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REGISTERED NUMBER: 04145239 (England and Wales)











STRATEGIC REPORT, REPORT OF THE DIRECTORS AND

AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

ALLGOOD SERVICES LTD.

ALLGOOD SERVICES LTD. (REGISTERED NUMBER: 04145239)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Strategic Report 2

Report of the Directors 3

Report of the Independent Auditor 5

Statement of Income and Retained Earnings 9

Balance Sheet 10

Notes to the Financial Statements 11


ALLGOOD SERVICES LTD.

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: P J Allgood
L J Allgood



SECRETARY: D Hammond



REGISTERED OFFICE: 9 Commerce Road
Lynchwood
Peterborough
Cambridgeshire
PE2 6LR



REGISTERED NUMBER: 04145239 (England and Wales)



SENIOR STATUTORY
AUDITOR:
Christopher Bond



INDEPENDENT AUDITOR: SBCA Statutory Auditor
17 Moor Park Avenue
Preston
Lancashire
PR1 6AS

ALLGOOD SERVICES LTD. (REGISTERED NUMBER: 04145239)

STRATEGIC REPORT
FOR THE YEAR ENDED 31 MARCH 2024

The directors present their strategic report for the year ended 31 March 2024.

REVIEW OF BUSINESS
2024 was Allgood Services Ltd's ("ASL") 23rd year trading in the construction industry. The principle activity continues providing labour only bricklayer subcontractors to the house builder companies such as Bovis, Lindens, and Taylor Wimpey. ASL also supplies sub contractors to smaller independent builders building single dwellings and small extensions on a small scale.

Cash collection was excellent although retention back payments are still slow.

Investing in staff has been the most significant year we have ever had. We would like to thank all our employees, clients and suppliers for all their continued support.

PRINCIPAL RISKS AND UNCERTAINTIES
The effects of Brexit continue to be a concern to ASL. We have many Eastern European sub contractors working for us, and with the uncertainty of the government policy whether they can stay in the UK, leaving us a labour shortage. The governments commitment for an increase of house building supports ASL strategic plan.

KEY PERFORMANCE INDICATORS
The company implements a number of key performance indicators which are reviewed on a regular basis.

o Monthly contracts meeting with contract managers to review progress, together with reasons for any slippage, health and safety issues, and a review of any financial consequences which these may have.
o Contract reviews to highlight matters which require proactive solutions and Board involvement to mitigate risk.

A summary of the tracked key performance indicators are as follows:

2022 2023 2024

Turnover £14.4m £13.8m £8.1m
Gross Profit % 24% 24% 24%

EBITDA £3.1m £2.6m £1.5m

Reserves £3.2m £5.0m £5.2m

ON BEHALF OF THE BOARD:





P J Allgood - Director


10 September 2024

ALLGOOD SERVICES LTD. (REGISTERED NUMBER: 04145239)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 31 MARCH 2024

The directors present their report with the financial statements of the company for the year ended 31 March 2024.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of Construction and Civil Engineering.

DIVIDENDS
No interim dividend was paid during the year. The directors recommend a final dividend of £8500 per share.

The total distribution of dividends for the year ended 31 March 2024 will be £ 850,000 .

DIRECTORS
The directors shown below have held office during the whole of the period from 1 April 2023 to the date of this report.

P J Allgood
L J Allgood

STATEMENT OF DIRECTORS' RESPONSIBILITIES
The directors are responsible for preparing the Strategic Report, the Report of the Directors and the 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 (United Kingdom Accounting Standards and applicable law), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. 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 accounting estimates that are reasonable and prudent;
-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.

ALLGOOD SERVICES LTD. (REGISTERED NUMBER: 04145239)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 31 MARCH 2024


STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditor is unaware, and each director 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.

ON BEHALF OF THE BOARD:





P J Allgood - Director


10 September 2024

REPORT OF THE INDEPENDENT AUDITOR TO THE MEMBERS OF
ALLGOOD SERVICES LTD.

Opinion
We have audited the financial statements of Allgood Services Ltd. (the 'company') for the year ended 31 March 2024 which comprise the Statement of Income and Retained Earnings, Balance Sheet and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and 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 March 2024 and of its profit for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-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 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 directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditor thereon.

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.

In connection with our audit of the financial statements, 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 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.

REPORT OF THE INDEPENDENT AUDITOR TO THE MEMBERS OF
ALLGOOD SERVICES LTD.


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 Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Strategic Report and the Report of the Directors 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 Report of the Directors.

We have nothing to report in respect of the following matters where 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 Statement of Directors' Responsibilities set out on page three, 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 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.

REPORT OF THE INDEPENDENT AUDITOR TO THE MEMBERS OF
ALLGOOD SERVICES LTD.


Auditors' 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 a Report of the Auditor 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.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Based on our understanding of the company and sector, we identified that the principal risks of non-compliance with laws and regulations related to, but not limited to, the Companies Act 2006, UK tax, employment, pension and health and safety legislation and we considered the extent to which non-compliance might have a material effect on the financial statements. We also considered those laws and regulations that have a direct impact on the financial statements such as the Companies Act 2006.

We evaluated management's incentives and opportunities for fraudulent manipulation of the financial statements (including the risk of override of controls) and determined that the principal risks were related to management bias in accounting estimates and judgements and fraudulent income recognition.

Our procedures to respond to risks identified included the following:

- reviewing the financial statement disclosures and testing to supporting documentation to assess compliance with provisions to relevant laws and regulations described as having a direct impact on the financial statements;
-enquiring of management about actual and potential litigation and claims, their policies and procedures to prevent and detect fraud as well as whether they have knowledge of actual, suspected or alleged fraud;
- performing analytical procedures to identify and unusual or unexpected relationships that may indicate risks of material misstatement due to fraud;
- obtaining an understanding of provisions and holding discussions with management to understand the basis of recognition or non-recognition of tax provisions; and
- in addressing the risk of fraud through management override of controls: testing the appropriateness of journal entries; assessing whether the accounting estimates, judgements and decisions made by management are indicative of a potential bias; and evaluation the business rationale of any significant transactions that are unusual or outside the normal course of business.

We also communicated relevant identified laws, and regulations and potential fraud risks to all engagement team members and remained alert to any indications of fraud or non-compliance with laws and regulations throughout the audit.

There are inherent limitations in the audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any. Material misstatements that arise due to fraud can be higher to detect than those that arise from error as fraud may involve deliberate concealment or collusion.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's websites at www.frc.org/uk/auditorsresponsibillities. This description forms part of our Report of the Auditors.

REPORT OF THE INDEPENDENT AUDITOR TO THE MEMBERS OF
ALLGOOD SERVICES LTD.


A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditor.

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 a Report of the Auditor 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.




Christopher Bond (Senior Statutory Auditor)
for and on behalf of SBCA Statutory Auditor
17 Moor Park Avenue
Preston
Lancashire
PR1 6AS

10 September 2024

ALLGOOD SERVICES LTD. (REGISTERED NUMBER: 04145239)

STATEMENT OF INCOME AND
RETAINED EARNINGS
FOR THE YEAR ENDED 31 MARCH 2024

2024 2023
Notes £    £    £    £   

TURNOVER 8,164,115 13,823,698

Cost of sales 6,212,256 10,542,238
GROSS PROFIT 1,951,859 3,281,460

Administrative expenses 543,080 773,835
OPERATING PROFIT 5 1,408,779 2,507,625

Income from fixed asset
investments

2,279

2,157
Interest receivable and similar
income

5

2
2,284 2,159
1,411,063 2,509,784
Gain/loss on revaluation of
investments

4,310

(2,798

)
1,415,373 2,506,986

Interest payable and similar
expenses

6

(9,838

)

(2,552

)
PROFIT BEFORE TAXATION 1,425,211 2,509,538

Tax on profit 7 361,799 490,522
PROFIT FOR THE FINANCIAL
YEAR

1,063,412

2,019,016

Retained earnings at beginning of
year

5,034,481

3,211,465

Dividends 8 (850,000 ) (196,000 )

RETAINED EARNINGS AT END
OF YEAR

5,247,893

5,034,481

ALLGOOD SERVICES LTD. (REGISTERED NUMBER: 04145239)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 9 555,789 560,293
Investments 10 32,633 28,323
588,422 588,616

CURRENT ASSETS
Stocks 11 1,251,215 170,452
Debtors 12 4,207,300 5,097,996
Cash at bank 145,201 193,992
5,603,716 5,462,440
CREDITORS
Amounts falling due within one
year

13

895,397

991,510
NET CURRENT ASSETS 4,708,319 4,470,930
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,296,741

5,059,546

CREDITORS
Amounts falling due after more
than one year

14

(20,809

)

-

PROVISIONS FOR LIABILITIES 16 (27,939 ) (24,965 )
NET ASSETS 5,247,993 5,034,581

CAPITAL AND RESERVES
Called up share capital 17 100 100
Retained earnings 18 5,247,893 5,034,481
SHAREHOLDERS' FUNDS 5,247,993 5,034,581

The financial statements were approved by the Board of Directors and authorised for issue on 10 September 2024 and were signed on its behalf by:





P J Allgood - Director


ALLGOOD SERVICES LTD. (REGISTERED NUMBER: 04145239)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Allgood Services Ltd. 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Accounting convention
These financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principle accounting polices adopted are set out below.

This company is a qualified entity for the purposes of FRS 102, being a member of a group where the parent of that group prepares publicly available consolidated financial statements, including this company, which are intended to give a true and fair view of the assets, liabilities, financial position and profit or loss of the group. The company has therefore taken advantage of exemptions from the following disclosure requirements:

- Section 4 'Statement of Financial Position' - Reconciliation of the opening and closing number of shares;
- Section 7 'Statement of Cash Flows' - Presentation of a statement of cash flow and related notes and disclosure;
- Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instrument Issues' - Carrying amounts, interest income/expenses and net gains/losses for each category of financial instrument; basis of determining fair values; details of collateral, loan defaults or breaches, details of hedges, hedging fair value changes recognised in profit or loss and in other comprehensive income;
- Section 33 'Related Party Disclosures' - Compensation for key management personnel.

The financial statements of the company are consolidated in the financial statements of Littlebury Developments Limited. These consolidated financial statements are available from Companies House, Crown Way, Maindy, Cardiff, CF14 3UZ.

ALLGOOD SERVICES LTD. (REGISTERED NUMBER: 04145239)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

2. ACCOUNTING POLICIES - continued

Turnover
Turnover represents the invoice value of work carried out during the year, net of Value Added Tax, adjusted for contractual work in progress as follows:

The amount by which recorded turnover is in excess of payments on account is classified as "amounts recoverable on contracts" and separately disclosed, as appropriate, within debtors due within one year and after more than one year.

The value of the recorded turnover has been determined by the following methods:

Part Completed Contracts:

a) Contracts in the early stages, the outcome of which cannot reasonably be assessed, cost plus overheads less foreseeable losses.

b) Contracts sufficiently advanced for the outcome to be assessed with reasonable certainly, cost plus ascertainable profit less any known inequalities of profitability in the various stages of the contracts, less foreseeable losses.

Contracts Awaiting Final Certificates:

Cost plus attributable profit less foreseeable losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 12.5% on reducing balance
Plant and machinery - 25% on reducing balance and 5% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

ALLGOOD SERVICES LTD. (REGISTERED NUMBER: 04145239)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

2. ACCOUNTING POLICIES - continued

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future cash flows discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of future cash flows discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if the payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest rate method.

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


ALLGOOD SERVICES LTD. (REGISTERED NUMBER: 04145239)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. CRITICAL ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCE

In the application of the company's accounting policies, which are described in below, the director's are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recongnised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision effects both current and future periods.

Provisions for Amounts Recoverable on Contract

Where losses on contracts are expected, the entire loss is recognised immediately within the statement of Comprehensive Income.

Key Sources of estimation uncertainty

The director's have considered whether there are any key assumptions concerning the future, and other key sources of estimation uncertainty at the reporting period that may have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year. They have concluded that there are no key assumptions relevant to the company.

ALLGOOD SERVICES LTD. (REGISTERED NUMBER: 04145239)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. EMPLOYEES AND DIRECTORS
2024 2023
£    £   
Wages and salaries 198,061 468,745
Social security costs 7,446 15,264
Other pension costs 4,592 7,205
210,099 491,214

The average number of employees during the year was as follows:
2024 2023

Directors 2 2
Administrative 8 11
10 13

2024 2023
£    £   
Directors' remuneration - 15,912

The number of directors to whom retirement benefits were accruing was as follows:

Money purchase schemes 2 2

5. OPERATING PROFIT

The operating profit is stated after charging/(crediting):

2024 2023
£    £   
Hire of plant and machinery 14,182 18,787
Depreciation - owned assets 45,137 46,549
Loss/(profit) on disposal of fixed assets 4,367 (380 )
Auditors' remuneration 13,808 2,451

6. INTEREST PAYABLE AND SIMILAR EXPENSES
2024 2023
£    £   
HMRC interest and penalties (10,401 ) (4,202 )
Hire purchase 563 1,650
(9,838 ) (2,552 )

ALLGOOD SERVICES LTD. (REGISTERED NUMBER: 04145239)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

7. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
2024 2023
£    £   
Current tax:
UK corporation tax 358,825 485,889

Deferred tax 2,974 4,633
Tax on profit 361,799 490,522

UK corporation tax has been charged at 25% (2023 - 19%).

Reconciliation of total tax charge included in profit and loss
The tax assessed for the year is higher than the standard rate of corporation tax in the UK. The difference is explained below:

2024 2023
£    £   
Profit before tax 1,425,211 2,509,538
Profit multiplied by the standard rate of corporation tax in
the UK of 25% (2023 - 19%)

356,303

476,812

Effects of:
Expenses not deductible for tax purposes 3,303 1,162
Income not taxable for tax purposes (569 ) (410 )
Depreciation in excess of capital allowances 2,762 12,958
Total tax charge 361,799 490,522

8. DIVIDENDS
2024 2023
£    £   
Interim dividend 850,000 196,000

ALLGOOD SERVICES LTD. (REGISTERED NUMBER: 04145239)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

9. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1 April 2023 508,328 119,566 4,367
Additions - 33,500 -
Disposals - (20,951 ) -
At 31 March 2024 508,328 132,115 4,367
DEPRECIATION
At 1 April 2023 53,338 80,110 3,889
Charge for year 15,420 11,407 478
Eliminated on disposal - (20,467 ) -
At 31 March 2024 68,758 71,050 4,367
NET BOOK VALUE
At 31 March 2024 439,570 61,065 -
At 31 March 2023 454,990 39,456 478

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2023 153,052 19,105 804,418
Additions 11,500 - 45,000
Disposals (14,629 ) (3,173 ) (38,753 )
At 31 March 2024 149,923 15,932 810,665
DEPRECIATION
At 1 April 2023 95,027 11,761 244,125
Charge for year 14,757 3,075 45,137
Eliminated on disposal (11,801 ) (2,118 ) (34,386 )
At 31 March 2024 97,983 12,718 254,876
NET BOOK VALUE
At 31 March 2024 51,940 3,214 555,789
At 31 March 2023 58,025 7,344 560,293

Included in cost of land and buildings is freehold land of £ 200,000 (2023 - £ 200,000 ) which is not depreciated.

Included in fixed assets is plant and machinery held under hire purchase contracts with a net book value of £32,104 (2023: £44,336). Depreciation charged on those assets in the year was £1,396 (2023: £14,784)

ALLGOOD SERVICES LTD. (REGISTERED NUMBER: 04145239)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

10. FIXED ASSET INVESTMENTS
Listed
investments
£   
COST OR VALUATION
At 1 April 2023 28,323
Revaluations 4,310
At 31 March 2024 32,633
NET BOOK VALUE
At 31 March 2024 32,633
At 31 March 2023 28,323

Cost or valuation at 31 March 2024 is represented by:

Listed
investments
£   
Valuation in 2018 43,377
Valuation in 2019 (1,600 )
Valuation in 2020 (13,799 )
Valuation in 2021 14,989
Valuation in 2022 (11,846 )
Valuation in 2023 (2,798 )
Valuation in 2024 4,310
32,633

11. STOCKS
2024 2023
£    £   
Work-in-progress 1,251,215 170,452

12. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 245,315 915,458
Amounts owed by group undertakings 2,705,054 2,422,063
Amounts recoverable on contract 1,013,710 1,252,483
VAT 44,220 -
Prepayments 8,691 7,235
4,016,990 4,597,239

Amounts falling due after more than one year:
Amounts recoverable on contract 190,310 500,757

Aggregate amounts 4,207,300 5,097,996

ALLGOOD SERVICES LTD. (REGISTERED NUMBER: 04145239)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts (see note 15)
9,341

14,905
Trade creditors 141,520 152,449
Tax 214,740 269,431
Social security and other taxes 79,219 96,507
VAT - 26,216
Other creditors 13,938 7,215
Directors' loan accounts 595 172
Accrued expenses 436,044 424,615
895,397 991,510

Amounts owed to group undertakings comprise the balance owed to Littlebury Developments Limited, the parent company.

14. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Hire purchase contracts (see note 15)
20,809

-

15. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 9,341 14,905
Between one and five years 20,809 -
30,150 14,905

Non-cancellable operating leases
2024 2023
£    £   
Within one year 1,190 4,756
Between one and five years - 1,190
1,190 5,946

16. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 27,939 24,965

ALLGOOD SERVICES LTD. (REGISTERED NUMBER: 04145239)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

16. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 April 2023 24,965
Charge to Statement of Comprehensive Income during year 2,974
Balance at 31 March 2024 27,939

17. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

18. RESERVES
Retained
earnings
£   

At 1 April 2023 5,034,481
Profit for the year 1,063,412
Dividends (850,000 )
At 31 March 2024 5,247,893

19. ULTIMATE PARENT COMPANY

The ultimate parent company is Littlebury Developments Limited for which group financial statements are drawn up. The parent's registered office is 9 Commerce Road, Peterborough. PE2 6LR, and is registered in England and Wales.

The consolidated accounts of Littlebury Developments Limited are available to the public and may be obtained from the Registrar of Companies, Companies House, Crown Way, Cardiff. CF14 3UZ.

20. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
P J Allgood
Balance outstanding at start of year (173 ) (288 )
Amounts advanced 686,317 646,742
Amounts repaid (686,739 ) (646,627 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (595 ) (173 )

ALLGOOD SERVICES LTD. (REGISTERED NUMBER: 04145239)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

20. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

This loan is unsecured.

21. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Littlebury Holdings Limited (a company controlled by the Directors)
2024 2023
£    £   
Sales 1,272,024 1,057,513

22. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is the Board of Directors.