ALLEN'S_1956_LIMITED

ALLEN'S 1956 LIMITED

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF ALLEN'S 1956 LIMITED FOR THE YEAR ENDED 31 DECEMBER 2015

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In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Allen's 1956 Limited for the year ended 31 December 2015 set out on pages 2 to 4 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at icaew.com/regulations.

This report is made solely to the Board of Directors of Allen's 1956 Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Allen's 1956 Limited and state those matters that we have agreed to state to the Board of Directors of Allen's 1956 Limited, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Allen's 1956 Limited and its Board of Directors as a body, for our work or for this report.

It is your duty to ensure that Allen's 1956 Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Allen's 1956 Limited. You consider that Allen's 1956 Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Allen's 1956 Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Moore and Smalley LLP

Chartered Accountants

Richard House

9 Winckley Square

Preston

PR1 3HP

8 March 2016

ALLEN'S 1956 LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 DECEMBER 2015

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2015

2014

Notes

Fixed assets

Investments

Current assets

Debtors

4,535

15,119

Cash at bank and in hand

10,515

12,216

15,050

27,335

Creditors: amounts falling due within one year

(10,209)

(22,021)

Net current assets

4,841

5,314

Total assets less current liabilities

4,843

5,316

Capital and reserves

Called up share capital

Profit and loss account

4,839

5,312

Shareholders' funds

4,843

5,316

For the financial year ended 31 December 2015 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 year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 7 March 2016

Mr T M Allen

Director

Company Registration No. 04914553

ALLEN'S 1956 LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2015

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Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Computer and office equipment

25% reducing balance/over 3 years

1.5

Investments

Fixed asset investments are stated at cost less provision for diminution in value.

1.6

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

1.7

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Fixed assets

Investments

Cost

At 1 January 2015 & at 31 December 2015

At 31 December 2014

Share capital

2015

2014

Allotted, called up and fully paid

4 Ordinary of £1 each

ALLEN'S 1956 LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2015

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Directors' benefits: Advances, credits and guarantees

Mr T M Allen and Mrs V Allen, directors of the company, have a loan account with the company against which personal expenditure and drawings may be charged. The loan account became overdrawn during the year but was cleared during the current year. The balance at the year end was £4 (2014: £2,004). The maximum that the account was overdrawn in the year was £22,227. This loan is unsecured. No interest was charged by the company for the period when the loan account was overdrawn, nor was any interest credited for the period in which the loan account was in credit.