Registration number: 08449329

G J Allis Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 7

G J Allis Limited

Company Information

Directors

G Allis S J Allis

Registered office

Ivy House Furzehill Farm Bilsby Alford Lincolnshire LN13 9QS

G J Allis Limited

(Registration number: 08449329)
Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	635,909	599,233
Current assets
Stocks	5	3,460	3,335
Debtors	6	530,167	204,917
Cash at bank and in hand		11,144	1,480
		544,771	209,732
Creditors: Amounts falling due within one year	7	(436,893)	(209,076)
Net current assets		107,878	656
Total assets less current liabilities		743,787	599,889
Creditors: Amounts falling due after more than one year	7	(110,489)	(101,593)
Provisions for liabilities		(147,100)	(123,070)
Net assets		486,198	375,226
Capital and reserves
Called up share capital	8	100	100
Retained earnings		486,098	375,126
Shareholders' funds		486,198	375,226

For the financial year ending 31 March 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the Company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the Directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 30 December 2025 and signed on its behalf by:
 

......................................... G Allis Director

G J Allis Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1	General information

The Company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Ivy House
Furzehill Farm
Bilsby
Alford
Lincolnshire
LN13 9QS

These financial statements cover the individual entity G J Allis Limited.

These financial statements were authorised for issue by the Board on 30 December 2025.

2	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 have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

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 financial statements have been prepared in sterling and are rounded to the nearest pound.

Going concern

The financial statements have been prepared on a going concern basis.

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.

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.

Tax

The tax expense for the period comprises current and deferred tax.

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.

G J Allis Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. Unrelieved tax losses and other deferred tax assets are recognised 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 balance sheet date that are expected to apply to the reversal of timing differnces. Deferred tax in revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

Tangible assets

Tangible assets are 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
Tractors and combines	10% reducing balance basis
Other implements	15% reducing balance basis
Office equipment	15% reducing balance basis

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 at the transaction price less provision for impairment.

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.

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 at the transaction price.

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.

G J Allis Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

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.

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.

3	Staff numbers

The average number of persons employed by the Company (including Directors) during the year, was 6 (2024 - 5).

4	Tangible assets

	Land and buildings £	Self propelled machinery  £	Other implements  £	Other tangible assets £	Total £
Cost or valuation
At 1 April 2024	79,187	475,200	387,843	1,335	943,565
Additions	-	92,500	65,970	-	158,470
Disposals	-	(65,000)	-	-	(65,000)
At 31 March 2025	79,187	502,700	453,813	1,335	1,037,035
Depreciation
At 1 April 2024	23,757	175,874	143,644	1,057	344,332
Charge for the year	7,919	27,463	47,990	41	83,413
Eliminated on disposal	-	(26,619)	-	-	(26,619)
At 31 March 2025	31,676	176,718	191,634	1,098	401,126
Carrying amount
At 31 March 2025	47,511	325,982	262,179	237	635,909
At 31 March 2024	55,430	299,326	244,199	278	599,233

Included within the net book value of land and buildings above is £47,511 (2024 - £55,430) in respect of freehold land and buildings.
 

5

Stocks

	2025 £	2024 £
Other inventories	3,460	3,335

G J Allis Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

6

Debtors

Current	2025 £	2024 £
Trade debtors	492,260	176,107
Prepayments	335	335
Other debtors	37,572	28,475
	530,167	204,917

7

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Hire purchase contracts	9	72,071	80,751
Trade creditors		221,412	51,235
Taxation and social security		96,632	33,492
Accruals and deferred income		3,038	3,793
Other creditors		43,740	39,805
		436,893	209,076

Creditors include net obligations under hire purchase contracts of £72,071 (2024 - £80,751) which are secured on the assets acquired.

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Hire purchase contracts	9	110,489	101,593

Creditors include net obligations under hire purchase contracts of £110,489 (2024 - £101,593) which are secured on the assets acquired.

G J Allis Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

8	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
A Ordinary shares of £1 each	50	50	50	50
B Ordinary shares of £1 each	50	50	50	50
	100	100	100	100

9	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Hire purchase contracts	110,489	101,593

Current loans and borrowings

	2025 £	2024 £
Hire purchase contracts	72,071	80,751
Other borrowings	33,044	32,044
	105,115	112,795