|
|
|
|
Financial Statements |
Contents |
Pages |
Officers and professional advisers |
1 |
Strategic report |
2 |
Directors' report |
3 to 4 |
Independent auditor's report to the members |
5 to 8 |
Statement of comprehensive income |
9 |
Statement of financial position |
10 |
Statement of changes in equity |
11 |
Notes to the financial statements |
12 to 17 |
|
Officers and Professional Advisers |
The board of directors |
|
|
|
|
|
|
|
Registered office |
|
|
|
|
|
|
|
United Kingdom |
|
|
|
Auditor |
|
Chartered Accountants & statutory auditor |
|
3B Swallowfield Courtyard |
|
Wolverhampton Road |
|
Oldbury |
|
West Midlands |
|
B69 2JG |
|
|
Strategic Report |
|
Director |
Registered office: |
|
|
|
|
United Kingdom |
|
|
Directors' Report |
|
|
|
(Appointed
|
|
(Appointed
|
|
(Appointed
|
|
(Resigned
|
|
(Resigned
|
|
Director |
Registered office: |
|
|
|
|
United Kingdom |
|
|
Independent Auditor's Report to the Members of
|
|
(Senior Statutory Auditor) |
For and on behalf of |
|
Chartered Accountants & statutory auditor |
3B Swallowfield Courtyard |
Wolverhampton Road |
Oldbury |
West Midlands |
B69 2JG |
|
Statement of Comprehensive Income |
2023 |
2022 |
||
Note |
£ |
£ |
|
Turnover |
4 |
|
|
-------- |
-------- |
|
Gross profit |
|
|
Administrative expenses |
|
|
-------- |
-------- |
|
Operating profit |
|
|
Income from shares in group undertakings |
6 |
|
|
Interest payable |
7 |
|
|
------------ |
------------ |
||
Profit before taxation |
|
|
|
Taxation on ordinary activities |
8 |
|
|
------------ |
------------ |
||
Profit for the financial year and total comprehensive income |
|
|
|
------------ |
------------ |
||
|
Statement of Financial Position |
2023 |
2022 |
||
Note |
£ |
£ |
£ |
Investments |
10 |
|
|
|
Cash at bank and in hand |
|
|
|
Creditors: amounts falling due within one year |
11 |
|
|
|
-------- |
--------- |
|||
Net current assets/(liabilities) |
|
(
|
||
------------ |
------------ |
|||
Total assets less current liabilities |
|
|
||
Creditors: amounts falling due after more than one year |
12 |
– |
|
|
------------ |
------------ |
|||
Net assets |
|
|
||
------------ |
------------ |
|||
Called up share capital |
14 |
|
|
|
Share premium account |
15 |
|
|
|
Capital redemption reserve |
15 |
|
|
|
Profit and loss account |
15 |
|
|
|
------------ |
------------ |
|||
Shareholders funds |
|
|
||
------------ |
------------ |
|||
|
Statement of Changes in Equity |
Called up share capital |
Share premium account |
Capital redemption reserve |
Profit and loss account |
Total |
||
£ |
£ |
£ |
£ |
£ |
||
At 1 April 2021 |
|
|
|
|
|
|
Profit for the year |
|
|
||||
-------- |
------------ |
-------- |
------------ |
------------ |
||
Total comprehensive income for the year |
– |
– |
– |
|
|
|
Dividends paid and payable |
9 |
– |
– |
– |
(
|
(
|
Redemption of shares |
(
|
– |
|
(
|
(
|
|
-------- |
------------ |
-------- |
------------ |
------------ |
||
Total investments by and distributions to owners |
(
|
– |
|
(
|
(
|
|
At 31 March 2022 |
|
|
|
|
|
|
Profit for the year |
|
|
||||
-------- |
------------ |
-------- |
------------ |
------------ |
||
Total comprehensive income for the year |
– |
– |
– |
|
|
|
Dividends paid and payable |
9 |
– |
– |
– |
(
|
(
|
Redemption of shares |
(
|
– |
|
(
|
(
|
|
------- |
---- |
------- |
--------- |
--------- |
||
Total investments by and distributions to owners |
(
|
– |
|
(
|
(
|
|
-------- |
------------ |
-------- |
------------ |
------------ |
||
At 31 March 2023 |
|
|
|
|
|
|
-------- |
------------ |
-------- |
------------ |
------------ |
||
|
Notes to the Financial Statements |
2023 |
2022 |
|
£ |
£ |
|
Rendering of services |
|
|
-------- |
-------- |
|
2023 |
2022 |
|
No. |
No. |
|
Management staff |
3 |
3 |
---- |
---- |
|
2023 |
2022 |
|
£ |
£ |
|
Income from group undertakings |
1,250,000 |
6,304,458 |
------------ |
------------ |
|
2023 |
2022 |
|
£ |
£ |
|
Interest on banks loans and overdrafts |
|
|
-------- |
-------- |
|
2023 |
2022 |
|
£ |
£ |
|
UK current tax expense |
|
|
Adjustments in respect of prior periods |
– |
(
|
------- |
-------- |
|
Total current tax |
|
|
------- |
-------- |
|
------- |
-------- |
|
Taxation on ordinary activities |
|
|
------- |
-------- |
|
2023 |
2022 |
|
£ |
£ |
|
Profit on ordinary activities before taxation |
|
|
------------ |
------------ |
|
Profit on ordinary activities by rate of tax |
|
|
Adjustment to tax charge in respect of prior periods |
– |
(
|
Effect of expenses not deductible for tax purposes |
|
|
Franked investment income |
(237,500) |
(1,197,848) |
------------ |
------------ |
|
Tax on profit |
|
|
------------ |
------------ |
|
2023 |
2022 |
|
£ |
£ |
|
Dividends on equity shares |
|
|
--------- |
--------- |
|
Shares in group undertakings |
Other investments other than loans |
Total |
|
£ |
£ |
£ |
|
Cost |
|||
At 1 April 2022 and 31 March 2023 |
|
|
|
------------ |
------------ |
------------ |
|
Impairment |
|||
At 1 April 2022 and 31 March 2023 |
– |
– |
– |
------------ |
------------ |
------------ |
|
Carrying amount |
|||
At 31 March 2023 |
|
|
|
------------ |
------------ |
------------ |
|
At 31 March 2022 |
|
|
|
------------ |
------------ |
------------ |
|
2023 |
2022 |
||
£ |
£ |
||
Alloy Wire International Limited |
11,004,596 |
7,218,946 |
|
2023 |
2022 |
||
£ |
£ |
||
Alloy Wire International Limited |
5,035,650 |
3,013,163 |
|
2023 |
2022 |
|
£ |
£ |
|
Accruals and deferred income |
|
|
Corporation tax |
|
|
Social security and other taxes |
|
|
Other creditors |
– |
|
-------- |
--------- |
|
|
|
|
-------- |
--------- |
|
2023 |
2022 |
|
£ |
£ |
|
Other creditors |
– |
|
---- |
--------- |
|
2023 |
2022 |
|||
No. |
£ |
No. |
£ |
|
|
|
64,624 |
|
72,707 |
-------- |
-------- |
-------- |
-------- |
|
2023 |
2022 |
|
£ |
£ |
|
Not later than 1 year |
|
|
Later than 1 year and not later than 5 years |
|
|
Later than 5 years |
|
|
--------- |
--------- |
|
|
|
|
--------- |
--------- |
|