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REGISTERED NUMBER: 01221643 (England and Wales)















Strategic Report, Report of the Directors and

Audited Financial Statements for the Year Ended 31st March 2024

for

Forestdale Business Services Limited

Forestdale Business Services Limited (Registered number: 01221643)

Contents of the Financial Statements
for the year ended 31st March 2024










Page

Company Information 1

Strategic Report 2

Report of the Directors 3

Report of the Independent Auditors 5

Statement of Comprehensive Income 9

Statement of Financial Position 10

Statement of Changes in Equity 11

Statement of Cash Flows 12

Notes to the Statement of Cash Flows 13

Notes to the Financial Statements 14


Forestdale Business Services Limited

Company Information
for the year ended 31st March 2024







DIRECTORS: J W Baker
C M Baker
C Baker



REGISTERED OFFICE: 1-3 Manor Road
Chatham
Kent
ME4 6AE



REGISTERED NUMBER: 01221643 (England and Wales)



SENIOR STATUTORY AUDITOR: Natalie Harrison FCA FCCA CTA TEP



AUDITORS: Beak Kemmenoe
Chartered Accountants
& Statutory Auditors
1-3 Manor Road
Chatham
Kent
ME4 6AE

Forestdale Business Services Limited (Registered number: 01221643)

Strategic Report
for the year ended 31st March 2024


The directors present their strategic report for the year ended 31st March 2024.

REVIEW OF BUSINESS
The company's principal activities during the year were the wholesale distribution of cleaning and janitorial supplies.

The company has continued to trade profitably during the year. Despite the economic climate the company continues to trade profitably to the date of signing of this report, and the directors are confident that this will remain the case for the remainder of the year.

The director regards turnover and gross margin as the key performance indicators of the business and the director is
pleased with the performance despite challenging trading conditions.

The company is in a strong position to continue to supply and service its customers.

PRINCIPAL RISKS AND UNCERTAINTIES
The directors manage the company's exposure to financial risk by researching the credit worthiness of customers and by seeking advice from external financial advisors.

The company is also subject to competitor risk, operating in a competitive market with a focus on quality and price. To reduce this risk the company continues to actively challenge margins when reviewing potential orders, and works hard to ensure the sourcing of products at the best price available. To reduce this risk the company continues to actively challenge margins when tendering for contracts.


There is no currency risk and the company does not trade speculatively in derivatives or similar instruments.

RESEARCH AND DEVELOPMENT
The company does not engage in research and development.

ON BEHALF OF THE BOARD:





J W Baker - Director


30th October 2024

Forestdale Business Services Limited (Registered number: 01221643)

Report of the Directors
for the year ended 31st March 2024


The directors present their report with the financial statements of the company for the year ended 31st March 2024.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of the wholesale distribution of cleaning and janitorial supplies.

DIVIDENDS
An interim dividend of £157.93 per share was paid on 31st March 2024. The directors recommend that no final dividend be paid.

The total distribution of dividends for the year ended 31st March 2024 will be £ 316,500.

DIRECTORS
The directors shown below have held office during the whole of the period from 1st April 2023 to the date of this report.

J W Baker
C M Baker
C Baker

STATEMENT OF DIRECTORS' RESPONSIBILITIES
The directors are responsible for preparing the Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-select suitable accounting policies and then apply them consistently;
-make judgements and accounting estimates that are reasonable and prudent;
-prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

Forestdale Business Services Limited (Registered number: 01221643)

Report of the Directors
for the year ended 31st March 2024


AUDITORS
The auditors, Beak Kemmenoe, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:





J W Baker - Director


30th October 2024

Report of the Independent Auditors to the Members of
Forestdale Business Services Limited


Opinion
We have audited the financial statements of Forestdale Business Services Limited (the 'company') for the year ended 31st March 2024 which comprise the Statement of Comprehensive Income, Statement of Financial Position, Statement of Changes in Equity, Statement of Cash Flows and Notes to the Statement of Cash Flows, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).
_
In our opinion the financial statements:
-give a true and fair view of the state of the company's affairs as at 31st March 2024 and of its profit for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information
The directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Report of the Independent Auditors to the Members of
Forestdale Business Services Limited


Matters on which we are required to report by exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of directors' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.

Responsibilities of directors
As explained more fully in the Statement of Directors' Responsibilities set out on page three, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Report of the Independent Auditors to the Members of
Forestdale Business Services Limited


Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:

- The engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations;

- We identified the laws and regulations applicable to the company through discussions with directors and other management, and from our commercial knowledge and experience of project and haulage services;

- We focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the company, including the Companies Act 2006, taxation legislation and data protection, anti-bribery, employment and health and safety legislation;

- We assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and

- Identified laws and regulations were communicated within the audit team regularly and the team remained alert to instances of non-compliance throughout the audit.

We assessed the susceptibility of the company's financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:

- Making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud; and

- Considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations.

To address the risk of fraud through management bias and override of controls, we:

- Performed analytical procedures to identify any unusual or unexpected relationships;

-Tested journal entries to identify unusual transactions;

- Assessed whether judgements and assumptions made in determining the accounting estimates were indicative of potential bias; and

- Investigated the rationale behind significant or unusual transactions.

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:

- Agreeing financial statement disclosures to underlying supporting documentation;

- Enquiring of management as to actual and potential litigation and claims; and

- Reviewing correspondence with HMRC, relevant regulators including the Health and Safety Executive, and the company's legal advisors.


Report of the Independent Auditors to the Members of
Forestdale Business Services Limited

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.




Natalie Harrison FCA FCCA CTA TEP (Senior Statutory Auditor)
for and on behalf of Beak Kemmenoe
Chartered Accountants
& Statutory Auditors
1-3 Manor Road
Chatham
Kent
ME4 6AE

30th October 2024

Forestdale Business Services Limited (Registered number: 01221643)

Statement of Comprehensive
Income
for the year ended 31st March 2024

2024 2023
Notes £    £   

TURNOVER 11,963,074 11,244,967

Cost of sales 8,813,346 8,200,984
GROSS PROFIT 3,149,728 3,043,983

Administrative expenses 2,445,734 2,287,622
703,994 756,361

Other operating income 4 137,939 97,471
OPERATING PROFIT 6 841,933 853,832

Interest receivable and similar income 32,464 4,045
PROFIT BEFORE TAXATION 874,397 857,877

Tax on profit 7 262,987 174,026
PROFIT FOR THE FINANCIAL YEAR 611,410 683,851

OTHER COMPREHENSIVE INCOME - -
TOTAL COMPREHENSIVE INCOME
FOR THE YEAR

611,410

683,851

Forestdale Business Services Limited (Registered number: 01221643)

Statement of Financial Position
31st March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 9 1 1
Tangible assets 10 3,188,731 3,108,442
Investment property 11 1,725,043 1,725,043
4,913,775 4,833,486

CURRENT ASSETS
Stocks 12 1,026,050 1,073,033
Debtors 13 1,819,289 1,850,857
Cash at bank 1,835,487 1,523,039
4,680,826 4,446,929
CREDITORS
Amounts falling due within one year 14 1,069,884 1,115,175
NET CURRENT ASSETS 3,610,942 3,331,754
TOTAL ASSETS LESS CURRENT
LIABILITIES

8,524,717

8,165,240

PROVISIONS FOR LIABILITIES 15 149,519 84,952
NET ASSETS 8,375,198 8,080,288

CAPITAL AND RESERVES
Called up share capital 16 2,004 2,004
Retained earnings 17 8,373,194 8,078,284
SHAREHOLDERS' FUNDS 8,375,198 8,080,288

The financial statements were approved by the Board of Directors and authorised for issue on 30th October 2024 and were signed on its behalf by:




J W Baker - Director



C M Baker - Director


Forestdale Business Services Limited (Registered number: 01221643)

Statement of Changes in Equity
for the year ended 31st March 2024

Called up
share Retained Total
capital earnings equity
£    £    £   
Balance at 1st April 2022 2,004 7,574,433 7,576,437

Changes in equity
Dividends - (180,000 ) (180,000 )
Total comprehensive income - 683,851 683,851
Balance at 31st March 2023 2,004 8,078,284 8,080,288

Changes in equity
Dividends - (316,500 ) (316,500 )
Total comprehensive income - 611,410 611,410
Balance at 31st March 2024 2,004 8,373,194 8,375,198

Forestdale Business Services Limited (Registered number: 01221643)

Statement of Cash Flows
for the year ended 31st March 2024

2024 2023
Notes £    £   
Cash flows from operating activities
Cash generated from operations 1 1,001,207 823,916
Tax paid (143,012 ) (102,698 )
Net cash from operating activities 858,195 721,218

Cash flows from investing activities
Purchase of tangible fixed assets (291,891 ) (217,154 )
Sale of tangible fixed assets 30,180 43,085
Interest received 32,464 4,045
Net cash from investing activities (229,247 ) (170,024 )

Cash flows from financing activities
Equity dividends paid (316,500 ) (180,000 )
Net cash from financing activities (316,500 ) (180,000 )

Increase in cash and cash equivalents 312,448 371,194
Cash and cash equivalents at beginning of
year

2

1,523,039

1,151,845

Cash and cash equivalents at end of year 2 1,835,487 1,523,039

Forestdale Business Services Limited (Registered number: 01221643)

Notes to the Statement of Cash Flows
for the year ended 31st March 2024


1. RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM
OPERATIONS

2024 2023
£    £   
Profit before taxation 874,397 857,877
Depreciation charges 184,215 151,466
Profit on disposal of fixed assets (2,793 ) (16,980 )
Finance income (32,464 ) (4,045 )
1,023,355 988,318
Decrease/(increase) in stocks 46,983 (116,008 )
Decrease/(increase) in trade and other debtors 31,568 (130,774 )
(Decrease)/increase in trade and other creditors (100,699 ) 82,380
Cash generated from operations 1,001,207 823,916

2. CASH AND CASH EQUIVALENTS

The amounts disclosed on the Statement of Cash Flows in respect of cash and cash equivalents are in respect of these Statement of Financial Position amounts:

Year ended 31st March 2024
31.3.24 1.4.23
£    £   
Cash and cash equivalents 1,835,487 1,523,039
Year ended 31st March 2023
31.3.23 1.4.22
£    £   
Cash and cash equivalents 1,523,039 1,151,845


3. ANALYSIS OF CHANGES IN NET FUNDS

At 1.4.23 Cash flow At 31.3.24
£    £    £   
Net cash
Cash at bank 1,523,039 312,448 1,835,487
1,523,039 312,448 1,835,487
Total 1,523,039 312,448 1,835,487

Forestdale Business Services Limited (Registered number: 01221643)

Notes to the Financial Statements
for the year ended 31st March 2024


1. STATUTORY INFORMATION

Forestdale Business Services Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is the total amount receivable by the company for goods supplied and services provided, excluding VAT and trade discounts.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 1996, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 10% on reducing balance
Motor vehicles - 25% on reducing balance
Furniture and equipment - 10% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Comprehensive Income, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Forestdale Business Services Limited (Registered number: 01221643)

Notes to the Financial Statements - continued
for the year ended 31st March 2024


3. ACCOUNTING POLICIES - continued

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
Payments in respect of other post-retirement benefits are charged to profit or loss in the period to which they relate.


4. OTHER OPERATING INCOME
2024 2023
£    £   
Rents received 137,939 97,471

5. EMPLOYEES AND DIRECTORS
2024 2023
£    £   
Wages and salaries 1,531,974 1,297,971
Social security costs 128,796 139,673
Other pension costs 29,126 60,538
1,689,896 1,498,182

The average number of employees during the year was as follows:
2024 2023

Administrative staff 3 2
Sales, office and warehouse staff 35 35
38 37

2024 2023
£    £   
Directors' remuneration 107,180 -

Forestdale Business Services Limited (Registered number: 01221643)

Notes to the Financial Statements - continued
for the year ended 31st March 2024


6. OPERATING PROFIT

The operating profit is stated after charging/(crediting):

2024 2023
£    £   
Hire of plant and machinery 24,579 45,525
Depreciation - owned assets 184,215 151,466
Profit on disposal of fixed assets (2,793 ) (16,980 )

7. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
2024 2023
£    £   
Current tax:
UK corporation tax 198,420 143,012

Deferred tax 64,567 31,014
Tax on profit 262,987 174,026

8. DIVIDENDS
2024 2023
£    £   
Ordinary shares of £1 each
Interim 316,500 180,000

9. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st April 2023
and 31st March 2024 10,000
AMORTISATION
At 1st April 2023
and 31st March 2024 9,999
NET BOOK VALUE
At 31st March 2024 1
At 31st March 2023 1

Forestdale Business Services Limited (Registered number: 01221643)

Notes to the Financial Statements - continued
for the year ended 31st March 2024


10. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1st April 2023 3,512,307 219,671 293,230
Additions - 39,997 16,630
Disposals - (19,571 ) -
At 31st March 2024 3,512,307 240,097 309,860
DEPRECIATION
At 1st April 2023 858,067 167,126 195,063
Charge for year 70,246 10,560 9,956
Eliminated on disposal - (13,158 ) -
At 31st March 2024 928,313 164,528 205,019
NET BOOK VALUE
At 31st March 2024 2,583,994 75,569 104,841
At 31st March 2023 2,654,240 52,545 98,167

Furniture
Motor and
vehicles equipment Totals
£    £    £   
COST
At 1st April 2023 387,235 76,831 4,489,274
Additions 235,264 - 291,891
Disposals (60,615 ) - (80,186 )
At 31st March 2024 561,884 76,831 4,700,979
DEPRECIATION
At 1st April 2023 101,621 58,955 1,380,832
Charge for year 91,666 1,787 184,215
Eliminated on disposal (39,641 ) - (52,799 )
At 31st March 2024 153,646 60,742 1,512,248
NET BOOK VALUE
At 31st March 2024 408,238 16,089 3,188,731
At 31st March 2023 285,614 17,876 3,108,442

Forestdale Business Services Limited (Registered number: 01221643)

Notes to the Financial Statements - continued
for the year ended 31st March 2024


11. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st April 2023
and 31st March 2024 1,725,043
NET BOOK VALUE
At 31st March 2024 1,725,043
At 31st March 2023 1,725,043

12. STOCKS
2024 2023
£    £   
Stocks 1,026,050 1,073,033

13. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,704,771 1,791,609
Inter Company Balance 21,600 18,600
Prepayments and accrued income 92,918 40,648
1,819,289 1,850,857

14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 574,796 662,516
Tax 198,402 142,994
Social security and other taxes 46,261 65,041
VAT Liability 134,602 157,826
Other creditors and accruals 115,823 86,798
1,069,884 1,115,175

15. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 149,519 84,952

Deferred
tax
£   
Balance at 1st April 2023 84,952
Provided during year 64,567
Balance at 31st March 2024 149,519

Forestdale Business Services Limited (Registered number: 01221643)

Notes to the Financial Statements - continued
for the year ended 31st March 2024


16. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2,004 Ordinary £1 2,004 2,004

17. RESERVES
Retained
earnings
£   

At 1st April 2023 8,078,284
Profit for the year 611,410
Dividends (316,500 )
At 31st March 2024 8,373,194

18. RELATED PARTY DISCLOSURES

The company is related to Direct Cleaning Supplies Ltd (dormant) and Astonstar Limited by common ownership.

The company supplied to Astonstar Limited during the year; administration charges £240,000 (2023: £240,000). At the year end Astonstar Limited owed the company £21,600 (2023: £18,600).

The loan is interest free and repayable on demand, no amounts were written off in the year.

19. ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.