Director
|
20/06/2024
|
|
|
Director
|
|
for and on behalf of
|
|
2023 | 2022 | |||
---|---|---|---|---|
Notes | £ | £ | ||
TURNOVER |
|
|
||
Cost of sales |
( |
( |
||
GROSS PROFIT |
|
|
||
Administrative expenses |
( |
( |
||
Other operating income |
|
|
||
OPERATING PROFIT |
|
|
||
Other interest receivable and similar income | 8 |
|
|
|
Interest payable and similar charges | 9 |
( |
( |
|
PROFIT BEFORE TAXATION |
|
|
||
Tax on Profit | 10 |
( |
( |
|
PROFIT AFTER TAXATION BEING PROFIT FOR THE FINANCIAL YEAR |
|
|
||
2023 | 2022 | |||
---|---|---|---|---|
£ | £ | |||
PROFIT FOR THE FINANCIAL YEAR |
|
|
||
OTHER COMPREHENSIVE INCOME FOR THE YEAR | - | - | ||
TOTAL COMPREHENSIVE INCOME FOR THE YEAR |
|
|
||
2023 | 2022 | ||||
---|---|---|---|---|---|
Notes | £ | £ | £ | £ | |
CURRENT ASSETS | |||||
Debtors | 11 |
|
|
||
Cash at bank and in hand |
|
|
|||
|
|
||||
Creditors: Amounts Falling Due Within One Year | 12 |
( |
( |
||
NET CURRENT ASSETS (LIABILITIES) |
|
|
|||
TOTAL ASSETS LESS CURRENT LIABILITIES |
|
|
|||
NET ASSETS |
|
|
|||
CAPITAL AND RESERVES | |||||
Called up share capital | 13 |
|
|
||
Profit and Loss Account |
|
|
|||
SHAREHOLDERS' FUNDS | 185,234 | 181,997 | |||
Director
|
|
Share Capital | Profit and Loss Account | Total | |
---|---|---|---|
£ | £ | £ | |
As at 1 January 2022 |
|
|
179,830 |
Profit for the year and total comprehensive income | - |
|
2,167 |
As at 31 December 2022 and 1 January 2023 |
|
|
181,997 |
Profit for the year and total comprehensive income | - |
|
3,237 |
As at 31 December 2023 |
|
|
185,234 |
2023 | 2022 | |||
---|---|---|---|---|
Notes | £ | £ | ||
Cash flows from operating activities | ||||
Net cash (used in)/generated from operations | 1 |
( |
|
|
Interest paid |
( |
( |
||
Tax paid |
( |
( |
||
Net cash (used in)/generated from operating activities |
( |
|
||
Cash flows from investing activities | ||||
Interest received |
|
|
||
(Decrease)/increase in cash and cash equivalents |
( |
|
||
Cash and cash equivalents at beginning of year | 2 |
|
|
|
Cash and cash equivalents at end of year | 2 |
|
|
|
2023 | 2022 | ||
---|---|---|---|
£ | £ | ||
Profit for the financial year |
|
|
|
Adjustments for: | |||
Tax on profit |
|
|
|
Interest expense |
|
|
|
Interest income |
( |
( |
|
Movements in working capital: | |||
Decrease/(increase) in trade and other debtors |
|
( |
|
(Decrease)/increase in trade and other creditors |
( |
|
|
Net cash (used in)/generated from operations |
( |
|
|
2023 | 2022 | ||
---|---|---|---|
£ | £ | ||
Cash at bank and in hand |
|
|
|
As at 1 January 2023 | Cash flows | As at 31 December 2023 | |
---|---|---|---|
£ | £ | £ | |
Cash at bank and in hand |
|
(101,804) |
|
2023 | 2022 | ||
---|---|---|---|
£ | £ | ||
Other operating income |
|
|
|
13,772 | 21,224 | ||
2023 | 2022 | ||
---|---|---|---|
£ | £ | ||
Audit Services | |||
Audit of the company's financial statements |
|
|
|
2023
|
2022
|
||
£
|
£
|
||
Apprentice Levy
|
35,966
|
29,856
|
|
Wages (incl statutory payments)
|
10,644,582
|
9,535,932
|
|
Unprocessed Payroll costs
|
154,077
|
221,202
|
|
10,834,625
|
9,786,990
|
2023 | 2022 | ||
---|---|---|---|
£ | £ | ||
Social security costs |
|
|
|
2023 | 2022 | ||
---|---|---|---|
Office and administration |
|
|
|
|
|
||
2023
|
2022
|
||
£
|
£
|
||
Directors' remuneration
|
0
|
0
|
|
|
|
||
0
|
0
|
2023 | 2022 | ||
---|---|---|---|
£ | £ | ||
Interest on short term deposits |
|
|
|
2023 | 2022 | ||
---|---|---|---|
£ | £ | ||
Bank loans and overdrafts |
|
|
|
The tax charge on the profit for the year was as follows:
|
|||||
Tax Rate | 2023 | 2022 | |||
---|---|---|---|---|---|
2023 | 2022 | £ | £ | ||
Current tax | |||||
UK Corporation Tax | 19.0% | - |
|
|
|
Total tax charge for the period |
|
|
|||
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:
|
|||||
2023 | 2022 | ||||
£ | £ | ||||
Profit before tax | 3,996 | 2,675 | |||
Tax on profit at 19% (UK standard rate) |
|
|
|||
Total tax charge for the period | 759 | - | |||
2023 | 2022 | ||
---|---|---|---|
£ | £ | ||
Due within one year | |||
Trade debtors |
|
|
|
2023 | 2022 | ||
---|---|---|---|
£ | £ | ||
Trade creditors |
|
|
|
Other creditors | 62,622 | 276,723 | |
Corporation tax |
|
|
|
Taxation and social security | 769,205 | 985,798 | |
Accruals and deferred income |
|
|
|
|
|
||