2023
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2022
|
||
£
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£
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||
Turnover
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16,261,146
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19,453,563
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Gross Profit
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2,914,078
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4,505,811
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|
Gross Profit Margin
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18%
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23%
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|
EBITDA Margin
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7%
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16%
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Director
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9th October 2024
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Appointed |
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Resigned |
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Director
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for and on behalf of
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Chartered Accountants & Registered Auditor
Manor Courtyard
Aston Sandford
Bucks
HP17 8JB
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2023 | 2022 | |||
---|---|---|---|---|
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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OPERATING PROFIT | 4 |
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Interest payable and similar charges | 8 |
( |
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PROFIT BEFORE TAXATION |
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Tax on Profit | 9 |
( |
( |
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PROFIT AFTER TAXATION BEING PROFIT FOR THE FINANCIAL YEAR |
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RETAINED EARNINGS | ||||
As at 1 January 2023 |
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( |
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As at 31 December 2023 |
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2023 | 2022 | ||||
---|---|---|---|---|---|
Notes | £ | £ | £ | £ | |
FIXED ASSETS | |||||
Tangible Assets | 10 |
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CURRENT ASSETS | |||||
Stocks | 11 |
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Debtors | 12 |
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Cash at bank and in hand |
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Creditors: Amounts Falling Due Within One Year | 13 |
( |
( |
||
NET CURRENT ASSETS (LIABILITIES) |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
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NET ASSETS |
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CAPITAL AND RESERVES | |||||
Called up share capital | 14 |
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Share premium account |
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Profit and Loss Account |
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SHAREHOLDERS' FUNDS | 3,543,728 | 2,622,734 | |||
Director
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2023 | 2022 | |||
---|---|---|---|---|
Notes | £ | £ | ||
Cash flows from operating activities | ||||
Net cash (used in)/generated from operations | 1 |
( |
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Interest paid |
( |
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||
Tax paid |
( |
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||
Net cash (used in)/generated from operating activities |
( |
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||
Cash flows from investing activities | ||||
Purchase of tangible assets |
( |
( |
||
(Decrease)/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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2023 | 2022 | ||
---|---|---|---|
£ | £ | ||
Profit for the financial year |
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Adjustments for: | |||
Tax on profit |
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Interest expense |
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Depreciation of tangible assets |
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Foreign exchange losses/(gains) | 377,982 | (49,628) | |
Movements in working capital: | |||
Increase in stocks |
( |
( |
|
Decrease/(increase) in trade and other debtors |
|
( |
|
(Decrease)/increase in trade and other creditors |
( |
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|
Net cash (used in)/generated from operations |
( |
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2023 | 2022 | ||
---|---|---|---|
£ | £ | ||
Cash at bank and in hand |
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As at 1 January 2023 | Cash flows | As at 31 December 2023 | |
---|---|---|---|
£ | £ | £ | |
Cash at bank and in hand |
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(3,659,457) |
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Leasehold |
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Plant & Machinery |
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Fixtures & Fittings |
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Computer Equipment |
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2023 | 2022 | ||
---|---|---|---|
£ | £ | ||
United Kingdom |
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Rest of the world |
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16,261,146 | 19,453,563 | ||
2023 | 2022 | ||
---|---|---|---|
£ | £ | ||
Bad debts | 178,355 | 130,300 | |
Depreciation of tangible fixed assets |
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|
2023 | 2022 | ||
---|---|---|---|
£ | £ | ||
Audit Services | |||
Audit of the company's financial statements |
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2023 | 2022 | ||
---|---|---|---|
£ | £ | ||
Wages and salaries |
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Social security costs |
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Other pension costs |
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2023 | 2022 | ||
---|---|---|---|
Office and administration |
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Sales, marketing and distribution |
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Directors |
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Warehouse |
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2023 | 2022 | ||
---|---|---|---|
£ | £ | ||
Other finance charges |
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The tax charge on the profit for the year was as follows:
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Tax Rate | 2023 | 2022 | |||
---|---|---|---|---|---|
2023 | 2022 | £ | £ | ||
Current tax | |||||
UK Corporation Tax | 25.0% | 19.0% |
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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 | 1,157,372 | 3,061,761 | |||
Tax on profit at 25% (UK standard rate) |
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Expenses not deductible for tax purposes |
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Tax losses utilised |
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( |
|||
Capital allowances |
( |
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|||
Difference in tax rates |
( |
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Changes in tax provisions due to legislation |
( |
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Total tax charge for the period | 236,378 | 295,176 | |||
Land & Property | |||||
---|---|---|---|---|---|
Leasehold | Plant & Machinery | Fixtures & Fittings | Computer Equipment | Total | |
£ | £ | £ | £ | £ | |
Cost | |||||
As at 1 January 2023 |
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Additions |
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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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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 | ||
---|---|---|---|
£ | £ | ||
Stock |
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2023 | 2022 | ||
---|---|---|---|
£ | £ | ||
Due within one year | |||
Trade debtors |
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Amounts owed by group undertakings | 659,146 | 43,516 | |
Other debtors | 60,218 | 140,983 | |
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2023 | 2022 | ||
---|---|---|---|
£ | £ | ||
Trade creditors |
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Amounts owed to group undertakings |
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Other creditors | 1,181,020 | 651,783 | |
Corporation tax |
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Taxation and social security | 26,714 | 39,442 | |
Accruals and deferred income |
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2023 | 2022 | ||
---|---|---|---|
£ | £ | ||
Not later than one year |
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Later than one year and not later than five years |
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