Financial KPIs
|
2023
|
2022
|
|
£
|
£
|
||
Sales
|
25,112
|
24,987
|
|
Gross Profit
|
7,761
|
8,338
|
|
Gross Profit %
|
31%
|
33%
|
Director
|
28 December 2023
|
|
Director
|
|
for and on behalf of
|
|
2023 | 2022 | |||
---|---|---|---|---|
Notes | £ | £ | ||
TURNOVER | 3 |
|
|
|
Cost of sales |
( |
( |
||
GROSS PROFIT |
|
|
||
Administrative expenses |
( |
( |
||
Other operating income |
|
|
||
OPERATING PROFIT | 5 |
|
|
|
Interest payable and similar charges | 10 |
( |
( |
|
PROFIT BEFORE TAXATION |
|
|
||
Tax on Profit | 11 |
( |
( |
|
PROFIT AFTER TAXATION BEING PROFIT FOR THE FINANCIAL YEAR |
|
|
||
2023 | 2022 | |||
---|---|---|---|---|
£ | £ | |||
PROFIT FOR THE FINANCIAL YEAR |
|
|
||
OTHER COMPREHENSIVE INCOME FOR THE YEAR | - | - | ||
TOTAL COMPREHENSIVE INCOME FOR THE YEAR |
|
|
||
2023 | 2022 | ||||
---|---|---|---|---|---|
Notes | £ | £ | £ | £ | |
FIXED ASSETS | |||||
Tangible Assets | 13 |
|
|
||
|
|
||||
CURRENT ASSETS | |||||
Stocks | 14 |
|
|
||
Debtors | 15 |
|
|
||
Cash at bank and in hand |
|
|
|||
|
|
||||
Creditors: Amounts Falling Due Within One Year | 16 |
( |
( |
||
NET CURRENT ASSETS (LIABILITIES) |
|
( |
|||
TOTAL ASSETS LESS CURRENT LIABILITIES |
|
|
|||
Creditors: Amounts Falling Due After More Than One Year | 17 |
( |
( |
||
PROVISIONS FOR LIABILITIES | |||||
Deferred Taxation | 20 |
( |
( |
||
NET ASSETS |
|
|
|||
CAPITAL AND RESERVES | |||||
Called up share capital | 22 |
|
|
||
Revaluation reserve |
|
|
|||
Profit and Loss Account |
|
|
|||
SHAREHOLDERS' FUNDS | 6,154,388 | 5,214,991 | |||
Director
|
|
Share Capital | Revaluation reserve | Profit and Loss Account | Total | |
---|---|---|---|---|
£ | £ | £ | £ | |
As at 1 April 2021 |
|
|
|
4,651,208 |
Profit for the year and total comprehensive income | - | - |
|
663,783 |
Dividends paid | - | - | (100,000) | (100,000) |
As at 31 March 2022 and 1 April 2022 |
|
|
|
5,214,991 |
Profit for the year and total comprehensive income | - | - |
|
1,038,394 |
Dividends paid | - | - | (100,000) | (100,000) |
As at
|
|
|
|
6,154,388 |
2023 | 2022 | |||
---|---|---|---|---|
Notes | £ | £ | ||
Cash flows from operating activities | ||||
Net cash generated from operations | 1 |
|
|
|
Interest paid |
( |
( |
||
Tax paid |
( |
|
||
Net cash generated from operating activities |
|
|
||
Cash flows from investing activities | ||||
Purchase of tangible assets |
( |
( |
||
Ordinary Shares issued | 1,002 | - | ||
Net cash used in investing activities |
( |
( |
||
Cash flows from financing activities | ||||
Equity dividends paid |
( |
( |
||
Proceeds from new bank borrowings |
|
|
||
Repayment of other loans | - | (475,000) | ||
Repayment of finance leases |
( |
|
||
Amount withdrawn by directors | (6,291) | (60,365) | ||
Net cash generated from financing activities |
|
|
||
Increase/(decrease) in cash and cash equivalents |
|
( |
||
Cash and cash equivalents at beginning of year | 2 | (1,780,870) | 808,924 | |
Cash and cash equivalents at end of year | 2 |
|
( |
|
2023 | 2022 | ||
---|---|---|---|
£ | £ | ||
Profit for the financial year |
|
|
|
Adjustments for: | |||
Tax on profit |
|
|
|
Interest expense |
|
|
|
Depreciation of tangible assets |
|
|
|
Movements in working capital: | |||
Decrease/(increase) in stocks |
|
( |
|
Decrease in trade and other debtors |
|
|
|
Increase/(decrease) in trade and other creditors |
|
( |
|
Net cash generated from operations |
|
|
|
2023 | 2022 | ||
---|---|---|---|
£ | £ | ||
Cash at bank and in hand |
|
|
|
Overdraft facilities repayable on demand |
( |
( |
|
Cash and cash equivalents as stated in the Statement of Cash Flows | 52,969 | (1,780,870) | |
As at
|
Cash flows | As at
|
|
---|---|---|---|
£ | £ | £ | |
Cash at bank and in hand |
|
(274,305) |
|
Overdraft facilities repayable on demand | (2,109,451) | 2,108,144 | (1,307) |
Cash and cash equivalents |
( |
1,833,839 |
|
Finance leases | (2,902,169) | 6,707 | (2,895,462) |
Debts falling due within one year |
( |
(238,561) |
( |
Debts falling due after more than one year | (1,841,353) | (1,638,851) | (3,480,204) |
(6,729,994) | (36,866) | (6,766,860) | |
Freehold |
|
Leasehold |
|
Plant & Machinery |
|
Motor Vehicles |
|
Fixtures & Fittings |
|
Computer Equipment |
|
2023 | 2022 | ||
---|---|---|---|
£ | £ | ||
Commissions | 72,385 | 136,253 | |
Fuel | 8,441,105 | 7,646,367 | |
Online | 4,926,466 | 9,378,997 | |
Retail | 11,672,544 | 7,826,251 | |
25,112,500 | 24,987,868 | ||
2023 | 2022 | ||
---|---|---|---|
£ | £ | ||
Other operating income |
|
|
|
24,532 | - | ||
2023 | 2022 | ||
---|---|---|---|
£ | £ | ||
Depreciation of tangible fixed assets |
|
|
|
2023 | 2022 | ||
---|---|---|---|
£ | £ | ||
Audit Services | |||
Audit of the company's financial statements |
|
|
|
2023 | 2022 | ||
---|---|---|---|
£ | £ | ||
Wages and salaries |
|
|
|
Other pension costs |
|
|
|
|
|
||
2023 | 2022 | ||
---|---|---|---|
Office and administration |
|
|
|
|
|
||
2023 | 2022 | ||
---|---|---|---|
£ | £ | ||
Emoluments |
|
|
|
Company contributions to money purchase pension schemes |
|
|
|
|
|
||
2023 | 2022 | ||
---|---|---|---|
£ | £ | ||
Bank loans and overdrafts |
|
|
|
Finance charges payable under finance leases and hire purchase contracts | 138,990 | 72,283 | |
341,895 | 223,759 | ||
The tax charge on the profit for the year was as follows:
|
|||||
Tax Rate | 2023 | 2022 | |||
---|---|---|---|---|---|
2023 | 2022 | £ | £ | ||
Current tax | |||||
UK Corporation Tax | 19.0% | 19.0% |
|
( |
|
Deferred Tax | |||||
Deferred taxation |
|
|
|||
Total tax charge for the period |
|
|
|||
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:
|
|||||
2023 | 2022 | ||||
£ | £ | ||||
Profit before tax | 1,269,805 | 842,765 | |||
Tax on profit at 19% (UK standard rate) |
|
|
|||
Goodwill/depreciation not allowed for tax |
|
|
Expenses not deductible for tax purposes |
|
|
|||
Tax losses utilised |
( |
( |
|||
Short term timing differences |
|
|
|||
Deferred tax from unrecognised tax loss or credit |
( |
|
|||
Total tax charge for the period | 231,411 | 178,983 | |||
Goodwill | |||
---|---|---|---|
£ | |||
Cost | |||
As at
|
|
||
As at
|
|
||
Amortisation | |||
As at
|
|
||
As at
|
|
||
Net Book Value | |||
As at
|
|
||
As at
|
|
||
Land & Property | |||||
---|---|---|---|---|---|
Freehold | Leasehold | Motor Vehicles | Fixtures & Fittings | Total | |
£ | £ | £ | £ | £ | |
Cost | |||||
As at
|
|
|
|
|
|
Additions |
|
|
|
|
|
As at
|
|
|
|
|
|
Depreciation | |||||
As at
|
|
|
|
|
|
Provided during the period |
|
|
|
|
|
As at
|
|
|
|
|
|
Net Book Value | |||||
As at
|
|
|
|
|
|
As at
|
|
|
|
|
|
2023 | 2022 | ||
---|---|---|---|
£ | £ | ||
Stock - fuel |
|
|
|
Stock - shop |
|
|
|
|
|
||
2023 | 2022 | ||
---|---|---|---|
£ | £ | ||
Due within one year | |||
Trade debtors |
|
|
|
Other debtors | 149,242 | 199,826 | |
|
|
||
2023 | 2022 | ||
---|---|---|---|
£ | £ | ||
Net obligations under finance lease and hire purchase contracts |
|
|
|
Trade creditors |
|
|
|
Bank loans and overdrafts |
|
|
|
Other creditors | 245,722 | 257,597 | |
Corporation tax |
( |
|
|
Taxation and social security | 164,704 | - | |
Accruals and deferred income |
|
|
|
|
|
||
2023 | 2022 | ||
---|---|---|---|
£ | £ | ||
Net obligations under finance lease and hire purchase contracts |
|
|
|
Bank loans |
|
|
|
|
|
||
2023 | 2022 | ||
---|---|---|---|
£ | £ | ||
Amounts falling due within one year or on demand: | |||
Bank loans |
|
|
|
|
|
||
2023 | 2022 | ||
---|---|---|---|
£ | £ | ||
Amounts falling due between one and five years: | |||
Bank loans |
|
|
|
|
|
||
2023 | 2022 | ||
---|---|---|---|
£ | £ | ||
The future minimum finance lease payments are as follows: | |||
Not later than one year |
|
|
|
Later than one year and not later than five years |
|
|
|
|
|
||
|
|
||
2023 | 2022 | ||
---|---|---|---|
£ | £ | ||
Other timing differences | 712,483 | 601,955 | |
Deferred Tax | Total | |
---|---|---|
£ | £ | |
As at
|
|
601,955 |
Additions |
|
110,528 |
Balance at
|
|
712,483 |
2023 | 2022 | ||
---|---|---|---|
£ | £ | ||
On equity shares: | |||
Final dividend paid |
|
|
|
100,000 | 100,000 | ||