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Financial Statements |
Contents |
Page |
Officers and professional advisers |
1 |
Strategic report |
2 |
Directors' report |
4 |
Independent auditor's report to the members |
6 |
Statement of income and retained earnings |
10 |
Statement of financial position |
11 |
Statement of cash flows |
12 |
Notes to the financial statements |
13 |
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Officers and Professional Advisers |
The board of directors |
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Company secretary |
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Registered office |
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Auditor |
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Chartered Certified Accountants & statutory auditor |
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8 Jury Street |
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Warwick |
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CV34 4EW |
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Strategic Report |
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Director |
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Directors' Report |
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Director |
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Independent Auditor's Report to the Members of
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(Senior Statutory Auditor) |
For and on behalf of |
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Chartered Certified Accountants & statutory auditor |
8 Jury Street |
Warwick |
CV34 4EW |
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Statement of Income and Retained Earnings |
2021 |
2020 |
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Note |
£ |
£ |
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Turnover |
4 |
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Cost of sales |
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Gross profit |
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Administrative expenses |
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Other operating income |
5 |
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Operating profit |
6 |
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Other interest receivable and similar income |
10 |
– |
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Interest payable and similar expenses |
11 |
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– |
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Profit before taxation |
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Tax on profit |
12 |
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-------- |
-------- |
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Profit for the financial year and total comprehensive income |
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-------- |
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Dividends paid and payable |
13 |
(
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(
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Retained earnings at the start of the year |
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Retained earnings at the end of the year |
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Statement of Financial Position |
2021 |
2020 |
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Note |
£ |
£ |
£ |
Tangible assets |
14 |
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Stocks |
15 |
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Debtors |
16 |
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Cash at bank and in hand |
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Prepayments and accrued income |
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Creditors: amounts falling due within one year |
17 |
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Net current assets |
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Total assets less current liabilities |
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Creditors: amounts falling due after more than one year |
18 |
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Taxation including deferred tax |
20 |
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Net assets |
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Called up share capital |
24 |
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Profit and loss account |
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Shareholders funds |
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Director |
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Statement of Cash Flows |
2021 |
2020 |
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£ |
£ |
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Profit for the financial year |
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Adjustments for: |
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Depreciation of tangible assets |
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Government grant income |
(
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(
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Other interest receivable and similar income |
– |
(
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Interest payable and similar expenses |
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– |
Gains on disposal of tangible assets |
(
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(
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Tax on profit |
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Changes in: |
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Stocks |
– |
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Trade and other debtors |
(
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Trade and other creditors |
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Cash generated from operations |
(
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Interest paid |
(
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– |
Interest received |
– |
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Tax paid |
(
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(
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-------- |
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Net cash (used in)/from operating activities |
(
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-------- |
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Purchase of tangible assets |
(
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(
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Proceeds from sale of tangible assets |
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-------- |
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Net cash used in investing activities |
(
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(
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-------- |
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Government grant income |
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Payments of finance lease liabilities |
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– |
Dividends paid |
(
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(
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-------- |
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Net cash (used in)/from financing activities |
(
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-------- |
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Net (decrease)/increase in cash and cash equivalents |
(
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Cash and cash equivalents at beginning of year |
3,283,901 |
1,537,460 |
----------- |
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Cash and cash equivalents at end of year |
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----------- |
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Notes to the Financial Statements |
Leasehold Property |
- |
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Plant & Machinery |
- |
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Fixtures & Fittings |
- |
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Motor Vehicles |
- |
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Equipment |
- |
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2021 |
2020 |
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£ |
£ |
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Construction contracts |
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------------ |
------------ |
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2021 |
2020 |
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£ |
£ |
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Government grant income |
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------- |
-------- |
|
2021 |
2020 |
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£ |
£ |
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Depreciation of tangible assets |
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Gains on disposal of tangible assets |
(
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(
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Impairment of trade debtors |
– |
4,045 |
Foreign exchange differences |
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Lease payments |
29,838 |
29,838
|
------- |
------- |
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2021 |
2020 |
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£ |
£ |
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Fees payable for the audit of the financial statements |
|
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------ |
------ |
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2021 |
2020 |
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No. |
No. |
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Production staff |
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Administrative staff |
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Management staff |
3 |
3 |
---- |
---- |
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---- |
---- |
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2021 |
2020 |
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£ |
£ |
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Wages and salaries |
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Social security costs |
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Other pension costs |
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----------- |
----------- |
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----------- |
----------- |
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2021 |
2020 |
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£ |
£ |
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Remuneration |
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Company contributions to defined contribution pension plans |
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-------- |
-------- |
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-------- |
-------- |
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2021 |
2020 |
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No. |
No. |
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Defined contribution plans |
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---- |
---- |
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2021 |
2020 |
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£ |
£ |
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Aggregate remuneration |
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Company contributions to defined contribution pension plans |
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-------- |
-------- |
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-------- |
-------- |
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2021 |
2020 |
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£ |
£ |
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Interest on cash and cash equivalents |
– |
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---- |
---- |
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2021 |
2020 |
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£ |
£ |
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Interest on obligations under finance leases and hire purchase contracts |
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– |
------ |
---- |
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2021 |
2020 |
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£ |
£ |
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UK current tax expense |
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Origination and reversal of timing differences |
|
(
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------- |
------- |
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Tax on profit |
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------- |
------- |
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2021 |
2020 |
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£ |
£ |
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Profit on ordinary activities before taxation |
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-------- |
-------- |
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Profit on ordinary activities by rate of tax |
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Effect of expenses not deductible for tax purposes |
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Effect of capital allowances and depreciation |
(
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– |
Rounding on tax charge |
– |
(
38) |
-------- |
-------- |
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Tax on profit |
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-------- |
-------- |
|
2021 |
2020 |
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£ |
£ |
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Equity dividends on ordinary shares |
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-------- |
-------- |
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2021 |
2020 |
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£ |
£ |
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Equity dividends on ordinary shares |
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------- |
------- |
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Land and buildings |
Plant and machinery |
Fixtures and fittings |
Motor vehicles |
Equipment |
Total |
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£ |
£ |
£ |
£ |
£ |
£ |
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Cost |
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At 1 Jan 2021 |
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Additions |
– |
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– |
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Disposals |
– |
– |
– |
(
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(
|
(
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------- |
-------- |
------- |
-------- |
-------- |
-------- |
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At 31 Dec 2021 |
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------- |
-------- |
------- |
-------- |
-------- |
-------- |
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Depreciation |
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At 1 Jan 2021 |
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Charge for the year |
– |
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– |
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Disposals |
– |
– |
– |
(
|
(
|
(
|
------- |
-------- |
------- |
-------- |
-------- |
-------- |
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At 31 Dec 2021 |
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------- |
-------- |
------- |
-------- |
-------- |
-------- |
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Carrying amount |
||||||
At 31 Dec 2021 |
– |
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– |
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------- |
-------- |
------- |
-------- |
-------- |
-------- |
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At 31 Dec 2020 |
– |
|
– |
|
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------- |
-------- |
------- |
-------- |
-------- |
-------- |
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Motor vehicles |
|
£ |
|
At 31 December 2021 |
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------- |
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At 31 December 2020 |
– |
------- |
|
2021 |
2020 |
|
£ |
£ |
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Contracted for but not provided for in the financial statements |
|
– |
------- |
---- |
|
2021 |
2020 |
|
£ |
£ |
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Raw materials and consumables |
|
|
------ |
------ |
|
2021 |
2020 |
|
£ |
£ |
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Trade debtors |
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Amounts owed by customers on construction contracts |
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Directors loan account |
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– |
Other debtors |
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– |
----------- |
----------- |
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----------- |
----------- |
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2021 |
2020 |
|
£ |
£ |
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Trade debtors |
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-------- |
-------- |
|
2021 |
2020 |
|
£ |
£ |
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Trade creditors |
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Social security and other taxes |
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Obligations under finance leases and hire purchase contracts |
|
– |
Other creditors |
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----------- |
----------- |
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|
----------- |
----------- |
|
2021 |
2020 |
|
£ |
£ |
|
Obligations under finance leases and hire purchase contracts |
|
– |
Other creditors |
|
|
------- |
------- |
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|
------- |
------- |
|
2021 |
2020 |
|
£ |
£ |
|
Not later than 1 year |
|
– |
Later than 1 year and not later than 5 years |
|
– |
------- |
---- |
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– |
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------- |
---- |
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Deferred tax (note 21) |
|
£ |
|
At 1 January 2021 |
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Additions |
|
------- |
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At 31 December 2021 |
|
------- |
|
2021 |
2020 |
|
£ |
£ |
|
Included in provisions (note 20) |
|
|
------- |
------- |
|
2021 |
2020 |
|
£ |
£ |
|
Accelerated capital allowances |
|
|
------- |
------- |
|
2021 |
2020 |
|
£ |
£ |
|
Government grants recognised directly in income |
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------- |
-------- |
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2021 |
2020 |
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No. |
£ |
No. |
£ |
|
|
|
600 |
|
600 |
---- |
---- |
---- |
---- |
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At 1 Jan 2021 |
Cash flows |
At 31 Dec 2021 |
|
£ |
£ |
£ |
|
Cash at bank and in hand |
|
(820,364) |
|
Debt due within one year |
– |
(13,961) |
(13,961) |
Debt due after one year |
– |
(42,756) |
(42,756) |
----------- |
-------- |
----------- |
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(
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----------- |
-------- |
----------- |
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2021 |
2020 |
|
£ |
£ |
|
Not later than 1 year |
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Later than 1 year and not later than 5 years |
|
|
------- |
------- |
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------- |
------- |
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