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FOR THE YEAR ENDED |
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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 |
Statement of cash flows |
12 |
Notes to the financial statements |
13 to 21 |
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OFFICERS AND PROFESSIONAL ADVISERS |
The board of directors |
J A Barnes
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Registered office |
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Auditor |
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Chartered Certified Accountants & statutory auditor |
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Numeric House |
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98 Station Road |
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Sidcup |
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Kent |
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DA15 7BY |
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Bankers |
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65 Eltham High Street |
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London |
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SE9 1TE |
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STRATEGIC REPORT |
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DIRECTORS' REPORT |
J A Barnes
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(Resigned
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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 Certified Accountants & statutory auditor |
Numeric House |
98 Station Road |
Sidcup |
Kent |
DA15 7BY |
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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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Administrative expenses |
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Other operating income |
5 |
– |
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Operating profit |
6 |
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Interest receivable |
10 |
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Interest payable |
11 |
– |
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Profit before taxation |
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Taxation on ordinary activities |
12 |
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Profit for the financial year and total comprehensive income |
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STATEMENT OF FINANCIAL POSITION |
2023 |
2022 |
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Note |
£ |
£ |
£ |
Tangible assets |
14 |
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Debtors |
15 |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
16 |
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Net current assets |
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Total assets less current liabilities |
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Taxation including deferred tax |
17 |
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Net assets |
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Called up share capital |
21 |
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Capital redemption reserve |
22 |
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Profit and loss account |
22 |
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Shareholders funds |
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STATEMENT OF CHANGES IN EQUITY |
Called up share capital |
Capital redemption reserve |
Profit and loss account |
Total |
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£ |
£ |
£ |
£ |
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At 1 August 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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At 31 July 2022 |
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Profit for the year |
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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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---- |
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At 31 July 2023 |
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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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Interest receivable |
(
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(
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Interest payable |
– |
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Gains on disposal of tangible assets |
(
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– |
Taxation on ordinary activities |
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Accrued expenses/(income) |
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(
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Changes in: |
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Trade and other debtors |
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Trade and other creditors |
(
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Cash generated from operations |
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Interest paid |
– |
(
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Interest received |
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Tax paid |
(
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– |
---------- |
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Net cash from operating activities |
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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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Repayments of borrowings |
– |
(
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Government grant income |
– |
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Dividends paid |
(
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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 year |
1,896,228 |
685,854 |
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Cash and cash equivalents at end of year |
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NOTES TO THE FINANCIAL STATEMENTS |
Plant & Machinery |
- |
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Fixture & Fittings |
- |
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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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– |
Impairment of trade debtors |
755,681 |
143,279 |
Research and development expenditure written off |
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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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Other non-audit services |
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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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Administrative staff |
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Management staff |
8 |
8 |
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---- |
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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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2023 |
2022 |
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£ |
£ |
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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 |
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---- |
---- |
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2023 |
2022 |
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£ |
£ |
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Aggregate remuneration |
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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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£ |
£ |
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Interest on banks loans and overdrafts |
– |
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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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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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-------- |
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Taxation on ordinary activities |
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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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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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Other tax adjustment to decrease tax liability |
(
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(
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Effect of group relief claim |
(
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(
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Effect of deferred taxation charge |
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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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Dividends paid during the year (excluding those for which a liability existed at the end of the prior year ) |
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– |
Dividends proposed before the year end and recognised as a liability |
87,500 |
– |
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Fixtures and fittings |
Motor vehicles |
Total |
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£ |
£ |
£ |
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Cost |
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At 1 August 2022 |
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Additions |
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Disposals |
– |
(
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(
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-------- |
---------- |
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At 31 July 2023 |
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-------- |
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Depreciation |
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At 1 August 2022 |
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Charge for the year |
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Disposals |
– |
(
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(
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-------- |
---------- |
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At 31 July 2023 |
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-------- |
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Carrying amount |
|||
At 31 July 2023 |
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-------- |
---------- |
---------- |
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At 31 July 2022 |
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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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Corporation tax repayable |
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– |
Amounts recoverable on contracts |
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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 debtors |
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Amounts recoverable on contracts |
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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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Accruals and deferred income |
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Corporation tax |
– |
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Social security and other taxes |
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Dividends payable |
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– |
Other creditors |
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------------ |
-------------- |
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Deferred tax (note 18) |
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£ |
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At 1 August 2022 |
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Additions |
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------- |
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At 31 July 2023 |
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------- |
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2023 |
2022 |
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£ |
£ |
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Included in provisions (note 17) |
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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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------- |
------- |
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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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100 |
100 |
100 |
100 |
---- |
---- |
---- |
---- |
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2023 |
2022 |
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No. |
£ |
No. |
£ |
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35 |
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35 |
---- |
---- |
---- |
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At 1 Aug 2022 |
Cash flows |
At 31 Jul 2023 |
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£ |
£ |
£ |
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Cash at bank and in hand |
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(2,191) |
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------------ |
------- |
------------ |
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2023 |
2022 |
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£ |
£ |
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Not later than 1 year |
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Later than 1 year and not later than 5 years |
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---------- |
---------- |
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---------- |
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