Director
|
1 October 2024
|
Ordinary £1.00 shares
|
4000
|
Class E Shares £1.00 shares
|
NIL
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|
Director
|
Director
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|
for and on behalf of
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2024 | 2023 | |||
---|---|---|---|---|
Notes | £ | £ | ||
TURNOVER | 3 |
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|
Cost of sales |
( |
( |
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GROSS PROFIT |
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||
Administrative expenses |
( |
( |
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OPERATING PROFIT | 4 |
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Other interest receivable and similar income | 9 |
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Interest payable and similar charges | 10 |
( |
( |
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PROFIT BEFORE TAXATION |
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||
Tax on Profit | 11 |
( |
( |
|
PROFIT AFTER TAXATION BEING PROFIT FOR THE FINANCIAL YEAR |
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||
2024 | 2023 | ||||
---|---|---|---|---|---|
Notes | £ | £ | £ | £ | |
FIXED ASSETS | |||||
Tangible Assets | 12 |
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CURRENT ASSETS | |||||
Stocks | 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 |
( |
( |
||
NET CURRENT ASSETS (LIABILITIES) |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
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PROVISIONS FOR LIABILITIES | |||||
Deferred Taxation | 16 |
( |
( |
||
NET ASSETS |
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CAPITAL AND RESERVES | |||||
Called up share capital | 18 |
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Income Statement |
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SHAREHOLDERS' FUNDS | 5,037,607 | 4,969,683 | |||
Director
|
Director
|
|
Share Capital | Income Statement | Total | |
---|---|---|---|
£ | £ | £ | |
As at 1 February 2022 |
|
|
2,900,131 |
Profit for the year and total comprehensive income | - |
|
2,469,552 |
Dividends paid | - | (400,000) | (400,000) |
As at 31 January 2023 and 1 February 2023 |
|
|
4,969,683 |
Profit for the year and total comprehensive income | - |
|
467,924 |
Dividends paid | - | (400,000) | (400,000) |
As at 31 January 2024 |
|
|
5,037,607 |
2024 | 2023 | |||
---|---|---|---|---|
Notes | £ | £ | ||
Cash flows from operating activities | ||||
Net cash generated from operations | 1 |
|
|
|
Interest paid |
( |
( |
||
Tax paid |
( |
( |
||
Movement in Barclays Payment account | - | (62,201) | ||
Net cash (used in)/generated from operating activities |
( |
|
||
Cash flows from investing activities | ||||
Purchase of tangible assets |
( |
( |
||
Interest received |
|
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||
Net cash used in investing activities |
( |
( |
||
Cash flows from financing activities | ||||
Equity dividends paid |
( |
( |
||
Amount introduced by directors | 397,638 | (215,972) | ||
Amount withdrawn by directors | - | (108,919) | ||
Net cash used in financing activities |
( |
( |
||
(Decrease)/increase in cash and cash equivalents |
( |
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||
Cash and cash equivalents at beginning of year | 2 |
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Foreign exchange losses on cash and cash equivalents |
( |
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||
Cash and cash equivalents at end of year | 2 |
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2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
Profit for the financial year |
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|
Adjustments for: | |||
Tax on profit |
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|
Interest expense |
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|
Interest income |
( |
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|
Depreciation of tangible assets |
|
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|
Foreign exchange losses | 6,272 | - | |
Movements in working capital: | |||
(Increase)/decrease in stocks |
( |
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|
(Increase)/decrease in trade and other debtors |
( |
|
|
Decrease in trade and other creditors |
( |
( |
|
Net cash generated from operations |
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|
2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
Cash at bank and in hand |
|
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|
As at 1 February 2023 | Cash flows | As at 31 January 2024 | |
---|---|---|---|
£ | £ | £ | |
Cash at bank and in hand |
|
(281,308) |
|
Leasehold |
|
Plant & Machinery |
|
Motor Vehicles |
|
Fixtures & Fittings |
|
2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
Operating lease rentals |
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Exchange differences |
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Depreciation of tangible fixed assets |
|
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|
2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
Audit Services | |||
Audit of the company's financial statements |
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|
2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
Wages and salaries |
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Social security costs |
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Other pension costs |
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2024 | 2023 | ||
---|---|---|---|
Office and administration |
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Sales, marketing and distribution |
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Manufacturing |
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Research and Development |
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Senior Managers |
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Pattern Cutters |
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Warehouse staff |
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2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
Emoluments |
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Company contributions to money purchase pension schemes |
|
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|
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||
2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
Emoluments |
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|
Gabby Chrysanthou
|
2024
|
2023
|
|
£
|
£
|
||
Gross Salary
|
90,833
|
45,000
|
|
Employers NIC
|
11,334
|
5,162
|
|
Pension contributions
|
12,087
|
50,000
|
Julia Collins
|
2024
|
2023
|
|
£
|
£
|
||
Gross Salary
|
90,833
|
45,000
|
|
Employers NIC
|
12,075
|
5,162
|
|
Pension Contributions
|
18,455
|
52,713
|
2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
Bank interest receivable |
|
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|
2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
Other finance charges |
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The tax charge on the profit for the year was as follows:
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Tax Rate | 2024 | 2023 | |||
---|---|---|---|---|---|
2024 | 2023 | £ | £ | ||
Current tax | |||||
UK Corporation Tax | 25.0% | 19.0% |
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Deferred Tax | |||||
Deferred taxation |
( |
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Total tax charge for the period |
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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:
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2024 | 2023 | ||||
£ | £ | ||||
Profit before tax | 576,580 | 3,075,700 | |||
Tax on profit at 24% (UK standard rate) |
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Goodwill/depreciation not allowed for tax |
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Expenses not deductible for tax purposes |
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Capital allowances |
( |
( |
|||
Prior period adjustment |
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( |
|||
Difference in tax rates |
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|||
Deferred tax relating to changes in tax rates or laws |
( |
|
|||
Total tax charge for the period | 108,656 | 606,148 | |||
Land & Property | ||||
---|---|---|---|---|
Leasehold | Plant & Machinery | Fixtures & Fittings | Total | |
£ | £ | £ | £ | |
Cost | ||||
As at 1 February 2023 |
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Additions |
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As at 31 January 2024 |
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Depreciation | ||||
As at 1 February 2023 |
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Provided during the period |
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As at 31 January 2024 |
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Net Book Value | ||||
As at 31 January 2024 |
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As at 1 February 2023 |
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2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
Stock |
|
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|
2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
Due within one year | |||
Trade debtors |
|
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Prepayments and accrued income |
|
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Other debtors |
|
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VAT |
|
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|
Directors' loan accounts | - |
|
|
|
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||
2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
Trade creditors |
|
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Corporation tax |
|
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Social security & other taxes |
|
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Other creditors |
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Accruals |
|
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|
Directors' loan accounts |
|
- | |
|
|
||
2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
Other timing differences | 3,066 | 30,562 | |
Deferred Tax | Total | |
---|---|---|
£ | £ | |
As at 1 February 2023 |
|
30,562 |
Deferred taxation |
( |
( |
Balance at 31 January 2024 |
|
3,066 |
As at 1 February 2023 | Amounts advanced | Amounts repaid | Amounts written off | As at 31 January 2024 | |
---|---|---|---|---|---|
£ | £ | £ | £ | £ | |
Ms Julia Collins |
|
|
|
- |
( |
Mr Gavriel Chrysanthou |
|
|
|
- |
( |
2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
On equity shares: | |||
Interim dividend paid |
|
|
|
Final dividend paid | - |
|
|
400,000 | 400,000 | ||