Registered number
05269273
Allen Fabrications & Sons Limited
Filleted Accounts
31 December 2024
Allen Fabrications & Sons Limited
Registered number: 05269273
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 267,725 170,998
Current assets
Stocks 42,500 42,461
Debtors 4 187,890 392,787
Cash at bank and in hand 165,671 60,923
396,061 496,171
Creditors: amounts falling due within one year 5 (144,903) (269,308)
Net current assets 251,158 226,863
Total assets less current liabilities 518,883 397,861
Creditors: amounts falling due after more than one year 6 (92,033) (17,577)
Net assets 426,850 380,284
Capital and reserves
Called up share capital 2 2
Profit and loss account 426,848 380,282
Shareholders' funds 426,850 380,284
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
W.K. Allen
Director
Approved by the board on 26 February 2025
Allen Fabrications & Sons Limited
Notes to the Accounts
for the year ended 31 December 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Motor vehicles 25% reducing balance
Plant and machinery 10% reducing balance
Fixtures, fittings, tools and equipment 25% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 10 10
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 January 2024 21,646 278,523 76,842 377,011
Additions - 138,202 39,755 177,957
Disposals - (90,500) (28,000) (118,500)
At 31 December 2024 21,646 326,225 88,597 436,468
Depreciation
At 1 January 2024 - 161,519 44,494 206,013
Charge for the year - 22,791 15,072 37,863
On disposals - (58,946) (16,187) (75,133)
At 31 December 2024 - 125,364 43,379 168,743
Net book value
At 31 December 2024 21,646 200,861 45,218 267,725
At 31 December 2023 21,646 117,004 32,348 170,998
4 Debtors 2024 2023
£ £
Trade debtors 187,890 392,787
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 10,000 10,000
Obligations under finance lease and hire purchase contracts 13,200 4,125
Trade creditors 43,744 126,451
Taxation and social security costs 72,959 128,732
Other creditors 5,000 -
144,903 269,308
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 5,833 15,858
Obligations under finance lease and hire purchase contracts 46,200 1,719
Other creditors 40,000 -
92,033 17,577
7 Other information
Allen Fabrications & Sons Limited is a private company limited by shares and incorporated in England. Its registered office is:
47 Orchard Drive
Ackworth
Pontefract
West Yorkshire
WF7 7DS
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