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Financial Statements |
Contents |
Pages |
Officers and professional advisers |
1 |
Strategic report |
2 |
Directors' report |
3 to 4 |
Independent auditor's report to the members |
5 to 8 |
Consolidated statement of comprehensive income |
9 |
Consolidated statement of financial position |
10 |
Company statement of financial position |
11 |
Consolidated statement of changes in equity |
12 |
Company statement of changes in equity |
13 |
Consolidated statement of cash flows |
14 |
Notes to the financial statements |
15 to 26 |
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Officers and Professional Advisers |
The board of directors |
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Registered office |
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Auditor |
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Chartered accountants & statutory auditor |
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2 Westbrook Court |
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Sharrow Vale Road |
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Sheffield |
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S11 8YZ |
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Strategic Report |
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Director |
Registered office: |
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Directors' Report |
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Mr N Burgin
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Director |
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 |
2 Westbrook Court |
Sharrow Vale Road |
Sheffield |
S11 8YZ |
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Consolidated Statement of Comprehensive Income |
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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------------ |
------------ |
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Gross profit |
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Administrative expenses |
(
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(
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Other operating income |
5 |
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– |
------------ |
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Operating loss |
6 |
(
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(
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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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(
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------------ |
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Loss before taxation |
(
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(
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Tax on loss |
– |
– |
------------ |
--------- |
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Loss for the financial year |
(
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(
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------------ |
--------- |
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Revaluation of tangible assets |
(
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– |
------------ |
--------- |
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Total comprehensive income for the year |
(
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(
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--------- |
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Consolidated Statement of Financial Position |
2024 |
2023 |
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Note |
£ |
£ |
Intangible assets |
11 |
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Tangible assets |
12 |
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------------ |
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Stocks |
14 |
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Debtors |
15 |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
17 |
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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 |
18 |
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Net liabilities |
(
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(
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Called up share capital |
22 |
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Revaluation reserve |
23 |
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Profit and loss account |
23 |
(
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(
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Shareholders deficit |
(
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(
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Director |
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Company Statement of Financial Position |
2024 |
2023 |
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Note |
£ |
£ |
Investments |
13 |
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Debtors |
15 |
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Cash at bank and in hand |
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Net current assets |
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Total assets less current liabilities |
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Creditors: amounts falling due after more than one year |
18 |
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Net assets |
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Called up share capital |
22 |
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---- |
---- |
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Shareholders funds |
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---- |
---- |
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Director |
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Consolidated Statement of Changes in Equity |
Called up share capital |
Revaluation reserve |
Profit and loss account |
Total |
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Note |
£ |
£ |
£ |
£ |
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At 1 April 2022 |
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(
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(
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Loss for the year |
(
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(
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---- |
------------ |
------------ |
--------- |
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Total comprehensive income for the year |
– |
– |
(
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(
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At 31 March 2023 |
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(
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(
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Loss for the year |
(
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(
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Other comprehensive income for the year: |
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Revaluation of tangible assets |
12 |
– |
(
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– |
(
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---- |
------------ |
------------ |
------------ |
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Total comprehensive income for the year |
– |
(
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(
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(
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---- |
------------ |
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------------ |
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At 31 March 2024 |
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(
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(
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---- |
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Company Statement of Changes in Equity |
Called up share capital |
Profit and loss account |
Total |
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£ |
£ |
£ |
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At 1 April 2022 |
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– |
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Profit for the year |
– |
– |
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At 31 March 2023 |
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– |
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Profit for the year |
– |
– |
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---- |
---- |
---- |
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At 31 March 2024 |
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– |
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---- |
---- |
---- |
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Consolidated Statement of Cash Flows |
2024 |
2023 |
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Note |
£ |
£ |
Loss for the financial year |
(
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(
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Adjustments for: |
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Depreciation of tangible assets |
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Amortisation of intangible 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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– |
Accrued income |
(
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(
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Changes in: |
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Stocks |
(
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(
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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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--------- |
--------- |
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Net cash from operating activities |
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--------- |
--------- |
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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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--------- |
--------- |
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Net cash used in investing activities |
(
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(
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--------- |
--------- |
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Proceeds from borrowings |
(
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(
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Payments of finance lease liabilities |
(
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(
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Payments of hire purchase liabilities |
(
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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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--------- |
--------- |
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Net decrease in cash and cash equivalents |
(
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(
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Cash and cash equivalents at beginning of year |
561,931 |
590,524 |
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Cash and cash equivalents at end of year |
16 |
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Notes to the Financial Statements |
Goodwill |
- |
10% straight line
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Freehold property |
- |
No depreciation
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Fixtures and fittings |
- |
3 to 10 years straight line
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2024 |
2023 |
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£ |
£ |
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Sale of goods |
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------------ |
------------ |
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2024 |
2023 |
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£ |
£ |
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Management charges receivable |
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– |
--------- |
---- |
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2024 |
2023 |
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£ |
£ |
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Amortisation of intangible assets |
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Depreciation of tangible assets |
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Gains on disposal of tangible assets |
(
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– |
Impairment of trade debtors |
5,614 |
5,344 |
--------- |
--------- |
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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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2024 |
2023 |
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No. |
No. |
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Management staff |
14 |
14 |
Administration and support |
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---- |
---- |
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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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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 banks loans and overdrafts |
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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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Group |
Goodwill |
£ |
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Cost |
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At 1 April 2023 and 31 March 2024 |
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------------ |
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Amortisation |
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At 1 April 2023 |
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Charge for the year |
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------------ |
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At 31 March 2024 |
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------------ |
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Carrying amount |
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At 31 March 2024 |
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------------ |
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At 31 March 2023 |
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Group |
Freehold property |
Long leasehold property |
Fixtures and fittings |
Total |
£ |
£ |
£ |
£ |
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Cost |
||||
At 1 April 2023 |
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Additions |
– |
– |
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Disposals |
– |
– |
(
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(
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Revaluations |
– |
(
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– |
(
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------------ |
------------ |
--------- |
------------ |
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At 31 March 2024 |
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------------ |
------------ |
--------- |
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Depreciation |
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At 1 April 2023 |
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– |
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Charge for the year |
– |
– |
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Disposals |
– |
– |
(
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(
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------------ |
------------ |
--------- |
------------ |
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At 31 March 2024 |
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– |
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------------ |
------------ |
--------- |
------------ |
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Carrying amount |
||||
At 31 March 2024 |
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------------ |
------------ |
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------------ |
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At 31 March 2023 |
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Group |
Long leasehold property |
Fixtures and fittings |
Total |
£ |
£ |
£ |
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At 31 March 2024 |
4,200,000 |
– |
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At 31 March 2023 |
5,100,000 |
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------- |
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Company |
Shares in group undertakings |
£ |
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Cost |
|
At 1 April 2023 and 31 March 2024 |
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---- |
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Impairment |
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At 1 April 2023 and 31 March 2024 |
– |
---- |
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Carrying amount |
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At 1 April 2023 and 31 March 2024 |
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---- |
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At 31 March 2023 |
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---- |
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Class of share |
Percentage of shares held |
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Subsidiary undertakings |
||
|
ordinary |
100 |
|
ordinary |
100 |
|
ordinary |
100 |
Group |
Company |
|||
2024 |
2023 |
2024 |
2023 |
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£ |
£ |
£ |
£ |
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Raw materials and consumables |
|
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– |
– |
-------- |
-------- |
---- |
---- |
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Group |
Company |
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2024 |
2023 |
2024 |
2023 |
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£ |
£ |
£ |
£ |
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Trade debtors |
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– |
– |
Amounts owed by group undertakings |
– |
– |
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Prepayments and accrued income |
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– |
– |
Other debtors |
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– |
– |
--------- |
--------- |
--------- |
--------- |
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--------- |
--------- |
--------- |
--------- |
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2024 |
2023 |
|
£ |
£ |
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Cash at bank and in hand |
|
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Bank overdrafts |
(
|
– |
--------- |
--------- |
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--------- |
--------- |
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Group |
Company |
|||
2024 |
2023 |
2024 |
2023 |
|
£ |
£ |
£ |
£ |
|
Bank loans and overdrafts |
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|
– |
– |
Trade creditors |
|
|
– |
– |
Accruals and deferred income |
|
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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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------------ |
------------ |
---- |
---- |
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Group |
Company |
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2024 |
2023 |
2024 |
2023 |
|
£ |
£ |
£ |
£ |
|
Debenture loans |
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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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Group |
Company |
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2024 |
2023 |
2024 |
2023 |
|
£ |
£ |
£ |
£ |
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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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– |
– |
Later than 5 years |
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– |
– |
------------ |
------------ |
---- |
---- |
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– |
– |
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------------ |
------------ |
---- |
---- |
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2024 |
2023 |
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No. |
£ |
No. |
£ |
|
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|
100 |
|
100 |
---- |
---- |
---- |
---- |
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At 1 Apr 2023 |
Cash flows |
At 31 Mar 2024 |
|
£ |
£ |
£ |
|
Cash at bank and in hand |
|
23,608 |
|
Bank overdrafts |
– |
(89,057) |
(89,057) |
Debt due within one year |
(2,059,385) |
114,052 |
(1,945,333) |
Debt due after one year |
(3,849,293) |
20,000 |
(3,829,293) |
------------ |
--------- |
------------ |
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(
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(
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------------ |
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Notes to the Financial Statements (continued) |