Access Garage Doors Limited 01255479 false 2022-06-01 2023-05-31 2023-05-31 2023-05-31 The principal activity of the company is the installation and repair of garage doors Digita Accounts Production Advanced 6.30.9574.0 true true true false true false false false false false false false false false false false false false false false false false false false false false false 01255479 2022-06-01 2023-05-31 01255479 2023-05-31 01255479 bus:Director5 bus:Consolidated 2023-05-31 01255479 bus:OrdinaryShareClass1 bus:Consolidated 2023-05-31 01255479 bus:OrdinaryShareClass2 bus:Consolidated 2023-05-31 01255479 bus:Consolidated 2023-05-31 01255479 core:RetainedEarningsAccumulatedLosses 2023-05-31 01255479 core:RetainedEarningsAccumulatedLosses bus:Consolidated 2023-05-31 01255479 core:ShareCapital 2023-05-31 01255479 core:ShareCapital bus:Consolidated 2023-05-31 01255479 core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests bus:Consolidated 2023-05-31 01255479 core:FinancialAssetsDesignatedFairValueThroughProfitOrLoss core:CurrentFinancialInstruments 2023-05-31 01255479 core:FinancialAssetsDesignatedFairValueThroughProfitOrLoss core:CurrentFinancialInstruments bus:Consolidated 2023-05-31 01255479 core:CurrentFinancialInstruments 2023-05-31 01255479 core:CurrentFinancialInstruments bus:Consolidated 2023-05-31 01255479 core:CurrentFinancialInstruments core:WithinOneYear 2023-05-31 01255479 core:CurrentFinancialInstruments core:WithinOneYear bus:Consolidated 2023-05-31 01255479 core:FurnitureFittingsToolsEquipment 2023-05-31 01255479 core:FurnitureFittingsToolsEquipment bus:Consolidated 2023-05-31 01255479 core:LandBuildings 2023-05-31 01255479 core:LandBuildings bus:Consolidated 2023-05-31 01255479 core:MotorVehicles 2023-05-31 01255479 core:MotorVehicles bus:Consolidated 2023-05-31 01255479 core:OtherPropertyPlantEquipment 2023-05-31 01255479 core:OtherPropertyPlantEquipment bus:Consolidated 2023-05-31 01255479 core:DeferredTaxation 2023-05-31 01255479 core:DeferredTaxation bus:Consolidated 2023-05-31 01255479 bus:FRS102 bus:Consolidated 2022-06-01 2023-05-31 01255479 bus:Audited bus:Consolidated 2022-06-01 2023-05-31 01255479 bus:FullAccounts bus:Consolidated 2022-06-01 2023-05-31 01255479 bus:RegisteredOffice bus:Consolidated 2022-06-01 2023-05-31 01255479 bus:CompanySecretary1 2022-06-01 2023-05-31 01255479 bus:CompanySecretary1 bus:Consolidated 2022-06-01 2023-05-31 01255479 bus:Director4 2022-06-01 2023-05-31 01255479 bus:Director4 bus:Consolidated 2022-06-01 2023-05-31 01255479 bus:Director5 bus:Consolidated 2022-06-01 2023-05-31 01255479 bus:OrdinaryShareClass1 bus:Consolidated 2022-06-01 2023-05-31 01255479 bus:OrdinaryShareClass2 2022-06-01 2023-05-31 01255479 bus:OrdinaryShareClass2 bus:Consolidated 2022-06-01 2023-05-31 01255479 bus:Consolidated 2022-06-01 2023-05-31 01255479 bus:PrivateLimitedCompanyLtd bus:Consolidated 2022-06-01 2023-05-31 01255479 bus:ConsolidatedGroupCompanyAccounts 2022-06-01 2023-05-31 01255479 core:RetainedEarningsAccumulatedLosses 2022-06-01 2023-05-31 01255479 core:RetainedEarningsAccumulatedLosses bus:Consolidated 2022-06-01 2023-05-31 01255479 core:ShareCapital 2022-06-01 2023-05-31 01255479 core:ShareCapital bus:Consolidated 2022-06-01 2023-05-31 01255479 core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests bus:Consolidated 2022-06-01 2023-05-31 01255479 core:Buildings bus:Consolidated 2022-06-01 2023-05-31 01255479 core:FurnitureFittings bus:Consolidated 2022-06-01 2023-05-31 01255479 core:FurnitureFittingsToolsEquipment 2022-06-01 2023-05-31 01255479 core:FurnitureFittingsToolsEquipment bus:Consolidated 2022-06-01 2023-05-31 01255479 core:LandBuildings 2022-06-01 2023-05-31 01255479 core:LandBuildings bus:Consolidated 2022-06-01 2023-05-31 01255479 core:MotorVehicles 2022-06-01 2023-05-31 01255479 core:MotorVehicles bus:Consolidated 2022-06-01 2023-05-31 01255479 core:OtherPropertyPlantEquipment 2022-06-01 2023-05-31 01255479 core:OtherPropertyPlantEquipment bus:Consolidated 2022-06-01 2023-05-31 01255479 core:PlantMachinery bus:Consolidated 2022-06-01 2023-05-31 01255479 core:DeferredTaxation 2022-06-01 2023-05-31 01255479 core:DeferredTaxation bus:Consolidated 2022-06-01 2023-05-31 01255479 core:Subsidiary1 bus:Consolidated 2022-06-01 2023-05-31 01255479 core:Subsidiary1 bus:Consolidated 1 2022-06-01 2023-05-31 01255479 core:Subsidiary1 countries:AllCountries bus:Consolidated 2022-06-01 2023-05-31 01255479 core:Subsidiary10 bus:Consolidated 2022-06-01 2023-05-31 01255479 core:Subsidiary10 bus:Consolidated 1 2022-06-01 2023-05-31 01255479 core:Subsidiary10 countries:AllCountries bus:Consolidated 2022-06-01 2023-05-31 01255479 core:Subsidiary2 bus:Consolidated 2022-06-01 2023-05-31 01255479 core:Subsidiary2 bus:Consolidated 1 2022-06-01 2023-05-31 01255479 core:Subsidiary2 countries:AllCountries bus:Consolidated 2022-06-01 2023-05-31 01255479 core:Subsidiary3 bus:Consolidated 2022-06-01 2023-05-31 01255479 core:Subsidiary3 bus:Consolidated 1 2022-06-01 2023-05-31 01255479 core:Subsidiary3 countries:AllCountries bus:Consolidated 2022-06-01 2023-05-31 01255479 core:Subsidiary4 bus:Consolidated 2022-06-01 2023-05-31 01255479 core:Subsidiary4 bus:Consolidated 1 2022-06-01 2023-05-31 01255479 core:Subsidiary4 countries:AllCountries bus:Consolidated 2022-06-01 2023-05-31 01255479 core:Subsidiary5 bus:Consolidated 2022-06-01 2023-05-31 01255479 core:Subsidiary5 bus:Consolidated 1 2022-06-01 2023-05-31 01255479 core:Subsidiary5 countries:AllCountries bus:Consolidated 2022-06-01 2023-05-31 01255479 core:Subsidiary6 bus:Consolidated 2022-06-01 2023-05-31 01255479 core:Subsidiary6 bus:Consolidated 1 2022-06-01 2023-05-31 01255479 core:Subsidiary6 countries:AllCountries bus:Consolidated 2022-06-01 2023-05-31 01255479 core:Subsidiary7 bus:Consolidated 2022-06-01 2023-05-31 01255479 core:Subsidiary7 bus:Consolidated 1 2022-06-01 2023-05-31 01255479 core:Subsidiary7 countries:AllCountries bus:Consolidated 2022-06-01 2023-05-31 01255479 core:Subsidiary8 bus:Consolidated 2022-06-01 2023-05-31 01255479 core:Subsidiary8 bus:Consolidated 1 2022-06-01 2023-05-31 01255479 core:Subsidiary8 countries:AllCountries bus:Consolidated 2022-06-01 2023-05-31 01255479 core:Subsidiary9 bus:Consolidated 2022-06-01 2023-05-31 01255479 core:Subsidiary9 bus:Consolidated 1 2022-06-01 2023-05-31 01255479 core:Subsidiary9 countries:AllCountries bus:Consolidated 2022-06-01 2023-05-31 01255479 core:UKTax bus:Consolidated 2022-06-01 2023-05-31 01255479 countries:England bus:Consolidated 2022-06-01 2023-05-31 01255479 2022-05-31 01255479 bus:Consolidated 2022-05-31 01255479 core:RetainedEarningsAccumulatedLosses 2022-05-31 01255479 core:RetainedEarningsAccumulatedLosses bus:Consolidated 2022-05-31 01255479 core:ShareCapital 2022-05-31 01255479 core:ShareCapital bus:Consolidated 2022-05-31 01255479 core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests bus:Consolidated 2022-05-31 01255479 core:CostValuation 2022-05-31 01255479 core:FurnitureFittingsToolsEquipment 2022-05-31 01255479 core:FurnitureFittingsToolsEquipment bus:Consolidated 2022-05-31 01255479 core:LandBuildings 2022-05-31 01255479 core:LandBuildings bus:Consolidated 2022-05-31 01255479 core:MotorVehicles 2022-05-31 01255479 core:MotorVehicles bus:Consolidated 2022-05-31 01255479 core:OtherPropertyPlantEquipment 2022-05-31 01255479 core:OtherPropertyPlantEquipment bus:Consolidated 2022-05-31 01255479 core:DeferredTaxation 2022-05-31 01255479 core:DeferredTaxation bus:Consolidated 2022-05-31 01255479 2021-06-01 2022-05-31 01255479 2022-05-31 01255479 bus:OrdinaryShareClass1 bus:Consolidated 2022-05-31 01255479 bus:OrdinaryShareClass2 bus:Consolidated 2022-05-31 01255479 bus:Consolidated 2022-05-31 01255479 core:CurrentFinancialInstruments 2022-05-31 01255479 core:CurrentFinancialInstruments bus:Consolidated 2022-05-31 01255479 core:CurrentFinancialInstruments core:WithinOneYear 2022-05-31 01255479 core:CurrentFinancialInstruments core:WithinOneYear bus:Consolidated 2022-05-31 01255479 core:FurnitureFittingsToolsEquipment 2022-05-31 01255479 core:FurnitureFittingsToolsEquipment bus:Consolidated 2022-05-31 01255479 core:LandBuildings 2022-05-31 01255479 core:LandBuildings bus:Consolidated 2022-05-31 01255479 core:MotorVehicles 2022-05-31 01255479 core:MotorVehicles bus:Consolidated 2022-05-31 01255479 core:OtherPropertyPlantEquipment 2022-05-31 01255479 core:OtherPropertyPlantEquipment bus:Consolidated 2022-05-31 01255479 bus:OrdinaryShareClass2 2021-06-01 2022-05-31 01255479 bus:Consolidated 2021-06-01 2022-05-31 01255479 core:RetainedEarningsAccumulatedLosses 2021-06-01 2022-05-31 01255479 core:ShareCapital 2021-06-01 2022-05-31 01255479 core:Subsidiary1 bus:Consolidated 1 2021-06-01 2022-05-31 01255479 core:Subsidiary10 bus:Consolidated 1 2021-06-01 2022-05-31 01255479 core:Subsidiary2 bus:Consolidated 1 2021-06-01 2022-05-31 01255479 core:Subsidiary3 bus:Consolidated 1 2021-06-01 2022-05-31 01255479 core:Subsidiary4 bus:Consolidated 1 2021-06-01 2022-05-31 01255479 core:Subsidiary5 bus:Consolidated 1 2021-06-01 2022-05-31 01255479 core:Subsidiary6 bus:Consolidated 1 2021-06-01 2022-05-31 01255479 core:Subsidiary7 bus:Consolidated 1 2021-06-01 2022-05-31 01255479 core:Subsidiary8 bus:Consolidated 1 2021-06-01 2022-05-31 01255479 core:Subsidiary9 bus:Consolidated 1 2021-06-01 2022-05-31 01255479 core:UKTax bus:Consolidated 2021-06-01 2022-05-31 01255479 2021-05-31 01255479 bus:Consolidated 2021-05-31 01255479 core:RetainedEarningsAccumulatedLosses 2021-05-31 01255479 core:ShareCapital 2021-05-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 01255479

Access Garage Doors Limited

Annual Report and Consolidated Financial Statements

for the Year Ended 31 May 2023

 

Access Garage Doors Limited

Contents

Company Information

1

Strategic Report

2

Directors' Report

3

Statement of Directors' Responsibilities

4

Independent Auditor's Report

5 to 7

Consolidated Profit and Loss Account

8

Consolidated Statement of Comprehensive Income

9

Consolidated Balance Sheet

10

Balance Sheet

11

Consolidated Statement of Changes in Equity

12

Statement of Changes in Equity

13

Consolidated Statement of Cash Flows

14

Statement of Cash Flows

15

Notes to the Financial Statements

16 to 30

 

Access Garage Doors Limited

Company Information

Directors

Mr J W Wright

Mr A G Nash

Company secretary

Mr J Suart

Registered office

Genesis House
Priestley Way
Crawley
West Sussex
RH10 9PR

Auditors

Carter Nicholls Ltd
Victoria House
Stanbridge Park
Staplefield Lane
Staplefield
West Sussex
RH17 6AS

 

Access Garage Doors Limited

Strategic Report for the Year Ended 31 May 2023

The directors present their strategic report for the year ended 31 May 2023.

Principal activity

The principal activity of the group is the installation and repair of garage doors

Fair review of the business

The group's financial performance is set out in the consolidated profit and loss account. Turnover has fallen slightly this year, but profits and solvency remain healthy.

Principal risks and uncertainties

Credit risk: is the risk that the customer fails to pay amounts in full when due. The group operates clear credit control policies and bad debts are an insignificant cost.

Operational risk: is the risk of loss resulting from inadequate or failed internal processes, people and system failures or from external events including strategy and reputational risks. There were no material incidents during the year.


Approved and authorised by the Board on 21 February 2024 and signed on its behalf by:
 

.........................................
Mr J Suart
Company secretary

 

Access Garage Doors Limited

Directors' Report for the Year Ended 31 May 2023

The directors present their report and the for the year ended 31 May 2023.

Director of the group

The director who held office during the year was as follows:

Mr J W Wright

The following director was appointed after the year end:

Mr A G Nash (appointed 3 October 2023)

Disclosure of information to the auditor

Each director has taken steps that they ought to have taken as a director in order to make themselves aware of any relevant audit information and to establish that the company's auditor is aware of that information. The directors confirm that there is no relevant information that they know of and of which they know the auditor is unaware.

Approved and authorised by the Board on 21 February 2024 and signed on its behalf by:
 

.........................................
Mr J Suart
Company secretary

 

Access Garage Doors Limited

Statement of Directors' Responsibilities

The directors acknowledge their responsibilities for preparing the Annual Report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the group and the company and of the profit or loss of the group for that period. In preparing these financial statements, the directors are required to:

select suitable accounting policies and apply them consistently;

make judgements and accounting estimates that are reasonable and prudent;

state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and

prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the group's and the company's transactions and disclose with reasonable accuracy at any time the financial position of the group and the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the group and the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

 

Access Garage Doors Limited

Independent Auditor's Report to the Members of Access Garage Doors Limited

Opinion

We have audited the financial statements of Access Garage Doors Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 31 May 2023, which comprise the Consolidated Profit and Loss Account, Consolidated Statement of Comprehensive Income, Consolidated Balance Sheet, Balance Sheet, Consolidated Statement of Changes in Equity, Statement of Changes in Equity, Consolidated Statement of Cash Flows, Statement of Cash Flows, and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

give a true and fair view of the state of the group's and the parent company's affairs as at 31 May 2023 and of the group's profit for the year then ended;

have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor responsibilities for the audit of the financial statements section of our report. We are independent of the group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's ability to continue as a going concern for a period of at least twelve months from when the original financial statements were authorised for issue.

Our responsibilities and the responsibilities of the director with respect to going concern are described in the relevant sections of this report.

Other information

The director are responsible for the other information. The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

 

Access Garage Doors Limited

Independent Auditor's Report to the Members of Access Garage Doors Limited

We have nothing to report in this regard.

Opinion on other matter prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

the information given in the Strategic Report and Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and

the Strategic Report and Directors' Report have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of our knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report and the Directors' Report.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

adequate accounting records have not been kept by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or

the parent company financial statements are not in agreement with the accounting records and returns; or

certain disclosures of director's remuneration specified by law are not made; or

we have not received all the information and explanations we require for our audit.

Responsibilities of directors

As explained more fully in the Statement of Directors' Responsibilities [set out on page 4], the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditor Responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

 

Access Garage Doors Limited

Independent Auditor's Report to the Members of Access Garage Doors Limited

Based on our understanding of the group and industry, we identified that the principal risks of non-compliance with laws and regulations related to breaches of UK regulatory principles, and we considered the extent to which non-compliance might have a material effect on the financial statements. We also considered those laws and regulations that have a direct impact on the financial statements such as the Companies Act 2006. We evaluated management’s incentives and opportunities for fraudulent manipulation of the financial statements (including the risk of override of controls), and determined that the principal risks were related to management bias in accounting estimates. Audit procedures performed included:
• Validating the appropriateness of journal entries identified based on our fraud risk criteria; and
• Designing audit procedures to incorporate unpredictability around the nature, timing or extent of our testing.

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.

Use of our report

This report is made solely to the company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company’s members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company’s members as a body, for our audit work, for this report, or for the opinions we have formed.

......................................
Stephen Dewar Potter (Senior Statutory Auditor)
For and on behalf of Carter Nicholls Ltd, Statutory Auditor

Victoria House
Stanbridge Park
Staplefield Lane
Staplefield
West Sussex
RH17 6AS

21 February 2024

 

Access Garage Doors Limited

Consolidated Profit and Loss Account for the Year Ended 31 May 2023

Note

2023
£

2022
£

Turnover

3

9,053,585

10,276,908

Cost of sales

 

(5,840,017)

(6,508,980)

Gross profit

 

3,213,568

3,767,928

Administrative expenses

 

(2,843,038)

(2,790,693)

Other operating income

4

-

(44,497)

Operating profit

6

370,530

932,738

Income from other fixed assets investments

 

(480)

3,770

Other interest receivable and similar income

7

13,854

842

Interest payable and similar expenses

8

8,026

(42)

   

21,400

4,570

Profit before tax

 

391,930

937,308

Tax on profit

12

(80,570)

(186,250)

Profit for the financial year

 

311,360

751,058

Profit/(loss) attributable to:

 

Owners of the company

 

311,360

751,058

The group has no recognised gains or losses for the year other than the results above.

 

Access Garage Doors Limited

Consolidated Statement of Comprehensive Income for the Year Ended 31 May 2023

2023
£

2022
£

Profit for the year

311,360

751,058

Total comprehensive income for the year

311,360

751,058

Total comprehensive income attributable to:

Owners of the company

311,360

751,058

 

Access Garage Doors Limited

(Registration number: 01255479)
Consolidated Balance Sheet as at 31 May 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

13

392,281

344,159

Investment property

14

1,345,549

1,058,418

 

1,737,830

1,402,577

Current assets

 

Stocks

17

1,179,905

1,036,579

Debtors

18

1,028,939

785,841

Other financial assets

16

10,038

10,518

Cash at bank and in hand

 

2,101,106

2,843,391

 

4,319,988

4,676,329

Creditors: Amounts falling due within one year

20

(1,357,485)

(1,500,292)

Net current assets

 

2,962,503

3,176,037

Total assets less current liabilities

 

4,700,333

4,578,614

Provisions for liabilities

21

(49,974)

(37,115)

Net assets

 

4,650,359

4,541,499

Capital and reserves

 

Called up share capital

23

101

101

Retained earnings

4,650,258

4,541,398

Equity attributable to owners of the company

 

4,650,359

4,541,499

Shareholders' funds

 

4,650,359

4,541,499

Approved and authorised by the Board on 21 February 2024 and signed on its behalf by:
 

.........................................
Mr J W Wright
Director

 

Access Garage Doors Limited

(Registration number: 01255479)
Balance Sheet as at 31 May 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

13

392,281

344,159

Investments

15

35,146

35,146

 

427,427

379,305

Current assets

 

Stocks

17

240,515

215,076

Debtors

18

952,587

612,047

Other financial assets

16

10,038

10,518

Cash at bank and in hand

 

2,089,308

2,782,383

 

3,292,448

3,620,024

Creditors: Amounts falling due within one year

20

(1,233,039)

(1,369,752)

Net current assets

 

2,059,409

2,250,272

Total assets less current liabilities

 

2,486,836

2,629,577

Provisions for liabilities

21

(49,974)

(37,115)

Net assets

 

2,436,862

2,592,462

Capital and reserves

 

Called up share capital

23

101

101

Retained earnings

2,436,761

2,592,361

Shareholders' funds

 

2,436,862

2,592,462

The company made a profit after tax for the financial year of £46,900 (2022 - profit of £303,508).

Approved and authorised by the Board on 21 February 2024 and signed on its behalf by:
 

.........................................
Mr J W Wright
Director

 

Access Garage Doors Limited

Consolidated Statement of Changes in Equity for the Year Ended 31 May 2023
Equity attributable to the parent company

Share capital
£

Retained earnings
£

Total
£

Total equity
£

At 1 June 2022

101

4,541,398

4,541,499

4,541,499

Profit for the year

-

311,360

311,360

311,360

Dividends

-

(202,500)

(202,500)

(202,500)

At 31 May 2023

101

4,650,258

4,650,359

4,650,359

 

Access Garage Doors Limited

Statement of Changes in Equity for the Year Ended 31 May 2023

Share capital
£

Retained earnings
£

Total
£

At 1 June 2022

101

2,592,361

2,592,462

Profit for the year

-

46,900

46,900

Dividends

-

(202,500)

(202,500)

At 31 May 2023

101

2,436,761

2,436,862

Share capital
£

Retained earnings
£

Total
£

At 1 June 2021

100

2,612,853

2,612,953

Profit for the year

-

303,508

303,508

Dividends

-

(324,000)

(324,000)

New share capital subscribed

1

-

1

At 31 May 2022

101

2,592,361

2,592,462

 

Access Garage Doors Limited

Consolidated Statement of Cash Flows for the Year Ended 31 May 2023

Note

2023
£

2022
£

Cash flows from operating activities

Profit for the year

 

311,360

751,058

Adjustments to cash flows from non-cash items

 

Depreciation and amortisation

6

93,253

89,428

(Profit)/loss on disposal of tangible assets

5

(297)

1,402

Finance income

7

(13,374)

(4,612)

Finance costs

8

-

46

Income tax expense

12

80,570

186,250

Income from other fixed asset investments

 

481

(3,771)

 

471,993

1,019,801

Working capital adjustments

 

Increase in stocks

17

(143,326)

(59,979)

(Increase)/decrease in trade debtors

18

(243,098)

265,356

Decrease in trade creditors

20

(24,226)

(95,089)

Cash generated from operations

 

61,343

1,130,089

Income taxes paid

12

(186,292)

(187,424)

Net cash flow from operating activities

 

(124,949)

942,665

Cash flows from investing activities

 

Interest received

13,217

4,461

Acquisitions of tangible assets

(153,495)

(41,150)

Proceeds from sale of tangible assets

 

12,416

4,375

Acquisition of investment properties

14

(287,131)

(356,876)

Dividend income

157

151

Net cash flows from investing activities

 

(414,836)

(389,039)

Cash flows from financing activities

 

Interest paid

8

-

(46)

Proceeds from issue of ordinary shares, net of issue costs

 

-

1

Dividends paid

(202,500)

(324,000)

Net cash flows from financing activities

 

(202,500)

(324,045)

Net (decrease)/increase in cash and cash equivalents

 

(742,285)

229,581

Cash and cash equivalents at 1 June

 

2,843,391

2,613,810

Cash and cash equivalents at 31 May

 

2,101,106

2,843,391

 

Access Garage Doors Limited

Statement of Cash Flows for the Year Ended 31 May 2023

Note

2023
£

2022
£

Cash flows from operating activities

Profit for the year

 

46,900

303,508

Adjustments to cash flows from non-cash items

 

Depreciation and amortisation

6

93,253

89,428

(Profit)/loss on disposal of tangible assets

5

(297)

1,402

Finance income

(36,267)

(25,301)

Income tax expense

12

12,859

81,192

Income from other fixed asset investments

 

481

(3,771)

 

116,929

446,458

Working capital adjustments

 

(Increase)/decrease in stocks

17

(25,439)

42,031

(Increase)/decrease in trade debtors

18

(340,540)

269,601

Decrease in trade creditors

20

(55,475)

(59,522)

Cash generated from operations

 

(304,525)

698,568

Income taxes paid

12

(81,238)

(125,589)

Net cash flow from operating activities

 

(385,763)

572,979

Cash flows from investing activities

 

Interest received

36,110

25,150

Acquisitions of tangible assets

(153,495)

(41,150)

Proceeds from sale of tangible assets

 

12,416

4,375

Dividend income

157

151

Net cash flows from investing activities

 

(104,812)

(11,474)

Cash flows from financing activities

 

Proceeds from issue of ordinary shares, net of issue costs

 

-

1

Dividends paid

(202,500)

(324,000)

Net cash flows from financing activities

 

(202,500)

(323,999)

Net (decrease)/increase in cash and cash equivalents

 

(693,075)

237,506

Cash and cash equivalents at 1 June

 

2,782,383

2,544,877

Cash and cash equivalents at 31 May

 

2,089,308

2,782,383

 

Access Garage Doors Limited

Notes to the Financial Statements for the Year Ended 31 May 2023

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Genesis House
Priestley Way
Crawley
West Sussex
RH10 9PR

These financial statements were authorised for issue by the Board on 21 February 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements were prepared in accordance with Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland and the Companies Act 2006'.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Basis of consolidation

The consolidated financial statements consolidate the financial statements of the company and its subsidiary undertakings drawn up to 31 May 2023.

 

Access Garage Doors Limited

Notes to the Financial Statements for the Year Ended 31 May 2023

A subsidiary is an entity controlled by the company. Control is achieved where the company has the power to govern the financial and operating policies of an entity so as to obtain benefits from its activities.

The results of subsidiaries acquired or disposed of during the year are included in the Profit and Loss Account from the effective date of acquisition or up to the effective date of disposal, as appropriate. Where necessary, adjustments are made to the financial statements of subsidiaries to bring their accounting policies into line with those used by the group.

The purchase method of accounting is used to account for business combinations that result in the acquisition of subsidiaries by the group. The cost of a business combination is measured as the fair value of the assets given, equity instruments issued and liabilities incurred or assumed at the date of exchange, plus costs directly attributable to the business combination. Identifiable assets acquired and liabilities and contingent liabilities assumed in a business combination are measured initially at their fair values at the acquisition date. Any excess of the cost of the business combination over the acquirer’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities recognised is recorded as goodwill.

Inter-company transactions, balances and unrealised gains on transactions between the company and its subsidiaries, which are related parties, are eliminated in full.

Intra-group losses are also eliminated but may indicate an impairment that requires recognition in the consolidated financial statements.

Accounting policies of subsidiaries have been changed where necessary to ensure consistency with the policies adopted by the group. Non-controlling interests in the net assets of consolidated subsidiaries are identified separately from the group’s equity therein. Non-controlling interests consist of the amount of those interests at the date of the original business combination and the non-controlling shareholder’s share of changes in equity since the date of the combination.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the group’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts and after eliminating sales within the group.

The group recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the group's activities.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

 

Access Garage Doors Limited

Notes to the Financial Statements for the Year Ended 31 May 2023

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the group operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the consolidated financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Freehold property

2% straight line

Short leasehold

over remaining life of lease

Plant and machinery

25% reducing balance

Fixtures and fittings

25% reducing balance

Motor vehicles

25% reducing balance

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

 

Access Garage Doors Limited

Notes to the Financial Statements for the Year Ended 31 May 2023

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the group will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the group does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the group’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

 

Access Garage Doors Limited

Notes to the Financial Statements for the Year Ended 31 May 2023

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the group has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Turnover

The analysis of the group's turnover for the year from continuing operations is as follows:

2023
£

2022
£

Sale of goods

9,012,463

10,229,613

Rental income from investment property

36,271

43,335

Other revenue

4,851

3,960

9,053,585

10,276,908

4

Other operating income

The analysis of the group's other operating income for the year is as follows:

2023
£

2022
£

Government grants

-

(44,497)

 

Access Garage Doors Limited

Notes to the Financial Statements for the Year Ended 31 May 2023

5

Other gains and losses

The analysis of the group's other gains and losses for the year is as follows:

2023
£

2022
£

Gain/(loss) on disposal of tangible assets

297

(1,402)

6

Operating profit

Arrived at after charging/(crediting)

2023
£

2022
£

Depreciation expense

93,253

89,428

(Profit)/loss on disposal of property, plant and equipment

(297)

1,402

7

Other interest receivable and similar income

2023
£

2022
£

Interest income on bank deposits

13,679

680

Dividend income

157

151

Other finance income

18

11

13,854

842

8

Interest payable and similar expenses

2023
£

2022
£

Interest expense on other finance liabilities

-

46

Foreign exchange losses

(8,026)

(4)

(8,026)

42

9

Staff costs

The aggregate payroll costs (including director's remuneration) were as follows:

2023
£

2022
£

Wages and salaries

2,005,629

2,100,988

Social security costs

152,771

155,689

Pension costs, defined contribution scheme

78,279

52,231

Other employee expense

22,969

19,539

2,259,648

2,328,447

 

Access Garage Doors Limited

Notes to the Financial Statements for the Year Ended 31 May 2023

The average number of persons employed by the group (including directors) during the year, analysed by category was as follows:

2023
No.

2022
No.

Production

14

17

Administration and support

6

6

Sales

31

29

Distribution

7

6

58

58

10

Directors' remuneration

The directors' remuneration for the year was as follows:

2023
£

2022
£

Remuneration

97,725

101,921

Contributions paid to money purchase schemes

40,000

6,248

137,725

108,169

11

Auditors' remuneration

2023
£

2022
£

Audit of these financial statements

22,045

22,045


 

12

Taxation

Tax charged/(credited) in the consolidated profit and loss account

2023
£

2022
£

Current taxation

UK corporation tax

67,711

186,307

Deferred taxation

Arising from origination and reversal of timing differences

12,859

(57)

Tax expense in the income statement

80,570

186,250

 

Access Garage Doors Limited

Notes to the Financial Statements for the Year Ended 31 May 2023

13

Tangible assets

Group

Land and buildings
£

Furniture, fittings and equipment
 £

Motor vehicles
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 June 2022

273,789

107,423

576,380

159,162

1,116,754

Additions

-

11,800

135,420

6,275

153,495

Disposals

-

-

(84,315)

-

(84,315)

At 31 May 2023

273,789

119,223

627,485

165,437

1,185,934

Depreciation

At 1 June 2022

198,491

78,941

356,841

138,322

772,595

Charge for the year

3,086

7,710

75,958

6,500

93,254

Eliminated on disposal

-

-

(72,196)

-

(72,196)

At 31 May 2023

201,577

86,651

360,603

144,822

793,653

Carrying amount

At 31 May 2023

72,212

32,572

266,882

20,615

392,281

At 31 May 2022

75,298

28,482

219,539

20,840

344,159

Included within the net book value of land and buildings above is £29,150 (2022 - £29,150) in respect of freehold land and buildings and £43,063 (2022 - £46,149) in respect of short leasehold land and buildings.
 

 

Access Garage Doors Limited

Notes to the Financial Statements for the Year Ended 31 May 2023

Company

Land and buildings
£

Furniture, fittings and equipment
 £

Motor vehicles
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 June 2022

273,789

107,423

576,380

159,162

1,116,754

Additions

-

11,800

135,420

6,275

153,495

Disposals

-

-

(84,315)

-

(84,315)

At 31 May 2023

273,789

119,223

627,485

165,437

1,185,934

Depreciation

At 1 June 2022

198,491

78,941

356,841

138,322

772,595

Charge for the year

3,086

7,710

75,958

6,500

93,254

Eliminated on disposal

-

-

(72,196)

-

(72,196)

At 31 May 2023

201,577

86,651

360,603

144,822

793,653

Carrying amount

At 31 May 2023

72,212

32,572

266,882

20,615

392,281

At 31 May 2022

75,298

28,482

219,539

20,840

344,159

Included within the net book value of land and buildings above is £29,150 (2022 - £29,150) in respect of freehold land and buildings and £43,063 (2022 - £46,149) in respect of short leasehold land and buildings.
 

 

Access Garage Doors Limited

Notes to the Financial Statements for the Year Ended 31 May 2023

14

Investment properties

Group

2023
£

At 1 June

1,058,418

Additions

287,131

At 31 May

1,345,549

There has been no valuation of investment property by an independent valuer.

15

Investments

Group

Details of undertakings

Details of the investments in which the group holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

     

2023

2022

Subsidiary undertakings

Capital Garage Doors Limited*

ordinary shares

100%

100%

 

England

     

Garage Door Associates Limited*

ordinary shares

100%

100%

 

England

     

Sparesmaster Limited*

ordinary shares

100%

100%

 

England

     

Access Holdings Limited*

ordinary shares

100%

100%

 

England

     

Access Garage Doors and Gates Limited*

ordinary shares

100%

100%

 

England

     

London Garage Doors Limited*

ordinary shares

100%

100%

 

England

     

Access Property One Limited

ordinary shares

100%

100%

 

England

     

Access Property Two Limited*

ordinary shares

100%

100%

 

Access Garage Doors Limited

Notes to the Financial Statements for the Year Ended 31 May 2023

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

 

England

     

Access Property Three Limited

ordinary shares

100%

100%

 

England

     

Access Property Four Limited

ordinary shares

100%

0%

 

England

     

* indicates direct investment of the company

Subsidiary undertakings

Capital Garage Doors Limited

The principal activity of Capital Garage Doors Limited is wholesalers of garage doors

Garage Door Associates Limited

The principal activity of Garage Door Associates Limited is garage door franchisor

Sparesmaster Limited

The principal activity of Sparesmaster Limited is salee of garage door spares

Access Holdings Limited

The principal activity of Access Holdings Limited is dormant holding company

Access Garage Doors and Gates Limited

The principal activity of Access Garage Doors and Gates Limited is dormant company

London Garage Doors Limited

The principal activity of London Garage Doors Limited is dormant company

Access Property One Limited

The principal activity of Access Property One Limited is investment in property

Access Property Two Limited

The principal activity of Access Property Two Limited is investment in property

Access Property Three Limited

The principal activity of Access Property Three Limited is investment in property

Access Property Four Limited

The principal activity of Access Property Four Limited is investment in property

Company

2023
£

2022
£

Investments in subsidiaries

35,146

35,146

 

Access Garage Doors Limited

Notes to the Financial Statements for the Year Ended 31 May 2023

Subsidiaries

£

Cost or valuation

At 1 June 2022

35,146

Provision

Carrying amount

At 31 May 2023

35,146

At 31 May 2022

35,146

16

Other financial assets

Group

Financial assets at fair value through profit and loss
£

Total
£

Current financial assets

Cost or valuation

At 1 June 2022

10,038

10,038

At 31 May 2023

10,038

10,038

Impairment

Carrying amount

At 31 May 2023

10,038

10,038

Company

Financial assets at fair value through profit and loss
£

Total
£

Current financial assets

Cost or valuation

At 1 June 2022

10,038

10,038

At 31 May 2023

10,038

10,038

Impairment

Carrying amount

At 31 May 2023

10,038

10,038

 

Access Garage Doors Limited

Notes to the Financial Statements for the Year Ended 31 May 2023

17

Stocks

 

Group

Company

2023
£

2022
£

2023
£

2022
£

Other inventories

1,179,905

1,036,579

240,515

215,076

18

Debtors

   

Group

Company

Current

Note

2023
£

2022
£

2023
£

2022
£

Trade debtors

 

647,089

429,407

212,532

55,386

Amounts owed by related parties

192,663

131,154

656,114

433,030

Other debtors

 

110,656

114,733

74,951

77,605

Prepayments

 

78,531

110,547

8,990

46,026

   

1,028,939

785,841

952,587

612,047

19

Cash and cash equivalents

 

Group

Company

2023
£

2022
£

2023
£

2022
£

Cash on hand

1,867

1,296

1,867

1,296

Cash at bank

126,363

217,201

114,565

156,193

Short-term deposits

1,972,876

2,624,894

1,972,876

2,624,894

2,101,106

2,843,391

2,089,308

2,782,383

 

Access Garage Doors Limited

Notes to the Financial Statements for the Year Ended 31 May 2023

20

Creditors

   

Group

Company

Note

2023
£

2022
£

2023
£

2022
£

Due within one year

 

Trade creditors

 

1,016,558

1,066,908

1,016,288

1,066,548

Social security and other taxes

 

170,966

130,137

170,966

130,137

Outstanding defined contribution pension costs

 

7,284

11,429

7,284

11,429

Other payables

 

21,421

30,956

7,955

5,834

Accruals

 

73,529

74,554

30,534

74,554

Income tax liability

12

67,727

186,308

12

81,250

 

1,357,485

1,500,292

1,233,039

1,369,752

21

Provisions for liabilities

Group

Deferred tax
£

Total
£

At 1 June 2022

37,115

37,115

Additional provisions

12,859

12,859

At 31 May 2023

49,974

49,974

Company

Deferred tax
£

Total
£

At 1 June 2022

37,115

37,115

Additional provisions

12,859

12,859

At 31 May 2023

49,974

49,974

22

Pension and other schemes

Defined contribution pension scheme

The group operates a defined contribution pension scheme. The pension cost charge for the year represents contributions payable by the group to the scheme and amounted to £78,279 (2022 - £52,231).

Contributions totalling £7,284 (2022 - £11,429) were payable to the scheme at the end of the year and are included in creditors.

23

Share capital

Allotted, called up and fully paid shares

 

Access Garage Doors Limited

Notes to the Financial Statements for the Year Ended 31 May 2023

 

2023

2022

 

No.

£

No.

£

Ordinary of £1 each

100

100

100

100

Ordinary B of £1 each

1

1

1

1

 

101

101

101

101

24

Dividends

Interim dividends paid

   

2023
£

 

2022
£

Interim dividend of £202,500.00 (2022 - £324,000.00) per each Ordinary B share

 

202,500

 

324,000