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Registration number: 08321575

S T Allen and Son Limited

trading as S T Allen and Son

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2024

 

S T Allen and Son Limited

trading as S T Allen and Son

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 7

 

S T Allen and Son Limited

trading as S T Allen and Son

Company Information

Directors

Mr R S Allen

Mrs L G Allen

Mr S E Allen

Registered office

51 St. John Street
Ashbourne
Derbyshire
DE6 1GP

Accountants

Coates and Partners Limited
Chartered Accountants
The Old Vicarage
51 St John Street
Ashbourne
Derbyshire
DE6 1GP

 

S T Allen and Son Limited

trading as S T Allen and Son

(Registration number: 08321575)
Balance Sheet as at 31 December 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

612,417

586,520

Other financial assets

21,256

21,256

 

633,673

607,776

Current assets

 

Stocks

586,395

548,097

Debtors

5

436,402

253,662

Cash at bank and in hand

 

550,789

1,013,194

 

1,573,586

1,814,953

Creditors: Amounts falling due within one year

6

(153,353)

(224,944)

Net current assets

 

1,420,233

1,590,009

Total assets less current liabilities

 

2,053,906

2,197,785

Creditors: Amounts falling due after more than one year

6

(6,715)

(293,466)

Provisions for liabilities

(112,788)

(105,350)

Net assets

 

1,934,403

1,798,969

Capital and reserves

 

Called up share capital

100

100

Retained earnings

1,934,303

1,798,869

Shareholders' funds

 

1,934,403

1,798,969

For the financial year ending 31 December 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.

 

S T Allen and Son Limited

trading as S T Allen and Son

(Registration number: 08321575)
Balance Sheet as at 31 December 2024 (continued)

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland'.

Approved and authorised by the Board on 19 May 2025 and signed on its behalf by:
 

.........................................
Mr S E Allen
Director

   
     
 

S T Allen and Son Limited

trading as S T Allen and Son

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1

General information

The company is a private company limited by share capital incorporated in England and Wales registration number: 08321575.

The address of its registered office is:
51 St. John Street
Ashbourne
Derbyshire
DE6 1GP
England

These financial statements were authorised for issue by the Board on 19 May 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.

The presentation currency is £ sterling.

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.

 

S T Allen and Son Limited

trading as S T Allen and Son

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

2

Accounting policies (continued)

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

Buildings

2% reducing balance basis

Plant and machinery

10% and 25% reducing balance basis

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

Biological assets, living plants and animals are included at the lower of cost and estimated selling price less costs to sell. Cost is determined on a first in first out basis, net realisable value is based on estimated selling price, less any costs which may arise on realisation. Purchased livestock is valued at cost of purchase plus costs of rearing to the valuation date or to maturity, if earlier. Livestock which is homebred, farm reared or acquired some time before maturity and matured on the farm is valued at deemed cost at the following rates: cattle and sheep 60% and 75% of open market value, herds and flocks on herd basis.

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 8 (2023 - 8).

 

S T Allen and Son Limited

trading as S T Allen and Son

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

4

Tangible assets

Land and buildings
£

Plant and machinery
£

Total
£

Cost or valuation

At 1 January 2024

190,052

935,408

1,125,460

Additions

-

96,831

96,831

Disposals

-

(4,000)

(4,000)

At 31 December 2024

190,052

1,028,239

1,218,291

Depreciation

At 1 January 2024

24,933

514,007

538,940

Charge for the year

3,856

65,822

69,678

Eliminated on disposal

-

(2,744)

(2,744)

At 31 December 2024

28,789

577,085

605,874

Carrying amount

At 31 December 2024

161,263

451,154

612,417

At 31 December 2023

165,119

421,401

586,520

Included within the net book value of land and buildings above is £161,263 (2023 - £165,120) in respect of freehold land and buildings.
 

5

Debtors

Current

2024
£

2023
£

Trade debtors

63,346

50,253

Prepayments

61,448

55,700

Other debtors

311,608

147,709

 

436,402

253,662

 

S T Allen and Son Limited

trading as S T Allen and Son

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

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

54,938

57,949

Taxation and social security

81,241

77,688

Accruals and deferred income

14,742

12,983

Other creditors

2,432

76,324

153,353

224,944

Creditors: amounts falling due after more than one year

2024
£

2023
£

Due after one year

Deferred income

6,715

7,461

Other creditors

-

286,005

6,715

293,466

7

Related party transactions

Other transactions with directors

The company operates from premises owned by the directors. For the year ended 31 December 2024 the rent paid to the directors was £4,949 (2023: £6,874).

During the year the directors had the benefit of loans. At the beginning of the year the company owed the directors £358,004. During the year the directors were advanced £670,523 by the company and repaid £157,320. At the year end the balance due from the directors was £155,199. Interest was charged on the loans at the official rate of interest and there were no formal repayment terms. The loans were repaid in full on the 6 April 2025.