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FINANCIAL STATEMENTS |
Contents |
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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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35 Westgate |
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Huddersfield |
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HD1 1PA |
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STRATEGIC REPORT |
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Director |
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DIRECTORS' REPORT |
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Director |
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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 |
35 Westgate |
Huddersfield |
HD1 1PA |
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PROFIT AND LOSS ACCOUNT |
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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Other operating income |
5 |
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(
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Operating profit |
6 |
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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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BALANCE SHEET |
2023 |
2022 |
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Note |
£ |
£ |
Tangible assets |
13 |
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Stocks |
14 |
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Debtors |
15 |
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Cash at bank and in hand |
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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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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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Provisions |
20 |
(
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(
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Net assets |
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Called up share capital |
24 |
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Capital redemption reserve |
25 |
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Profit and loss account |
25 |
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Shareholders funds |
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Director |
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STATEMENT OF CHANGES IN SHAREHOLDERS FUNDS |
Called up share capital |
Capital redemption reserve |
Profit and loss account |
Total |
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£ |
£ |
£ |
£ |
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At 1 January 2022 |
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Profit for the year |
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Total comprehensive income for the year |
– |
– |
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At 31 December 2022 |
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Profit for the year |
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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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Total investments by and distributions to owners |
– |
– |
(
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(
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At 31 December 2023 |
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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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Government grant income |
– |
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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 on disposal of tangible assets |
(
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(
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Tax on profit |
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Accrued expenses |
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Changes in: |
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Stocks |
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(
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Trade and other debtors |
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(
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Trade and other creditors |
(
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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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Net cash from operating activities |
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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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Net cash from investing activities |
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Government grant income |
– |
(
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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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Net cash used in 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 |
1,930,058 |
1,685,673 |
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Cash and cash equivalents at end of year |
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NOTES TO THE FINANCIAL STATEMENTS |
Freehold property |
- |
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Plant and machinery |
- |
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Motor vehicles |
- |
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2023 |
2022 |
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£ |
£ |
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Sale of goods |
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2023 |
2022 |
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£ |
£ |
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Commission receivable |
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– |
Government grant income |
– |
(
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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 on disposal of tangible assets |
(
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(
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Impairment of trade debtors |
159,331 |
4,100 |
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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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Management staff |
5 |
5 |
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2023 |
2022 |
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£ |
£ |
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Wages and salaries |
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Social security costs |
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Other pension costs |
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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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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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Aggregate remuneration |
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Company contributions to defined contribution pension 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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2023 |
2022 |
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£ |
£ |
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Interest on obligations under finance leases and hire purchase contracts |
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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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Tax on profit |
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2023 |
2022 |
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£ |
£ |
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Profit on ordinary activities before taxation |
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Profit on ordinary activities by rate of tax |
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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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Tax on profit |
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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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Freehold property |
Plant and machinery |
Motor vehicles |
Total |
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£ |
£ |
£ |
£ |
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Cost |
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At 1 January 2023 |
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Additions |
– |
– |
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Disposals |
(
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– |
(
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(
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At 31 December 2023 |
– |
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Depreciation |
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At 1 January 2023 |
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Charge for the year |
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Disposals |
(
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– |
(
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(
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At 31 December 2023 |
– |
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Carrying amount |
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At 31 December 2023 |
– |
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At 31 December 2022 |
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2023 |
2022 |
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£ |
£ |
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Goods for resale |
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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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Other debtors |
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------------ |
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2023 |
2022 |
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£ |
£ |
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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's loan account |
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2023 |
2022 |
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£ |
£ |
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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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2023 |
2022 |
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£ |
£ |
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Aggregate amount of secured liabilities |
212,421 |
248,759 |
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Deferred tax (note 21) |
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£ |
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At 1 January 2023 |
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Charge against provision |
(
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------------ |
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At 31 December 2023 |
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2023 |
2022 |
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£ |
£ |
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Included in provisions (note 20) |
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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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Other timing differences |
(
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(
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------------ |
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24,620 |
31,889 |
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2023 |
2022 |
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£ |
£ |
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Government grants recognised directly in income |
– |
(
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------------ |
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2023 |
2022 |
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No. |
£ |
No. |
£ |
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3,000 |
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3,000 |
------------ |
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At 1 Jan 2023 |
Cash flows |
At 31 Dec 2023 |
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£ |
£ |
£ |
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Cash at bank and in hand |
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644,499 |
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Debt due within one year |
(116,704) |
(5,283) |
(121,987) |
Debt due after one year |
(132,055) |
41,621 |
(90,434) |
------------ |
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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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– |
Later than 5 years |
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– |
------------ |
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– |
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