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REGISTERED NUMBER: 05433574 (England and Wales)









Unaudited Financial Statements

for the Year Ended 30 April 2024

for

K Allman Electrics Limited

K Allman Electrics Limited (Registered number: 05433574)






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




Page

Balance Sheet 1

Notes to the Financial Statements 3


K Allman Electrics Limited (Registered number: 05433574)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £   
FIXED ASSETS
Intangible assets 4 12,000 24,000
Tangible assets 5 28,776 15,916
40,776 39,916

CURRENT ASSETS
Stocks 2,779 3,087
Debtors 6 189,956 56,897
Cash at bank 37,666 139,731
230,401 199,715
CREDITORS
Amounts falling due within one year 7 (77,836 ) (102,317 )
NET CURRENT ASSETS 152,565 97,398
TOTAL ASSETS LESS CURRENT LIABILITIES 193,341 137,314

CREDITORS
Amounts falling due after more than one
year

8

(19,757

)

(28,681

)
NET ASSETS 173,584 108,633

CAPITAL AND RESERVES
Called up share capital 150 150
Retained earnings 173,434 108,483
SHAREHOLDERS' FUNDS 173,584 108,633

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.

K Allman Electrics Limited (Registered number: 05433574)

Balance Sheet - 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 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:





Mrs S Barton - Director


K Allman Electrics Limited (Registered number: 05433574)

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

1. STATUTORY INFORMATION

K Allman Electrics Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 05433574

Registered office: 3 Roe Street
Macclesfield
Cheshire
SK11 6UT

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 is measured at the fair value of the consideration received or receivable, net of VAT and trade discounts.

When the outcome of a transaction can be estimated reliably, turnover from services is recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to finalisation of work completed.

Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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

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

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 5 (2023 - 5 ) .

K Allman Electrics Limited (Registered number: 05433574)

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2023
and 30 April 2024 240,000
AMORTISATION
At 1 May 2023 216,000
Amortisation for year 12,000
At 30 April 2024 228,000
NET BOOK VALUE
At 30 April 2024 12,000
At 30 April 2023 24,000

5. TANGIBLE FIXED ASSETS
Motor Office
vehicles equipment Totals
£    £    £   
COST
At 1 May 2023 32,140 5,773 37,913
Additions 22,487 - 22,487
At 30 April 2024 54,627 5,773 60,400
DEPRECIATION
At 1 May 2023 16,285 5,712 21,997
Charge for year 9,606 21 9,627
At 30 April 2024 25,891 5,733 31,624
NET BOOK VALUE
At 30 April 2024 28,736 40 28,776
At 30 April 2023 15,855 61 15,916

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 56,604 50,704
Other debtors 133,352 6,193
189,956 56,897

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade creditors 21,275 55,595
Amounts owed to group undertakings 3,883 3,883
Taxation and social security 26,432 18,438
Other creditors 26,246 24,401
77,836 102,317

K Allman Electrics Limited (Registered number: 05433574)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans 19,757 28,681

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

30.4.24 30.4.23
£    £   
Mr K Allman
Balance outstanding at start of year - -
Amounts advanced 56,030 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 56,030 -

Mrs S Barton
Balance outstanding at start of year - -
Amounts advanced 20,586 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 20,586 -

Loans are repaid within 9 months of the year end.