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Financial Statements |
Contents |
Page |
Officers and professional advisers |
1 |
Strategic report |
2 |
Directors' report |
3 |
Independent auditor's report to the members |
5 |
Statement of income and retained earnings |
9 |
Statement of financial position |
10 |
Notes to the financial statements |
11 |
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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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BSN Associates Limited |
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3B Swallowfield Courtyard |
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Wolverhampton Road |
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Oldbury |
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West Midlands |
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B69 2JG |
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Strategic Report |
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Director |
Registered office: |
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Directors' Report |
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(Appointed
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(Appointed
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Director |
Registered office: |
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Independent Auditor's Report to the Members of
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(Senior Statutory Auditor) |
For and on behalf of |
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Chartered accountants & statutory auditor |
BSN Associates Limited |
3B Swallowfield Courtyard |
Wolverhampton Road |
Oldbury |
West Midlands |
B69 2JG |
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Statement of Income and Retained Earnings |
2023 |
2022 |
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Note |
£ |
£ |
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Turnover |
4 |
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Cost of sales |
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Gross profit |
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Administrative expenses |
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Operating profit |
5 |
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Other interest receivable and similar income |
9 |
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– |
Amounts written off investments |
10 |
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Interest payable and similar expenses |
11 |
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Profit before taxation |
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Tax on profit |
12 |
(
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Profit for the financial year and total comprehensive income |
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Dividends paid and payable |
13 |
– |
(
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Retained earnings at the start of the year |
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Retained earnings at the end of the year |
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Statement of Financial Position |
2023 |
2022 |
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Note |
£ |
£ |
£ |
Tangible assets |
14 |
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Investments |
15 |
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Stocks |
16 |
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Debtors |
17 |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
18 |
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Net current assets |
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Total assets less current liabilities |
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Creditors: amounts falling due after more than one year |
19 |
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Other provisions |
21 |
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Net assets |
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Called up share capital |
24 |
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Profit and loss account |
25 |
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Shareholders funds |
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Director |
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Notes to the Financial Statements |
Leasehold Property |
- |
2% p.a. straight line basis |
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Plant & machinery |
- |
15% to 33.3% p.a. straight line basis |
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Fixtures, fittings & equipment |
- |
15% to 33.3% p.a. straight line basis |
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Motor Verhicles |
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20% p.a. straight line basis |
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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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United Kingdom |
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Overseas |
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------------ |
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2023 |
2022 |
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£ |
£ |
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Depreciation of tangible assets |
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Foreign exchange differences |
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(
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Operating lease costs |
56,605 |
65,286 |
-------- |
-------- |
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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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-------- |
-------- |
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2023 |
2022 |
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No. |
No. |
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Production staff |
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Distribution staff |
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---- |
---- |
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---- |
---- |
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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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------------ |
------------ |
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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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--------- |
--------- |
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2023 |
2022 |
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£ |
£ |
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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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Impairment of investments in subsidiary |
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--------- |
--------- |
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2023 |
2022 |
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£ |
£ |
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Interest on banks loans and overdrafts |
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– |
Interest on obligations under finance leases and hire purchase contracts |
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------- |
------- |
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------- |
------- |
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2023 |
2022 |
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£ |
£ |
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UK current tax (income)/expense |
(
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Adjustments in respect of prior periods |
(
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– |
-------- |
--------- |
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Total current tax |
(
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-------- |
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Origination and reversal of timing differences |
(
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(
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-------- |
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Tax on profit |
(
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-------- |
--------- |
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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 capital allowances and depreciation |
(
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– |
Utilisation of tax losses |
(
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(
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Effect of Change in Tax Rate |
(7,430) |
– |
Tax refunded |
(115,830) |
– |
--------- |
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Tax on profit |
(
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------------ |
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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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Land and buildings |
Plant and machinery |
Fixtures and fittings |
Motor vehicles |
Total |
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£ |
£ |
£ |
£ |
£ |
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Cost |
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At 1 July 2022 |
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– |
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Additions |
– |
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------- |
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-------- |
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At 30 June 2023 |
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------- |
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Depreciation |
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At 1 July 2022 |
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– |
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Charge for the year |
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------- |
------------ |
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-------- |
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At 30 June 2023 |
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------- |
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-------- |
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Carrying amount |
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At 30 June 2023 |
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------- |
------------ |
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-------- |
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At 30 June 2022 |
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– |
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Shares in group undertakings |
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£ |
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Cost |
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At 1 July 2022 and 30 June 2023 |
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Impairment |
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At 1 July 2022 |
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Impairment losses |
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At 30 June 2023 |
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Carrying amount |
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At 30 June 2023 |
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At 30 June 2022 |
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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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------------ |
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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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Deferred tax asset |
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Prepayments and accrued income |
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Other debtors |
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– |
------------ |
------------ |
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------------ |
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2023 |
2022 |
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£ |
£ |
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Bank loans and overdrafts |
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Trade creditors |
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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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Obligations under finance leases and hire purchase contracts |
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– |
Other creditors |
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------------ |
------------ |
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------------ |
------------ |
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2023 |
2022 |
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£ |
£ |
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Bank loans and overdrafts |
– |
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Obligations under finance leases and hire purchase contracts |
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– |
-------- |
-------- |
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-------- |
-------- |
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2023 |
2022 |
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£ |
£ |
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Not later than 1 year |
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– |
Later than 1 year and not later than 5 years |
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– |
-------- |
---- |
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– |
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---- |
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Warranties |
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£ |
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At 1 July 2022 and 30 June 2023 |
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-------- |
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2023 |
2022 |
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£ |
£ |
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Included in debtors (note 17) |
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-------- |
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2023 |
2022 |
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£ |
£ |
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Unused tax losses |
(
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(
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-------- |
-------- |
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2023 |
2022 |
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No. |
£ |
No. |
£ |
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1,000 |
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1,000 |
------- |
------- |
------- |
------- |
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2023 |
2022 |
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£ |
£ |
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Not later than 1 year |
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Later than 1 year and not later than 5 years |
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