Contents | |
Page | |
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Company Information | 1 |
Directors' Report | 2 |
Accountant's Report | 3 |
Profit and Loss Account | 4 |
Balance Sheet | 5—6 |
Statement of Changes in Equity | 7 |
Notes to the Financial Statements | 8—12 |
Directors |
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Company Number |
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Registered Office | Innovation House |
Kestral Road | |
Mansfield | |
Nottinghamshire | |
NG18 5FT | |
Accountants |
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100 Sherbrook Road | |
Nottingham | |
NG5 6AB | |
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Resigned |
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Director
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Signed |
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2023 | 2022 | |||
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Notes | £ | £ | ||
TURNOVER |
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Cost of sales |
( |
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GROSS PROFIT |
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Administrative expenses |
( |
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OPERATING PROFIT |
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Loss on disposal of fixed assets |
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Interest payable and similar charges |
( |
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PROFIT BEFORE TAXATION |
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Tax on Profit | 5 |
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PROFIT AFTER TAXATION BEING PROFIT FOR THE FINANCIAL YEAR |
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2023 | 2022 | ||||
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Notes | £ | £ | £ | £ | |
FIXED ASSETS | |||||
Intangible Assets | 6 |
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Tangible Assets | 7 |
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Investments | 8 |
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CURRENT ASSETS | |||||
Stocks | 9 |
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Debtors | 10 |
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Cash at bank and in hand |
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Creditors: Amounts Falling Due Within One Year | 11 |
( |
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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 | 12 |
( |
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NET ASSETS |
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CAPITAL AND RESERVES | |||||
Called up share capital | 13 |
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Revaluation reserve | 15 |
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Profit and Loss Account |
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SHAREHOLDERS' FUNDS | 1,595,412 | 1,555,036 | |||
Director
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Share Capital | Revaluation reserve | Profit and Loss Account | Total | |
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£ | £ | £ | £ | |
As at 1 January 2022 |
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1,473,257 |
Profit for the year and total comprehensive income | - | - |
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271,187 |
Dividends paid | - | - | (189,408) | (189,408) |
As at 31 December 2022 and 1 January 2023 |
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1,555,036 |
Profit for the year and total comprehensive income | - | - |
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254,240 |
Dividends paid | - | - | (213,864) | (213,864) |
As at 31 December 2023 |
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1,595,412 |
Freehold |
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Plant & Machinery |
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Motor Vehicles |
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Fixtures & Fittings |
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Computer Equipment |
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2023 | 2022 | ||
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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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Tax Rate | 2023 | 2022 | |||
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2023 | 2022 | £ | £ | ||
Current tax | |||||
UK Corporation Tax | 25.0% | 19.0% |
( |
( |
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Total tax charge for the period |
( |
( |
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2023 | 2022 | ||||
£ | £ | ||||
Profit before tax | 242,097 | 264,903 | |||
Breakdown of tax charge is: | |||||
Tax on profit at 25% (UK standard rate) |
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Goodwill/depreciation not allowed for tax |
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Expenses not deductible for tax purposes |
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Capital allowances |
( |
( |
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Research and Development tax credit |
( |
( |
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Total tax charge for the period | (12,143) | (6,284) | |||
Intellectual Property | |||
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£ | |||
Cost | |||
As at 1 January 2023 |
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As at 31 December 2023 |
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Amortisation | |||
As at 1 January 2023 |
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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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Land & Property | |||||
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Freehold | Motor Vehicles | Fixtures & Fittings | Computer Equipment | Total | |
£ | £ | £ | £ | £ | |
Cost or Valuation | |||||
As at 1 January 2023 |
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Additions |
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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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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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Unlisted | |
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£ | |
Cost | |
As at 1 January 2023 |
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As at 31 December 2023 |
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Provision | |
As at 1 January 2023 |
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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 | ||
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£ | £ | ||
Materials |
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2023 | 2022 | ||
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£ | £ | ||
Due within one year | |||
Prepayments and accrued income |
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Factored debts outstanding |
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Corporation tax recoverable assets |
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2023 | 2022 | ||
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£ | £ | ||
Trade creditors |
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Bank loans and overdrafts |
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Other taxes and social security |
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VAT |
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Other creditors |
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Accruals and deferred income |
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2023 | 2022 | ||
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£ | £ | ||
Bank loans |
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2023 | 2022 | ||
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£ | £ | ||
On equity shares: | |||
Interim dividend paid |
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213,864 | 189,408 | ||
Revaluation Reserve | |
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£ | |
As at 1 January 2023 |
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As at 31 December 2023 |
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