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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 comprehensive income |
9 |
Statement of financial position |
10 |
Statement of changes in equity |
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 accountants & statutory auditor |
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46 Syon Lane |
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Osterley |
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Middlesex |
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TW7 5NQ |
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Bankers |
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Western Avenue |
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Chatham Maritime |
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Chatham |
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Kent |
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ME4 4RT |
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Strategic Report |
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Director |
Registered office: |
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Directors' Report |
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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 |
46 Syon Lane |
Osterley |
Middlesex |
TW7 5NQ |
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Statement of Comprehensive Income |
Period from |
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1 May 21 to |
Year to |
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31 Oct 22 |
30 Apr 21 |
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Note |
£ |
£ |
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Turnover |
4 |
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Cost of sales |
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-------------- |
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Gross profit |
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Administrative expenses |
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Other operating income |
5 |
– |
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------------- |
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Operating (loss)/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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Profit before taxation |
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Tax on profit |
12 |
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--------- |
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Profit for the financial period and total comprehensive income |
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--------- |
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Statement of Financial Position |
31 Oct 22 |
30 Apr 21 |
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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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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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Provisions |
– |
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Net assets |
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Called up share capital |
21 |
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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 Changes in Equity |
Called up share capital |
Profit and loss account |
Total |
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£ |
£ |
£ |
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At 1 May 2020 |
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Profit for the period |
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---- |
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Total comprehensive income for the period |
– |
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Dividends paid and payable |
13 |
– |
(
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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 30 April 2021 |
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Profit for the period |
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---- |
------------- |
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Total comprehensive income for the period |
– |
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---- |
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At 31 October 2022 |
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---- |
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Statement of Cash Flows |
31 Oct 22 |
30 Apr 21 |
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£ |
£ |
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Profit for the financial period |
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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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Other interest receivable and similar income |
(
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(
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Interest payable and similar expenses |
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Loss on disposal of tangible assets |
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– |
Tax on profit |
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Accrued (income)/expenses |
(
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Changes in: |
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Stocks |
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(
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Trade and other debtors |
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(
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Trade and other creditors |
(
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------------ |
------------- |
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Cash generated from operations |
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Interest paid |
(
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(
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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 from/(used in) investing activities |
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(
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------------ |
------------- |
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Government grant income |
– |
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Dividends paid |
– |
(
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Amounts withdrawn by directors |
(
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– |
------------- |
------------- |
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Net cash used in 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 period |
14,297,569 |
3,614,894 |
------------- |
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Cash and cash equivalents at end of period |
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Notes to the Financial Statements |
Improvement to leasehold property |
- |
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Plant and machinery |
- |
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Motor vehicles |
- |
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Period from |
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1 May 21 to |
Year to |
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31 Oct 22 |
30 Apr 21 |
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£ |
£ |
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Sale of goods |
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Commissions |
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------------- |
-------------- |
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-------------- |
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Period from |
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1 May 21 to |
Year to |
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31 Oct 22 |
30 Apr 21 |
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£ |
£ |
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Government grant income |
– |
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---- |
-------- |
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Period from |
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1 May 21 to |
Year to |
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31 Oct 22 |
30 Apr 21 |
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£ |
£ |
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Depreciation of tangible assets |
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Loss on disposal of tangible assets |
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– |
Foreign exchange differences |
|
(
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--------- |
-------- |
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Period from |
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1 May 21 to |
Year to |
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31 Oct 22 |
30 Apr 21 |
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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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31 Oct 22 |
30 Apr 21 |
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No. |
No. |
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Distribution staff |
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Administrative staff |
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---- |
---- |
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---- |
---- |
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Period from |
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1 May 21 to |
Year to |
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31 Oct 22 |
30 Apr 21 |
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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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Period from |
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1 May 21 to |
Year to |
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31 Oct 22 |
30 Apr 21 |
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£ |
£ |
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Remuneration |
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--------- |
--------- |
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Period from |
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1 May 21 to |
Year to |
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31 Oct 22 |
30 Apr 21 |
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£ |
£ |
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Aggregate remuneration |
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--------- |
--------- |
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Period from |
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1 May 21 to |
Year to |
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31 Oct 22 |
30 Apr 21 |
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£ |
£ |
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Interest on cash and cash equivalents |
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--------- |
------- |
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Period from |
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1 May 21 to |
Year to |
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31 Oct 22 |
30 Apr 21 |
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£ |
£ |
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Interest on banks loans and overdrafts |
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---- |
---- |
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Period from |
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1 May 21 to |
Year to |
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31 Oct 22 |
30 Apr 21 |
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£ |
£ |
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UK current tax expense |
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Adjustments in respect of prior periods |
(
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– |
-------- |
------------ |
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Total current tax |
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-------- |
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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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Period from |
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1 May 21 to |
Year to |
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31 Oct 22 |
30 Apr 21 |
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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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Adjustment to tax charge in respect of prior periods |
(
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– |
Effect of expenses not deductible for tax purposes |
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(
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Effect of capital allowances and depreciation |
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(
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--------- |
------------- |
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Tax on profit |
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--------- |
------------- |
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31 Oct 22 |
30 Apr 21 |
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£ |
£ |
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Dividends paid during the period (excluding those for which a liability existed at the end of the prior period ) |
– |
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---- |
------------ |
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Short leasehold property |
Plant and machinery |
Motor vehicles |
Total |
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£ |
£ |
£ |
£ |
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Cost |
||||
At 1 May 2021 |
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Additions |
– |
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– |
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Disposals |
(
|
(
|
(
|
(
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-------- |
--------- |
--------- |
--------- |
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At 31 October 2022 |
– |
– |
– |
– |
-------- |
--------- |
--------- |
--------- |
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Depreciation |
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At 1 May 2021 |
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Charge for the period |
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Disposals |
(
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(
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(
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(
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-------- |
--------- |
--------- |
--------- |
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At 31 October 2022 |
– |
– |
– |
– |
-------- |
--------- |
--------- |
--------- |
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Carrying amount |
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At 31 October 2022 |
– |
– |
– |
– |
-------- |
--------- |
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--------- |
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At 30 April 2021 |
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-------- |
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--------- |
--------- |
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31 Oct 22 |
30 Apr 21 |
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£ |
£ |
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Goods for resale |
– |
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---- |
------------ |
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31 Oct 22 |
30 Apr 21 |
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£ |
£ |
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Trade debtors |
– |
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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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31 Oct 22 |
30 Apr 21 |
|
£ |
£ |
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Trade creditors |
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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 |
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------------ |
------------ |
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------------ |
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31 Oct 22 |
30 Apr 21 |
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£ |
£ |
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Included in provisions |
– |
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---- |
-------- |
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31 Oct 22 |
30 Apr 21 |
|
£ |
£ |
|
Accelerated capital allowances |
– |
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---- |
-------- |
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31 Oct 22 |
30 Apr 21 |
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£ |
£ |
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Government grants recognised directly in income |
– |
|
---- |
-------- |
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31 Oct 22 |
30 Apr 21 |
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No. |
£ |
No. |
£ |
|
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|
100 |
|
100 |
---- |
---- |
---- |
---- |
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At 1 May 2021 |
Cash flows |
At 31 Oct 2022 |
|
£ |
£ |
£ |
|
Cash at bank and in hand |
|
(10,570,257) |
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------------- |
------------- |
------------ |
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Notes to the Financial Statements (continued) |
31 Oct 22 |
30 Apr 21 |
|
£ |
£ |
|
Later than 1 year and not later than 5 years |
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--------- |
------------ |
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