Roy Allen (Engineering) Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 01138828

Roy Allen (Engineering) Limited

Unaudited financial statements

31 December 2024

Roy Allen (Engineering) Limited

Statement of financial position

31 December 2024

	2024		2023
Note	£	£	£	£

Fixed assets

Tangible assets	5		738,438		757,858

Current assets

Stocks		23,313	27,580
Debtors	6	783,232	783,749
Cash at bank and in hand		1,378,820	1,291,717
		-----------	-----------
		2,185,365	2,103,046

Creditors: Amounts falling due within one year	7	( 554,479)		( 655,195)
		-----------		-----------
Net current assets			1,630,886		1,447,851
			-----------		-----------
Total assets less current liabilities			2,369,324		2,205,709

Provisions

Taxation including deferred tax	( 83,817)	( 83,843)
	-----------	-----------
Net assets	2,285,507	2,121,866
	-----------	-----------

Capital and reserves

Called up share capital	1,850	1,850
Revaluation reserve	159,266	159,266
Capital redemption reserve	650	650
Profit and loss account	2,123,741	1,960,100
	-----------	-----------
Shareholders funds	2,285,507	2,121,866
	-----------	-----------

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 comprehensive income has not been delivered.

For the 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 financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Roy Allen (Engineering) Limited

Statement of financial position (continued)

31 December 2024

These financial statements were approved by the board of directors and authorised for issue on 23 September 2025 , and are signed on behalf of the board by:

P R Allen
Director

Company registration number: 01138828

Roy Allen (Engineering) Limited

Notes to the financial statements

Year ended 31 December 2024

1. General information

The company is a private company limited by shares, registered in England and Wales. The registered office and trading address is Fair Green, Diss, Norfolk, IP22 4BG.

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.

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. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer, usually on despatch of the goods, the amount of revenue can be measured reliably, it is probable that the associated economic benefits will flow to the entity, and the costs incurred or to be incurred in respect of the transactions can be measured reliably. In respect of long term contracts for on-going services, turnover represents the value of work done in the year including estimates of amounts not invoiced. Turnover in respect of long-term contracts for on-going services is recognised by reference to the stage of completion. Losses in respect of long term contracts are provided in full when it is probable and it can be reliably measured. A provision for long term contracts is recognised as a liability in the statement of financial position and an expense in the income statement.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Operating leases

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease. Lease income is recognised in profit or loss on a straight line basis over the lease term. Any initial direct costs incurred in negotiating and arranging the operating lease are added to the carrying amount of the lease and recognised as an expense over the lease term on the same basis as the lease income.

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. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

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:

Plant & Machinery	-	15% reducing balance
Motor Vehicles	-	25% reducing balance

Defined contribution plans

The company operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the company. The annual contributions payable are charged to the profit and loss account. The annual contributions are charged to the profit and loss account.

4. Employee numbers

The average number of employees during the year was 26 (2023: 26 ).

5. Tangible assets

	Land and buildings	Plant and machinery	Motor vehicles	Total
	£	£	£	£
Cost
At 1 January 2024	425,000	667,774	343,451	1,436,225
Additions	–	2,640	61,500	64,140
Disposals	–	–	( 16,000)	( 16,000)
	---------	---------	---------	-----------
At 31 December 2024	425,000	670,414	388,951	1,484,365
	---------	---------	---------	-----------
Depreciation
At 1 January 2024	–	498,798	179,569	678,367
Charge for the year	–	25,534	47,382	72,916
Disposals	–	–	( 5,356)	( 5,356)
	---------	---------	---------	-----------
At 31 December 2024	–	524,332	221,595	745,927
	---------	---------	---------	-----------
Carrying amount
At 31 December 2024	425,000	146,082	167,356	738,438
	---------	---------	---------	-----------
At 31 December 2023	425,000	168,976	163,882	757,858
	---------	---------	---------	-----------

Tangible assets held at valuation

The freehold property was revalued in 2024 by the director and considers the value of the land and buildings to be the same as last year.

In respect of tangible assets held at valuation, the aggregate cost, depreciation and comparable carrying amount that would have been recognised if the assets had been carried under the historical cost model are as follows:

	Freehold property
	£
At 31 December 2024
Aggregate cost	256,323
Aggregate depreciation	–
	---------
Carrying value	256,323
	---------

At 31 December 2023
Aggregate cost	256,323
Aggregate depreciation	–
	---------
Carrying value	256,323
	---------

6. Debtors

	2024	2023
	£	£
Trade debtors	617,207	568,874
Other debtors	166,025	214,875
	---------	---------
	783,232	783,749
	---------	---------

7. Creditors: Amounts falling due within one year

	2024	2023
	£	£
Trade creditors	297,624	322,327
Social security and other taxes	102,006	169,388
Other creditors	154,849	163,480
	---------	---------
	554,479	655,195
	---------	---------

8. Operating leases

The total future minimum lease payments under non-cancellable operating leases are as follows:

	2024	2023
	£	£
Not later than 1 year	1,668	1,372
Later than 1 year and not later than 5 years	5,421	–
	------	------
	7,089	1,372
	------	------

9. Directors' advances, credits and guarantees

At the balance sheet date, included within debtors is an amount of £6,053 which is owed to the company by the directors. The loan is interest free.