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Financial Statements |
Contents |
Page |
Officers and professional advisers |
1 |
Strategic report |
2 |
Directors' report |
4 |
Independent auditor's report to the members |
6 |
Statement of income and retained earnings |
10 |
Statement of financial position |
11 |
Statement of cash flows |
12 |
Notes to the financial statements |
13 |
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Officers and Professional Advisers |
The board of directors |
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Company secretary |
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Registered office |
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Auditor |
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Chartered accountants & statutory auditor |
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50 Campsie Road |
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Omagh |
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Co Tyrone |
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BT79 0AG |
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Bankers |
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2-4 East Bridge Street |
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Enniskillen |
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Co Fermanagh |
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BT74 7BT |
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Solicitors |
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33 East Bridge Street |
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Enniskillen |
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Co Fermanagh |
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BT74 7BW |
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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 |
50 Campsie Road |
Omagh |
Co Tyrone |
BT79 0AG |
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Statement of Income and Retained Earnings |
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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Gross profit |
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Administrative expenses |
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Other operating income |
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------------ |
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Operating profit |
5 |
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Interest payable and similar expenses |
8 |
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Profit before taxation |
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Tax on profit |
9 |
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--------- |
--------- |
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(Loss)/profit for the financial year and total comprehensive income |
(
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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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Statement of Financial Position |
2023 |
2022 |
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Note |
£ |
£ |
Tangible assets |
10 |
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Stocks |
11 |
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Debtors |
12 |
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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 |
14 |
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Net current liabilities |
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Total assets less current liabilities |
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Creditors: amounts falling due after more than one year |
15 |
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Provisions |
17 |
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Net assets |
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Called up share capital |
20 |
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Profit and loss account |
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Shareholders funds |
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------------ |
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Director |
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Statement of Cash Flows |
2023 |
2022 |
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Note |
£ |
£ |
(Loss)/profit for the financial year |
(
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Adjustments for: |
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Depreciation of tangible assets |
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Interest payable and similar expenses |
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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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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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Proceeds from borrowings |
(
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(
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Payments of finance lease liabilities |
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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 increase/(decrease) in cash and cash equivalents |
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(
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Cash and cash equivalents at beginning of year |
181,695 |
666,805 |
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Cash and cash equivalents at end of year |
13 |
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--------- |
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Notes to the Financial Statements |
Freehold property |
- |
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Fixtures and 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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Sale of goods |
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Rendering of services |
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Rental Income |
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------------ |
------------ |
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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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Operating lease rentals |
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Foreign exchange differences |
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--------- |
--------- |
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2023 |
2022 |
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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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2023 |
2022 |
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No. |
No. |
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Administrative staff |
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Management staff |
12 |
13 |
Number of other staff - hotel & catering |
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Number of other staff - sales |
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---- |
---- |
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---- |
---- |
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2023 |
2022 |
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£ |
£ |
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Wages and salaries |
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Other pension costs |
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------------ |
------------ |
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------------ |
------------ |
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2023 |
2022 |
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£ |
£ |
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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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£ |
£ |
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UK current tax expense |
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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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--------- |
-------- |
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2023 |
2022 |
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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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Effect of capital allowances and depreciation |
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--------- |
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Tax on profit |
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--------- |
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Freehold property |
Fixtures and fittings |
Motor vehicles |
Equipment |
Investment Property |
Total |
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£ |
£ |
£ |
£ |
£ |
£ |
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Cost |
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At 1 Dec 2022 |
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217,500
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Additions |
– |
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– |
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------------ |
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--------- |
-------- |
--------- |
------------- |
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At 30 Nov 2023 |
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217,500
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------------ |
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-------- |
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Depreciation |
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At 1 Dec 2022 |
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– |
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Charge for the year |
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– |
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------------ |
------------ |
--------- |
-------- |
--------- |
------------- |
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At 30 Nov 2023 |
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– |
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------------ |
------------ |
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-------- |
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------------- |
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Carrying amount |
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At 30 Nov 2023 |
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217,500
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------------ |
------------ |
--------- |
-------- |
--------- |
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At 30 Nov 2022 |
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217,500
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------------ |
------------ |
--------- |
-------- |
--------- |
------------- |
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2023 |
2022 |
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£ |
£ |
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Raw materials and consumables |
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-------- |
-------- |
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2023 |
2022 |
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£ |
£ |
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Trade debtors |
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Prepayments and accrued income |
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DAMIRACO Ltd |
– |
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Sign Design Ltd |
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38,660
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Other debtors |
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--------- |
--------- |
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--------- |
--------- |
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2023 |
2022 |
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£ |
£ |
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Cash at bank and in hand |
|
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Bank overdrafts |
(
|
– |
--------- |
--------- |
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--------- |
--------- |
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2023 |
2022 |
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£ |
£ |
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Bank loans and overdrafts |
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Trade creditors |
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Accruals and deferred income |
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Corporation tax |
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Social security and other taxes |
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Obligations under finance leases and hire purchase contracts |
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Director loan accounts |
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Wage Accrual |
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Other creditors |
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------------ |
------------ |
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------------ |
------------ |
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2023 |
2022 |
|
£ |
£ |
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Bank loans and overdrafts |
|
|
Obligations under finance leases and hire purchase contracts |
|
|
--------- |
--------- |
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--------- |
--------- |
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2023 |
2022 |
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£ |
£ |
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Not later than 1 year |
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Later than 1 year and not later than 5 years |
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--------- |
--------- |
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--------- |
--------- |
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Deferred tax (note 18) |
|
£ |
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At 1 December 2022 |
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Additions |
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--------- |
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At 30 November 2023 |
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--------- |
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2023 |
2022 |
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£ |
£ |
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Included in provisions (note 17) |
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--------- |
--------- |
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2023 |
2022 |
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£ |
£ |
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Accelerated capital allowances |
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--------- |
--------- |
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2023 |
2022 |
|||
No. |
£ |
No. |
£ |
|
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|
51,001 |
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51,001 |
-------- |
-------- |
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-------- |
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At 1 Dec 2022 |
Cash flows |
At 30 Nov 2023 |
|
£ |
£ |
£ |
|
Cash at bank and in hand |
|
167,562 |
|
Bank overdrafts |
– |
(13,526) |
(13,526) |
Debt due within one year |
(1,973,034) |
140,161 |
(1,832,873) |
Debt due after one year |
(697,821) |
280,240 |
(417,581) |
------------ |
--------- |
------------ |
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(
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(
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------------ |
--------- |
------------ |
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2023 |
2022 |
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£ |
£ |
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Not later than 1 year |
– |
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---- |
------- |
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Notes to the Financial Statements (continued) |
2023 |
||||
Balance brought forward |
Advances/ (credits) to the directors |
Balance outstanding |
||
£ |
£ |
£ |
||
|
(
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(
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------------ |
-------- |
------------ |
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2022 |
||||
Balance brought forward |
Advances/ (credits) to the directors |
Balance outstanding |
||
£ |
£ |
£ |
||
|
(
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(
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------------ |
--------- |
------------ |
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