Director
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18/09/2024
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Director
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for and on behalf of
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2024 | 2023 | |||
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Notes | £ | £ | ||
TURNOVER | 3 |
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Cost of sales |
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GROSS PROFIT |
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Administrative expenses |
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Other operating income |
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OPERATING PROFIT | 5 |
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Interest payable and similar charges | 10 |
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( |
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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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2024 | 2023 | |||
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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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2024 | 2023 | ||||
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Notes | £ | £ | £ | £ | |
FIXED ASSETS | |||||
Tangible Assets | 12 |
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Investments | 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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PROVISIONS FOR LIABILITIES | |||||
Deferred Taxation | 17 |
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NET ASSETS |
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CAPITAL AND RESERVES | |||||
Called up share capital | 19 |
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Profit and Loss Account |
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SHAREHOLDERS' FUNDS | 4,684,948 | 4,321,671 | |||
Director
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Share Capital | Profit and Loss Account | Total | |
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£ | £ | £ | |
As at 1 July 2022 |
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4,490,677 |
Profit for the year and total comprehensive income | - |
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247,591 |
Dividends paid | - | (416,597) | (416,597) |
As at 30 June 2023 and 1 July 2023 |
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4,321,671 |
Profit for the year and total comprehensive income | - |
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363,277 |
As at 30 June 2024 |
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4,684,948 |
2024 | 2023 | |||
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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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Proceeds from disposal of tangible assets |
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Net cash used in investing activities |
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Cash flows from financing activities | ||||
Equity dividends paid |
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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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Foreign exchange gains on cash and cash equivalents |
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Cash and cash equivalents at end of year | 2 |
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2024 | 2023 | ||
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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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Foreign exchange gains | (2,626) | - | |
Movements in working capital: | |||
Decrease/(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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2024 | 2023 | ||
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£ | £ | ||
Cash at bank and in hand |
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As at 1 July 2023 | Cash flows | As at 30 June 2024 | |
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£ | £ | £ | |
Cash at bank and in hand |
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(1,772,827) |
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Improvements to property |
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Plant & Machinery |
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2024 | 2023 | ||
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£ | £ | ||
United Kingdom |
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Europe |
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Rest of the world |
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76,503,844 | 80,217,539 | ||
2024 | 2023 | ||
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£ | £ | ||
Other operating income |
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340,456 | 325,207 | ||
2024 | 2023 | ||
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£ | £ | ||
Depreciation of tangible fixed assets |
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2024 | 2023 | ||
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£ | £ | ||
Audit Services | |||
Audit of the company's financial statements |
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2024 | 2023 | ||
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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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2024 | 2023 | ||
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Office and administration |
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Sales, marketing and distribution |
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Manufacturing |
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Research and Development |
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2024 | 2023 | ||
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£ | £ | ||
Emoluments |
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Company contributions to money purchase pension schemes |
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2024 | 2023 | ||
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£ | £ | ||
Interest payable to group undertakings |
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The tax credit on the profit for the year was as follows:
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Tax Rate | 2024 | 2023 | |||
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2024 | 2023 | £ | £ | ||
Current tax | |||||
UK Corporation Tax | 25.0% | 20.7% |
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Deferred Tax | |||||
Deferred taxation |
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Total tax charge for the period |
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The actual credit 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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2024 | 2023 | ||||
£ | £ | ||||
Profit before tax | 336,136 | 165,131 | |||
Tax on profit at 25% (UK standard rate) |
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Expenses not deductible for tax purposes |
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Capital allowances |
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( |
Difference in tax rates |
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Group relief |
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Current tax from unrecognised timing difference from a prior period |
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( |
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Total tax charge for the period | (27,141) | (82,460) | |||
2023: tax rate - 20.7%
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Land & Property | |||
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Improvements to property | Plant & Machinery | Total | |
£ | £ | £ | |
Cost | |||
As at 1 July 2023 |
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Additions |
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As at 30 June 2024 |
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Depreciation | |||
As at 1 July 2023 |
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Provided during the period |
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As at 30 June 2024 |
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Net Book Value | |||
As at 30 June 2024 |
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As at 1 July 2023 |
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Land & Property | |||
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Improvements to property | Plant & Machinery | Total | |
£ | £ | £ | |
At cost | 654,417 | 1,558,232 | 2,212,649 |
654,417 | 1,558,232 | 2,212,649 | |
Listed | |
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£ | |
Cost | |
As at 1 July 2023 |
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As at 30 June 2024 |
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Provision | |
As at 1 July 2023 |
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As at 30 June 2024 |
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Net Book Value | |
As at 30 June 2024 |
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As at 1 July 2023 |
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2024 | 2023 | ||
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£ | £ | ||
Stock |
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2024 | 2023 | ||
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£ | £ | ||
Due within one year | |||
Trade debtors |
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Amounts owed by group undertakings | 246,561 | 140,861 | |
Other debtors | 210,294 | 212,489 | |
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2024 | 2023 | ||
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£ | £ | ||
Trade creditors |
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Amounts owed to group undertakings |
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Corporation tax | - |
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Taxation and social security | 33,467 | 159,857 | |
Accruals and deferred income |
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2024 | 2023 | ||
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£ | £ | ||
Other timing differences | 87,253 | 99,744 | |
Deferred Tax | Total | |
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£ | £ | |
As at 1 July 2023 |
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99,744 |
Deferred taxation |
( |
( |
Balance at 30 June 2024 |
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87,253 |
2024 | 2023 | ||
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£ | £ | ||
Not later than one year |
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Later than one year and not later than five years |
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2024 | 2023 | ||
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£ | £ | ||
On equity shares: | |||
Final dividend paid | - |
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