Silverfin false false 30/11/2024 01/12/2023 30/11/2024 Mr D Barden 30/09/2008 Mr A C Postle 05/11/2002 Mrs L Postle 12/09/2008 21 August 2025 The principal activity of the Company during the financial year was the design and supply of yacht rigging. 04582290 2024-11-30 04582290 bus:Director1 2024-11-30 04582290 bus:Director2 2024-11-30 04582290 bus:Director3 2024-11-30 04582290 2023-11-30 04582290 core:CurrentFinancialInstruments 2024-11-30 04582290 core:CurrentFinancialInstruments 2023-11-30 04582290 core:ShareCapital 2024-11-30 04582290 core:ShareCapital 2023-11-30 04582290 core:RetainedEarningsAccumulatedLosses 2024-11-30 04582290 core:RetainedEarningsAccumulatedLosses 2023-11-30 04582290 core:ImmediateParent core:CurrentFinancialInstruments 2024-11-30 04582290 core:ImmediateParent core:CurrentFinancialInstruments 2023-11-30 04582290 core:OtherSubsidiariesTotalIndividuallyImmaterialSubsidiaries core:CurrentFinancialInstruments 2024-11-30 04582290 core:OtherSubsidiariesTotalIndividuallyImmaterialSubsidiaries core:CurrentFinancialInstruments 2023-11-30 04582290 bus:OrdinaryShareClass1 2024-11-30 04582290 bus:OrdinaryShareClass2 2024-11-30 04582290 bus:OrdinaryShareClass3 2024-11-30 04582290 2023-12-01 2024-11-30 04582290 bus:FilletedAccounts 2023-12-01 2024-11-30 04582290 bus:SmallEntities 2023-12-01 2024-11-30 04582290 bus:AuditExemptWithAccountantsReport 2023-12-01 2024-11-30 04582290 bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 04582290 bus:Director1 2023-12-01 2024-11-30 04582290 bus:Director2 2023-12-01 2024-11-30 04582290 bus:Director3 2023-12-01 2024-11-30 04582290 2022-12-01 2023-11-30 04582290 bus:OrdinaryShareClass1 2023-12-01 2024-11-30 04582290 bus:OrdinaryShareClass1 2022-12-01 2023-11-30 04582290 bus:OrdinaryShareClass2 2023-12-01 2024-11-30 04582290 bus:OrdinaryShareClass2 2022-12-01 2023-11-30 04582290 bus:OrdinaryShareClass3 2023-12-01 2024-11-30 04582290 bus:OrdinaryShareClass3 2022-12-01 2023-11-30 04582290 1 2023-12-01 2024-11-30 iso4217:GBP xbrli:pure xbrli:shares

Company No: 04582290 (England and Wales)

ALLSPARS LIMITED

Unaudited Financial Statements
For the financial year ended 30 November 2024
Pages for filing with the registrar

ALLSPARS LIMITED

Unaudited Financial Statements

For the financial year ended 30 November 2024

Contents

ALLSPARS LIMITED

BALANCE SHEET

As at 30 November 2024
ALLSPARS LIMITED

BALANCE SHEET (continued)

As at 30 November 2024
Note 2024 2023
£ £
Restated - note 2
Current assets
Stocks 730,000 605,000
Debtors 4 498,696 570,414
Cash at bank and in hand 50,690 45,626
1,279,386 1,221,040
Creditors: amounts falling due within one year 5 ( 618,010) ( 547,094)
Net current assets 661,376 673,946
Total assets less current liabilities 661,376 673,946
Provision for liabilities 391 353
Net assets 661,767 674,299
Capital and reserves
Called-up share capital 6 200 200
Profit and loss account 661,567 674,099
Total shareholder's funds 661,767 674,299

For the financial year ending 30 November 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Allspars Limited (registered number: 04582290) were approved and authorised for issue by the Board of Directors on 21 August 2025. They were signed on its behalf by:

Mrs L Postle
Director
ALLSPARS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 November 2024
ALLSPARS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 November 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Allspars Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is C/O Francis Clark Llp Melville Building East, Royal William Yard, Plymouth, PL1 3RP, United Kingdom. The principal place of business is Tamar Building, Queen Anne's Battery Marina, Plymouth, Devon, PL4 0LP.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Prior year adjustment

An error in the classification of dividend payments in the 2023 accounts and as a result the comparative figures have been re-stated. See note 2 for the impact on the financial statements.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.

Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.

Revenue from services is recognised as they are delivered.

Employee benefits

Defined contribution schemes
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred 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 financial statements. 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 tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Prior year adjustment

An error relating to the treatment of dividend payments in the 2023 accounts has been identified, where these should have been classified as pension contributions. As a result, an adjustment has been made to reduce profit by £45,000 and reduce dividends paid by the same amount.

3. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 27 29

4. Debtors

2024 2023
£ £
Trade debtors 149,281 215,677
Amounts owed by Parent undertakings 0 15,325
Amounts owed by fellow subsidiaries 304,711 312,196
Other debtors 44,704 27,216
498,696 570,414

5. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 109,912 187,673
Amounts owed to Parent undertakings 153,630 0
Taxation and social security 133,072 145,263
Other creditors 221,396 214,158
618,010 547,094

6. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
151 Ordinary A shares of £ 1.00 each 151 151
34 Ordinary B shares of £ 1.00 each 34 34
15 Ordinary C shares of £ 1.00 each 15 15
200 200

7. Financial commitments

Commitments

Capital commitments are as follows:

2024 2023
£ £
Contracted for but not provided for:
Finance leases entered into 0 36,405

8. Ultimate controlling party

Parent Company:

Allspars (Holdings) Limited
C/O Francis Clark Llp Melville Building East, Royal William Yard, Plymouth, PL1 3RP

The ultimate controlling party is the director, Mr A Postle by virtue of his majority shareholding in Allspars (Holdings) Limited.