Director
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13/03/2024
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Resigned |
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Appointed |
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Appointed |
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Director
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for and on behalf of
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2023 | 2022 as restated |
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Notes | £ | £ | ||
TURNOVER | 3 |
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Cost of sales |
( |
( |
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GROSS PROFIT |
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Administrative expenses |
( |
( |
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OPERATING LOSS | 4 |
( |
( |
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Interest payable and similar charges | 9 |
( |
( |
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LOSS BEFORE TAXATION |
( |
( |
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Tax on Loss | 10 |
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PROFIT/(LOSS) AFTER TAXATION BEING PROFIT/(LOSS) FOR THE FINANCIAL YEAR |
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( |
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2023 | 2022 as restated |
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£ | £ | |||
PROFIT FOR THE FINANCIAL YEAR |
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( |
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OTHER COMPREHENSIVE INCOME: | ||||
Gain on revaluation of investment properties |
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TOTAL COMPREHENSIVE INCOME FOR THE YEAR |
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( |
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2023 | 2022 as restated |
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Notes | £ | £ | £ | £ | |
FIXED ASSETS | |||||
Tangible Assets | 11 |
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CURRENT ASSETS | |||||
Stocks | 13 |
( |
( |
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Debtors | 14 |
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Cash at bank and in hand |
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Creditors: Amounts Falling Due Within One Year | 15 |
( |
( |
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NET CURRENT ASSETS (LIABILITIES) |
( |
( |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
( |
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Creditors: Amounts Falling Due After More Than One Year | 16 |
( |
( |
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NET LIABILITIES |
( |
( |
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CAPITAL AND RESERVES | |||||
Called up share capital | 18 |
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Revaluation reserve |
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Profit and Loss Account |
( |
( |
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SHAREHOLDERS' FUNDS | (906,832) | (1,000,873) | |||
Director
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Share Capital | Revaluation reserve | Profit and Loss Account | Total | |
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£ | £ | £ | £ | |
As at 1 May 2021 |
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1,059,598 |
Loss for the year and total comprehensive income | - | - |
( |
(2,060,471) |
As at 30 April 2022 and 1 May 2022 as restated |
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( |
(1,000,873) |
Profit for year | - | - |
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Surplus on revaluation | - |
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- |
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Other comprehensive income for the year | - |
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Total comprehensive income for the year | - | 85,000 |
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94,041 |
As at
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( |
(906,832) |
2023 | 2022 as restated |
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Notes | £ | £ | ||
Cash flows from operating activities | ||||
Net cash used in operations | 1 |
( |
( |
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Interest paid |
( |
( |
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Tax paid |
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( |
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Net cash used in operating activities |
( |
( |
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Cash flows from investing activities | ||||
Purchase of tangible assets |
( |
( |
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Cash flows from financing activities | ||||
Repayment of bank borrowings |
( |
( |
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Decrease in cash and cash equivalents |
( |
( |
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Cash and cash equivalents at beginning of year | 2 | 858,922 | 1,961,582 | |
Cash and cash equivalents at end of year | 2 |
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2023 | 2022 as restated |
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£ | £ | ||
Profit/(loss) for the financial year |
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( |
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Adjustments for: | |||
Tax on profit/(loss) |
( |
( |
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Interest expense |
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Depreciation of tangible assets |
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Movements in working capital: | |||
Decrease in stocks |
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Increase in trade and other debtors |
( |
( |
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Increase in trade and other creditors |
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Net cash used in operations |
( |
( |
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2023 | 2022 as restated |
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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 | 44,314 | 858,922 | |
As at
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Cash flows | As at
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£ | £ | £ | |
Cash at bank and in hand |
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(689,475) |
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Overdraft facilities repayable on demand | - | (125,133) | (125,133) |
Cash and cash equivalents |
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(814,608) |
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Debts falling due within one year |
( |
- |
( |
Debts falling due after more than one year | (329,764) | 78,857 | (250,907) |
450,301 | (735,751) | (285,450) | |
Freehold |
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Leasehold |
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Plant & Machinery |
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Motor Vehicles |
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Fixtures & Fittings |
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Computer Equipment |
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2023 | 2022 as restated |
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£ | £ | ||
Modernisation, installation and service | 13,855,501 | 11,216,215 | |
2023 | 2022 as restated |
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£ | £ | ||
United Kingdom |
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13,855,501 | 11,216,215 | ||
2023 | 2022 as restated |
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£ | £ | ||
Bad debts | (61,109) | (46,515) | |
Depreciation of tangible fixed assets |
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2023 | 2022 as restated |
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£ | £ | ||
Audit Services | |||
Audit of the company's financial statements |
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Non-Audit Services | |||
Other non-audit services |
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2023 | 2022 as restated |
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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 as restated |
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£ | £ | ||
Emoluments |
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2023 | 2022 as restated |
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£ | £ | ||
Emoluments |
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2023 | 2022 as restated |
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£ | £ | ||
Bank loans and overdrafts |
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7,337 | 8,712 | ||
The tax credit on the loss for the year was as follows:
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Tax Rate | 2023 | 2022 as restated |
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2023 | 2022 | £ | £ | ||
Current tax | |||||
UK Corporation Tax | 19.0% | 19.0% |
( |
( |
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Total tax charge for the period |
( |
( |
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The actual credit for the year can be reconciled to the expected credit for the year based on the loss and the standard rate of corporation tax as follows:
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2023 | 2022 | ||||
£ | £ | ||||
Profit before tax | (162,232) | (2,097,492) | |||
Tax on profit at 19% (UK standard rate) |
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Research and Development tax credit |
( |
( |
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Total tax charge for the period | (171,273) | (37,021) | |||
Land & Property | ||||
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Freehold | Leasehold | Plant & Machinery | Motor Vehicles | |
£ | £ | £ | £ | |
Cost or Valuation | ||||
As at
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Additions |
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Revaluation | 85,000 | - |
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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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Fixtures & Fittings | Computer Equipment | Total | |
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£ | £ | £ | |
Cost or Valuation | |||
As at
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Additions |
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Revaluation |
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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 as restated |
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£ | £ | ||
Stock |
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Work in progress |
( |
( |
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( |
( |
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2023 | 2022 as restated |
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£ | £ | ||
Due within one year | |||
Trade debtors |
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Prepayments and accrued income |
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Other debtors |
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Net wages | 6,713 | 4,992 | |
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2023 | 2022 as restated |
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---|---|---|---|
£ | £ | ||
Trade creditors |
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Bank loans and overdrafts |
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Other creditors | 14,785 | 11,139 | |
Corporation tax |
( |
( |
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Taxation and social security | 641,169 | 519,813 | |
Accruals and deferred income |
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2023 | 2022 as restated |
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£ | £ | ||
Bank loans |
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2023 | 2022 as restated |
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---|---|---|---|
£ | £ | ||
Amounts falling due within one year or on demand: | |||
Bank loans |
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2023 | 2022 as restated |
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£ | £ | ||
Amounts falling due between one and five years: | |||
Bank loans |
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2022
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2022
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as restated
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£
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£
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Work in progress
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-
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(651,286)
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Accruals and deferred income
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656,850
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2,344,777
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Reserves
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Profit and Loss Account
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1,287,865
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(1,051,348)
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