Albstar Logistics Ltd - Accounts

ALBSTAR LOGISTICS LTD - Company Information

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Registered Number: 12992934

England and Wales

ALBSTAR LOGISTICS LTD

Abridged Accounts

Period of accounts

Start date: 01 July 2021

End date: 30 June 2022

Albstar Logistics Ltd
Contents Page
For the year ended 30 June 2022

Accountants' report	1
Balance sheet	2
Notes to the financial statements	3

Albstar Logistics Ltd Accountants' Report For the year ended 30 June 2022
Accountants report You consider that the company is exempt from an audit for the year ended 30 June 2022 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year. In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us. We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts. .................................................... Akhter's Limited Accountants and Business Advisors Akhter House 64 Castle Boulevard Nottingham NG7 1FN 16 June 2023 1

Albstar Logistics Ltd
Accountants' Report
For the year ended 30 June 2022

Accountants report You consider that the company is exempt from an audit for the year ended 30 June 2022 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year. In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us. We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.

....................................................
Akhter's Limited Accountants and Business Advisors
Akhter House
64 Castle Boulevard
Nottingham
NG7 1FN
16 June 2023

Albstar Logistics Ltd
Balance Sheet
As at 30 June 2022

	Notes	2022 £	2021 £
Fixed assets
Tangible fixed assets	3	44,569	0
		44,569	0
Current assets
Stocks		68,850	65,700
Debtors		7,333	284
Cash at bank and in hand		651	1,304
		76,834	67,288
Creditors: amount falling due within one year		(750)	(840)
Net current assets		76,084	66,448

Total assets less current liabilities		120,653	66,448
Creditors: amount falling due after more than one year		(135,207)	(67,242)
Net liabilities		(14,554)	(794)

Capital and reserves
Called up share capital	4	100	100
Profit and loss account		(14,654)	(894)
Shareholder's funds		(14,554)	(794)

For the year ended 30 June 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006 the profit and loss account has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved by the director on 16 June 2023 and were signed by:

Mr Aurel Capo
Director

Albstar Logistics Ltd
Notes to the Abridged Financial Statements
For the year ended 30 June 2022

General Information

Albstar Logistics Ltd is a private company, limited by shares, registered in England and Wales, registration number 12992934, registration address 79 Mottram Road, Beeston, Nottingham, NG9 4FW.

The presentation currency is £ sterling.

Accounting policies

Significant accounting policies

The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Taxation

Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Motor Vehicles

18% 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. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

2.	Average number of employees Average number of employees during the year was 1 (2021 : 1).

Tangible fixed assets

Cost or valuation	Motor Vehicles	Total
	£	£
At 01 July 2021	-	-
Additions	50,808	50,808
Disposals	-	-
At 30 June 2022	50,808	50,808
Depreciation
At 01 July 2021	-	-
Charge for year	6,239	6,239
On disposals	-	-
At 30 June 2022	6,239	6,239
Net book values
Closing balance as at 30 June 2022	44,569	44,569
Opening balance as at 01 July 2021	-	-

Share Capital

Allotted, called up and fully paid	2022 £		2021 £
100 Ordinary shares of £1.00 each	100		100
	100		100

Related parties

During the year the company entered into the following transactions with related parties:

	Transaction value - income/(expenses)		Balance owed by/(owed to)
	2022 £	2021 £	2022 £	2021 £
Albo Star Limited	0	(16,000)	(16,000)	(16,000)
W12 Cars Limited	(5,500)	0	(5,500)	0
A C Property Renovations Limited	(66,000)	0	(66,000)	0

The director Mr Aurel Capo is also a director in Albo Star Limited. At the balance sheet date, the company owes an interest free loan to Albo Star Limited, included within creditors due after more than one year.
The director Mr Aurel Capo is also a director in W12 Cars Limited. At the balance sheet date, the company owes an interest free loan to W12 Cars Limited, included within creditors due after more than one year.
The director Mr Aurel Capo is also a director in A C Property Renovations Limited. At the balance sheet date, the company owes an interest free loan to A C Property Renovations Limited, included within creditors due after more than one year.