B.E. Allen & Sons, Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 01146335 (England and Wales)

Unaudited Financial Statements For The Year Ended 31 December 2022

for

B.E. Allen & Sons, Limited

Page

Company information

1

Balance sheet

2

Notes to the financial statements

4

Directors:

R B Allen

Mrs B Allen

Secretary:

Mrs B Allen

Registered office:

Green Pastures

Lillingstone Lovell

Buckingham

Buckinghamshire

MK18 5BF

Registered number:

01146335 (England and Wales)

Accountants:

R Vann Ltd

Chartered Certified Accountants

Suite 4

Ironstone House

Ironstone Way

Brixworth

Northamptonshire

NN6 9UD

Fixed assets

Tangible assets

4

68,082

60,917

Investment property

5

600,000

600,000

668,082

660,917

Current assets

Stocks

540

811

Debtors

6

53,718

28,821

Cash at bank

123,882

166,638

178,140

196,270

Creditors

Amounts falling due within one year

7

19,781

18,381

Net current assets

158,359

177,889

Total assets less current liabilities

826,441

838,806

Provisions for liabilities

8

-

1,425

Net assets

826,441

837,381

Capital and reserves

Called up share capital

9

500

500

Revaluation reserve

10

363,704

363,704

Capital redemption reserve

500

500

Retained earnings

461,737

472,677

Shareholders' funds

826,441

837,381

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 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 Income statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 August 2023 and were signed on its behalf by:

R B Allen - Director

1.	Statutory information

B.E. Allen & Sons, 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

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

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

in accordance with the property

Plant and machinery etc

-

25% on reducing balance and 10% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks

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

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	Employees and directors

The average number of employees during the year was 2 (2021 - 2 ) .

4.	Tangible fixed assets

Fixtures

Short

and

leasehold

Machinery

fittings

£

£

£

Cost

At 1 January 2022

38,056

58,998

16,179

Additions

-

-

-

Disposals

-

-

-

At 31 December 2022

38,056

58,998

16,179

Depreciation

At 1 January 2022

38,056

30,792

14,184

Charge for year

-

2,842

200

Eliminated on disposal

-

-

-

At 31 December 2022

38,056

33,634

14,384

Net book value

At 31 December 2022

-

25,364

1,795

At 31 December 2021

-

28,206

1,995

Motor

Plant and

vehicles

vehicles

Totals

£

£

£

Cost

At 1 January 2022

48,210

61,839

223,282

Additions

-

33,750

33,750

Disposals

-

(22,000

)

(22,000

)

At 31 December 2022

48,210

73,589

235,032

Depreciation

At 1 January 2022

43,115

36,218

162,365

Charge for year

1,275

4,851

9,168

Eliminated on disposal

-

(4,583

)

(4,583

)

At 31 December 2022

44,390

36,486

166,950

Net book value

At 31 December 2022

3,820

37,103

68,082

At 31 December 2021

5,095

25,621

60,917

5.	Investment property

Total

£

Fair value

At 1 January 2022

and 31 December 2022

600,000

Net book value

At 31 December 2022

600,000

At 31 December 2021

600,000

6.

Debtors

31.12.22

31.12.21

£

£

Amounts falling due within one year:

Trade debtors

16,238

2,174

Other debtors

1,405

26,647

17,643

28,821

31.12.22

31.12.21

£

£

Amounts falling due after more than one year:

Loans and deferred tax

36,075

-

Aggregate amounts

53,718

28,821

7.

Creditors: amounts falling due within one year

31.12.22

31.12.21

£

£

Trade creditors

1,466

884

Taxation and social security

2,353

1,309

Other creditors

15,962

16,188

19,781

18,381

8.	Provisions for liabilities

31.12.22

31.12.21

£

£

Deferred tax

-

1,425

Deferred

tax

£

Balance at 1 January 2022

1,425

Provided during year

(1,425

)

Balance at 31 December 2022

-

9.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.22

31.12.21

value:

£

£

500

Ordinary

1

500

500

10.

Reserves

Revaluation

reserve

£

At 1 January 2022

and 31 December 2022

363,704