IRIS Accounts Production v24.2.0.383 10538627 Board of Directors 1.11.22 31.10.23 31.10.23 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh105386272022-10-31105386272023-10-31105386272022-11-012023-10-31105386272021-10-31105386272021-11-012022-10-31105386272022-10-3110538627ns15:EnglandWales2022-11-012023-10-3110538627ns14:PoundSterling2022-11-012023-10-3110538627ns10:Director12022-11-012023-10-3110538627ns10:PrivateLimitedCompanyLtd2022-11-012023-10-3110538627ns10:SmallEntities2022-11-012023-10-3110538627ns10:AuditExempt-NoAccountantsReport2022-11-012023-10-3110538627ns10:SmallCompaniesRegimeForDirectorsReport2022-11-012023-10-3110538627ns10:SmallCompaniesRegimeForAccounts2022-11-012023-10-3110538627ns10:FullAccounts2022-11-012023-10-3110538627ns10:OrdinaryShareClass12022-11-012023-10-3110538627ns10:Director22022-11-012023-10-3110538627ns10:RegisteredOffice2022-11-012023-10-3110538627ns5:CurrentFinancialInstruments2023-10-3110538627ns5:CurrentFinancialInstruments2022-10-3110538627ns5:Non-currentFinancialInstruments2023-10-3110538627ns5:Non-currentFinancialInstruments2022-10-3110538627ns5:ShareCapital2023-10-3110538627ns5:ShareCapital2022-10-3110538627ns5:RetainedEarningsAccumulatedLosses2023-10-3110538627ns5:RetainedEarningsAccumulatedLosses2022-10-3110538627ns5:PlantMachinery2022-11-012023-10-3110538627ns5:FurnitureFittings2022-11-012023-10-3110538627ns5:MotorVehicles2022-11-012023-10-3110538627ns5:ComputerEquipment2022-11-012023-10-3110538627ns5:PlantMachinery2022-10-3110538627ns5:FurnitureFittings2022-10-3110538627ns5:MotorVehicles2022-10-3110538627ns5:ComputerEquipment2022-10-3110538627ns5:PlantMachinery2023-10-3110538627ns5:FurnitureFittings2023-10-3110538627ns5:MotorVehicles2023-10-3110538627ns5:ComputerEquipment2023-10-3110538627ns5:PlantMachinery2022-10-3110538627ns5:FurnitureFittings2022-10-3110538627ns5:MotorVehicles2022-10-3110538627ns5:ComputerEquipment2022-10-3110538627ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-10-3110538627ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-10-3110538627ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-10-3110538627ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2022-10-3110538627ns5:DeferredTaxation2022-10-3110538627ns5:DeferredTaxation2022-11-012023-10-3110538627ns5:DeferredTaxation2023-10-3110538627ns10:OrdinaryShareClass12023-10-3110538627ns10:Director222022-10-3110538627ns10:Director222021-10-3110538627ns10:Director222022-11-012023-10-3110538627ns10:Director222021-11-012022-10-3110538627ns10:Director222023-10-3110538627ns10:Director222022-10-31105386271ns10:Director12022-10-31105386271ns10:Director12021-10-31105386271ns10:Director12022-11-012023-10-31105386271ns10:Director12021-11-012022-10-31105386271ns10:Director12023-10-31105386271ns10:Director12022-10-31
REGISTERED NUMBER: 10538627 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

R & B ALLMAN ELECTRICAL SERVICES LTD

R & B ALLMAN ELECTRICAL SERVICES LTD (REGISTERED NUMBER: 10538627)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


R & B ALLMAN ELECTRICAL SERVICES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTORS: R Allman
B Allman





REGISTERED OFFICE: 4 Office Village
Forder Way
Cygnet Park, Hampton
Peterborough
Cambridgeshire
PE7 8GX





REGISTERED NUMBER: 10538627 (England and Wales)





ACCOUNTANTS: TC CH Limited
4 Office Village
Forder Way
Cygnet Park, Hampton
Peterborough
Cambridgeshire
PE7 8GX

R & B ALLMAN ELECTRICAL SERVICES LTD (REGISTERED NUMBER: 10538627)

BALANCE SHEET
31 OCTOBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 15,829 302

CURRENT ASSETS
Stocks 5 41,394 41,394
Debtors 6 156,617 158,915
Cash at bank and in hand 25,750 497
223,761 200,806
CREDITORS
Amounts falling due within one year 7 133,256 157,308
NET CURRENT ASSETS 90,505 43,498
TOTAL ASSETS LESS CURRENT LIABILITIES 106,334 43,800

CREDITORS
Amounts falling due after more than one
year

8

(46,857

)

(42,500

)

PROVISIONS FOR LIABILITIES 10 (3,957 ) (76 )
NET ASSETS 55,520 1,224

CAPITAL AND RESERVES
Called up share capital 11 20 20
Retained earnings 55,500 1,204
SHAREHOLDERS' FUNDS 55,520 1,224

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

R & B ALLMAN ELECTRICAL SERVICES LTD (REGISTERED NUMBER: 10538627)

BALANCE SHEET - continued
31 OCTOBER 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 October 2024 and were signed on its behalf by:





R Allman - Director


R & B ALLMAN ELECTRICAL SERVICES LTD (REGISTERED NUMBER: 10538627)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023


1. STATUTORY INFORMATION

R & B Allman Electrical 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
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and have also been consistently applied within the same accounts.

Grants
The Coronavirus Job Retention Scheme is recognised as income in the period in which it becomes receivable under the performance model.

Debtors
Short term debtors are initially measured at transaction price less attributable costs and then subsequently measured at amortised costs using EIR. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors
Short term trade creditors are initially measured at transaction price less attributable costs. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Significant judgements and estimates
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

No significant judgements (apart from those involving estimations) have been made by management in the process of applying the entity's accounting policies and preparing these financial statements.

Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. There have been no key assumptions or there sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

R & B ALLMAN ELECTRICAL SERVICES LTD (REGISTERED NUMBER: 10538627)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023


2. ACCOUNTING POLICIES - continued

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

At each balance sheet date assets not carried at fair value are assessed to determine whether there is an indication that the asset may be impaired. If there is such an indication the recoverable amount of the asset is compared to the carrying amount of the asset.

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.

Financial instruments
The company holds basic financial instruments as defined in FRS102. The financial assets and financial liabilities of the company and their measurement basis are as follows:

Financial assets - trade and other debtors are basic financial instruments and are debt instruments measured at amortised cost. Prepayments are not financial instruments. Cash at bank is classified as a basic financial instrument and is measured at amortised cost.

Financial liabilities - trade creditors, accruals and other creditors and basic financial instruments and are measured at amortised cost. Taxation and social security and not included in the financial instruments disclosure definition.

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

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.

R & B ALLMAN ELECTRICAL SERVICES LTD (REGISTERED NUMBER: 10538627)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 November 2022 664 155 - 1,711 2,530
Additions 975 - 14,994 666 16,635
At 31 October 2023 1,639 155 14,994 2,377 19,165
DEPRECIATION
At 1 November 2022 416 111 - 1,701 2,228
Charge for year 87 11 1,000 10 1,108
At 31 October 2023 503 122 1,000 1,711 3,336
NET BOOK VALUE
At 31 October 2023 1,136 33 13,994 666 15,829
At 31 October 2022 248 44 - 10 302

5. STOCKS
2023 2022
£    £   
Work-in-progress 41,394 41,394

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 21,757 84,445
Other Debtor S455 27,849 12,611
Directors' current accounts 107,011 61,859
156,617 158,915

.

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts (see note 9) - 3,959
Hire purchase contracts 3,124 -
Trade creditors 219 1,231
Corporation tax 110,859 54,913
Social security and other taxes 9,146 4,702
VAT 8,723 6,933
Accrued expenses 1,185 85,570
133,256 157,308

R & B ALLMAN ELECTRICAL SERVICES LTD (REGISTERED NUMBER: 10538627)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans (see note 9) 38,267 42,500
Hire purchase contracts 8,590 -
46,857 42,500

9. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts - 3,959

Amounts falling due between two and five years:
Bank loans - 2-5 years 38,267 42,500

10. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 3,957 76

Deferred
tax
£   
Balance at 1 November 2022 76
Provided during year 3,881
Balance at 31 October 2023 3,957

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
20 Ordinary £1 20 20

R & B ALLMAN ELECTRICAL SERVICES LTD (REGISTERED NUMBER: 10538627)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023


12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 October 2023 and 31 October 2022:

2023 2022
£    £   
B Allman
Balance outstanding at start of year (30,930 ) (29,119 )
Amounts advanced 62,553 41,500
Amounts repaid (85,128 ) (43,311 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (53,505 ) (30,930 )

R Allman
Balance outstanding at start of year (30,930 ) (29,119 )
Amounts advanced 62,553 41,500
Amounts repaid (85,128 ) (43,311 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (53,505 ) (30,930 )

Interest has been charged on this loan, the loan is unsecured and repayable on demand.

13. RELATED PARTY DISCLOSURES

During the year, total dividends of £100,000 were paid to the directors .

14. ULTIMATE CONTROLLING PARTY

The company is controlled jointly by Mr R Allman and Mr B Allman by virtue of their equal shareholding.