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REGISTERED NUMBER: 03232058 (England and Wales)










Group Strategic Report,

Report of the Directors and

Consolidated Financial Statements

for the Year Ended 31 December 2024

for

Allied International Trading Limited

Allied International Trading Limited (Registered number: 03232058)






Contents of the Consolidated Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Group Strategic Report 2

Report of the Directors 4

Report of the Independent Auditors 6

Consolidated Income Statement 9

Consolidated Other Comprehensive Income 10

Consolidated Balance Sheet 11

Company Balance Sheet 12

Consolidated Statement of Changes in Equity 13

Company Statement of Changes in Equity 14

Consolidated Cash Flow Statement 15

Notes to the Consolidated Cash Flow Statement 16

Notes to the Consolidated Financial Statements 17


Allied International Trading Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: P Akhtar
Mrs S Akhtar
Mrs R J Pervez



SECRETARY: Mrs S Akhtar



REGISTERED OFFICE: Unit 3, Rabone Lane
Rabone Park
Smethwick
B66 2NN



REGISTERED NUMBER: 03232058 (England and Wales)



AUDITORS: Alderton Accountancy Limited, Statutory Auditor
Chartered Certified Accountants
Registered Auditors
962 Eastern Avenue
Newbury Park
Ilford
Essex
IG2 7JD



BANKERS: Barclays Bank PLC
1 Churchill Place
London
E14 5HP

Allied International Trading Limited (Registered number: 03232058)

Group Strategic Report
for the Year Ended 31 December 2024


BUSINESS REVIEW
Principal activities of the company in the year remain same that of developing, marketing, and distributing disposable and industrial gloves, workwear garments, footwear, and personal protective equipment (PPE).

Through strong relationships with manufacturers and distributors, the company has established itself as a reliable supplier in the market. Its commitment to maintaining high levels of customer service, coupled with a broad product range, allows the company to meet the evolving demands of its clients.

For the year ending 31 December 2024, the company's revenue experienced a slight decline compared to the previous year. This reduction was primarily driven by heightened price competition, exacerbated by rising freight costs from the Far East. In response, the Directors made a strategic decision to shift their focus from revenue growth to enhancing gross profit. This approach aligns with their long-term goal of ensuring the business's stability and sustainability.

To better serve the Irish market, Supertouch Ireland Ltd was established in 2021. The subsidiary continues to show steady growth, contributing positively to the group's overall performance and expanding our reach within this key region.

The Directors are focused on three key performance indicators: revenue, profit before tax and shareholder’s funds. A summary of these indicators is given in the table below:

2024 2023
£ £
Turnover 20,239,439 20,328,906
Profit before tax 658,142 1,207,954
Shareholder's fund 23,536,035 23,106,521

The company also continued to make charitable donations to Balqees Welfare Foundation, a charity setup by Mr. & Mrs. Akhtar for the public benefit and most vulnerable people in Pakistan.

BUSINESS RISK
The company’s operations expose it to financial risk in currency fluctuations, raw material price, competition and customer defaults.

Currency and raw material price fluctuations
The company imports and pay for all its purchases in US dollars. It manages its currency exposure to fluctuation through a combination of foreign currency hedging and monitoring the spot US dollar exchange rate. Raw material price fluctuation is mitigated through negotiating long term contracts, actively working with suppliers and managing stock better through a just-in-time stock forecasting and ordering system.

Competition
The company seeks to manage this risk by expanding its product range, enhancing the skills and capabilities of its workforce and maintaining a high standard of customer service. These efforts are aimed at meeting existing customer expectations and securing new business opportunities in a challenging market environment.

Customer default
The company operates a proactive credit control system and purchases credit insurance for all major debtors.
All new customers are credit checked and assigned credit limits which are continuously monitored.

They payment terms are strictly adhered to and any customer in default of trading terms is actively pursued
for settlement. By adopting this policy the company hopes to minimise its bad debts.

Allied International Trading Limited (Registered number: 03232058)

Group Strategic Report
for the Year Ended 31 December 2024


RESEARCH AND DEVELOPMENT
The company is committed to an ongoing process of research and development (R&D). This commitment
encompasses exploring sustainable materials, identifying emerging market sectors and consistently developing and launching high-quality products. The introduction of new product ranges and the rigorous compliance of existing products with industry standards are key drivers of this research and development effort. Indeed, R&D has played an indispensable role in supporting the company's growth and success thus far.

By investing in research and development, the company remains agile and responsive to changing market dynamics. This proactive approach allows the company to meet evolving customer needs and expectations. Additionally, the company's dedication to maintaining and elevating product quality through R&D ensures customer satisfaction and trust.

FUTURE DEVELOPMENTS
The company's directors are steadfast in their commitment to the current strategy, which revolves around
investing in new product ranges and expanding the workforce. This strategy has consistently yielded growth
and profitability over the years, demonstrating its effectiveness and aligning with the company's long-term
goals for expansion and success.

The company is actively seeking ways to reduce its environmental footprint. This involves initiatives such as
reducing energy consumption, minimizing waste and exploring eco-friendly alternatives in materials.

Furthermore, the company places a strong emphasis on the health, safety and well-being of its employees.This commitment extends beyond the workplace to encompass comprehensive safety protocols, regular training and sustainability initiatives. The directors are actively working to ensure that this focus on safety and sustainability remains a top priority in the years to come, recognising the importance of responsible corporate citizenship and its positive impact on both the workforce and the planet.

ON BEHALF OF THE BOARD:





P Akhtar - Director


5 August 2025

Allied International Trading Limited (Registered number: 03232058)

Report of the Directors
for the Year Ended 31 December 2024

The directors present their report with the financial statements of the company and the group for the year ended 31 December 2024.

DIVIDENDS
An interim dividend of £90,000 (2023: £219,300) was paid.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 January 2024 to the date of this report.

P Akhtar
Mrs S Akhtar
Mrs R J Pervez

CHARITABLE DONATIONS
Charitable donations during the year amounted to £1,287,358 (2023: £1,238,950). The directors of the
company have a vision to support charities for the public benefit and for the relief of those in need. The
donations have been made to Balqees Welfare Foundation to help those in need by reason of youth, age,
ill-health, disability, financial hardship or any other disadvantage in Pakistan. The directors envision to
continue to support such charities in the future also.

STATEMENT OF DIRECTORS' RESPONSIBILITIES
The directors are responsible for preparing the Strategic Report, Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the
directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

- select suitable accounting policies and then apply them consistently;
- make judgements and accounting estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the group's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the group's auditors are aware of that information.

Allied International Trading Limited (Registered number: 03232058)

Report of the Directors
for the Year Ended 31 December 2024


AUDITORS
The auditors, Jamil Raja of Alderton Accountancy Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:





P Akhtar - Director


5 August 2025

Report of the Independent Auditors to the Members of
Allied International Trading Limited

Opinion
We have audited the financial statements of Allied International Trading Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 31 December 2024 which comprise the Consolidated Income Statement, Consolidated Other Comprehensive Income, Consolidated Balance Sheet, Company Balance Sheet, Consolidated Statement of Changes in Equity, Company Statement of Changes in Equity, Consolidated Cash Flow Statement and Notes to the Consolidated Cash Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:
-give a true and fair view of the state of the group's and of the parent company affairs as at 31 December 2024 and of the group's profit for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and the parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information
The directors are responsible for the other information. The other information comprises the information in the Group Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Group Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Group Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Report of the Independent Auditors to the Members of
Allied International Trading Limited


Matters on which we are required to report by exception
In the light of the knowledge and understanding of the group and the parent company and its environment obtained in the course of the audit, we have not identified material misstatements in the Group Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or
- the parent company financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of directors' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.

Responsibilities of directors
As explained more fully in the Statement of Directors' Responsibilities set out on page four, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the group's and the parent company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the group or the parent company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Irregularities, including fraud, are instances of non-compliance with law and regulations. We design
procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of
irregularities, including fraud.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Report of the Independent Auditors to the Members of
Allied International Trading Limited


Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.




Jamil Raja (Senior Statutory Auditor)
for and on behalf of Alderton Accountancy Limited, Statutory Auditor
Chartered Certified Accountants
Registered Auditors
962 Eastern Avenue
Newbury Park
Ilford
Essex
IG2 7JD

5 August 2025

Allied International Trading Limited (Registered number: 03232058)

Consolidated
Income Statement
for the Year Ended 31 December 2024

2024 2023
Notes £    £    £   

TURNOVER 20,239,439 20,328,906

Cost of sales 13,842,266 13,889,990
GROSS PROFIT 6,397,173 6,438,916

Distribution costs 887,040 848,039
Administrative expenses 5,197,698 4,754,164
6,084,738 5,602,203
312,435 836,713

Other operating income 324,588 372,219
OPERATING PROFIT 4 637,023 1,208,932

Interest receivable and similar income 24,230 16,589
661,253 1,225,521

Interest payable and similar expenses 5 3,111 17,567
PROFIT BEFORE TAXATION 658,142 1,207,954

Tax on profit 6 138,628 198,732
PROFIT FOR THE FINANCIAL YEAR 519,514 1,009,222
Profit attributable to:
Owners of the parent 519,514 1,009,222

Allied International Trading Limited (Registered number: 03232058)

Consolidated
Other Comprehensive Income
for the Year Ended 31 December 2024

2024 2023
Notes £    £   

PROFIT FOR THE YEAR 519,514 1,009,222


OTHER COMPREHENSIVE INCOME - -
TOTAL COMPREHENSIVE INCOME
FOR THE YEAR

519,514

1,009,222

Total comprehensive income attributable to:
Owners of the parent 519,514 1,009,222

Allied International Trading Limited (Registered number: 03232058)

Consolidated Balance Sheet
31 December 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 9 5,329,034 5,462,893
Investments 10 - -
Investment property 11 6,131,915 6,110,220
11,460,949 11,573,113

CURRENT ASSETS
Stocks 12 2,689,699 3,265,037
Debtors 13 6,376,943 6,187,907
Cash at bank and in hand 6,020,943 5,900,765
15,087,585 15,353,709
CREDITORS
Amounts falling due within one year 14 2,148,612 2,965,385
NET CURRENT ASSETS 12,938,973 12,388,324
TOTAL ASSETS LESS CURRENT
LIABILITIES

24,399,922

23,961,437

PROVISIONS FOR LIABILITIES 18 863,887 854,916
NET ASSETS 23,536,035 23,106,521

CAPITAL AND RESERVES
Called up share capital 19 450,000 450,000
Revaluation reserve 20 5,013,427 5,013,427
Other reserves 20 1,092,722 1,092,722
Retained earnings 20 16,979,886 16,550,372
SHAREHOLDERS' FUNDS 23,536,035 23,106,521

The financial statements were approved by the Board of Directors and authorised for issue on 5 August 2025 and were signed on its behalf by:





P Akhtar - Director


Allied International Trading Limited (Registered number: 03232058)

Company Balance Sheet
31 December 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 9 5,329,034 5,462,893
Investments 10 112 112
Investment property 11 6,131,915 6,110,220
11,461,061 11,573,225

CURRENT ASSETS
Stocks 12 2,689,699 3,265,037
Debtors 13 6,581,135 5,982,229
Cash at bank and in hand 3,443,767 3,510,241
12,714,601 12,757,507
CREDITORS
Amounts falling due within one year 14 2,003,353 2,189,126
NET CURRENT ASSETS 10,711,248 10,568,381
TOTAL ASSETS LESS CURRENT
LIABILITIES

22,172,309

22,141,606

PROVISIONS FOR LIABILITIES 18 863,887 854,916
NET ASSETS 21,308,422 21,286,690

CAPITAL AND RESERVES
Called up share capital 19 450,000 450,000
Revaluation reserve 20 5,013,427 5,013,427
Other reserves 20 1,092,722 1,092,722
Retained earnings 20 14,752,273 14,730,541
SHAREHOLDERS' FUNDS 21,308,422 21,286,690

Company's profit for the financial year 111,732 545,368

The financial statements were approved by the Board of Directors and authorised for issue on 5 August 2025 and were signed on its behalf by:





P Akhtar - Director


Allied International Trading Limited (Registered number: 03232058)

Consolidated Statement of Changes in Equity
for the Year Ended 31 December 2024

Called up
share Retained Revaluation Other Total
capital earnings reserve reserves equity
£    £    £    £    £   
Balance at 1 January 2023 450,000 15,760,450 5,013,427 1,092,722 22,316,599

Changes in equity
Dividends - (219,300 ) - - (219,300 )
Total comprehensive income - 1,009,222 - - 1,009,222
Balance at 31 December 2023 450,000 16,550,372 5,013,427 1,092,722 23,106,521

Changes in equity
Dividends - (90,000 ) - - (90,000 )
Total comprehensive income - 519,514 - - 519,514
Balance at 31 December 2024 450,000 16,979,886 5,013,427 1,092,722 23,536,035

Allied International Trading Limited (Registered number: 03232058)

Company Statement of Changes in Equity
for the Year Ended 31 December 2024

Called up
share Retained Revaluation Other Total
capital earnings reserve reserves equity
£    £    £    £    £   
Balance at 1 January 2023 450,000 14,404,473 5,013,427 1,092,722 20,960,622

Changes in equity
Dividends - (219,300 ) - - (219,300 )
Total comprehensive income - 545,368 - - 545,368
Balance at 31 December 2023 450,000 14,730,541 5,013,427 1,092,722 21,286,690

Changes in equity
Dividends - (90,000 ) - - (90,000 )
Total comprehensive income - 111,732 - - 111,732
Balance at 31 December 2024 450,000 14,752,273 5,013,427 1,092,722 21,308,422

Allied International Trading Limited (Registered number: 03232058)

Consolidated Cash Flow Statement
for the Year Ended 31 December 2024

2024 2023
Notes £    £   
Cash flows from operating activities
Cash generated from operations 1 530,026 2,028,975
Interest paid (3,111 ) (17,567 )
Tax paid (265,380 ) (68,389 )
Net cash from operating activities 261,535 1,943,019

Cash flows from investing activities
Purchase of tangible fixed assets (69,824 ) (8,589 )
Purchase of investment property (21,695 ) (2,775 )
Sale of tangible fixed assets 5,001 4,200
Interest received 24,230 16,589
Net cash from investing activities (62,288 ) 9,425

Cash flows from financing activities
Amount introduced by directors 716 -
Amount withdrawn by directors - (13,000 )
Equity dividends paid (90,000 ) (219,300 )
Net cash from financing activities (89,284 ) (232,300 )

Increase in cash and cash equivalents 109,963 1,720,144
Cash and cash equivalents at
beginning of year

2

5,886,848

4,166,704

Cash and cash equivalents at end of
year

2

5,996,811

5,886,848

Allied International Trading Limited (Registered number: 03232058)

Notes to the Consolidated Cash Flow Statement
for the Year Ended 31 December 2024

1. RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM
OPERATIONS

2024 2023
£    £   
Profit before taxation 658,142 1,207,954
Depreciation charges 201,505 194,458
Profit on disposal of fixed assets (2,823 ) (150 )
Finance costs 3,111 17,567
Finance income (24,230 ) (16,589 )
835,705 1,403,240
Decrease in stocks 575,338 729,611
Increase in trade and other debtors (189,752 ) (607,095 )
(Decrease)/increase in trade and other creditors (691,265 ) 503,219
Cash generated from operations 530,026 2,028,975

2. CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 31 December 2024
31.12.24 1.1.24
£    £   
Cash and cash equivalents 6,020,943 5,900,765
Bank overdrafts (24,132 ) (13,917 )
5,996,811 5,886,848
Year ended 31 December 2023
31.12.23 1.1.23
£    £   
Cash and cash equivalents 5,900,765 4,181,331
Bank overdrafts (13,917 ) (14,627 )
5,886,848 4,166,704


3. ANALYSIS OF CHANGES IN NET FUNDS

At 1.1.24 Cash flow At 31.12.24
£    £    £   
Net cash
Cash at bank and in hand 5,900,765 120,178 6,020,943
Bank overdrafts (13,917 ) (10,215 ) (24,132 )
5,886,848 109,963 5,996,811
Total 5,886,848 109,963 5,996,811

Allied International Trading Limited (Registered number: 03232058)

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

1. STATUTORY INFORMATION

Allied International Trading 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 General 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" and the Companies Act 2006. 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.

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 - 32 and 40 years based on property
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 Consolidated 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.

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

Allied International Trading Limited (Registered number: 03232058)

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

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The group operates a defined contribution pension scheme. Contributions payable to the group's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS
2024 2023
£    £   
Wages and salaries 1,774,999 1,665,562
Social security costs 161,971 156,105
Other pension costs 38,257 34,106
1,975,227 1,855,773

The average number of employees during the year was as follows:
2024 2023

Directors 3 3
Sales 21 21
Administration 12 12
Distribution 18 18
54 54

The average number of employees by undertakings that were proportionately consolidated during the year was 54 (2023 - 54 ) .

2024 2023
£    £   
Directors' remuneration 84,200 84,200
Directors' pension contributions to money purchase schemes 1,192 1,192

4. OPERATING PROFIT

The operating profit is stated after charging/(crediting):

2024 2023
£    £   
Hire of plant and machinery 72,107 71,715
Depreciation - owned assets 201,505 194,458
Profit on disposal of fixed assets (2,823 ) (150 )
Auditors' remuneration 25,000 25,000
Auditors' remuneration for non audit work 1,800 1,840
Foreign exchange differences - 22,863

5. INTEREST PAYABLE AND SIMILAR EXPENSES
2024 2023
£    £   
Bank loan interest 3,071 17,177
Interest on overdue tax 40 390
3,111 17,567

Allied International Trading Limited (Registered number: 03232058)

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

6. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
2024 2023
£    £   
Current tax:
UK corporation tax 129,657 200,098

Deferred tax 8,971 (1,366 )
Tax on profit 138,628 198,732

7. INDIVIDUAL INCOME STATEMENT

As permitted by Section 408 of the Companies Act 2006, the Income Statement of the parent company is not presented as part of these financial statements.


8. DIVIDENDS
2024 2023
£    £   
Ordinary shares of £1.00 each
Interim 90,000 219,300

9. TANGIBLE FIXED ASSETS

Group
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 January 2024 5,650,000 503,921 447,056 29,550 6,630,527
Additions - 58,480 11,344 - 69,824
Disposals - - - (29,550 ) (29,550 )
At 31 December 2024 5,650,000 562,401 458,400 - 6,670,801
DEPRECIATION
At 1 January 2024 305,481 422,661 412,120 27,372 1,167,634
Charge for year 155,000 34,935 11,570 - 201,505
Eliminated on disposal - - - (27,372 ) (27,372 )
At 31 December 2024 460,481 457,596 423,690 - 1,341,767
NET BOOK VALUE
At 31 December 2024 5,189,519 104,805 34,710 - 5,329,034
At 31 December 2023 5,344,519 81,260 34,936 2,178 5,462,893

Allied International Trading Limited (Registered number: 03232058)

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

9. TANGIBLE FIXED ASSETS - continued

Company
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST OR VALUATION
At 1 January 2024 5,650,000 503,921 447,056 29,550 6,630,527
Additions - 58,480 11,344 - 69,824
Disposals - - - (29,550 ) (29,550 )
At 31 December 2024 5,650,000 562,401 458,400 - 6,670,801
DEPRECIATION
At 1 January 2024 305,481 422,661 412,120 27,372 1,167,634
Charge for year 155,000 34,935 11,570 - 201,505
Eliminated on disposal - - - (27,372 ) (27,372 )
At 31 December 2024 460,481 457,596 423,690 - 1,341,767
NET BOOK VALUE
At 31 December 2024 5,189,519 104,805 34,710 - 5,329,034
At 31 December 2023 5,344,519 81,260 34,936 2,178 5,462,893

Included in cost or valuation of land and buildings is freehold land of £ 450,000 (2023 - £ 450,000 ) which is not depreciated.

Cost or valuation at 31 December 2024 is represented by:

Fixtures
Freehold Plant and and
property machinery fittings Totals
£    £    £    £   
Valuation in 2006 1,675,000 - - 1,675,000
Valuation in 2009 (1,356,745 ) - - (1,356,745 )
Valuation in 2016 705,997 - - 705,997
Valuation in 2020 196,740 - - 196,740
Valuation in 2022 1,770,000 - - 1,770,000
Cost 2,659,008 562,401 458,400 3,679,809
5,650,000 562,401 458,400 6,670,801

Allied International Trading Limited (Registered number: 03232058)

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

9. TANGIBLE FIXED ASSETS - continued

Company

If freehold land and buildings had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 2,659,008 2,659,008
Aggregate depreciation 619,841 619,841

Value of land in freehold land and buildings 450,000 450,000

Freehold land and buildings were valued on an open market basis on 31 December 2022 by Anderson Wilde & Harris, RICS .

The Directors are of the opinion that the value of freehold land and buildings is not materially different from their fair value at the date of the statement of financial position.

10. FIXED ASSET INVESTMENTS

Company
Shares in
group
undertaki
£   
COST
At 1 January 2024
and 31 December 2024 112
NET BOOK VALUE
At 31 December 2024 112
At 31 December 2023 112


11. INVESTMENT PROPERTY

Group
Total
£   
FAIR VALUE
At 1 January 2024 6,110,220
Additions 21,695
At 31 December 2024 6,131,915
NET BOOK VALUE
At 31 December 2024 6,131,915
At 31 December 2023 6,110,220

Allied International Trading Limited (Registered number: 03232058)

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

11. INVESTMENT PROPERTY - continued

Company
Total
£   
FAIR VALUE
At 1 January 2024 6,110,220
Additions 21,695
At 31 December 2024 6,131,915
NET BOOK VALUE
At 31 December 2024 6,131,915
At 31 December 2023 6,110,220

The directors are of the opinion that the carrying amount of investment properties reflect their fair value.

12. STOCKS

Group Company
2024 2023 2024 2023
£    £    £    £   
Stocks 2,689,699 3,265,037 2,689,699 3,265,037

13. DEBTORS

Group Company
2024 2023 2024 2023
£    £    £    £   
Amounts falling due within one year:
Trade debtors 3,166,373 2,875,401 2,785,402 2,551,649
Other debtors (311,112 ) 71,309 225,770 189,383
Payment on account for goods 480,003 288,152 480,003 288,152
Directors' current accounts 255 971 255 971
VAT - - 48,281 -
Prepayments 173,418 135,025 173,418 135,025
3,508,937 3,370,858 3,713,129 3,165,180

Amounts falling due after more than one year:
Other debtors 2,868,006 2,817,049 2,868,006 2,817,049

Aggregate amounts 6,376,943 6,187,907 6,581,135 5,982,229

Allied International Trading Limited (Registered number: 03232058)

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

14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group Company
2024 2023 2024 2023
£    £    £    £   
Bank loans and overdrafts (see note 15) 24,132 13,917 24,132 13,917
Trade creditors 740,654 933,197 740,653 734,594
Tax 129,658 265,381 77,826 195,862
Social security and other taxes 56,610 49,434 56,610 49,434
VAT 36,878 256,931 - 65,610
Credit balance on sales ledger 137,851 137,608 137,851 137,608
Accruals and deferred income 86,928 80,530 30,380 80,530
Accrued expenses 935,901 1,228,387 935,901 911,571
2,148,612 2,965,385 2,003,353 2,189,126

15. LOANS

An analysis of the maturity of loans is given below:

Group Company
2024 2023 2024 2023
£    £    £    £   
Amounts falling due within one year or on demand:
Bank overdrafts 24,132 13,917 24,132 13,917

16. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Group
Non-cancellable operating leases
2024 2023
£    £   
Within one year 55,452 55,452
Between one and five years 43,958 58,405
99,410 113,857

Company
Non-cancellable operating leases
2024 2023
£    £   
Within one year 55,452 55,452
Between one and five years 43,958 58,405
99,410 113,857

Allied International Trading Limited (Registered number: 03232058)

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

17. SECURED DEBTS

The following secured debts are included within creditors:

Company
2024 2023
£    £   
Bank overdrafts 24,132 13,917

18. PROVISIONS FOR LIABILITIES

Group Company
2024 2023 2024 2023
£    £    £    £   
Deferred tax
Accelerated capital allowances (12,638 ) (21,609 ) (12,638 ) (21,609 )
Other timing differences 876,525 876,525 876,525 876,525
863,887 854,916 863,887 854,916

Group
Deferred
tax
£   
Balance at 1 January 2024 854,916
Charge to Income Statement during year 8,971
Balance at 31 December 2024 863,887

Company
Deferred
tax
£   
Balance at 1 January 2024 854,916
Provided during year 8,971
Balance at 31 December 2024 863,887

19. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
450,000 Ordinary £1.00 450,000 450,000

Allied International Trading Limited (Registered number: 03232058)

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

20. RESERVES

Group
Retained Revaluation Other
earnings reserve reserves Totals
£    £    £    £   

At 1 January 2024 16,550,372 5,013,427 1,092,722 22,656,521
Profit for the year 519,514 519,514
Dividends (90,000 ) (90,000 )
At 31 December 2024 16,979,886 5,013,427 1,092,722 23,086,035

Company
Retained Revaluation Other
earnings reserve reserves Totals
£    £    £    £   

At 1 January 2024 14,730,541 5,013,427 1,092,722 20,836,690
Profit for the year 111,732 - - 111,732
Dividends (90,000 ) - - (90,000 )
At 31 December 2024 14,752,273 5,013,427 1,092,722 20,858,422