Registration number:
for the Year Ended
Allneeds Building and Construction Depot Limited
Contents
__________________________________________________________________________
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Company Information |
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Strategic Report |
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Director's Report |
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Statement of Director's Responsibilities |
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Independent Auditor's Report |
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Profit and Loss Account |
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Statement of Comprehensive Income |
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Balance Sheet |
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Statement of Changes in Equity |
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Notes to the Financial Statements |
Allneeds Building and Construction Depot Limited
Company Information
__________________________________________________________________________
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Director |
Mr P Patel |
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Company secretary |
Mrs T Patel |
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Registered office |
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|
Auditors |
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Allneeds Building and Construction Depot Limited
Strategic Report for the Year Ended 31 March 2025
__________________________________________________________________________
The director presents his strategic report for the year ended 31 March 2025.
Principal activity
The principal activity of the company is the wholesale of wood,construction materials, hardware, plumbing and heating equipment and supplies to the building industry and retail suppliers
Fair review of the business
The year under saw the company consolidating its position in the market. The company sold it's Finchley operation and is now concentrating on on it's Welham Green site. This resulted in a slight drop in the gross profit margin, as the Finchley site had more retail sales The director has expended much time and effort to reduce costs. These efforts should see benefits in future years. The Directors' consider the state of the company's results to be satisfactory, in the circumstances.
The company operates in a competitive market and market share fluctuations will always be a risk. The company controls this risk by monitoring the market and continually refreshing its product range accordingly.
The company's key financial and other performance indicators during the year were as follows:
|
Financial KPIs |
Unit |
2025 |
2024 |
|
Turnover |
£ |
13,907,542 |
13,986,656 |
|
Gross profit margin |
% |
14 |
16.7 |
|
Net ptrofit before tax |
£ |
507,266 |
711,517 |
|
Net assets |
£ |
4,952,766 |
4,570,055 |
Principal risks and uncertainties
Any business faces a number or risks and these are reviewed thoroughly and regularly by the Board as part of its ongoing corporate governance procedures. This review considers only the principal risks and uncertainties.
The company's principal financial instruments comprise bank balances, debtors and creditors. The main purpose of these instruments is to finance the company's operations.
Approved by the
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Allneeds Building and Construction Depot Limited
Director's Report for the Year Ended 31 March 2025
__________________________________________________________________________
The director presents his report and the financial statements for the year ended 31 March 2025.
Directors of the company
The director who held office during the year was as follows:
Disclosure of information to the auditors
The director has taken steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditors are aware of that information. The director confirms that there is no relevant information that he knows of and of which he knows the auditors are unaware.
Reappointment of auditors
In accordance with section 485 of the Companies Act 2006, a resolution for the re-appointment of Brooks Green as auditors of the company is to be proposed at the forthcoming Annual General Meeting.
Approved by the
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Allneeds Building and Construction Depot Limited
Statement of Director's Responsibilities
__________________________________________________________________________
Statement of Directors' responsibilities
The director acknowledges his responsibilities for preparing the Annual Report and the financial statements in accordance with applicable law and regulations.
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• |
make judgements and accounting estimates that are reasonable and prudent; |
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• |
state whether applicable United Kingdom Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and |
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• |
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business. |
The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable him to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the director is required to:
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• |
select suitable accounting policies and apply them consistently; |
Allneeds Building and Construction Depot Limited
Independent Auditor's Report to the Members of Allneeds Building and Construction Depot Limited
__________________________________________________________________________
Opinion
We have audited the financial statements of Allneeds Building and Construction Depot Limited (the 'company') for the year ended 31 March 2025, which comprise the Profit and Loss Account, Statement of Comprehensive Income, Balance Sheet, Statement of Changes in Equity, and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements:
• | give a true and fair view of the state of the company's affairs as at 31 March 2025 and of its profit for the year then ended; |
• | have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and |
• | have been prepared in accordance with the requirements of the Companies Act 2006. |
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the original financial statements were authorised for issue.
Our responsibilities and the responsibilities of the director with respect to going concern are described in the relevant sections of this report.
Other information
The director are responsible for the other information. The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
Opinion on other matter prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
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• |
the information given in the Strategic Report and Director's Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and |
Allneeds Building and Construction Depot Limited
Independent Auditor's Report to the Members of Allneeds Building and Construction Depot Limited
__________________________________________________________________________
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• |
the Strategic Report and Director's Report have been prepared in accordance with applicable legal requirements. |
Matters on which we are required to report by exception
In the light of our knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report and the Director's Report.
We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
• | adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or |
• | the financial statements are not in agreement with the accounting records and returns; or |
• | certain disclosures of director's remuneration specified by law are not made; or |
• | we have not received all the information and explanations we require for our audit. |
Responsibilities of the director
As explained more fully in the Statement of Director's Responsibilities [set out on page 4], the director is responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the director determines is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the director is responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the director either intends to liquidate the company or to cease operations, or have no realistic alternative but to do so.
Auditor Responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
Responsibility for the prevention and detection of irregularities, including fraud, resides with the company directors. We planned and conducted our audit to detect material irregularities, including fraud, but the audit cannot be considered a comprehensive assignment for the detection of such irregularities.
Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:
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• |
The engagement partner ensured that the engagement team collectovely had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations |
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• |
We identified the laws and regulations applicable to the company through discussions with the directors and from our commercial knowledge and experience of the sector. |
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• |
We focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the company. |
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We also considered potential fraud drivers, including financial and other pressures, override of controls and personal or corporate motivations. Where the risk was considered to be higher, er performed audit procedures to to address such risks. |
A further description of our responsibilities is available on the Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.
Use of our report
Allneeds Building and Construction Depot Limited
Independent Auditor's Report to the Members of Allneeds Building and Construction Depot Limited
__________________________________________________________________________
This report is made solely to the company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company’s members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company’s members as a body, for our audit work, for this report, or for the opinions we have formed.
......................................
For and on behalf of
342 Regents Park Road
N3 2LJ
Allneeds Building and Construction Depot Limited
Profit and Loss Account for the Year Ended 31 March 2025
__________________________________________________________________________
|
Note |
2025 |
2024 |
||
|
Turnover |
|
|
||
|
Changes in stocks of finished goods and work in progress |
( |
( |
||
|
Raw materials and consumables used |
( |
( |
||
|
Employee benefits expense |
( |
( |
||
|
Depreciation and amortisation expense |
( |
( |
||
|
Other expenses |
( |
( |
||
|
Other gains |
|
|
||
|
Operating profit |
|
|
||
|
Other interest receivable and similar income |
|
|
||
|
Interest payable and similar expenses |
( |
( |
||
|
425,681 |
268,122 |
|||
|
Profit before tax |
|
|
||
|
Tax on profit |
( |
( |
||
|
Profit for the year |
|
|
||
The above results were derived from continuing operations.
The company has no recognised gains or losses for the year other than the results above.
Allneeds Building and Construction Depot Limited
Statement of Comprehensive Income for the Year Ended 31 March 2025
__________________________________________________________________________
|
2025 |
2024 |
|
|
Profit for the year |
|
|
|
Total comprehensive income for the year |
|
|
Allneeds Building and Construction Depot Limited
(Registration number: 07444009)
Balance Sheet as at 31 March 2025
__________________________________________________________________________
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Note |
2025 |
2024 |
||
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Fixed assets |
||||
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Tangible assets |
|
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||
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Current assets |
||||
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Stocks |
|
|
||
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Debtors |
|
|
||
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Cash at bank and in hand |
|
|
||
|
|
|
|||
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Creditors: Amounts falling due within one year |
( |
( |
||
|
Net current assets |
|
|
||
|
Total assets less current liabilities |
|
|
||
|
Creditors: Amounts falling due after more than one year |
( |
- |
||
|
Provisions for liabilities |
( |
( |
||
|
Net assets |
|
|
||
|
Capital and reserves |
||||
|
Called up share capital |
100 |
100 |
||
|
Retained earnings |
4,952,666 |
4,569,954 |
||
|
Shareholders' funds |
4,952,766 |
4,570,054 |
||
Approved and authorised by the
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Allneeds Building and Construction Depot Limited
Statement of Changes in Equity for the Year Ended 31 March 2025
__________________________________________________________________________
|
Share capital |
Retained earnings |
Total |
|
|
At 1 April 2024 |
|
|
|
|
Profit for the year |
- |
|
|
|
At 31 March 2025 |
|
|
|
|
Share capital |
Retained earnings |
Total |
|
|
At 1 April 2023 |
|
|
|
|
Profit for the year |
- |
|
|
|
At 31 March 2024 |
100 |
4,569,954 |
4,570,054 |
Allneeds Building and Construction Depot Limited
Notes to the Financial Statements for the Year Ended 31 March 2025
__________________________________________________________________________
|
General information |
The company is a private company limited by share capital, incorporated in England and wales.
The principal place of business is:
Allneeds House
Unit 4, Travellers Lane
Welham Green
Hertfordshire
AL9 7HF
These financial statements were authorised for issue by the
|
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements were prepared in accordance with Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland and the Companies Act 2006'.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
The accounts are presented in UK pounds and are rounded to the nearest £.
Summary of disclosure exemptions
The company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by the FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":
• the requirements of Section 4 Statement of Financial Position paragraph 4.12(a)(iv);
• the requirements of Section 7 Statement of Cash Flows;
• the requirements of Section 3 Financial Statement Presentation paragraph 3.17(d);
• the requirements of Section 11 Financial Instruments paragraphs 11.41(b), 11.41(c), 11.41(e), 11.41(f), 11.42, 11.44 to 11.45, 11.47, 11.48(a)(iii), 11.48(a)(iv), 11.48(b) and 11.48(c);
• the requirements of Section 12 Other Financial Instruments paragraphs 12.26 to 12.27, 12.29(a), 12.29(b) and 12.29A;
• the requirements of Section 26 Share-based Payment paragraphs 26.18(b), 26.19 to 26,21 and 26.23;
• the requirements of Section 33 Related Party Disclosures paragraph 33.7.
This information is included in the consolidated financial statements of Allneeds Group Limited as at 31 March 2020 and these financial statements may be obtained from Companies House.
.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts and after eliminating sales within the company.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.
Allneeds Building and Construction Depot Limited
Notes to the Financial Statements for the Year Ended 31 March 2025
__________________________________________________________________________
Taxation
The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when 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 and that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets is stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
|
Asset class |
Depreciation method and rate |
|
Land & Buildings |
20% straight line |
|
Plant & Machinery |
25% reducing Balance |
|
Fixtures & Fittings |
15% reducing Balance |
|
Office Equipment |
25% reducing Balance |
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.
Allneeds Building and Construction Depot Limited
Notes to the Financial Statements for the Year Ended 31 March 2025
__________________________________________________________________________
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
Operating leases
Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made 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 lessee.
Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the Balance Sheet as a finance lease obligation.
Lease payments are apportioned between finance costs in the Profit and Loss Account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Dividends
Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.
Allneeds Building and Construction Depot Limited
Notes to the Financial Statements for the Year Ended 31 March 2025
__________________________________________________________________________
Defined contribution pension obligation
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
|
Revenue |
The analysis of the company's Turnover for the year from continuing operations is as follows:
|
2025 |
2024 |
|
|
Sale of goods |
|
|
Allneeds Building and Construction Depot Limited
Notes to the Financial Statements for the Year Ended 31 March 2025
__________________________________________________________________________
|
Operating profit |
Arrived at after charging/(crediting)
|
2025 |
2024 |
|
|
Depreciation expense |
|
|
|
Operating lease expense - plant and machinery |
|
|
|
Loss/(profit) on disposal of property, plant and equipment |
|
( |
|
Other interest receivable and similar income |
|
2025 |
2024 |
|
|
Interest income on bank deposits |
|
|
|
Interest payable and similar expenses |
|
2025 |
2024 |
|
|
Interest on bank overdrafts and borrowings |
|
|
|
Interest expense on other finance liabilities |
|
|
|
|
|
Allneeds Building and Construction Depot Limited
Notes to the Financial Statements for the Year Ended 31 March 2025
__________________________________________________________________________
|
Staff costs |
The aggregate payroll costs (including director's remuneration) were as follows:
|
2025 |
2024 |
|
|
Wages and salaries |
|
|
|
Social security costs |
|
|
|
Pension costs, defined contribution scheme |
|
|
|
Other employee expense |
|
|
|
|
|
The average number of persons employed by the company (including the director) during the year, analysed by category was as follows:
|
2025 |
2024 |
|
|
Administration and support |
|
|
|
Other departments |
|
|
|
|
|
|
Director's remuneration |
The director's remuneration for the year was as follows:
|
2025 |
2024 |
|
|
Remuneration |
|
|
|
Auditors' remuneration |
|
2025 |
2024 |
|
|
Audit of the financial statements |
|
|
Allneeds Building and Construction Depot Limited
Notes to the Financial Statements for the Year Ended 31 March 2025
__________________________________________________________________________
|
Taxation |
Tax charged/(credited) in the profit and loss account
|
2025 |
2024 |
|
|
Current taxation |
||
|
UK corporation tax |
|
|
|
Deferred taxation |
||
|
Arising from origination and reversal of timing differences |
|
- |
|
Tax expense in the income statement |
|
|
The tax on profit before tax for the year is the same as the standard rate of corporation tax in the UK (2024 - the same as the standard rate of corporation tax in the UK) of
The differences are reconciled below:
|
2025 |
2024 |
|
|
Profit before tax |
|
|
|
Corporation tax at standard rate |
|
|
|
Tax (decrease)/increase from effect of capital allowances and depreciation |
( |
|
|
Effect of revenues exempt from taxation |
- |
( |
|
Total tax charge |
|
|
Allneeds Building and Construction Depot Limited
Notes to the Financial Statements for the Year Ended 31 March 2025
__________________________________________________________________________
|
Tangible assets |
|
Freehold land and buildings |
Fixtures and office equipment |
Plant and machinery |
Total |
|
|
Cost or valuation |
||||
|
At 1 April 2024 |
|
|
|
|
|
Additions |
- |
|
|
|
|
Disposals |
- |
( |
( |
( |
|
At 31 March 2025 |
|
|
|
|
|
Depreciation |
||||
|
At 1 April 2024 |
|
|
|
|
|
Charge for the year |
- |
|
|
|
|
Eliminated on disposal |
- |
( |
( |
( |
|
At 31 March 2025 |
|
|
|
|
|
Carrying amount |
||||
|
At 31 March 2025 |
- |
|
|
|
|
At 31 March 2024 |
- |
|
|
|
Allneeds Building and Construction Depot Limited
Notes to the Financial Statements for the Year Ended 31 March 2025
__________________________________________________________________________
Assets held under finance leases and hire purchase contracts
The net carrying amount of tangible assets includes the following amounts in respect of assets held under finance leases and hire purchase contracts:
|
2025 |
2024 |
|
|
Equipment |
387,603 |
- |
|
Stocks |
|
2025 |
2024 |
|
|
Other inventories |
|
|
|
Debtors |
|
Current |
Note |
2025 |
2024 |
|
Trade debtors |
|
|
|
|
Amounts owed by related parties |
|
|
|
|
Other debtors |
|
|
|
|
Prepayments |
|
|
|
|
|
|
|
Creditors |
|
Note |
2025 |
2024 |
|
|
Due within one year |
|||
|
Loans and borrowings |
|
|
|
|
Trade creditors |
|
|
|
|
Amounts due to related parties |
- |
|
|
|
Social security and other taxes |
|
|
|
|
Other payables |
|
|
|
|
Accruals and deferred income |
|
|
|
|
Corporation tax |
48,843 |
127,265 |
|
|
|
|
||
|
Due after one year |
|||
|
HP and finance lease liability 1 (1-2 yrs) |
|
- |
Borrowings are in the form of invoice discounting, which is secured over debtor.
Hire purchase liabilities are secured by a charge over the relevant assets.
Allneeds Building and Construction Depot Limited
Notes to the Financial Statements for the Year Ended 31 March 2025
__________________________________________________________________________
|
Provisions for liabilities |
|
Deferred tax |
Total |
|
|
At 1 April 2024 |
|
|
|
At 31 March 2025 |
|
|
|
Out of balance to Provisions categories |
(75,734) |
(75,734) |
|
|
||
|
Share capital |
Allotted, called up and fully paid shares
|
2025 |
2024 |
|||
|
No. |
£ |
No. |
£ |
|
|
Ordinary A Shares of £1 each |
100 |
100 |
100 |
100 |
|
Obligations under leases and hire purchase contracts |
Finance leases
The total of future minimum lease payments is as follows:
|
2025 |
2024 |
|
|
Not later than one year |
|
- |
|
Later than one year and not later than five years |
|
- |
|
Later than five years |
|
- |
|
|
- |
|
Pension and other schemes |
Defined contribution pension scheme
The company operates a defined contribution pension scheme. The pension cost charge for the year represents contributions payable by the company to the scheme and amounted to £
|
Related party transactions |
The Company has taken advantage of section 33 of FRS 102, not to disclose details of transactions between entities that are part of the group, where the financial statements are publicly available and 100% voting’s rights are controlled within the group.
Summary of transactions with other related parties
Allneeds Building and Construction Depot Limited
Notes to the Financial Statements for the Year Ended 31 March 2025
__________________________________________________________________________
|
Parent and ultimate parent undertaking |
The company's immediate parent is