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Financial Statements |
Contents |
Page |
Strategic report |
1 |
Directors' report |
2 |
Independent auditor's report to the members |
4 |
Consolidated statement of comprehensive income |
8 |
Consolidated statement of financial position |
9 |
Company statement of financial position |
10 |
Consolidated statement of changes in equity |
11 |
Company statement of changes in equity |
12 |
Consolidated statement of cash flows |
13 |
Notes to the financial statements |
14 |
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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 accountants & statutory auditor |
Camburgh House |
27 New Dover Road |
Canterbury |
Kent |
CT1 3DN |
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Consolidated Statement of Comprehensive Income |
2023 |
2022 |
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Note |
£ |
£ |
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Turnover |
4 |
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Cost of sales |
(
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(
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------------ |
------------ |
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Gross profit |
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Administrative expenses |
(
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(
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------------ |
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Operating profit |
5 |
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Other interest receivable and similar income |
9 |
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Interest payable and similar expenses |
10 |
(
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(
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Profit before taxation |
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Tax on profit |
11 |
(
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(
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Profit for the financial year and total comprehensive income |
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------------ |
------------ |
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Consolidated Statement of Financial Position |
2023 |
2022 |
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Note |
£ |
£ |
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Tangible assets |
14 |
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Stocks |
16 |
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Debtors |
17 |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
18 |
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------------ |
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Net current assets |
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Total assets less current liabilities |
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Creditors: amounts falling due after more than one year |
19 |
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Taxation including deferred tax |
21 |
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------------ |
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Net assets |
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------------ |
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Called up share capital |
24 |
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Revaluation reserve |
25 |
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Profit and loss account |
25 |
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------------ |
------------ |
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Shareholders funds |
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------------ |
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Director |
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Company Statement of Financial Position |
2023 |
2022 |
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Note |
£ |
£ |
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Investments |
15 |
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Debtors |
17 |
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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 |
18 |
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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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------------ |
------------ |
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Called up share capital |
24 |
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Profit and loss account |
25 |
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------------ |
------------ |
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Shareholders funds |
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------------ |
------------ |
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Director |
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Consolidated Statement of Changes in Equity |
Called up share capital |
Revaluation reserve |
Profit and loss account |
Total |
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£ |
£ |
£ |
£ |
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At 1 December 2021 |
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Profit for the year |
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Other comprehensive income for the year: |
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Reclassification from revaluation reserve to profit and loss account |
– |
(
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– |
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---- |
--------- |
------------ |
------------ |
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Total comprehensive income for the year |
– |
(
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Dividends paid and payable |
12 |
– |
– |
(
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(
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---- |
--------- |
------------ |
------------ |
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Total investments by and distributions to owners |
– |
– |
(
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(
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At 30 November 2022 |
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Profit for the year |
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Other comprehensive income for the year: |
||||||
Reclassification from revaluation reserve to profit and loss account |
– |
(
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– |
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---- |
--------- |
------------ |
------------ |
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Total comprehensive income for the year |
– |
(
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Dividends paid and payable |
12 |
– |
– |
(
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(
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---- |
---- |
--------- |
--------- |
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Total investments by and distributions to owners |
– |
– |
(
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(
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---- |
--------- |
------------ |
------------ |
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At 30 November 2023 |
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---- |
--------- |
------------ |
------------ |
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Company Statement of Changes in Equity |
Called up share capital |
Profit and loss account |
Total |
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£ |
£ |
£ |
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At 1 December 2021 |
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Profit for the year |
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---- |
------------ |
------------ |
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Total comprehensive income for the year |
– |
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Dividends paid and payable |
12 |
– |
(
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(
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---- |
------------ |
------------ |
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Total investments by and distributions to owners |
– |
(
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(
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At 30 November 2022 |
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Profit for the year |
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---- |
------------ |
------------ |
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Total comprehensive income for the year |
– |
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Dividends paid and payable |
12 |
– |
(
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(
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---- |
--------- |
--------- |
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Total investments by and distributions to owners |
– |
(
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(
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---- |
------------ |
------------ |
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At 30 November 2023 |
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---- |
------------ |
------------ |
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Consolidated 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)/loss on disposal of tangible assets |
(
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Tax on profit |
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Accrued expenses/(income) |
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(
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Changes in: |
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Stocks |
(
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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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------------ |
------------ |
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Cash generated from operations |
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Interest paid |
(
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(
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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/(used in) operating activities |
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(
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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 investing activities |
(
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(
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--------- |
--------- |
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Repayments of borrowings |
(
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(
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Payments of finance lease liabilities |
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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 in cash and cash equivalents |
(
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(
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Cash and cash equivalents at beginning of year |
1,525,256 |
2,679,030 |
------------ |
------------ |
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Cash and cash equivalents at end of year |
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------------ |
------------ |
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Notes to the Financial Statements |
Goodwill |
- |
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Freehold & Leasehold Property |
- |
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Plant & Machinery |
- |
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Fixtures & Fittings |
- |
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Motor Vehicles |
- |
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Equipment |
- |
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2023 |
2022 |
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£ |
£ |
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Roadmarking and traffic management services |
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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)/loss on disposal of tangible assets |
(
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Impairment of trade debtors |
5,813 |
943 |
--------- |
--------- |
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2023 |
2022 |
|
£ |
£ |
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Fees payable for the audit of the financial statements |
|
|
-------- |
------- |
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Audit-related assurance services |
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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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---- |
---- |
|
2023 |
2022 |
|
£ |
£ |
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Wages and salaries |
|
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Other pension costs |
|
|
------------ |
------------ |
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------------ |
------------ |
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2023 |
2022 |
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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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2023 |
2022 |
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No. |
No. |
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Defined contribution plans |
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---- |
---- |
|
2023 |
2022 |
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£ |
£ |
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Interest on cash and cash equivalents |
|
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Other interest |
|
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-------- |
-------- |
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-------- |
-------- |
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2023 |
2022 |
|
£ |
£ |
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Interest on banks loans and overdrafts |
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Interest on obligations under finance leases and hire purchase contracts |
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-------- |
-------- |
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-------- |
-------- |
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2023 |
2022 |
|
£ |
£ |
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UK current tax expense |
|
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Adjustments in respect of prior periods |
(
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--------- |
--------- |
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Total current tax |
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--------- |
--------- |
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Origination and reversal of timing differences |
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--------- |
--------- |
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Tax on profit |
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|
--------- |
--------- |
|
2023 |
2022 |
|
£ |
£ |
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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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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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Movement in deferred tax provision |
142,179 |
99,627 |
------------ |
------------ |
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Tax on profit |
|
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------------ |
------------ |
|
2023 |
2022 |
|
£ |
£ |
|
Equity dividends on ordinary A shares |
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Equity dividends on ordinary B shares |
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Equity dividends on ordinary C shares |
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--------- |
--------- |
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--------- |
--------- |
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Group |
Goodwill |
£ |
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Cost |
|
At 1 December 2022 and 30 November 2023 |
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-------- |
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Amortisation |
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At 1 December 2022 and 30 November 2023 |
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-------- |
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Carrying amount |
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At 1 December 2022 and 30 November 2023 |
– |
-------- |
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At 30 November 2022 |
– |
-------- |
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Group |
Freehold & Leasehold Property |
Plant & Machinery |
Fixtures & Fittings |
Motor Vehicles |
Equipment |
Total |
£ |
£ |
£ |
£ |
£ |
£ |
|
Cost |
||||||
At 1 Dec 2022 |
|
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18,926 |
|
Additions |
– |
|
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|
– |
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Disposals |
– |
– |
– |
(
|
– |
(
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------------ |
--------- |
-------- |
------------ |
-------- |
------------ |
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At 30 Nov 2023 |
|
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18,926 |
|
------------ |
--------- |
-------- |
------------ |
-------- |
------------ |
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Depreciation |
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At 1 Dec 2022 |
|
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|
17,294 |
|
Charge for the year |
|
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|
|
489 |
|
Disposals |
– |
– |
– |
(
|
– |
(
|
------------ |
--------- |
-------- |
------------ |
-------- |
------------ |
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At 30 Nov 2023 |
|
|
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|
17,783 |
|
------------ |
--------- |
-------- |
------------ |
-------- |
------------ |
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Carrying amount |
||||||
At 30 Nov 2023 |
|
|
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|
1,143 |
|
------------ |
--------- |
-------- |
------------ |
-------- |
------------ |
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At 30 Nov 2022 |
|
|
|
|
1,632 |
|
------------ |
--------- |
-------- |
------------ |
-------- |
------------ |
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Group |
Plant & Machinery |
Motor Vehicles |
Total |
£ |
£ |
£ |
|
At 30 November 2023 |
|
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|
-------- |
------------ |
------------ |
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At 30 November 2022 |
|
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-------- |
------------ |
------------ |
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Company |
Shares in group undertakings |
£ |
|
Cost |
|
At 1 December 2022 and 30 November 2023 |
|
---- |
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Impairment |
|
At 1 December 2022 and 30 November 2023 |
– |
---- |
|
Carrying amount |
|
At 1 December 2022 and 30 November 2023 |
|
---- |
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At 30 November 2022 |
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---- |
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Class of share |
Percentage of shares held |
|
Subsidiary undertakings |
||
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Ordinary |
100 |
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Ordinary |
100 |
Group |
Company |
|||
2023 |
2022 |
2023 |
2022 |
|
£ |
£ |
£ |
£ |
|
Raw materials and consumables |
|
|
– |
– |
--------- |
--------- |
---- |
---- |
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Group |
Company |
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2023 |
2022 |
2023 |
2022 |
|
£ |
£ |
£ |
£ |
|
Trade debtors |
|
|
– |
– |
Amounts owed by group undertakings |
– |
– |
– |
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Amounts owed by undertakings in which the company has a participating interest |
|
|
– |
– |
Prepayments and accrued income |
|
|
– |
– |
Directors loan account |
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Other debtors |
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------------ |
------------ |
------------ |
------------ |
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------------ |
------------ |
------------ |
------------ |
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Group |
Company |
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2023 |
2022 |
2023 |
2022 |
|
£ |
£ |
£ |
£ |
|
Bank loans and overdrafts |
|
|
– |
– |
Trade creditors |
|
|
– |
– |
Amounts owed to group undertakings |
– |
– |
|
– |
Accruals and deferred income |
|
|
– |
– |
Corporation tax |
|
|
|
|
Social security and other taxes |
|
|
– |
– |
Obligations under finance leases and hire purchase contracts |
|
|
– |
– |
Other creditors |
|
|
|
|
------------ |
------------ |
--------- |
-------- |
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------------ |
------------ |
--------- |
-------- |
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Group |
Company |
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2023 |
2022 |
2023 |
2022 |
|
£ |
£ |
£ |
£ |
|
Bank loans and overdrafts |
|
|
– |
– |
Obligations under finance leases and hire purchase contracts |
|
|
– |
– |
------------ |
--------- |
---- |
---- |
|
|
|
– |
– |
|
------------ |
--------- |
---- |
---- |
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Group |
Company |
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2023 |
2022 |
2023 |
2022 |
|
£ |
£ |
£ |
£ |
|
Not later than 1 year |
|
|
– |
– |
Later than 1 year and not later than 5 years |
|
|
– |
– |
------------ |
--------- |
---- |
---- |
|
|
|
– |
– |
|
------------ |
--------- |
---- |
---- |
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Group |
Deferred tax (note 22) |
£ |
|
At 1 December 2022 |
|
Additions |
|
--------- |
|
At 30 November 2023 |
|
--------- |
|
Group |
Company |
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2023 |
2022 |
2023 |
2022 |
|
£ |
£ |
£ |
£ |
|
Included in provisions (note 21) |
|
|
– |
– |
--------- |
--------- |
---- |
---- |
|
Group |
Company |
|||
2023 |
2022 |
2023 |
2022 |
|
£ |
£ |
£ |
£ |
|
Accelerated capital allowances |
|
|
– |
– |
--------- |
--------- |
---- |
---- |
|
2023 |
2022 |
|||
No. |
£ |
No. |
£ |
|
|
|
150 |
|
150 |
|
|
30 |
|
30 |
|
|
10 |
|
10 |
---- |
---- |
---- |
---- |
|
|
190 |
|
190 |
|
---- |
---- |
---- |
---- |
|
At 1 Dec 2022 |
Cash flows |
At 30 Nov 2023 |
|
£ |
£ |
£ |
|
Cash at bank and in hand |
|
(24,050) |
|
Debt due within one year |
(311,973) |
(10,009) |
(321,982) |
Debt due after one year |
(916,278) |
(118,485) |
(1,034,763) |
------------ |
--------- |
------------ |
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(
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------------ |
--------- |
------------ |
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