Allgroup LLP

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: OC349495

		31 December 2024		30 June 2023
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		-		611,906
Tangible Assets	5		-		1,677,102

			-		2,289,008
CURRENT ASSETS
Stocks	6	-		3,805,704
Debtors	7	-		9,994,095
Cash at bank and in hand		-		2,805,283

		-		16,605,082
Creditors: Amounts Falling Due Within One Year	8	-		(3,935,643 )

NET CURRENT ASSETS (LIABILITIES)			-		12,669,439

TOTAL ASSETS LESS CURRENT LIABILITIES			-		14,958,447

Creditors: Amounts Falling Due After More Than One Year	9		-		(198,869 )

NET ASSETS ATTRIBUTABLE TO MEMBERS			-		14,759,578

REPRESENTED BY:
Loans and other debts due to members within one year
Members' capital classified as a liability		-		5,349,470
Other amounts		-		9,311,693

			-		14,661,163

Equity
Members' other interests
Other reserves		-		98,415

			-		98,415

			-		14,759,578

TOTAL MEMBERS' INTEREST
Loans and other debts due to members within one year			-		14,661,163
Members' other interests			-		98,415

			-		14,759,578

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Allgroup LLP

Balance Sheet (continued)

As At 31 December 2024

For the period ending 31 December 2024 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 applicable to LLPs subject to the small LLPs regime.)

The members acknowledge their responsibilities for complying with the requirements of the Act (as applied to LLPs) with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The LLP has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the LLP's Profit and Loss Account.

On behalf of the members

Allpack Limited

Partner

06/10/2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Allgroup LLP is a limited liability partnership, incorporated in England & Wales, registered number OC349495 . The Registered Office is Somerville House, Blakeney Way, Kingswood Lakeside, Cannock, Staffordshire, WS11 8LD.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 for small limited liability partnerships regime - The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), The Statement of Recommended Practice 'Accounting by Limited Liability Partnerships' issued in December 2021 (SORP) and the Companies Act 2006 (as applied to LLPs).

The financial statements are prepared in sterling which is the functional currency of the LLP.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Intangible Fixed Assets and Amortisation - Other Intangible

Other intangible assets are amortised to profit and loss account over its estimated economic life.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	not depreciated
Plant & Machinery	25% reducing balance
Motor Vehicles	25% reducing balance

2.5. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the LLP. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.6. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.7. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

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Allgroup LLP

Notes to the Financial Statements (continued)

For the Period 1 July 2023 to 31 December 2024

3. Average Number of Employees

Average number of employees, including members with contracts of employment, during the period was: NIL (2023: 67)

4. Intangible Assets

	Other
	£
Cost
As at 1 July 2023	874,153
Disposals	(874,153 )

As at 31 December 2024	-

Amortisation
As at 1 July 2023	262,247
Disposals	(262,247 )

As at 31 December 2024	-

Net Book Value
As at 31 December 2024	-

As at 1 July 2023	611,906

5. Tangible Assets

	Land & Property
	Freehold	Plant & Machinery	Motor Vehicles	Total
	£	£	£	£
Cost
As at 1 July 2023	950,000	833,776	391,332	2,175,108
Disposals	(950,000 )	(833,776 )	(391,332 )	(2,175,108 )

As at 31 December 2024	-	-	-	-

Depreciation
As at 1 July 2023	-	288,711	209,295	498,006
Disposals	-	(288,711 )	(209,295 )	(498,006 )

As at 31 December 2024	-	-	-	-

Net Book Value
As at 31 December 2024	-	-	-	-

As at 1 July 2023	950,000	545,065	182,037	1,677,102

6. Stocks

	31 December 2024	30 June 2023
	£	£
Stock	-	3,805,704

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Allgroup LLP

Notes to the Financial Statements (continued)

For the Period 1 July 2023 to 31 December 2024

7. Debtors

	31 December 2024	30 June 2023
	£	£
Due within one year
Trade debtors	-	6,159,121
Other debtors	-	3,834,974

	-	9,994,095

8. Creditors: Amounts Falling Due Within One Year

	31 December 2024	30 June 2023
	£	£
Net obligations under finance lease and hire purchase contracts	-	116,529
Trade creditors	-	2,471,985
Other creditors	-	816,911
Taxation and social security	-	530,218

	-	3,935,643

9. Creditors: Amounts Falling Due After More Than One Year

	31 December 2024	30 June 2023
	£	£
Net obligations under finance lease and hire purchase contracts	-	198,869

10. Obligations Under Finance Leases and Hire Purchase

	31 December 2024	30 June 2023
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	-	116,529
Later than one year and not later than five years	-	198,869

	-	315,398

	-	315,398

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