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31/03/2023
2023-03-31
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No description of principal activities is disclosed
2022-04-01
Sage Accounts Production 21.0 - FRS102_2021
xbrli:pure
xbrli:shares
iso4217:GBP
05386244
2022-04-01
2023-03-31
05386244
2023-03-31
05386244
2022-03-31
05386244
2021-04-01
2022-03-31
05386244
2022-03-31
05386244
2021-03-31
05386244
core:PlantMachinery
2022-04-01
2023-03-31
05386244
core:FurnitureFittingsToolsEquipment
2022-04-01
2023-03-31
05386244
core:MotorVehicles
2022-04-01
2023-03-31
05386244
core:NetGoodwill
2022-04-01
2023-03-31
05386244
bus:RegisteredOffice
2022-04-01
2023-03-31
05386244
bus:LeadAgentIfApplicable
2022-04-01
2023-03-31
05386244
bus:Director2
2022-04-01
2023-03-31
05386244
bus:Director3
2022-04-01
2023-03-31
05386244
bus:CompanySecretary1
2022-04-01
2023-03-31
05386244
bus:Director1
2022-04-01
2023-03-31
05386244
core:NetGoodwill
2022-03-31
05386244
core:NetGoodwill
2023-03-31
05386244
core:IntangibleAssetsOtherThanGoodwill
2023-03-31
05386244
core:LandBuildings
core:OwnedOrFreeholdAssets
2022-03-31
05386244
core:PlantMachinery
2022-03-31
05386244
core:FurnitureFittingsToolsEquipment
2022-03-31
05386244
core:MotorVehicles
2022-03-31
05386244
core:LandBuildings
core:OwnedOrFreeholdAssets
2023-03-31
05386244
core:PlantMachinery
2023-03-31
05386244
core:FurnitureFittingsToolsEquipment
2023-03-31
05386244
core:MotorVehicles
2023-03-31
05386244
core:WithinOneYear
2023-03-31
05386244
core:WithinOneYear
2022-03-31
05386244
core:RetainedEarningsAccumulatedLosses
2021-04-01
2022-03-31
05386244
core:RetainedEarningsAccumulatedLosses
2022-04-01
2023-03-31
05386244
core:AfterOneYear
2023-03-31
05386244
core:AfterOneYear
2022-03-31
05386244
core:LandBuildings
core:OwnedOrFreeholdAssets
2022-04-01
2023-03-31
05386244
core:TreasurySharesOwnSharesReserve
2023-03-31
05386244
core:TreasurySharesOwnSharesReserve
2022-03-31
05386244
core:RetainedEarningsAccumulatedLosses
2023-03-31
05386244
core:RetainedEarningsAccumulatedLosses
2022-03-31
05386244
core:TreasurySharesOwnSharesReserve
2021-03-31
05386244
core:RetainedEarningsAccumulatedLosses
2021-03-31
05386244
core:FinancialAssetsAmortisedCost
2023-03-31
05386244
core:FinancialAssetsAmortisedCost
2022-03-31
05386244
core:FinancialLiabilitiesAmortisedCost
2023-03-31
05386244
core:FinancialLiabilitiesAmortisedCost
2022-03-31
05386244
core:IntangibleAssetsOtherThanGoodwill
2022-04-01
2023-03-31
05386244
core:NetGoodwill
2022-03-31
05386244
core:IntangibleAssetsOtherThanGoodwill
2022-03-31
05386244
core:CostValuation
core:Non-currentFinancialInstruments
2022-03-31
05386244
core:DisposalsRepaymentsInvestments
core:Non-currentFinancialInstruments
2023-03-31
05386244
core:Non-currentFinancialInstruments
2022-03-31
05386244
core:LandBuildings
core:OwnedOrFreeholdAssets
2022-03-31
05386244
core:PlantMachinery
2022-03-31
05386244
core:FurnitureFittingsToolsEquipment
2022-03-31
05386244
core:MotorVehicles
2022-03-31
05386244
bus:Director1
2022-03-31
05386244
bus:Director1
2023-03-31
05386244
bus:Director2
2022-03-31
05386244
bus:Director2
2023-03-31
05386244
bus:Director1
2022-03-31
05386244
bus:Director2
2021-03-31
05386244
bus:Director2
2022-03-31
05386244
bus:Director1
2021-04-01
2022-03-31
05386244
bus:Director2
2021-04-01
2022-03-31
05386244
bus:SmallEntities
2022-04-01
2023-03-31
05386244
bus:AuditExemptWithAccountantsReport
2022-04-01
2023-03-31
05386244
bus:FullAccounts
2022-04-01
2023-03-31
05386244
bus:SmallCompaniesRegimeForAccounts
2022-04-01
2023-03-31
05386244
bus:PrivateLimitedCompanyLtd
2022-04-01
2023-03-31
Company registration number:
05386244
Mount Lidden Limited
Trading as
Mount Lidden Limited
Unaudited filleted financial statements
31 March 2023
Mount Lidden Limited
Contents
Directors and other information
Accountant's report
Statement of financial position
Statement of changes in equity
Notes to the financial statements
Mount Lidden Limited
Directors and other information
|
|
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|
|
Directors |
|
|
|
|
Mr Alan Drew |
|
|
|
Miss Amy Smale |
|
|
|
|
|
|
|
|
|
|
Secretary |
Miss Amy Smale |
|
|
|
|
|
|
|
|
|
|
Company number |
05386244 |
|
|
|
|
|
|
|
|
|
|
Registered office |
Elm Cottage |
|
|
|
Trereife |
|
|
|
Penzance |
|
|
|
Cornwall |
|
|
|
TR20 8TJ |
|
|
|
|
|
|
|
|
|
|
Business address |
Elm Cottage |
|
|
|
Trereife |
|
|
|
Penzance |
|
|
|
Cornwall |
|
|
|
TR20 8TJ |
|
|
|
|
|
|
|
|
|
|
Accountant |
Mrs LT Way |
|
|
|
No.1 The Barn |
|
|
|
Lower Trembath |
|
|
|
Penzance |
|
|
|
Cornwall |
|
|
|
TR20 8TS |
|
|
|
|
|
Mount Lidden Limited
Report to the board of directors on the preparation of the
unaudited statutory financial statements of Mount Lidden Limited
Year ended 31 March 2023
In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the financial statements of Mount Lidden Limited for the year ended 31 March 2023 which comprise the statement of financial position, statement of changes in equity and related notes from the company's accounting records and from information and explanations you have given me.
As a practising member of The Association of Accounting Technicians in England and Wales (AAT) , I am subject to its ethical and other professional requirements which are detailed at www.aat.org.uk.
My work has been undertaken in accordance with the requirements of The Association of Accounting Technicians in England and Wales (AAT) as detailed at www.aat.org.uk
This report is made solely to the Board of your company, as a body, in accordance with the terms of our engagement letter. My work has been undertaken solely to prepare for your approval the accounts of your company and state those matters that we have agreed to state to them, as a body. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Mount Lidden Limited and its Board of Directors as a body for our work or for this report.It is your duty to ensure that Mount Lidden Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Mount Lidden Limited. You consider that Mount Lidden Limited is exempt from the statutory audit requirement for the year.We have not been instructed to carry out an audit or a review of the accounts of Mount Lidden Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Mrs LT Way
MCMI, MAAT
No.1 The Barn
Lower Trembath
Penzance
Cornwall
TR20 8TS
28 October 2023
Mount Lidden Limited
Statement of financial position
31 March 2023
|
|
|
2023 |
|
|
|
2022 |
|
|
|
|
Note |
£ |
|
£ |
|
£ |
|
£ |
|
|
|
|
|
|
|
|
|
|
Fixed assets |
|
|
|
|
|
|
|
|
|
Intangible assets |
|
5 |
375,316 |
|
|
|
390,062 |
|
|
Tangible assets |
|
6 |
652,852 |
|
|
|
608,084 |
|
|
Investments |
|
7 |
- |
|
|
|
233,587 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
|
|
1,028,168 |
|
|
|
1,231,733 |
|
|
|
|
|
|
|
|
|
|
Current assets |
|
|
|
|
|
|
|
|
|
Stocks |
|
|
275,624 |
|
|
|
261,696 |
|
|
Debtors |
|
8 |
309,199 |
|
|
|
132,997 |
|
|
Cash at bank and in hand |
|
|
87,006 |
|
|
|
56,138 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
671,829 |
|
|
|
450,831 |
|
|
Creditors: amounts falling due |
|
|
|
|
|
|
|
|
|
within one year |
|
9 |
(
383,517) |
|
|
|
(
447,988) |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
Net current assets |
|
|
|
|
288,312 |
|
|
|
2,843 |
|
|
|
|
|
_______ |
|
|
|
_______ |
Total assets less current liabilities |
|
|
|
|
1,316,480 |
|
|
|
1,234,576 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
_______ |
|
|
|
_______ |
Net assets |
|
|
|
|
1,316,480 |
|
|
|
1,234,576 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
|
|
|
|
|
Capital and reserves |
|
|
|
|
|
|
|
|
|
Reserve for own shares |
|
|
|
|
2 |
|
|
|
2 |
Profit and loss account |
|
|
|
|
1,316,478 |
|
|
|
1,234,574 |
|
|
|
|
|
_______ |
|
|
|
_______ |
Shareholders funds |
|
|
|
|
1,316,480 |
|
|
|
1,234,576 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
|
|
|
|
|
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
31 October 2023
, and are signed on behalf of the board by:
Miss Amy Smale
Director
Company registration number:
05386244
Mount Lidden Limited
Statement of changes in equity
Year ended 31 March 2023
|
|
|
Reserve for own shares |
|
Profit and loss account |
Total |
|
|
|
|
|
|
|
£ |
|
£ |
£ |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
At 1 April 2021 |
|
|
2 |
|
1,149,887 |
1,149,889 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Profit for the year |
|
|
|
|
84,687 |
84,687 |
|
|
|
|
|
|
|
_______ |
|
_______ |
_______ |
|
|
|
|
Total comprehensive income for the year |
|
|
- |
|
84,687 |
84,687 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
_______ |
|
_______ |
_______ |
|
|
|
|
At 31 March 2022 and 1 April 2022 |
|
|
2 |
|
1,234,581
|
1,234,583
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Profit for the year |
|
|
|
|
119,397 |
119,397 |
|
|
|
|
|
|
|
_______ |
|
_______ |
_______ |
|
|
|
|
Total comprehensive income for the year |
|
|
- |
|
119,397 |
119,397 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Dividends paid and payable |
|
|
|
|
(
37,500) |
(
37,500) |
|
|
|
|
|
|
|
_______ |
|
_______ |
_______ |
|
|
|
|
Total investments by and distributions to owners |
|
|
- |
|
(
37,500) |
(
37,500) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
_______ |
|
_______ |
_______ |
|
|
|
|
At 31 March 2023 |
|
|
2 |
|
1,316,478 |
1,316,480 |
|
|
|
|
|
|
|
_______ |
|
_______ |
_______ |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Mount Lidden Limited
Notes to the financial statements
Year ended 31 March 2023
1.
General information
The company is a private company limited by shares, registered in UK. The address of the registered office is Elm Cottage, Trereife, Penzance, Cornwall, TR20 8TJ.
2.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3.
Accounting policies
Basis of preparation of financial statements
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. Current or deferred taxation assets and liabilities are not discounted. Current tax is recognised at the amount of tax payable using the tax rates and laws that that have been enacted or substantively enacted by the balance sheet date.
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2015 & 2017, is being amortised evenly over its estimated useful life of ten years.
Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. Patents, licences and telephone numbers are being amortised evenly over their estimated useful life of nil years.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
|
|
|
Goodwill |
- |
Evenly over its useful life of 10 years |
Patents, Licences, Permits, Tele No.'s |
- |
0 % |
|
|
|
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
|
|
|
|
|
|
Freehold property |
- |
0 % |
|
|
Plant and machinery |
- |
15 % |
reducing balance |
|
Fittings fixtures and equipment |
- |
15 % |
reducing balance |
|
Motor vehicles |
- |
25 % |
reducing balance |
|
|
|
|
|
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Fixed asset investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Stocks
Work in progress is valued at the lower of cost and net realisable value. Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.
Government grants
Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received. Government grants are recognised using the accrual model and the performance model. Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable. Grants relating to assets are recognised in income on a systematic basis over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income and not deducted from the carrying amount of the asset. Under the performance model, where the grant does not impose specified future performance-related conditions on the recipient, it is recognised in income when the grant proceeds are received or receivable. Where the grant does impose specified future performance-related conditions on the recipient, it is recognised in income only when the performance-related conditions have been met. Where grants received are prior to satisfying the revenue recognition criteria, they are recognised as a liability.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.
Deferred Tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Dividend paid
There has been a dividend of £37500.00 to
Mr Alan Drew
. Mr Buckfield has waivered his rights to his dividend.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
10
(2022:
9
).
5.
Intangible assets
|
|
Goodwill |
Other intangible assets |
Total |
|
|
|
|
|
£ |
£ |
£ |
|
|
|
|
Cost |
|
|
|
|
|
|
|
At 1 April 2022 and 31 March 2023 |
147,459 |
335,825 |
483,284 |
|
|
|
|
|
_______ |
_______ |
_______ |
|
|
|
|
Amortisation |
|
|
|
|
|
|
|
At 1 April 2022 |
93,222 |
- |
93,222 |
|
|
|
|
Charge for the year |
14,746 |
- |
14,746 |
|
|
|
|
|
_______ |
_______ |
_______ |
|
|
|
|
At 31 March 2023 |
107,968 |
- |
107,968 |
|
|
|
|
|
_______ |
_______ |
_______ |
|
|
|
|
Carrying amount |
|
|
|
|
|
|
|
At 31 March 2023 |
39,491 |
335,825 |
375,316 |
|
|
|
|
|
_______ |
_______ |
_______ |
|
|
|
|
At 31 March 2022 |
54,237 |
335,825 |
390,062 |
|
|
|
|
|
_______ |
_______ |
_______ |
|
|
|
|
|
|
|
|
|
|
|
6.
Tangible assets
|
|
Freehold property |
Plant and machinery |
Fixtures, fittings and equipment |
Motor vehicles |
Total |
|
|
|
|
£ |
£ |
£ |
£ |
£ |
|
|
|
Cost |
|
|
|
|
|
|
|
|
At 1 April 2022 |
353,224 |
71,096 |
4,954 |
391,154 |
820,428 |
|
|
|
Additions |
- |
15,352 |
- |
187,550 |
202,902 |
|
|
|
Disposals |
- |
(
2,046) |
(
591) |
(
105,407) |
(
108,044) |
|
|
|
|
_______ |
_______ |
_______ |
_______ |
_______ |
|
|
|
At 31 March 2023 |
353,224 |
84,402 |
4,363 |
473,297 |
915,286 |
|
|
|
|
_______ |
_______ |
_______ |
_______ |
_______ |
|
|
|
Depreciation |
|
|
|
|
|
|
|
|
At 1 April 2022 |
- |
44,709 |
2,290 |
165,345 |
212,344 |
|
|
|
Charge for the year |
- |
6,107 |
336 |
87,704 |
94,147 |
|
|
|
Disposals |
- |
(
1,031) |
(
164) |
(
42,862) |
(
44,057) |
|
|
|
|
_______ |
_______ |
_______ |
_______ |
_______ |
|
|
|
At 31 March 2023 |
- |
49,785 |
2,462 |
210,187 |
262,434 |
|
|
|
|
_______ |
_______ |
_______ |
_______ |
_______ |
|
|
|
Carrying amount |
|
|
|
|
|
|
|
|
At 31 March 2023 |
353,224 |
34,617 |
1,901 |
263,110 |
652,852 |
|
|
|
|
_______ |
_______ |
_______ |
_______ |
_______ |
|
|
|
At 31 March 2022 |
353,224 |
26,387 |
2,664 |
225,809 |
608,084 |
|
|
|
|
_______ |
_______ |
_______ |
_______ |
_______ |
|
|
|
|
|
|
|
|
|
|
|
7.
Investments
|
|
Other loans |
Total |
|
|
|
|
|
|
£ |
£ |
|
|
|
|
|
Cost |
|
|
|
|
|
|
|
At 1 April 2022 |
233,587 |
233,587 |
|
|
|
|
|
Disposals |
(
233,587) |
(
233,587) |
|
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
At 31 March 2023 |
- |
- |
|
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
Impairment |
|
|
|
|
|
|
|
At 1 April 2022 and 31 March 2023 |
- |
- |
|
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
Carrying amount |
|
|
|
|
|
|
|
At 31 March 2023 |
- |
- |
|
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
At 31 March 2022 |
233,587 |
233,587 |
|
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
|
|
|
|
|
|
|
8.
Debtors
|
|
|
2023 |
2022 |
|
|
|
£ |
£ |
|
Trade debtors |
|
100,954 |
117,744 |
|
Other debtors |
|
208,245 |
15,253 |
|
|
|
_______ |
_______ |
|
|
|
309,199 |
132,997 |
|
|
|
_______ |
_______ |
|
|
|
|
|
The debtors above include the following amounts falling due after more than one year:
|
|
|
2023 |
2022 |
|
|
|
£ |
£ |
|
Trade debtors |
|
100,954 |
117,744 |
|
Other debtors |
|
17,815 |
15,253 |
|
|
|
_______ |
_______ |
|
|
|
118,769 |
132,997 |
|
|
|
_______ |
_______ |
|
|
|
|
|
9.
Creditors: amounts falling due within one year
|
|
|
2023 |
2022 |
|
|
|
£ |
£ |
|
Bank loans and overdrafts |
|
210,503 |
255,065 |
|
Trade creditors |
|
10,620 |
11,647 |
|
Corporation tax |
|
17,596 |
22,186 |
|
Social security and other taxes |
|
38,642 |
39,247 |
|
Other creditors |
|
106,156 |
119,843 |
|
|
|
_______ |
_______ |
|
|
|
383,517 |
447,988 |
|
|
|
_______ |
_______ |
|
|
|
|
|
10.
Financial instruments
The carrying amount for each category of financial instrument is as follows:
|
|
|
2023 |
2022 |
|
|
|
£ |
£ |
|
Financial assets that are debt instruments measured at amortised cost |
|
|
|
|
Trade debtors |
|
100,954 |
117,744 |
|
Other debtors |
|
3,613 |
3,331 |
|
Cash at bank and in hand |
|
87,007 |
56,138 |
|
|
|
_______ |
_______ |
|
|
|
191,574 |
177,213 |
|
|
|
_______ |
_______ |
|
|
|
|
|
|
Financial liabilities measured at amortised cost |
|
|
|
|
Bank and other loans |
|
210,503 |
255,065 |
|
Trade creditors |
|
10,620 |
11,647 |
|
Other creditors |
|
2,201 |
4,000 |
|
|
|
_______ |
_______ |
|
|
|
223,324 |
270,712 |
|
|
|
_______ |
_______ |
|
|
|
|
|
11.
Directors advances, credits and guarantees
|
During the year the directors entered into the following advances and credits with the company: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2023 |
|
|
|
|
|
|
|
|
|
Balance brought forward |
Advances /(credits) to the directors |
Amounts repaid |
Balance o/standing |
|
|
|
|
£ |
£ |
£ |
£ |
|
|
|
Mr Simon Buckfield |
(
100,000) |
- |
- |
(
100,000) |
|
|
|
Mr Alan Drew |
(
13,000) |
196,087 |
4,316 |
187,403 |
|
|
|
|
_______ |
_______ |
_______ |
_______ |
|
|
|
|
(
113,000) |
196,087 |
4,316 |
87,403 |
|
|
|
|
_______ |
_______ |
_______ |
_______ |
|
|
|
|
|
|
|
|
|
|
2022 |
|
|
|
|
|
|
|
|
|
Balance brought forward |
Advances /(credits) to the directors |
Amounts repaid |
Balance o/standing |
|
|
|
|
£ |
£ |
£ |
£ |
|
|
|
Mr Simon Buckfield |
- |
(
100,000) |
- |
(
100,000) |
|
|
|
Mr Alan Drew |
(
10,000) |
(
3,000) |
- |
(
13,000) |
|
|
|
|
_______ |
_______ |
_______ |
_______ |
|
|
|
|
(
10,000) |
(
103,000) |
- |
(
113,000) |
|
|
|
|
_______ |
_______ |
_______ |
_______ |
|
|
|
|
|
|
|
|
|
|