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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 |
Income statement |
10 |
Statement of financial position |
11 |
Statement of changes in equity |
12 |
Statement of cash flows |
13 |
Notes to the financial statements |
14 |
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Officers and Professional Advisers |
The board of directors |
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Registered office |
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England |
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Auditor |
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Chartered accountants & statutory auditor |
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Second Floor, Riverside Offices |
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26 St George's Quay |
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Lancaster |
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LA1 1RD |
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Bankers |
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1 Merchant's Drive |
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Parkhouse |
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Carlisle |
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Cumbria |
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CA3 0JW |
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Strategic Report |
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Director |
Registered office: |
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England |
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Directors' Report |
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Director |
Registered office: |
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England |
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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 |
Second Floor, Riverside Offices |
26 St George's Quay |
Lancaster |
LA1 1RD |
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Income Statement |
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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Operating profit |
5 |
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Other interest receivable and similar income |
8 |
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Profit before taxation |
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Tax on profit |
9 |
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--------- |
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Profit for the financial year |
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--------- |
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Statement of Financial Position |
2023 |
2022 |
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Note |
£ |
£ |
Tangible assets |
11 |
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Investments |
12 |
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--------- |
-------- |
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Debtors |
13 |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
14 |
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Net current assets |
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Total assets less current liabilities |
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Provisions |
15 |
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Net assets |
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Called up share capital |
18 |
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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 November 2021 |
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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 |
10 |
– |
(
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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 October 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 |
10 |
– |
(
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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 October 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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Other interest receivable and similar income |
(
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(
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Loss/(gains) on disposal of tangible assets |
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(
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Tax on profit |
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Accrued 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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(
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Provisions and employee benefits |
(
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– |
--------- |
--------- |
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Cash generated from operations |
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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 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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Purchases of other investments |
(
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(
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Proceeds from sale of other investments |
1,957 |
17,425 |
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Net cash (used in)/from investing activities |
(
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--------- |
--------- |
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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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Net increase in cash and cash equivalents |
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Cash and cash equivalents at beginning of year |
1,115,750 |
957,949 |
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Cash and cash equivalents at end of year |
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Notes to the Financial Statements |
Fixtures and fittings |
- |
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Motor vehicles |
- |
25% / 18% Straight Line
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2023 |
2022 |
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£ |
£ |
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Rendering of services |
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2023 |
2022 |
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£ |
£ |
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Depreciation of tangible assets |
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Loss/(gains) on disposal of tangible assets |
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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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--------- |
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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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UK current tax expense |
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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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2023 |
2022 |
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£ |
£ |
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Profit on ordinary activities before taxation |
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Profit on ordinary activities by rate of tax |
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Effect of capital allowances and depreciation |
(
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Deferred taxation - origination and reversal of timing differences |
6,973 |
– |
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Tax on profit |
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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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Fixtures and fittings |
Motor vehicles |
Total |
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£ |
£ |
£ |
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Cost |
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At 1 November 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 October 2023 |
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------- |
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Depreciation |
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At 1 November 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 October 2023 |
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------- |
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Carrying amount |
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At 31 October 2023 |
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------- |
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At 31 October 2022 |
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------- |
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Other investments other than loans |
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£ |
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Cost |
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At 1 November 2022 |
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Additions |
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Disposals |
(
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-------- |
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At 31 October 2023 |
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-------- |
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Impairment |
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At 1 November 2022 and 31 October 2023 |
– |
-------- |
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Carrying amount |
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At 31 October 2023 |
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At 31 October 2022 |
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2023 |
2022 |
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£ |
£ |
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Trade debtors |
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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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--------- |
--------- |
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Deferred tax (note 16) |
Other provisions |
Total |
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£ |
£ |
£ |
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At 1 November 2022 |
– |
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Additions |
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– |
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Charge against provision |
– |
(
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(
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------- |
---- |
------- |
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At 31 October 2023 |
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– |
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------- |
---- |
------- |
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2023 |
2022 |
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£ |
£ |
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Included in provisions (note 15) |
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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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No. |
£ |
No. |
£ |
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20,000 |
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20,000 |
-------- |
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At 1 Nov 2022 |
Cash flows |
At 31 Oct 2023 |
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£ |
£ |
£ |
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Cash at bank and in hand |
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60,346 |
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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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