Director
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18 November 2024
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Company Secretary
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for and on behalf of
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Quaker Buildings
High Street
Lurgan
Craigavon
BT66 8BB
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2023 | 2022 | |||
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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 | 7 |
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( |
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PROFIT BEFORE TAXATION |
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Tax on Profit | 8 |
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( |
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PROFIT AFTER TAXATION BEING PROFIT FOR THE FINANCIAL YEAR |
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2023 | 2022 | |||
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£ | £ | |||
PROFIT FOR THE FINANCIAL YEAR |
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OTHER COMPREHENSIVE INCOME FOR THE YEAR | - | - | ||
TOTAL COMPREHENSIVE INCOME FOR THE YEAR |
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2023 | 2022 | ||||
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Notes | £ | £ | £ | £ | |
FIXED ASSETS | |||||
CURRENT ASSETS | |||||
Stocks | 10 |
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Debtors | 11 |
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Cash at bank and in hand |
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Creditors: Amounts Falling Due Within One Year | 12 |
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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 | 13 |
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Profit and Loss Account |
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SHAREHOLDERS' FUNDS | 1,162,551 | 6,113,367 | |||
Director
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Director
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Share Capital | Profit and Loss Account | Total | |
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£ | £ | £ | |
As at 1 January 2022 |
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5,928,639 |
Profit for the year and total comprehensive income | - |
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184,728 |
As at 31 December 2022 and 1 January 2023 |
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6,113,367 |
Profit for the year and total comprehensive income | - |
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49,184 |
Dividends paid | - | (5,000,000) | (5,000,000) |
As at 31 December 2023 |
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1,162,551 |
2023 | 2022 | |||
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Notes | £ | £ | ||
Cash flows from operating activities | ||||
Net cash generated from/(used in) operations | 1 |
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( |
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Interest paid |
( |
( |
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Tax refunded/(paid) |
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Net cash generated from/(used in) operating activities |
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( |
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Cash flows from financing activities | ||||
Equity dividends paid |
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Decrease in cash and cash equivalents |
( |
( |
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Cash and cash equivalents at beginning of year | 2 |
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Cash and cash equivalents at end of year | 2 |
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2023 | 2022 | ||
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£ | £ | ||
Profit for the financial year |
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Adjustments for: | |||
Tax on profit |
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Interest expense |
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Movements in working capital: | |||
Increase in stocks |
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( |
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Increase in trade and other debtors |
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( |
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Increase in trade and other creditors |
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Net cash generated from/(used in) operations |
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( |
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2023 | 2022 | ||
---|---|---|---|
£ | £ | ||
Cash at bank and in hand |
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Overdraft facilities repayable on demand |
( |
( |
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Cash and cash equivalents as stated in the Statement of Cash Flows | 3,002,038 | 3,277,490 | |
As at 1 January 2023 | Cash flows | As at 31 December 2023 | |
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£ | £ | £ | |
Cash at bank and in hand |
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(297,734) |
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Overdraft facilities repayable on demand | (53,431) | 22,282 | (31,149) |
Cash and cash equivalents |
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(275,452) |
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Fixtures & Fittings |
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2023 | 2022 | ||
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£ | £ | ||
Europe |
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33,780,747 | 25,726,909 | ||
2023 | 2022 | ||
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£ | £ | ||
Bad debts | - | (28,652) | |
2023 | 2022 | ||
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£ | £ | ||
Audit Services | |||
Audit of the company's financial statements |
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2023 | 2022 | ||
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£ | £ | ||
Bank loans and overdrafts |
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Other finance charges |
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3,591 | 410 | ||
The tax charge on the profit for the year was as follows:
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Tax Rate | 2023 | 2022 | |||
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2023 | 2022 | £ | £ | ||
Current tax | |||||
UK Corporation Tax | 23.5% | 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 effective rate of corporation tax of 23.5% as follows:
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2023 | 2022 | ||||
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£ | £ | ||||
Profit before tax | 63,968 | 227,738 | |||
Tax on profit at 23.5% (UK standard rate) |
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Capital allowances |
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( |
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Prior period adjustment |
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Total tax charge for the period | 14,784 | 43,010 | |||
Fixtures & Fittings | |
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£ | |
Cost | |
As at 1 January 2023 |
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As at 31 December 2023 |
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Depreciation | |
As at 1 January 2023 |
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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 | ||
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£ | £ | ||
Stock |
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2023 | 2022 | ||
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£ | £ | ||
Due within one year | |||
Trade debtors |
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Other debtors | 3,181,227 | 2,422,511 | |
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2023 | 2022 | ||
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£ | £ | ||
Trade creditors |
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Bank loans and overdrafts |
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Other creditors | 5,182,772 | 468,378 | |
Corporation tax |
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Accruals and deferred income |
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2023 | 2022 | ||
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£ | £ | ||
Bank loans and overdrafts | 31,149 | 53,431 |
2023 | 2022 | ||
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£ | £ | ||
On equity shares: | |||
Interim dividend paid |
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