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No description of principal activity
2023-11-01
Sage Accounts Production Advanced 2024 - FRS102_2024
120,000
120,000
xbrli:pure
xbrli:shares
iso4217:GBP
04578868
2023-11-01
2024-10-31
04578868
2024-10-31
04578868
2023-10-31
04578868
2022-11-01
2023-10-31
04578868
2023-10-31
04578868
2022-10-31
04578868
core:NetGoodwill
2023-11-01
2024-10-31
04578868
core:LandBuildings
core:ShortLeaseholdAssets
2023-11-01
2024-10-31
04578868
bus:LeadAgentIfApplicable
2023-11-01
2024-10-31
04578868
bus:Director4
2023-11-01
2024-10-31
04578868
core:NetGoodwill
2024-10-31
04578868
core:LandBuildings
core:ShortLeaseholdAssets
2023-10-31
04578868
core:LandBuildings
core:ShortLeaseholdAssets
2024-10-31
04578868
core:WithinOneYear
2024-10-31
04578868
core:WithinOneYear
2023-10-31
04578868
core:ShareCapital
2024-10-31
04578868
core:ShareCapital
2023-10-31
04578868
core:RetainedEarningsAccumulatedLosses
2024-10-31
04578868
core:RetainedEarningsAccumulatedLosses
2023-10-31
04578868
core:MoreThanFiveYears
2024-10-31
04578868
core:MoreThanFiveYears
2023-10-31
04578868
core:LandBuildings
core:ShortLeaseholdAssets
2023-10-31
04578868
bus:Director1
2023-11-01
2024-10-31
04578868
bus:SmallEntities
2023-11-01
2024-10-31
04578868
bus:AuditExemptWithAccountantsReport
2023-11-01
2024-10-31
04578868
bus:SmallCompaniesRegimeForAccounts
2023-11-01
2024-10-31
04578868
bus:PrivateLimitedCompanyLtd
2023-11-01
2024-10-31
04578868
bus:FullAccounts
2023-11-01
2024-10-31
04578868
core:Non-standardPPEClass1ComponentTotalPropertyPlantEquipment
2023-11-01
2024-10-31
04578868
core:Non-standardPPEClass1ComponentTotalPropertyPlantEquipment
2023-10-31
04578868
core:Non-standardPPEClass1ComponentTotalPropertyPlantEquipment
2024-10-31
COMPANY REGISTRATION NUMBER:
04578868
|
Filleted Unaudited Financial Statements |
|
Year ended 31 October 2024
|
Chartered accountants report to the director on the preparation of the unaudited statutory financial statements |
1 |
|
|
|
Statement of financial position |
2 to 3 |
|
|
|
Notes to the financial statements |
4 to 7 |
|
|
|
Chartered Accountants Report to the Director on the Preparation of the Unaudited Statutory Financial Statements of
Allied Snooker Limited |
|
Year ended 31 October 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 Allied Snooker Limited for the year ended 31 October 2024, which comprise the 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 at www.icaew.com/en/membership/regulations-standards-and-guidance. This report is made solely to the director of Allied Snooker Limited in accordance with the terms of our engagement letter dated 2 July 2024. Our work has been undertaken solely to prepare for your approval the financial statements of Allied Snooker Limited and state those matters that we have agreed to state to you in this report in accordance with ICAEW Technical Release 07/16 AAF as detailed at www.icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Allied Snooker Limited and its director for our work or for this report.
It is your duty to ensure that Allied Snooker 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 loss of Allied Snooker Limited. You consider that Allied Snooker 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 Allied Snooker 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.
HEBBLETHWAITES
Chartered Accountants
2 Westbrook Court
Sharrow Vale Road
Sheffield
S11 8YZ
11 July 2025
|
Statement of Financial Position |
|
31 October 2024
Fixed assets
|
Tangible assets |
6 |
21,096 |
17,738 |
|
|
|
|
Current assets
|
Stocks |
500 |
500 |
|
Debtors |
7 |
2,839 |
3,339 |
|
Cash at bank and in hand |
6,436 |
4,044 |
|
------- |
------- |
|
9,775 |
7,883 |
|
|
|
|
|
Creditors: amounts falling due within one year |
8 |
77,396 |
39,636 |
|
-------- |
-------- |
|
Net current liabilities |
67,621 |
31,753 |
|
-------- |
-------- |
|
Total assets less current liabilities |
(
46,525) |
(
14,015) |
|
-------- |
-------- |
|
Net liabilities |
(
46,525) |
(
14,015) |
|
-------- |
-------- |
|
|
|
|
|
Statement of Financial Position (continued) |
|
31 October 2024
Capital and reserves
|
Called up share capital |
12 |
12 |
|
Profit and loss account |
(
46,537) |
(
14,027) |
|
-------- |
-------- |
|
Shareholders deficit |
(
46,525) |
(
14,015) |
|
-------- |
-------- |
|
|
|
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.
For the 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.
Director's responsibilities:
-
The members have 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 his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
These financial statements were approved by the
board of directors
and authorised for issue on
11 July 2025
, and are signed on behalf of the board by:
|
Mr B Higginbottom |
|
|
Director |
|
|
|
Company registration number:
04578868
|
Notes to the Financial Statements |
|
Year ended 31 October 2024
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 960 Gleadless Road, Gleadless, Sheffield, S12 2LL.
2.
Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
At the period end date, the Statement of Financial Position reflects a position of net current, and net total, liabilities. Despite this, the accounts have been prepared on the going concern basis. The director considers that this basis remains valid given, in particular, the financial support provided to the company by reference to the loan monies introduced by the director and which remain in place with no expectation or intention of these funds being withdrawn in the foreseeable future and for the loan monies to remain in place for as long as is required by the company.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Income tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less ) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
|
Goodwill |
- |
10% straight line |
|
|
|
|
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and 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.
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:
|
Fixtures & Fittings |
- |
10% reducing balance |
|
Snooker Equipment |
- |
10% reducing balance |
|
|
|
|
Impairment of fixed assets
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.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
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. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
5
(2023:
5
).
5.
Intangible assets
|
Goodwill |
|
£ |
|
Cost |
|
|
At 1 November 2023 and 31 October 2024 |
120,000 |
|
--------- |
|
Amortisation |
|
|
At 1 November 2023 and 31 October 2024 |
120,000 |
|
--------- |
|
Carrying amount |
|
|
At 31 October 2024 |
– |
|
--------- |
|
At 31 October 2023 |
– |
|
--------- |
|
|
6.
Tangible assets
|
Short leasehold property |
Snooker equipment |
Total |
|
£ |
£ |
£ |
|
Cost |
|
|
|
|
At 1 November 2023 |
29,906 |
19,515 |
49,421 |
|
Additions |
7,415 |
– |
7,415 |
|
-------- |
-------- |
-------- |
|
At 31 October 2024 |
37,321 |
19,515 |
56,836 |
|
-------- |
-------- |
-------- |
|
Depreciation |
|
|
|
|
At 1 November 2023 |
18,675 |
13,008 |
31,683 |
|
Charge for the year |
3,406 |
651 |
4,057 |
|
-------- |
-------- |
-------- |
|
At 31 October 2024 |
22,081 |
13,659 |
35,740 |
|
-------- |
-------- |
-------- |
|
Carrying amount |
|
|
|
|
At 31 October 2024 |
15,240 |
5,856 |
21,096 |
|
-------- |
-------- |
-------- |
|
At 31 October 2023 |
11,231 |
6,507 |
17,738 |
|
-------- |
-------- |
-------- |
|
|
|
|
7.
Debtors
|
2024 |
2023 |
|
£ |
£ |
|
Other debtors |
2,839 |
3,339 |
|
------- |
------- |
|
|
|
8.
Creditors:
amounts falling due within one year
|
2024 |
2023 |
|
£ |
£ |
|
Trade creditors |
5,018 |
3,903 |
|
Social security and other taxes |
1,702 |
311 |
|
Unsecured loan finance |
700 |
1,900 |
|
Other creditors |
69,976 |
33,522 |
|
-------- |
-------- |
|
77,396 |
39,636 |
|
-------- |
-------- |
|
|
|
9.
Operating leases
The total future minimum lease payments under non-cancellable operating leases are as follows:
|
2024 |
2023 |
|
£ |
£ |
|
Later than 5 years |
5,833 |
19,833 |
|
------- |
-------- |
|
|
|
10.
Director's advances, credits and guarantees
A loan account exists as between the company and the director. As a result of funds introduced to the company by the director, the company was indebted to the director, in this regard, in the sum of £31,252 at the start of the year (within other creditors at note 10 above). This increased to £67,604 by the end of the year by virtue of further loans advanced to the company and with the loan carrying no formal terms for repayment and with no interest charge arising.