16 15 Allsorted Ltd 07456030 false 2024-01-01 2024-12-31 2024-12-31 The principal activity of the company is the sale of gift books and giftware Digita Accounts Production Advanced 6.30.9574.0 true 07456030 2024-01-01 2024-12-31 07456030 2024-12-31 07456030 core:CurrentFinancialInstruments 2024-12-31 07456030 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-31 07456030 core:Non-currentFinancialInstruments 2024-12-31 07456030 core:Non-currentFinancialInstruments core:AfterOneYear 2024-12-31 07456030 core:PlantMachinery 2024-12-31 07456030 core:EntitiesWithJointControlOrSignificantInfluenceOverReportingEntity 2024-12-31 07456030 bus:SmallEntities 2024-01-01 2024-12-31 07456030 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 07456030 bus:FilletedAccounts 2024-01-01 2024-12-31 07456030 bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 07456030 bus:RegisteredOffice 2024-01-01 2024-12-31 07456030 bus:Director1 2024-01-01 2024-12-31 07456030 bus:Director3 2024-01-01 2024-12-31 07456030 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 07456030 bus:Agent1 2024-01-01 2024-12-31 07456030 core:PlantMachinery 2024-01-01 2024-12-31 07456030 core:EntitiesWithJointControlOrSignificantInfluenceOverReportingEntity 2024-01-01 2024-12-31 07456030 core:EntitiesWithJointControlOrSignificantInfluenceOverReportingEntity core:RenderingOrReceivingServices 2024-01-01 2024-12-31 07456030 core:EntitiesWithJointControlOrSignificantInfluenceOverReportingEntity core:SaleOrPurchaseGoods 2024-01-01 2024-12-31 07456030 countries:EnglandWales 2024-01-01 2024-12-31 07456030 2023-12-31 07456030 core:PlantMachinery 2023-12-31 07456030 2023-01-01 2023-12-31 07456030 2023-12-31 07456030 core:CurrentFinancialInstruments 2023-12-31 07456030 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 07456030 core:Non-currentFinancialInstruments 2023-12-31 07456030 core:Non-currentFinancialInstruments core:AfterOneYear 2023-12-31 07456030 core:PlantMachinery 2023-12-31 07456030 core:EntitiesWithJointControlOrSignificantInfluenceOverReportingEntity 2023-12-31 07456030 core:EntitiesWithJointControlOrSignificantInfluenceOverReportingEntity 2023-01-01 2023-12-31 07456030 core:EntitiesWithJointControlOrSignificantInfluenceOverReportingEntity core:RenderingOrReceivingServices 2023-01-01 2023-12-31 07456030 core:EntitiesWithJointControlOrSignificantInfluenceOverReportingEntity core:SaleOrPurchaseGoods 2023-01-01 2023-12-31 xbrli:pure iso4217:GBP

Registration number: 07456030

Allsorted Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2024

 

Allsorted Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Financial Statements

4 to 9

 

Allsorted Ltd

Company Information

Directors

Mr Lincoln John Exley

Mrs Julia Denise Exley

Registered office

16 Chalk Hill
Watford
Hertfordshire
WD19 4BG

Accountants

Landmark Accountants Limited Leavesden Park
5 Hercules Way
Watford
Hertfordshire
WD25 7GS

 

Allsorted Ltd

(Registration number: 07456030)
Balance Sheet as at 31 December 2024

Note

31 December
2024

31 December
2023

   

£

£

£

£

Fixed assets

   

 

Tangible assets

4

 

316,854

 

254,297

Current assets

   

 

Stocks

5

913,400

 

569,125

 

Debtors

6

798,852

 

880,377

 

Cash at bank and in hand

 

9,899

 

26,369

 

 

1,722,151

 

1,475,871

 

Creditors: Amounts falling due within one year

7

(1,359,634)

 

(1,032,785)

 

Net current assets

   

362,517

 

443,086

Total assets less current liabilities

   

679,371

 

697,383

Creditors: Amounts falling due after more than one year

7

 

(4,615)

 

(426,349)

Net assets

   

674,756

 

271,034

Capital and reserves

   

 

Called up share capital

180

 

170

 

Share premium reserve

2,605,776

 

2,199,930

 

Capital redemption reserve

-

 

143,401

 

Retained earnings

(1,931,200)

 

(2,072,467)

 

Shareholders' funds

   

674,756

 

271,034

For the financial year ending 31 December 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 and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 17 March 2025 and signed on its behalf by:
 

 

Allsorted Ltd

(Registration number: 07456030)
Balance Sheet as at 31 December 2024

.........................................
Mr Lincoln John Exley
Director

 

Allsorted Ltd

Notes to the Financial Statements for the Year Ended 31 December 2024

1

General information

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

The address of its registered office is:
16 Chalk Hill
Watford
Hertfordshire
WD19 4BG

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 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 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.

The presentational currency of these accounts is £ Sterling. The level of rounding is to the nearest £1.

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.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

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.

 

Allsorted Ltd

Notes to the Financial Statements for the Year Ended 31 December 2024

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

Plant and machinery

25% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

Allsorted Ltd

Notes to the Financial Statements for the Year Ended 31 December 2024

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Financial instruments

Classification
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.
 Recognition and measurement
Debt instruments like loans and other accounts receivable and payable are initially measured at present value of the future payments and subsequently at amortised cost using the effective interest method; Debt instruments that are payable or receivable within one year, typically trade payables or receivables, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in case of an outright short-term loan not at market rate, the financial asset or liability is measured, initially and subsequently, at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
 Impairment
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset’s carrying amount and the present value of estimated cash flows discounted at the asset’s original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 16 (2023 - 15).

 

Allsorted Ltd

Notes to the Financial Statements for the Year Ended 31 December 2024

4

Tangible assets

Plant and machinery
£

Total
£

Cost or valuation

At 1 January 2024

509,103

509,103

Additions

170,285

170,285

At 31 December 2024

679,388

679,388

Depreciation

At 1 January 2024

254,806

254,806

Charge for the year

107,728

107,728

At 31 December 2024

362,534

362,534

Carrying amount

At 31 December 2024

316,854

316,854

At 31 December 2023

254,297

254,297

5

Stocks

31 December
2024
£

31 December
2023
£

Other inventories

913,400

569,125

6

Debtors

Current

Note

31 December
2024
£

31 December
2023
£

Trade debtors

 

730,328

713,955

Amounts owed by related parties

10

-

51

Prepayments

 

35,967

138,197

Other debtors

 

32,557

28,174

   

798,852

880,377

 

Allsorted Ltd

Notes to the Financial Statements for the Year Ended 31 December 2024

7

Creditors

Note

31 December
2024
£

31 December
2023
£

Due within one year

 

Loans and borrowings

8

10,198

10,197

Trade creditors

 

736,255

375,963

Taxation and social security

 

20,194

17,039

Accruals and deferred income

 

11,462

98,103

Other creditors

 

581,525

531,483

 

1,359,634

1,032,785

Creditors: amounts falling due after more than one year

Note

31 December
2024
£

31 December
2023
£

Due after one year

 

Loans and borrowings

8

4,615

14,753

Other non-current financial liabilities

 

-

411,596

 

4,615

426,349

8

Loans and borrowings

Non-current loans and borrowings

31 December
2024
£

31 December
2023
£

Bank borrowings

4,615

14,753

Current loans and borrowings

31 December
2024
£

31 December
2023
£

Bank borrowings

10,198

10,197

9

Financial commitments, guarantees and contingencies

Amounts disclosed in the balance sheet

Included in the balance sheet are pensions of £3,050 (2023 - £2,343).

 

Allsorted Ltd

Notes to the Financial Statements for the Year Ended 31 December 2024

10

Related party transactions

Summary of transactions with all entities with joint control or significant interest

Transactions with companies that are owned by the directors' close family members

Expenditure with and payables to related parties

2024

Entities with joint control or significant influence
£

Purchase of goods

178,281

Rendering of services

36,000

214,281

Amounts payable to related party

129,910

2023

Entities with joint control or significant influence
£

Purchase of goods

180,627

Rendering of services

36,000

216,627

Amounts payable to related party

149,150