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Financial Statements |
Contents |
Page |
Members' report |
1 |
Chartered accountants report to the members on the preparation of the unaudited statutory financial statements |
2 |
Statement of comprehensive income (including profit and loss account) |
3 |
Balance sheet |
4 |
Reconciliation of members' interests |
6 |
Notes to the financial statements |
8 |
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Members' Report |
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Designated Member |
Registered office: |
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Chartered Accountants Report to the Members on the Preparation of the Unaudited Statutory Financial Statements of
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Statement of Comprehensive Income (Including Profit and Loss Account) |
2024 |
2023 |
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Note |
£ |
£ |
Turnover |
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Cost of sales |
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--------- |
--------- |
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Gross profit |
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Distribution costs |
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Administrative expenses |
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--------- |
--------- |
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Operating profit |
5 |
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Other interest receivable and similar income |
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Interest payable and similar expenses |
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--------- |
--------- |
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Profit for the financial year before members' remuneration and profit shares available for discretionary division among members |
290,131 |
281,231 |
--------- |
--------- |
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Balance Sheet |
2024 |
2023 |
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Note |
£ |
£ |
£ |
Tangible assets |
6 |
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Debtors |
7 |
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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 |
8 |
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-------- |
-------- |
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Net current assets |
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--------- |
--------- |
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Total assets less current liabilities |
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Creditors: amounts falling due after more than one year |
9 |
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--------- |
--------- |
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Net assets |
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--------- |
--------- |
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Other amounts |
10 |
39,971 |
38,345 |
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Members' capital classified as equity |
15,000 |
15,000 |
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Other reserves |
– |
– |
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-------- |
-------- |
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54,971 |
53,345 |
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-------- |
-------- |
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Loans and other debts due to members |
10 |
39,971 |
38,345 |
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Members' other interests |
15,000 |
15,000 |
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-------- |
-------- |
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54,971 |
53,345 |
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-------- |
-------- |
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Balance Sheet (continued) |
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Designated Member |
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Reconciliation of Members' Interests |
Members' other interests |
Loans and other debts due to members less any amounts due from members in debtors |
Total members' interests |
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Members' capital (classified as equity) |
Other reserves |
Total |
Other amounts |
Total |
Total 2024 |
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£ |
£ |
£ |
£ |
£ |
£ |
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Balance at 1 April 2023 |
15,000 |
– |
15,000 |
38,345 |
38,345 |
53,345 |
Members remuneration charged as an expense |
(288,505) |
(288,505) |
(288,505) |
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Profit for the financial year available for discretionary division among members |
290,131 |
290,131 |
290,131 |
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-------- |
--------- |
--------- |
--------- |
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Members' interests after profit for the year |
15,000 |
290,131 |
305,131 |
(250,160) |
(250,160) |
54,971 |
Other division of profits |
(290,131) |
(290,131) |
290,131 |
290,131 |
– |
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-------- |
--------- |
--------- |
--------- |
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-------- |
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Balance at 31 March 2024 |
15,000 |
– |
15,000 |
39,971 |
39,971 |
54,971 |
-------- |
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--------- |
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-------- |
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Reconciliation of Members' Interests (continued) |
Members' other interests |
Loans and other debts due to members less any amounts due from members in debtors |
Total members' interests |
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Members' capital (classified as equity) |
Other reserves |
Total |
Other amounts |
Total |
Total 2023 |
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£ |
£ |
£ |
£ |
£ |
£ |
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Balance at 1 April 2022 |
15,000 |
– |
15,000 |
43,678 |
43,678 |
58,678 |
Members remuneration charged as an expense |
(286,564) |
(286,564) |
(286,564) |
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Profit for the financial year available for discretionary division among members |
281,231 |
281,231 |
281,231 |
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-------- |
--------- |
--------- |
--------- |
--------- |
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Members' interests after profit for the year |
15,000 |
281,231 |
296,231 |
(242,886) |
(242,886) |
53,345 |
Other division of profits |
(281,231) |
(281,231) |
281,231 |
281,231 |
– |
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-------- |
--------- |
--------- |
--------- |
--------- |
-------- |
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Balance at 31 March 2023 |
15,000 |
– |
15,000 |
38,345 |
38,345 |
53,345 |
-------- |
--------- |
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Notes to the Financial Statements |
1. |
General information |
2. |
Statement of compliance |
3. |
Accounting policies |
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Notes to the Financial Statements (continued) |
Fixtures and fittings |
- |
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Motor vehicles |
- |
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Equipment |
- |
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4. |
Employee numbers |
5. |
Operating profit |
2024 |
2023 |
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£ |
£ |
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Depreciation of tangible assets |
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-------- |
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6. |
Tangible assets |
Fixtures and fittings |
Motor vehicles |
Equipment |
Total |
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£ |
£ |
£ |
£ |
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Cost |
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At 1 April 2023 |
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Additions |
– |
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– |
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Disposals |
– |
(
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– |
(
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---- |
--------- |
------- |
--------- |
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At 31 March 2024 |
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---- |
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------- |
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Depreciation |
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At 1 April 2023 |
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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 March 2024 |
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---- |
--------- |
------- |
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Carrying amount |
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At 31 March 2024 |
– |
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---- |
--------- |
------- |
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At 31 March 2023 |
– |
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---- |
--------- |
------- |
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7. |
Debtors |
2024 |
2023 |
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£ |
£ |
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Trade debtors |
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Other debtors |
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-------- |
-------- |
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-------- |
-------- |
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2024 |
2023 |
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£ |
£ |
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Other creditors |
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-------- |
-------- |
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2024 |
2023 |
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£ |
£ |
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Other creditors |
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-------- |
-------- |
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10. |
Loans and other debts due to members |
2024 |
2023 |
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£ |
£ |
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Amounts owed to members in respect of profits |
39,971 |
38,345 |
-------- |
-------- |
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