REGISTERED NUMBER: 10538627 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

R & B ALLMAN ELECTRICAL SERVICES LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R Allman

B Allman

REGISTERED OFFICE:

4 Office Village

Forder Way

Cygnet Park, Hampton

Peterborough

Cambridgeshire

PE7 8GX

REGISTERED NUMBER:

10538627 (England and Wales)

ACCOUNTANTS:

TC CH Limited

4 Office Village

Forder Way

Cygnet Park, Hampton

Peterborough

Cambridgeshire

PE7 8GX

FIXED ASSETS

Tangible assets

4

10,654

15,829

CURRENT ASSETS

Stocks

5

41,394

41,394

Debtors

6

162,248

156,617

Cash at bank and in hand

7,783

25,750

211,425

223,761

CREDITORS

Amounts falling due within one year

7

169,566

133,256

NET CURRENT ASSETS

41,859

90,505

TOTAL ASSETS LESS CURRENT LIABILITIES

52,513

106,334

CREDITORS

Amounts falling due after more than one year

8

(38,311

)

(46,857

)

PROVISIONS FOR LIABILITIES

10

(2,663

)

(3,957

)

NET ASSETS

11,539

55,520

CAPITAL AND RESERVES

Called up share capital

11

20

20

Retained earnings

11,519

55,500

SHAREHOLDERS' FUNDS

11,539

55,520

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 1 October 2025 and were signed on its behalf by:

R Allman - Director

1.	STATUTORY INFORMATION

R & B Allman Electrical Services 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 presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and have also been consistently applied within the same accounts.

Debtors

Short term debtors are initially measured at transaction price less attributable costs and then subsequently measured at amortised costs using EIR. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors

Short term trade creditors are initially measured at transaction price less attributable costs. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Significant judgements and estimates

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

No significant judgements (apart from those involving estimations) have been made by management in the process of applying the entity's accounting policies and preparing these financial statements.

Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. There have been no key assumptions or there sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

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.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

20% on reducing balance

Computer equipment

-

33% on reducing balance

At each balance sheet date assets not carried at fair value are assessed to determine whether there is an indication that the asset may be impaired. If there is such an indication the recoverable amount of the asset is compared to the carrying amount of the asset.

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Financial instruments

The company holds basic financial instruments as defined in FRS102. The financial assets and financial liabilities of the company and their measurement basis are as follows:

Financial assets - trade and other debtors are basic financial instruments and are debt instruments measured at amortised cost. Prepayments are not financial instruments. Cash at bank is classified as a basic financial instrument and is measured at amortised cost.

Financial liabilities - trade creditors, accruals and other creditors and basic financial instruments and are measured at amortised cost. Taxation and social security and not included in the financial instruments disclosure definition.

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

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 November 2023

1,639

155

14,994

2,377

19,165

Reclassification/transfer

-

-

(2,499

)

-

(2,499

)

At 31 October 2024

1,639

155

12,495

2,377

16,666

DEPRECIATION

At 1 November 2023

503

122

1,000

1,711

3,336

Charge for year

284

8

2,332

219

2,843

Reclassification/transfer

-

-

(167

)

-

(167

)

At 31 October 2024

787

130

3,165

1,930

6,012

NET BOOK VALUE

At 31 October 2024

852

25

9,330

447

10,654

At 31 October 2023

1,136

33

13,994

666

15,829

5.

STOCKS

2024

2023

£

£

Work-in-progress

41,394

41,394

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

20,644

21,757

Other Debtor S455

29,551

27,849

Directors' current accounts

112,053

107,011

162,248

156,617

.

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Hire purchase contracts

3,124

3,124

Trade creditors

-

219

Corporation tax

137,668

110,859

Social security and other taxes

13,343

9,146

VAT

14,246

8,723

Accrued expenses

1,185

1,185

169,566

133,256

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans (see note 9)

32,845

38,267

Hire purchase contracts

5,466

8,590

38,311

46,857

9.

LOANS

An analysis of the maturity of loans is given below:

2024

2023

£

£

Amounts falling due between two and five years:

Bank loans - 2-5 years

32,845

38,267

10.	PROVISIONS FOR LIABILITIES

2024

2023

£

£

Deferred tax

2,663

3,957

Deferred

tax

£

Balance at 1 November 2023

3,957

Provided during year

(1,294

)

Balance at 31 October 2024

2,663

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

20

Ordinary

£1

20

20

12.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 October 2024 and 31 October 2023:

2024

2023

£

£

B Allman

Balance outstanding at start of year

(53,505

)

(30,930

)

Amounts advanced

62,830

62,553

Amounts repaid

(65,312

)

(85,128

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(55,987

)

(53,505

)

R Allman

Balance outstanding at start of year

(53,505

)

(30,930

)

Amounts advanced

87,993

62,553

Amounts repaid

(90,553

)

(85,128

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(56,065

)

(53,505

)

Interest has been charged on this loan, the loan is unsecured and repayable on demand.

13.	ULTIMATE CONTROLLING PARTY

The company is controlled jointly by Mr R Allman and Mr B Allman by virtue of their equal shareholding.