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Registration number: 02095229

Allied Facilities Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 December 2023

 

Allied Facilities Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Statement of Changes in Equity

4

Notes to the Financial Statements

5 to 11

 

Allied Facilities Limited

Company Information

Directors

Mr R P Ashton

Mr P J Baker

Company secretary

Mrs S Short

Registered office

Unit A7 The Arena
9 Nimrod Way
Ferndown
Wimborne
Dorset
BH21 7UH

Accountants

Elysium
Chartered Accountants
Unit A7 The Arena
9 Nimrod Way
Wimborne
Dorset
BH21 7UH

 

Allied Facilities Limited

(Registration number: 02095229)
Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

6

36,329

41,106

Investments

7

2

2

 

36,331

41,108

Current assets

 

Stocks

5,718

5,270

Debtors

9

1,076,383

820,478

Cash at bank and in hand

 

102,490

204,461

 

1,184,591

1,030,209

Creditors: Amounts falling due within one year

10

(559,636)

(492,158)

Net current assets

 

624,955

538,051

Total assets less current liabilities

 

661,286

579,159

Provisions for liabilities

(4,206)

(5,136)

Net assets

 

657,080

574,023

Capital and reserves

 

Called up share capital

11

2,000

2,000

Retained earnings

655,080

572,023

Shareholders' funds

 

657,080

574,023

 

Allied Facilities Limited

(Registration number: 02095229)
Balance Sheet as at 31 December 2023

For the financial year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 6 August 2024 and signed on its behalf by:
 

.........................................
Mr R P Ashton
Director

 

Allied Facilities Limited

Statement of Changes in Equity for the Year Ended 31 December 2023

Share capital
£

Retained earnings
£

Total
£

At 1 January 2023

2,000

572,022

574,022

Profit for the year

-

178,058

178,058

Dividends

-

(95,000)

(95,000)

At 31 December 2023

2,000

655,080

657,080

Share capital
£

Retained earnings
£

Total
£

At 1 January 2022

2,000

782,332

784,332

Loss for the year

-

(10,309)

(10,309)

Dividends

-

(200,000)

(200,000)

At 31 December 2022

2,000

572,023

574,023

 

Allied Facilities Limited

Notes to the Financial Statements for the Year Ended 31 December 2023

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Unit A7 The Arena
9 Nimrod Way
Ferndown
Wimborne
Dorset
BH21 7UH

These financial statements were authorised for issue by the Board on 6 August 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The company's presentational currency is £sterling.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Allied Facilities Limited

Notes to the Financial Statements for the Year Ended 31 December 2023

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant & machinery

25% and 20% on cost

Motor vehicles

25% on reducing balance

Office Equipment

20% on cost

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

Straight line over 5 years

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

 

Allied Facilities Limited

Notes to the Financial Statements for the Year Ended 31 December 2023

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

 

Allied Facilities Limited

Notes to the Financial Statements for the Year Ended 31 December 2023

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 155 (2022 - 177).

4

Profit before tax

Arrived at after charging/(crediting)

2023
£

2022
£

Depreciation expense

12,088

15,209

Amortisation expense

-

113,121

 

Allied Facilities Limited

Notes to the Financial Statements for the Year Ended 31 December 2023

5

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 January 2023

565,606

565,606

At 31 December 2023

565,606

565,606

Amortisation

At 1 January 2023

565,606

565,606

At 31 December 2023

565,606

565,606

Carrying amount

At 31 December 2023

-

-

6

Tangible assets

Plant and machinery
£

Office equipment
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 January 2023

168,299

77,695

59,386

305,380

Additions

-

5,335

6,695

12,030

Disposals

-

-

(6,290)

(6,290)

At 31 December 2023

168,299

83,030

59,791

311,120

Depreciation

At 1 January 2023

167,845

70,771

25,658

264,274

Charge for the year

222

2,941

8,926

12,089

Eliminated on disposal

-

-

(1,572)

(1,572)

At 31 December 2023

168,067

73,712

33,012

274,791

Carrying amount

At 31 December 2023

232

9,318

26,779

36,329

At 31 December 2022

454

6,924

33,728

41,106

 

Allied Facilities Limited

Notes to the Financial Statements for the Year Ended 31 December 2023

7

Investments

2023
£

2022
£

Investments in subsidiaries

2

2



Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

2023

2022

Subsidiary undertakings

Allied Facilities (South East) Limited

Unit 18
Somerford Business Park
Christchurch
Dorset BH23 3RU

England

£1 Ordinary Shares

100%

100%

Gleam Team Cleaning Services Limited

Unit A7, The Arena
9 Nimrod Way
Ferndown BH21 7UH

England

£1 Ordinary Shares

100%

100%

Subsidiary undertakings

Allied Facilities (South East) Limited

The principal activity of Allied Facilities (South East) Limited is Dormant.

Gleam Team Cleaning Services Limited

The principal activity of Gleam Team Cleaning Services Limited is Dormant.

8

Other financial assets (current and non-current)

Stocks

2023
£

2022
£

Other inventories

5,718

5,270

 

Allied Facilities Limited

Notes to the Financial Statements for the Year Ended 31 December 2023

9

Debtors

Current

Note

2023
£

2022
£

Trade debtors

 

1,028,808

778,513

Amounts owed by related parties

251

251

Prepayments

 

42,546

40,750

Other debtors

 

4,778

964

   

1,076,383

820,478

10

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

-

581

Trade creditors

 

58,229

58,852

Taxation and social security

 

321,373

252,624

Accruals and deferred income

 

169,178

167,078

Other creditors

 

10,856

13,023

 

559,636

492,158

11

Share capital

Allotted, called up and fully paid shares

2023

2022

No.

£

No.

£

Ordinary £1 shares of £1 each

2,000

2,000

2,000

2,000

       

12

Parent and ultimate parent undertaking

The ultimate controlling party is Mr P Baker.