Registered number
04530283
Allotts Limited
Filleted Accounts
30 November 2023
Allotts Limited
Registered number: 04530283
Balance Sheet
as at 30 November 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 459,865 462,440
Current assets
Stocks 4,900 5,400
Debtors 4 8,410 5,777
Cash at bank and in hand 48,242 79,476
61,552 90,653
Creditors: amounts falling due within one year 5 (60,472) (67,125)
Net current assets 1,080 23,528
Total assets less current liabilities 460,945 485,968
Creditors: amounts falling due after more than one year 6 (310,459) (318,748)
Net assets 150,486 167,220
Capital and reserves
Called up share capital 2 2
Profit and loss account 150,484 167,218
Shareholders' funds 150,486 167,220
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Andrew Piggott
Director
Approved by the board on 9 July 2024
Allotts Limited
Notes to the Accounts
for the year ended 30 November 2023
1 Accounting policies
Basis of preparation
The accounts 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 (as applied to small entities by section 1A of the standard).
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 and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
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:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
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 (ie 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.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 7 7
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 December 2022 441,364 3,424 44,840 489,628
Additions - - 10,540 10,540
Disposals - - (9,310) (9,310)
At 30 November 2023 441,364 3,424 46,070 490,858
Depreciation
At 1 December 2022 - 3,180 24,008 27,188
Charge for the year - 36 6,097 6,133
On disposals - - (2,328) (2,328)
At 30 November 2023 - 3,216 27,777 30,993
Net book value
At 30 November 2023 441,364 208 18,293 459,865
At 30 November 2022 441,364 244 20,832 462,440
4 Debtors 2023 2022
£ £
Trade debtors 1,500 587
Other debtors 6,910 5,190
8,410 5,777
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 15,350 19,350
Trade creditors 3,530 3,444
Taxation and social security costs 17,686 28,711
Other creditors 23,906 15,620
60,472 67,125
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 196,564 204,853
Obligations under finance lease and hire purchase contracts 113,895 113,895
310,459 318,748
7 Loans 2023 2022
£ £
Creditors include:
Instalments falling due for payment after more than five years 145,000 158,000
Secured bank loans 209,564 221,853
The bank loan is secured by a charge over the freehold land and buildings owned by the company.
8 Other information
Allotts Limited is a private company limited by shares and incorporated in England. Its registered office is:
Allotts Building
Flowery Field Industrial Estate
Bennett Street
Hyde
SK14 4GB
Allotts Limited 04530283 false 2022-12-01 2023-11-30 2023-11-30 VT Final Accounts April 2024 Andrew Piggott No description of principal activity 04530283 2021-12-01 2022-11-30 04530283 core:WithinOneYear 2022-11-30 04530283 core:AfterOneYear 2022-11-30 04530283 core:ShareCapital 2022-11-30 04530283 core:RetainedEarningsAccumulatedLosses 2022-11-30 04530283 2022-12-01 2023-11-30 04530283 bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 04530283 bus:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 04530283 bus:Director40 2022-12-01 2023-11-30 04530283 1 2022-12-01 2023-11-30 04530283 2 2022-12-01 2023-11-30 04530283 core:LandBuildings 2022-12-01 2023-11-30 04530283 core:PlantMachinery 2022-12-01 2023-11-30 04530283 core:Vehicles 2022-12-01 2023-11-30 04530283 countries:England 2022-12-01 2023-11-30 04530283 bus:FRS102 2022-12-01 2023-11-30 04530283 bus:FilletedAccounts 2022-12-01 2023-11-30 04530283 2023-11-30 04530283 core:WithinOneYear 2023-11-30 04530283 core:AfterOneYear 2023-11-30 04530283 core:ShareCapital 2023-11-30 04530283 core:RetainedEarningsAccumulatedLosses 2023-11-30 04530283 core:LandBuildings 2023-11-30 04530283 core:PlantMachinery 2023-11-30 04530283 core:Vehicles 2023-11-30 04530283 2022-11-30 04530283 core:LandBuildings 2022-11-30 04530283 core:PlantMachinery 2022-11-30 04530283 core:Vehicles 2022-11-30 iso4217:GBP xbrli:pure