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Registration number: 03303618

Allcock's Outdoor Store Ltd

Annual Report and Unaudited Abridged Financial Statements

for the Year Ended 31 March 2024

 

Allcock's Outdoor Store Ltd

Contents

Company Information

1

Directors' Report

2

Abridged Balance Sheet

3 to 4

Notes to the Unaudited Abridged Financial Statements

5 to 8

 

Allcock's Outdoor Store Ltd

Company Information

Directors

D Allcock

Miss J Toland

Company secretary

Miss J Toland

Registered office

10 York Street
Stourport on Severn
Worcestershire
DY13 9EG

Accountants

Perrigo Consultants Limited Anglo House
Worcester Road
Stourport on Severn
DY13 9AW

 

Allcock's Outdoor Store Ltd

Directors' Report for the Year Ended 31 March 2024

The directors present their report and the abridged financial statements for the year ended 31 March 2024.

Directors of the company

The directors who held office during the year were as follows:

D Allcock

Miss J Toland - Company secretary and director

Principal activity

The principal activity of the company is retail sale of outdoor sporting good.

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 28 January 2025 and signed on its behalf by:
 

.........................................
Miss J Toland
Company secretary and director

 

Allcock's Outdoor Store Ltd

(Registration number: 03303618)
Abridged Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

6

14,976

20,204

Current assets

 

Stocks

7

864,284

1,023,000

Debtors

8

30,358

20,346

Cash at bank and in hand

 

84,588

31,578

 

979,230

1,074,924

Prepayments and accrued income

 

13,203

12,501

Creditors: Amounts falling due within one year

(566,326)

(660,525)

Net current assets

 

426,107

426,900

Total assets less current liabilities

 

441,083

447,104

Provisions for liabilities

-

(3,307)

Accruals and deferred income

 

(5,314)

(4,579)

Net assets

 

435,769

439,218

Capital and reserves

 

Called up share capital

9

100

100

Retained earnings

435,669

439,118

Shareholders' funds

 

435,769

439,218

 

Allcock's Outdoor Store Ltd

(Registration number: 03303618)
Abridged Balance Sheet as at 31 March 2024

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

All of the company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the Board on 28 January 2025 and signed on its behalf by:
 

.........................................
D Allcock
Director

 

Allcock's Outdoor Store Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
10 York Street
Stourport on Severn
Worcestershire
DY13 9EG

These financial statements were authorised for issue by the Board on 28 January 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Allcock's Outdoor Store Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2024

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures & fittings

25% Reducing balance

Motor Vehicles

25% Reducing balance

Office equipment

33% Reducing balance

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 12 (2023 - 13).

 

Allcock's Outdoor Store Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2024

4

Loss/profit before tax

Arrived at after charging/(crediting)

2024
£

2023
£

Depreciation expense

5,228

8,592

5

Intangible assets

Total
£

Cost or valuation

At 1 April 2023

20,000

At 31 March 2024

20,000

Amortisation

At 1 April 2023

20,000

At 31 March 2024

20,000

Carrying amount

At 31 March 2024

-

6

Tangible assets

Land and buildings
£

Fixtures and fittings
£

Office equipment
£

Motor vehicles
 £

Cost or valuation

At 1 April 2023

14,934

97,448

6,456

36,500

At 31 March 2024

14,934

97,448

6,456

36,500

Depreciation

At 1 April 2023

14,930

83,627

4,240

32,337

Charge for the year

-

3,456

731

1,041

At 31 March 2024

14,930

87,083

4,971

33,378

Carrying amount

At 31 March 2024

4

10,365

1,485

3,122

At 31 March 2023

4

13,821

2,216

4,163

 

Allcock's Outdoor Store Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2024

Total
£

Cost or valuation

At 1 April 2023

155,338

At 31 March 2024

155,338

Depreciation

At 1 April 2023

135,134

Charge for the year

5,228

At 31 March 2024

140,362

Carrying amount

At 31 March 2024

14,976

At 31 March 2023

20,204

Included within the net book value of land and buildings above is £4 (2023 - £4) in respect of freehold land and buildings.
 

7

Stocks

2024
£

2023
£

Finished goods and goods for resale

864,284

1,023,000

8

Debtors

Debtors includes £Nil (2023 - £Nil) due after more than one year.

9

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

100

100

100

100