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REGISTERED NUMBER: 01933299 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2023

FOR

ALLEN (PARK FOOT) LIMITED

ALLEN (PARK FOOT) LIMITED (REGISTERED NUMBER: 01933299)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 28 FEBRUARY 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


ALLEN (PARK FOOT) LIMITED

COMPANY INFORMATION
for the Year Ended 28 FEBRUARY 2023







DIRECTORS: Mrs B J Allen
Mr M E Bell
Mrs F J Bell
Miss E R Bell
Mrs J F Hughes
Mr J J Mowbray
Miss C Mowbray
Mr T J Allen





SECRETARY: Mrs B J Allen





REGISTERED OFFICE: Park Foot
Pooley Bridge
Penrith
Cumbria
CA10 2NA





REGISTERED NUMBER: 01933299 (England and Wales)





ACCOUNTANTS: Burnside
Chartered Accountants
and Statutory Auditor
61 Queen Square
Bristol
BS1 4JZ

ALLEN (PARK FOOT) LIMITED (REGISTERED NUMBER: 01933299)

STATEMENT OF FINANCIAL POSITION
28 FEBRUARY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 279,730 329,540
Tangible assets 5 9,061,518 6,954,023
9,341,248 7,283,563

CURRENT ASSETS
Stocks 508,759 143,179
Debtors 6 851,137 453,875
Cash at bank 873,372 2,753,136
2,233,268 3,350,190
CREDITORS
Amounts falling due within one year 7 4,460,140 4,138,179
NET CURRENT LIABILITIES (2,226,872 ) (787,989 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,114,376

6,495,574

PROVISIONS FOR LIABILITIES 330,676 240,852
NET ASSETS 6,783,700 6,254,722

CAPITAL AND RESERVES
Called up share capital 8 6,500 6,500
Retained earnings 6,777,200 6,248,222
SHAREHOLDERS' FUNDS 6,783,700 6,254,722

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 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.

ALLEN (PARK FOOT) LIMITED (REGISTERED NUMBER: 01933299)

STATEMENT OF FINANCIAL POSITION - continued
28 FEBRUARY 2023


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 20 November 2023 and were signed on its behalf by:




Mrs B J Allen - Director Mrs F J Bell - Director




Mr M E Bell - Director Mr T J Allen - Director


ALLEN (PARK FOOT) LIMITED (REGISTERED NUMBER: 01933299)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 28 FEBRUARY 2023

1. STATUTORY INFORMATION

Allen (Park Foot) 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.

Goodwill
Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business.It was acquired in stages between 2001 and 2014. It is originally recognised as an asset at cost and is amortised at 5% on the straight line method.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

ALLEN (PARK FOOT) LIMITED (REGISTERED NUMBER: 01933299)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 28 FEBRUARY 2023

2. ACCOUNTING POLICIES - continued

Tangible fixed assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Freehold property - 2% straight line
Plant and machinery - 25% reducing balance
Fixtures and fittings - 25% reducing balance
Motor vehicles - 25% reducing balance
Equipment - 33% straight line

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.

ALLEN (PARK FOOT) LIMITED (REGISTERED NUMBER: 01933299)

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 44 (2022 - 50 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2022
and 28 February 2023 996,204
AMORTISATION
At 1 March 2022 666,664
Charge for year 49,810
At 28 February 2023 716,474
NET BOOK VALUE
At 28 February 2023 279,730
At 28 February 2022 329,540

ALLEN (PARK FOOT) LIMITED (REGISTERED NUMBER: 01933299)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 28 FEBRUARY 2023

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1 March 2022 7,103,238 2,542,969 1,064,212
Additions 2,859,274 89,196 163,969
Disposals (808,133 ) (122,373 ) -
At 28 February 2023 9,154,379 2,509,792 1,228,181
DEPRECIATION
At 1 March 2022 1,534,843 1,873,595 580,809
Charge for year 130,184 150,020 123,208
Eliminated on disposal (118,526 ) (64,749 ) -
At 28 February 2023 1,546,501 1,958,866 704,017
NET BOOK VALUE
At 28 February 2023 7,607,878 550,926 524,164
At 28 February 2022 5,568,395 669,374 483,403

Motor
vehicles Equipment Totals
£    £    £   
COST
At 1 March 2022 343,995 84,205 11,138,619
Additions 149,815 156,779 3,419,033
Disposals (96,660 ) (2,611 ) (1,029,777 )
At 28 February 2023 397,150 238,373 13,527,875
DEPRECIATION
At 1 March 2022 136,193 59,156 4,184,596
Charge for year 64,928 39,525 507,865
Eliminated on disposal (40,803 ) (2,026 ) (226,104 )
At 28 February 2023 160,318 96,655 4,466,357
NET BOOK VALUE
At 28 February 2023 236,832 141,718 9,061,518
At 28 February 2022 207,802 25,049 6,954,023

ALLEN (PARK FOOT) LIMITED (REGISTERED NUMBER: 01933299)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 28 FEBRUARY 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 717,848 367,633
Other debtors 133,289 86,242
851,137 453,875

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts - 194,983
Trade creditors 832,623 736,081
Taxation and social security 280,842 164,082
Other creditors 3,346,675 3,043,033
4,460,140 4,138,179

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
6,500 Ordinary £1 6,500 6,500

The issued share capital of the company of 6500 Ordinary shares of £1.00 each is allocated as follows:

3,000 Ordinary A shares of £1.00 each
2,900 Ordinary B shares of £1.00 each
100 Ordinary C shares of £1.00 each
100 Ordinary D shares of £1.00 each
100 Ordinary E shares of £1.00 each
100 Ordinary F shares of £1.00 each
100 Ordinary G shares of £1.00 each
100 Ordinary H shares of £1.00 each

ALLEN (PARK FOOT) LIMITED (REGISTERED NUMBER: 01933299)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 28 FEBRUARY 2023

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

2023 2022
£    £   
Mrs B J Allen
Balance outstanding at start of year 675,136 315,187
Amounts advanced (45,703 ) (9,050 )
Amounts repaid 25,000 368,999
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 654,433 675,136

Mrs F J Bell
Balance outstanding at start of year 512,308 266,765
Amounts advanced 1,738 (123,456 )
Amounts repaid 25,000 368,999
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 539,046 512,308

Mr T J Allen
Balance outstanding at start of year 27,117 27,117
Amounts advanced (445 ) -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 26,672 27,117