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REGISTERED NUMBER: 02455924 (England and Wales)















ALLENS (STOURBRIDGE) TRANSPORT LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022






ALLENS (STOURBRIDGE) TRANSPORT LIMITED (REGISTERED NUMBER: 02455924)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022










Page

Company Information 1

Chartered Accountants' Report 2

Statement of Financial Position 3

Notes to the Financial Statements 5


ALLENS (STOURBRIDGE) TRANSPORT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2022







DIRECTORS: Mr. J.C.S. Allen
Mrs. L.E. Allen
Mr J.M.S. Allen



REGISTERED OFFICE: 15-17 Church Street
Stourbridge
West Midlands
DY8 1LU



REGISTERED NUMBER: 02455924 (England and Wales)



ACCOUNTANTS: Folkes Worton LLP
15-17 Church Street
Stourbridge
West Midlands
DY8 1LU



BANKERS: HSBC Bank plc
114 High Street
Stourbridge
West Midlands
DY8 1DZ

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
ALLENS (STOURBRIDGE) TRANSPORT LIMITED


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Statement of Comprehensive Income and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Allens (Stourbridge) Transport Limited for the year ended 31 March 2022 which comprise the Income Statement, Statement of Financial Position, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Allens (Stourbridge) Transport Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Allens (Stourbridge) Transport Limited and state those matters that we have agreed to state to the Board of Directors of Allens (Stourbridge) Transport Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Allens (Stourbridge) Transport Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Allens (Stourbridge) Transport Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Allens (Stourbridge) Transport Limited. You consider that Allens (Stourbridge) Transport Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Allens (Stourbridge) Transport Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Folkes Worton LLP
15-17 Church Street
Stourbridge
West Midlands
DY8 1LU


13 July 2022

ALLENS (STOURBRIDGE) TRANSPORT LIMITED (REGISTERED NUMBER: 02455924)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,455,771 1,042,541

CURRENT ASSETS
Stocks 5 29,157 21,314
Debtors 6 485,989 446,595
Cash at bank and in hand 638,248 931,951
1,153,394 1,399,860
CREDITORS
Amounts falling due within one year 7 553,646 704,802
NET CURRENT ASSETS 599,748 695,058
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,055,519

1,737,599

CREDITORS
Amounts falling due after more than one
year

8

(950,272

)

(755,507

)

PROVISIONS FOR LIABILITIES (205,936 ) (149,049 )
NET ASSETS 899,311 833,043

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 899,211 832,943
SHAREHOLDERS' FUNDS 899,311 833,043

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 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.

ALLENS (STOURBRIDGE) TRANSPORT LIMITED (REGISTERED NUMBER: 02455924)

STATEMENT OF FINANCIAL POSITION - continued
31 MARCH 2022


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 Board of Directors and authorised for issue on 13 July 2022 and were signed on its behalf by:





Mr. J.C.S. Allen - Director


ALLENS (STOURBRIDGE) TRANSPORT LIMITED (REGISTERED NUMBER: 02455924)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022


1. STATUTORY INFORMATION

Allens (Stourbridge) Transport 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.

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 represents net sales of goods/services, 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on 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.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 22 (2021 - 22 ) .

ALLENS (STOURBRIDGE) TRANSPORT LIMITED (REGISTERED NUMBER: 02455924)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2022


4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 April 2021 231,796 30,717 2,571,372 2,833,885
Additions - - 723,272 723,272
Disposals - - (9,000 ) (9,000 )
At 31 March 2022 231,796 30,717 3,285,644 3,548,157
DEPRECIATION
At 1 April 2021 191,303 21,244 1,578,797 1,791,344
Charge for year 8,100 2,370 297,971 308,441
Eliminated on disposal - - (7,399 ) (7,399 )
At 31 March 2022 199,403 23,614 1,869,369 2,092,386
NET BOOK VALUE
At 31 March 2022 32,393 7,103 1,416,275 1,455,771
At 31 March 2021 40,493 9,473 992,575 1,042,541

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 April 2021 28,550 2,032,950 2,061,500
Additions - 697,550 697,550
Transfer to ownership - (192,800 ) (192,800 )
At 31 March 2022 28,550 2,537,700 2,566,250
DEPRECIATION
At 1 April 2021 20,760 1,117,074 1,137,834
Charge for year 1,558 262,963 264,521
Transfer to ownership - (153,601 ) (153,601 )
At 31 March 2022 22,318 1,226,436 1,248,754
NET BOOK VALUE
At 31 March 2022 6,232 1,311,264 1,317,496
At 31 March 2021 7,790 915,876 923,666

5. STOCKS
2022 2021
£    £   
Stocks 29,157 21,314

ALLENS (STOURBRIDGE) TRANSPORT LIMITED (REGISTERED NUMBER: 02455924)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2022


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 456,458 430,508
Other debtors 29,531 16,087
485,989 446,595

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Hire purchase contracts 404,538 364,117
Trade creditors 117,606 55,523
Taxation and social security 26,114 207,481
Other creditors 5,388 77,681
553,646 704,802

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2022 2021
£    £   
Hire purchase contracts 950,272 755,507

9. RELATED PARTY DISCLOSURES

During the year Allens (Stourbridge) Transport Limited paid rent of £77,500 (2021: £60,000) in respect of property owned by Mr J.C.S. & Mrs L.E. Allen.

At the balance sheet date, they owed the sum of £6,354 (2021: £6,354) to Allen's (Stourbridge) Transport Limited.

10. ULTIMATE CONTROLLING PARTY

The ultimate control of the company is exercised by Mr J.C.S. and Mrs L.E. Allen by virtue of their shareholding in the parent company, Allens Transport Holdings Limited.