IRIS Accounts Production v24.3.2.46 13699227 Board of Directors 1.11.23 31.10.24 31.10.24 false true false false true false Ordinary A 1.00000 Ordinary B 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh136992272023-10-31136992272024-10-31136992272023-11-012024-10-31136992272022-10-31136992272022-11-012023-10-31136992272023-10-3113699227ns15:EnglandWales2023-11-012024-10-3113699227ns14:PoundSterling2023-11-012024-10-3113699227ns10:Director12023-11-012024-10-3113699227ns10:PrivateLimitedCompanyLtd2023-11-012024-10-3113699227ns10:SmallEntities2023-11-012024-10-3113699227ns10:AuditExempt-NoAccountantsReport2023-11-012024-10-3113699227ns10:SmallCompaniesRegimeForDirectorsReport2023-11-012024-10-3113699227ns10:SmallCompaniesRegimeForAccounts2023-11-012024-10-3113699227ns10:FullAccounts2023-11-012024-10-3113699227ns10:OrdinaryShareClass12023-11-012024-10-3113699227ns10:OrdinaryShareClass22023-11-012024-10-3113699227ns10:Director22023-11-012024-10-3113699227ns10:RegisteredOffice2023-11-012024-10-3113699227ns5:CurrentFinancialInstruments2024-10-3113699227ns5:CurrentFinancialInstruments2023-10-3113699227ns5:ShareCapital2024-10-3113699227ns5:ShareCapital2023-10-3113699227ns5:RetainedEarningsAccumulatedLosses2024-10-3113699227ns5:RetainedEarningsAccumulatedLosses2023-10-3113699227ns5:FurnitureFittings2023-11-012024-10-3113699227ns5:ComputerEquipment2023-11-012024-10-3113699227ns5:FurnitureFittings2023-10-3113699227ns5:ComputerEquipment2023-10-3113699227ns5:FurnitureFittings2024-10-3113699227ns5:ComputerEquipment2024-10-3113699227ns5:FurnitureFittings2023-10-3113699227ns5:ComputerEquipment2023-10-3113699227ns5:WithinOneYearns5:CurrentFinancialInstruments2024-10-3113699227ns5:WithinOneYearns5:CurrentFinancialInstruments2023-10-3113699227ns5:AcceleratedTaxDepreciationDeferredTax2024-10-3113699227ns5:AcceleratedTaxDepreciationDeferredTax2023-10-3113699227ns5:DeferredTaxation2023-10-3113699227ns5:DeferredTaxation2024-10-3113699227ns10:OrdinaryShareClass12024-10-3113699227ns10:OrdinaryShareClass22024-10-31
REGISTERED NUMBER: 13699227 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

ALLWOOD TRADING LIMITED

ALLWOOD TRADING LIMITED (REGISTERED NUMBER: 13699227)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ALLWOOD TRADING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2024







DIRECTORS: A P Shelton
N A Shelton





REGISTERED OFFICE: Boyce's Building
40-42 Regent Street
Clifton
Bristol
BS8 4HU





REGISTERED NUMBER: 13699227 (England and Wales)





ACCOUNTANTS: Lawes & Co
Boyce's Building
40-42 Regent Street
Clifton
Bristol
BS8 4HU

ALLWOOD TRADING LIMITED (REGISTERED NUMBER: 13699227)

BALANCE SHEET
31 OCTOBER 2024

31.10.24 31.10.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 687 889

CURRENT ASSETS
Debtors 5 932 11,238
Cash at bank 162,175 127,938
163,107 139,176
CREDITORS
Amounts falling due within one year 6 44,341 42,812
NET CURRENT ASSETS 118,766 96,364
TOTAL ASSETS LESS CURRENT
LIABILITIES

119,453

97,253

PROVISIONS FOR LIABILITIES 7 130 169
NET ASSETS 119,323 97,084

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 119,223 96,984
SHAREHOLDERS' FUNDS 119,323 97,084

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

ALLWOOD TRADING LIMITED (REGISTERED NUMBER: 13699227)

BALANCE SHEET - continued
31 OCTOBER 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 12 March 2025 and were signed on its behalf by:





A P Shelton - Director


ALLWOOD TRADING LIMITED (REGISTERED NUMBER: 13699227)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

1. STATUTORY INFORMATION

Allwood Trading Limited 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.

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, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost
Computer equipment - 33% on cost

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.

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.

ALLWOOD TRADING LIMITED (REGISTERED NUMBER: 13699227)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 November 2023 779 1,496 2,275
Additions - 738 738
At 31 October 2024 779 2,234 3,013
DEPRECIATION
At 1 November 2023 389 997 1,386
Charge for year 195 745 940
At 31 October 2024 584 1,742 2,326
NET BOOK VALUE
At 31 October 2024 195 492 687
At 31 October 2023 390 499 889

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade debtors 932 -
Other debtors - 11,238
932 11,238

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Taxation and social security 13,233 4,666
Other creditors 31,108 38,146
44,341 42,812

7. PROVISIONS FOR LIABILITIES
31.10.24 31.10.23
£    £   
Deferred tax
Accelerated capital allowances 130 169

ALLWOOD TRADING LIMITED (REGISTERED NUMBER: 13699227)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024

7. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 November 2023 169
Reversal of timing differences (39 )
Balance at 31 October 2024 130

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.24 31.10.23
value: £    £   
80 Ordinary A £1 80 80
20 Ordinary B £1 20 20
100 100

9. RELATED PARTY DISCLOSURES

The directors maintain interest free loan accounts with the company. As at the balance sheet date, the company owed the directors £29,007 (2023: £35,956).

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is considered to be the directors.