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 2023

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

Ironstone House

Ironstone Way

Brixworth

Northamptonshire

NN6 9UD

Fixed assets

Tangible assets

4

66,256

68,082

Investment property

5

900,000

600,000

966,256

668,082

Current assets

Stocks

100

540

Debtors

6

38,069

53,717

Cash at bank

121,624

123,882

159,793

178,139

Creditors

Amounts falling due within one year

7

18,400

19,781

Net current assets

141,393

158,358

Total assets less current liabilities

1,107,649

826,440

Provisions for liabilities

8

72,185

-

Net assets

1,035,464

826,440

Capital and reserves

Called up share capital

9

500

500

Revaluation reserve

10

591,519

363,704

Capital redemption reserve

500

500

Retained earnings

442,945

461,736

Shareholders' funds

1,035,464

826,440

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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 22 March 2024 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 as modified by the revaluation of certain assets.

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 (2022 - 2 ) .

4.	Tangible fixed assets

Fixtures

Short

and

leasehold

Machinery

fittings

£

£

£

Cost

At 1 January 2023

38,056

58,998

16,179

Additions

-

2,745

614

Disposals

-

(1,300

)

-

At 31 December 2023

38,056

60,443

16,793

Depreciation

At 1 January 2023

38,056

33,634

14,384

Charge for year

-

2,627

200

Eliminated on disposal

-

(1,107

)

-

At 31 December 2023

38,056

35,154

14,584

Net book value

At 31 December 2023

-

25,289

2,209

At 31 December 2022

-

25,364

1,795

Motor

Plant and

vehicles

vehicles

Totals

£

£

£

Cost

At 1 January 2023

48,210

73,589

235,032

Additions

-

38,500

41,859

Disposals

-

(33,750

)

(35,050

)

At 31 December 2023

48,210

78,339

241,841

Depreciation

At 1 January 2023

44,390

36,486

166,950

Charge for year

956

8,759

12,542

Eliminated on disposal

-

(2,800

)

(3,907

)

At 31 December 2023

45,346

42,445

175,585

Net book value

At 31 December 2023

2,864

35,894

66,256

At 31 December 2022

3,820

37,103

68,082

5.	Investment property

Total

£

Fair value

At 1 January 2023

600,000

Revaluations

300,000

At 31 December 2023

900,000

Net book value

At 31 December 2023

900,000

At 31 December 2022

600,000

The fair value of the investment property has been arrived at on the basis of a valuation carried out by the directors.

The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties in the immediate location

6.

Debtors

31.12.23

31.12.22

£

£

Amounts falling due within one year:

Trade debtors

-

16,238

Other debtors

1,456

1,404

1,456

17,642

Amounts falling due after more than one year:

Loans and deferred tax

36,613

36,075

Aggregate amounts

38,069

53,717

7.

Creditors: amounts falling due within one year

31.12.23

31.12.22

£

£

Trade creditors

304

1,466

Taxation and social security

2,337

2,353

Other creditors

15,759

15,962

18,400

19,781

8.	Provisions for liabilities

31.12.23

31.12.22

£

£

Deferred tax

On investment property

revaluations

72,185

-

72,185

-

Deferred

tax

£

Provided during year

72,185

Balance at 31 December 2023

72,185

9.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.23

31.12.22

value:

£

£

500

Ordinary

1

500

500

10.

Reserves

Revaluation

reserve

£

At 1 January 2023

363,704

Revaluation movements

300,000

Deferred tax

(72,185

)

At 31 December 2023

591,519