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Financial Statements |
Contents |
Page |
Strategic report |
1 |
Directors' report |
3 |
Independent auditor's report to the members |
6 |
Consolidated income statement |
9 |
Consolidated statement of income and retained earnings |
10 |
Company statement of income and retained earnings |
11 |
Consolidated statement of financial position |
12 |
Company statement of financial position |
13 |
Consolidated statement of cash flows |
14 |
Notes to the financial statements |
15 |
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Strategic Report |
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Director |
Registered office: |
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Directors' Report |
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Director |
Registered office: |
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Independent Auditor's Report to the Members of
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(Senior Statutory Auditor) |
For and on behalf of |
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Chartered Certified Accountants & Statutory Auditors |
Maruti House |
1st Floor |
369 Station Road |
Harrow |
HA1 2AW |
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Consolidated Income Statement |
2024 |
2023 |
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Note |
£ |
£ |
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Turnover |
4 |
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Cost of sales |
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Gross profit |
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Distribution costs |
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Administrative expenses |
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Other operating income |
5 |
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Operating profit |
6 |
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Other interest receivable and similar income |
10 |
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Interest payable and similar expenses |
11 |
– |
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Profit before taxation |
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Tax on profit |
12 |
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--------- |
--------- |
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Profit for the financial year |
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--------- |
--------- |
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Consolidated Statement of Income and Retained Earnings |
2024 |
2023 |
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Note |
£ |
£ |
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Profit for the financial year and total comprehensive income |
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Dividends paid and payable |
13 |
(
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(
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Retained earnings at the start of the year |
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Retained earnings at the end of the year |
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Company Statement of Income and Retained Earnings |
2024 |
2023 |
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Note |
£ |
£ |
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Profit for the financial year and total comprehensive income |
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Dividends paid and payable |
13 |
(
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(
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Retained earnings at the start of the year |
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Retained earnings at the end of the year |
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Consolidated Statement of Financial Position |
2024 |
2023 |
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Note |
£ |
£ |
Tangible assets |
15 |
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Stocks |
17 |
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Debtors |
18 |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
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Trade creditors |
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Other creditors including taxation and social security |
19 |
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Accruals and deferred income |
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Net current assets |
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Total assets less current liabilities |
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Provisions |
20 |
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Net assets |
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Called up share capital |
24 |
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Share premium account |
25 |
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Profit and loss account |
25 |
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Shareholders funds |
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Director |
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Company Statement of Financial Position |
2024 |
2023 |
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Note |
£ |
£ |
Tangible assets |
15 |
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Investments |
16 |
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-------- |
-------- |
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Stocks |
17 |
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Debtors |
18 |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
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Trade creditors |
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Other creditors including taxation and social security |
19 |
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Accruals and deferred income |
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------------ |
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Net current assets |
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Total assets less current liabilities |
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Provisions |
20 |
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Net assets |
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Called up share capital |
24 |
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Share premium account |
25 |
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Profit and loss account |
25 |
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Shareholders funds |
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Director |
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Consolidated Statement of Cash Flows |
2024 |
2023 |
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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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Tax on profit |
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3,934
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Accrued (income)/expenses |
(
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Changes in: |
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Stocks |
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Trade and other debtors |
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Trade and other creditors |
(
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(
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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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------------ |
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Net cash used in investing activities |
(
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(
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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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Net increase in cash and cash equivalents |
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Cash and cash equivalents at beginning of year |
5,192,403 |
3,286,743 |
------------ |
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Cash and cash equivalents at end of year |
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Notes to the Financial Statements |
Patents, trademarks and licences |
- |
Straight line basis over 5 years |
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Fixtures and fittings |
- |
Straight line over a period of 3 and 5 years |
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Motor vehicles |
- |
Straight line over a period of 3 years |
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2024 |
2023 |
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£ |
£ |
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Sale of goods |
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------------- |
------------- |
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2024 |
2023 |
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£ |
£ |
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Other operating income |
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--------- |
--------- |
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2024 |
2023 |
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£ |
£ |
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Depreciation of tangible assets |
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Impairment of trade debtors |
9,309 |
(8,097) |
Foreign exchange differences |
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(
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-------- |
--------- |
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2024 |
2023 |
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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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2024 |
2023 |
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No. |
No. |
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Production staff |
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Distribution staff |
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Administrative staff |
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Design and Development |
23 |
24 |
---- |
---- |
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---- |
---- |
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2024 |
2023 |
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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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2024 |
2023 |
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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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2024 |
2023 |
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£ |
£ |
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Aggregate remuneration |
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------------ |
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2024 |
2023 |
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£ |
£ |
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Interest on cash and cash equivalents |
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--------- |
-------- |
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2024 |
2023 |
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£ |
£ |
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Other interest payable and similar charges |
– |
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---- |
-------- |
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2024 |
2023 |
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£ |
£ |
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UK current tax expense/(income) |
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Tax on profit |
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3,934
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--------- |
------- |
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2024 |
2023 |
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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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Adjustment to tax charge in respect of prior periods |
– |
(
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--------- |
--------- |
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Tax on profit |
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(3,934) |
--------- |
--------- |
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2024 |
2023 |
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£ |
£ |
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Dividend paid |
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--------- |
--------- |
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Group and company |
Patents, trademarks and licences |
£ |
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Cost |
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At 1 April 2023 and 31 March 2024 |
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-------- |
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Amortisation |
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At 1 April 2023 and 31 March 2024 |
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Carrying amount |
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At 1 April 2023 and 31 March 2024 |
– |
-------- |
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At 31 March 2023 |
– |
-------- |
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Group and company |
Fixtures and fittings |
Motor vehicles |
Total |
£ |
£ |
£ |
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Cost |
|||
At 1 April 2023 |
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Additions |
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– |
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--------- |
------- |
--------- |
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At 31 March 2024 |
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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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--------- |
------- |
--------- |
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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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------- |
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At 31 March 2023 |
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------- |
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Company |
Shares in group undertakings |
£ |
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Cost |
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At 1 April 2023 |
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Revaluations |
(
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-------- |
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At 31 March 2024 |
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-------- |
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Impairment |
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At 1 April 2023 and 31 March 2024 |
– |
-------- |
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Carrying amount |
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At 31 March 2024 |
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At 31 March 2023 |
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Registered office |
Class of share |
Percentage of shares held |
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Subsidiary undertakings |
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Eschweiler |
Ordinary Shares |
100 |
Geschaftsanschrift |
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Schnellengasse 2,55249 Eschweiler |
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Group |
Company |
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2024 |
2023 |
2024 |
2023 |
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£ |
£ |
£ |
£ |
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Raw materials and consumables |
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------------ |
------------ |
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------------ |
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Group |
Company |
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2024 |
2023 |
2024 |
2023 |
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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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Other debtors |
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------------ |
------------ |
------------ |
------------ |
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------------ |
------------ |
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------------ |
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Group |
Company |
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2024 |
2023 |
2024 |
2023 |
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£ |
£ |
£ |
£ |
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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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Group and company |
Deferred tax (note 21) |
£ |
|
At 1 April 2023 and 31 March 2024 |
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-------- |
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Group |
Company |
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2024 |
2023 |
2024 |
2023 |
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£ |
£ |
£ |
£ |
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Included in provisions (note 20) |
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-------- |
-------- |
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Group |
Company |
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2024 |
2023 |
2024 |
2023 |
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£ |
£ |
£ |
£ |
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Accelerated capital allowances |
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Provisions |
(
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(
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(
|
(
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-------- |
-------- |
-------- |
-------- |
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– |
– |
– |
– |
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-------- |
-------- |
-------- |
-------- |
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2024 |
2023 |
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No. |
£ |
No. |
£ |
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|
50,000 |
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50,000 |
-------- |
-------- |
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-------- |
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At 1 Apr 2023 |
Cash flows |
At 31 Mar 2024 |
|
£ |
£ |
£ |
|
Cash at bank and in hand |
|
1,722,035 |
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------------ |
------------ |
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Transaction value |
Balance owed by/(owed to) |
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2024 |
2023 |
2024 |
2023 |
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£ |
£ |
£ |
£ |
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Rudy & Sons Limited. |
150,000 |
150,000 |
– |
– |
--------- |
--------- |
---- |
---- |
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Notes to the Financial Statements (continued) |
Transaction value |
Balance owed by/(owed to) |
|||
2024 |
2023 |
2024 |
2023 |
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£ |
£ |
£ |
£ |
|
Rudy & Sons Limited. |
150,000 |
150,000 |
– |
– |
--------- |
--------- |
---- |
---- |
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