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REGISTERED NUMBER: 01716510 (England and Wales)








FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

ALLIED (TOOLING) LIMITED

ALLIED (TOOLING) LIMITED (REGISTERED NUMBER: 01716510)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ALLIED (TOOLING) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: S M Viney
M J Viney
C W Hacker
C M Gollop
J J Viney



SECRETARY: C M Gollop



REGISTERED OFFICE: 3 Durrant Road
Bournemouth
Dorset
BH2 6NE



REGISTERED NUMBER: 01716510 (England and Wales)



SENIOR STATUTORY
AUDITOR:
Andrew Aidan Clark FCA



AUDITORS: Carter & Coley Limited
Chartered Accountants and Statutory Auditor
3 Durrant Road
Bournemouth
Dorset
BH2 6NE

ALLIED (TOOLING) LIMITED (REGISTERED NUMBER: 01716510)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 41,938 19,302
Tangible assets 5 2,177,251 2,321,350
2,219,189 2,340,652

CURRENT ASSETS
Stocks 6 887,429 933,745
Debtors 7 1,322,449 1,693,064
Cash at bank 40,235 38,530
2,250,113 2,665,339
CREDITORS
Amounts falling due within one year 8 1,962,718 2,388,314
NET CURRENT ASSETS 287,395 277,025
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,506,584

2,617,677

CREDITORS
Amounts falling due after more than one
year

9

(471,266

)

(564,775

)

PROVISIONS FOR LIABILITIES (496,587 ) (550,900 )
NET ASSETS 1,538,731 1,502,002

ALLIED (TOOLING) LIMITED (REGISTERED NUMBER: 01716510)

BALANCE SHEET - continued
31 DECEMBER 2024

2024 2023
Notes £    £    £    £   

CAPITAL AND RESERVES
Called up share capital 20,136 20,136
Fair value reserve 11 205,330 220,933
Retained earnings 11 1,313,265 1,260,933
SHAREHOLDERS' FUNDS 1,538,731 1,502,002

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 1 April 2025 and were signed on its behalf by:





C W Hacker - Director


ALLIED (TOOLING) LIMITED (REGISTERED NUMBER: 01716510)

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


1. STATUTORY INFORMATION

Allied (Tooling) 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents work done on ordinary activities during the period, exclusive of trade discounts and Value Added Tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Computer software is being amortised evenly over its useful life of between 3 and 5 years.

Website is being amortised evenly over the useful life of 5 years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
PCD machinery - at varying rates on cost
Plant and machinery - at varying rates on cost
Fixtures and fittings - at varying rates on cost
Motor vehicles - 25% on cost

Fixed assets are initially recorded at cost.

Due to the specialist nature of the equipment PCD Machinery is included at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Assets leased to customers under contract consist of saw blades and are included in fixed assets and depreciated on a straight line basis over their useful economic life. The useful economic life of a saw blade is determined by the number of sharpens that a blade can withstand to maintain its operating efficiency.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.


ALLIED (TOOLING) LIMITED (REGISTERED NUMBER: 01716510)

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


2. ACCOUNTING POLICIES - continued
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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 55 (2023 - 54 ) .

ALLIED (TOOLING) LIMITED (REGISTERED NUMBER: 01716510)

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


4. INTANGIBLE FIXED ASSETS
Website Computer
Goodwill costs software Totals
£    £    £    £   
COST
At 1 January 2024 24,000 11,500 180,817 216,317
Additions - - 32,680 32,680
At 31 December 2024 24,000 11,500 213,497 248,997
AMORTISATION
At 1 January 2024 24,000 6,108 166,907 197,015
Amortisation for year - 2,300 7,744 10,044
At 31 December 2024 24,000 8,408 174,651 207,059
NET BOOK VALUE
At 31 December 2024 - 3,092 38,846 41,938
At 31 December 2023 - 5,392 13,910 19,302

5. TANGIBLE FIXED ASSETS
Owned
assets
Property PCD leased to
improvements machinery customers
£    £    £   
COST OR VALUATION
At 1 January 2024 166,987 1,597,628 34,093
Additions 1,490 - 117,243
Disposals (1,615 ) - (10,116 )
At 31 December 2024 166,862 1,597,628 141,220
DEPRECIATION
At 1 January 2024 153,654 185,462 9,131
Charge for year 3,154 110,848 37,411
Eliminated on disposal (1,245 ) - (10,116 )
At 31 December 2024 155,563 296,310 36,426
NET BOOK VALUE
At 31 December 2024 11,299 1,301,318 104,794
At 31 December 2023 13,333 1,412,166 24,962

ALLIED (TOOLING) LIMITED (REGISTERED NUMBER: 01716510)

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


5. TANGIBLE FIXED ASSETS - continued

Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST OR VALUATION
At 1 January 2024 2,733,296 193,940 541,575 5,267,519
Additions 30,533 3,325 51,114 203,705
Disposals - - (15,700 ) (27,431 )
At 31 December 2024 2,763,829 197,265 576,989 5,443,793
DEPRECIATION
At 1 January 2024 2,145,992 163,315 288,615 2,946,169
Charge for year 82,923 10,087 95,488 339,911
Eliminated on disposal - - (8,177 ) (19,538 )
At 31 December 2024 2,228,915 173,402 375,926 3,266,542
NET BOOK VALUE
At 31 December 2024 534,914 23,863 201,063 2,177,251
At 31 December 2023 587,304 30,625 252,960 2,321,350

Cost or valuation at 31 December 2024 is represented by:

Owned
assets
Property PCD leased to
improvements machinery customers
£    £    £   
Valuation in 2021 - 225,553 -
Valuation in 2023 - 98,099 -
Cost 166,862 1,273,976 141,220
166,862 1,597,628 141,220

ALLIED (TOOLING) LIMITED (REGISTERED NUMBER: 01716510)

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


5. TANGIBLE FIXED ASSETS - continued

Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
Valuation in 2021 - - - 225,553
Valuation in 2023 - - - 98,099
Cost 2,763,829 197,265 576,989 5,120,141
2,763,829 197,265 576,989 5,443,793

If PCD machinery had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 1,273,976 1,273,976

PCD machinery was valued on an open market basis on 31 December 2024 by the directors .

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
PCD Plant and Motor
machinery machinery vehicles Totals
£    £    £    £   
COST OR VALUATION
At 1 January 2024 387,985 244,428 226,735 859,148
Additions - 29,744 50,159 79,903
Transfer to ownership - - (28,574 ) (28,574 )
Reclassification/transfer - - 56,229 56,229
At 31 December 2024 387,985 274,172 304,549 966,706
DEPRECIATION
At 1 January 2024 60,348 36,664 104,869 201,881
Charge for year 25,863 17,224 68,165 111,252
Transfer to ownership - - (28,574 ) (28,574 )
Reclassification/transfer - - 2,949 2,949
At 31 December 2024 86,211 53,888 147,409 287,508
NET BOOK VALUE
At 31 December 2024 301,774 220,284 157,140 679,198
At 31 December 2023 327,637 207,764 121,866 657,267

ALLIED (TOOLING) LIMITED (REGISTERED NUMBER: 01716510)

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


6. STOCKS
2024 2023
£    £   
Stocks 887,429 933,745

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,136,207 1,510,338
Other debtors 116,536 108,446
Prepayments and accrued income 69,706 74,280
1,322,449 1,693,064

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 138,374 50,000
Hire purchase contracts 366,827 479,131
Trade creditors 527,000 845,231
Corporation tax 311,983 250,934
Social security and other taxes 35,006 41,746
VAT 214,703 222,722
Other creditors 15,757 59,679
Allied (Tooling) Ltd pension fund loan 143,158 126,678
Directors' current accounts 158,997 239,850
Accruals and deferred income 50,913 72,343
1,962,718 2,388,314

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans repayable within
1 and 2 years 20,833 50,000
Bank loans repayable between 2
and 5 years - 20,833
Hire purchase contracts 198,039 292,723
Allied (Tooling) Ltd pension
fund loan 252,394 201,219
471,266 564,775

ALLIED (TOOLING) LIMITED (REGISTERED NUMBER: 01716510)

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


10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank overdraft 88,374 -
Bank loans 70,833 120,833
Hire purchase contracts 564,866 771,854
724,073 892,687

Hire purchase advances are secured on the assets financed by the loan.

The bank borrowing is secured by a fixed and floating charge over the company's assets.

11. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 January 2024 1,260,933 220,933 1,481,866
Profit for the year 763,819 763,819
Dividends (727,090 ) (727,090 )
Transfer 15,603 (15,603 ) -
At 31 December 2024 1,313,265 205,330 1,518,595

The fair value reserve is non-distributable, having arisen on the revaluation of the company's PCD plant and machinery.

12. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Andrew Aidan Clark FCA (Senior Statutory Auditor)
for and on behalf of Carter & Coley Limited

ALLIED (TOOLING) LIMITED (REGISTERED NUMBER: 01716510)

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


13. RELATED PARTY DISCLOSURES

TRANSACTIONS WITH DIRECTORS

Non interest bearing loans on which no terms of repayment have been agreed. The amount due to the related parties at the balance sheet date amounted to £158,997 (2023 - £239,850).

A director has personally guaranteed the pension fund borrowing.

TRANSACTIONS WITH COMPANIES CONTROLLED BY THE DIRECTORS AND THEIR ASSOCIATES.

Non interest bearing loans on which no terms of repayment have been agreed. The amount due from the related parties at the balance sheet date amounted to £106,980 (2023 £106,980).

14. FRC ETHICAL STANDARD - PROVISIONS AVAILABLE FOR SMALL ENTITIES

In common with many other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements. Our auditors also assist us in the preparation of the company's payroll.