Albion Pavement Limited - Accounts to registrar (filleted) - small 23.1.5

Albion Pavement Limited - Accounts to registrar (filleted) - small 23.1.5

ALBION PAVEMENT LIMITED - Company Information

Print Friendly Version

PTP Accounts Production v23.1.5.20 10018647 director 1.3.22 28.2.23 28.2.23 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh100186472022-02-28100186472023-02-28100186472022-03-012023-02-28100186472021-02-28100186472021-03-012022-02-28100186472022-02-2810018647ns15:EnglandWales2022-03-012023-02-2810018647ns14:PoundSterling2022-03-012023-02-2810018647ns10:Director12022-03-012023-02-2810018647ns10:PrivateLimitedCompanyLtd2022-03-012023-02-2810018647ns10:SmallEntities2022-03-012023-02-2810018647ns10:AuditExempt-NoAccountantsReport2022-03-012023-02-2810018647ns10:SmallCompaniesRegimeForDirectorsReport2022-03-012023-02-2810018647ns10:SmallCompaniesRegimeForAccounts2022-03-012023-02-2810018647ns10:FullAccounts2022-03-012023-02-2810018647ns10:OrdinaryShareClass12022-03-012023-02-2810018647ns10:RegisteredOffice2022-03-012023-02-2810018647ns5:CurrentFinancialInstruments2023-02-2810018647ns5:CurrentFinancialInstruments2022-02-2810018647ns5:Non-currentFinancialInstruments2023-02-2810018647ns5:Non-currentFinancialInstruments2022-02-2810018647ns5:ShareCapital2023-02-2810018647ns5:ShareCapital2022-02-2810018647ns5:RetainedEarningsAccumulatedLosses2023-02-2810018647ns5:RetainedEarningsAccumulatedLosses2022-02-2810018647ns5:FurnitureFittings2022-03-012023-02-2810018647ns5:ComputerEquipment2022-03-012023-02-2810018647ns5:FurnitureFittings2022-02-2810018647ns5:ComputerEquipment2022-02-2810018647ns5:FurnitureFittings2023-02-2810018647ns5:ComputerEquipment2023-02-2810018647ns5:FurnitureFittings2022-02-2810018647ns5:ComputerEquipment2022-02-2810018647ns5:CostValuation2022-02-2810018647ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-02-2810018647ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-02-2810018647ns10:OrdinaryShareClass12023-02-28100186471ns10:Director12022-02-28100186471ns10:Director12021-02-28100186471ns10:Director12022-03-012023-02-28100186471ns10:Director12021-03-012022-02-28100186471ns10:Director12023-02-28100186471ns10:Director12022-02-28
REGISTERED NUMBER: 10018647 (England and Wales)















Financial Statements for the Year Ended 28 February 2023

for

Albion Pavement Limited
Albion Pavement Limited (Registered number: 10018647)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Albion Pavement Limited

Company Information
for the Year Ended 28 February 2023







DIRECTOR: H Sorour





REGISTERED OFFICE: 147 Chiswick High Road
London
W4 2DT





REGISTERED NUMBER: 10018647 (England and Wales)





Page 1
Albion Pavement Limited (Registered number: 10018647)

Balance Sheet
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 14,711 15,850
Investments 5 750 750
15,461 16,600

CURRENT ASSETS
Debtors 6 509,778 506,109
Cash at bank and in hand 15,362 45,144
525,140 551,253
CREDITORS
Amounts falling due within one year 7 401,794 350,066
NET CURRENT ASSETS 123,346 201,187
TOTAL ASSETS LESS CURRENT
LIABILITIES
138,807
217,787

CREDITORS
Amounts falling due after more than
one year
8
130,000
170,000
NET ASSETS 8,807 47,787

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 8,707 47,687
SHAREHOLDERS' FUNDS 8,807 47,787

The notes form part of these financial statements

Page 2 continued...
Albion Pavement Limited (Registered number: 10018647)

Balance Sheet - continued
28 February 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 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 27 October 2023 and were signed by:





H Sorour - Director


The notes form part of these financial statements

Page 3
Albion Pavement Limited (Registered number: 10018647)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

Albion Pavement 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
Office equipment - 25% on reducing balance

Investments in subsidiaries
Investment in unlisted shares in subsidiaries are included at cost less impairment, unless fair value can be measured reliably, in which case they are measured at fair value.

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.

Page 4 continued...
Albion Pavement Limited (Registered number: 10018647)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Operating lease payments
Payments made under operating leases are recognised in the income statement on a straight-line basis over the term of the lease. Incentives to enter into an operating lease are also spread on a straight-line basis over the lease term as a reduction in rental expense.

Going concern
The director has formed a judgement, at the time of approving the financial statements, that there is a reasonable expectation that the company will continue to be in existence for the foreseeable future with the financial support from the director/shareholder if required. For this reason the director continues to adopt the going concern basis in preparing these financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 9 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Office
fittings equipment Totals
£    £    £   
COST
At 1 March 2022 1,298 36,756 38,054
Additions - 3,764 3,764
At 28 February 2023 1,298 40,520 41,818
DEPRECIATION
At 1 March 2022 848 21,356 22,204
Charge for year 112 4,791 4,903
At 28 February 2023 960 26,147 27,107
NET BOOK VALUE
At 28 February 2023 338 14,373 14,711
At 28 February 2022 450 15,400 15,850

Page 5 continued...
Albion Pavement Limited (Registered number: 10018647)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakin
£   
COST
At 1 March 2022
and 28 February 2023 750
NET BOOK VALUE
At 28 February 2023 750
At 28 February 2022 750

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade debtors 242,760 106,086
Amounts owed by associates 7,379 50,024
Other debtors 259,639 349,999
509,778 506,109

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Bank loans and overdrafts 40,000 30,000
Trade creditors 67,363 202,974
Amounts owed to associates - 3,580
Taxation and social security 178,213 106,913
Other creditors 116,218 6,599
401,794 350,066

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
28.2.23 28.2.22
£    £   
Bank loans 130,000 170,000

Amounts falling due in more than five years:

Repayable by instalments
CBILS loan (long term) 130,000 170,000

Page 6 continued...
Albion Pavement Limited (Registered number: 10018647)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 28.2.23 28.2.22
value: £    £   
100 Ordinary 1 100 100

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 28 February 2023 and 28 February 2022:

28.2.23 28.2.22
£    £   
H Sorour
Balance outstanding at start of year (23,955 ) 99,699
Amounts advanced 5,084 -
Amounts repaid - (123,654 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (18,871 ) (23,955 )

11. RELATED PARTY DISCLOSURES

Dividends approved and declared during the year, payable to the director in their capacity as a shareholder amounted to £235,000 (2022: £650,000).

At the balance sheet date, amount outstanding payable to the director amounted to £18,871 (2022: £23,955). Interest is charged at 2.5% per annum on overdrawn balance on the director loan account during the year.

12. ULTIMATE CONTROLLING PARTY

Husam Sorour controlled the company by virtue of holding a controlling interest of 100% of the issued share capital.

Page 7