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Financial Statements |
Contents |
Page |
Officers and professional advisers |
1 |
Strategic report |
2 |
Director's report |
3 |
Independent auditor's report to the members |
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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Officers and Professional Advisers |
Director |
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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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36 Dene Road |
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Northwood |
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Middlesex |
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HA6 2DA |
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Bankers |
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22-24 Upper Marlborough Road |
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St Albans |
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Herts |
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AL1 3HJ |
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30 Old Bailey |
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London |
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EC4M 7AU |
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Solicitors |
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Ivy House |
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107 St Peter's Street |
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St Albans |
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Herts |
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AL1 3EW |
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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 Members of
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(Senior Statutory Auditor) |
For and on behalf of |
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Chartered accountants & statutory auditor |
36 Dene Road |
Northwood |
Middlesex |
HA6 2DA |
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Statement of Income and Retained Earnings |
2024 |
2023 |
||
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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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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Profit for the financial year and total comprehensive income |
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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 |
2024 |
2023 |
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Note |
£ |
£ |
£ |
Tangible assets |
11 |
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Stocks |
12 |
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Debtors |
13 |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
14 |
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Net current assets |
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Total assets less current liabilities |
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Net assets |
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Called up share capital |
16 |
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Profit and loss account |
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Shareholders funds |
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Director |
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Statement of Cash Flows |
2024 |
2023 |
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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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(
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Interest payable and similar expenses |
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– |
Loss on disposal of tangible assets |
– |
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Tax on profit |
185,523
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235,680
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Accrued 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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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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– |
Interest received |
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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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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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Net increase in cash and cash equivalents |
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Cash and cash equivalents at beginning of year |
15,371,427 |
13,345,215 |
------------- |
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Cash and cash equivalents at end of year |
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Notes to the Financial Statements |
2024 |
2023 |
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£ |
£ |
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Depreciation of tangible assets |
|
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Loss on disposal of tangible assets |
– |
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Foreign exchange differences |
– |
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------- |
------- |
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2024 |
2023 |
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£ |
£ |
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Fees payable for the audit of the financial statements |
|
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-------- |
-------- |
|
2024 |
2023 |
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No. |
No. |
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Distribution staff |
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Administrative staff |
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---- |
---- |
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---- |
---- |
|
2024 |
2023 |
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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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--------- |
--------- |
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--------- |
--------- |
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2024 |
2023 |
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£ |
£ |
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Interest on cash and cash equivalents |
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------- |
------- |
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2024 |
2023 |
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£ |
£ |
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Interest on banks loans and overdrafts |
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– |
------- |
---- |
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2024 |
2023 |
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£ |
£ |
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UK current tax expense |
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--------- |
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Tax on profit |
185,523
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235,680
|
--------- |
--------- |
|
2024 |
2023 |
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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 expenses not deductible for tax purposes |
(
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(
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Effect of capital allowances and depreciation |
|
(
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--------- |
------------ |
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Tax on profit |
(185,523) |
233,365
|
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Fixtures and fittings |
Equipment |
Total |
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£ |
£ |
£ |
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Cost |
|||
At 1 July 2023 and 30 June 2024 |
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------- |
-------- |
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Depreciation |
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At 1 July 2023 |
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Charge for the year |
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-------- |
------- |
-------- |
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At 30 June 2024 |
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-------- |
------- |
-------- |
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Carrying amount |
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At 30 June 2024 |
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-------- |
------- |
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At 30 June 2023 |
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-------- |
------- |
-------- |
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2024 |
2023 |
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£ |
£ |
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Finished goods and goods for resale |
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------------ |
------------ |
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2024 |
2023 |
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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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------------ |
------------ |
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2024 |
2023 |
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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 |
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Other creditors |
– |
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--------- |
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2024 |
2023 |
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No. |
£ |
No. |
£ |
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|
5,000,000 |
5,000,000 |
5,000,000 |
5,000,000 |
------------ |
------------ |
------------ |
------------ |
|
2024 |
2023 |
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No. |
£ |
No. |
£ |
|
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1,125,000 |
|
1,125,000 |
------------ |
------------ |
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------------ |
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At 1 Jul 2023 |
Cash flows |
At 30 Jun 2024 |
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£ |
£ |
£ |
|
Cash at bank and in hand |
|
1,177,038 |
|
Debt due within one year |
(66,804) |
4,615 |
(62,189) |
------------- |
------------ |
------------- |
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------------- |
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------------- |
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2024 |
2023 |
|
£ |
£ |
|
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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