Director
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Director
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30 September 2023
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Appointed |
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Appointed |
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Appointed |
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Director
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Director
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for and on behalf of
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2023 | 2022 | |||
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Notes | £ | £ | ||
TURNOVER |
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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 |
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OPERATING PROFIT | 4 |
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Other interest receivable and similar income | 9 |
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Interest payable and similar charges | 10 |
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PROFIT BEFORE TAXATION |
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Tax on Profit | 11 |
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PROFIT AFTER TAXATION BEING PROFIT FOR THE FINANCIAL YEAR |
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2023 | 2022 | |||
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£ | £ | |||
PROFIT FOR THE FINANCIAL YEAR |
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OTHER COMPREHENSIVE INCOME FOR THE YEAR | - | - | ||
TOTAL COMPREHENSIVE INCOME FOR THE YEAR |
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2023 | 2022 | ||||
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Notes | £ | £ | £ | £ | |
FIXED ASSETS | |||||
Tangible Assets | 13 |
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CURRENT ASSETS | |||||
Debtors | 14 |
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Investments | 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 (LIABILITIES) |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
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PROVISIONS FOR LIABILITIES | |||||
Deferred Taxation | 17 |
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NET ASSETS |
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CAPITAL AND RESERVES | |||||
Called up share capital | 19 |
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Profit and Loss Account |
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SHAREHOLDERS' FUNDS | 7,118,270 | 6,072,503 | |||
Director
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Director
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Share Capital | Profit and Loss Account | Total | |
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£ | £ | £ | |
As at 1 June 2021 |
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5,471,909 |
Profit for the year and total comprehensive income | - |
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643,574 |
Dividends paid | - | (42,980) | (42,980) |
As at 31 May 2022 and 1 June 2022 |
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6,072,503 |
Profit for the year and total comprehensive income | - |
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1,079,787 |
Dividends paid | - | (34,020) | (34,020) |
As at
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7,118,270 |
2023 | 2022 | |||
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Notes | £ | £ | ||
Cash flows from operating activities | ||||
Net cash generated from operations | 1 |
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Interest paid |
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Tax (paid)/refunded |
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Net cash generated from operating activities |
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Cash flows from investing activities | ||||
Purchase of tangible assets |
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Proceeds from disposal of current asset investments |
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Grants received |
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Interest received |
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Net cash used in investing activities |
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Cash flows from financing activities | ||||
Equity dividends paid |
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Amount introduced by directors | - | 23,480 | ||
Amount withdrawn by directors | (5,592) | - | ||
Net cash used in financing activities |
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Increase in cash and cash equivalents |
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Cash and cash equivalents at beginning of year | 2 | 3,638,262 | 3,095,797 | |
Foreign exchange gains/(losses) on cash and cash equivalents |
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Cash and cash equivalents at end of year | 2 |
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2023 | 2022 | ||
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£ | £ | ||
Profit for the financial year |
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Adjustments for: | |||
Tax on profit |
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Interest expense |
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Interest income |
( |
( |
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Depreciation of tangible assets |
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Grant income | - | (4,648) | |
Foreign exchange (gains)/losses | (153,330) | 28,761 | |
Movements in working capital: | |||
Increase in trade and other debtors |
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Increase in trade and other creditors |
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Net cash generated from operations |
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2023 | 2022 | ||
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£ | £ | ||
Cash at bank and in hand |
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Overdraft facilities repayable on demand |
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Cash and cash equivalents as stated in the Statement of Cash Flows | 4,573,213 | 3,638,262 | |
As at
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Cash flows | Fair value and foreign exchange movements | As at
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£ | £ | £ | £ | |
Cash at bank and in hand |
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768,424 | 153,331 |
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Overdraft facilities repayable on demand | (13,196) | 13,196 | - | - |
Cash and cash equivalents |
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781,620 | 153,331 |
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Fixtures & Fittings |
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2023 | 2022 | ||
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£ | £ | ||
Grant income |
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Other operating income |
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568,317 | 201,270 | ||
2023 | 2022 | ||
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£ | £ | ||
Bad debts | (26) | 273 | |
Research and Development Costs |
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Depreciation of tangible fixed assets |
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2023 | 2022 | ||
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£ | £ | ||
Audit Services | |||
Audit of the company's financial statements |
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Non-Audit Services | |||
Taxation compliance service |
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Other non-audit services |
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3,250 | 3,250 | ||
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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2023 | 2022 | ||
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Production staff |
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2023 | 2022 | ||
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£ | £ | ||
Emoluments |
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Company contributions to money purchase pension schemes |
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2023 | 2022 | ||
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£ | £ | ||
Bank interest receivable |
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1,066 | 1,009 | ||
2023 | 2022 | ||
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£ | £ | ||
Other finance charges |
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- | 2,274 | ||
The tax charge on the profit for the year was as follows:
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Tax Rate | 2023 | 2022 | |||
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2023 | 2022 | £ | £ | ||
Current tax | |||||
UK Corporation Tax | 20.0% | 19.0% |
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Deferred Tax | |||||
Deferred taxation |
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Total tax charge for the period |
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The actual charge for the year can be reconciled to the expected charge for the year based on the profit and the standard rate of corporation tax as follows:
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2023 | 2022 | ||||
£ | £ | ||||
Profit before tax | 1,350,770 | 791,135 | |||
Tax on profit at 20% (UK standard rate) |
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Goodwill/depreciation not allowed for tax |
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Expenses not deductible for tax purposes |
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Capital allowances |
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Short term timing differences |
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Difference in tax rates |
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Deferred tax from unrecognised tax loss or credit |
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Total tax charge for the period | 270,983 | 147,561 | |||
Goodwill | |||
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£ | |||
Cost | |||
As at
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As at
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Amortisation | |||
As at
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As at
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Net Book Value | |||
As at
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As at
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Fixtures & Fittings | |
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£ | |
Cost | |
As at
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Additions |
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As at
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Depreciation | |
As at
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Provided during the period |
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As at
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Net Book Value | |
As at
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As at
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2023 | 2022 | ||
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£ | £ | ||
Due within one year | |||
Trade debtors |
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Amounts recoverable on contracts |
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Prepayments and accrued income |
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Other debtors |
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Deposits |
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Loan to Tjarks & Tjarks Australia |
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VAT |
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Amounts owed by other participating interests | 1,859,167 | 1,452,088 | |
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2023 | 2022 | ||
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£ | £ | ||
Shares in subsidiaries |
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2023 | 2022 | ||
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£ | £ | ||
Trade creditors |
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Bank loans and overdrafts |
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Other creditors | 40,308 | 23,480 | |
Corporation tax |
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Taxation and social security | 83,436 | - | |
Accruals and deferred income |
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2023 | 2022 | ||
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£ | £ | ||
Other timing differences | 16,117 | 10,796 | |
Deferred Tax | Total | |
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£ | £ | |
As at
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10,796 |
Additions |
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5,321 |
Balance at
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16,117 |
2023 | 2022 | ||
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£ | £ | ||
On equity shares: | |||
Interim dividend paid |
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Final dividend paid |
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34,020 | 42,980 | ||