Directors |
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Company Number |
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Registered Office | Sas House Friarswood |
Chipperfield Road | |
Kings Langley | |
Hertfordshire | |
WD4 9JB | |
Auditors |
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SAS House | |
Chipperfield Road | |
Kings Langley | |
WD4 9JB | |
2024
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2023
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Revenue
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18,645,666
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16,029,832
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Gross Profit Percentage
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22%
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24%
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Operating Profit
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2,299,209
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2,109,127
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Net Assets
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2,384,558
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1,501,629
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Director
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30/10/2024
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Resigned |
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Director
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for and on behalf of
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SAS House
Chipperfield Road
Kings Langley
WD4 9JB
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2024 | 2023 | |||
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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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( |
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OPERATING PROFIT | 5 |
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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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OTHER COMPREHENSIVE INCOME FOR THE YEAR | - | - | ||
TOTAL COMPREHENSIVE INCOME FOR THE YEAR |
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2024 | 2023 | ||||
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Notes | £ | £ | £ | £ | |
FIXED ASSETS | |||||
Tangible Assets | 14 |
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Investments | 15 |
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CURRENT ASSETS | |||||
Debtors | 16 |
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Cash at bank and in hand |
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Creditors: Amounts Falling Due Within One Year | 17 |
( |
( |
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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 | 18 |
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( |
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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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Capital redemption reserve |
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Profit and Loss Account |
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SHAREHOLDERS' FUNDS | 2,384,558 | 1,501,629 | |||
Director
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Share Capital | Capital Redemption | Profit and Loss Account | Total | |
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£ | £ | £ | £ | |
As at 1 February 2022 |
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( |
(123,641) |
Profit for the year and total comprehensive income | - | - |
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1,625,270 |
As at 31 January 2023 and 1 February 2023 |
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1,501,629 |
Profit for the year and total comprehensive income | - | - |
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1,682,929 |
Dividends paid | - | - | (800,000) | (800,000) |
As at 31 January 2024 |
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2,384,558 |
2024 | 2023 | |||
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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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Grants refunded |
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( |
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Interest 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 bank borrowings |
( |
( |
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Net cash used in financing activities |
( |
( |
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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)/gains 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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Grant income | - | 19,304 | |
Foreign exchange losses/(gains) | 25,663 | (45,866) | |
Movements in working capital: | |||
Increase in trade and other debtors |
( |
( |
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Increase in trade and other creditors |
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Net cash generated from operations |
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2024 | 2023 | ||
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£ | £ | ||
Cash at bank and in hand |
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As at 1 February 2023 | Cash flows | As at 31 January 2024 | |
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£ | £ | £ | |
Cash at bank and in hand |
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12,790 |
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Debts falling due within one year |
( |
(225,000) |
( |
Debts falling due after more than one year | (375,000) | 375,000 | - |
2,946,508 | 162,790 | 3,109,298 | |
Leasehold |
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Plant & Machinery |
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2024 | 2023 | ||
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£ | £ | ||
United Kingdom |
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Europe |
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Rest of the world |
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18,645,666 | 16,029,832 | ||
2024 | 2023 | ||
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£ | £ | ||
Grant income | - |
( |
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- | (19,304) | ||
2024 | 2023 | ||
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£ | £ | ||
Bad debts | (19,459) | 28,412 | |
Depreciation of tangible fixed assets |
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2024 | 2023 | ||
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£ | £ | ||
Audit Services | |||
Audit of the company's financial statements |
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2024 | 2023 | ||
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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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2024 | 2023 | ||
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£ | £ | ||
Emoluments |
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2024 | 2023 | ||
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£ | £ | ||
Emoluments |
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Company contributions to money purchase pension schemes |
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2024 | 2023 | ||
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£ | £ | ||
Interest on short term deposits |
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2024 | 2023 | ||
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£ | £ | ||
Bank loans and overdrafts |
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Other finance charges |
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49,932 | 40,506 | ||
The tax charge on the profit for the year was as follows:
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Tax Rate | 2024 | 2023 | |||
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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 | ||||
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£ | £ | ||||
Profit before tax | 2,255,423 | 2,070,728 | |||
Tax on profit at 25% (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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Tax losses utilised |
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( |
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Capital allowances |
( |
( |
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Short term timing differences |
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( |
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Difference in tax rates |
( |
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Total tax charge for the period | 572,494 | 305,245 | |||
Goodwill | Other | Total | |
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£ | £ | £ | |
Cost | |||
As at 1 February 2023 |
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Disposals |
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( |
( |
As at 31 January 2024 |
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Amortisation | |||
As at 1 February 2023 |
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Disposals |
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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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Land & Property | |||
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Leasehold | Plant & Machinery | 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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Unlisted | |
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£ | |
Cost | |
As at 1 February 2023 |
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As at 31 January 2024 |
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Provision | |
As at 1 February 2023 |
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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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Name of undertaking | Registered Office | Class of shares held | Direct holding | Indirect holding |
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SAS House, Friarswood, Chipperfield Road, Kings Langley, Hertfordshire, England, WD4 9JB |
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Capital and Reserves | Profit/(loss) | |
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£ | £ | |
Absolute Publishing Limited |
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2024 | 2023 | ||
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£ | £ | ||
Due within one year | |||
Trade debtors |
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Amounts owed by group undertakings | 1,371,686 | - | |
Other debtors | 988,860 | 825,233 | |
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2024 | 2023 | ||
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£ | £ | ||
Trade creditors |
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Bank loans and overdrafts |
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Amounts owed to group undertakings |
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Other creditors | 3,185,199 | 3,505,257 | |
Corporation tax |
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Taxation and social security | 312,509 | 227,153 | |
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2024 | 2023 | ||
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£ | £ | ||
Bank loans |
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2024 | 2023 | ||
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£ | £ | ||
Amounts falling due within one year or on demand: | |||
Bank loans |
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2024 | 2023 | ||
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£ | £ | ||
Amounts falling due between one and five years: | |||
Bank loans | - |
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2024 | 2023 | ||
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£ | £ | ||
Other timing differences | 48,948 | 45,572 | |
Deferred Tax | Total | |
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£ | £ | |
As at 1 February 2023 |
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45,572 |
Deferred taxation |
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Balance at 31 January 2024 |
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48,948 |
2024 | 2023 | ||
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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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2024 | 2023 | ||
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£ | £ | ||
On equity shares: | |||
Final dividend paid |
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