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REGISTERED NUMBER: 10133039 (England and Wales)















Allens Cadge & Gilbert Ltd

Unaudited Financial Statements

for the year ended

30 April 2024






Allens Cadge & Gilbert Ltd (Registered number: 10133039)

Contents of the Financial Statements
for the year ended 30 April 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 5


Allens Cadge & Gilbert Ltd

Company Information
for the year ended 30 April 2024







DIRECTORS: Mrs T R Utting
Miss V S Allen





REGISTERED OFFICE: 2 St Marys Street
Bungay
Suffolk
NR35 1AX





REGISTERED NUMBER: 10133039 (England and Wales)





ACCOUNTANTS: TC Group
8 Hopper Way
Diss
Norfolk
IP22 4GT

Allens Cadge & Gilbert Ltd (Registered number: 10133039)

Balance Sheet
30 April 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 - 14,608
Tangible assets 5 - 3,401
- 18,009

CURRENT ASSETS
Stocks 128,782 239,851
Debtors 6 94,033 91,245
Cash at bank 38,688 50,308
261,503 381,404
CREDITORS
Amounts falling due within one year 7 (78,601 ) (106,918 )
NET CURRENT ASSETS 182,902 274,486
TOTAL ASSETS LESS CURRENT LIABILITIES 182,902 292,495

CAPITAL AND RESERVES
Called up share capital 8 90 90
Retained earnings 9 182,812 292,405
SHAREHOLDERS' FUNDS 182,902 292,495

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 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.

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 30 January 2025 and were signed on its behalf by:




Miss V S Allen - Director



Mrs T R Utting - Director


Allens Cadge & Gilbert Ltd (Registered number: 10133039)

Notes to the Financial Statements
for the year ended 30 April 2024


1. STATUTORY INFORMATION

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

The company sold its trade and fixed assets on 22 March 2024. These accounts have been prepared on a going concern basis as the directors plan to continue trading, albeit at a reduced level, by providing ongoing legal consultancy services.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2016, is being amortised evenly over its estimated useful life of ten years.

The value of goodwill in the accounts has been written down to £nil following the sale of the trade and fixed assets of the business on 22 March 2024.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Fixtures and fittings - 33% on cost
Motor vehicles - 25% on reducing balance

The value of tangible fixed assets in the accounts has been written down to £nil following the sale of the trade and fixed assets of the business on 22 March 2024.

Work in progress
Work in progress is stated at the fair value of unbilled chargeable time.

Financial instruments
Short term debtors are measured at transaction price, less any impairment.
Short term creditors are measured at their transaction price.

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.

Allens Cadge & Gilbert Ltd (Registered number: 10133039)

Notes to the Financial Statements - continued
for the year ended 30 April 2024


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 9 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2023 41,009
Impairments (14,608 )
At 30 April 2024 26,401
AMORTISATION
At 1 May 2023
and 30 April 2024 26,401
NET BOOK VALUE
At 30 April 2024 -
At 30 April 2023 14,608

5. TANGIBLE FIXED ASSETS
Fixtures
Long and Motor
leasehold fittings vehicles Totals
£    £    £    £   
COST
At 1 May 2023 50 3,730 11,838 15,618
Additions - 50 - 50
Disposals - (3,680 ) (11,838 ) (15,518 )
Impairments (50 ) - - (50 )
At 30 April 2024 - 100 - 100
DEPRECIATION
At 1 May 2023 - 3,046 9,171 12,217
Charge for year - 176 - 176
Eliminated on disposal - (3,122 ) (9,171 ) (12,293 )
At 30 April 2024 - 100 - 100
NET BOOK VALUE
At 30 April 2024 - - - -
At 30 April 2023 50 684 2,667 3,401

Allens Cadge & Gilbert Ltd (Registered number: 10133039)

Notes to the Financial Statements - continued
for the year ended 30 April 2024


5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:
Motor
vehicles
£   
COST
At 1 May 2023 12,025
Disposals (12,025 )
At 30 April 2024 -
DEPRECIATION
At 1 May 2023 9,171
Eliminated on disposal (9,171 )
At 30 April 2024 -
NET BOOK VALUE
At 30 April 2024 -
At 30 April 2023 2,854

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 74,430 61,072
Other debtors 19,603 30,173
94,033 91,245

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 19,404 7,399
Taxation and social security 19,649 57,014
Other creditors 39,548 42,505
78,601 106,918

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
90 Ordinary 1 90 90

9. RESERVES
Retained
earnings
£   

At 1 May 2023 292,405
Deficit for the year (70,593 )
Dividends (39,000 )
At 30 April 2024 182,812