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Period ending |
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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 |
10 |
Statement of financial position |
11 |
Statement of cash flows |
12 |
Notes to the financial statements |
13 |
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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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146 New London Road |
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Chelmsford |
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Essex |
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CM2 0AW |
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Bankers |
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1 Chaseside |
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Bournemouth |
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Dorset |
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BH7 7DA |
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Strategic Report |
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Director |
Registered office: |
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Directors' Report |
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D R Sheen
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P K Hataishi
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(Appointed
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M Young
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(Resigned
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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 |
146 New London Road |
Chelmsford |
Essex |
CM2 0AW |
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Statement of Income and Retained Earnings |
Period from |
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1 Apr 23 to |
Year to |
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31 Dec 23 |
31 Mar 23 |
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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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Distribution costs |
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Administrative expenses |
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------------ |
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Operating profit |
5 |
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Other interest receivable and similar income |
7 |
– |
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Interest payable and similar expenses |
8 |
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– |
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Profit before taxation |
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Tax on profit |
9 |
(
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--------- |
--------- |
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Profit for the financial period and total comprehensive income |
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--------- |
--------- |
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Retained losses at the start of the period |
(
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(
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--------- |
------------ |
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Retained losses at the end of the period |
(
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(
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--------- |
------------ |
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Statement of Financial Position |
31 Dec 23 |
31 Mar 23 |
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Note |
£ |
£ |
£ |
£ |
Stocks |
10 |
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Debtors |
11 |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
12 |
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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 |
13 |
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Net assets |
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Called up share capital |
15 |
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Profit and loss account |
16 |
(
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(
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Shareholders funds |
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------------ |
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Director |
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Statement of Cash Flows |
31 Dec 23 |
31 Mar 23 |
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£ |
£ |
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Profit for the financial period |
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Adjustments for: |
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Other interest receivable and similar income |
– |
(
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Interest payable and similar expenses |
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– |
Tax on profit |
(45,700) |
277,572 |
Accrued expenses/(income) |
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(
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Changes in: |
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Stocks |
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(
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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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– |
Interest received |
– |
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Tax paid |
(
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(
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------------ |
------------ |
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Net cash from operating activities |
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------------ |
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Proceeds from loans from group undertakings |
(
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(
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------------ |
------------ |
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Net cash used in financing activities |
(
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(
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------------ |
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Net increase in cash and cash equivalents |
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Cash and cash equivalents at beginning of period |
1,399,795 |
1,129,242 |
------------ |
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Cash and cash equivalents at end of period |
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------------ |
------------ |
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Notes to the Financial Statements |
Period from |
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1 Apr 23 to |
Year to |
|
31 Dec 23 |
31 Mar 23 |
|
£ |
£ |
|
Sale of goods |
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------------- |
------------- |
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Period from |
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1 Apr 23 to |
Year to |
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31 Dec 23 |
31 Mar 23 |
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£ |
£ |
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Foreign exchange differences |
|
(
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Fees payable for the audit of the financial statements |
|
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-------- |
------- |
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31 Dec 23 |
31 Mar 23 |
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No. |
No. |
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Administrative staff |
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Number of marketing & distribution |
8 |
8 |
---- |
---- |
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---- |
---- |
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Period from |
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1 Apr 23 to |
Year to |
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31 Dec 23 |
31 Mar 23 |
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£ |
£ |
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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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------------ |
------------ |
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Period from |
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1 Apr 23 to |
Year to |
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31 Dec 23 |
31 Mar 23 |
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£ |
£ |
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Interest on cash and cash equivalents |
– |
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---- |
-------- |
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Period from |
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1 Apr 23 to |
Year to |
|
31 Dec 23 |
31 Mar 23 |
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£ |
£ |
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Interest due to group undertakings |
|
– |
------- |
---- |
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Period from |
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1 Apr 23 to |
Year to |
|
31 Dec 23 |
31 Mar 23 |
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£ |
£ |
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UK current tax expense |
|
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Adjustments in respect of prior periods |
(
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-------- |
--------- |
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Total current tax |
(
|
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-------- |
--------- |
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Origination and reversal of timing differences |
– |
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-------- |
--------- |
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Tax on profit |
(
|
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-------- |
--------- |
|
31 Dec 23 |
31 Mar 23 |
|
£ |
£ |
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Finished goods |
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--------- |
--------- |
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31 Dec 23 |
31 Mar 23 |
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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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31 Dec 23 |
31 Mar 23 |
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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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Corporation tax |
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Social security and other taxes |
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Other creditors |
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------------ |
------------ |
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31 Dec 23 |
31 Mar 23 |
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£ |
£ |
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Shares classed as financial liabilities |
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------------ |
------------ |
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31 Dec 23 |
31 Mar 23 |
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No. |
£ |
No. |
£ |
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|
3,100,000 |
3,100,000 |
3,100,000 |
3,100,000 |
|
2,000,000 |
2,000,000 |
2,000,000 |
2,000,000 |
------------ |
------------ |
------------ |
------------ |
|
5,100,000 |
5,100,000 |
5,100,000 |
5,100,000 |
|
------------ |
------------ |
------------ |
------------ |
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31 Dec 23 |
31 Mar 23 |
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No. |
£ |
No. |
£ |
|
|
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3,018,271 |
|
3,018,271 |
------------ |
------------ |
------------ |
------------ |
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2,000,000 |
|
2,000,000 |
------------ |
------------ |
------------ |
------------ |
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At 1 Apr 2023 |
Cash flows |
At 31 Dec 2023 |
|
£ |
£ |
£ |
|
Cash at bank and in hand |
|
1,006,526 |
|
Debt due within one year |
(3,817,515) |
1,542,734 |
(2,274,781) |
------------ |
------------ |
------------ |
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(
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------------ |
------------ |
------------ |
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Notes to the Financial Statements (continued) |