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For the year ended |
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Financial Statements |
Contents |
Page |
Officers and professional advisers |
1 |
Strategic report |
2 |
Directors' report |
4 |
Independent auditor's report to the member |
6 |
Statement of comprehensive income |
10 |
Statement of financial position |
11 |
Statement of changes in equity |
13 |
Notes to the financial statements |
14 |
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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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Enterprise House |
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38 Tyndall Court |
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Commerce Road |
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Lynch Wood |
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Peterborough |
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Cambridgeshire |
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PE2 6LR |
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Bankers |
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14/15 Hereward Cross |
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Peterborough |
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Cambridgeshire |
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PE1 1TB |
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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 Member of
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(Senior Statutory Auditor) |
For and on behalf of |
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Chartered Accountants & statutory auditor |
Enterprise House |
38 Tyndall Court |
Commerce Road |
Lynch Wood |
Peterborough |
Cambridgeshire |
PE2 6LR |
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Statement of Comprehensive Income |
2023 |
2022 |
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(restated) |
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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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Other operating income |
5 |
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Material operating profit item |
– |
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------------ |
------------ |
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Operating (loss)/profit |
6 |
(
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Interest payable and similar expenses |
11 |
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------------ |
------------ |
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(Loss)/profit before taxation |
(
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Tax on (loss)/profit |
12 |
(
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--------- |
--------- |
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(Loss)/profit for the financial year |
(
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--------- |
--------- |
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Revaluation of tangible assets |
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– |
--------- |
--------- |
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Total comprehensive income for the year |
(
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--------- |
--------- |
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Statement of Financial Position |
2023 |
2022 |
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(restated) |
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Note |
£ |
£ |
£ |
Tangible assets |
14 |
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Stock and work in progress |
15 |
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Debtors |
16 |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
17 |
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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 |
18 |
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Taxation including deferred tax |
20 |
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Other provisions |
20 |
– |
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--------- |
--------- |
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186,598 |
559,586 |
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------------ |
------------ |
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Net assets |
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Statement of Financial Position (continued) |
2023 |
2022 |
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(restated) |
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Note |
£ |
£ |
£ |
Called up share capital |
24 |
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Revaluation reserve |
25 |
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Capital redemption reserve |
25 |
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Profit and loss account |
25 |
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Shareholder funds |
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Director |
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Statement of Changes in Equity |
Called up share capital |
Revaluation reserve |
Capital redemption reserve |
Profit and loss account |
Total |
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£ |
£ |
£ |
£ |
£ |
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At 1 June 2021 |
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Profit for the year |
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---- |
-------- |
------- |
------------ |
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Total comprehensive income for the year |
– |
– |
– |
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Dividends paid and payable |
13 |
– |
– |
– |
(
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(
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---- |
-------- |
------- |
------------ |
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Total investments by and distributions to owners |
– |
– |
– |
(
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(
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At 31 May 2022 |
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Loss for the year |
(
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(
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Other comprehensive income for the year: |
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Revaluation of tangible assets |
14 |
– |
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– |
– |
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---- |
--------- |
------- |
------------ |
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Total comprehensive income for the year |
– |
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– |
(
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(
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Dividends paid and payable |
13 |
– |
– |
– |
(
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(
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---- |
---- |
---- |
--------- |
--------- |
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Total investments by and distributions to owners |
– |
– |
– |
(
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(
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---- |
--------- |
------- |
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At 31 May 2023 |
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---- |
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------- |
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Notes to the Financial Statements |
Freehold property |
- |
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Plant & Machinery |
- |
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Fixtures & Fittings |
- |
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Motor Vehicles |
- |
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Equipment |
- |
33
% straight line |
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2023 |
2022 |
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(restated) |
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£ |
£ |
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Sale of goods |
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------------- |
------------- |
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2023 |
2022 |
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(restated) |
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£ |
£ |
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Rental income |
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Management charges receivable |
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– |
Other operating income |
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--------- |
-------- |
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--------- |
-------- |
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2023 |
2022 |
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(restated) |
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£ |
£ |
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Depreciation of tangible assets |
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Gains on disposal of tangible assets |
(
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(
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--------- |
--------- |
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2023 |
2022 |
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(restated) |
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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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Management staff |
3 |
2 |
---- |
---- |
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---- |
---- |
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2023 |
2022 |
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(restated) |
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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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------------ |
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2023 |
2022 |
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(restated) |
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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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--------- |
--------- |
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2023 |
2022 |
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(restated) |
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No. |
No. |
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Defined contribution plans |
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---- |
---- |
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2023 |
2022 |
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(restated) |
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£ |
£ |
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Aggregate remuneration |
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--------- |
-------- |
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2023 |
2022 |
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£ |
£ |
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Exceptional costs |
– |
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---- |
--------- |
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2023 |
2022 |
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(restated) |
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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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Other interest payable and similar charges |
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– |
-------- |
--------- |
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-------- |
--------- |
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2023 |
2022 |
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(restated) |
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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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Tax on (loss)/profit |
(
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--------- |
--------- |
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2023 |
2022 |
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(restated) |
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£ |
£ |
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(Loss)/profit on ordinary activities before taxation |
(
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--------- |
--------- |
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(Loss)/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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Tax on (loss)/profit |
(
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--------- |
--------- |
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2023 |
2022 |
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(restated) |
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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 |
Equipment |
Total |
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£ |
£ |
£ |
£ |
£ |
£ |
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Cost or valuation |
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At 1 Jun 2022 (as restated) |
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73,421 |
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Additions |
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11,529 |
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Disposals |
– |
– |
– |
(
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– |
(
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Revaluations |
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– |
– |
– |
– |
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--------- |
--------- |
-------- |
------------ |
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At 31 May 2023 |
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84,950 |
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--------- |
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-------- |
------------ |
-------- |
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Depreciation |
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At 1 Jun 2022 |
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58,943 |
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Charge for the year |
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12,781 |
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Disposals |
– |
– |
– |
(
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– |
(
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Revaluations |
(
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– |
– |
– |
– |
(
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--------- |
--------- |
-------- |
------------ |
-------- |
------------ |
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At 31 May 2023 |
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71,724 |
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--------- |
--------- |
-------- |
------------ |
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Carrying amount |
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At 31 May 2023 |
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13,226 |
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--------- |
--------- |
-------- |
------------ |
-------- |
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At 31 May 2022 |
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14,478 |
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--------- |
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-------- |
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Freehold property |
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£ |
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At 31 May 2023 |
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Aggregate cost |
341,683 |
Aggregate depreciation |
(95,690) |
--------- |
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Carrying value |
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--------- |
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At 31 May 2022 |
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Aggregate cost |
341,683 |
Aggregate depreciation |
(90,077) |
--------- |
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Carrying value |
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--------- |
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Motor vehicles |
|
£ |
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At 31 May 2023 |
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--------- |
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At 31 May 2022 |
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--------- |
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2023 |
2022 |
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(restated) |
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£ |
£ |
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Raw materials and consumables |
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Work in progress |
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--------- |
------------ |
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--------- |
------------ |
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2023 |
2022 |
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(restated) |
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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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Directors loan account |
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Other debtors |
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------------ |
------------ |
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------------ |
------------ |
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2023 |
2022 |
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(restated) |
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£ |
£ |
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Bank loans and overdrafts |
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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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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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(restated) |
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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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Other creditors |
|
– |
------------ |
------------ |
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------------ |
------------ |
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2023 |
2022 |
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(restated) |
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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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Deferred tax (note 21) |
Other provision |
Total |
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£ |
£ |
£ |
|
At 1 June 2022 (as restated) |
|
300,000 |
|
Additions |
(
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(
300,000) |
(
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--------- |
--------- |
--------- |
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At 31 May 2023 |
|
– |
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--------- |
--------- |
--------- |
|
2023 |
2022 |
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(restated) |
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£ |
£ |
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Included in provisions (note 20) |
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|
--------- |
--------- |
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2023 |
2022 |
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(restated) |
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£ |
£ |
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Accelerated capital allowances |
|
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Revaluation of tangible assets |
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|
--------- |
--------- |
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186,598 |
259,586 |
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--------- |
--------- |
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2023 |
2022 |
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(restated) |
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No. |
£ |
No. |
£ |
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|
760 |
|
760 |
---- |
---- |
---- |
---- |
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2023 |
2022 |
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(restated) |
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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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