Director
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18/10/2024
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Director
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for and on behalf of
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Henwood House
Henwood
Ashford
Kent
TN24 8DH
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2023 | 2022 | |||
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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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Other operating income |
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OPERATING PROFIT | 5 |
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Income from other fixed asset investments |
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Profit on disposal of fixed assets |
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Other interest receivable and similar income | 10 |
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Interest payable and similar charges | 11 |
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PROFIT BEFORE TAXATION |
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Tax on Profit | 12 |
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PROFIT AFTER TAXATION BEING PROFIT FOR THE FINANCIAL YEAR |
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2023 | 2022 | ||||
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Notes | £ | £ | £ | £ | |
FIXED ASSETS | |||||
Tangible Assets | 14 |
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Investments | 15 |
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CURRENT ASSETS | |||||
Stocks | 16 |
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Debtors | 17 |
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Cash at bank and in hand |
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Creditors: Amounts Falling Due Within One Year | 18 |
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NET CURRENT ASSETS (LIABILITIES) |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
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Creditors: Amounts Falling Due After More Than One Year | 19 |
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PROVISIONS FOR LIABILITIES | |||||
Deferred Taxation | 20 |
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NET ASSETS |
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CAPITAL AND RESERVES | |||||
Called up share capital | 22 |
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Profit and Loss Account |
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SHAREHOLDERS' FUNDS | 3,501,534 | 3,472,275 | |||
Director
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Director
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Share Capital | Profit and Loss Account | Total | |
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£ | £ | £ | |
As at 1 January 2022 |
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2,858,242 |
Profit for the year and total comprehensive income | - |
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1,179,033 |
Dividends paid | - | (565,000) | (565,000) |
As at 31 December 2022 and 1 January 2023 |
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3,472,275 |
Profit for the year and total comprehensive income | - |
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594,259 |
Dividends paid | - | (565,000) | (565,000) |
As at 31 December 2023 |
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3,501,534 |
2023 | 2022 | |||
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Notes | £ | £ | ||
Cash flows from operating activities | ||||
Net cash generated from operations | 1 |
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Interest paid |
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Tax paid |
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Net cash generated from operating activities |
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Cash flows from investing activities | ||||
Purchase of tangible assets |
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Proceeds from disposal of tangible assets |
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Purchase of other fixed asset investments |
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Grants received |
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Interest received |
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Dividends received |
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Net cash used in investing activities |
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Cash flows from financing activities | ||||
Equity dividends paid |
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Repayment of finance leases |
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Net cash used in financing activities |
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Increase/(decrease) in cash and cash equivalents |
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Cash and cash equivalents at beginning of year | 2 |
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Cash and cash equivalents at end of year | 2 |
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2023 | 2022 | ||
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£ | £ | ||
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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Income from investments | (17,402) | - | |
Depreciation of tangible assets |
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Profit on disposal of tangible assets | (10,458) | (37,460) | |
Grant income | (10,000) | (1,007) | |
Movements in working capital: | |||
Decrease/(increase) in stocks |
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Decrease/(increase) in trade and other debtors |
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Increase/(decrease) in trade and other creditors |
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Net cash generated from operations |
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2023 | 2022 | ||
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£ | £ | ||
Cash at bank and in hand |
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As at 1 January 2023 | Cash flows | As at 31 December 2023 | |
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£ | £ | £ | |
Cash at bank and in hand |
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136,492 |
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Finance leases | (508,800) | 37,048 | (471,752) |
718,081 | 173,540 | 891,621 | |
Freehold |
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Leasehold |
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Plant & Machinery |
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Motor Vehicles |
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Fixtures & Fittings |
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2023 | 2022 | ||
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£ | £ | ||
United Kingdom |
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14,720,515 | 16,884,451 | ||
2023 | 2022 | ||
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£ | £ | ||
Grant income |
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Other operating income |
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16,827 | 1,007 | ||
2023 | 2022 | ||
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£ | £ | ||
Bad debts | 43,925 | 67,596 | |
Depreciation of tangible fixed assets |
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2023 | 2022 | ||
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£ | £ | ||
Audit Services | |||
Audit of the company's financial statements |
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2023 | 2022 | ||
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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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2023 | 2022 | ||
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£ | £ | ||
Emoluments |
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2023 | 2022 | ||
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£ | £ | ||
Bank interest receivable |
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Dividends from other fixed asset investments - unlisted | 17,402 | - | |
56,971 | 5,684 | ||
2023 | 2022 | ||
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£ | £ | ||
Finance charges payable under finance leases and hire purchase contracts | 23,026 | 13,975 | |
Other finance charges | - |
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23,026 | 16,589 | ||
The tax charge on the profit for the year was as follows:
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Tax Rate | 2023 | 2022 | |||
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2023 | 2022 | £ | £ | ||
Current tax | |||||
UK Corporation Tax | 23.5% | 19.0% |
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Deferred Tax | |||||
Origination and reversal of timing differences |
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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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2023 | 2022 | ||||
£ | £ | ||||
Profit before tax | 771,777 | 1,439,411 | |||
Tax on profit at 23.5% (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 |
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Prior period adjustment |
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Revenue exempt from taxation |
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Total tax charge for the period | 171,672 | 231,365 | |||
Goodwill | |||
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£ | |||
Cost | |||
As at 1 January 2023 |
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As at 31 December 2023 |
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Amortisation | |||
As at 1 January 2023 |
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As at 31 December 2023 |
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Land & Property | |||||
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Leasehold | Plant & Machinery | Motor Vehicles | Fixtures & Fittings | Total | |
£ | £ | £ | £ | £ | |
Cost | |||||
As at 1 January 2023 |
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Additions |
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Disposals |
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As at 31 December 2023 |
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Depreciation | |||||
As at 1 January 2023 |
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Provided during the period |
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Disposals |
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As at 31 December 2023 |
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Net Book Value | |||||
As at 31 December 2023 |
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As at 1 January 2023 |
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2023 | 2022 | ||
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£ | £ | ||
Plant & Machinery |
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Motor Vehicles |
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Unlisted | |
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£ | |
Cost | |
As at 1 January 2023 |
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Additions |
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As at 31 December 2023 |
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Provision | |
As at 1 January 2023 |
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As at 31 December 2023 |
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Net Book Value | |
As at 31 December 2023 |
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As at 1 January 2023 |
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2023 | 2022 | ||
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£ | £ | ||
Finished goods |
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2023 | 2022 | ||
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£ | £ | ||
Due within one year | |||
Trade debtors |
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Prepayments and accrued income |
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Other debtors |
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2023 | 2022 | ||
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£ | £ | ||
Net obligations under finance lease and hire purchase contracts |
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Trade creditors |
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Other creditors | 281,941 | 121,028 | |
Corporation tax |
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Taxation and social security | 117,094 | 104,380 | |
Accruals and deferred income |
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2023 | 2022 | ||
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£ | £ | ||
Net obligations under finance lease and hire purchase contracts |
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2023 | 2022 | ||
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£ | £ | ||
Net obligations under finance lease and hire purchase contracts | 471,752 | 508,800 |
2023 | 2022 | ||
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£ | £ | ||
Other timing differences | 196,103 | 190,257 | |
Deferred Tax | Total | |
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£ | £ | |
As at 1 January 2023 |
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190,257 |
Additions |
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5,846 |
Balance at 31 December 2023 |
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196,103 |
2023 | 2022 | ||
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£ | £ | ||
At the end of the period |
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2023 | 2022 | ||
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£ | £ | ||
Not later than one year |
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Later than one year and not later than five years |
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Later than five years |
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2023 | 2022 | ||
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£ | £ | ||
On equity shares: | |||
Interim dividend paid |
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