IRIS Accounts Production v25.1.0.734 05144558 Board of Directors 1.11.23 31.10.24 31.10.24 false true false false false true false Ordinary shares 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh051445582023-10-31051445582024-10-31051445582023-11-012024-10-31051445582022-10-31051445582022-11-012023-10-31051445582023-10-3105144558ns15:EnglandWales2023-11-012024-10-3105144558ns14:PoundSterling2023-11-012024-10-3105144558ns10:Director12023-11-012024-10-3105144558ns10:PrivateLimitedCompanyLtd2023-11-012024-10-3105144558ns10:SmallEntities2023-11-012024-10-3105144558ns10:AuditExemptWithAccountantsReport2023-11-012024-10-3105144558ns10:SmallCompaniesRegimeForDirectorsReport2023-11-012024-10-3105144558ns10:SmallCompaniesRegimeForAccounts2023-11-012024-10-3105144558ns10:FullAccounts2023-11-012024-10-310514455812023-11-012024-10-3105144558ns10:OrdinaryShareClass12023-11-012024-10-3105144558ns10:Director22023-11-012024-10-3105144558ns10:CompanySecretary12023-11-012024-10-3105144558ns10:RegisteredOffice2023-11-012024-10-3105144558ns5:CurrentFinancialInstruments2024-10-3105144558ns5:CurrentFinancialInstruments2023-10-3105144558ns5:Non-currentFinancialInstruments2024-10-3105144558ns5:Non-currentFinancialInstruments2023-10-3105144558ns5:ShareCapital2024-10-3105144558ns5:ShareCapital2023-10-3105144558ns5:RetainedEarningsAccumulatedLosses2024-10-3105144558ns5:RetainedEarningsAccumulatedLosses2023-10-3105144558ns5:NetGoodwill2023-11-012024-10-3105144558ns5:NetGoodwill2023-10-3105144558ns5:NetGoodwill2024-10-3105144558ns5:NetGoodwill2023-10-3105144558ns5:LandBuildings2023-10-3105144558ns5:PlantMachinery2023-10-3105144558ns5:MotorVehicles2023-10-3105144558ns5:LandBuildings2023-11-012024-10-3105144558ns5:PlantMachinery2023-11-012024-10-3105144558ns5:MotorVehicles2023-11-012024-10-3105144558ns5:LandBuildings2024-10-3105144558ns5:PlantMachinery2024-10-3105144558ns5:MotorVehicles2024-10-3105144558ns5:LandBuildings2023-10-3105144558ns5:PlantMachinery2023-10-3105144558ns5:MotorVehicles2023-10-3105144558ns5:CostValuation2023-10-3105144558ns5:WithinOneYearns5:CurrentFinancialInstruments2024-10-3105144558ns5:WithinOneYearns5:CurrentFinancialInstruments2023-10-3105144558ns5:CurrentFinancialInstruments2023-11-012024-10-3105144558ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2024-10-3105144558ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2023-10-3105144558ns5:Non-currentFinancialInstruments2023-11-012024-10-3105144558ns10:OrdinaryShareClass12024-10-31
REGISTERED NUMBER: 05144558 (England and Wales)














B Allsop & Sons Limited

Unaudited Financial Statements

for the Year Ended 31 October 2024






B Allsop & Sons Limited (Registered number: 05144558)

Contents of the Financial Statements
for the Year Ended 31 October 2024










Page

Company information 1

Chartered accountants' report 2

Statement of financial position 3

Notes to the financial statements 5


B Allsop & Sons Limited

Company Information
for the Year Ended 31 October 2024







Directors: G J Allsop
L Allsop





Secretary: L Hawker





Registered office: Bank House
Broad Street
Spalding
Lincolnshire
PE11 1TB





Business address: Langar North Trading Estate
Langar
Nottingham
Nottinghamshire
NG13 9HY





Registered number: 05144558 (England and Wales)





Accountants: Moore Thompson
Bank House
Broad Street
Spalding
Lincolnshire
PE11 1TB

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
B Allsop & Sons Limited


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of financial position. Readers are cautioned that the Income statement and certain other primary statements and the Directors' report are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of B Allsop & Sons Limited for the year ended 31 October 2024 which comprise the Statement of income and retained earnings, Statement of financial position and the 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of B Allsop & Sons Limited, as a body, in accordance with the terms of our engagement letter dated 12 April 2019. Our work has been undertaken solely to prepare for your approval the financial statements of B Allsop & Sons Limited and state those matters that we have agreed to state to the Board of Directors of B Allsop & Sons Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than B Allsop & Sons Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that B Allsop & Sons 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 B Allsop & Sons Limited. You consider that B Allsop & Sons 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 B Allsop & Sons 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.






Moore Thompson
Bank House
Broad Street
Spalding
Lincolnshire
PE11 1TB


14 April 2025

B Allsop & Sons Limited (Registered number: 05144558)

Statement of Financial Position
31 October 2024

2024 2023
Notes £    £    £   
Fixed assets
Intangible assets 5 - -
Tangible assets 6 982,524 993,534
Investments 7 7,035 7,035
989,559 1,000,569

Current assets
Stocks 8 72,000 85,000
Debtors 9 212,312 463,351
Cash at bank and in hand 79,432 16,613
363,744 564,964
Creditors
Amounts falling due within one year 10 391,734 418,084
Net current (liabilities)/assets (27,990 ) 146,880
Total assets less current liabilities 961,569 1,147,449

Creditors
Amounts falling due after more than one
year

11

(201,846

)

(344,286

)

Provisions for liabilities (202,686 ) (206,203 )
Net assets 557,037 596,960

Capital and reserves
Called up share capital 12 100 100
Retained earnings 556,937 596,860
Shareholders' funds 557,037 596,960

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.

B Allsop & Sons Limited (Registered number: 05144558)

Statement of Financial Position - 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 Statement of income and retained earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 April 2025 and were signed on its behalf by:





G J Allsop - Director


B Allsop & Sons Limited (Registered number: 05144558)

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


1. Statutory information

B Allsop & Sons 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. Statement of compliance

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.

3. Accounting policies

Basis of preparing the financial statements
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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2005, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property - not depreciated
Plant and machinery - 15% reducing balance
Motor vehicles - 25% reducing balance

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.


B Allsop & Sons Limited (Registered number: 05144558)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024


3. Accounting policies - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

4. Employees and directors

The average number of employees during the year was 19 (2023 - 15 ) .

5. Intangible fixed assets
Goodwill
£   
Cost
At 1 November 2023
and 31 October 2024 110,764
Amortisation
At 1 November 2023
and 31 October 2024 110,764
Net book value
At 31 October 2024 -
At 31 October 2023 -

6. Tangible fixed assets
Freehold Plant and Motor
property machinery vehicles Totals
£    £    £    £   
Cost
At 1 November 2023 137,569 1,377,223 246,065 1,760,857
Additions - 72,414 30,650 103,064
Disposals - (37,876 ) (111,500 ) (149,376 )
At 31 October 2024 137,569 1,411,761 165,215 1,714,545
Depreciation
At 1 November 2023 - 643,154 124,169 767,323
Charge for year - 34,106 5,811 39,917
Eliminated on disposal - (14,966 ) (60,253 ) (75,219 )
At 31 October 2024 - 662,294 69,727 732,021
Net book value
At 31 October 2024 137,569 749,467 95,488 982,524
At 31 October 2023 137,569 734,069 121,896 993,534

B Allsop & Sons Limited (Registered number: 05144558)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024


7. Fixed asset investments
Other
investments
£   
Cost
At 1 November 2023
and 31 October 2024 7,035
Net book value
At 31 October 2024 7,035
At 31 October 2023 7,035

8. Stocks
2024 2023
£    £   
Stocks 72,000 85,000

9. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 22,873 321,550
Other debtors 38,523 21,756
Directors' current accounts 66,885 106,911
Tax 4,150 4,150
Prepayments and accrued income 79,881 8,984
212,312 463,351

10. Creditors: amounts falling due within one year
2024 2023
£    £   
Bank loans and overdrafts 46,680 113,555
Trade creditors 128,988 27,424
Corporation tax 12,855 17,177
Social security and other taxes 6,603 11,246
VAT 61,795 63,552
Other creditors 3,612 2,770
Amount owed to related party 25,906 65,942
Hire purchase liabilities 98,066 109,718
Accruals and deferred income 7,229 6,700
391,734 418,084

Bank overdrafts are secured by fixed and floating charge over the property and undertakings of the company. Hire purchase liabilities are secured by the asset financed.

B Allsop & Sons Limited (Registered number: 05144558)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024


11. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Bank loans 29,287 73,661
Hire purchase liabilities 172,559 270,625
201,846 344,286

Hire purchase liabilities are secured by the asset financed.

12. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary shares £1 100 100

13. Directors' advances, credits and guarantees

At the balance sheet date the company was owed £66,885 (2023 - £106,911) in respect of the directors' loan account. Interest on this loan was charged at 2%.

During the year £100,230 was advanced and £140,256 was repaid.