for the Period Ended 29 February 2024
Company Information - 3 | |
Report of the Directors - 4 | |
Profit and Loss Account - 5 | |
Balance sheet - 6 | |
Additional notes - 8 | |
Balance sheet notes - 11 |
for the Period Ended 29 February 2024
Director: |
|
|
Registered office: |
England |
|
Company Registration Number: |
|
|
The directors present their report with the financial statements of the company for the period ended 29 February 2024
Principal Activities
Additional information
During the period we secured 13 new customers with 2 repeat orders from the previous period. 7 of these customers reordered within the period. The value of the orders have substantially increased as forecasted while our products are used on multiple production lines within the same manufacturing factory. There is also a growth of organic recommendations of our products between customer manufacturing facilities around the world. Our products now operate in 20 countries. We continue to work with eCommerce business Smart Factory Direct as our main product distributor and a small segment of sales are occurring via unofficial European and Asian distributors who have existing relationships with their customer base. The Value Added Tax situation stated during the previous period report still exists and so material costs reflex it. We are currently onboarding our first member of staff to support the final assembly of the products. During the period we attended Productronica ‘23 in Munich during November, this also featured the 12th Hermes Standard Initiative Meeting. We also attended IPC WinterCom ‘24 at the end of January in Barcelona. This was to improve our relationship with the IPC CFX 2-17a Task Group as we secured a UK Government match fund to develop the SMEMA CFX Adaptor which has a target prototype completion date of December ‘24. We still have not conducted any direct marketing or advertising but aim to target the OEM market where our solutions will be embedded into other suppliers products. To date all operations are currently loss making.
Directors
The directors shown below have held office during the whole of the period from 01 March 2023 to 29 February 2024
This report was approved by the board of directors on
And Signed On Behalf Of The Board By:
Name:
Status: Director
for the Period Ended 29 February 2024
Notes |
2024 £ |
2023 £ |
|
---|---|---|---|
Turnover |
|
|
|
Cost of sales |
(
|
(
|
|
Gross Profit or (Loss) |
|
(
|
|
Administrative Expenses |
(
|
- | |
Operating Profit or (Loss) |
|
(
|
|
Profit or (Loss) Before Tax |
|
(
|
|
Profit or (Loss) for Period |
|
(
|
The notes form part of these financial statements
As at
Notes |
2024 £ |
2023 £ |
|
---|---|---|---|
Fixed assets | |||
Total fixed assets: | - | - | |
Current assets | |||
Stocks: |
|
|
|
Cash at bank and in hand: |
|
|
|
Total current assets: |
|
|
|
Creditors: amounts falling due within one year: | 4 |
( |
|
Net current assets (liabilities): |
|
|
|
Total assets less current liabilities: |
|
|
|
Creditors: amounts falling due after more than one year: | 5 |
( |
( |
Total net assets (liabilities): |
( |
( |
The notes form part of these financial statements
As at 29 February 2024
Notes |
2024 £ |
2023 £ |
|
---|---|---|---|
Capital and reserves | |||
Called up share capital: |
|
|
|
Profit and loss account: |
( |
( |
|
Shareholders funds: |
( |
( |
This report was approved by the board of directors on
And Signed On Behalf Of The Board By:
Name:
Status: Director
The notes form part of these financial statements
for the Period Ended 29 February 2024
Basis of measurement and preparation
for the Period Ended 29 February 2024
2024 |
2023 |
|
---|---|---|
Average number of employees during the period |
|
|
for the Period Ended 29 February 2024
for the Period Ended 29 February 2024
2024 £ |
2023 £ |
|
---|---|---|
Other creditors |
|
|
Total |
|
for the Period Ended 29 February 2024
2024 £ |
2023 £ |
|
---|---|---|
Other creditors |
|
|
Total |
|
|