Allen Brothers (Fittings) Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 00610872 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

FOR

ALLEN BROTHERS (FITTINGS) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Directors:

Mrs E J Adams

Mrs L E Allen

Secretary:

Mrs E J Adams

Registered office:

2-3 Hallmark Industrial Estate

Southminster

Essex

CM0 7EH

Registered number:

00610872 (England and Wales)

Auditors:

Baverstocks Limited

Statutory Auditor

Chartered Certified Accountants

Dickens House

Guithavon Street

Witham

Essex

CM8 1BJ

Fixed assets

Tangible assets

4

592,743

683,309

Current assets

Stocks

966,673

1,034,673

Debtors

5

412,522

261,405

Cash at bank and in hand

60,606

18,771

1,439,801

1,314,849

Creditors

Amounts falling due within one year

6

531,242

579,944

Net current assets

908,559

734,905

Total assets less current liabilities

1,501,302

1,418,214

Creditors

Amounts falling due after more than one
year

7

(225,893

)

(208,840

)

Provisions for liabilities

(145,505

)

(166,136

)

Net assets

1,129,904

1,043,238

Capital and reserves

Called up share capital

12,000

Retained earnings

1,117,904

1,031,238

1,129,904

1,043,238

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 9 June 2026 and were signed on its behalf by:

Mrs L E Allen - Director

Mrs E J Adams - Director

1.	Statutory information

Allen Brothers (Fittings) Limited 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.

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

Revenue from the sale of goods is recognised when control of the goods passes to the customer, which is typically on despatch (or on delivery where contractual terms require), at the transaction price net of discounts, rebates and sales taxes. Carriage income is recognised at the point the related goods are despatched. Customer returns/credits are recognised when approved; where appropriate, a provision for expected returns is recorded. Advance payments/proforma invoices are recorded as contract liabilities until the goods are despatched.

Tangible fixed assets

Tangible fixed assets are stated at cost less accumulated depreciation and impairment. Land is not depreciated. Depreciation is charged on a straight line basis over estimated useful lives as follows:

Buildings

20 - 50 years

Plant and machinery

5 - 12 years

Motor vehicles

3-5 years

Assets’ residual values and useful lives are reviewed at each reporting date.

Stocks

Stocks are stated at the lower of cost and net realisable value. Cost comprises purchase price and, for manufactured items, direct materials, direct labour and an appropriate proportion of production overheads based on normal operating capacity. Cost is determined using the weighted average method. Net realisable value is the estimated selling price less costs to complete and sell. A provision is made for obsolete and slow moving items.

Financial instruments

Trade and other receivables and cash are measured at amortised cost less impairment. Impairment losses are recognised when there is objective evidence of impairment as a result of events after initial recognition. Trade and other payables and interest?bearing loans are measured at amortised cost. Bank loans are initially recognised at fair value net of transaction costs and subsequently measured at amortised cost using the effective interest method.

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.

Foreign currencies

Transactions in foreign currencies are recorded at the exchange rate on the transaction date. Monetary assets and liabilities denominated in foreign currencies are translated at the year end rate, with exchange differences recognised in profit or loss.

Hire purchase and leasing commitments

Operating leases: rentals are charged to profit or loss on a straight line basis over the lease term.

Finance leases/hire purchase: assets are recognised at the lower of fair value and the present value of minimum lease payments, with a corresponding liability. The finance charge is recognised over the term to produce a constant periodic rate of interest. Depreciation is provided on the same basis as owned assets.

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.

3.	Employees and directors

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

4.	Tangible fixed assets

Plant and

Land and

machinery

buildings

etc

Totals

£

Cost

At 1 November 2024

262,822

1,742,856

2,005,678

Additions

-

8,813

At 31 October 2025

262,822

1,751,669

2,014,491

Depreciation

At 1 November 2024

257,137

1,065,232

1,322,369

Charge for year

5,685

93,694

99,379

At 31 October 2025

262,822

1,158,926

1,421,748

Net book value

At 31 October 2025

-

592,743

At 31 October 2024

5,685

677,624

683,309

5.

Debtors: amounts falling due within one year

2025

2024

as

restated

£

Trade debtors

359,252

225,808

Other debtors

53,270

35,597

412,522

261,405

6.

Creditors: amounts falling due within one year

2025

2024

as

restated

£

Bank loans and overdrafts

51,409

81,718

Hire purchase contracts

79,141

-

Trade creditors

79,982

82,925

Taxation and social security

132,357

44,994

Other creditors

188,353

370,307

531,242

579,944

7.

Creditors: amounts falling due after more than one year

2025

2024

as

restated

£

Bank loans

107,684

208,840

Hire purchase contracts

118,209

-

225,893

208,840

8.	Disclosure under Section 444(5B) of the Companies Act 2006

The Report of the Auditors was qualified on the following basis:

Basis for qualified opinion

As this is the first year in which we have audited the Company, we were unable to obtain sufficient appropriate audit evidence regarding the opening balances for stock as at the beginning of the period. Opening balances affect the determination of the financial performance for the year and the comparability of the current period's financial statements with those of the prior period.

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 Auditors' 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 qualified opinion.

Matters required to report by exception

Arising solely from the limitation on the scope of our work relating to the opening balances for stock, referred to above:

-

we have not obtained all the information and explanations that we considered necessary for the purpose
of our audit; and

-

we were unable to determine whether adequate accounting records have been kept.

Steven Collins FCCA (Senior Statutory Auditor)

for and on behalf of Baverstocks Limited