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REGISTERED NUMBER: 07309968 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST JULY 2023

FOR

C M ALLOTT & SON LIMITED

C M ALLOTT & SON LIMITED (REGISTERED NUMBER: 07309968)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JULY 2023




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


C M ALLOTT & SON LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST JULY 2023







DIRECTORS: C S Allott
C Allott





REGISTERED OFFICE: 2 Graingers Yard
Southgate
Hornsea
East Yorkshire
HU18 1AH





REGISTERED NUMBER: 07309968 (England and Wales)





ACCOUNTANTS: Cheetham Allen
Chartered Accountants
17 Wright Street
Hull
East Yorkshire
HU2 8HU

C M ALLOTT & SON LIMITED (REGISTERED NUMBER: 07309968)

BALANCE SHEET
31ST JULY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 179,159 196,977
179,159 196,977

CURRENT ASSETS
Debtors 6 40,514 28,893
Cash at bank and in hand 689,695 522,597
730,209 551,490
CREDITORS
Amounts falling due within one year 7 118,105 60,832
NET CURRENT ASSETS 612,104 490,658
TOTAL ASSETS LESS CURRENT
LIABILITIES

791,263

687,635

CREDITORS
Amounts falling due after more than one
year

8

(13,133

)

(26,667

)

PROVISIONS FOR LIABILITIES 10 (23,524 ) (20,232 )
NET ASSETS 754,606 640,736

CAPITAL AND RESERVES
Called up share capital 11 1,000 1,000
Retained earnings 753,606 639,736
SHAREHOLDERS' FUNDS 754,606 640,736

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st July 2023.

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

C M ALLOTT & SON LIMITED (REGISTERED NUMBER: 07309968)

BALANCE SHEET - continued
31ST JULY 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24th April 2024 and were signed on its behalf by:





C S Allott - Director


C M ALLOTT & SON LIMITED (REGISTERED NUMBER: 07309968)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JULY 2023

1. STATUTORY INFORMATION

C M Allott & Son 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 the amount receivable for goods and services provided.

GOODWILL
Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of ten years.

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.

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 - 10% on reducing balance
Fixtures and fittings - 10% on reducing balance
Motor vehicles - 10% on reducing balance

TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

C M ALLOTT & SON LIMITED (REGISTERED NUMBER: 07309968)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JULY 2023

2. ACCOUNTING POLICIES - continued

HIRE PURCHASE AND LEASING COMMITMENTS
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st August 2022
and 31st July 2023 250,000
AMORTISATION
At 1st August 2022
and 31st July 2023 250,000
NET BOOK VALUE
At 31st July 2023 -
At 31st July 2022 -

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1st August 2022 3,969 26,848 216,953 247,770
Additions 2,088 - - 2,088
At 31st July 2023 6,057 26,848 216,953 249,858
DEPRECIATION
At 1st August 2022 1,611 18,786 30,396 50,793
Charge for year 445 806 18,655 19,906
At 31st July 2023 2,056 19,592 49,051 70,699
NET BOOK VALUE
At 31st July 2023 4,001 7,256 167,902 179,159
At 31st July 2022 2,358 8,062 186,557 196,977

The net book value of tangible fixed assets includes £ 91,780 (2022 - £ 101,978 ) in respect of assets held under hire purchase contracts.

C M ALLOTT & SON LIMITED (REGISTERED NUMBER: 07309968)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JULY 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 39,742 28,096
Other debtors 772 797
40,514 28,893

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 13,333 13,333
Trade creditors 20,415 14,946
Taxation and social security 62,765 24,817
Other creditors 21,592 7,736
118,105 60,832

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts 13,133 26,667

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 26,466 40,000

10. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 23,524 20,232

Deferred
tax
£   
Balance at 1st August 2022 20,232
Accelerated capital allowances 3,292
Balance at 31st July 2023 23,524

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1,000 Ordinary £1 1,000 1,000