REGISTERED NUMBER: 00877370 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

ALLENS PRINTERS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

10

DIRECTORS:

J C Mills

Ms S A Jarman

SECRETARY:

Ms Y L Allen

REGISTERED OFFICE:

Fairway House

Links Business Park

St Mellons

Cardiff

CF3 0LT

REGISTERED NUMBER:

00877370 (England and Wales)

ACCOUNTANTS:

Hayvenhursts

Fairway House

Links Business Park

St Mellons

Cardiff

CF3 0LT

FIXED ASSETS

Tangible assets

5

290,257

327,919

CURRENT ASSETS

Stocks

6

72,351

86,518

Debtors

7

273,249

277,254

Cash at bank and in hand

54,798

21,428

400,398

385,200

CREDITORS

Amounts falling due within one year

8

(457,156

)

(446,151

)

NET CURRENT LIABILITIES

(56,758

)

(60,951

)

TOTAL ASSETS LESS CURRENT LIABILITIES

233,499

266,968

CREDITORS

Amounts falling due after more than one year

9

(76,485

)

(82,510

)

PROVISIONS FOR LIABILITIES

13

(67,221

)

(57,984

)

NET ASSETS

89,793

126,474

CAPITAL AND RESERVES

Called up share capital

16,672

16,672

Revaluation reserve

14

9,000

9,000

Retained earnings

64,121

100,802

SHAREHOLDERS' FUNDS

89,793

126,474

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

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 3 June 2025 and were signed on its behalf by:

J C Mills - Director

1.	STATUTORY INFORMATION

Allens Printers 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 Company Information page.

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Significant judgements and estimates

The financial statements are prepared under the going concern basis. The directors believe this is appropriate as they believe that the company has the necessary resources at its disposal to meet its liabilities as they fall due.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Improvements to property

-

50% on cost

Plant and machinery

-

5% on cost

Fixtures and fittings

-

10% on cost

Motor vehicles

-

25% on cost

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 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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2023 - 18 ) .

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

Motor

property

machinery

fittings

vehicles

Totals

£

£

£

£

£

COST

At 1 January 2024

35,948

876,412

98,938

27,380

1,038,678

Additions

-

17,990

1,850

-

19,840

Disposals

-

(14,290

)

-

-

(14,290

)

At 31 December 2024

35,948

880,112

100,788

27,380

1,044,228

DEPRECIATION

At 1 January 2024

35,948

556,136

98,140

20,535

710,759

Charge for year

-

39,631

428

6,845

46,904

Eliminated on disposal

-

(3,692

)

-

-

(3,692

)

At 31 December 2024

35,948

592,075

98,568

27,380

753,971

NET BOOK VALUE

At 31 December 2024

-

288,037

2,220

-

290,257

At 31 December 2023

-

320,276

798

6,845

327,919

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 January 2024

76,416

27,380

103,796

Additions

17,990

-

17,990

Transfer to ownership

(22,890

)

-

(22,890

)

Reclassification/transfer

345,000

-

345,000

At 31 December 2024

416,516

27,380

443,896

DEPRECIATION

At 1 January 2024

8,693

20,535

29,228

Charge for year

20,301

6,845

27,146

Transfer to ownership

(5,436

)

-

(5,436

)

Reclassification/transfer

232,208

-

232,208

At 31 December 2024

255,766

27,380

283,146

NET BOOK VALUE

At 31 December 2024

160,750

-

160,750

At 31 December 2023

67,723

6,845

74,568

6.

STOCKS

2024

2023

£

£

Stocks

72,351

86,518

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

164,325

167,456

Amount due from holding company

99,985

99,985

Prepayments and accrued income

8,939

9,813

273,249

277,254

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts (see note 10)

-

1,513

Other loans (see note 10)

40,000

40,000

Hire purchase contracts (see note 11)

30,058

16,659

Trade creditors

181,183

195,829

Tax

21,564

15,449

Social security and other taxes

29,024

29,612

Other creditors

1,381

6,856

Factoring creditor

123,441

120,473

Directors' current accounts

10,795

795

Accrued expenses

19,710

18,965

457,156

446,151

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Other loans (see note 10)

16,667

56,667

Hire purchase contracts (see note 11)

59,818

25,843

76,485

82,510

10.

LOANS

An analysis of the maturity of loans is given below:

2024

2023

£

£

Amounts falling due within one year or on demand:

Bank overdrafts

-

1,513

Other loans

40,000

40,000

40,000

41,513

Amounts falling due between one and two years:

Other loans - 1-2 years

16,667

40,000

Amounts falling due between two and five years:

Other loans - 2-5 years

-

16,667

11.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2024

2023

£

£

Net obligations repayable:

Within one year

30,058

16,659

Between one and five years

59,818

25,843

89,876

42,502

Non-cancellable

operating leases

2024

2023

£

£

Within one year

71,376

60,128

Between one and five years

91,938

39,568

163,314

99,696

12.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Hire purchase contracts

89,876

42,502

The company has a debenture in place with RBS in respect of its factoring account.

13.	PROVISIONS FOR LIABILITIES

2024

2023

£

£

Deferred tax

67,221

57,984

Deferred

tax

£

Balance at 1 January 2024

57,984

Provided during year

9,237

Balance at 31 December 2024

67,221

14.

RESERVES

Revaluation

reserve

£

At 1 January 2024

and 31 December 2024

9,000

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Allens Printers Limited for the year ended 31 December 2024 which comprise the Income Statement, Balance Sheet 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Allens Printers Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Allens Printers Limited and state those matters that we have agreed to state to the Board of Directors of Allens Printers Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Allens Printers Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Allens Printers 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 profit of Allens Printers Limited. You consider that Allens Printers 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 Allens Printers 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.

Hayvenhursts

Fairway House

Links Business Park

St Mellons

Cardiff

CF3 0LT

3 September 2025