|
|
|
|
FINANCIAL STATEMENTS |
CONTENTS |
PAGE |
Balance sheet |
1 |
Notes to the financial statements |
3 |
|
BALANCE SHEET |
2023 |
2022 |
|
Note |
£ |
£ |
Tangible assets |
5 |
|
|
Stocks |
|
|
|
Debtors |
6 |
|
|
Cash at bank and in hand |
|
|
|
------------ |
------------ |
||
|
|
||
CREDITORS: amounts falling due within one year |
7 |
(
|
(
|
------------ |
------------ |
||
NET CURRENT LIABILITIES |
(
|
(
|
|
------------ |
------------ |
||
TOTAL ASSETS LESS CURRENT LIABILITIES |
|
|
|
CREDITORS: amounts falling due after more than one year |
8 |
(
|
(
|
PROVISIONS |
(
|
(
|
------------ |
------------ |
|
NET ASSETS |
|
|
------------ |
------------ |
|
Called up share capital |
|
|
Revaluation reserve |
|
|
Profit and loss account |
|
|
------------ |
------------ |
|
SHAREHOLDERS FUNDS |
|
|
------------ |
------------ |
|
|
BALANCE SHEET (continued) |
|
Director |
|
NOTES TO THE FINANCIAL STATEMENTS |
Land and buildings |
- |
0 - 10% straight line |
|
Fixtures and fittings |
- |
|
|
Motor vehicles |
- |
|
|
Freehold land |
Land and buildings |
Fixtures and fittings |
Motor vehicles |
Investment property |
Total |
|
£ |
£ |
£ |
£ |
£ |
£ |
|
Cost |
||||||
At 1 Jun 2022 |
|
– |
|
|
– |
|
Additions |
– |
|
|
|
– |
|
Disposals |
– |
– |
– |
(
|
– |
(
|
Transfers |
(515,000) |
– |
– |
– |
515,000 |
– |
--------- |
--------- |
-------- |
------------ |
--------- |
------------ |
|
At 31 May 2023 |
– |
|
|
|
515,000 |
|
--------- |
--------- |
-------- |
------------ |
--------- |
------------ |
|
Depreciation |
||||||
At 1 Jun 2022 |
– |
– |
|
|
– |
|
Charge for the year |
– |
|
|
|
– |
|
Disposals |
– |
– |
– |
(
|
– |
(
|
--------- |
--------- |
-------- |
------------ |
--------- |
------------ |
|
At 31 May 2023 |
– |
|
|
|
– |
|
--------- |
--------- |
-------- |
------------ |
--------- |
------------ |
|
Carrying amount |
||||||
At 31 May 2023 |
– |
|
|
|
515,000 |
|
--------- |
--------- |
-------- |
------------ |
--------- |
------------ |
|
At 31 May 2022 |
|
– |
|
|
– |
|
--------- |
--------- |
-------- |
------------ |
--------- |
------------ |
|
Freehold land |
Investment property |
Total |
|
£ |
£ |
£ |
|
At 31 May 2023 |
|||
Aggregate cost |
– |
337,804 |
337,804 |
Aggregate depreciation |
– |
– |
– |
--------- |
--------- |
------------ |
|
Carrying value |
– |
337,804 |
|
--------- |
--------- |
------------ |
|
At 31 May 2022 |
|||
Aggregate cost |
337,804 |
– |
337,804 |
Aggregate depreciation |
– |
– |
– |
--------- |
---- |
--------- |
|
Carrying value |
|
– |
|
--------- |
---- |
--------- |
|
Land and buildings |
Motor vehicles |
Total |
|
£ |
£ |
£ |
|
At 31 May 2023 |
141,499 |
|
|
--------- |
------------ |
------------ |
|
At 31 May 2022 |
– |
|
|
--------- |
------------ |
------------ |
|
2023 |
2022 |
|
£ |
£ |
|
Trade debtors |
|
|
Other debtors |
|
|
------------ |
------------ |
|
|
|
|
------------ |
------------ |
|
2023 |
2022 |
|
£ |
£ |
|
Bank loans and overdrafts |
|
|
Trade creditors |
|
|
Corporation tax |
|
|
Social security and other taxes |
|
|
Trade finance agreements |
– |
787,579 |
Other creditors |
|
|
------------ |
------------ |
|
|
|
|
------------ |
------------ |
|
2023 |
2022 |
|
£ |
£ |
|
Bank loans and overdrafts |
|
|
Other creditors |
|
|
------------ |
--------- |
|
|
|
|
------------ |
--------- |
|
2023 | 2022 | ||
£ | £ | ||
Directors' Loan accounts | 207,125 | (155,684) | |
--------- | --------- | ||
£ | |||
Opening balance | (155,684) | ||
Amounts drawn | (406,583) | ||
Amounts introduced | 769,392 | ||
Closing balance | 207,125 | ||