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Financial Statements |
Contents |
Page |
Strategic report |
1 |
Directors' report |
3 |
Independent auditor's report to the members |
5 |
Consolidated statement of comprehensive income |
9 |
Consolidated statement of financial position |
10 |
Company statement of financial position |
11 |
Consolidated statement of changes in equity |
12 |
Company statement of changes in equity |
13 |
Consolidated statement of cash flows |
14 |
Notes to the financial statements |
15 |
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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 |
Camburgh House |
27 New Dover Road |
Canterbury |
Kent |
CT1 3DN |
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Consolidated 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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------------- |
------------- |
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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 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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Consolidated Statement of Financial Position |
2023 |
2022 |
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Note |
£ |
£ |
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Intangible assets |
14 |
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Tangible assets |
15 |
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------------ |
--------- |
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Stocks |
17 |
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Debtors |
18 |
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Cash at bank and in hand |
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------------- |
------------- |
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Creditors: amounts falling due within one year |
19 |
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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 |
20 |
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– |
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Taxation including deferred tax |
22 |
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Net assets |
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------------- |
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Called up share capital |
26 |
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Profit and loss account |
27 |
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Shareholders funds |
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------------- |
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Director |
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Company Statement of Financial Position |
2023 |
2022 |
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Note |
£ |
£ |
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Investments |
16 |
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Debtors |
18 |
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Cash at bank and in hand |
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------------ |
------------ |
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Creditors: amounts falling due within one year |
19 |
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------------ |
------------ |
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Net current assets |
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------------ |
------------ |
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Total assets less current liabilities |
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------------ |
------------ |
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Net assets |
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------------ |
------------ |
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Called up share capital |
26 |
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Profit and loss account |
27 |
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------------ |
------------ |
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Shareholders funds |
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------------ |
------------ |
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Director |
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Consolidated Statement of Changes in Equity |
Called up share capital |
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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------- |
------------- |
------------- |
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Total comprehensive income for the year |
– |
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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 31 March 2022 |
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Profit for the year |
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------- |
------------- |
------------- |
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Total comprehensive income for the year |
– |
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Dividends paid and payable |
13 |
– |
(
|
(
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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 2023 |
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------- |
------------- |
------------- |
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Company Statement of Changes in Equity |
Called up share capital |
Profit and loss account |
Total |
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£ |
£ |
£ |
||
At 1 April 2021 |
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Profit for the year |
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------- |
------------ |
------------ |
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Total comprehensive income for the year |
– |
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Dividends paid and payable |
13 |
– |
(
|
(
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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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Loss for the year |
(
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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 |
13 |
– |
(
|
(
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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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Consolidated Statement of Cash Flows |
2023 |
2022 |
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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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Other interest receivable and similar income |
(
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(
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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 (loss)/profit |
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Accrued income |
(
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(
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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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(
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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 operating activities |
(
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(
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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 financing activities |
(
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(
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------------ |
------------ |
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Net decrease in cash and cash equivalents |
(
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(
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Cash and cash equivalents at beginning of year |
5,527,170 |
9,850,034 |
------------ |
------------ |
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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 |
Goodwill |
- |
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Land and buildings |
- |
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Plant and machinery |
- |
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Fixtures, fittings and equipment |
- |
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Motor vehicles |
- |
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2023 |
2022 |
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£ |
£ |
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Construction contracts |
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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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Gains on disposal of tangible assets |
(
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(
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Impairment of trade debtors |
55,152 |
(30,000) |
|
--------- |
--------- |
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2023 |
2022 |
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£ |
£ |
||
Fees payable for the audit of the financial statements |
|
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|
------- |
------- |
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Audit-related assurance services |
|
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Taxation advisory services |
– |
|
|
-------- |
-------- |
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13,215 |
16,185 |
||
-------- |
-------- |
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2023 |
2022 |
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No. |
No. |
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Production staff |
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Administrative staff |
|
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Management staff |
5 |
5 |
|
---- |
---- |
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---- |
---- |
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2023 |
2022 |
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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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£ |
£ |
||
Remuneration |
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Company contributions to defined contribution pension plans |
|
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--------- |
------------ |
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--------- |
------------ |
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2023 |
2022 |
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No. |
No. |
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Defined contribution plans |
|
– |
---- |
---- |
|
2023 |
2022 |
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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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2023 |
2022 |
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£ |
£ |
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Interest on cash and cash equivalents |
|
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|
-------- |
-------- |
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2023 |
2022 |
||
£ |
£ |
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Interest on banks loans and overdrafts |
|
– |
|
---- |
---- |
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2023 |
2022 |
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£ |
£ |
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UK current tax (income)/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 (loss)/profit |
|
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-------- |
--------- |
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2023 |
2022 |
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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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Effect of capital allowances and depreciation |
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Unused tax losses |
|
– |
|
Loss/(Profit) on dispoal of fixed assets |
(
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(
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--------- |
------------ |
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Tax on (loss)/profit |
|
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|
--------- |
------------ |
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2023 |
2022 |
|
£ |
£ |
|
Dividends on Ordinary shares |
|
|
--------- |
--------- |
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Group |
Goodwill |
Other intangible assets |
£ |
£ |
|
Cost |
||
At 1 April 2022 and 31 March 2023 |
|
– |
------------ |
---- |
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Amortisation |
||
At 1 April 2022 and 31 March 2023 |
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– |
------------ |
---- |
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Carrying amount |
||
At 1 April 2022 and 31 March 2023 |
|
– |
------------ |
---- |
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At 31 March 2022 |
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– |
------------ |
---- |
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Group |
Land and buildings |
Plant and machinery |
Fixtures, fittings and equipment |
Motor vehicles |
Total |
£ |
£ |
£ |
£ |
£ |
|
Cost |
|||||
At 1 April 2022 |
|
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Additions |
– |
|
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Disposals |
– |
– |
– |
(
|
(
|
--------- |
-------- |
--------- |
------------ |
------------ |
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At 31 March 2023 |
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--------- |
-------- |
--------- |
------------ |
------------ |
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Depreciation |
|||||
At 1 April 2022 |
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Charge for the year |
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Disposals |
– |
– |
– |
(
|
(
|
--------- |
-------- |
--------- |
------------ |
------------ |
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At 31 March 2023 |
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|
--------- |
-------- |
--------- |
------------ |
------------ |
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Carrying amount |
|||||
At 31 March 2023 |
|
|
|
|
|
--------- |
-------- |
--------- |
------------ |
------------ |
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At 31 March 2022 |
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|
--------- |
-------- |
--------- |
------------ |
------------ |
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Company |
Shares in group undertakings |
£ |
|
Cost |
|
At 1 April 2022 and 31 March 2023 |
|
------- |
|
Impairment |
|
At 1 April 2022 and 31 March 2023 |
– |
------- |
|
Carrying amount |
|
At 1 April 2022 and 31 March 2023 |
|
------- |
|
At 31 March 2022 |
|
------- |
|
Class of share |
Percentage of shares held |
|
Subsidiary undertakings |
||
|
Ordinary |
100 |
A Ordinary |
100 |
|
|
Ordinary |
100 |
Group |
Company |
|||
2023 |
2022 |
2023 |
2022 |
|
£ |
£ |
£ |
£ |
|
Raw materials and consumables |
|
|
– |
– |
Work in progress |
|
|
– |
– |
------------ |
------------ |
---- |
---- |
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– |
– |
|
------------ |
------------ |
---- |
---- |
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Group |
Company |
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2023 |
2022 |
2023 |
2022 |
|
£ |
£ |
£ |
£ |
|
Trade debtors |
|
|
– |
– |
Amounts owed by group undertakings |
– |
– |
|
– |
Prepayments and accrued income |
|
|
– |
– |
Corporation tax repayable |
|
– |
|
– |
Contract retentions |
|
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– |
– |
Other debtors |
|
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|
------------ |
------------ |
------------ |
------------ |
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------------ |
------------ |
------------ |
------------ |
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Group |
Company |
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2023 |
2022 |
2023 |
2022 |
|
£ |
£ |
£ |
£ |
|
Trade creditors |
|
|
– |
– |
Accruals and deferred income |
|
|
|
|
Corporation tax |
– |
|
– |
|
Social security and other taxes |
|
|
– |
– |
Obligations under finance leases and hire purchase contracts |
|
– |
– |
– |
Director loan accounts |
|
|
|
|
Other creditors |
|
|
– |
(
|
------------ |
------------- |
-------- |
-------- |
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|
------------ |
------------- |
-------- |
-------- |
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Group |
Company |
|||
2023 |
2022 |
2023 |
2022 |
|
£ |
£ |
£ |
£ |
|
Obligations under finance leases and hire purchase contracts |
|
– |
– |
– |
-------- |
---- |
---- |
---- |
|
Group |
Company |
|||
2023 |
2022 |
2023 |
2022 |
|
£ |
£ |
£ |
£ |
|
Not later than 1 year |
|
– |
– |
– |
Later than 1 year and not later than 5 years |
|
– |
– |
– |
--------- |
---- |
---- |
---- |
|
|
– |
– |
– |
|
--------- |
---- |
---- |
---- |
|
Group |
Deferred tax (note 23) |
£ |
|
At 1 April 2022 |
|
Additions |
|
--------- |
|
At 31 March 2023 |
|
--------- |
|
Group |
Company |
|||
2023 |
2022 |
2023 |
2022 |
|
£ |
£ |
£ |
£ |
|
Included in provisions (note 22) |
|
|
– |
– |
--------- |
-------- |
---- |
---- |
|
Group |
Company |
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2023 |
2022 |
2023 |
2022 |
|
£ |
£ |
£ |
£ |
|
Accelerated capital allowances |
|
|
– |
– |
--------- |
-------- |
---- |
---- |
|
Group |
Company |
|||
2023 |
2022 |
2023 |
2022 |
|
£ |
£ |
£ |
£ |
|
Government grants recognised directly in income |
– |
|
– |
– |
---- |
---- |
---- |
---- |
|
2023 |
2022 |
|||
No. |
£ |
No. |
£ |
|
|
|
1 |
|
1 |
|
|
999 |
|
999 |
------- |
------- |
------- |
------- |
|
|
1,000 |
|
1,000 |
|
------- |
------- |
------- |
------- |
|
At 1 Apr 2022 |
Cash flows |
At 31 Mar 2023 |
|
£ |
£ |
£ |
|
Cash at bank and in hand |
|
(3,239,104) |
|
Debt due within one year |
(19,118) |
(65,460) |
(84,578) |
Debt due after one year |
– |
(60,984) |
(60,984) |
------------ |
------------ |
------------ |
|
|
(
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|
|
------------ |
------------ |
------------ |
|
|
Notes to the Financial Statements (continued) |
Group |
Company |
|||
2023 |
2022 |
2023 |
2022 |
|
£ |
£ |
£ |
£ |
|
Not later than 1 year |
|
|
– |
– |
Later than 1 year and not later than 5 years |
|
|
– |
– |
-------- |
--------- |
---- |
---- |
|
|
|
– |
– |
|
-------- |
--------- |
---- |
---- |
|