Registered Number
(England and Wales)
Unaudited Financial Statements for the Year ended
31 August 2023
Directors | |
Company Secretary | FORD, Graham Peter |
Registered Address | |
Registered Number |
Notes | 2023 | 2022 | ||||||
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£ | £ | £ | £ | |||||
Fixed assets | ||||||||
Tangible assets | 4 | |||||||
Investments | 6 | |||||||
Current assets | ||||||||
Cash at bank and on hand | ||||||||
Creditors amounts falling due within one year | 7 | ( | ( | |||||
Net current assets (liabilities) | ||||||||
Total assets less current liabilities | ||||||||
Creditors amounts falling due after one year | 8 | ( | ( | |||||
Provisions for liabilities | 11 | ( | ( | |||||
Net assets | ||||||||
Capital and reserves | ||||||||
Called up share capital | ||||||||
Profit and loss account | ||||||||
Shareholders' funds | 12 |
The financial statements were approved and authorised for issue by the Board of Directors on 25 March 2024, and are signed on its behalf by: |
Director Registered Company No. 01941018 |
1. | Accounting policies |
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Statutory information | |
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Statement of compliance | |
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Basis of preparation | |
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Functional and presentation currency | |
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Revenue from sale of goods | |
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Dividend income | |
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Foreign currency translation | |
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Current taxation | |
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Deferred tax | |
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Tangible fixed assets and depreciation | |
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Investments | |
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2. | Average number of employees |
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2023 | 2022 | |||
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Average number of employees during the year |
3. | Deferred tax |
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Increases in the UK Corporation tax rate from 19% to 25% (19% effective from 1 April 2017, and 25% effective from 1 April 2023) have been substantively enacted. This will impact the company's future tax charge accordingly. The value of the deferred tax assets at the balance sheet date has been calculated using the applicable rate when the asset is expected to be realised. |
4. | Tangible fixed assets |
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Total | ||
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£ | ||
Cost or valuation | ||
At 01 September 22 | ||
Revaluations | ||
At 31 August 23 | ||
Net book value | ||
At 31 August 23 | ||
At 31 August 22 |
5. | Revaluation of property, plant and equipment |
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2023 | 2022 | |||
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£ | £ | |||
Property, plant and equipment / tangible fixed assets |
6. | Fixed asset investments |
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Total | ||
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£ | ||
Cost or valuation | ||
At 01 September 22 | ||
Additions | ||
At 31 August 23 | ||
Impairment | ||
At 01 September 22 | ||
Other adjustments | ( | |
At 31 August 23 | ||
Net book value | ||
At 31 August 23 | ||
At 31 August 22 |
7. | Creditors: amounts due within one year |
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2023 | 2022 | |||
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£ | £ | |||
Trade creditors / trade payables | ||||
Bank borrowings and overdrafts | ||||
Taxation and social security | ||||
Other creditors | ||||
Accrued liabilities and deferred income | ||||
Total |
8. | Creditors: amounts due after one year |
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2023 | 2022 | |||
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£ | £ | |||
Bank borrowings and overdrafts | ||||
Total |
9. | Creditors: amounts due after 5 years |
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10. | Secured creditors |
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A mortgage is held on the freehold properties by the lender. A fixed and floating charge is held by the bank. |
11. | Provisions for liabilities |
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2023 | 2022 | |||
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£ | £ | |||
Net deferred tax liability (asset) | ||||
Total |
12. | Fair value reserve |
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The fair value reserve represents the increase in value of assets after allowing for tax on their disposal. This amount is not available for distribution as dividend. |
£ | ||
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Fair value reserve at 01 September 22 | ||
Transferred in period | ||
At 31 August 23 |
13. | Controlling party |
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The company is controlled by Mr G.P. Ford, a director, who owns 80% of the issued share capital. |