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REGISTERED NUMBER: 00750465 (England and Wales)















Unaudited Financial Statements for the Year Ended 24 March 2024

for

Allen Fabrications Limited

Allen Fabrications Limited (Registered number: 00750465)






Contents of the Financial Statements
for the Year Ended 24 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 7

Allen Fabrications Limited

Company Information
for the Year Ended 24 March 2024







DIRECTORS: C J Sharp
Mrs L J Sharp
D M Edwards





REGISTERED OFFICE: Unit 17
Four Pools Industrial Estate
Davies Road
Evesham
Worcestershire
WR11 1DR





REGISTERED NUMBER: 00750465 (England and Wales)





ACCOUNTANTS: Charnwood Accountants & Business Advisors LLP
The Point
Granite Way
Mountsorrel
Loughborough
Leicestershire
LE12 7TZ

Allen Fabrications Limited (Registered number: 00750465)

Balance Sheet
24 March 2024

24.3.24 24.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 886,509 868,261
Investments 5 16,496,001 16,496,001
17,382,510 17,364,262

CURRENT ASSETS
Stocks 127,000 125,000
Debtors 6 3,441,934 2,391,975
Cash at bank and in hand 110,968 572,136
3,679,902 3,089,111
CREDITORS: AMOUNTS FALLING DUE
WITHIN ONE YEAR

7

1,773,264

2,212,291
NET CURRENT ASSETS 1,906,638 876,820
TOTAL ASSETS LESS CURRENT
LIABILITIES

19,289,148

18,241,082

PROVISIONS FOR LIABILITIES 61,627 53,328
NET ASSETS 19,227,521 18,187,754

CAPITAL AND RESERVES
Called up share capital 23,751 23,751
Capital redemption reserve 8 1,249 1,249
Retained earnings 8 19,202,521 18,162,754
19,227,521 18,187,754

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 24 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 24 March 2024 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.

Allen Fabrications Limited (Registered number: 00750465)

Balance Sheet - continued
24 March 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 October 2024 and were signed on its behalf by:





C J Sharp - Director


Allen Fabrications Limited (Registered number: 00750465)

Notes to the Financial Statements
for the Year Ended 24 March 2024

1. STATUTORY INFORMATION

Allen Fabrications Limited 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.

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" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents the fair value of services provided under contracts with customers to the extent that there is a right to consideration. It is measured at the fair value of the consideration due. Where a service is incomplete at the year end, turnover represents the value of the service provided to that date based on an appropriate proportion of the total expected consideration at completion.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks and work in progress
Stock comprises of raw materials, work in progress, finished goods and goods for resale, and is valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

The cost of raw materials and goods for resale is purchase price on a first in first out basis.

Work in progress represents the value of work performed between the last payment certificate made in the accounting period and the year end.

The cost of finished goods comprises all costs in bringing the goods to their present location and condition.

Net realisable value is calculated as the selling price of the finished product or goods for resale less any costs still to be incurred in getting items into their finished state.

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.


Allen Fabrications Limited (Registered number: 00750465)

Notes to the Financial Statements - continued
for the Year Ended 24 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. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2023 - 21 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 25 March 2023 640,000 748,555 1,388,555
Additions - 74,537 74,537
Disposals - (31,950 ) (31,950 )
At 24 March 2024 640,000 791,142 1,431,142
DEPRECIATION
At 25 March 2023 - 520,294 520,294
Charge for year - 40,141 40,141
Eliminated on disposal - (15,802 ) (15,802 )
At 24 March 2024 - 544,633 544,633
NET BOOK VALUE
At 24 March 2024 640,000 246,509 886,509
At 24 March 2023 640,000 228,261 868,261

Allen Fabrications Limited (Registered number: 00750465)

Notes to the Financial Statements - continued
for the Year Ended 24 March 2024

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 25 March 2023
and 24 March 2024 16,496,001
NET BOOK VALUE
At 24 March 2024 16,496,001
At 24 March 2023 16,496,001

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
24.3.24 24.3.23
£    £   
Trade debtors 246,630 161,862
Amounts owed by group undertakings 3,155,488 2,199,323
Other debtors 39,816 30,790
3,441,934 2,391,975

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
24.3.24 24.3.23
£    £   
Trade creditors 537,873 859,878
Amounts owed to group undertakings 430,558 625,151
Taxation and social security 142,771 65,486
Other creditors 662,062 661,776
1,773,264 2,212,291

8. RESERVES
Capital
Retained redemption
earnings reserve Totals
£    £    £   

At 25 March 2023 18,162,754 1,249 18,164,003
Profit for the year 1,039,767 1,039,767
At 24 March 2024 19,202,521 1,249 19,203,770

9. ULTIMATE CONTROLLING PARTY

The controlling party is the parent company, Allen Fabrications Holdings Ltd, a company registered in England and Wales whose registered office and principal place of business are the the same as those shown on the Company Information page of these accounts.

Chartered Certified Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Allen Fabrications Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Allen Fabrications Limited for the year ended 24 March 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Allen Fabrications Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Allen Fabrications Limited and state those matters that we have agreed to state to the Board of Directors of Allen Fabrications Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Allen Fabrications Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Allen Fabrications Limited. You consider that Allen Fabrications Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Allen Fabrications Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Charnwood Accountants & Business Advisors LLP
The Point
Granite Way
Mountsorrel
Loughborough
Leicestershire
LE12 7TZ


28 October 2024