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Financial Statements |
Contents |
Page |
Strategic report |
1 |
Directors' report |
2 |
Independent auditor's report to the members |
4 |
Statement of comprehensive income |
7 |
Statement of financial position |
8 |
Statement of changes in equity |
9 |
Notes to the financial statements |
10 |
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Strategic Report |
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Director |
Director |
Registered office: |
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Directors' Report |
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Director |
Director |
Registered office: |
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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 accountants & statutory auditor |
4 Broadgate |
Broadway Business Park |
Chadderton |
Oldham |
OL9 9XA |
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Statement of Comprehensive Income |
2023 |
2022 |
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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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Distribution costs |
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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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Interest payable and similar expenses |
10 |
– |
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Profit before taxation |
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Tax on profit |
11 |
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--------- |
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Profit for the financial year |
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Tax relating to components of other comprehensive income |
(
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------------ |
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Total comprehensive income for the year |
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Statement of Financial Position |
2023 |
2022 |
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Note |
£ |
£ |
Intangible assets |
13 |
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Tangible assets |
14 |
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Investments |
15 |
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Stocks |
16 |
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Debtors |
17 |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
18 |
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Net current assets/(liabilities) |
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(
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Total assets less current liabilities |
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Provisions |
19 |
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Net assets |
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Called up share capital |
23 |
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Share premium account |
24 |
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Revaluation reserve |
24 |
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Capital redemption reserve |
24 |
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Profit and loss account |
24 |
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Shareholders funds |
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Director |
Director |
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Statement of Changes in Equity |
Called up share capital |
Share premium account |
Revaluation reserve |
Capital redemption reserve |
Profit and loss account |
Total |
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£ |
£ |
£ |
£ |
£ |
£ |
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At 1 April 2021 |
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Profit for the year |
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Other comprehensive income for the year: |
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Tax relating to components of other comprehensive income |
11 |
– |
– |
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– |
– |
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-------- |
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-------- |
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Total comprehensive income for the year |
– |
– |
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– |
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Dividends paid and payable |
12 |
– |
– |
– |
– |
(
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(
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-------- |
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Total investments by and distributions to owners |
– |
– |
– |
– |
(
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(
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At 31 March 2022 |
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Profit for the year |
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Other comprehensive income for the year: |
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Tax relating to components of other comprehensive income |
11 |
– |
– |
(
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– |
– |
(
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-------- |
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Total comprehensive income for the year |
– |
– |
(
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– |
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Dividends paid and payable |
12 |
– |
– |
– |
– |
(
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(
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---- |
---- |
---- |
---- |
--------- |
--------- |
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Total investments by and distributions to owners |
– |
– |
– |
– |
(
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(
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-------- |
--------- |
------------ |
-------- |
------------ |
------------- |
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At 31 March 2023 |
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-------- |
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Notes to the Financial Statements |
Freehold property |
- |
50 years straight line |
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Fixtures and fittings |
- |
5 to 25 years straight line |
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Motor vehicles |
- |
4 years straight line |
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Equipment |
- |
3 to 25 years straight line |
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2023 |
2022 |
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£ |
£ |
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Sale of goods |
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Rendering of services |
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------------ |
------------ |
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------------ |
------------ |
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2023 |
2022 |
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£ |
£ |
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------------ |
------------ |
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------------ |
------------ |
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2023 |
2022 |
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£ |
£ |
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Government grant income |
– |
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---- |
-------- |
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2023 |
2022 |
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£ |
£ |
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Depreciation of tangible assets |
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--------- |
--------- |
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2023 |
2022 |
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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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2023 |
2022 |
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No. |
No. |
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Production staff |
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Management staff |
4 |
4 |
---- |
---- |
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---- |
---- |
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2023 |
2022 |
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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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2023 |
2022 |
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£ |
£ |
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Remuneration |
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------- |
------- |
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2023 |
2022 |
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£ |
£ |
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Other interest payable and similar charges |
– |
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---- |
---- |
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2023 |
2022 |
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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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-------- |
--------- |
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Tax on profit |
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-------- |
--------- |
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2023 |
2022 |
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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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(
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Deferred tax movement |
68,447 |
(3,761) |
Utilisation of goup tax losses |
(136,237) |
(124,181) |
--------- |
------------ |
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Tax on profit |
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--------- |
------------ |
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2023 |
2022 |
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£ |
£ |
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Dividends paid during the year (excluding those for which a liability existed at the end of the prior year ) |
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--------- |
------------ |
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Goodwill |
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£ |
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Cost |
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At 1 April 2022 and 31 March 2023 |
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---- |
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Amortisation |
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At 1 April 2022 and 31 March 2023 |
– |
---- |
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Carrying amount |
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At 31 March 2023 |
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---- |
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At 31 March 2022 |
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---- |
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Freehold property |
Fixtures and fittings |
Motor vehicles |
Equipment |
Total |
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£ |
£ |
£ |
£ |
£ |
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Cost |
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At 1 April 2022 |
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450,114 |
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Additions |
– |
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– |
44,325 |
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------------- |
------------ |
-------- |
--------- |
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At 31 March 2023 |
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494,439 |
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------------- |
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-------- |
--------- |
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Depreciation |
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At 1 April 2022 |
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278,969 |
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Charge for the year |
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– |
47,863 |
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------------- |
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-------- |
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At 31 March 2023 |
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326,832 |
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------------- |
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-------- |
--------- |
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Carrying amount |
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At 31 March 2023 |
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– |
167,607 |
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------------- |
------------ |
-------- |
--------- |
------------- |
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At 31 March 2022 |
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– |
171,145 |
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------------- |
------------ |
-------- |
--------- |
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Shares in group undertakings |
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£ |
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Cost |
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At 1 April 2022 and 31 March 2023 |
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---- |
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Impairment |
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At 1 April 2022 and 31 March 2023 |
– |
---- |
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Carrying amount |
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At 31 March 2023 |
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---- |
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At 31 March 2022 |
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---- |
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Class of share |
Percentage of shares held |
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Subsidiary undertakings |
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Ordinary |
100 |
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Ordinary |
100 |
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Ordinary |
100 |
Capital and reserves |
Profit/(loss) for the year |
|||
2023 |
2022 |
2023 |
2022 |
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£ |
£ |
£ |
£ |
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Subsidiary undertakings |
||||
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1 |
1 |
– |
– |
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1 |
1 |
– |
– |
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1 |
1 |
– |
– |
---- |
---- |
---- |
---- |
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2023 |
2022 |
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£ |
£ |
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Raw materials and consumables |
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-------- |
-------- |
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2023 |
2022 |
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£ |
£ |
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Trade debtors |
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Amounts owed by group undertakings |
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Prepayments and accrued income |
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Other debtors |
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------------ |
--------- |
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------------ |
--------- |
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2023 |
2022 |
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£ |
£ |
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Trade creditors |
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Amounts owed to group undertakings |
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Accruals and deferred income |
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Corporation tax |
– |
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Social security and other taxes |
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Other creditors |
108,213 |
123,973 |
--------- |
--------- |
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--------- |
--------- |
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Deferred tax (note 20) |
|
£ |
|
At 1 April 2022 |
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Movement |
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On revaluation |
424,943 |
------------ |
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At 31 March 2023 |
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------------ |
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2023 |
2022 |
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£ |
£ |
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Included in provisions (note 19) |
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------------ |
------------ |
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2023 |
2022 |
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£ |
£ |
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Accelerated capital allowances |
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Revaluation of tangible assets |
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------------ |
------------ |
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2,260,099 |
1,766,709 |
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------------ |
------------ |
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2023 |
2022 |
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£ |
£ |
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Government grants recognised directly in income |
– |
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---- |
-------- |
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2023 |
2022 |
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No. |
£ |
No. |
£ |
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36,000 |
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36,000 |
-------- |
-------- |
-------- |
-------- |
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