Company No: 01045503 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Intangible assets	3	103,689		141,358
Tangible assets	4	293,406		260,455
Investment property	5	330,000		330,000
Investments	6	153		102
		727,248		731,915
Current assets
Stocks		414,990		484,113
Debtors	7	871,319		613,186
Cash at bank and in hand		351,429		498,154
		1,637,738		1,595,453
Creditors: amounts falling due within one year	8	( 1,280,354)		( 1,172,832)
Net current assets		357,384		422,621
Total assets less current liabilities		1,084,632		1,154,536
Provision for liabilities		( 83,000)		( 75,000)
Net assets		1,001,632		1,079,536
Capital and reserves
Called-up share capital	9	750		750
Capital redemption reserve		38		38
Other reserves		466		466
Profit and loss account		1,000,378		1,078,282
Total shareholders' funds		1,001,632		1,079,536

For the financial year ending 31 December 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 financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Allsop & Pitts Limited (registered number: 01045503) were approved and authorised for issue by the Board of Directors on 21 July 2026. They were signed on its behalf by:

Mr D C Purdie Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Allsop & Pitts Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 102 Barton Road, Torquay, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer. Revenue from services is recognised as they are delivered.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill	10 years straight line
Computer software	4 years straight line

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a [straight-line, reducing balance] basis over its expected useful life, as follows:

Vehicles	25 % reducing balance
Fixtures and fittings	20 % reducing balance
	4 years straight line
Office equipment	4 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	39		40

3. Intangible assets

	Goodwill		Computer software		Total
	£		£		£
Cost
At 01 January 2025	356,001		54,890		410,891
At 31 December 2025	356,001		54,890		410,891
Accumulated amortisation
At 01 January 2025	222,400		47,133		269,533
Charge for the financial year	35,600		2,069		37,669
At 31 December 2025	258,000		49,202		307,202
Net book value
At 31 December 2025	98,001		5,688		103,689
At 31 December 2024	133,601		7,757		141,358

4. Tangible assets

	Vehicles		Fixtures and fittings		Office equipment		Total
	£		£		£		£
Cost
At 01 January 2025	385,327		197,678		235,888		818,893
Additions	51,241		57,777		2,275		111,293
At 31 December 2025	436,568		255,455		238,163		930,186
Accumulated depreciation
At 01 January 2025	162,793		167,797		227,848		558,438
Charge for the financial year	58,402		13,967		5,973		78,342
At 31 December 2025	221,195		181,764		233,821		636,780
Net book value
At 31 December 2025	215,373		73,691		4,342		293,406
At 31 December 2024	222,534		29,881		8,040		260,455

5. Investment property

	Investment property
	£
Valuation
As at 01 January 2025	330,000
As at 31 December 2025	330,000

6. Fixed asset investments

Investments in subsidiaries

	2025
	£
Cost
At 01 January 2025	102
Purchase of 51 shares in Allsop & Pitts Refrigeration Limited	51
At 31 December 2025	153
Carrying value at 31 December 2025	153
Carrying value at 31 December 2024	102

7. Debtors

	2025		2024
	£		£
Trade debtors	785,597		541,096
Amounts owed by related parties	34,392		32,350
Other debtors	51,330		39,740
	871,319		613,186

8. Creditors: amounts falling due within one year

	2025		2024
	£		£
Bank loans	0		14,167
Trade creditors	628,934		457,620
Taxation and social security	151,503		201,981
Other creditors	499,917		499,064
	1,280,354		1,172,832

9. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
584 Ordinary shares of £ 1.00 each	584		584
50 Ordinary A shares of £ 1.00 each	50		50
1 Ordinary B share of £ 1.00	1		1
1 Ordinary C share of £ 1.00	1		1
114 Management ordinary shares of £ 1.00 each	114		114
	750		750

10. Financial commitments

Commitments

	2025		2024
	£		£
Total future minimum lease payments under non-cancellable operating leases	571,835		632,698