REGISTERED NUMBER: 10686398 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31ST DECEMBER 2025

FOR

ALLSFAR LTD

Page

Company information

1

Balance sheet

2

Notes to the financial statements

4

Directors:

M G Doouss

A J Doouss

Registered office:

Aspect Gate

1 Olds Approach

Watford

Hertfordshire

WD18 9RF

Registered number:

10686398 (England and Wales)

Fixed assets

Intangible assets

4

100,000

150,000

Tangible assets

5

432,213

368,895

532,213

518,895

Current assets

Stocks

6

760,897

433,824

Debtors

7

769,776

1,296,910

Cash at bank

970,161

352,308

2,500,834

2,083,042

Creditors

Amounts falling due within one year

8

1,589,570

1,568,223

Net current assets

911,264

514,819

Total assets less current liabilities

1,443,477

1,033,714

Creditors

Amounts falling due after more than one year

9

(116,072

)

-

Provisions for liabilities

11

(64,100

)

(69,800

)

Net assets

1,263,305

963,914

Capital and reserves

Called up share capital

12

200,000

200,000

Retained earnings

1,063,305

763,914

Shareholders' funds

1,263,305

963,914

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Statement of income and retained earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31st July 2026 and were signed on its behalf by:

M G Doouss - Director

1.	Statutory information

Allsfar Ltd 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

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2023, is being amortised evenly over its estimated useful life of five years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Tangible fixed assets are stated in the Balance Sheet at cost less depreciation. Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Leasehold improvements

2% straight line basis

Plant & machinery

20% straight line basis

Furniture & fittings

33% straight line basis

Motor vehicles

30% reducing balance basis

Office equipment

33% straight line basis

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and 'Other Financial Instruments Issues' of FRS102 to all of its financial instruments. Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables and cash and bank balances,are measured at transaction price less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Other financial assets

Other financial assets, including investments in equity instruments which are not subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the transaction price. Such assets are subsequently carried at fair value and the changes in fair value are recognised in profit or loss, except that investments in equity instruments that are not publicly traded and whose fair values cannot be measured reliably are measured at the cost less impairment.

Impairment of financial assets

Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting date.

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the assets original effective interest rate. The impairment loss is recognised in profit or loss.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Derecognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the group transfers the financial asset and substantially all of the risks and rewards of the ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Classification of financial liabilities

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 group after deducing all of its liabilities.

Basic financial liabilities, including trade and other payables are measured at the transaction price.

Other financial liabilities, including bank loans, loans from fellow group companies and preference shares that are classified as debt, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Other financial liabilities

Derivatives, including interest rate swaps and forward foreign exchange contracts, are not basic financial instruments. Derivatives are initially recognised at fair value on the date a derivative contract is entered into and are subsequently re-measured at their fair value. Changes in the fair value of derivatives are recognised in profit or loss in finance costs or finance income as appropriate, unless hedge accounting is applied and the hedge is a cash flow hedge.

Derecognition of financial liabilities

Financial liabilities are derecognised when the group's contractual obligations expire or are

discharged or cancelled.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Research & development

Expenditure on research and development is written off in the year in which it is incurred.

Foreign currencies

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 of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs & 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 (including officers)

The average number of employees during the year was 31 (2024 - 28 ) .

4.	Intangible fixed assets

Goodwill

£

Cost

At 1st January 2025

and 31st December 2025

250,000

Amortisation

At 1st January 2025

100,000

Charge for year

50,000

At 31st December 2025

150,000

Net book value

At 31st December 2025

100,000

At 31st December 2024

150,000

5.	Tangible fixed assets

Leasehold

Plant &

Furniture &

improvements

machinery

fittings

£

£

£

Cost

At 1st January 2025

129,157

312,033

26,888

Additions

-

10,536

2,202

Disposals

-

(1,650

)

(12,174

)

At 31st December 2025

129,157

320,919

16,916

Depreciation

At 1st January 2025

8,213

159,351

17,421

Charge for year

2,583

56,150

5,201

Eliminated on disposal

-

(660

)

(12,174

)

At 31st December 2025

10,796

214,841

10,448

Net book value

At 31st December 2025

118,361

106,078

6,468

At 31st December 2024

120,944

152,682

9,467

Motor

Office

vehicles

equipment

Totals

£

£

£

Cost

At 1st January 2025

107,419

119,711

695,208

Additions

212,371

16,545

241,654

Disposals

(4,070

)

(17,481

)

(35,375

)

At 31st December 2025

315,720

118,775

901,487

Depreciation

At 1st January 2025

64,260

77,068

326,313

Charge for year

76,622

35,974

176,530

Eliminated on disposal

(3,943

)

(16,792

)

(33,569

)

At 31st December 2025

136,939

96,250

469,274

Net book value

At 31st December 2025

178,781

22,525

432,213

At 31st December 2024

43,159

42,643

368,895

The net book value of tangible fixed assets includes £ 129,879 in respect of assets held under hire purchase contracts.

6.

Stocks

31.12.25

31.12.24

£

£

Stocks

760,897

433,824

7.

Debtors: amounts falling due within one year

31.12.25

31.12.24

£

£

Trade debtors

614,960

1,206,775

Amounts owed by group undertakings

88,396

-

Other debtors

22,803

2,803

Prepayments & accrued income

43,617

87,332

769,776

1,296,910

8.

Creditors: amounts falling due within one year

31.12.25

31.12.24

£

£

Bank loans & overdrafts

-

87,500

Hire purchase contracts

16,005

-

Trade creditors

221,940

185,488

Amounts owed to group undertakings

381,700

537,958

Amounts owed to related parties

1,721

1,503

Corporation tax

25,300

112,878

Social security & other taxes

122,073

130,194

Other creditors

552

2,420

Accrued expenses

820,279

510,282

1,589,570

1,568,223

9.

Creditors: amounts falling due after more than one year

31.12.25

31.12.24

£

£

Hire purchase contracts

116,072

-

10.	Secured debts

The following secured debts are included within creditors:

31.12.25

31.12.24

£

£

Bank loans

-

87,500

11.	Provisions for liabilities

31.12.25

31.12.24

£

£

Deferred tax

64,100

69,800

Deferred tax

£

Balance at 1st January 2025

69,800

Utilised during year

(5,700

)

Balance at 31st December 2025

64,100

12.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.25

31.12.24

value:

£

£

200,000

Ordinary shares

£1

200,000

200,000

13.	Contingent liabilities

There were no contingent liabilities as at 31st December 2025.

14.	Off-balance sheet arrangements

The total amount of guarantees not included in the balance sheet is £216,204 (2024: £225,265). The company has provided a cross guarantee in respect of bank borrowings of the immediate and ultimate parent company. The company has provided security in respect of these guarantees by virtue of fixed and floating charges over its assets.

15.	Related party disclosures

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

The following transactions with related parties took place during the year, on normal commercial terms:

Loans to / (from

)

Debtor balance

Creditor balance

£

£

£

Entities with common key management personnel

(218

)

-

1,721

Group entities with common control

88,396

88,396

-

16.	Ultimate controlling party

The ultimate controlling party is Romead Holdings Limited.

Registered number:

10680889

Registered office:

Aspect Gate

1 Olds Approach

Watford

Hertfordshire

WD18 9RF