Financial KPIs
|
Unit
|
2024
|
2023
|
Sales
|
£
|
9,873,755
|
8,702,038
|
Operaing (Loss)/Profit
|
£
|
(393,048)
|
(85,592)
|
EBITDA
|
£
|
(33,351)
|
298,228
|
Working capital
|
£
|
(2,242,008)
|
(1,609,586)
|
Return on capital employed
|
%
|
-
|
-
|
Working capital as % of sales
|
%
|
(23)
|
(18)
|
Director
|
20 August 2024
|
|
Director
|
|
for and on behalf of
|
|
7 Faraday Court
First Avenue, Centrum 100
Burton Upon Trent
Staffordshire
DE14 2WX
|
2024 | 2023 | |||
---|---|---|---|---|
Notes | £ | £ | ||
TURNOVER | 3 |
|
|
|
Cost of sales |
( |
( |
||
GROSS PROFIT |
|
|
||
Distribution costs |
( |
( |
||
Administrative expenses |
( |
( |
||
Other operating income |
|
|
||
OPERATING LOSS | 5 |
( |
( |
|
Profit on disposal of fixed assets |
|
|
||
Interest payable and similar charges | 10 |
( |
( |
|
LOSS BEFORE TAXATION |
( |
( |
||
Tax on Loss | 11 |
|
|
|
LOSS AFTER TAXATION BEING LOSS FOR THE FINANCIAL YEAR |
( |
( |
||
2024 | 2023 | |||
---|---|---|---|---|
£ | £ | |||
LOSS FOR THE FINANCIAL YEAR |
( |
( |
||
OTHER COMPREHENSIVE INCOME FOR THE YEAR | - | - | ||
TOTAL COMPREHENSIVE INCOME FOR THE YEAR |
( |
( |
||
2024 | 2023 | ||||
---|---|---|---|---|---|
Notes | £ | £ | £ | £ | |
FIXED ASSETS | |||||
Tangible Assets | 12 |
|
|
||
|
|
||||
CURRENT ASSETS | |||||
Stocks | 13 |
|
|
||
Debtors | 14 |
|
|
||
Cash at bank and in hand |
|
|
|||
|
|
||||
Creditors: Amounts Falling Due Within One Year | 15 |
( |
( |
||
NET CURRENT ASSETS (LIABILITIES) |
( |
( |
|||
TOTAL ASSETS LESS CURRENT LIABILITIES |
|
|
|||
NET ASSETS |
|
|
|||
CAPITAL AND RESERVES | |||||
Called up share capital | 17 |
|
|
||
Revaluation reserve |
|
|
|||
Profit and Loss Account |
|
|
|||
SHAREHOLDERS' FUNDS | 3,406,759 | 3,856,221 | |||
Director
|
|
Share Capital | Revaluation reserve | Profit and Loss Account | Total | |
---|---|---|---|---|
£ | £ | £ | £ | |
As at 1 April 2022 |
|
|
|
3,976,316 |
Loss for the year and total comprehensive income | - | - |
( |
(120,095) |
As at 31 March 2023 and 1 April 2023 |
|
|
|
3,856,221 |
Loss for the year and total comprehensive income | - | - |
( |
(449,462) |
As at 31 March 2024 |
|
|
|
3,406,759 |
2024 | 2023 | |||
---|---|---|---|---|
Notes | £ | £ | ||
Cash flows from operating activities | ||||
Net cash generated from operations | 1 |
|
|
|
Interest paid |
( |
( |
||
Tax refunded |
|
|
||
Net cash generated from operating activities |
|
|
||
Cash flows from investing activities | ||||
Purchase of tangible assets |
( |
( |
||
Proceeds from disposal of tangible assets |
|
|
||
Net cash used in investing activities |
( |
( |
||
Decrease in cash and cash equivalents |
|
( |
||
Cash and cash equivalents at beginning of year | 2 |
|
|
|
Cash and cash equivalents at end of year | 2 |
|
|
|
2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
Loss for the financial year |
( |
( |
|
Adjustments for: | |||
Tax on loss |
( |
( |
|
Interest expense |
|
|
|
Depreciation of tangible assets |
|
|
|
Profit on disposal of tangible assets | - | (377) | |
Movements in working capital: | |||
Decrease/(increase) in stocks |
|
( |
|
Decrease in trade and other debtors |
|
|
|
Increase/(decrease) in trade and other creditors |
|
( |
|
Net cash generated from operations |
|
|
|
2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
Cash at bank and in hand |
|
|
|
As at 1 April 2023 | Cash flows | As at 31 March 2024 | |
---|---|---|---|
£ | £ | £ | |
Cash at bank and in hand |
|
- |
|
Freehold |
|
Leasehold |
|
Plant & Machinery |
|
Motor Vehicles |
|
Fixtures & Fittings |
|
Computer Equipment |
|
2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
Sale of goods | 9,873,755 | 8,702,038 | |
2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
Other operating income |
|
|
|
9,390 | 11,815 | ||
2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
Bad debts | - | 9,989 | |
Depreciation of tangible fixed assets |
|
|
|
2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
Audit Services | |||
Audit of the company's financial statements |
|
|
|
2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
Wages and salaries |
|
|
|
Other pension costs |
|
|
|
|
|
||
2024 | 2023 | ||
---|---|---|---|
Sales, marketing and distribution |
|
|
|
Manufacturing |
|
|
|
|
|
||
2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
Emoluments |
|
|
|
Company contributions to money purchase pension schemes |
|
|
|
|
|
||
2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
Foreign exchange charges |
( |
( |
|
Other finance charges |
|
|
|
171,676 | 98,614 | ||
The tax credit on the loss for the year was as follows:
|
|||||
Tax Rate | 2024 | 2023 | |||
---|---|---|---|---|---|
2024 | 2023 | £ | £ | ||
Current tax | |||||
UK Corporation Tax | 25.0% | 19.0% |
|
( |
|
Prior period adjustment |
|
|
|||
|
( |
||||
Deferred Tax | |||||
Origination and reversal of timing differences |
( |
( |
|||
Total tax charge for the period |
( |
( |
|||
The actual credit for the year can be reconciled to the expected credit for the year based on the loss and the standard rate of corporation tax as follows:
|
|||||
2024 | 2023 | ||||
£ | £ | ||||
Profit before tax | (564,724) | (184,206) | |||
Tax on profit at 25% (UK standard rate) |
( |
( |
|||
Goodwill/depreciation not allowed for tax |
|
( |
|||
Tax losses utilised |
|
( |
|||
Short term timing differences |
( |
|
|||
Prior period adjustment |
|
|
|||
Total tax charge for the period | (115,262) | (64,111) | |||
Land & Property | ||||
---|---|---|---|---|
Freehold | Plant & Machinery | Motor Vehicles | Fixtures & Fittings | |
£ | £ | £ | £ | |
Cost | ||||
As at 1 April 2023 |
|
|
|
|
Additions |
|
|
|
|
Disposals |
|
( |
|
|
As at 31 March 2024 |
|
|
|
|
Depreciation | ||||
As at 1 April 2023 |
|
|
|
|
Provided during the period |
|
|
|
|
Disposals |
|
( |
|
|
As at 31 March 2024 |
|
|
|
|
Net Book Value | ||||
As at 31 March 2024 |
|
|
|
|
As at 1 April 2023 |
|
|
|
|
Computer Equipment | Total | |
---|---|---|
£ | £ | |
Cost | ||
As at 1 April 2023 |
|
|
Additions |
|
|
Disposals |
|
( |
As at 31 March 2024 |
|
|
Depreciation | ||
As at 1 April 2023 |
|
|
Provided during the period |
|
|
Disposals |
|
( |
As at 31 March 2024 |
|
|
Net Book Value | ||
As at 31 March 2024 |
|
|
As at 1 April 2023 |
|
|
2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
Materials |
|
|
|
Finished goods |
|
|
|
Work in progress |
|
|
|
|
|
||
2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
Due within one year | |||
Trade debtors |
|
|
|
Amounts owed by group undertakings | 5,752 | 1,173 | |
Other debtors | 863,931 | 779,052 | |
|
|
||
2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
Trade creditors |
|
|
|
Amounts owed to group undertakings |
|
|
|
Other creditors | 59,803 | 44,074 | |
Taxation and social security | 54,064 | 132,937 | |
Accruals and deferred income |
|
|
|
|
|
||
Deferred Tax | Total | |
---|---|---|
£ | £ | |
As at 1 April 2023 |
( |
(571,061) |
Additions |
( |
(115,262) |
Balance at 31 March 2024 |
( |
(686,323) |