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REGISTERED NUMBER: 09017909 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

Allen & Son Contracts Ltd

Allen & Son Contracts Ltd (Registered number: 09017909)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Allen & Son Contracts Ltd

Company Information
for the Year Ended 30 April 2024







DIRECTOR: D J Allen





REGISTERED OFFICE: Unit 1
Triumph Way
Woburn Road Industrial Estate
Kempston
Bedfordshire
MK42 7QB





REGISTERED NUMBER: 09017909 (England and Wales)





ACCOUNTANTS: Thompsons Accountancy Services Limited
Chartered Accountants
Grove House
1 Grove Place
Bedford
Bedfordshire
MK40 3JJ

Allen & Son Contracts Ltd (Registered number: 09017909)

Statement of Financial Position
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 3,284 8,378

CURRENT ASSETS
Stocks 6 10,156 10,156
Debtors 7 174,435 282,811
Cash at bank and in hand 233,906 10,373
418,497 303,340
CREDITORS
Amounts falling due within one year 8 324,552 229,301
NET CURRENT ASSETS 93,945 74,039
TOTAL ASSETS LESS CURRENT
LIABILITIES

97,229

82,417

CREDITORS
Amounts falling due after more than one year 9 (17,500 ) (27,500 )

PROVISIONS FOR LIABILITIES (624 ) (1,592 )
NET ASSETS 79,105 53,325

CAPITAL AND RESERVES
Called up share capital 200 200
Share premium 49,900 49,900
Retained earnings 29,005 3,225
SHAREHOLDERS' FUNDS 79,105 53,325

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Allen & Son Contracts Ltd (Registered number: 09017909)

Statement of Financial Position - continued
30 April 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 25 October 2024 and were signed by:





D J Allen - Director


Allen & Son Contracts Ltd (Registered number: 09017909)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Allen & Son Contracts 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. STATEMENT OF COMPLIANCE

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" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents net invoiced sales of goods and services, excluding Value Added Tax, together with amounts receivable on long term contracts, determined on the basis of the stage of completion of the job.

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 - 33% on cost
Motor vehicles - 25% on cost
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Allen & Son Contracts Ltd (Registered number: 09017909)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

3. ACCOUNTING POLICIES - continued

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 12 ) .

5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 May 2023 1,114 8,900 10,515 20,529
Disposals - (3,600 ) - (3,600 )
At 30 April 2024 1,114 5,300 10,515 16,929
DEPRECIATION
At 1 May 2023 1,114 1,550 9,487 12,151
Charge for year - 1,325 394 1,719
Eliminated on disposal - (225 ) - (225 )
At 30 April 2024 1,114 2,650 9,881 13,645
NET BOOK VALUE
At 30 April 2024 - 2,650 634 3,284
At 30 April 2023 - 7,350 1,028 8,378

6. STOCKS
30.4.24 30.4.23
£    £   
Stocks 10,156 10,156

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 72,644 83,806
Amounts recoverable on contracts 45,374 146,255
Other debtors 3,250 2,923
Directors' current accounts 34,243 29,704
Tax 10,852 10,852
Prepayments 8,072 9,271
174,435 282,811

Allen & Son Contracts Ltd (Registered number: 09017909)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 79,089 91,979
Tax 7,958 10,556
Social security and other taxes 18,789 60,927
VAT 25,175 11,351
Other creditors 3,116 15,350
Accrued expenses 180,425 29,138
324,552 229,301

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Bank loans - 1-2 years 10,000 10,000
Bank loans - 2-5 years 7,500 17,500
17,500 27,500

10. OTHER FINANCIAL COMMITMENTS

The company had total guarantees and commitments at the balance sheet date of £16,894 (2023 - £34,168)

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2024 and 30 April 2023:

30.4.24 30.4.23
£    £   
D J Allen
Balance outstanding at start of year 29,704 33,391
Amounts advanced 5,880 -
Amounts repaid (1,341 ) (3,687 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 34,243 29,704