2023
|
2022
|
|||
£
|
£
|
|||
Turnover
|
£
|
37,147,640
|
29,229,948
|
|
Turnover growth
|
%
|
27
|
(26)
|
|
Gross profit margin
|
%
|
20
|
25
|
|
Profit before tax
|
£
|
3,358,633
|
3,900,863
|
Director
|
23 September 2024
|
|
Director
|
|
for and on behalf of
|
|
7 Faraday Court
First Avenue
Burton Upon Trent
Staffordshire
DE14 2WX
|
2023 | 2022 | |||
---|---|---|---|---|
Notes | £ | £ | ||
TURNOVER | 3 |
|
|
|
Cost of sales |
( |
( |
||
GROSS PROFIT |
|
|
||
Administrative expenses |
( |
( |
||
OPERATING PROFIT | 4 |
|
|
|
(Loss)/profit on disposal of fixed assets |
( |
|
||
Other interest receivable and similar income | 9 |
|
|
|
Interest payable and similar charges | 10 |
( |
( |
|
PROFIT BEFORE TAXATION |
|
|
||
Tax on Profit | 11 |
( |
( |
|
PROFIT AFTER TAXATION BEING PROFIT FOR THE FINANCIAL YEAR ATTRIBUTABLE TO THE OWNERS OF THE PARENT |
|
|
||
2023 | 2022 | ||||
---|---|---|---|---|---|
Notes | £ | £ | £ | £ | |
FIXED ASSETS | |||||
Intangible Assets | 12 |
|
|
||
Tangible Assets | 13 |
|
|
||
Investments | 14 |
|
|
||
|
|
||||
CURRENT ASSETS | |||||
Stocks | 15 |
|
|
||
Debtors | 16 |
|
|
||
Cash at bank and in hand |
|
|
|||
|
|
||||
Creditors: Amounts Falling Due Within One Year | 17 |
( |
( |
||
NET CURRENT ASSETS (LIABILITIES) |
|
|
|||
TOTAL ASSETS LESS CURRENT LIABILITIES |
|
|
|||
PROVISIONS FOR LIABILITIES | |||||
Deferred Taxation | 18 |
( |
( |
||
NET ASSETS |
|
|
|||
CAPITAL AND RESERVES | |||||
Called up share capital | 20 |
|
|
||
Profit and Loss Account |
|
|
|||
SHAREHOLDERS' FUNDS | 18,482,419 | 16,682,503 | |||
Director
|
|
2023 | 2022 | ||||
---|---|---|---|---|---|
Notes | £ | £ | £ | £ | |
FIXED ASSETS | |||||
Tangible Assets | 13 |
|
|
||
Investments | 14 |
|
|
||
|
|
||||
CURRENT ASSETS | |||||
Stocks | 15 |
|
|
||
Debtors | 16 |
|
|
||
Cash at bank and in hand |
|
|
|||
|
|
||||
Creditors: Amounts Falling Due Within One Year | 17 |
( |
( |
||
NET CURRENT ASSETS (LIABILITIES) |
|
|
|||
TOTAL ASSETS LESS CURRENT LIABILITIES |
|
|
|||
PROVISIONS FOR LIABILITIES | |||||
Deferred Taxation | 18 |
( |
( |
||
NET ASSETS |
|
|
|||
CAPITAL AND RESERVES | |||||
Called up share capital | 20 |
|
|
||
Profit and Loss Account |
|
|
|||
SHAREHOLDERS' FUNDS | 18,482,419 | 16,682,503 | |||
Director
|
|
Share Capital | Profit and Loss Account | Total | |
---|---|---|---|
£ | £ | £ | |
As at 1 October 2021 |
|
|
13,546,155 |
Profit for the year and total comprehensive income | - |
|
3,136,348 |
As at 30 September 2022 and 1 October 2022 |
|
|
16,682,503 |
Profit for the year and total comprehensive income | - |
|
2,799,916 |
Dividends paid | - | (1,000,000) | (1,000,000) |
As at 30 September 2023 |
|
|
18,482,419 |
Share Capital | Profit and Loss Account | Total | |
---|---|---|---|
£ | £ | £ | |
As at 1 October 2021 |
|
|
13,546,155 |
Profit for the year and total comprehensive income | - |
|
3,136,348 |
As at 30 September 2022 and 1 October 2022 |
|
|
16,682,503 |
Profit for the year and total comprehensive income | - |
|
2,799,916 |
Dividends paid | - | (1,000,000) | (1,000,000) |
As at 30 September 2023 |
|
|
18,482,419 |
2023 | 2022 | |||
---|---|---|---|---|
Notes | £ | £ | ||
Cash flows from operating activities | ||||
Net cash generated from operations | 1 |
|
|
|
Interest paid |
( |
( |
||
Tax paid |
( |
( |
||
Net cash generated from operating activities |
|
|
||
Cash flows from investing activities | ||||
Purchase of intangible assets |
( |
|
||
Purchase of tangible assets |
( |
( |
||
Proceeds from disposal of tangible assets |
|
|
||
Purchase of other fixed asset investments |
( |
|
||
Interest received |
|
|
||
Net cash used in investing activities |
( |
( |
||
Cash flows from financing activities | ||||
Equity dividends paid |
( |
|
||
Increase in cash and cash equivalents |
|
|
||
Cash and cash equivalents at beginning of year | 2 |
|
|
|
Cash and cash equivalents at end of year | 2 |
|
|
|
2023 | 2022 | ||
---|---|---|---|
£ | £ | ||
Profit for the financial year |
|
|
|
Adjustments for: | |||
Tax on profit |
|
|
|
Interest expense |
|
|
|
Interest income |
( |
( |
|
Depreciation of tangible assets |
|
|
|
Loss/(profit) on disposal of tangible assets | 472 | (487) | |
Movements in working capital: | |||
Increase in stocks |
( |
( |
|
Increase in trade and other debtors |
( |
( |
|
Increase in trade and other creditors |
|
|
|
Net cash generated from operations |
|
|
|
2023 | 2022 | ||
---|---|---|---|
£ | £ | ||
Cash at bank and in hand |
|
|
|
As at 1 October 2022 | Cash flows | As at 30 September 2023 | |
---|---|---|---|
£ | £ | £ | |
Cash at bank and in hand |
|
154,583 |
|
2023 | 2022 | |||
---|---|---|---|---|
Notes | £ | £ | ||
Cash flows from operating activities | ||||
Net cash generated from operations | 1 |
|
|
|
Interest paid |
( |
( |
||
Tax paid |
( |
( |
||
Net cash generated from operating activities |
|
|
||
Cash flows from investing activities | ||||
Purchase of tangible assets |
( |
( |
||
Proceeds from disposal of tangible assets |
|
|
||
Purchase of other fixed asset investments |
( |
|
||
Interest received |
|
|
||
Net cash used in investing activities |
( |
( |
||
Cash flows from financing activities | ||||
Equity dividends paid |
( |
|
||
Increase in cash and cash equivalents |
|
|
||
Cash and cash equivalents at beginning of year | 2 |
|
|
|
Cash and cash equivalents at end of year | 2 |
|
|
|
2023 | 2022 | ||
---|---|---|---|
£ | £ | ||
Profit for the financial year |
|
|
|
Adjustments for: | |||
Tax on profit |
|
|
|
Interest expense |
|
|
|
Interest income |
( |
( |
|
Depreciation of tangible assets |
|
|
|
Loss/(profit) on disposal of tangible assets | 472 | (487) | |
Movements in working capital: | |||
Increase in stocks |
( |
( |
|
Increase in trade and other debtors |
( |
( |
|
Increase in trade and other creditors |
|
|
|
Net cash generated from operations |
|
|
|
2023 | 2022 | ||
---|---|---|---|
£ | £ | ||
Cash at bank and in hand |
|
|
|
As at 1 October 2022 | Cash flows | As at 30 September 2023 | |
---|---|---|---|
£ | £ | £ | |
Cash at bank and in hand |
|
154,583 |
|
Plant & Machinery |
|
Motor Vehicles |
|
Fixtures & Fittings |
|
2023 | 2022 | ||
---|---|---|---|
£ | £ | ||
Bad debts | - | 2,836 | |
Depreciation of tangible fixed assets |
|
|
|
2023 | 2022 | ||
---|---|---|---|
£ | £ | ||
Audit Services | |||
Audit of the group and company's financial statements |
|
|
|
Other Services | |||
Other non-audit services |
|
|
|
Group | Company | ||||||
---|---|---|---|---|---|---|---|
2023 | 2022 | 2023 | 2022 | ||||
£ | £ | £ | £ | ||||
Wages and salaries |
|
|
|
|
|||
Social security costs |
|
|
|
|
|||
Other pension costs |
|
|
|
|
|||
|
|
|
|
||||
2023 | 2022 | ||
---|---|---|---|
£ | £ | ||
Emoluments |
|
|
|
2023 | 2022 | ||
---|---|---|---|
£ | £ | ||
Emoluments |
|
|
|
2023 | 2022 | ||
---|---|---|---|
£ | £ | ||
Bank interest receivable |
|
|
|
2023 | 2022 | ||
---|---|---|---|
£ | £ | ||
Foreign exchange charges |
|
|
|
Other finance charges | - |
|
|
27,175 | 157,309 | ||
The tax charge on the profit for the year was as follows:
|
|||||
Tax Rate | 2023 | 2022 | |||
---|---|---|---|---|---|
2023 | 2022 | £ | £ | ||
Current tax | |||||
UK Corporation Tax | 25.0% | 19.0% |
|
|
|
Deferred Tax | |||||
Deferred taxation |
|
|
|||
Total tax charge for the period |
|
|
|||
The actual charge 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:
|
|||||
2023 | 2022 | ||||
£ | £ | ||||
Profit before tax | 3,597,489 | 3,900,863 | |||
Tax on profit at 25% (UK standard rate) |
|
|
|||
Goodwill/depreciation not allowed for tax |
|
|
|||
Expenses not deductible for tax purposes |
|
|
Capital allowances |
( |
|
|||
Short term timing differences |
|
|
|||
Difference in tax rates |
|
|
|||
Total tax charge for the period | 797,573 | 764,515 | |||
Goodwill | Other | Development Costs | Total | |
---|---|---|---|---|
£ | £ | £ | £ | |
Cost | ||||
As at 1 October 2022 |
|
|
|
|
Additions |
|
|
|
|
As at 30 September 2023 |
|
|
|
|
Amortisation | ||||
As at 1 October 2022 |
|
|
|
|
As at 30 September 2023 |
|
|
|
|
Net Book Value | ||||
As at 30 September 2023 |
|
|
|
|
As at 1 October 2022 |
|
|
|
|
Goodwill | Other | Development Costs | Total | |
---|---|---|---|---|
£ | £ | £ | £ | |
Cost | ||||
As at 1 October 2022 |
|
|
|
|
As at 30 September 2023 |
|
|
|
|
Amortisation | ||||
As at 1 October 2022 |
|
|
|
|
As at 30 September 2023 |
|
|
|
|
Net Book Value | ||||
As at 30 September 2023 |
|
|
|
|
As at 1 October 2022 |
|
|
|
|
Plant & Machinery | Motor Vehicles | Fixtures & Fittings | Total | |
---|---|---|---|---|
£ | £ | £ | £ | |
Cost | ||||
As at 1 October 2022 |
|
|
|
|
Additions |
|
|
|
|
Disposals |
( |
( |
|
( |
As at 30 September 2023 |
|
|
|
|
Depreciation | ||||
As at 1 October 2022 |
|
|
|
|
Provided during the period |
|
|
|
|
Disposals |
( |
( |
|
( |
As at 30 September 2023 |
|
|
|
|
Net Book Value | ||||
As at 30 September 2023 |
|
|
|
|
As at 1 October 2022 |
|
|
|
|
Plant & Machinery | Motor Vehicles | Fixtures & Fittings | Total | |
---|---|---|---|---|
£ | £ | £ | £ | |
Cost | ||||
As at 1 October 2022 |
|
|
|
|
Additions |
|
|
|
|
Disposals |
( |
( |
|
( |
As at 30 September 2023 |
|
|
|
|
Depreciation | ||||
As at 1 October 2022 |
|
|
|
|
Provided during the period |
|
|
|
|
Disposals |
( |
( |
|
( |
As at 30 September 2023 |
|
|
|
|
Net Book Value | ||||
As at 30 September 2023 |
|
|
|
|
As at 1 October 2022 |
|
|
|
|
Unlisted | |
---|---|
£ | |
Cost | |
As at 1 October 2022 |
|
Additions |
|
As at 30 September 2023 |
|
Provision | |
As at 1 October 2022 |
|
As at 30 September 2023 |
|
Net Book Value | |
As at 30 September 2023 |
|
As at 1 October 2022 |
|
Unlisted | |
---|---|
£ | |
Cost | |
As at 1 October 2022 |
|
Additions |
|
As at 30 September 2023 |
|
Provision | |
As at 1 October 2022 |
|
As at 30 September 2023 |
|
Net Book Value | |
As at 30 September 2023 |
|
As at 1 October 2022 |
|
Group | Company | ||||||
---|---|---|---|---|---|---|---|
2023 | 2022 | 2023 | 2022 | ||||
£ | £ | £ | £ | ||||
Stock |
|
|
|
|
|||
Group | Company | ||||||
---|---|---|---|---|---|---|---|
2023 | 2022 | 2023 | 2022 | ||||
£ | £ | £ | £ | ||||
Due within one year | |||||||
Trade debtors |
|
|
|
|
|||
Amounts owed by group undertakings | 300 | - | - | - | |||
Other debtors | 266,504 | 510,222 | 266,504 | 510,222 | |||
|
|
|
|
||||
Group | Company | ||||||
---|---|---|---|---|---|---|---|
2023 | 2022 | 2023 | 2022 | ||||
£ | £ | £ | £ | ||||
Trade creditors |
|
|
|
|
|||
Other creditors | 555,831 | 679,330 | 555,831 | 679,330 | |||
Corporation tax |
|
|
|
|
|||
Taxation and social security | 517,871 | 327,145 | 517,871 | 327,145 | |||
Accruals and deferred income |
|
|
|
|
|||
|
|
|
|
||||
Group | Company | ||||||
---|---|---|---|---|---|---|---|
2023 | 2022 | 2023 | 2022 | ||||
£ | £ | £ | £ | ||||
Other timing differences | 110,492 | 105,364 | 110,492 | 105,364 | |||
Group | ||
---|---|---|
Deferred Tax | Total | |
£ | £ | |
As at 1 October 2022 |
|
105,364 |
Deferred taxation |
|
|
Balance at 30 September 2023 |
|
110,492 |
Company | ||
---|---|---|
Deferred Tax | Total | |
£ | £ | |
As at 1 October 2022 |
|
105,364 |
Deferred taxation |
|
|
Balance at 30 September 2023 |
|
110,492 |
2023 | 2022 | ||
---|---|---|---|
£ | £ | ||
On equity shares: | |||
Final dividend paid |
|
|
|