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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 |
11 |
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DIRECTORS' REPORT |
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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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GROSS PROFIT |
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Administrative expenses |
(
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(
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OPERATING PROFIT |
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Interest payable and similar expenses |
(
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(
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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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PROFIT FOR THE FINANCIAL YEAR AND TOTAL COMPREHENSIVE INCOME |
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------- |
------- |
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RETAINED LOSSES AT THE START OF THE YEAR |
(
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(
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-------- |
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RETAINED LOSSES AT THE END OF THE YEAR |
(
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(
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-------- |
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BALANCE SHEET |
2024 |
2023 |
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Note |
£ |
£ |
Tangible assets |
6 |
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Stocks |
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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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CREDITORS: amounts falling due after more than one year |
9 |
(
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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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(
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SHAREHOLDERS FUNDS |
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-------- |
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Director |
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NOTES TO THE FINANCIAL STATEMENTS |
Plant and machinery |
- |
20% and 10% straight line |
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Fixtures and fittings |
- |
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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 |
Fixtures and fittings |
Total |
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£ |
£ |
£ |
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Cost |
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At 1 April 2023 |
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Additions |
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At 31 March 2024 |
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Depreciation |
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At 1 April 2023 |
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Charge for the year |
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------- |
--------- |
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At 31 March 2024 |
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-------- |
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Carrying amount |
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At 31 March 2024 |
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At 31 March 2023 |
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Plant and machinery |
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£ |
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At 31 March 2024 |
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At 31 March 2023 |
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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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-------- |
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2024 |
2023 |
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£ |
£ |
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Bank loans and overdrafts |
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Trade creditors |
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Social security and other taxes |
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Other creditors |
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-------- |
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-------- |
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2024 |
2023 |
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£ |
£ |
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Bank loans and overdrafts |
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Other creditors |
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-------- |
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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 |
151,590 |
144,489 |
7,101 |
4.91 |
--------- |
--------- |
------- |
----- |
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Print Purchases |
38,873 |
36,825 |
2,048 |
5.56 |
Miscellaneous Purchases |
65 |
378 |
(313) |
(82.80) |
-------- |
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------- |
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38,938 |
37,203 |
1,735 |
4.66 |
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-------- |
-------- |
------- |
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GROSS PROFIT |
112,652 |
107,286 |
5,366 |
5.00 |
--------- |
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------- |
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GROSS PROFIT PERCENTAGE |
74.31% |
74.25% |
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Rent |
7,200 |
7,200 |
– |
– |
Rent rates and water |
1,522 |
3,152 |
(1,630) |
(51.71) |
Light and heat |
2,990 |
2,629 |
361 |
13.73 |
Insurance |
1,100 |
713 |
387 |
54.28 |
Repairs and maintenance |
928 |
793 |
135 |
17.02 |
Wages and salaries |
73,392 |
68,517 |
4,875 |
7.12 |
Staff pension contributions |
4,391 |
4,391 |
– |
– |
Motor expenses |
– |
14 |
(14) |
(100.00) |
Travel and subsistence |
2,736 |
2,432 |
304 |
12.50 |
Hire costs |
820 |
– |
820 |
– |
Telephone |
1,756 |
1,452 |
304 |
20.94 |
Equipment Hire |
2 |
2 |
– |
– |
Printing postage and stationery |
866 |
1,080 |
(214) |
(19.81) |
Advertising |
– |
122 |
(122) |
(100.00) |
Staff welfare & training |
70 |
148 |
(78) |
(52.70) |
Charitable donations |
52 |
– |
52 |
– |
Subscriptions |
1,807 |
1,506 |
301 |
19.99 |
Premises expenses |
254 |
416 |
(162) |
(38.94) |
Bad debts written off |
– |
47 |
(47) |
(100.00) |
Bank charges & credit card charges |
688 |
298 |
390 |
130.87 |
Legal and professional fees |
848 |
753 |
95 |
12.62 |
Accountancy fees |
1,240 |
1,289 |
(49) |
(3.80) |
Depreciation of tangible assets |
3,403 |
3,962 |
(559) |
(14.11) |
--------- |
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-------- |
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106,065 |
100,916 |
5,149 |
5.10 |
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--------- |
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------- |
-------- |
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Interest on bank loans and overdrafts |
350 |
474 |
(124) |
(26.16) |
Interest on hire purchase and finance lease contracts |
1,560 |
3,118 |
(1,558) |
(49.97) |
------- |
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------- |
------- |
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1,910 |
3,592 |
(1,682) |
(46.83) |
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PROFIT BEFORE TAXATION |
4,677 |
2,778 |
1,899 |
68.36 |
------- |
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------- |
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PROFIT BEFORE TAXATION PERCENTAGE |
3.09% |
1.92% |
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Corporation tax charge |
– |
(2) |
2 |
(100.00) |
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PROFIT AFTER TAXATION |
4,677 |
2,780 |
1,897 |
68.24 |
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PROFIT AFTER TAXATION PERCENTAGE |
3.09% |
1.92% |
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