Director |
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Secretary |
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Company Number |
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Registered Office | 1 Rutland Court |
Edinburgh | |
Midlothian | |
EH3 8EY | |
Accountants |
|
Chartered Accountants | |
|
|
Liverpool | |
Merseyside | |
L1 3DN | |
Director
|
22 March 2024
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Resigned |
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Appointed |
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Director
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for and on behalf of
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2023 | 2022 | |||
---|---|---|---|---|
Notes | £ | £ | ||
TURNOVER | 3 |
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Cost of sales |
( |
( |
||
GROSS PROFIT |
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Administrative expenses |
( |
( |
||
Fair value losses on investment properties |
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( |
||
Fair value gains on investments |
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||
OPERATING (LOSS)/PROFIT |
( |
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||
Income from Shares in group undertakings |
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||
(Loss)/profit on disposal of fixed assets |
( |
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||
Other interest receivable and similar income | 7 |
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(LOSS)/PROFIT BEFORE TAXATION |
( |
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||
Tax on (Loss)/profit | 9 |
|
( |
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(LOSS)/PROFIT AFTER TAXATION BEING (LOSS)/PROFIT FOR THE FINANCIAL YEAR |
( |
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||
2023 | 2022 | ||||
---|---|---|---|---|---|
Notes | £ | £ | £ | £ | |
FIXED ASSETS | |||||
Tangible Assets | 10 |
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CURRENT ASSETS | |||||
Stocks | 11 |
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Debtors | 12 |
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Investments | 13 |
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Cash at bank and in hand |
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|||
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Creditors: Amounts Falling Due Within One Year | 14 |
( |
( |
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NET CURRENT ASSETS (LIABILITIES) |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
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|||
Creditors: Amounts Falling Due After More Than One Year |
( |
( |
|||
PROVISIONS FOR LIABILITIES | |||||
Deferred Taxation |
( |
( |
|||
NET ASSETS |
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CAPITAL AND RESERVES | |||||
Called up share capital | 17 |
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Share premium account |
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Profit and Loss Account |
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SHAREHOLDERS' FUNDS | 1,284,558 | 1,443,899 | |||
Director
|
|
Share Capital | Share Premium | Profit and Loss Account | Total | |
---|---|---|---|---|
£ | £ | £ | £ | |
As at 1 January 2022 |
|
|
|
1,273,854 |
Profit for the year and total comprehensive income | - | - |
|
170,045 |
As at 31 December 2022 and 1 January 2023 |
|
|
|
1,443,899 |
Loss for the year and total comprehensive income | - | - |
( |
(159,341) |
As at 31 December 2023 |
|
|
|
1,284,558 |
2023 | 2022 | |||
---|---|---|---|---|
Notes | £ | £ | ||
Cash flows from operating activities | ||||
Net cash generated from operations | 1 |
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|
Tax paid |
( |
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||
Further item of operating activities | 37,002 | 217,614 | ||
Net cash generated from operating activities |
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Cash flows from investing activities | ||||
Purchase of tangible assets |
( |
( |
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Proceeds from disposal of tangible assets |
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Proceeds from disposal of current asset investments |
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Interest received |
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Dividends received |
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Net cash generated from/(used in) investing activities |
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( |
||
Cash flows from financing activities | ||||
Repayment of bank borrowings |
( |
( |
||
Repayment of finance leases |
( |
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||
Net cash used in financing activities |
( |
( |
||
Increase in cash and cash equivalents |
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Cash and cash equivalents at beginning of year | 2 |
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Cash and cash equivalents at end of year | 2 |
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2023 | 2022 | ||
---|---|---|---|
£ | £ | ||
(Loss)/profit for the financial year |
( |
|
|
Adjustments for: | |||
Tax on (loss)/profit |
( |
|
|
Interest income | - |
( |
|
Income from shares in group undertakings | (55,469) | - | |
Depreciation of tangible assets |
|
|
|
Loss/(profit) on disposal of tangible assets | 91,608 | (17,338) | |
Net fair value (gains)/losses recognised in profit or loss | (19,040) | 130,480 | |
Foreign exchange gains | (13,498) | (29,764) | |
Movements in working capital: | |||
Decrease/(increase) in stocks |
|
( |
|
Decrease in trade and other debtors |
|
|
|
Decrease in trade and other creditors |
( |
( |
|
Net cash generated from operations |
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2023 | 2022 | ||
---|---|---|---|
£ | £ | ||
Cash at bank and in hand |
|
|
|
As at 1 January 2023 | Cash flows | As at 31 December 2023 | |
---|---|---|---|
£ | £ | £ | |
Cash at bank and in hand |
|
357,234 |
|
Finance leases | (14,731) | 4,652 | (10,079) |
Debts falling due within one year |
( |
32,302 |
|
Debts falling due after more than one year | (159,595) | 159,595 | - |
791,126 | 553,783 | 1,344,909 | |
Freehold |
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Plant and machinery |
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Motor vehicles |
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Fixtures and fittings |
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2023 | 2022 | ||
---|---|---|---|
£ | £ | ||
United Kingdom |
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|
Rest of the world |
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|
12,037,480 | 13,291,240 | ||
2023 | 2022 | ||
---|---|---|---|
£ | £ | ||
Audit Services | |||
Audit of the company's financial statements |
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|
2023 | 2022 | ||
---|---|---|---|
£ | £ | ||
Wages and salaries |
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Social security costs |
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Other pension costs |
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2023 | 2022 | ||
---|---|---|---|
Office and administration |
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Sales, marketing and distribution |
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Finance department: |
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2023 | 2022 | ||
---|---|---|---|
£ | £ | ||
Dividends from shares in subsidiaries |
|
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Other interest receivable | - | 10,819 | |
55,469 | 10,819 | ||
The tax (credit)/charge on the (loss)/profit for the year was as follows:
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Tax Rate | 2023 | 2022 | |||
---|---|---|---|---|---|
2023 | 2022 | £ | £ | ||
Current tax | |||||
UK Corporation Tax | 19.0% | 19.0% |
( |
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Prior period adjustment |
( |
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|||
( |
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Deferred Tax | |||||
Deferred taxation |
( |
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|||
Total tax charge for the period |
( |
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The actual (credit)/charge for the year can be reconciled to the expected (credit)/charge for the year based on the (loss)/profit and the standard rate of corporation tax as follows:
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2023 | 2022 | ||||
£ | £ | ||||
Profit before tax | (195,706) | 233,364 | |||
Tax on profit at 19% (UK standard rate) |
( |
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|||
Expenses not deductible for tax purposes |
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Capital allowances |
( |
( |
|||
Short term timing differences |
( |
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|||
Prior period adjustment |
( |
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|||
Dividends from companies |
( |
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|||
Total tax charge for the period | (36,365) | 63,319 | |||
Land & Property | |||||
---|---|---|---|---|---|
Freehold | Plant and machinery | Motor vehicles | Fixtures and fittings | Total | |
£ | £ | £ | £ | £ | |
Cost | |||||
As at 1 January 2023 |
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Additions |
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Disposals |
( |
( |
( |
( |
( |
As at 31 December 2023 |
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Depreciation | |||||
As at 1 January 2023 |
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Provided during the period |
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Disposals |
|
( |
( |
|
( |
As at 31 December 2023 |
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Net Book Value | |||||
As at 31 December 2023 |
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As at 1 January 2023 |
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2023 | 2022 | ||
---|---|---|---|
£ | £ | ||
Materials |
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2023 | 2022 | ||
---|---|---|---|
£ | £ | ||
Due within one year | |||
Trade debtors |
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Prepayments and accrued income |
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Other debtors |
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Corporation tax recoverable assets |
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|
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2023 | 2022 | ||
---|---|---|---|
£ | £ | ||
Shares in subsidiaries | - |
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- |
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||
2023 | 2022 | ||
---|---|---|---|
£ | £ | ||
Net obligations under finance lease and hire purchase contracts |
|
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Trade creditors |
|
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Bank loans and overdrafts | - |
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Corporation tax | - |
|
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Other taxes and social security |
|
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VAT |
|
|
|
Advances under discounting facility |
|
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Other creditor |
|
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Accruals and deferred income |
|
|
|
|
|
||
2023 | 2022 | ||
---|---|---|---|
£ | £ | ||
The future minimum finance lease payments are as follows: | |||
Not later than one year |
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Later than one year and not later than five years |
|
|
|
|
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Deferred Tax | Total | |
---|---|---|
£ | £ | |
As at 1 January 2023 |
|
4,548 |
Additions |
( |
(2,694) |
Balance at 31 December 2023 |
|
1,854 |
2023 | 2022 | ||
---|---|---|---|
£ | £ | ||
Not later than one year |
|
|
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Later than one year and not later than five years |
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