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Financial Statements |
Contents |
Page |
Strategic report |
1 |
Directors' report |
3 |
Independent auditor's report to the members |
5 |
Statement of income and retained earnings |
9 |
Statement of financial position |
10 |
Statement of cash flows |
11 |
Notes to the financial statements |
12 |
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Strategic Report |
Registered office: |
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Directors' Report |
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Registered office: |
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Independent Auditor's Report to the Members of
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(Senior Statutory Auditor) |
For and on behalf of |
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Chartered accountants & statutory auditor |
Camburgh House |
27 New Dover Road |
Canterbury |
Kent |
CT1 3DN |
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Statement of Income and Retained Earnings |
2024 |
2023 |
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Note |
£ |
£ |
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Turnover |
4 |
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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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Operating profit |
5 |
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Other interest receivable and similar income |
9 |
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Interest payable and similar expenses |
10 |
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Profit before taxation |
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Tax on profit |
11 |
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Profit for the financial year and total comprehensive income |
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------------ |
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Dividends paid and payable |
12 |
(
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(
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Retained earnings at the start of the year |
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Retained earnings at the end of the year |
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Statement of Financial Position |
2024 |
2023 |
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Note |
£ |
£ |
£ |
Tangible assets |
13 |
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Debtors |
14 |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
15 |
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Net current liabilities |
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Total assets less current liabilities |
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Creditors: amounts falling due after more than one year |
16 |
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Taxation including deferred tax |
18 |
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Net assets |
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Called up share capital |
21 |
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Capital redemption reserve |
22 |
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Profit and loss account |
22 |
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Shareholders funds |
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Statement of Cash Flows |
2024 |
2023 |
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£ |
£ |
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Profit for the financial year |
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Adjustments for: |
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Depreciation of tangible assets |
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Other interest receivable and similar income |
(
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(
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Interest payable and similar expenses |
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Gains on disposal of tangible assets |
(
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(
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Tax on profit |
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Accrued income |
(
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(
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Changes in: |
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Trade and other debtors |
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(
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Trade and other creditors |
(
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------------ |
------------ |
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Cash generated from operations |
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Interest paid |
(
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(
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Interest received |
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Tax paid |
– |
(
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------------ |
------------ |
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Net cash from operating activities |
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Purchase of tangible assets |
(
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(
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Proceeds from sale of tangible assets |
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Net cash used in investing activities |
(
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(
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Proceeds from borrowings |
– |
(
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Proceeds from loans from group undertakings |
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Payments of finance lease liabilities |
(
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(
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Dividends paid |
(
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(
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------------ |
------------ |
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Net cash used in financing activities |
(
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(
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Net (decrease)/increase in cash and cash equivalents |
(
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Cash and cash equivalents at beginning of year |
2,062,655 |
1,752,281 |
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Cash and cash equivalents at end of year |
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------------ |
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Notes to the Financial Statements |
Leasehold |
- |
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Plant and machinery |
- |
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Fixtures and fittings |
- |
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Motor vehicles |
- |
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Equipment |
- |
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2024 |
2023 |
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£ |
£ |
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Rendering of services |
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------------- |
------------- |
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2024 |
2023 |
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£ |
£ |
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Depreciation of tangible assets |
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Gains on disposal of tangible assets |
(
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(
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Impairment of trade debtors |
(5,456) |
10,596 |
Operating lease rentals |
– |
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Foreign exchange differences |
(
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------------ |
--------- |
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2024 |
2023 |
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£ |
£ |
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Fees payable for the audit of the financial statements |
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------- |
------- |
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Other non-audit services |
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------- |
------- |
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2024 |
2023 |
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No. |
No. |
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Production staff |
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---- |
---- |
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2024 |
2023 |
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£ |
£ |
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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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------------ |
------------ |
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------------ |
------------ |
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2024 |
2023 |
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£ |
£ |
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Remuneration |
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--------- |
--------- |
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2024 |
2023 |
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£ |
£ |
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Aggregate remuneration |
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--------- |
--------- |
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2024 |
2023 |
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£ |
£ |
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Interest on cash and cash equivalents |
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-------- |
------- |
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2024 |
2023 |
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£ |
£ |
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Interest on obligations under finance leases and hire purchase contracts |
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Other interest payable and similar charges |
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-------- |
-------- |
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-------- |
-------- |
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2024 |
2023 |
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£ |
£ |
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UK current tax expense |
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Origination and reversal of timing differences |
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Impact of change in tax rate |
– |
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--------- |
--------- |
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Total deferred tax |
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--------- |
--------- |
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Tax on profit |
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--------- |
--------- |
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2024 |
2023 |
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£ |
£ |
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Profit on ordinary activities before taxation |
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------------ |
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Profit on ordinary activities by rate of tax |
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Effect of expenses not deductible for tax purposes |
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Effect of capital allowances and depreciation |
(
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(
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Deferred taxation |
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Group loss relief |
(564)
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– |
------------ |
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Tax on profit |
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------------ |
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2024 |
2023 |
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£ |
£ |
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Dividends paid during the year (excluding those for which a liability existed at the end of the prior year ) |
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At 1 May 2023 |
Additions |
Disposals |
At 30 April 2024 |
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£ |
£ |
£ |
£ |
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Cost |
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Leasehold |
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– |
– |
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Plant and machinery |
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– |
– |
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Fixtures and fittings |
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– |
– |
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Motor vehicles |
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(
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Equipment |
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– |
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------------ |
------------ |
------------ |
------------ |
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(
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------------ |
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At 1 May 2023 |
Charge for the year |
Disposals |
At 30 April 2024 |
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£ |
£ |
£ |
£ |
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Depreciation |
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Leasehold |
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– |
– |
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Plant and machinery |
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– |
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Fixtures and fittings |
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– |
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Motor vehicles |
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(
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Equipment |
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– |
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------------ |
------------ |
------------ |
------------ |
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(
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------------ |
------------ |
------------ |
------------ |
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At 30 April 2024 |
At 30 April 2023 |
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£ |
£ |
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Carrying amount |
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Leasehold |
– |
– |
Plant and machinery |
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Fixtures and fittings |
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Motor vehicles |
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Equipment |
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------------ |
------------ |
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------------ |
------------ |
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2024 |
2023 |
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£ |
£ |
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Trade debtors |
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Prepayments and accrued income |
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Corporation tax repayable |
– |
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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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Trade creditors |
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Amounts owed to group undertakings |
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Accruals and deferred income |
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Corporation tax |
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– |
Social security and other taxes |
– |
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Obligations under finance leases and hire purchase contracts |
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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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Obligations under finance leases and hire purchase contracts |
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--------- |
--------- |
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2024 |
2023 |
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£ |
£ |
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Not later than 1 year |
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Later than 1 year and not later than 5 years |
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--------- |
--------- |
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--------- |
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Deferred tax (note 19) |
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£ |
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At 1 May 2023 |
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Additions |
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--------- |
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At 30 April 2024 |
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--------- |
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2024 |
2023 |
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£ |
£ |
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Included in provisions (note 18) |
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--------- |
--------- |
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2024 |
2023 |
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£ |
£ |
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Accelerated capital allowances |
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--------- |
--------- |
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2024 |
2023 |
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No. |
£ |
No. |
£ |
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30 |
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30 |
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20 |
|
20 |
------- |
---- |
------- |
---- |
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------- |
---- |
------- |
---- |
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At 1 May 2023 |
Cash flows |
At 30 Apr 2024 |
|
£ |
£ |
£ |
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Cash at bank and in hand |
|
(1,005,610) |
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Debt due within one year |
(2,351,763) |
(79,183) |
(2,430,946) |
Debt due after one year |
(338,528) |
157,144 |
(181,384) |
------------ |
------------ |
------------ |
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(
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(
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(
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------------ |
------------ |
------------ |
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2024 |
2023 |
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£ |
£ |
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Not later than 1 year |
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Later than 1 year and not later than 5 years |
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--------- |
--------- |
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Notes to the Financial Statements (continued) |