 - £ 72,244 ) for which security has been given.

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.14

31.8.13

value:

£

100

Ordinary shares

1p

1

Albany Design & Build Ltd - Limited company - abbreviated - 11.6

Albany Design & Build Ltd - Limited company - abbreviated - 11.6