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FINANCIAL STATEMENTS |
CONTENTS |
PAGE |
Directors' report |
1 |
Chartered accountants report to the board of directors on the preparation of the unaudited statutory financial statements |
2 |
Profit and loss account |
3 |
Balance sheet |
4 |
Notes to the financial statements |
5 |
Detailed profit and loss account |
10 |
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DIRECTORS' REPORT |
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Director |
CHARTERED ACCOUNTANTS REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF
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PROFIT AND LOSS ACCOUNT |
2024 |
2023 |
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Note |
£ |
£ |
TURNOVER |
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Cost of sales |
(
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(
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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 |
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Other interest receivable and similar income |
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– |
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Interest payable and similar expenses |
– |
(
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--------- |
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PROFIT BEFORE TAXATION |
5 |
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Tax on profit |
(
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(
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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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Dividends paid and payable |
(
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(
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RETAINED EARNINGS AT THE START OF THE YEAR |
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RETAINED EARNINGS AT THE END OF THE YEAR |
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BALANCE SHEET |
2024 |
2023 |
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Note |
£ |
£ |
Tangible assets |
6 |
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Debtors |
7 |
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Cash at bank and in hand |
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CREDITORS: amounts falling due within one year |
8 |
(
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(
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
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PROVISIONS |
(
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(
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NET ASSETS |
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Called up share capital |
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Profit and loss account |
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SHAREHOLDERS FUNDS |
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Director |
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NOTES TO THE FINANCIAL STATEMENTS |
Plant and machinery |
- |
33.33% on cost |
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Motor vehicles |
- |
33.33% on cost |
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Office equipment |
- |
33.33% on cost |
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2024 |
2023 |
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£ |
£ |
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Depreciation of tangible assets |
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Plant and machinery |
Motor vehicles |
Equipment |
Total |
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£ |
£ |
£ |
£ |
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Cost |
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At 1 February 2023 |
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451 |
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Additions |
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– |
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Disposals |
(
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(
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(
451) |
(
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-------- |
-------- |
---- |
-------- |
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At 31 January 2024 |
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– |
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Depreciation |
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At 1 February 2023 |
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451 |
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Charge for the year |
– |
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– |
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Disposals |
(
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(
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(
451) |
(
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-------- |
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-------- |
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At 31 January 2024 |
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– |
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-------- |
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Carrying amount |
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At 31 January 2024 |
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– |
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-------- |
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At 31 January 2023 |
– |
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– |
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-------- |
-------- |
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-------- |
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2024 |
2023 |
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£ |
£ |
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Trade debtors |
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Other debtors |
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--------- |
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2024 |
2023 |
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£ |
£ |
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Trade creditors |
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Corporation tax |
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– |
Social security and other taxes |
– |
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Other creditors |
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MANAGEMENT INFORMATION |
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DETAILED PROFIT AND LOSS ACCOUNT |
2024 |
2023 |
Variance |
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£ |
£ |
£ |
% |
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Sales |
1,405,346 |
1,027,372 |
377,974 |
36.79 |
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------------ |
--------- |
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Purchases |
72,295 |
65,933 |
6,362 |
9.65 |
Analytical |
54,824 |
45,351 |
9,473 |
20.89 |
Direct vehicle expenses |
44,856 |
50,794 |
(5,938) |
(11.69) |
Site safety and training |
7,111 |
7,142 |
(31) |
(0.43) |
Waste disposal |
180,657 |
98,929 |
81,728 |
82.61 |
Wages and salaries |
249,507 |
262,898 |
(13,391) |
(5.09) |
Pension costs - defined contribution |
20,447 |
20,533 |
(86) |
(0.42) |
Subcontractor costs |
160,713 |
79,620 |
81,093 |
101.85 |
Hire costs |
89,981 |
78,985 |
10,996 |
13.92 |
--------- |
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880,391 |
710,185 |
170,206 |
23.97 |
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-------- |
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GROSS PROFIT |
524,955 |
317,187 |
207,768 |
65.50 |
--------- |
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------- |
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GROSS PROFIT PERCENTAGE |
37.35% |
30.87% |
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Rent and rates |
6,687 |
6,576 |
111 |
1.69 |
Light and heat |
3,005 |
1,642 |
1,363 |
83.01 |
Insurance |
38,567 |
33,826 |
4,741 |
14.02 |
Wages and salaries |
27,895 |
26,457 |
1,438 |
5.44 |
Motor expenses |
15,300 |
15,300 |
– |
– |
Travel and subsistence |
6,275 |
8,107 |
(1,832) |
(22.60) |
Telephone |
8,684 |
7,896 |
788 |
9.98 |
Office expenses |
180 |
6,292 |
(6,112) |
(97.14) |
Printing postage and stationery |
3,755 |
3,490 |
265 |
7.59 |
Sundry expenses |
163 |
– |
163 |
– |
Healthcare |
3,590 |
3,086 |
504 |
16.33 |
Subscriptions |
7,967 |
3,543 |
4,424 |
124.87 |
Donations |
85 |
– |
85 |
– |
Advertising |
7,000 |
1,200 |
5,800 |
483.33 |
Entertaining |
1,226 |
606 |
620 |
102.31 |
Bad debts written off |
(12) |
(41) |
29 |
(70.73) |
Bank charges |
363 |
313 |
50 |
15.97 |
Legal and professional fees |
12,105 |
15,188 |
(3,083) |
(20.30) |
Accountancy fees |
2,029 |
1,240 |
789 |
63.63 |
Directors salaries |
103,253 |
102,923 |
330 |
0.32 |
Directors pension costs - other |
2,400 |
2,400 |
– |
– |
Depreciation of tangible assets |
19,714 |
15,437 |
4,277 |
27.71 |
(Gain)/loss on disposal of tangible assets |
(1,625) |
(2,500) |
875 |
(35.00) |
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268,606 |
252,981 |
15,625 |
6.18 |
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Interest on cash and cash equivalents |
622 |
– |
622 |
– |
---- |
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Other interest payable and similar charges |
– |
52 |
(52) |
(100.00) |
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PROFIT BEFORE TAXATION |
256,971 |
64,154 |
192,817 |
300.55 |
--------- |
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PROFIT BEFORE TAXATION PERCENTAGE |
18.29% |
6.24% |
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Corporation tax charge |
58,471 |
15,274 |
43,197 |
282.81 |
Deferred tax |
(2,973) |
– |
(2,973) |
– |
-------- |
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55,498 |
15,274 |
40,224 |
263.35 |
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PROFIT AFTER TAXATION |
201,473 |
48,880 |
152,593 |
312.18 |
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PROFIT AFTER TAXATION PERCENTAGE |
14.34% |
4.76% |
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