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For the year ended |
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Financial Statements |
Contents |
Page |
Officers and professional advisers |
1 |
Strategic report |
2 |
Directors' report |
4 |
Independent auditor's report to the member |
6 |
Consolidated statement of income and retained earnings |
11 |
Company statement of income and retained earnings |
12 |
Consolidated statement of financial position |
13 |
Company statement of financial position |
14 |
Consolidated statement of cash flows |
15 |
Notes to the financial statements |
16 |
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Officers and Professional Advisers |
The board of directors |
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Registered office |
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Auditor |
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Chartered accountants & statutory auditor |
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Enterprise House |
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38 Tyndall Court |
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Commerce Road |
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Lynch Wood |
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Peterborough |
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Cambridgeshire |
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PE2 6LR |
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Strategic Report |
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Director |
Registered office: |
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Directors' Report |
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Director |
Registered office: |
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Independent Auditor's Report to the Member of
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(Senior Statutory Auditor) |
For and on behalf of |
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Chartered accountants & statutory auditor |
Enterprise House |
38 Tyndall Court |
Commerce Road |
Lynch Wood |
Peterborough |
Cambridgeshire |
PE2 6LR |
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Consolidated Statement of Income and Retained Earnings |
2023 |
2022 |
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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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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 |
10 |
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Interest payable and similar expenses |
11 |
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--------- |
--------- |
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Loss before taxation |
(
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(
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Tax on loss |
12 |
– |
– |
--------- |
-------- |
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Loss for the financial year and total comprehensive income |
(
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(
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--------- |
-------- |
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Retained losses at the start of the year |
(
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(
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------------ |
------------ |
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Retained losses at the end of the year |
(
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(
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------------ |
------------ |
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Company Statement of Income and Retained Earnings |
2023 |
2022 |
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Note |
£ |
£ |
Loss for the financial year and total comprehensive income |
(
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(
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Retained losses at the start of the year |
(
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(
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------------ |
------------ |
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Retained losses at the end of the year |
(
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(
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------------ |
------------ |
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Consolidated Statement of Financial Position |
2023 |
2022 |
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Note |
£ |
£ |
Tangible assets |
13 |
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Debtors |
15 |
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Cash at bank and in hand |
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------------ |
------------ |
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Creditors: amounts falling due within one year |
16 |
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------------ |
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Net current liabilities |
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------------ |
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Total assets less current liabilities |
(
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(
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Creditors: amounts falling due after more than one year |
17 |
– |
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------------ |
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Net liabilities |
(
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(
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------------ |
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Called up share capital |
21 |
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Other reserves, including the fair value reserve |
22 |
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Profit and loss account |
22 |
(
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(
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------------ |
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Shareholder deficit |
(
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(
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------------ |
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Director |
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Company Statement of Financial Position |
2023 |
2022 |
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Note |
£ |
£ |
Investments |
14 |
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Debtors |
15 |
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Cash at bank and in hand |
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------------ |
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Creditors: amounts falling due within one year |
16 |
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------------ |
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Net current liabilities |
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------------ |
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Total assets less current liabilities |
(
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(
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------------ |
------------ |
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Net liabilities |
(
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(
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------------ |
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Called up share capital |
21 |
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Profit and loss account |
22 |
(
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(
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------------ |
------------ |
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Shareholder deficit |
(
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(
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------------ |
------------ |
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Director |
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Consolidated Statement of Cash Flows |
2023 |
2022 |
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£ |
£ |
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Loss for the financial year |
(
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(
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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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(
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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)/loss on disposal of tangible assets |
(
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Accrued (income)/expenses |
(
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Changes in: |
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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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(
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Interest received |
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--------- |
--------- |
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Net cash from operating activities |
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--------- |
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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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– |
--------- |
--------- |
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Net cash used in investing activities |
(
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(
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--------- |
--------- |
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Proceeds from borrowings |
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Proceeds from loans from group undertakings |
(
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Government grant income |
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Payments of finance lease liabilities |
(
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(
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--------- |
--------- |
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Net cash (used in)/from financing activities |
(
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--------- |
--------- |
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Net (decrease)/increase in cash and cash equivalents |
(
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Cash and cash equivalents at beginning of year |
487,302 |
241,087 |
--------- |
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Cash and cash equivalents at end of year |
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--------- |
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Notes to the Financial Statements |
Freehold property |
- |
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Fixtures and fittings |
- |
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Motor vehicles |
- |
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2023 |
2022 |
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£ |
£ |
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Rendering of services |
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------------ |
------------ |
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2023 |
2022 |
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£ |
£ |
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Government grant income |
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Other operating 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)/loss on disposal of tangible assets |
(
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--------- |
--------- |
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2023 |
2022 |
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No. |
No. |
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Production staff |
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---- |
---- |
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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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------------ |
------------ |
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------------ |
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2023 |
2022 |
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£ |
£ |
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Remuneration |
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-------- |
-------- |
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Group |
Company |
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2023 |
2022 |
2023 |
2022 |
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£ |
£ |
£ |
£ |
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EFURBS interest |
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– |
– |
------- |
--------- |
---- |
---- |
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2023 |
2022 |
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£ |
£ |
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Interest from group undertakings |
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------- |
------- |
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2023 |
2022 |
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£ |
£ |
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Interest on banks loans and overdrafts |
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Interest on obligations under finance leases and hire purchase contracts |
– |
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Other interest payable and similar charges |
|
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--------- |
--------- |
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--------- |
--------- |
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2023 |
2022 |
|
£ |
£ |
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Loss on ordinary activities before taxation |
(
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(
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--------- |
-------- |
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Loss on ordinary activities by rate of tax |
(
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Utilisation of tax losses |
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Unused tax losses |
– |
(
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--------- |
-------- |
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Tax on loss |
– |
– |
--------- |
-------- |
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Group |
Freehold property |
Fixtures and fittings |
Motor vehicles |
Total |
£ |
£ |
£ |
£ |
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Cost |
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At 1 January 2023 |
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Additions |
– |
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– |
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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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------------ |
--------- |
-------- |
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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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------------ |
--------- |
-------- |
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Carrying amount |
||||
At 31 December 2023 |
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– |
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------------ |
--------- |
-------- |
------------ |
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At 31 December 2022 |
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------------ |
--------- |
-------- |
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Company |
Shares in group undertakings |
£ |
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Cost |
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At 1 January 2023 and 31 December 2023 |
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------------ |
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Impairment |
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At 1 January 2023 |
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Impairment losses |
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------------ |
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At 31 December 2023 |
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------------ |
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Carrying amount |
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At 31 December 2023 |
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------------ |
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At 31 December 2022 |
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Class of share |
Percentage of shares held |
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Subsidiary undertakings |
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Ordinary |
100 |
Group |
Company |
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2023 |
2022 |
2023 |
2022 |
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£ |
£ |
£ |
£ |
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Trade debtors |
|
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– |
– |
Amounts owed by group undertakings |
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Prepayments and accrued income |
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– |
– |
------------ |
------------ |
------------ |
------------ |
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------------ |
------------ |
------------ |
------------ |
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Group |
Company |
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2023 |
2022 |
2023 |
2022 |
|
£ |
£ |
£ |
£ |
|
Bank loans and overdrafts |
|
|
– |
– |
Trade creditors |
|
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– |
– |
Amounts owed to group undertakings |
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Accruals and deferred income |
|
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Social security and other taxes |
|
|
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Obligations under finance leases and hire purchase contracts |
– |
|
– |
– |
Other creditors |
|
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– |
– |
------------ |
------------ |
------------ |
------------ |
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------------ |
------------ |
------------ |
------------ |
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Group |
Company |
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2023 |
2022 |
2023 |
2022 |
|
£ |
£ |
£ |
£ |
|
Obligations under finance leases and hire purchase contracts |
– |
|
– |
– |
---- |
-------- |
---- |
---- |
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Group |
Company |
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2023 |
2022 |
2023 |
2022 |
|
£ |
£ |
£ |
£ |
|
Not later than 1 year |
– |
|
– |
– |
Later than 1 year and not later than 5 years |
– |
|
– |
– |
---- |
-------- |
---- |
---- |
|
– |
|
– |
– |
|
Less: future finance charges |
– |
|
– |
– |
---- |
-------- |
---- |
---- |
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Present value of minimum lease payments |
– |
|
– |
– |
---- |
-------- |
---- |
---- |
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Group |
Company |
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2023 |
2022 |
2023 |
2022 |
|
£ |
£ |
£ |
£ |
|
Government grants recognised directly in income |
|
|
– |
– |
------- |
-------- |
---- |
---- |
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2023 |
2022 |
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No. |
£ |
No. |
£ |
|
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|
1,000 |
|
1,000 |
------- |
------- |
------- |
------- |
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At 1 Jan 2023 |
Cash flows |
At 31 Dec 2023 |
|
£ |
£ |
£ |
|
Cash at bank and in hand |
|
(386,906) |
|
Debt due within one year |
(7,873,564) |
210,100 |
(7,663,464) |
Debt due after one year |
(18,441) |
18,441 |
– |
------------ |
--------- |
------------ |
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(
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(
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(
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------------ |
--------- |
------------ |
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