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Financial Statements |
Contents |
Page |
Officers and professional advisers |
1 |
Directors' report |
2 |
Independent auditor's report to the members |
4 |
Statement of comprehensive income |
8 |
Statement of financial position |
9 |
Statement of changes in equity |
10 |
Statement of cash flows |
11 |
Notes to the financial statements |
12 |
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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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St Denys House |
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22 East Hill |
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St Austell |
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Cornwall |
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PL25 4TR |
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Directors' Report |
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(Appointed
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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 |
St Denys House |
22 East Hill |
St Austell |
Cornwall |
PL25 4TR |
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Statement of Comprehensive Income |
2024 |
2023 |
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Note |
£ |
£ |
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Turnover |
4 |
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--------- |
--------- |
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Gross profit |
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Administrative expenses |
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--------- |
--------- |
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Operating profit |
5 |
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Interest payable and similar expenses |
7 |
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--------- |
--------- |
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Profit before taxation |
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Taxation |
8 |
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--------- |
--------- |
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Profit for the financial year and total comprehensive income |
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--------- |
--------- |
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Statement of Financial Position |
2024 |
2023 |
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Note |
£ |
£ |
Tangible assets |
10 |
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Debtors |
11 |
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Cash at bank and in hand |
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--------- |
--------- |
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Creditors: amounts falling due within one year |
12 |
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--------- |
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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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Provisions |
14 |
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--------- |
--------- |
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Net assets |
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--------- |
--------- |
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Called up share capital |
17 |
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Profit and loss account |
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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 Changes in Equity |
Called up share capital |
Profit and loss account |
Total |
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£ |
£ |
£ |
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At 1 July 2022 |
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Profit for the year |
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-------- |
--------- |
--------- |
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Total comprehensive income for the year |
– |
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At 30 June 2023 |
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Profit for the year |
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-------- |
--------- |
--------- |
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Total comprehensive income for the year |
– |
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Dividends paid and payable |
9 |
– |
(
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(
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---- |
-------- |
-------- |
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Total investments by and distributions to owners |
– |
(
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(
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-------- |
--------- |
--------- |
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At 30 June 2024 |
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-------- |
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Statement of Cash Flows |
2024 |
2023 |
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Note |
£ |
£ |
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Cash generated from operations |
18 |
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(
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Interest paid |
(
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(
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Tax paid |
(
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(
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--------- |
--------- |
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Net cash from/(used in) operating activities |
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(
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--------- |
--------- |
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Purchase of tangible assets |
(
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(
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--------- |
--------- |
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Net cash used in investing activities |
(
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(
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--------- |
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Proceeds from borrowings |
(
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(
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Dividends paid |
(
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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/(decrease) in cash and cash equivalents |
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(
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Cash and cash equivalents at beginning of year |
257,193 |
374,951 |
--------- |
--------- |
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Cash and cash equivalents at end of year |
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--------- |
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Notes to the Financial Statements |
Equipment |
- |
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2024 |
2023 |
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£ |
£ |
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Sale of goods |
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--------- |
--------- |
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2024 |
2023 |
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£ |
£ |
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Depreciation of tangible assets |
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Office space rent |
– |
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Sponsorships |
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-------- |
-------- |
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2024 |
2023 |
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No. |
No. |
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Director |
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Other employees |
7
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6
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---- |
---- |
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---- |
---- |
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2024 |
2023 |
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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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--------- |
--------- |
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2024 |
2023 |
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£ |
£ |
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Other interest payable and similar charges |
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---- |
---- |
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2024 |
2023 |
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£ |
£ |
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UK current tax expense |
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Origination and reversal of timing differences |
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-------- |
-------- |
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Taxation |
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-------- |
-------- |
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2024 |
2023 |
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£ |
£ |
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Profit on ordinary activities before taxation |
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--------- |
--------- |
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Profit on ordinary activities by rate of tax |
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--------- |
--------- |
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2024 |
2023 |
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£ |
£ |
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Dividends paid during the year (excluding those for which a liability existed at the end of the prior year ) |
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– |
-------- |
---- |
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Equipment |
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£ |
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Cost |
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At 1 July 2023 |
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Additions |
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-------- |
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At 30 June 2024 |
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-------- |
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Depreciation |
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At 1 July 2023 |
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Charge for the year |
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-------- |
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At 30 June 2024 |
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-------- |
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Carrying amount |
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At 30 June 2024 |
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-------- |
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At 30 June 2023 |
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-------- |
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2024 |
2023 |
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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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--------- |
--------- |
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2024 |
2023 |
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£ |
£ |
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Bank loans and overdrafts |
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Trade creditors |
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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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Director loan accounts |
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– |
Other creditors |
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--------- |
-------- |
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--------- |
-------- |
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2024 |
2023 |
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£ |
£ |
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Bank loans and overdrafts |
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Other creditors |
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-------- |
-------- |
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-------- |
-------- |
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Deferred tax (note 15) |
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£ |
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At 1 July 2023 |
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Charge against provision |
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------- |
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At 30 June 2024 |
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------- |
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2024 |
2023 |
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£ |
£ |
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Included in provisions (note 14) |
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------- |
------- |
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2024 |
2023 |
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£ |
£ |
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Balance b/f |
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Charge to Income Statement during year |
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------- |
------- |
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1,426 |
1,301 |
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------- |
------- |
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2024 |
2023 |
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No. |
£ |
No. |
£ |
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50,000 |
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50,000 |
------------ |
-------- |
------------ |
-------- |
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2024 |
2023 |
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£ |
£ |
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Profit for the financial year |
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Adjustments for: |
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Depreciation of tangible assets |
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Interest payable and similar expenses |
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Taxation |
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Accrued expenses/(income) |
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(
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Changes in: |
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Trade and other debtors |
(
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(
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Trade and other creditors |
(
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--------- |
--------- |
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(
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--------- |
--------- |
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At 1 Jul 2023 |
Cash flows |
At 30 Jun 2024 |
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£ |
£ |
£ |
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Cash at bank and in hand |
|
57,807 |
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Debt due within one year |
(10,000) |
(4,121) |
(14,121) |
Debt due after one year |
(40,000) |
10,000 |
(30,000) |
--------- |
-------- |
--------- |
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--------- |
-------- |
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Notes to the Financial Statements (continued) |
2024 |
||||
Balance brought forward |
Advances/ (credits) to the directors |
Balance outstanding |
||
£ |
£ |
£ |
||
|
– |
(
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(
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---- |
------- |
------- |
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2023 |
||||
Balance brought forward |
Advances/ (credits) to the directors |
Balance outstanding |
||
£ |
£ |
£ |
||
|
– |
– |
– |
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---- |
---- |
---- |
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Transaction value |
Balance owed by/(owed to) |
|||
2024 |
2023 |
2024 |
2023 |
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£ |
£ |
£ |
£ |
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– |
– |
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– |
– |
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– |
– |
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---- |
---- |
------- |
------- |
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