Albion_Overseas_Limited_30_Apr_2015_abbreviated_set_of_accounts.html

Albion_Overseas_Limited_30_Apr_2015_abbreviated_set_of_accounts.html

ALBION (OVERSEAS) LIMITED - Company Information

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Private Limited CompanyCompany accountstrue1 May 2014FYtruetruefalsetruetruefalsexbrli:purexbrli:sharesiso4217:GBP032829372014-04-302015-04-30032829372015-04-30032829372014-04-3003282937uk-bus:Director12014-04-302015-04-3003282937uk-bus:OrdinaryShareClass12014-04-302015-04-3003282937uk-bus:OrdinaryShareClass12013-04-302014-04-3003282937uk-bus:OrdinaryShareClass12015-04-3003282937uk-bus:OrdinaryShareClass12014-04-30
Company registration number:
03282937
Albion Overseas Limited
Abbreviated Financial Statements
for the year ended
30 April 2015
Albion Overseas Limited
Abbreviated Balance Sheet
30 April 2015
20152014
Note££
Current assets    
Stocks
4,440
 
9,840
 
Debtors
24,792
 
39,469
 
Cash at bank and in hand
97,518
 
110,147
 
126,750
 
159,456
 
Creditors: amounts falling due within one year
(95,044
 )
(123,822
 )
Net current assets
31,706
 
35,634
 
Total assets less current liabilities
31,706
 
35,634
 
Capital and reserves    
Called up share capital #
100
 
100
 
Profit and loss account
31,606
 
35,534
 
Shareholders funds
31,706
 
35,634
 
For the year ending
30 April 2015
, 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 financial statements for the year in question in accordance with section 476;
  • The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
These abbreviated financial statements were approved by the board of directors and authorised for issue on
25 January 2016
, and are signed on behalf of the board by:
D Cant
Director
Company registration number:
03282937
Albion Overseas Limited
Notes to the Abbreviated Accounts
Year ended
30 April 2015

Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover represents amounts invoiced during the year, exclusive of Value Added Tax and trade discounts. Turnover is recognised when the seller obtains the right to consideration in exchange for its performance, usually on dispatch of the goods.

Stocks

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

Pension costs

The company operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the company. The annual contributions payable are charged to the profit and loss account.

Operating leases

Leases are classified as operating leases where substantially all the benefits of ownerships remain with the lessor. Rentals payable under operating leases are charged to the profit and loss account on a straight-line basis over the lease term.

Called up share capital

Allotted, called up and fully paid

20152014
No.£No.£
Ord
shares of £​
1.00
each
100
 
100
 
100
 
100
 

Directors advances, credit and guarantees

At the end of the year a balance of £8740 was owed to the company by the Directors