2024
|
2023
|
||
Debtor days
|
33
|
15
|
|
Creditor days
|
50
|
21
|
|
Gross profit percentage
|
11.66%
|
13.30%
|
|
Net profit percentage
|
5.16%
|
8.11%
|
|
Net assets
|
7,815,266
|
6,556,771
|
Director
|
26th November 2024
|
|
|
Director
|
|
for and on behalf of
|
|
Unit 3, Building 2, The Colony
Altrincham Road
Wilmslow
Cheshire
SK9 4LY
|
2024 | 2023 | |||
---|---|---|---|---|
Notes | £ | £ | ||
TURNOVER | 3 |
|
|
|
Cost of sales |
( |
( |
||
GROSS PROFIT |
|
|
||
Distribution costs |
( |
( |
||
Administrative expenses |
( |
( |
||
Other operating income |
|
|
||
OPERATING PROFIT | 5 |
|
|
|
Income from other fixed asset investments |
|
|
||
Loss on disposal of fixed assets |
|
( |
||
Other interest receivable and similar income | 10 |
|
|
|
Interest payable and similar charges |
( |
( |
||
PROFIT BEFORE TAXATION |
|
|
||
Tax on Profit | 11 |
( |
( |
|
PROFIT AFTER TAXATION BEING PROFIT FOR THE FINANCIAL YEAR ATTRIBUTABLE TO THE OWNERS OF THE PARENT |
|
|
||
OTHER COMPREHENSIVE INCOME FOR THE YEAR | - | - | ||
TOTAL COMPREHENSIVE INCOME FOR THE YEAR ATTRIBUTABLE TO THE OWNERS OF THE PARENT |
|
|
||
2024 | 2023 | ||||
---|---|---|---|---|---|
Notes | £ | £ | £ | £ | |
FIXED ASSETS | |||||
Tangible Assets | 12 |
|
|
||
Investments | 13 |
|
|
||
|
|
||||
CURRENT ASSETS | |||||
Stocks | 14 |
|
|
||
Debtors | 15 |
|
|
||
Investments | 16 |
|
|
||
Cash at bank and in hand |
|
|
|||
|
|
||||
Creditors: Amounts Falling Due Within One Year | 17 |
( |
( |
||
NET CURRENT ASSETS (LIABILITIES) |
|
|
|||
TOTAL ASSETS LESS CURRENT LIABILITIES |
|
|
|||
PROVISIONS FOR LIABILITIES | |||||
Deferred Taxation | 19 |
( |
( |
||
NET ASSETS |
|
|
|||
CAPITAL AND RESERVES | |||||
Called up share capital | 21 |
|
|
||
Share premium account |
|
|
|||
Consolidation reserve |
|
|
|||
Income Statement |
|
|
|||
SHAREHOLDERS' FUNDS | 7,815,270 | 6,556,771 | |||
Director
|
|
2024 | 2023 | ||||
---|---|---|---|---|---|
Notes | £ | £ | £ | £ | |
FIXED ASSETS | |||||
Tangible Assets | 12 |
|
|
||
Investments | 13 |
|
|
||
|
|
||||
CURRENT ASSETS | |||||
Debtors | 15 |
|
|
||
Investments | 16 |
|
|
||
Cash at bank and in hand |
|
|
|||
|
|
||||
Creditors: Amounts Falling Due Within One Year | 17 |
( |
( |
||
NET CURRENT ASSETS (LIABILITIES) |
|
( |
|||
TOTAL ASSETS LESS CURRENT LIABILITIES |
|
|
|||
NET ASSETS |
|
|
|||
CAPITAL AND RESERVES | |||||
Called up share capital | 21 |
|
|
||
Share premium account |
|
|
|||
Income Statement |
|
|
|||
SHAREHOLDERS' FUNDS | 2,964,410 | 102,222 | |||
Director
|
|
Share Capital | Share Premium | Revaluation reserve | Consolidation reserve | |
---|---|---|---|---|
£ | £ | £ | £ | |
As at 1 May 2022 |
|
|
|
|
Profit for the year and total comprehensive income | - | - | - | - |
Dividends paid | - | - | - | - |
Transfer from revaluation reserve | - | - | - | - |
Transfer to/from Profit & Loss Account | - | - |
( |
|
As at 30 April 2023 and 1 May 2023 |
|
|
|
|
Profit for the year and total comprehensive income | - | - | - | - |
Dividends paid | - | - | - | - |
As at 30 April 2024 |
|
|
|
|
Income Statement | Total | |
---|---|---|
£ | £ | |
As at 1 May 2022 |
|
5,171,812 |
Profit for the year and total comprehensive income |
|
4,326,091 |
Dividends paid | (2,941,132) | (2,941,132) |
Transfer from revaluation reserve | 89,758 | 89,758 |
Transfer to/from Profit & Loss Account | - | (89,758) |
As at 30 April 2023 and 1 May 2023 |
|
6,556,771 |
Profit for the year and total comprehensive income |
|
1,824,682 |
Dividends paid | (566,183) | (566,183) |
As at 30 April 2024 |
|
7,815,270 |
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 |
( |
( |
||
Purchase of other fixed asset investments |
( |
|
||
Purchase of current asset investments |
( |
|
||
Interest received |
|
|
||
Dividends received |
|
|
||
Loan made to associated company | (401,000) | - | ||
Net cash used in investing activities |
( |
( |
||
Cash flows from financing activities | ||||
Equity dividends paid |
( |
( |
||
Proceeds from new other loans | - | 1,599,000 | ||
Repayment of other loans | (1,599,000) | - | ||
Repayment of finance leases |
( |
( |
||
Amount withdrawn by directors | (150,000) | (477,841) | ||
Net cash used in financing activities |
( |
( |
||
Decrease in cash and cash equivalents |
( |
( |
||
Cash and cash equivalents at beginning of year | 2 |
|
|
|
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 |
( |
( |
|
Income from investments | (30,334) | - | |
Depreciation of tangible assets |
|
|
|
Loss on disposal of tangible assets | - | 59,749 | |
Movements in working capital: | |||
Decrease in stocks |
|
|
|
(Increase)/decrease in trade and other debtors |
( |
|
|
Increase/(decrease) in trade and other creditors |
|
( |
|
Net cash generated from operations |
|
|
|
2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
Cash at bank and in hand |
|
|
|
As at 1 May 2023 | Cash flows | As at 30 April 2024 | |
---|---|---|---|
£ | £ | £ | |
Cash at bank and in hand |
|
(2,846,435) |
|
Finance leases | (13,440) | 13,440 | - |
7,546,397 | (2,832,995) | 4,713,402 | |
Freehold |
|
Leasehold |
|
Plant & Machinery |
|
Motor Vehicles |
|
2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
Other operating income | - |
|
|
- | 19,433 | ||
2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
Depreciation of tangible fixed assets |
|
|
|
2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
Audit Services | |||
Audit of the group and company's financial statements |
|
|
|
2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
Wages and salaries |
|
|
|
Social security costs |
|
|
|
Other pension costs |
|
|
|
|
|
||
Group | Company | ||||||
---|---|---|---|---|---|---|---|
2024 | 2023 | 2024 | 2023 | ||||
Directors |
|
|
|
|
|||
Drivers |
|
|
|
|
|||
Administrative |
|
|
|
|
|||
|
|
|
|
||||
2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
Emoluments |
|
|
|
Company contributions to money purchase pension schemes |
|
|
|
|
|
||
2024 | 2023 | ||
---|---|---|---|
Money purchase pension schemes |
|
|
|
2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
Emoluments |
|
|
|
Company contributions to money purchase pension schemes |
|
|
|
|
|
||
2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
Bank interest receivable |
|
|
|
Other interest receivable from HMRC | 57,005 | - | |
Dividends from other fixed asset investments - listed | 30,334 | - | |
184,427 | 12,541 | ||
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% |
|
|
|
Prior period adjustment |
( |
|
|||
|
|
||||
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 | 2,325,377 | 5,346,606 | |||
Tax on profit at 25% (UK standard rate) |
|
|
|||
Goodwill/depreciation not allowed for tax |
|
|
|||
Expenses not deductible for tax purposes |
|
|
|||
Capital allowances |
( |
( |
|||
Short term timing differences |
( |
|
|||
Research and Development tax credit |
( |
( |
|||
Prior period adjustment |
( |
|
|||
Difference in tax rates |
|
|
|||
Deferred tax from unrecognised tax loss or credit |
|
|
|||
Total tax charge for the period | 500,695 | 1,020,515 | |||
Land & Property | |||||
---|---|---|---|---|---|
Freehold | Leasehold | Plant & Machinery | Motor Vehicles | Total | |
£ | £ | £ | £ | £ | |
Cost | |||||
As at 1 May 2023 |
|
|
|
|
|
Additions |
|
|
|
|
|
As at 30 April 2024 |
|
|
|
|
|
Depreciation | |||||
As at 1 May 2023 |
|
|
|
|
|
Provided during the period |
|
|
|
|
|
As at 30 April 2024 |
|
|
|
|
|
Net Book Value | |||||
As at 30 April 2024 |
|
|
|
|
|
As at 1 May 2023 |
|
|
|
|
|
2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
Plant & Machinery | - |
|
|
Land & Property | |||
---|---|---|---|
Freehold | Leasehold | Total | |
£ | £ | £ | |
Cost | |||
As at 1 May 2023 |
|
|
|
As at 30 April 2024 |
|
|
|
Depreciation | |||
As at 1 May 2023 |
|
|
|
Provided during the period |
|
|
|
As at 30 April 2024 |
|
|
|
Net Book Value | |||
As at 30 April 2024 |
|
|
|
As at 1 May 2023 |
|
|
|
Other | |
---|---|
£ | |
Cost | |
As at 1 May 2023 |
|
Additions |
|
As at 30 April 2024 |
|
Provision | |
As at 1 May 2023 |
|
As at 30 April 2024 |
|
Net Book Value | |
As at 30 April 2024 |
|
As at 1 May 2023 |
|
Subsidiaries | Other | Total | |
---|---|---|---|
£ | £ | £ | |
Cost | |||
As at 1 May 2023 |
|
|
|
Additions |
|
|
|
As at 30 April 2024 |
|
|
|
Provision | |||
As at 1 May 2023 |
|
|
- |
As at 30 April 2024 |
|
|
- |
Net Book Value | |||
As at 30 April 2024 |
|
|
|
As at 1 May 2023 |
|
|
|
2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
Stock |
|
|
|
Group | Company | ||||||
---|---|---|---|---|---|---|---|
2024 | 2023 | 2024 | 2023 | ||||
£ | £ | £ | £ | ||||
Due within one year | |||||||
Trade debtors |
|
|
|
|
|||
Prepayments and accrued income |
|
|
|
|
|||
VAT |
|
|
- | - | |||
Amounts owed by group undertakings | - | - | - |
|
|||
Amounts owed by associated companies |
|
|
|
|
|||
|
|
|
|
||||
Group | Company | ||||||
---|---|---|---|---|---|---|---|
2024 | 2023 | 2024 | 2023 | ||||
£ | £ | £ | £ | ||||
Unlisted investments | 1,944,305 | - | 1,944,305 | - | |||
Group | Company | ||||||
---|---|---|---|---|---|---|---|
2024 | 2023 | 2024 | 2023 | ||||
£ | £ | £ | £ | ||||
Net obligations under finance lease and hire purchase contracts | - |
|
|
|
|||
Trade creditors |
|
|
|
|
|||
Amounts owed to group undertakings | - | - |
|
|
|||
Amounts owed to participating interests | - |
|
|
|
|||
Other creditors | 61,057 | 491,892 | - | 450,000 | |||
Corporation tax |
|
|
|
|
|||
Taxation and social security | 19,367 | 16,675 | - | - | |||
Accruals and deferred income |
|
|
|
|
|||
|
|
|
|
||||
Group | ||||
---|---|---|---|---|
2024 | 2023 | |||
£ | £ | |||
Net obligations under finance lease and hire purchase contracts | - | 13,440 |
Group | ||||
---|---|---|---|---|
2024 | 2023 | |||
£ | £ | |||
The future minimum finance lease payments are as follows: | ||||
Not later than one year | - |
|
||
2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
Other timing differences | 192,349 | 136,429 | |
Group | ||
---|---|---|
Deferred Tax | Total | |
£ | £ | |
As at 1 May 2023 |
|
136,429 |
Additions |
|
55,920 |
Balance at 30 April 2024 |
|
192,349 |
2024
|
2023
|
||
£
|
£
|
||
Accelerated capital allowances
|
192,523
|
136,734
|
|
Short term timing differences
|
(174)
|
(305)
|
|
|
|
||
Total
|
192,349
|
136,429
|
2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
Not later than one year |
|
|
|
Later than one year and not later than five years |
|
|
|
|
|
||
2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
On equity shares: | |||
Interim dividend paid |
|
|
|