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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 |
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 |
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 Members 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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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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Operating loss |
6 |
(
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(
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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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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 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 |
2023 |
2022 |
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Note |
£ |
£ |
Tangible assets |
13 |
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Debtors |
14 |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
15 |
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Net current assets |
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--------- |
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Total assets less current liabilities |
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Creditors: amounts falling due after more than one year |
16 |
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--------- |
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Net assets |
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--------- |
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Called up share capital |
19 |
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Profit and loss account |
20 |
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Shareholders funds |
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--------- |
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Director |
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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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Other interest receivable and similar income |
(
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– |
Interest payable and similar expenses |
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Gains 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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(
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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 used in operating activities |
(
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(
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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 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 from financing activities |
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--------- |
--------- |
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Net increase/(decrease) in cash and cash equivalents |
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(
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Cash and cash equivalents at beginning of year |
214,591 |
662,950 |
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Cash and cash equivalents at end of year |
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Notes to the Financial Statements |
Fixtures and fittings |
- |
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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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------- |
-------- |
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2023 |
2022 |
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£ |
£ |
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Depreciation of tangible assets |
|
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Gains on disposal of tangible assets |
(
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– |
--------- |
-------- |
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2023 |
2022 |
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£ |
£ |
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Fees payable for the audit of the financial statements |
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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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2023 |
2022 |
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£ |
£ |
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Interest on cash and cash equivalents |
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– |
---- |
---- |
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2023 |
2022 |
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£ |
£ |
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Interest on obligations under finance leases and hire purchase contracts |
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Interest due to group undertakings |
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-------- |
-------- |
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-------- |
-------- |
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2023 |
2022 |
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£ |
£ |
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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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(
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Utilisation of tax losses |
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Tax on loss |
– |
– |
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Fixtures and fittings |
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£ |
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Cost |
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At 1 January 2023 |
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Additions |
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Disposals |
(
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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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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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--------- |
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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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Other debtors |
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– |
------------ |
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2023 |
2022 |
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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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Social security and other taxes |
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Obligations under finance leases and hire purchase contracts |
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Other creditors |
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------------ |
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------------ |
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2023 |
2022 |
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£ |
£ |
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Obligations under finance leases and hire purchase contracts |
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--------- |
-------- |
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2023 |
2022 |
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£ |
£ |
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Not later than 1 year |
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Later than 1 year and not later than 5 years |
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--------- |
-------- |
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--------- |
-------- |
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2023 |
2022 |
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£ |
£ |
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Government grants recognised directly in income |
– |
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---- |
-------- |
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2023 |
2022 |
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No. |
£ |
No. |
£ |
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1,000 |
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1,000 |
------- |
------- |
------- |
------- |
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At 1 Jan 2023 |
Cash flows |
At 31 Dec 2023 |
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£ |
£ |
£ |
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Cash at bank and in hand |
|
200,836 |
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Debt due within one year |
(4,638,426) |
(719,335) |
(5,357,761) |
Debt due after one year |
(38,556) |
(64,737) |
(103,293) |
------------ |
--------- |
------------ |
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(
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(
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(
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------------ |
--------- |
------------ |
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2023 |
2022 |
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£ |
£ |
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Not later than 1 year |
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Later than 1 year and not later than 5 years |
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--------- |
------------ |
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Notes to the Financial Statements (continued) |