Company Registration No. 04505759 (England and Wales)
Allen & Company Financial Management Ltd.
Unaudited accounts
for the year ended 31 March 2023
Allen & Company Financial Management Ltd.
Unaudited accounts
Contents
Allen & Company Financial Management Ltd.
Company Information
for the year ended 31 March 2023
Company Number
04505759 (England and Wales)
Registered Office
15 Dedham Vale Business Centre
Manningtree Road
Dedham
Essex
CO7 6BL
Accountants
Pro Tax Accounting
The Colchester Centre
Hawkins Road
Colchester
Essex
CO2 8JX
Allen & Company Financial Management Ltd.
Statement of financial position
as at 31 March 2023
Tangible assets
3,706
2,875
Cash at bank and in hand
7,675
34,201
Creditors: amounts falling due within one year
(36,643)
(38,533)
Net current assets
9,032
20,668
Total assets less current liabilities
12,738
23,543
Provisions for liabilities
Called up share capital
1
1
Profit and loss account
11,995
22,800
Shareholders' funds
11,996
22,801
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 20 December 2023 and were signed on its behalf by
Mr Adrian Allen
Director
Company Registration No. 04505759
Allen & Company Financial Management Ltd.
Notes to the Accounts
for the year ended 31 March 2023
Allen & Company Financial Management Ltd. is a private company, limited by shares, registered in England and Wales, registration number 04505759. The registered office is 15 Dedham Vale Business Centre, Manningtree Road, Dedham, Essex, CO7 6BL.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance basis
Fixtures & fittings
25% reducing balance basis
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Goodwill is being written off in equal annual instalments over it's estimated economic life of 5 years.
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 accounts. 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 current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Allen & Company Financial Management Ltd.
Notes to the Accounts
for the year ended 31 March 2023
4
Intangible fixed assets
Goodwill
5
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 April 2022
8,677
12,791
21,468
At 31 March 2023
8,677
14,481
23,158
At 1 April 2022
8,191
10,402
18,593
Charge for the year
121
738
859
At 31 March 2023
8,312
11,140
19,452
At 31 March 2023
365
3,341
3,706
At 31 March 2022
486
2,389
2,875
Amounts falling due after more than one year
Other debtors
38,000
25,000
7
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
34,615
38,351
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
Allen & Company Financial Management Ltd.
Notes to the Accounts
for the year ended 31 March 2023
9
Average number of employees
During the year the average number of employees was 6 (2022: 6).
