S T Allen and Son Limited 08321575 false 2023-01-01 2023-12-31 2023-12-31 The principal activity of the company is dairy farming Digita Accounts Production Advanced 6.30.9574.0 true 08321575 2023-01-01 2023-12-31 08321575 2023-12-31 08321575 core:CurrentFinancialInstruments 2023-12-31 08321575 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 08321575 core:Non-currentFinancialInstruments core:AfterOneYear 2023-12-31 08321575 core:LandBuildings 2023-12-31 08321575 core:OtherPropertyPlantEquipment 2023-12-31 08321575 bus:SmallEntities 2023-01-01 2023-12-31 08321575 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 08321575 bus:FilletedAccounts 2023-01-01 2023-12-31 08321575 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 08321575 bus:RegisteredOffice 2023-01-01 2023-12-31 08321575 bus:Director1 2023-01-01 2023-12-31 08321575 bus:Director2 2023-01-01 2023-12-31 08321575 bus:Director3 2023-01-01 2023-12-31 08321575 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 08321575 core:Buildings 2023-01-01 2023-12-31 08321575 core:LandBuildings 2023-01-01 2023-12-31 08321575 core:OtherPropertyPlantEquipment 2023-01-01 2023-12-31 08321575 core:PlantMachinery 2023-01-01 2023-12-31 08321575 countries:EnglandWales 2023-01-01 2023-12-31 08321575 2022-12-31 08321575 core:LandBuildings 2022-12-31 08321575 core:OtherPropertyPlantEquipment 2022-12-31 08321575 2022-01-01 2022-12-31 08321575 2022-12-31 08321575 core:CurrentFinancialInstruments 2022-12-31 08321575 core:CurrentFinancialInstruments core:WithinOneYear 2022-12-31 08321575 core:Non-currentFinancialInstruments core:AfterOneYear 2022-12-31 08321575 core:LandBuildings 2022-12-31 08321575 core:OtherPropertyPlantEquipment 2022-12-31 iso4217:GBP xbrli:pure

Registration number: 08321575

S T Allen and Son Limited

trading as S T Allen and Son

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2023

 

S T Allen and Son Limited

trading as S T Allen and Son

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 7

 

S T Allen and Son Limited

trading as S T Allen and Son

Company Information

Directors

Mr R S Allen

Mrs L G Allen

Mr S E Allen

Registered office

51 St. John Street
Ashbourne
Derbyshire
DE6 1GP

Accountants

Coates and Partners Limited
Chartered Accountants
The Old Vicarage
51 St John Street
Ashbourne
Derbyshire
DE6 1GP

 

S T Allen and Son Limited

trading as S T Allen and Son

(Registration number: 08321575)
Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

586,520

561,857

Other financial assets

21,256

21,256

 

607,776

583,113

Current assets

 

Stocks

548,097

495,547

Debtors

5

253,662

291,059

Cash at bank and in hand

 

1,013,194

806,992

 

1,814,953

1,593,598

Creditors: Amounts falling due within one year

6

(224,944)

(260,160)

Net current assets

 

1,590,009

1,333,438

Total assets less current liabilities

 

2,197,785

1,916,551

Creditors: Amounts falling due after more than one year

6

(293,466)

(218,206)

Provisions for liabilities

(105,350)

(78,488)

Net assets

 

1,798,969

1,619,857

Capital and reserves

 

Called up share capital

100

100

Retained earnings

1,798,869

1,619,757

Shareholders' funds

 

1,798,969

1,619,857

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 and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland'.

 

S T Allen and Son Limited

trading as S T Allen and Son

(Registration number: 08321575)
Balance Sheet as at 31 December 2023 (continued)

Approved and authorised by the Board on 24 July 2024 and signed on its behalf by:
 

.........................................
Mr S E Allen
Director

   
     
 

S T Allen and Son Limited

trading as S T Allen and Son

Notes to the Unaudited 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 and Wales registration number: 08321575.

The address of its registered office is:
51 St. John Street
Ashbourne
Derbyshire
DE6 1GP
England

These financial statements were authorised for issue by the Board on 24 July 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 presentation currency is £ sterling.

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, other than land and properties under construction over their estimated useful lives, as follows:

 

S T Allen and Son Limited

trading as S T Allen and Son

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023 (continued)

2

Accounting policies (continued)

Asset class

Depreciation method and rate

Buildings

2% reducing balance basis

Plant and machinery

10% and 25% reducing balance basis

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.

Biological assets, living plants and animals are included at the lower of cost and estimated selling price less costs to sell. Cost is determined on a first in first out basis, net realisable value is based on estimated selling price, less any costs which may arise on realisation. Purchased livestock is valued at cost of purchase plus costs of rearing to the valuation date or to maturity, if earlier. Livestock which is homebred, farm reared or acquired some time before maturity and matured on the farm is valued at deemed cost at the following rates: cattle and sheep 60% and 75% of open market value, herds and flocks on herd basis.

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 8 (2022 - 8).

 

S T Allen and Son Limited

trading as S T Allen and Son

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023 (continued)

4

Tangible assets

Land and buildings
£

Plant and machinery
£

Total
£

Cost or valuation

At 1 January 2023

190,052

888,476

1,078,528

Additions

-

106,977

106,977

Disposals

-

(60,045)

(60,045)

At 31 December 2023

190,052

935,408

1,125,460

Depreciation

At 1 January 2023

21,076

495,595

516,671

Charge for the year

3,857

59,196

63,053

Eliminated on disposal

-

(40,784)

(40,784)

At 31 December 2023

24,933

514,007

538,940

Carrying amount

At 31 December 2023

165,119

421,401

586,520

At 31 December 2022

168,976

392,881

561,857

Included within the net book value of land and buildings above is £165,120 (2022 - £168,976) in respect of freehold land and buildings.
 

5

Debtors

Current

2023
£

2022
£

Trade debtors

50,253

88,061

Prepayments

55,698

52,161

Other debtors

147,711

150,837

 

253,662

291,059

 

S T Allen and Son Limited

trading as S T Allen and Son

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023 (continued)

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Trade creditors

57,949

91,478

Taxation and social security

77,688

83,210

Accruals and deferred income

12,983

13,365

Other creditors

76,324

72,107

224,944

260,160

Creditors: amounts falling due after more than one year

2023
£

2022
£

Due after one year

Deferred income

7,461

8,290

Other creditors

286,005

209,916

293,466

218,206