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REGISTERED NUMBER: 00398726 (England and Wales)












FRANK ALLART & COMPANY LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 JANUARY 2024 TO 30 NOVEMBER 2024






FRANK ALLART & COMPANY LIMITED (REGISTERED NUMBER: 00398726)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 JANUARY 2024 TO 30 NOVEMBER 2024




Page

Balance Sheet 1

Notes to the Financial Statements 3


FRANK ALLART & COMPANY LIMITED (REGISTERED NUMBER: 00398726)

BALANCE SHEET
30 NOVEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,596,142 1,775,252

CURRENT ASSETS
Stocks 1,535,098 1,406,184
Debtors 5 890,532 1,141,997
Cash at bank and in hand 279,114 212,360
2,704,744 2,760,541
CREDITORS
Amounts falling due within one year 6 1,318,940 1,225,760
NET CURRENT ASSETS 1,385,804 1,534,781
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,981,946

3,310,033

CREDITORS
Amounts falling due after more than one
year

7

2,490,251

601,433
NET ASSETS 3,491,695 2,708,600

CAPITAL AND RESERVES
Share capital 10 500,000 500,000
Revaluation reserve 1,163,457 469,171
Retained earnings 1,828,238 1,739,429
SHAREHOLDERS' FUNDS 3,491,695 2,708,600

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 November 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.

FRANK ALLART & COMPANY LIMITED (REGISTERED NUMBER: 00398726)

BALANCE SHEET - continued
30 NOVEMBER 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 Income Statement 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:





Mr N J McGrail - Director


FRANK ALLART & COMPANY LIMITED (REGISTERED NUMBER: 00398726)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 JANUARY 2024 TO 30 NOVEMBER 2024

1. STATUTORY INFORMATION

Frank Allart & Company Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 00398726

Registered office: 15-35 Great Tindal Street
Ladywood
Birmingham
B16 8DR

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" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

The company's financial statements are individual entity financial statements.

The company's financial statements are presented in Sterling and all values are rounded to the nearest pound.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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.
Land and buildings - Over the lease term
Plant and machinery etc - 33% on cost, 25% on reducing balance, 20% on reducing balance and 15% on reducing balance

The freehold property purchased during the year at a cost of £2,262,924 is currently in the process of being refurbished before being occupied by the company. Therefore, no depreciation has been charged on the freehold property.

Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method, The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the 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.


FRANK ALLART & COMPANY LIMITED (REGISTERED NUMBER: 00398726)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JANUARY 2024 TO 30 NOVEMBER 2024

2. ACCOUNTING POLICIES - continued
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 period 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Pension costs and other post-retirement benefits
The company operates a defined benefit pension scheme for employees who joined the scheme prior to 1 March 2004. For all other employees the company operates a defined contribution pension scheme. Contributions to defined contribution plans are expensed in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 54 (2023 - 50 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 January 2024 1,131,353 2,900,866 4,032,219
Additions 2,262,924 15,815 2,278,739
Disposals - (4,500 ) (4,500 )
Revaluations 600,000 - 600,000
At 30 November 2024 3,994,277 2,912,181 6,906,458
DEPRECIATION
At 1 January 2024 94,286 2,162,681 2,256,967
Charge for period 16,233 131,402 147,635
Revaluation adjustments (94,286 ) - (94,286 )
At 30 November 2024 16,233 2,294,083 2,310,316
NET BOOK VALUE
At 30 November 2024 3,978,044 618,098 4,596,142
At 31 December 2023 1,037,067 738,185 1,775,252

Included in cost or valuation of land and buildings is freehold land of £ 31,353 (2023 - £ 31,353 ) which is not depreciated.

FRANK ALLART & COMPANY LIMITED (REGISTERED NUMBER: 00398726)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JANUARY 2024 TO 30 NOVEMBER 2024

4. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 30 November 2024 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2014 328,128 - 328,128
Valuation in 2024 600,000 - 600,000
Cost 3,066,149 2,912,181 5,978,330
3,994,277 2,912,181 6,906,458

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

2024 2023
£    £   
Cost 771,872 771,872
Aggregate depreciation 178,816 172,638

Value of land in freehold land and buildings 31,353 31,353

Leasehold land and buildings were valued on an open market basis on 22 February 2024 by Harrislamb, Property Consultants .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 722,686 774,178
Amounts owed by group undertakings - 252,971
Other debtors 167,846 114,848
890,532 1,141,997

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 8) 382,791 379,361
Finance leases 38,462 38,462
Trade creditors 408,774 485,103
Amounts owed to group undertakings 128,186 -
Taxation and social security 176,282 127,482
Other creditors 184,445 195,352
1,318,940 1,225,760

FRANK ALLART & COMPANY LIMITED (REGISTERED NUMBER: 00398726)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JANUARY 2024 TO 30 NOVEMBER 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans (see note 8) 2,387,686 463,612
Finance leases 102,565 137,821
2,490,251 601,433

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 1,528,033 -

8. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 335,503 338,835
Bank loans 47,288 40,526
382,791 379,361

Amounts falling due between one and two years:
Bank loans - 1-2 years 642,188 -

Amounts falling due between two and five years:
Bank loans - 2-5 years 217,465 463,612

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 1,528,033 -

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 2,434,974 504,138
Finance leases 141,027 176,283
2,576,001 680,421

The bank loans are secured by a legal charge over the freehold property, leasehold property, a fixed charge over book and other debts and a fixed floating charge over all assets and undertakings both present and future. Finance leases are secured upon the assets to which they relate.

FRANK ALLART & COMPANY LIMITED (REGISTERED NUMBER: 00398726)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JANUARY 2024 TO 30 NOVEMBER 2024

10. SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
500,000 Ordinary £1 500,000 500,000

11. CONTINGENT LIABILITIES

The bank holds a composite unlimited multi-lateral guarantee given by Nicanjo Holdings Limited.

12. CONTROLLING PARTY

The company is under the ultimate control of the Board of Directors of Nicanjo Holdings Limited.

13. FINAL SALARY PENSION SCHEME COMMITMENTS

The assets of the final salary pension scheme are held separately from those of the company in and independently administered fund. The pension cost represents contributions payable by the company to the fund and amounted to £111,694 (2023: £123,754).