REGISTERED NUMBER: 02589906 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2025

FOR

ALLSOP & FRANCIS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr T R Bishop

Mr B J Bishop

Mrs J E Musk

SECRETARY:

Mrs J E Musk

REGISTERED OFFICE:

Appledram Barns

Birdham Road

Chichester

West Sussex

PO20 7EQ

REGISTERED NUMBER:

02589906 (England and Wales)

ACCOUNTANTS:

Lewis Brownlee (Chichester) Limited

Chartered Accountants

Appledram Barns

Birdham Road

Chichester

West Sussex

PO20 7EQ

FIXED ASSETS

Intangible assets

4

3,455

-

Tangible assets

5

740,829

819,617

744,284

819,617

CURRENT ASSETS

Stocks

595,413

494,514

Debtors

6

632,511

599,514

Cash and cash equivalents

1,008,241

991,389

2,236,165

2,085,417

CREDITORS

Amounts falling due within one year

7

898,796

766,215

NET CURRENT ASSETS

1,337,369

1,319,202

TOTAL ASSETS LESS CURRENT LIABILITIES

2,081,653

2,138,819

CREDITORS

Amounts falling due after more than one year

8

(347,603

)

(392,233

)

PROVISIONS FOR LIABILITIES

(169,634

)

(142,900

)

NET ASSETS

1,564,416

1,603,686

CAPITAL AND RESERVES

Called up share capital

323

323

Share premium

60

60

Capital redemption reserve

77

77

Retained earnings

1,563,956

1,603,226

SHAREHOLDERS' FUNDS

1,564,416

1,603,686

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2025 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 September 2025 and were signed on its behalf by:

Mr T R Bishop - Director

Mr B J Bishop - Director

1.	STATUTORY INFORMATION

Allsop & Francis Ltd 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.

The presentational currency of the financial statements is Pound Sterling (£) which is rounded to the nearest Pound (£).

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer on dispatch of the goods, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Turnover received relating to maintenance contracts is spread over the effective period covered by those contracts, after a portion of the income has been allocated against the cost of obtaining the contract.

Warranty income

Warranty income is deferred and recognised in turnover over the period of the warranty, on a straight-line basis.

Intangible assets

Intangible assets are initially measured at cost and subsequently measured at cost less accumulated amortisation and impairment losses.

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Computer software

-

20% per annum on cost

Tangible fixed assets

Property, plant and equipment are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold property

-

straight line over 40 year life

Plant and machinery

-

20% per annum on cost

Fixtures, fittings & equipment

-

25% per annum on reducing balance

Motor vehicles

-

25% per annum on reducing balance

Inventories

Inventories are stated at the lower of cost and estimated selling price less costs to complete and sell.

Inventories held for distribution at no or nominal consideration are measured at the lower of replacement cost

and cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of inventories over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Financial instruments

Financial instruments are classified by the directors as basic or advanced following the conditions in FRS 102 section 11. Basic financial instruments are recognised at amortised cost using the effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost. The company has no non-basic financial instruments.

Basic financial assets

Basic financial assets, which include trade and other receivables and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including trade and other payables and loans from fellow group companies, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the statement of financial position as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

Lessor accounting

Rental income from operating leases is recognised on a straight line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight line basis over the lease term.

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.

Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense. The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include deposits held at call with banks.

Change in Accounting policy

During the year, the company reviewed its cost classification policy and reclassified certain costs previously included within overheads as direct costs. This change better reflects the nature and allocation of costs directly attributable to production. The reclassification has no impact on profit for the year but affects the presentation within the cost of sales and administrative expenses.

The prior year has been restated and the effect of this on profit for the year is nil.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 37 (2024 - 36 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

Additions

3,000

Reclassification/transfer

41,220

At 30 April 2025

44,220

AMORTISATION

Charge for year

1,594

Reclassification/transfer

39,171

At 30 April 2025

40,765

NET BOOK VALUE

At 30 April 2025

3,455

5.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

Motor

property

machinery

fittings

vehicles

Totals

£

£

£

£

£

COST

At 1 May 2024

229,828

518,533

121,508

512,749

1,382,618

Additions

-

48,334

11,609

72,532

132,475

Disposals

-

(57,046

)

(9,383

)

(42,417

)

(108,846

)

Reclassification/transfer

-

(41,220

)

-

-

(41,220

)

At 30 April 2025

229,828

468,601

123,734

542,864

1,365,027

DEPRECIATION

At 1 May 2024

47,882

288,763

75,030

151,326

563,001

Charge for year

4,597

81,029

11,733

88,750

186,109

Eliminated on disposal

-

(52,635

)

(7,523

)

(25,583

)

(85,741

)

Reclassification/transfer

-

(39,171

)

-

-

(39,171

)

At 30 April 2025

52,479

277,986

79,240

214,493

624,198

NET BOOK VALUE

At 30 April 2025

177,349

190,615

44,494

328,371

740,829

At 30 April 2024

181,946

229,770

46,478

361,423

819,617

Included within tangible fixed assets are assets held under hire purchase agreements, with a net book value of £77,185 (2024: £99,371). Depreciation of £22,186 (2024: £10,331) has been charged on assets under hire purchase agreements during the period.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

565,598

565,943

Other debtors

66,913

33,571

632,511

599,514

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts

34,620

34,620

Trade creditors

175,091

124,174

Taxation and social security

319,173

197,183

Other creditors

369,912

410,238

898,796

766,215

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts

28,850

63,470

Other creditors

318,753

328,763

347,603

392,233

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Hire purchase contracts

63,470

98,090

Hire purchase liabilities are secured over the assets to which they relate.

There is a debenture in place that includes a fixed and floating charges over the undertaking and all property and assets present and future for the company as a result of its banking arrangements.

10.	OTHER FINANCIAL COMMITMENTS

Lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases of £58,982 (2024: £12,592).

Lessor

At the reporting end date the company had contracted with customers for the following minimum lease payments:

2025

2024

£

£

Within one year

228,425

230,757

Between two and five years

417,065

471,988

In over five years

-

4,006

645,490

706,751

11.	RELATED PARTY DISCLOSURES

During the accounting period advances were made to a shareholder of the parent company totalling £50,000 (2024: £Nil). Repayments of £50,000 (2024: £Nil) were made by the shareholder during the period. Interest on the advances was charged at 6% and the advances were repayable on demand.Total interest charged during the period was £514 (2024: £Nil). No advances remained outstanding at the balance sheet date.

12.	POST BALANCE SHEET EVENTS

Dividends totalling £400,000 have been declared following the balance sheet date.

13.	PARENT COMPANY

The company is a wholly owned subsidiary of Blue Monde Limited, whose registered office is Appledram Barns, Birdham Road, Chichester, West Sussex, United Kingdom, PO20 7EQ.