2024
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2023
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Debtor days
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33
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15
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Creditor days
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50
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21
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Gross profit percentage
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11.66%
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13.30%
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Net profit percentage
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5.11%
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8.10%
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Net assets
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4,816,716
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6,420,406
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Director
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26th November 2024
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Appointed |
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Director
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for and on behalf of
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Unit 3, Building 2, The Colony
Altrincham Road
Wilmslow
Cheshire
SK9 4LY
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2024 | 2023 | |||
---|---|---|---|---|
Notes | £ | £ | ||
TURNOVER | 3 |
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Cost of sales |
( |
( |
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GROSS PROFIT |
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Distribution costs |
( |
( |
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Administrative expenses |
( |
( |
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Other operating income |
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OPERATING PROFIT | 4 |
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Loss on disposal of fixed assets |
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( |
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Other interest receivable and similar income | 9 |
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Interest payable and similar charges |
( |
( |
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PROFIT BEFORE TAXATION |
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Tax on Profit | 10 |
( |
( |
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PROFIT AFTER TAXATION BEING 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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2024 | 2023 | ||||
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Notes | £ | £ | £ | £ | |
FIXED ASSETS | |||||
Tangible Assets | 11 |
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CURRENT ASSETS | |||||
Stocks | 12 |
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Debtors | 13 |
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Cash at bank and in hand |
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Creditors: Amounts Falling Due Within One Year | 14 |
( |
( |
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NET CURRENT ASSETS (LIABILITIES) |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
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PROVISIONS FOR LIABILITIES | |||||
Deferred Taxation | 16 |
( |
( |
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NET ASSETS |
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CAPITAL AND RESERVES | |||||
Called up share capital | 18 |
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Capital redemption reserve |
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Income Statement |
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SHAREHOLDERS' FUNDS | 4,816,716 | 6,420,406 | |||
Director
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Share Capital | Revaluation reserve | Capital Redemption | Income Statement | Total | |
---|---|---|---|---|---|
£ | £ | £ | £ | £ | |
As at 1 May 2022 |
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5,147,601 |
Profit for the year and total comprehensive income | - | - | - |
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4,322,805 |
Dividends paid | - | - | - | (3,050,000) | (3,050,000) |
Transfer from revaluation reserve | - | - | - | 89,758 | 89,758 |
Transfer to/from Profit & Loss Account | - |
( |
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- | (89,758) |
As at 30 April 2023 and 1 May 2023 |
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6,420,406 |
Profit for the year and total comprehensive income | - | - | - |
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1,809,310 |
Dividends paid | - | - | - | (3,413,000) | (3,413,000) |
As at 30 April 2024 |
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4,816,716 |
Plant & Machinery |
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Motor Vehicles |
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2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
Depreciation of tangible fixed assets |
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2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
Audit Services | |||
Audit of the company's financial statements |
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2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
Wages and salaries |
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Social security costs |
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Other pension costs |
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2024 | 2023 | ||
---|---|---|---|
Directors |
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Drivers |
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Administrative |
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2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
Emoluments |
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Company contributions to money purchase pension schemes |
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2024 | 2023 | ||
---|---|---|---|
Money purchase pension schemes |
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2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
Emoluments |
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Company contributions to money purchase pension schemes |
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2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
Bank interest receivable |
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Other interest receivable from HMRC | 57,005 | - | |
151,709 | 12,541 | ||
The tax charge on the profit for the year was as follows:
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Tax Rate | 2024 | 2023 | |||
---|---|---|---|---|---|
2024 | 2023 | £ | £ | ||
Current tax | |||||
UK Corporation Tax | 25.0% | 19.0% |
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Prior period adjustment |
( |
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Deferred Tax | |||||
Deferred taxation |
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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 standard rate of corporation tax as follows:
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2024 | 2023 | ||||
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£ | £ | ||||
Profit before tax | 2,309,764 | 5,343,320 | |||
Tax on profit at 25% (UK standard rate) |
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Goodwill/depreciation not allowed for tax |
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Expenses not deductible for tax purposes |
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Capital allowances |
( |
( |
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Short term timing differences |
( |
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Research and Development tax credit |
( |
( |
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Prior period adjustment |
( |
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Difference in tax rates |
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Deferred tax from unrecognised tax loss or credit |
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Group relief |
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( |
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Total tax charge for the period | 500,454 | 1,020,515 | |||
Plant & Machinery | Motor Vehicles | Total | |
---|---|---|---|
£ | £ | £ | |
Cost | |||
As at 1 May 2023 |
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Additions |
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As at 30 April 2024 |
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Depreciation | |||
As at 1 May 2023 |
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Provided during the period |
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As at 30 April 2024 |
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Net Book Value | |||
As at 30 April 2024 |
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As at 1 May 2023 |
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2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
Plant & Machinery | - |
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2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
Stock |
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2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
Due within one year | |||
Trade debtors |
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Prepayments and accrued income |
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VAT |
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Amounts owed by group undertakings |
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2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
Net obligations under finance lease and hire purchase contracts | - |
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Trade creditors |
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Amounts owed to group undertakings | - |
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Other creditors | 61,057 | 41,892 | |
Corporation tax |
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Taxation and social security | 19,367 | 16,675 | |
Accruals and deferred income |
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2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
Net obligations under finance lease and hire purchase contracts | - | 13,440 |
2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
The future minimum finance lease payments are as follows: | |||
Not later than one year |
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2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
Other timing differences | 192,349 | 136,429 | |
Deferred Tax | Total | |
---|---|---|
£ | £ | |
As at 1 May 2023 |
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136,429 |
Additions |
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55,920 |
Balance at 30 April 2024 |
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192,349 |
2024
|
2023
|
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£
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£
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Accelerated capital allowances
|
192,523
|
136,734
|
|
Short term timing differences
|
(174)
|
(305)
|
|
|
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Total
|
192,349
|
136,429
|
2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
Not later than one year |
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Later than one year and not later than five years |
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2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
On equity shares: | |||
Interim dividend paid |
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