Accounts filed on 31-03-2023


Registered number: 06860213






Albion Hydraulics Limited


ACCOUNTS

FOR THE YEAR ENDED 31/03/2023
























Prepared By:
Berry Kearsley Stockwell Ltd
Accountants
Sterling House
31-32 High Street
Wellingborough
Northants
NN8 4HL


ACCOUNTS
FOR THE YEAR ENDED 31/03/2023





DIRECTORS
J R Viewing


REGISTERED OFFICE
32 High Street
Souldrop
Bedfordshire
MK44 1EY


COMPANY DETAILS
registered in EW - England and Wales, registered number 06860213



ACCOUNTANTS
Berry Kearsley Stockwell Ltd
Accountants
Sterling House
31-32 High Street
Wellingborough
Northants
NN8 4HL


ACCOUNTS
FOR THEYEARENDED31/03/2023



CONTENTS



		Page

Directors' Report		-

Accountants' Report		-

Statement Of Comprehensive Income		-

Balance Sheet		3

Notes To The Accounts		4


The following do not form part of the statutory financial statements:

Trading And Profit And Loss Account		-

Profit And Loss Account Summaries		-


BALANCE SHEET AT 31/03/2023

			2023		2022
	Notes		£		£

FIXED ASSETS

CURRENT ASSETS
Stock		3,510		3,510
Debtors	5	20,259		20,259
Cash at bank and in hand		16,049		16,049
		39,818		39,818
CREDITORS: Amounts falling due within one year	6	39,548		39,548
NET CURRENT ASSETS			270		270
TOTAL ASSETS LESS CURRENT LIABILITIES			270		270


CREDITORS: Amounts falling due after more than one year	7		14,968		14,968

NET LIABILITIES			(14,698)		(14,698)

CAPITAL AND RESERVES

Called up share capital	8		101		101
Profit and loss account			(14,799)		(14,799)
SHAREHOLDERS' FUNDS			(14,698)		(14,698)

For the year ending 31/03/2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.

Approved by the board on 21/12/2023 and signed on their behalf by



.............................
J R Viewing
Director

1. ACCOUNTING POLICIES


1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .


1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.


1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.


5. DEBTORS	2023	2022
	£	£
Amounts falling due within one year
Trade debtors	10,608	10,608
Directors current account	9,651	9,651
	20,259	20,259


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
	2023	2022
	£	£
UK corporation tax	13,315	13,315
VAT	4,046	4,046
Bank loans and overdrafts	1,491	1,491
Bank Loan	3,794	3,794
Trade creditors	14,934	14,934
Accruals	1,968	1,968
	39,548	39,548


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
	2023	2022
	£	£
Bank loans (unsecured) >1yr	14,968	14,968
	14,968	14,968


8. SHARE CAPITAL	2023	2022
	£	£
Allotted, issued and fully paid:
100 Ordinary shares of £1 each	100	100
1 Class A shares of £1 each	1	1
	101	101