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Financial Statements |
Contents |
Page |
Strategic report |
1 |
Director's report |
3 |
Independent auditor's report to the member |
5 |
Statement of income and retained earnings |
9 |
Statement of financial position |
10 |
Statement of cash flows |
11 |
Accounting policies |
12 |
Notes to the financial statements |
14 |
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Strategic Report |
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Director |
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Registered office: |
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Middlesex |
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Director's Report |
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Director |
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Registered office: |
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Middlesex |
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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 |
269 Farnborough Road |
Farnborough |
Hampshire |
GU14 7LY |
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Statement of Income and Retained Earnings |
2023 |
2022 |
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Note |
£ |
£ |
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Turnover |
3 |
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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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------------ |
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Operating profit |
4 |
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Other interest receivable and similar income |
8 |
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Interest payable and similar expenses |
9 |
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– |
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Profit before taxation |
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Tax on profit |
10 |
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Profit for the financial year and total comprehensive income |
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------------ |
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Dividends paid and payable |
11 |
(
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(
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Retained earnings at the start of the year |
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------------ |
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Retained earnings at the end of the year |
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Statement of Financial Position |
2023 |
2022 |
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Note |
£ |
£ |
Tangible assets |
13 |
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Debtors |
14 |
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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 |
15 |
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Net current assets |
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------------ |
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Total assets less current liabilities |
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------------ |
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Net assets |
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------------ |
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Called up share capital |
19 |
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Profit and loss account |
20 |
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------------ |
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Shareholder funds |
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------------ |
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Director |
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Statement of Cash Flows |
2023 |
2022 |
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£ |
£ |
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Profit for the financial year |
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Adjustments for: |
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Depreciation of tangible assets |
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Other interest receivable and similar income |
(
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(
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Interest payable and similar expenses |
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– |
Gains on disposal of tangible assets |
(
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(
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Tax on profit |
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Accrued (income)/expenses |
(
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Changes in: |
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Trade and other debtors |
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(
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Trade and other creditors |
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------------ |
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Cash generated from operations |
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Interest paid |
(
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– |
Interest received |
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Tax paid |
(
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(
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------------ |
------------ |
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Net cash from operating activities |
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------------ |
------------ |
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Purchase of tangible assets |
(
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(
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Proceeds from sale of tangible assets |
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------------ |
------------ |
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Net cash (used in)/from investing activities |
(
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------------ |
------------ |
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Dividends paid |
(
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(
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------------ |
------------ |
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Net cash used in financing activities |
(
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(
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------------ |
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Net (decrease)/increase in cash and cash equivalents |
(
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Cash and cash equivalents at beginning of year |
2,054,663 |
1,269,886 |
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Cash and cash equivalents at end of year |
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Accounting Policies |
Plant and machinery |
- |
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Fixtures and fittings |
- |
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Notes to the Financial Statements |
2023 |
2022 |
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£ |
£ |
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Rendering of services |
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------------- |
------------- |
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2023 |
2022 |
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£ |
£ |
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United Kingdom |
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Overseas |
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------------- |
------------- |
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------------- |
------------- |
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2023 |
2022 |
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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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Impairment of trade debtors |
245 |
(105) |
-------- |
--------- |
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2023 |
2022 |
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£ |
£ |
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Fees payable for the audit of the financial statements |
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------- |
------- |
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2023 |
2022 |
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No. |
No. |
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Production staff |
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Administrative staff |
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---- |
---- |
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---- |
---- |
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2023 |
2022 |
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£ |
£ |
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Wages and salaries |
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Social security costs |
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Other pension costs |
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------------ |
------------ |
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------------ |
------------ |
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2023 |
2022 |
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£ |
£ |
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Remuneration |
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-------- |
-------- |
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2023 |
2022 |
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£ |
£ |
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Interest on cash and cash equivalents |
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------- |
---- |
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2023 |
2022 |
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£ |
£ |
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Interest payable |
12,669 |
– |
-------- |
---- |
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2023 |
2022 |
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£ |
£ |
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UK current tax expense |
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Origination and reversal of timing differences |
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(
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--------- |
--------- |
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Tax on profit |
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--------- |
--------- |
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2023 |
2022 |
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£ |
£ |
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Profit on ordinary activities before taxation |
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------------ |
------------ |
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Profit on ordinary activities by rate of tax |
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Effect of expenses not deductible for tax purposes |
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Effect of capital allowances and depreciation |
(
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(
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------------ |
------------ |
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Tax on profit |
|
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------------ |
------------ |
|
2023 |
2022 |
|
£ |
£ |
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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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Goodwill |
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£ |
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Cost |
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At 1 November 2022 and 31 October 2023 |
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-------- |
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Amortisation |
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At 1 November 2022 and 31 October 2023 |
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-------- |
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Carrying amount |
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At 31 October 2023 |
– |
-------- |
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At 31 October 2022 |
– |
-------- |
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Plant and machinery |
Fixtures and fittings |
Total |
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£ |
£ |
£ |
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Cost |
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At 1 November 2022 |
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Additions |
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Disposals |
(
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– |
(
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--------- |
-------- |
--------- |
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At 31 October 2023 |
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--------- |
-------- |
--------- |
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Depreciation |
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At 1 November 2022 |
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Charge for the year |
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Disposals |
(
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– |
(
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--------- |
-------- |
--------- |
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At 31 October 2023 |
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--------- |
-------- |
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Carrying amount |
|||
At 31 October 2023 |
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--------- |
-------- |
--------- |
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At 31 October 2022 |
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--------- |
-------- |
--------- |
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2023 |
2022 |
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£ |
£ |
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Trade debtors |
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Deferred tax asset |
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Prepayments and accrued income |
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Other debtors |
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------------ |
------------ |
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------------ |
------------ |
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2023 |
2022 |
|
£ |
£ |
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Trade creditors |
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Accruals and deferred income |
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Corporation tax |
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Social security and other taxes |
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Other creditors |
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------------ |
------------ |
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------------ |
------------ |
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2023 |
2022 |
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£ |
£ |
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Included in debtors (note 14) |
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-------- |
-------- |
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2023 |
2022 |
|
£ |
£ |
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Deferred tax -effect of differences of capital allowances and depreciation |
(13,780)
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(37,368)
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-------- |
-------- |
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2023 |
2022 |
|
£ |
£ |
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Financial assets measured at fair value through profit or loss |
1,901,120 |
2,054,663 |
------------ |
------------ |
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2023 |
2022 |
|||
No. |
£ |
No. |
£ |
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|
100 |
|
100 |
---- |
---- |
---- |
---- |
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At 1 Nov 2022 |
Cash flows |
At 31 Oct 2023 |
|
£ |
£ |
£ |
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Cash at bank and in hand |
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(153,543) |
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------------ |
--------- |
------------ |
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