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01/04/2023
31/03/2024
2024-03-31
false
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No description of principal activities is disclosed
2023-04-01
Sage Accounts Production 23.0 - FRS102_2023
xbrli:pure
xbrli:shares
iso4217:GBP
05857215
2023-04-01
2024-03-31
05857215
2024-03-31
05857215
2023-03-31
05857215
2022-04-01
2023-03-31
05857215
2023-03-31
05857215
2022-03-31
05857215
core:FurnitureFittingsToolsEquipment
2023-04-01
2024-03-31
05857215
core:MotorVehicles
2023-04-01
2024-03-31
05857215
bus:RegisteredOffice
2023-04-01
2024-03-31
05857215
bus:LeadAgentIfApplicable
2023-04-01
2024-03-31
05857215
bus:Director1
2023-04-01
2024-03-31
05857215
bus:CompanySecretary1
2023-04-01
2024-03-31
05857215
core:PlantMachinery
2023-03-31
05857215
core:FurnitureFittingsToolsEquipment
2023-03-31
05857215
core:MotorVehicles
2023-03-31
05857215
core:PlantMachinery
2024-03-31
05857215
core:FurnitureFittingsToolsEquipment
2024-03-31
05857215
core:MotorVehicles
2024-03-31
05857215
core:WithinOneYear
2024-03-31
05857215
core:WithinOneYear
2023-03-31
05857215
core:AfterOneYear
2024-03-31
05857215
core:AfterOneYear
2023-03-31
05857215
core:ShareCapital
2024-03-31
05857215
core:ShareCapital
2023-03-31
05857215
core:RetainedEarningsAccumulatedLosses
2024-03-31
05857215
core:RetainedEarningsAccumulatedLosses
2023-03-31
05857215
core:PlantMachinery
2023-04-01
2024-03-31
05857215
core:CostValuation
core:Non-currentFinancialInstruments
2024-03-31
05857215
core:Non-currentFinancialInstruments
2024-03-31
05857215
core:Non-currentFinancialInstruments
2023-03-31
05857215
core:PlantMachinery
2023-03-31
05857215
core:FurnitureFittingsToolsEquipment
2023-03-31
05857215
core:MotorVehicles
2023-03-31
05857215
bus:Director1
2023-03-31
05857215
bus:Director1
2024-03-31
05857215
bus:Director1
2022-03-31
05857215
bus:Director1
2023-03-31
05857215
bus:Director1
2022-04-01
2023-03-31
05857215
bus:SmallEntities
2023-04-01
2024-03-31
05857215
bus:AuditExemptWithAccountantsReport
2023-04-01
2024-03-31
05857215
bus:SmallCompaniesRegimeForAccounts
2023-04-01
2024-03-31
05857215
bus:PrivateLimitedCompanyLtd
2023-04-01
2024-03-31
05857215
bus:FullAccounts
2023-04-01
2024-03-31
05857215
core:OtherVehicles
2023-03-31
05857215
core:OtherVehicles
2024-03-31
05857215
core:OtherVehicles
2023-04-01
2024-03-31
Company registration number:
05857215
P Allen Services Limited
Unaudited filleted financial statements
31 March 2024
P Allen Services Limited
Contents
Directors and other information
Accountants report
Statement of financial position
Notes to the financial statements
P Allen Services Limited
Directors and other information
|
|
|
|
Director |
Mr P Allen |
|
|
|
|
|
|
|
Secretary |
Mrs J M Allen |
|
|
|
|
|
|
|
Company number |
05857215 |
|
|
|
|
|
|
|
Registered office |
56 High Street |
|
|
Langford |
|
|
Biggleswade |
|
|
Bedfordshire |
|
|
SG18 9RU |
|
|
|
|
|
|
|
Accountants |
Hicks and Company |
|
|
Chartered Accountants |
|
|
First Floor |
|
|
99 Bancroft |
|
|
Hitchin |
|
|
Hertfordshire |
|
|
SG5 1NQ |
|
|
|
P Allen Services Limited
Chartered accountants report to the director on the preparation of the
unaudited statutory financial statements of P Allen Services Limited
Year ended 31 March 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of P Allen Services Limited for the year ended 31 March 2024 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com /en/members/regulations-standards-and-guidance/.
This report is made solely to the director of P Allen Services Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of P Allen Services Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than P Allen Services Limited and its director as a body for our work or for this report.
It is your duty to ensure that P Allen Services Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of P Allen Services Limited. You consider that P Allen Services Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of P Allen Services Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Hicks and Company
Chartered Accountants
First Floor
99 Bancroft
Hitchin
Hertfordshire
SG5 1NQ
25 March 2025
P Allen Services Limited
Statement of financial position
31 March 2024
|
|
|
2024 |
|
|
|
2023 |
|
|
|
|
Note |
£ |
|
£ |
|
£ |
|
£ |
|
|
|
|
|
|
|
|
|
|
Fixed assets |
|
|
|
|
|
|
|
|
|
Tangible assets |
|
5 |
876,074 |
|
|
|
975,666 |
|
|
Investments |
|
6 |
1 |
|
|
|
1 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
|
|
876,075 |
|
|
|
975,667 |
|
|
|
|
|
|
|
|
|
|
Current assets |
|
|
|
|
|
|
|
|
|
Debtors |
|
7 |
254,909 |
|
|
|
261,725 |
|
|
Cash at bank and in hand |
|
|
1 |
|
|
|
1 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
254,910 |
|
|
|
261,726 |
|
|
Creditors: amounts falling due |
|
|
|
|
|
|
|
|
|
within one year |
|
8 |
(
977,193) |
|
|
|
(
939,475) |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
Net current liabilities |
|
|
|
|
(
722,283) |
|
|
|
(
677,749) |
|
|
|
|
|
_______ |
|
|
|
_______ |
Total assets less current liabilities |
|
|
|
|
153,792 |
|
|
|
297,918 |
|
|
|
|
|
|
|
|
|
|
Creditors: amounts falling due |
|
|
|
|
|
|
|
|
|
after more than one year |
|
9 |
|
|
(
96,677) |
|
|
|
(
244,013) |
|
|
|
|
|
|
|
|
|
|
Provisions for liabilities |
|
|
|
|
(
54,380) |
|
|
|
(
53,770) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
_______ |
|
|
|
_______ |
Net assets |
|
|
|
|
2,735 |
|
|
|
135 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
|
|
|
|
|
Capital and reserves |
|
|
|
|
|
|
|
|
|
Called up share capital |
|
|
|
|
100 |
|
|
|
100 |
Profit and loss account |
|
|
|
|
2,635 |
|
|
|
35 |
|
|
|
|
|
_______ |
|
|
|
_______ |
Shareholder funds |
|
|
|
|
2,735 |
|
|
|
135 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
|
|
|
|
|
For the 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.
Director's responsibilities:
-
The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
25 March 2025
, and are signed on behalf of the board by:
Mr P Allen
Director
Company registration number:
05857215
P Allen Services Limited
Notes to the financial statements
Year ended 31 March 2024
1.
General information
The company is a private company limited by shares, registered in England & wales. The address of the registered office is 56 High Street, Langford, Biggleswade, Bedfordshire, SG18 9RU.
2.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that 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 that are expected to apply to the reversal of the timing difference.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
|
|
|
|
|
|
Plant and machinery |
- |
25% or 10% reducing balance
|
|
|
Computer equipment |
- |
25 % |
reducing balance |
|
Motor vehicles |
- |
25 % |
reducing balance |
|
Farm Vehicles |
- |
25% or 10% reducing balance
|
|
|
|
|
|
|
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Fixed asset investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.Debt instruments are subsequently measured at amortised cost.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
5
(2023:
8
).
5.
Tangible assets
|
|
Plant and machinery |
Fixtures, fittings and equipment |
Motor vehicles |
Farm vehicles |
Total |
|
|
|
|
£ |
£ |
£ |
£ |
£ |
|
|
|
Cost |
|
|
|
|
|
|
|
|
At 1 April 2023 |
494,791 |
4,258 |
70,558 |
1,029,193 |
1,598,800 |
|
|
|
Additions |
10,272 |
- |
- |
- |
10,272 |
|
|
|
|
_______ |
_______ |
_______ |
_______ |
_______ |
|
|
|
At 31 March 2024 |
505,063 |
4,258 |
70,558 |
1,029,193 |
1,609,072 |
|
|
|
|
_______ |
_______ |
_______ |
_______ |
_______ |
|
|
|
Depreciation |
|
|
|
|
|
|
|
|
At 1 April 2023 |
313,604 |
3,874 |
39,219 |
266,437 |
623,134 |
|
|
|
Charge for the year |
24,689 |
96 |
7,834 |
77,245 |
109,864 |
|
|
|
|
_______ |
_______ |
_______ |
_______ |
_______ |
|
|
|
At 31 March 2024 |
338,293 |
3,970 |
47,053 |
343,682 |
732,998 |
|
|
|
|
_______ |
_______ |
_______ |
_______ |
_______ |
|
|
|
Carrying amount |
|
|
|
|
|
|
|
|
At 31 March 2024 |
166,770 |
288 |
23,505 |
685,511 |
876,074 |
|
|
|
|
_______ |
_______ |
_______ |
_______ |
_______ |
|
|
|
At 31 March 2023 |
181,187 |
384 |
31,339 |
762,756 |
975,666 |
|
|
|
|
_______ |
_______ |
_______ |
_______ |
_______ |
|
|
|
|
|
|
|
|
|
|
|
6.
Investments
|
|
Other investments other than loans |
Total |
|
|
|
|
|
|
£ |
£ |
|
|
|
|
|
Cost |
|
|
|
|
|
|
|
At 1 April 2023 and 31 March 2024 |
1 |
1 |
|
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
Impairment |
|
|
|
|
|
|
|
At 1 April 2023 and 31 March 2024 |
- |
- |
|
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
Carrying amount |
|
|
|
|
|
|
|
At 31 March 2024 |
1 |
1 |
|
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
At 31 March 2023 |
1 |
1 |
|
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
|
|
|
|
|
|
|
7.
Debtors
|
|
|
2024 |
2023 |
|
|
|
£ |
£ |
|
Trade debtors |
|
238,513 |
232,983 |
|
Other debtors |
|
16,396 |
28,742 |
|
|
|
_______ |
_______ |
|
|
|
254,909 |
261,725 |
|
|
|
_______ |
_______ |
|
|
|
|
|
8.
Creditors: amounts falling due within one year
|
|
|
2024 |
2023 |
|
|
|
£ |
£ |
|
Bank loans and overdrafts |
|
107,155 |
104,302 |
|
Trade creditors |
|
650,391 |
590,440 |
|
Social security and other taxes |
|
17,030 |
64,520 |
|
Other creditors |
|
202,617 |
180,213 |
|
|
|
_______ |
_______ |
|
|
|
977,193 |
939,475 |
|
|
|
_______ |
_______ |
|
|
|
|
|
Included in other creditors are obligations under hire purchase agreements of £147,336 (2023 - £162, 341), which are secured by the company on the assets subject to the agreements.
9.
Creditors: amounts falling due after more than one year
|
|
|
2024 |
2023 |
|
|
|
£ |
£ |
|
Other creditors |
|
96,677 |
244,013 |
|
|
|
_______ |
_______ |
|
|
|
|
|
Included in other creditors are obligations under hire purchase agreements of £96,677 (2023 - £244, 013), which are secured by the company on the assets subject to the agreements.
10.
Directors advances, credits and guarantees
|
During the year the director entered into the following advances and credits with the company: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2024 |
|
|
|
|
|
|
|
|
|
Balance brought forward |
Advances /(credits) to the director |
Amounts repaid |
Balance o/standing |
|
|
|
|
£ |
£ |
£ |
£ |
|
|
|
Mr P Allen |
(
13,205) |
(
50,500) |
13,068 |
(
50,637) |
|
|
|
|
_______ |
_______ |
_______ |
_______ |
|
|
|
|
|
|
|
|
|
|
2023 |
|
|
|
|
|
|
|
|
|
Balance brought forward |
Advances /(credits) to the director |
Amounts repaid |
Balance o/standing |
|
|
|
|
£ |
£ |
£ |
£ |
|
|
|
Mr P Allen |
(
23,324) |
(
23,500) |
33,619 |
(
13,205) |
|
|
|
|
_______ |
_______ |
_______ |
_______ |
|
|
|
|
|
|
|
|
|
|
The above existing loan is unsecured, interest free and repayable on demand.