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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 |
Avery House |
8 Avery Hill Road |
New Eltham |
London |
SE9 2BD |
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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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Gross profit |
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Administrative expenses |
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------------ |
------------ |
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Operating profit |
5 |
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Other interest receivable and similar income |
8 |
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– |
Interest payable and similar expenses |
9 |
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------------ |
------------ |
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Profit before taxation |
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Tax on profit |
10 |
(
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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 |
£ |
£ |
Tangible assets |
13 |
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Debtors |
15 |
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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 |
16 |
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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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Creditors: amounts falling due after more than one year |
17 |
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------------ |
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Net assets |
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------------ |
------------ |
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Called up share capital |
19 |
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Profit and loss account |
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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 |
£ |
£ |
Tangible assets |
13 |
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Investments |
14 |
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------------ |
------------ |
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Debtors |
15 |
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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 |
16 |
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------------ |
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Net current liabilities |
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------------ |
------------ |
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Total assets less current liabilities |
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Creditors: amounts falling due after more than one year |
17 |
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------------ |
------------ |
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Net assets |
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------------ |
------------ |
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Called up share capital |
19 |
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Profit and loss account |
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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 |
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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Issue of shares |
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– |
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Dividends paid and payable |
11 |
– |
(
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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 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 |
11 |
– |
(
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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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(
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(
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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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Issue of shares |
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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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27,891
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27,997
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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 |
11 |
– |
(
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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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– |
Interest payable and similar expenses |
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Tax on profit |
(
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Accrued (income)/expenses |
(
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Changes in: |
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Trade and other debtors |
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Trade and other creditors |
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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 received/(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 issue of ordinary shares |
– |
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Proceeds from borrowings |
(
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Payments of finance lease liabilities |
(
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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)/from 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 |
1,305,917 |
1,003,853 |
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------------ |
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Cash and cash equivalents at end of year |
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Notes to the Financial Statements |
Goodwill |
- |
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Short leasehold property |
- |
Over the period of the lease |
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Plant and machinery |
- |
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Fixtures and fittings |
- |
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Motor vehicles |
- |
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2023 |
2022 |
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£ |
£ |
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Rendering of 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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--------- |
--------- |
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2023 |
2022 |
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No. |
No. |
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Administrative staff |
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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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Remuneration |
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Company contributions to defined contribution pension plans |
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– |
--------- |
-------- |
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--------- |
-------- |
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2023 |
2022 |
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£ |
£ |
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Other interest receivable and similar income |
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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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--------- |
--------- |
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2023 |
2022 |
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£ |
£ |
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UK current tax income |
(
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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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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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--------- |
--------- |
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2023 |
2022 |
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£ |
£ |
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Dividends paid during the year (excluding those for which a liability existed at the end of the prior year ) |
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--------- |
--------- |
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Group |
Goodwill |
£ |
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Cost |
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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 property |
Short leasehold property |
Plant and machinery |
Fixtures and fittings |
Motor vehicles |
Total |
£ |
£ |
£ |
£ |
£ |
£ |
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Cost |
||||||
At 1 Dec 2022 |
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Additions |
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– |
– |
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------------ |
------------ |
-------- |
------------ |
--------- |
------------ |
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At 30 Nov 2023 |
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------------ |
------------ |
-------- |
------------ |
--------- |
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Depreciation |
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At 1 Dec 2022 |
– |
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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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Carrying amount |
||||||
At 30 Nov 2023 |
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– |
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------------ |
------------ |
-------- |
------------ |
--------- |
------------ |
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At 30 Nov 2022 |
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– |
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------------ |
------------ |
-------- |
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Company |
Freehold property |
Short leasehold property |
Fixtures and fittings |
Total |
£ |
£ |
£ |
£ |
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Cost |
||||
At 1 December 2022 |
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Additions |
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– |
– |
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------------ |
---- |
------- |
------------ |
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At 30 November 2023 |
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------------ |
---- |
------- |
------------ |
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Depreciation |
||||
At 1 December 2022 |
– |
– |
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Charge for the year |
– |
– |
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------------ |
---- |
------- |
------------ |
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At 30 November 2023 |
– |
– |
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------------ |
---- |
------- |
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Carrying amount |
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At 30 November 2023 |
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------------ |
---- |
------- |
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At 30 November 2022 |
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6,757,153
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------------ |
---- |
------- |
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Company |
Other investments other than loans |
£ |
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Cost |
|
At 1 December 2022 and 30 November 2023 |
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---- |
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Impairment |
|
At 1 December 2022 and 30 November 2023 |
– |
---- |
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Carrying amount |
|
At 1 December 2022 and 30 November 2023 |
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---- |
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At 30 November 2022 |
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---- |
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Class of share |
Percentage of shares held |
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Subsidiary undertakings |
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Ordinary |
100 |
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Ordinary |
100 |
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Ordinary |
100 |
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Ordinary |
100 |
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Ordinary |
100 |
Group |
Company |
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2023 |
2022 |
2023 |
2022 |
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£ |
£ |
£ |
£ |
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Trade debtors |
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– |
– |
Amounts owed by undertakings in which the company has a participating interest |
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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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Group |
Company |
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2023 |
2022 |
2023 |
2022 |
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£ |
£ |
£ |
£ |
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Trade creditors |
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|
– |
Amounts owed to group undertakings |
– |
– |
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Accruals and deferred income |
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Corporation tax |
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– |
– |
Social security and other taxes |
|
|
– |
– |
Obligations under finance leases and hire purchase contracts |
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– |
– |
Director loan accounts |
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– |
– |
Other creditors |
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– |
– |
--------- |
--------- |
------------ |
------------ |
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--------- |
--------- |
------------ |
------------ |
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Group |
Company |
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2023 |
2022 |
2023 |
2022 |
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£ |
£ |
£ |
£ |
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Bank loans and overdrafts |
|
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------------ |
------------ |
------------ |
------------ |
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Group |
Company |
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2023 |
2022 |
2023 |
2022 |
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£ |
£ |
£ |
£ |
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Not later than 1 year |
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– |
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------- |
-------- |
---- |
-------- |
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2023 |
2022 |
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No. |
£ |
No. |
£ |
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|
106 |
|
106 |
---- |
---- |
---- |
---- |
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At 1 Dec 2022 |
Cash flows |
At 30 Nov 2023 |
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£ |
£ |
£ |
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Cash at bank and in hand |
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96,608 |
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Debt due within one year |
(23,264) |
16,504 |
(6,760) |
Debt due after one year |
(5,250,535) |
350,535 |
(4,900,000) |
------------ |
--------- |
------------ |
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(
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(
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------------ |
--------- |
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2023 |
||||
Balance brought forward |
Advances/ (credits) to the directors |
Balance outstanding |
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£ |
£ |
£ |
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(
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(
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(
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(
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(
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(
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---- |
---- |
---- |
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(
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(
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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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(
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(
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------- |
------- |
---- |
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(
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(
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------- |
------- |
---- |
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Management Information |
|
Company Detailed Income Statement |
2023 |
2022 |
|
£ |
£ |
|
Administrative expenses |
18,210 |
235,465 |
-------- |
--------- |
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Operating loss |
(
|
(
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Income from shares in group undertakings |
825,000 |
600,000 |
Interest payable and similar expenses |
(523,900) |
(123,586) |
--------- |
--------- |
|
Profit before taxation |
282,890 |
240,949 |
--------- |
--------- |
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Notes to the Company Detailed Income Statement |
2023 |
2022 |
|
£ |
£ |
|
Insurance |
1,398 |
3,384 |
Repairs and maintenance (allowable) - type 2 |
580 |
– |
Staff welfare |
(1) |
– |
General expenses (allowable) |
47 |
45 |
Legal and professional fees (allowable) |
9,400 |
65,375 |
Accountancy fees |
5,700 |
2,160 |
Depreciation of tangible assets |
990 |
1,320 |
Bank charges |
96 |
163,181 |
-------- |
--------- |
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18,210 |
235,465 |
|
-------- |
--------- |
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Dividends from group undertakings |
825,000 |
600,000 |
--------- |
--------- |
|
Interest on bank loans and overdrafts |
523,900 |
123,586 |
--------- |
--------- |
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