Director
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28 August 2024
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Director
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for and on behalf of
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7 Faraday Court
First Avenue
Burton Upon Trent
Staffordshire
DE14 2WX
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2023 | 2022 | |||
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Notes | £ | £ | ||
TURNOVER | 3 |
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Cost of sales |
( |
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GROSS PROFIT |
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Distribution costs |
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Administrative expenses |
( |
( |
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Other operating income |
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Other operating expenses |
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OPERATING PROFIT | 5 |
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Profit on disposal of fixed assets |
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Interest payable and similar charges | 10 |
( |
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PROFIT BEFORE TAXATION |
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Tax on Profit | 11 |
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PROFIT AFTER TAXATION BEING PROFIT FOR THE FINANCIAL YEAR |
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2023 | 2022 | |||
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£ | £ | |||
PROFIT FOR THE FINANCIAL YEAR |
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OTHER COMPREHENSIVE INCOME FOR THE YEAR | - | - | ||
TOTAL COMPREHENSIVE INCOME FOR THE YEAR |
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2023 | 2022 | ||||
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Notes | £ | £ | £ | £ | |
FIXED ASSETS | |||||
Tangible Assets | 12 |
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Investment Properties | 13 |
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CURRENT ASSETS | |||||
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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NET CURRENT ASSETS (LIABILITIES) |
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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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NET ASSETS |
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CAPITAL AND RESERVES | |||||
Called up share capital | 18 |
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Profit and Loss Account |
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SHAREHOLDERS' FUNDS | 26,557,945 | 23,683,285 | |||
Director
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Share Capital | Profit and Loss Account | Total | |
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£ | £ | £ | |
As at 1 January 2022 |
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20,751,802 |
Profit for the year and total comprehensive income | - |
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2,931,483 |
As at 31 December 2022 and 1 January 2023 |
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23,683,285 |
Profit for the year and total comprehensive income | - |
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2,874,660 |
As at 31 December 2023 |
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26,557,945 |
2023 | 2022 | |||
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Notes | £ | £ | ||
Cash flows from operating activities | ||||
Net cash (used in)/generated from operations | 1 |
( |
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Interest paid |
( |
( |
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Tax paid |
( |
( |
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Net cash (used in)/generated from operating activities |
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Cash flows from investing activities | ||||
Purchase of tangible assets |
( |
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(Decrease)/increase in cash and cash equivalents |
( |
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Cash and cash equivalents at beginning of year | 2 |
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Cash and cash equivalents at end of year | 2 |
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2023 | 2022 | ||
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£ | £ | ||
Profit for the financial year |
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Adjustments for: | |||
Tax on profit |
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Interest expense |
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Depreciation of tangible assets |
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Movements in working capital: | |||
Increase in stocks |
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(Increase)/decrease in trade and other debtors |
( |
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(Decrease)/increase in trade and other creditors |
( |
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Net cash (used in)/generated from operations |
( |
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2023 | 2022 | ||
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£ | £ | ||
Cash at bank and in hand |
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As at 1 January 2023 | Cash flows | As at 31 December 2023 | |
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£ | £ | £ | |
Cash at bank and in hand |
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(3,571,663) |
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Freehold |
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Motor Vehicles |
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Fixtures & Fittings |
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2023 | 2022 | ||
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£ | £ | ||
Sale of goods | 82,063,098 | 85,655,271 | |
2023 | 2022 | ||
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£ | £ | ||
Royalties and similar income |
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Rental income |
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Other operating income |
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264,851 | 116,519 | ||
2023 | 2022 | ||
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£ | £ | ||
Depreciation of tangible fixed assets |
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2023 | 2022 | ||
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£ | £ | ||
Audit Services | |||
Audit of the company's financial statements |
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Non-Audit Services | |||
Other non-audit services |
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2023 | 2022 | ||
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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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Office and administration |
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2023 | 2022 | ||
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£ | £ | ||
Emoluments |
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2023 | 2022 | ||
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Money purchase pension schemes |
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2023 | 2022 | ||
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£ | £ | ||
Emoluments |
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Company contributions to money purchase pension schemes |
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2023 | 2022 | ||
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£ | £ | ||
Interest payable on other loans |
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59,341 | 74,099 | ||
The tax charge on the profit for the year was as follows:
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Tax Rate | 2023 | 2022 | |||
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2023 | 2022 | £ | £ | ||
Current tax | |||||
UK Corporation Tax | 25.0% | 19.0% |
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Deferred Tax | |||||
Deferred taxation |
( |
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Total tax charge for the period |
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The actual charge for the year can be reconciled to the expected charge for the year based on the profit and the standard rate of corporation tax as follows:
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2023 | 2022 | ||||
£ | £ | ||||
Profit before tax | 3,758,555 | 3,646,675 | |||
Tax on profit at 25% (UK standard rate) |
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Goodwill/depreciation not allowed for tax |
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Expenses not deductible for tax purposes |
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Capital allowances |
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Short term timing differences |
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Total tax charge for the period | 883,895 | 715,192 | |||
Land & Property | ||||
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Freehold | Motor Vehicles | Fixtures & Fittings | Total | |
£ | £ | £ | £ | |
Cost | ||||
As at 1 January 2023 |
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Additions |
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As at 31 December 2023 |
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Depreciation | ||||
As at 1 January 2023 |
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Provided during the period |
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As at 31 December 2023 |
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Net Book Value | ||||
As at 31 December 2023 |
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As at 1 January 2023 |
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2023 | |
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£ | |
Fair Value | |
As at 1 January 2023 and 31 December 2023 |
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Fair value adjustments |
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As at 31 December 2023 |
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2023 | 2022 | ||
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£ | £ | ||
Stock |
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2023 | 2022 | ||
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£ | £ | ||
Due within one year | |||
Trade debtors |
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Other debtors |
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Corporation tax recoverable assets |
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Deferred tax current asset | 26,123 | - | |
Amounts owed by group undertakings | - |
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2023 | 2022 | ||
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£ | £ | ||
Trade creditors |
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Amounts owed to group undertakings |
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Other creditors | 3,842 | 69,460 | |
Corporation tax | - |
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Taxation and social security | 2,193,328 | 1,395,510 | |
Accruals and deferred income |
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2023 | 2022 | ||
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£ | £ | ||
Amounts owed to group undertakings | - |
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