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FINANCIAL STATEMENTS |
Contents |
Pages |
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OFFICERS AND PROFESSIONAL ADVISERS |
The board of directors |
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Registered office |
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Auditor |
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Chartered Accountants & statutory auditor |
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35 Westgate |
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Huddersfield |
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HD1 1PA |
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Bankers |
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55 High Street |
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Uppermill |
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Oldham |
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OL3 6AP |
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STRATEGIC REPORT |
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Director |
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DIRECTORS' REPORT |
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Director |
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INDEPENDENT AUDITOR'S REPORT TO THE MEMBER OF
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(Senior Statutory Auditor) |
For and on behalf of |
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Chartered Accountants & statutory auditor |
35 Westgate |
Huddersfield |
HD1 1PA |
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PROFIT AND LOSS ACCOUNT |
2023 |
2022 |
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Note |
£ |
£ |
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Turnover |
4 |
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Cost of sales |
(
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(
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Gross profit |
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Administrative expenses |
(
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(
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Operating profit |
5 |
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Other interest receivable and similar income |
9 |
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Interest payable and similar expenses |
10 |
(
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(
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Profit before taxation |
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Tax on profit |
11 |
(
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(
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Profit for the financial year and total comprehensive income |
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BALANCE SHEET |
2023 |
2022 |
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Note |
£ |
£ |
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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(
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Net current assets |
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Total assets less current liabilities |
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Net assets |
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Called up share capital |
17 |
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Profit and loss account |
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Shareholder funds |
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Director |
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STATEMENT OF CHANGE IN SHAREHOLDERS FUNDS |
Called up share capital |
Profit and loss account |
Total |
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£ |
£ |
£ |
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At 1 October 2021 |
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Profit for the year |
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Total comprehensive income for the year |
– |
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At 30 September 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 |
12 |
– |
(
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(
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Total investments by and distributions to owners |
– |
(
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(
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At 30 September 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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Other interest receivable and similar income |
(
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Interest payable and similar expenses |
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Tax on profit |
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Changes in: |
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Stocks |
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Trade and other debtors |
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(
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Trade and other creditors |
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(
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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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Proceeds from loans from group undertakings |
(
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(
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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 |
2,479,623 |
2,015,649 |
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Cash and cash equivalents at end of year |
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NOTES TO THE FINANCIAL STATEMENTS |
2023 |
2022 |
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£ |
£ |
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Sale of goods |
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2023 |
2022 |
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£ |
£ |
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Impairment of trade debtors |
– |
14,337 |
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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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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 |
2 |
2 |
Sales staff |
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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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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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2023 |
2022 |
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No. |
No. |
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Defined contribution plans |
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2023 |
2022 |
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£ |
£ |
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Interest on cash and cash equivalents |
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Interest on bank deposits |
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– |
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2023 |
2022 |
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£ |
£ |
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Other interest payable and similar charges |
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2023 |
2022 |
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£ |
£ |
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UK current tax expense |
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Tax on profit |
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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 expenses not deductible for tax purposes |
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Effect of R&D expenditure |
– |
(
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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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– |
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2023 |
2022 |
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£ |
£ |
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Raw materials and consumables |
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Work in progress |
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Finished goods and goods for resale |
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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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Other 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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Amounts owed to group undertakings |
– |
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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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Director's loan account |
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Other creditors |
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2023 |
2022 |
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No. |
£ |
No. |
£ |
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3,000 |
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3,000 |
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At 1 Oct 2022 |
Cash flows |
At 30 Sep 2023 |
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£ |
£ |
£ |
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Cash at bank and in hand |
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(1,861,763) |
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Debt due within one year |
(413,600) |
413,600 |
– |
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(
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