Key KPI's
|
2024
|
2023
|
|
$
|
$
|
||
Revennue
|
28.188m
|
37.771m
|
|
Gross profit
|
3.307m
|
3.999m
|
|
Profit before taxation
|
1.951m
|
2.665m
|
Director
|
4th October 2024
|
|
|
Director
|
|
for and on behalf of
|
|
2 Station Road West
Oxted
Surrey
RH8 9EP
|
2024 | 2023 | |||
---|---|---|---|---|
Notes | $ | $ | ||
TURNOVER | 3 |
|
|
|
Cost of sales |
( |
( |
||
GROSS PROFIT |
|
|
||
Administrative expenses |
( |
( |
||
Other operating income |
|
|
||
OPERATING PROFIT | 5 |
|
|
|
Other interest receivable and similar income | 10 |
|
|
|
PROFIT BEFORE TAXATION |
|
|
||
Tax on Profit | 11 |
( |
( |
|
PROFIT AFTER TAXATION BEING PROFIT FOR THE FINANCIAL YEAR |
|
|
||
2024 | 2023 | |||
---|---|---|---|---|
$ | $ | |||
PROFIT FOR THE FINANCIAL YEAR |
|
|
||
OTHER COMPREHENSIVE INCOME FOR THE YEAR | - | - | ||
TOTAL COMPREHENSIVE INCOME FOR THE YEAR |
|
|
||
2024 | 2023 | ||||
---|---|---|---|---|---|
Notes | $ | $ | $ | $ | |
FIXED ASSETS | |||||
Tangible Assets | 12 |
|
|
||
|
|
||||
CURRENT ASSETS | |||||
Stocks | 13 |
|
|
||
Debtors | 14 |
|
|
||
Cash at bank and in hand |
|
|
|||
|
|
||||
Creditors: Amounts Falling Due Within One Year | 15 |
( |
( |
||
NET CURRENT ASSETS (LIABILITIES) |
|
|
|||
TOTAL ASSETS LESS CURRENT LIABILITIES |
|
|
|||
PROVISIONS FOR LIABILITIES | |||||
Deferred Taxation | 17 |
( |
( |
||
NET ASSETS |
|
|
|||
CAPITAL AND RESERVES | |||||
Called up share capital | 19 |
|
|
||
Income Statement |
|
|
|||
SHAREHOLDERS' FUNDS | 7,147,639 | 6,570,906 | |||
Director
|
|
Share Capital | Income Statement | Total | |
---|---|---|---|
$ | $ | $ | |
As at 1 April 2022 |
|
|
5,289,581 |
Profit for the year and total comprehensive income | - |
|
2,149,357 |
Dividends paid | - | (868,032) | (868,032) |
As at 31 March 2023 and 1 April 2023 |
|
|
6,570,906 |
Profit for the year and total comprehensive income | - |
|
1,467,350 |
Dividends paid | - | (890,617) | (890,617) |
As at 31 March 2024 |
|
|
7,147,639 |
2024 | 2023 | |||
---|---|---|---|---|
Notes | $ | $ | ||
Cash flows from operating activities | ||||
Net cash generated from operations | 1 |
|
|
|
Tax paid |
( |
( |
||
Net cash generated from operating activities |
|
|
||
Cash flows from investing activities | ||||
Purchase of tangible assets |
( |
|
||
Interest received |
|
|
||
Net cash generated from investing activities |
|
|
||
Cash flows from financing activities | ||||
Equity dividends paid |
( |
( |
||
(Decrease)/increase 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 income |
( |
( |
|
Depreciation of tangible assets |
|
|
|
Movements in working capital: | |||
Decrease in stocks |
|
|
|
(Increase)/decrease in trade and other debtors |
( |
|
|
(Decrease)/increase in trade and other creditors |
( |
|
|
Net cash generated from operations |
|
|
|
2024 | 2023 | ||
---|---|---|---|
$ | $ | ||
Cash at bank and in hand |
|
|
|
As at 1 April 2023 | Cash flows | As at 31 March 2024 | |
---|---|---|---|
$ | $ | $ | |
Cash at bank and in hand |
|
(307,033) |
|
Leasehold |
|
Fixtures & Fittings |
|
2024 | 2023 | ||
---|---|---|---|
$ | $ | ||
Rest of the world |
|
|
|
28,188,385 | 37,771,513 | ||
2024 | 2023 | ||
---|---|---|---|
$ | $ | ||
Rental income |
|
|
|
Other operating income |
|
|
|
51,688 | 60,224 | ||
2024 | 2023 | ||
---|---|---|---|
$ | $ | ||
Depreciation of tangible fixed assets |
|
|
|
2024 | 2023 | ||
---|---|---|---|
$ | $ | ||
Audit Services | |||
Audit of the company's financial statements |
|
|
|
Other Services | |||
Taxation compliance service |
|
|
|
2024 | 2023 | ||
---|---|---|---|
$ | $ | ||
Wages and salaries |
|
|
|
Social security costs |
|
|
|
Other pension costs |
|
|
|
|
|
||
2024 | 2023 | ||
---|---|---|---|
Office and administration |
|
|
|
Operations |
|
|
|
|
|
||
2024 | 2023 | ||
---|---|---|---|
$ | $ | ||
Emoluments |
|
|
|
Company contributions to money purchase pension schemes |
|
|
|
|
|
||
2024 | 2023 | ||
---|---|---|---|
Money purchase pension schemes |
|
|
|
2024 | 2023 | ||
---|---|---|---|
$ | $ | ||
Deposit account interest |
|
|
|
Other interest received |
|
|
|
210,942 | 36,506 | ||
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% |
|
|
|
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 | 1,951,931 | 2,665,567 | |||
Tax on profit at 25% (UK standard rate) |
|
|
|||
Goodwill/depreciation not allowed for tax |
|
|
|||
Expenses not deductible for tax purposes |
|
|
|||
Short term timing differences |
( |
( |
|||
Foreign tax rates |
|
|
|||
Total tax charge for the period | 484,581 | 516,210 | |||
Land & Property | |||
---|---|---|---|
Leasehold | Fixtures & Fittings | Total | |
$ | $ | $ | |
Cost | |||
As at 1 April 2023 |
|
|
|
Additions |
|
|
|
As at 31 March 2024 |
|
|
|
Depreciation | |||
As at 1 April 2023 |
|
|
|
Provided during the period |
|
|
|
As at 31 March 2024 |
|
|
|
Net Book Value | |||
As at 31 March 2024 |
|
|
|
As at 1 April 2023 |
|
|
|
2024 | 2023 | ||
---|---|---|---|
$ | $ | ||
Finished goods |
|
|
|
2024 | 2023 | ||
---|---|---|---|
$ | $ | ||
Due within one year | |||
Trade debtors |
|
|
|
Other debtors | 78,543 | 81,476 | |
|
|
||
2024 | 2023 | ||
---|---|---|---|
$ | $ | ||
Trade creditors |
|
|
|
Other creditors | 500,000 | 500,000 | |
Corporation tax |
|
|
|
Taxation and social security | 70,783 | 60,550 | |
Accruals and deferred income |
|
|
|
|
|
||
2024 | 2023 | ||
---|---|---|---|
$ | $ | ||
Other timing differences | 11,897 | 16,492 | |
Deferred Tax | Total | |
---|---|---|
$ | $ | |
As at 1 April 2023 |
|
16,492 |
Utilised |
( |
(4,595) |
Balance at 31 March 2024 |
|
11,897 |
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 |
|
|
|
2024
|
2023
|
||
$
|
$
|
||
Purchases
|
216,692
|
210,160
|
2024
|
2023
|
||
$
|
$
|
||
Management charges
|
30,000
|
30,000
|
|
Amount due to related party
|
500,000
|
500,000
|