Registered number
02565067
Allied Hygiene Systems Limited
Report and Financial Statements
31 October 2023
Allied Hygiene Systems Limited
Report and accounts
Contents
Page
Company information 1
Strategic report 2-3
Directors' report 4-5
Independent auditors' report 6-8
Income statement 9
Statement of comprehensive income 10
Statement of financial position 11
Statement of changes in equity 12
Statement of cash flows 13
Notes to the financial statements 14-24
Allied Hygiene Systems Limited
Company Information
Directors
M C L Blackhall
A M Mclean
J Prentice
A R Phippen
Secretary
A M Mclean
Auditors
Wesley Cooper Ltd
Parker House
44 Stafford Road
Wallington
Surrey
SM6 9AA
Registered office
Unit 5
Centurion way
Erith
Kent
DA18 4AF
Registered number
02565067
Allied Hygiene Systems Limited
Registered number: 02565067
Strategic Report
The directors present their strategic report for year ended 31st October 2023.
Review of the business
The company's principal activity during the year continued to be the manufacture and distribution of hygienic wipes and associated products.
Results and performance
The Company has been able to deliver solid revenue for the year with margins returning to levels seen pre-Covid. This has been achieved with tight management of costs to minimise the ongoing turbulence in shipping and energy markets.

The factory retains the flexibility to respond to ongoing fluctuations in end market demand.
Principal risks and uncertainties
Now that inflation is no longer so much in the headlines customers are becoming more resistant to price increases necessitated by increasing input costs. Modern manufacturing facilities and an integrated management information and quality assurance system ensure that the Company’s products remain highly attractive to customers helping to secure needed price increases.

The company operates a strong credit risk assessment policy and rigid credit control on ageing debts. Where appropriate, the Company will look to match exposures to meet forward transactions.

With a strong cash position and ongoing profitable trade the directors remain confident for trading through the current uncertainties and are well positioned for future growth opportunities.
Key performance indicators
The directors consider the key performance indicators to be gross profit and net profit before tax. After the exceptional results of the previous year lower sales volumes mean these measures have returned to a level slightly above those achieved pre-Covid at £5,020k (2022 £4,622k) and £751k (2022-£197k) respectively.

With the relatively fixed overhead base the increase in the sales has had a proportionately larger impact on the net profit figure
Future developments
The Company continues to invest in training, innovation and in the quality of its products to maintain a competitive advantage, without detracting from its ability to remain flexible and meet customers' increased demand, reinforcing our market leading approach to customer service.
Strategic Report (continued)
This report was approved by the Board on 29 July 2024 and signed on its behalf.
A M Mclean
Director
Allied Hygiene Systems Limited
Registered number: 02565067
Directors' Report
The directors present their report and financial statements for the year ended 31 October 2023.
Principal activities
The company's principal activity during the year continued to be the manufacture and distribution of hygienic wipes and associated products.
Future developments
Likely future developments in the company business are discussed in the strategic report.
Financial instrument risk
Price risk- The Company continually seeks competitive and reliable suppliers for the majority of supplies received for use in the business. Credit risk-All customers who wish to trade on credit terms are subject to credit verification procedures. Receivable balances are monitored on an ongoing basis and provision made for bad debts where necessary. Liquidity risk- The Company manages its cash and borrowing requirements to maximise interest income and minimise interest expense,whilst ensuring that the company has sufficient liquid resources to meet the operating needs of the business. Currency risk- the Company's activities are mainly in Sterling, however there is some limited exposure to finacial risks in foreign currency exchange rates due to the purchase of products priced in Euro or US Dollar. The Company purchases forward contracts to limit foreign currency risk and exposure.
Dividends
Dividends of £322,580 (2022- £967,753) were paid during the year and the directors do not recommend the payment of a final dividend.
Events since the balance sheet date
There have been no significant events since the balance sheet date.
Directors
The following persons served as directors during the year:
M C L Blackhall
A M Mclean
J Prentice
A R Phippen
Directors' responsibilities
The directors are responsible for preparing the report and financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (Financial Reporting Standard 102 and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:
select suitable accounting policies and then apply them consistently;
make judgements and estimates that are reasonable and prudent;
state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Disclosure of information to auditors
Each person who was a director at the time this report was approved confirms that:
so far as he is aware, there is no relevant audit information of which the company's auditor is unaware; and
he has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditor is aware of that information.
This report was approved by the Board on 29 July 2024 and signed on its behalf.
A M Mclean
Director
Allied Hygiene Systems Limited
Independent auditors' report
to the members of Allied Hygiene Systems Limited
Opinion
We have audited the financial statements of Allied Hygiene Systems Limited (the 'company') for the year ended 31 October 2023 which comprise the Income Statement, the Statement of Comprehensive Income, the Statement of Financial Position, the Statement of Changes in Equity, the Statement of Cash Flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements:
give a true and fair view of the state of the company's affairs as at 31 October 2023 and of its profit for the year then ended;
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice;
have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.
Other information
The other information comprises the information included in the annual report other than the financial statements and our auditor’s report thereon. The directors are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
the information given in the strategic report and the directors’ report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
the strategic report and the directors’ report have been prepared in accordance with applicable legal requirements.
Matters on which we are required to report by exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the strategic report or the directors’ report.
We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:
adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
the financial statements are not in agreement with the accounting records and returns; or
certain disclosures of directors’ remuneration specified by law are not made; or
we have not received all the information and explanations we require for our audit.
Responsibilities of directors
As explained more fully in the directors’ responsibilities statement, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the directors are responsible for assessing the company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.
Auditor’s responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
Our assessment focused on key laws and regulations the company has to comply with and areas of the financial statements we assessed as being more susceptible to misstatement. These key laws and regulations included but were not limited to compliance with the Companies Act 2006, United Kingdom Generally Accepted Accounting Practice and relevant tax legislation.
We are not responsible for preventing irregularities. Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, included but was not limited to the following:
obtaining an understanding of the legal and regulatory framework applicable to the entity and how the entity is complying with that framework;
obtaining an understanding of the entity's policies and procedures and how the entity has complied with these, through discussions and walkthrough tests of key systems
designing our audit procedures to respond to our risk assessment; and
making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud.
To address the risk of fraud through management bias and override of controls, we conducted the following procedures:
tested journal entries to identify any non-routine or unusual transactions outside the course of ordinary business;
assessed whether judgements and assumptions made in determining any accounting estimates were indicative of potential bias;
Investigated the rationale behind significant or unusual transactions;
reviewed descriptions of certain nominal codes for indication of any management override; and
considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations
In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:
agreed financial statement disclosures to underlying supporting documentation;
enquired with management as to actual and potential litigation and claims
reviewed correspondence in relation to actual litigation, claims or regulatory inspections.
Whilst considering how our audit work addressed the detection of irregularities, we also consider the likelihood of detection based on our approach. Irregularities arising from fraud are inherently more difficult to detect than those arising from error.
Because of the inherent limitations of an·audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation
A further description of our responsibilities for the audit of the financial statements is available on the Financial Reporting Council’s website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.
Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.
Richard Wesley FCA
(Senior Statutory Auditor) Parker House
for and on behalf of 44 Stafford Road
Wesley Cooper Ltd Wallington
Accountants and Statutory Auditors Surrey
29 July 2024 SM6 9AA
Allied Hygiene Systems Limited
Income Statement
for the year ended 31 October 2023
Notes 2023 2022
£ £
Turnover 3 18,384,134 17,951,366
Cost of sales (13,364,522) (13,329,840)
Gross profit 5,019,612 4,621,526
Administrative expenses (4,270,716) (4,410,692)
Operating profit 4 748,896 210,834
Interest receivable 12,229 -
Interest payable 7 (10,625) (13,778)
Profit on ordinary activities before taxation 750,500 197,056
Tax on profit on ordinary activities 8 46,490 (199,679)
Profit/(loss) for the financial year 796,990 (2,623)
Allied Hygiene Systems Limited
Statement of comprehensive income
for the year ended 31 October 2023
Notes 2023 2022
£ £
Profit/(loss) for the financial year 796,990 (2,623)
Other comprehensive income - -
Total comprehensive income for the year 796,990 (2,623)
Allied Hygiene Systems Limited
Statement of Financial Position
as at 31 October 2023
Notes 2023 2022
£ £
Fixed assets
Intangible assets 9 - 34,703
Tangible assets 10 2,654,354 3,173,634
2,654,354 3,208,337
Current assets
Stocks 11 2,888,616 2,838,395
Debtors 12 4,026,577 4,267,363
Investments 13 1,500,000 -
Cash at bank and in hand 2,082,673 2,918,400
10,497,866 10,024,158
Creditors: amounts falling due within one year 14 (2,845,145) (3,179,388)
Net current assets 7,652,721 6,844,770
Total assets less current liabilities 10,307,075 10,053,107
Creditors: amounts falling due after more than one year 15 (8,584) (111,584)
Provisions for liabilities
Deferred taxation (605,039) (722,481)
Net assets 9,693,452 9,219,042
Capital and reserves
Called up share capital 18 8,019 8,019
Profit and loss account 19 9,685,433 9,211,023
Total equity 9,693,452 9,219,042
A M Mclean
Director
Approved by the board on 29 July 2024
Allied Hygiene Systems Limited
Statement of Changes in Equity
for the year ended 31 October 2023
Share Profit Total
capital and loss
account
£ £ £
At 1 November 2021 8,019 10,181,388 10,189,407
Loss for the financial year (2,623) (2,623)
Dividends (967,742) (967,742)
At 31 October 2022 8,019 9,211,023 9,219,042
At 1 November 2022 8,019 9,211,023 9,219,042
Profit for the financial year 796,990 796,990
Dividends (322,580) (322,580)
At 31 October 2023 8,019 9,685,433 9,693,452
Allied Hygiene Systems Limited
Statement of Cash Flows
for the year ended 31 October 2023
Notes 2023 2022
£ £
Operating activities
Profit for the financial year 748,896 210,834
Adjustments for:
Depreciation 597,283 573,029
Amortisation of goodwill 34,703 41,643
(Increase)/decrease in stocks (50,221) 378,662
Decrease in debtors 240,786 514,817
(Decrease)/increase in creditors (334,243) 329,871
1,237,204 2,048,856
Interest element of finance lease payments (10,625) (13,778)
Corporation tax paid (70,952) (74,797)
Cash generated by operating activities 1,167,856 1,960,281
Investing activities
Payments to acquire tangible fixed assets (78,003) (258,468)
Payments to acquire investments (1,500,000) -
Cash used in investing activities (1,578,003) (258,468)
Financing activities
Equity dividends paid (322,580) (967,742)
Capital element of finance lease payments (103,000) (103,000)
Cash used in financing activities (425,580) (1,070,742)
Net cash (used)/generated
Cash generated by operating activities 1,167,856 1,960,281
Cash used in investing activities (1,578,003) (258,468)
Cash used in financing activities (425,580) (1,070,742)
Net cash (used)/generated (835,727) 631,071
Cash and cash equivalents at 1 November 2,918,400 2,287,329
Cash and cash equivalents at 31 October 2,082,673 2,918,400
Cash and cash equivalents comprise:
Cash at bank 2,082,673 2,918,400
Allied Hygiene Systems Limited
Notes to the Accounts
for the year ended 31 October 2023
1 Summary of significant accounting policies
Basis of preparation
The financial statements have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.The financial statements have been prepared in Sterling which is the functional currency of the company and are rounded to the nearest £.
Going Concern
At the balance sheet date the company had a strong net current asset position. At the time of signing these accounts, the directors have considered the effect of the post Covid cost increases and reduced demand on the going concern position and consider this does indicate that the company will continue to trade for at least 12 months from the date of signing as a result of the consolidation of improved operating procedures which has kept the company profitable.
The financial forcasts prepared by the directors show that the company will be able to operate within the facilities available to it.
On that basis the directors have prepared these financial statements on a going concern basis.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer, usually on the despatch of goods, the amount of revenue can be measured reliably, its probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred are measured reliably.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Leasehold buildings over terms of lease
Plant and machinery over 10 years
Intangible fixed assets
Client Base
Purchased client base has been capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful life. Where reliable estimate of the finite life cannot be made, the life will not exceed 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in, first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (i.e., liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction.

At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term. The costs of acquiring leases including stamp duty on rental leases are capitalised and allocated to profit and loss over the terms of the lease
Financial Instruments
The company only enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and third parties, and loans to and from related parties.
Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable are initially measured at the present value of future cash flows and subsequently at amortised cost using the effective interest method.
Debt instruments that are payable or receivable within one year, typically trade payables or receivables are measured, initially and subsequently, at the undiscounted amount of cash or other consideration, expected to be paid or received. However, if arrangements of a short term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond the normal business terms or financed at a rate of interest that is not a market rate or in the case of an outright short term loan not at market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequent amortised cost.
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the profit and loss account.
Derivatives
Derivatives, including forward currency exchange contracts are initially recognised on the date the contract is entered into and are subsequently re-measured at their fair value. Changes in fair value are recognised in the profit or loss in finance costs or income as appropriate. The company applies hedge accounting for foreign exchange derivatives if material.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Critical accounting estimates and judgements
The preparation of the financial statements requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contigent assets and liabilities at the date of the financial statements and reported amounts of income and expenditure in the reporting period, particularly in relation to the useful economic life of fixed assets and cost allocations to stock. Actual results could differ from those estimates.
3 Analysis of turnover 2023 2022
£ £
Sale of goods 18,384,134 17,951,366
By geographical market:
UK 16,387,780 16,986,189
Europe 1,906,670 835,147
Rest of world 89,684 130,030
18,384,134 17,951,366
4 Operating profit 2023 2022
£ £
This is stated after charging:
Depreciation of owned fixed assets 546,639 522,385
Depreciation of assets held under finance leases and hire purchase contracts 50,644 50,644
Amortisation of goodwill 34,703 41,643
Operating lease rentals - plant and machinery 263,683 276,592
Operating lease rentals - land and buildings 600,000 600,000
Exchange rate differences (9,779) 62,267
Auditors' remuneration for audit services 12,000 11,000
Carrying amount of stock sold 11,844,355 11,702,492
5 Directors' emoluments 2023 2022
£ £
Emoluments 275,251 272,800
Company contributions to defined contribution pension plans 6,932 6,932
282,183 279,732
5 Directors emoluments (continued)
Emoluments of highest paid director:
Emoluments 73,364 73,000
Company contributions to defined contribution pension plans 1,680 2,190
75,044 75,190
Number of directors to whom retirement benefits accrued: 2023 2022
Number Number
Defined contribution plans 4 4
6 Staff costs 2023 2022
£ £
Wages and salaries 2,179,446 2,083,282
Social security costs 228,100 233,241
Other pension costs 47,201 43,384
2,454,747 2,359,907
Average number of employees during the year Number Number
Administration 23 26
Manufacturing 31 24
Sales 9 10
63 60
7 Interest payable 2023 2022
£ £
Finance charges payable under finance leases and hire purchase contracts 10,625 13,778
8 Taxation 2023 2022
£ £
Analysis of charge in period
Current tax:
UK corporation tax on profits of the period 272,982 74,797
Adjustments in respect of previous periods (202,030) -
70,952 74,797
Deferred tax:
Origination and reversal of timing differences (117,442) 124,882
Tax on (loss)/profit on ordinary activities (46,490) 199,679
8 Taxation (continued)
Factors affecting tax charge for period
The differences between the tax assessed for the period and the standard rate of corporation tax are explained as follows:
2023 2022
£ £
Profit on ordinary activities before tax 750,500 197,056
Standard rate of corporation tax in the UK 23% 19%
£ £
Profit on ordinary activities multiplied by the standard rate of corporation tax 168,997 37,441
Effects of:
Expenses not deductible for tax purposes 2,701 3,755
Capital allowances for period in excess of depreciation 101,284 33,601
Research & development claim (202,030) -
Current tax charge for period 70,952 74,797
Factors that may affect future tax charges
Future tax charges will be affected by the new corporation tax rates that increased up to a rate of 25% with affect from 1st April 2023.
9 Intangible fixed assets £
Client base:
Cost
At 1 November 2022 208,215
At 31 October 2023 208,215
Amortisation
At 1 November 2022 173,512
Provided during the year 34,703
At 31 October 2023 208,215
Carrying amount
At 31 October 2023 -
At 31 October 2022 34,703
Client base is being written off in equal annual instalments over its estimated economic life of 5 years.
10 Tangible fixed assets
Land and buildings Plant and machinery Total
At cost At cost
£ £ £
Cost or valuation
At 1 November 2022 185,833 5,665,014 5,850,847
Additions - 78,003 78,003
At 31 October 2023 185,833 5,743,017 5,928,850
Depreciation
At 1 November 2022 31,591 2,645,622 2,677,213
Charge for the year 7,433 589,850 597,283
At 31 October 2023 39,024 3,235,472 3,274,496
Carrying amount
At 31 October 2023 146,809 2,507,545 2,654,354
At 31 October 2022 154,242 3,019,392 3,173,634
2023 2022
£ £
Carrying value of plant and machinery included above held under finance leases and hire purchase contracts 278,543 329,187
11 Stocks 2023 2022
£ £
Raw materials and consumables 1,184,970 1,162,949
Work in progress 17,817 31,703
Finished goods and goods for resale 1,685,829 1,643,743
2,888,616 2,838,395
12 Debtors 2023 2022
£ £
Trade debtors 3,477,609 3,664,714
Other debtors 27,805 123,433
Prepayments and accrued income 521,163 479,216
4,026,577 4,267,363
2023 2022
£ £
13 Current asset investments
Short term deposit 1,500,000 -
1,500,000 -
Investment in a short term deposit has a maturity of 4 months with an interest rate of 4.48%.
14 Creditors: amounts falling due within one year 2023 2022
£ £
Obligations under finance lease and hire purchase contracts 103,000 103,000
Trade creditors 2,208,269 2,448,066
Other taxes and social security costs 468,201 588,526
Other creditors - 794
Accruals and deferred income 65,675 39,002
2,845,145 3,179,388
15 Creditors: amounts falling due after one year 2023 2022
£ £
Obligations under finance lease and hire purchase contracts 8,584 111,584
16 Loans 2023 2022
£ £
Analysis of maturity of debt:
Within one year or on demand 103,000 103,000
Between one and two years 8,854 103,000
Between two and five years - 8,854
111,854 214,854
17 Deferred taxation 2023 2022
£ £
Accelerated capital allowances 605,039 722,481
2023 2022
£ £
At 1 November 722,481 597,599
(Credited)/charged to the profit and loss account (117,442) 124,882
At 31 October 605,039 722,481
18 Share capital Nominal 2023 2023 2022
value Number £ £
Allotted, called up and fully paid:
Ordinary shares £1 each 7,920 7,920 7,920
B Ordinary shares £1 each 99 99 99
8,019 8,019
19 Profit and loss account 2023 2022
£ £
At 1 November 9,211,023 10,181,388
Profit/(loss) for the financial year 796,990 (2,623)
Dividends (322,580) (967,742)
At 31 October 9,685,433 9,211,023
20 Dividends 2023 2022
£ £
Dividends on ordinary shares (note 19) 322,580 967,742
21 Events after the reporting date
Since the year end, there has been no events that have impacted on the company's ability to continue trading.
22 Capital commitments 2023 2022
£ £
Amounts contracted for but not provided in the accounts - -
23 Other financial commitments
Total future minimum lease payments under non-cancellable operating leases:
Land and buildings Land and buildings Other Other
2023 2022 2023 2022
£ £ £ £
Falling due:
within one year 600,000 600,000 196,391 134,966
within two to five years 2,400,000 2,400,000 299,236 68,082
in over five years 9,000,000 9,600,000 - -
12,000,000 12,600,000 495,627 203,048
24 Related party transactions
The company had transactions with the following companies which are related by virtue of M Blackhall being a director and shareholder
2023 2022
Sales £ £
Complete Intacare Hygiene Ltd 184,741 187,823
Purchases £ £
Complete Intacare Hygiene Ltd 10,194 10,509
Trade balances owed to Related party
Complete Intacare Hygiene Ltd 5,157 474
Trade balances owed by Related party
Complete Intacare Hygiene Ltd 19,641 28,456
The company had transactions with the following company which is related by virtue of A Mclean, M Blackhall and J Prentice being directors and shareholders
Loan account balances due from (included in other debtors)
Blackhall Building & Construction Ltd - 800
The loans is interest free and payable on demand
The company had transactions with the following related parties
Rental of commercial buildings
M Blackhall 10,200 10,200
A Phippen 15,600 15,600
Dividends paid (inc related parties)
A Mclean 100,000 300,000
M Blackhall 100,000 300,000
J Prentice 100,000 300,000
A Phippen 22,580 67,742
25 Controlling party
A Mclean, M Blackhall and J Prentice control the entity by virtue of their directorships and shareholdings. No individual is considered to be the ultimate controlling party
26 Presentation currency
The financial statements are presented in Sterling.
27 Legal form of entity and country of incorporation
Allied Hygiene Systems Limited is a private company limited by shares and incorporated in England.
28 Principal place of business
Unit 5
Centurion Way
Erith
Kent
DA18 4AF
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