2024
|
2023
|
||
£
|
£
|
||
Turnover
|
13,935,797
|
15,037,142
|
|
Gross Profit
|
5,016,063
|
4,260,091
|
|
Gross Profit Margin
|
36%
|
28%
|
Director
|
7th November 2024
|
|
Director
|
|
for and on behalf of
|
|
Chartered Accountants & Registered Auditor
Manor Courtyard
Aston Sandford
Bucks
HP17 8JB
|
2024 | 2023 | |||
---|---|---|---|---|
Notes | £ | £ | ||
TURNOVER | 3 |
|
|
|
Cost of sales |
( |
( |
||
GROSS PROFIT |
|
|
||
Administrative expenses |
( |
( |
||
OPERATING PROFIT | 4 |
|
|
|
Profit on disposal of fixed assets |
|
|
||
Other interest receivable and similar income | 9 |
|
|
|
Interest payable and similar charges | 10 |
|
( |
|
PROFIT BEFORE TAXATION |
|
|
||
Tax on Profit | 11 |
( |
( |
|
PROFIT AFTER TAXATION BEING PROFIT FOR THE FINANCIAL YEAR |
|
|
||
2024 | 2023 | |||
---|---|---|---|---|
£ | £ | |||
PROFIT FOR THE FINANCIAL YEAR |
|
|
||
OTHER COMPREHENSIVE INCOME FOR THE YEAR | - | - | ||
TOTAL COMPREHENSIVE INCOME FOR THE YEAR |
|
|
||
2024 | 2023 | ||||
---|---|---|---|---|---|
Notes | £ | £ | £ | £ | |
FIXED ASSETS | |||||
Tangible Assets | 13 |
|
|
||
|
|
||||
CURRENT ASSETS | |||||
Stocks | 14 |
|
|
||
Debtors | 15 |
|
|
||
Cash at bank and in hand |
|
|
|||
|
|
||||
Creditors: Amounts Falling Due Within One Year | 16 |
( |
( |
||
NET CURRENT ASSETS (LIABILITIES) |
|
|
|||
TOTAL ASSETS LESS CURRENT LIABILITIES |
|
|
|||
PROVISIONS FOR LIABILITIES | |||||
Deferred Taxation | 17 |
( |
( |
||
NET ASSETS |
|
|
|||
CAPITAL AND RESERVES | |||||
Called up share capital | 19 |
|
|
||
Profit and Loss Account |
|
|
|||
SHAREHOLDERS' FUNDS | 9,417,123 | 7,826,868 | |||
Director
|
|
Share Capital | Profit and Loss Account | Total | |
---|---|---|---|
£ | £ | £ | |
As at 1 April 2022 |
|
|
5,750,876 |
Profit for the year and total comprehensive income | - |
|
2,119,192 |
Dividends paid | - | (43,200) | (43,200) |
As at 31 March 2023 and 1 April 2023 |
|
|
7,826,868 |
Profit for the year and total comprehensive income | - |
|
2,525,582 |
Dividends paid | - | (935,327) | (935,327) |
As at 31 March 2024 |
|
|
9,417,123 |
2024 | 2023 | |||
---|---|---|---|---|
Notes | £ | £ | ||
Cash flows from operating activities | ||||
Net cash generated from operations | 1 |
|
|
|
Interest paid |
|
( |
||
Tax paid |
( |
( |
||
Net cash generated from operating activities |
|
|
||
Cash flows from investing activities | ||||
Purchase of tangible assets |
( |
( |
||
Proceeds from disposal of tangible assets |
|
|
||
Interest received |
|
|
||
Net cash generated from/(used in) investing activities |
|
( |
||
Cash flows from financing activities | ||||
Equity dividends paid |
( |
( |
||
Amount withdrawn by directors | - | (39,456) | ||
Net cash used in financing activities |
( |
( |
||
Increase in cash and cash equivalents |
|
|
||
Cash and cash equivalents at beginning of year | 2 |
|
|
|
Foreign exchange losses on cash and cash equivalents |
( |
( |
||
Cash and cash equivalents at end of year | 2 |
|
|
|
2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
Profit for the financial year |
|
|
|
Adjustments for: | |||
Tax on profit |
|
|
|
Interest expense | - |
|
|
Interest income |
( |
( |
|
Depreciation of tangible assets |
|
|
|
Profit on disposal of tangible assets | (4,638) | (9,149) | |
Foreign exchange losses | 346,861 | 55,380 | |
Movements in working capital: | |||
Decrease in stocks |
|
|
|
Decrease/(increase) in trade and other debtors |
|
( |
|
Decrease in trade and other creditors |
( |
( |
|
Net cash generated from operations |
|
|
|
2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
Cash at bank and in hand |
|
|
|
As at 1 April 2023 | Cash flows | As at 31 March 2024 | |
---|---|---|---|
£ | £ | £ | |
Cash at bank and in hand |
|
2,955,846 |
|
Leasehold |
|
Plant & Machinery |
|
Motor Vehicles |
|
Fixtures & Fittings |
|
2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
United Kingdom |
|
|
|
13,935,797 | 15,037,142 | ||
2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
Bad debts | 15,179 | (38,740) | |
Depreciation of tangible fixed assets |
|
|
|
2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
Audit Services | |||
Audit of the company's financial statements |
|
|
|
2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
Wages and salaries |
|
|
|
Social security costs |
|
|
|
Other pension costs |
|
|
|
|
|
||
2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
Emoluments |
|
|
|
Company contributions to money purchase pension schemes |
|
|
|
|
|
||
2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
Bank interest receivable |
|
|
|
2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
Other interest charges | - |
|
|
The tax charge on the profit for the year was as follows:
|
|||||
Tax Rate | 2024 | 2023 | |||
---|---|---|---|---|---|
2024 | 2023 | £ | £ | ||
Current tax | |||||
UK Corporation Tax | 25.0% | 19.0% |
|
|
|
Deferred Tax | |||||
Deferred taxation |
( |
|
|||
Total tax charge for the period |
|
|
|||
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:
|
2024 | 2023 | ||||
---|---|---|---|---|---|
£ | £ | ||||
Profit before tax | 3,332,765 | 2,596,697 | |||
Tax on profit at 25% (UK standard rate) |
|
|
|||
Capital allowances |
( |
( |
|||
Short term timing differences |
( |
|
|||
Total tax charge for the period | 807,183 | 477,505 | |||
Goodwill | Other | Total | |
---|---|---|---|
£ | £ | £ | |
Cost | |||
As at 1 April 2023 |
|
|
|
As at 31 March 2024 |
|
|
|
Amortisation | |||
As at 1 April 2023 |
|
|
|
As at 31 March 2024 |
|
|
|
Net Book Value | |||
As at 31 March 2024 |
|
|
|
As at 1 April 2023 |
|
|
|
Land & Property | |||||
---|---|---|---|---|---|
Leasehold | Plant & Machinery | Motor Vehicles | Fixtures & Fittings | Total | |
£ | £ | £ | £ | £ | |
Cost | |||||
As at 1 April 2023 |
|
|
|
|
|
Additions |
|
|
|
|
|
Disposals |
|
|
( |
|
( |
As at 31 March 2024 |
|
|
|
|
|
Depreciation | |||||
As at 1 April 2023 |
|
|
|
|
|
Provided during the period |
|
|
|
|
|
Disposals |
|
|
( |
|
( |
As at 31 March 2024 |
|
|
|
|
|
Net Book Value | |||||
As at 31 March 2024 |
|
|
|
|
|
As at 1 April 2023 |
|
|
|
|
|
2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
Stock and Goods in transit |
|
|
|
2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
Due within one year | |||
Trade debtors |
|
|
|
Other debtors | 78,095 | 68,761 | |
|
|
||
2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
Trade creditors |
|
|
|
Other creditors | 21,150 | 23,669 | |
Corporation tax |
|
|
|
Taxation and social security | 149,467 | 330,653 | |
Accruals and deferred income |
|
|
|
|
|
||
2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
Other timing differences | 10,205 | 26,008 | |
Deferred Tax | Total | |
---|---|---|
£ | £ | |
As at 1 April 2023 |
|
26,008 |
Deferred taxation |
( |
( |
Balance at 31 March 2024 |
|
10,205 |
2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
Not later than one year |
|
|
|
Later than one year and not later than five years |
|
|
|
|
|
||
2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
On equity shares: | |||
Final dividend paid |
|
|
|