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Financial Statements |
Contents |
Page |
Strategic report |
1 |
Director's report |
3 |
Independent auditor's report to the member |
5 |
Statement of income and retained earnings |
9 |
Statement of financial position |
10 |
Statement of cash flows |
11 |
Notes to the financial statements |
12 |
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Strategic Report |
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Director |
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Registered office: |
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Director's Report |
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Director |
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Registered office: |
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Independent Auditor's Report to the Member of
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(Senior Statutory Auditor) |
For and on behalf of |
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Chartered accountants & statutory auditor |
Alex House |
260-268 Chapel Street |
Salford |
M3 5JZ |
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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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Gross profit |
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Administrative expenses |
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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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– |
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Profit before taxation |
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Tax on profit |
9 |
(
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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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Retained earnings at the start of the year |
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--------- |
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Retained earnings at the end of the year |
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--------- |
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Statement of Financial Position |
2023 |
2022 |
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Note |
£ |
£ |
£ |
£ |
Intangible assets |
10 |
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Tangible assets |
11 |
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--------- |
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Debtors |
12 |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
13 |
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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 |
14 |
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Taxation including deferred tax |
15 |
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--------- |
--------- |
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Net assets |
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--------- |
--------- |
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Called up share capital |
18 |
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Profit and loss account |
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--------- |
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Shareholder funds |
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--------- |
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Director |
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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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Amortisation of intangible assets |
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Impairment of intangible 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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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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(
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Interest paid |
(
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– |
Tax received/(paid) |
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(
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--------- |
--------- |
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Net cash 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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--------- |
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Net cash used in investing activities |
(
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(
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--------- |
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Proceeds from loans from group undertakings |
(
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--------- |
------------ |
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Net cash (used in)/from financing activities |
(
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--------- |
------------ |
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Net (decrease)/increase in cash and cash equivalents |
(
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Cash and cash equivalents at beginning of year |
4,093,987 |
3,009,129 |
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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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Development costs |
- |
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Investments |
- |
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Fixtures and Fixtures |
- |
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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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United Kingdom |
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Overseas |
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------------- |
------------ |
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2023 |
2022 |
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£ |
£ |
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Amortisation of intangible assets |
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Depreciation of tangible assets |
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Administrative expenses |
– |
131,425 |
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Impairment of trade debtors |
5,550 |
– |
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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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Production staff |
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Management staff |
1 |
1 |
---- |
---- |
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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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– |
------- |
---- |
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2023 |
2022 |
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£ |
£ |
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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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------- |
-------- |
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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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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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Deferred taxation movement |
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Group relief claim |
(84,772)
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– |
--------- |
--------- |
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Tax on profit |
(
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--------- |
--------- |
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Goodwill |
Development costs |
Investments |
Total |
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£ |
£ |
£ |
£ |
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Cost |
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At 1st January 2023 and 31st December 2023 |
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--------- |
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Amortisation |
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At 1st January 2023 |
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Charge for the year |
– |
– |
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--------- |
-------- |
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--------- |
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At 31st December 2023 |
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--------- |
-------- |
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Carrying amount |
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At 31st December 2023 |
– |
– |
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--------- |
-------- |
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--------- |
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At 31st December 2022 |
– |
– |
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--------- |
-------- |
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Fixtures and Fittings |
Total |
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£ |
£ |
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Cost |
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At 1st January 2023 |
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Additions |
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--------- |
--------- |
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At 31st December 2023 |
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--------- |
--------- |
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Depreciation |
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At 1st January 2023 |
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Charge for the year |
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--------- |
--------- |
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At 31st December 2023 |
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--------- |
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Carrying amount |
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At 31st December 2023 |
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At 31st December 2022 |
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--------- |
--------- |
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2023 |
2022 |
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£ |
£ |
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Trade debtors |
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Amounts owed by group undertakings |
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Prepayments and accrued income |
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Director's loan account |
– |
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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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Trade creditors |
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Amounts owed to group undertakings |
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Accruals and deferred income |
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Social security and other taxes |
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Other creditors |
– |
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------------ |
------------ |
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------------ |
------------ |
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2023 |
2022 |
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£ |
£ |
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Accruals and deferred income |
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--------- |
--------- |
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Deferred tax (note 16) |
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£ |
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At 1st January 2023 |
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Additions |
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-------- |
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At 31st December 2023 |
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-------- |
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2023 |
2022 |
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£ |
£ |
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Included in provisions (note 15) |
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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 |
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No. |
£ |
No. |
£ |
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15 |
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15 |
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15 |
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15 |
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75,000 |
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75,000 |
-------- |
-------- |
-------- |
-------- |
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-------- |
-------- |
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-------- |
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At 1 Jan 2023 |
Cash flows |
At 31 Dec 2023 |
|
£ |
£ |
£ |
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Cash at bank and in hand |
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(1,264,281) |
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Debt due within one year |
(1,899,925) |
776,341 |
(1,123,584) |
------------ |
------------ |
------------ |
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(
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------------ |
------------ |
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Notes to the Financial Statements (continued) |
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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2023 |
||||
Balance brought forward |
Advances/ (credits) to the director |
Balance outstanding |
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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 director |
Balance outstanding |
||
£ |
£ |
£ |
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– |
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---- |
-------- |
-------- |
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