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Registration number: 01427982

D. Allen and Son, Butchers Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 October 2024

 

D. Allen and Son, Butchers Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 11

 

D. Allen and Son, Butchers Limited

Company Information

Directors

Mrs L D Stevenson

Mrs M Allen

Mr J Allen

Company secretary

Mrs L D Stevenson

Registered office

Edding Manor
75 Highstock Lane
Gedney Hill, Spalding
Lincs
PE12 0QQ

Accountants

Cannon Williamson
Chartered Certified AccountantsAlbion House
32 Pinchbeck Road
Spalding
Lincolnshire
PE11 1QD

 

D. Allen and Son, Butchers Limited

(Registration number: 01427982)
Balance Sheet as at 31 October 2024

Note

2024
£

2023
£

Fixed Assets

 

Tangible Assets

4

1,653,065

1,648,372

Other financial assets

5

111,621

111,621

 

1,764,686

1,759,993

Current assets

 

Stocks

6

269,500

378,750

Debtors

7

282,343

350,144

Cash at bank and in hand

 

567,639

408,131

 

1,119,482

1,137,025

Creditors: Amounts falling due within one year

8

(219,611)

(247,718)

Net current assets

 

899,871

889,307

Total assets less current liabilities

 

2,664,557

2,649,300

Provisions for liabilities

(84,668)

(83,776)

Net assets

 

2,579,889

2,565,524

Capital and Reserves

 

Called up share capital

9

10

10

Retained Earnings

2,579,879

2,565,514

Shareholders' funds

 

2,579,889

2,565,524

For the financial year ending 31 October 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 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 24 March 2025 and signed on its behalf by:
 

.........................................
Mrs L D Stevenson
Company secretary and director

 

D. Allen and Son, Butchers Limited

(Registration number: 01427982)
Balance Sheet as at 31 October 2024 (continued)

.........................................
Mrs M Allen
Director

.........................................
Mr J Allen
Director

 

D. Allen and Son, Butchers Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 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:
Edding Manor
75 Highstock Lane
Gedney Hill, Spalding
Lincs
PE12 0QQ

These financial statements were authorised for issue by the Board on 24 March 2025.

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.

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.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

D. Allen and Son, Butchers Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024 (continued)

2

Accounting policies (continued)

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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 and that are expected to apply to the reversal of the timing difference.

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.

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

Freehold property

2% straight line

Plant and machinery

15% straight line

Fixtures and fittings

33% straight line

Motor vehicles

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 direct input costs accociated with production of the crops unsold at the year end.

 

D. Allen and Son, Butchers Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024 (continued)

2

Accounting policies (continued)

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.

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.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 5 (2023 - 5).

 

D. Allen and Son, Butchers Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024 (continued)

4

Tangible Assets

Land and buildings
£

Fixtures and fittings
£

Motor vehicles
 £

Plant and machinery
£

Total
£

Cost or valuation

At 1 November 2023

1,372,099

26,602

249,482

1,792,911

3,441,094

Additions

-

341

-

138,032

138,373

Disposals

-

-

-

(3,525)

(3,525)

At 31 October 2024

1,372,099

26,943

249,482

1,927,418

3,575,942

Depreciation

At 1 November 2023

164,653

26,602

172,338

1,429,129

1,792,722

Charge for the year

-

65

23,082

107,184

130,331

Eliminated on disposal

-

-

-

(176)

(176)

At 31 October 2024

164,653

26,667

195,420

1,536,137

1,922,877

Carrying amount

At 31 October 2024

1,207,446

276

54,062

391,281

1,653,065

At 31 October 2023

1,207,446

-

77,144

363,782

1,648,372

Included within the net book value of land and buildings above is £1,207,446 (2023 - £1,207,446) in respect of freehold land and buildings.
 

 

D. Allen and Son, Butchers Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024 (continued)

5

Other financial assets (current and non-current)

Financial assets at cost less impairment
£

Total
£

Non-current financial assets

Cost or valuation

At 1 November 2023

111,621

111,621

At 31 October 2024

111,621

111,621

Impairment

Carrying amount

At 31 October 2024

111,621

111,621

6

Stocks

2024
£

2023
£

Other inventories

269,500

378,750

7

Debtors

Current

2024
£

2023
£

Trade Debtors

104,839

149,708

Prepayments

13,138

12,648

Other debtors

164,366

187,788

 

282,343

350,144

 

D. Allen and Son, Butchers Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024 (continued)

8

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade Creditors

47,714

74,563

Taxation and social security

41,405

64,795

Accruals and deferred income

4,530

4,310

Other creditors

125,962

104,050

219,611

247,718

9

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

10

10

10

10

       

10

Related party transactions

 

D. Allen and Son, Butchers Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024 (continued)

10

Related party transactions (continued)

Transactions with directors

2024

At 1 November 2023
£

Advances to director
£

Repayments by director
£

At 31 October 2024
£

Mr J Allen

Loan

101,510

97,831

(97,326)

102,015

2023

At 1 November 2022
£

Advances to director
£

Repayments by director
£

At 31 October 2023
£

Mr J Allen

Loan

77,342

103,586

(79,418)

101,510

 

D. Allen and Son, Butchers Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024 (continued)

10

Related party transactions (continued)

Directors' remuneration

The directors' remuneration for the year was as follows:

2024
£

2023
£

Remuneration

25,140

27,048