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For the year ended |
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Financial Statements |
Contents |
Page |
Officers and professional advisers |
1 |
Strategic report |
2 |
Director's report |
4 |
Independent auditor's report to the members |
6 |
Statement of income and retained earnings |
10 |
Statement of financial position |
11 |
Notes to the financial statements |
13 |
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Officers and Professional Advisers |
Director |
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Registered office |
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England |
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Auditor |
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Chartered accountants & statutory auditor |
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Building 15, Gateway 1000 |
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Arlington Business Park |
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Stevenage |
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Hertfordshire |
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SG1 2FP |
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Strategic Report |
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Director |
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Registered office: |
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England |
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Director's Report |
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Director |
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Registered office: |
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England |
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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 |
Building 15, Gateway 1000 |
Arlington Business Park |
Stevenage |
Hertfordshire |
SG1 2FP |
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Statement of Income and Retained Earnings |
2023 |
2022 |
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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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Gross profit |
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Distribution costs |
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Administrative expenses |
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------------ |
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Operating profit/(loss) |
5 |
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(
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Interest payable and similar expenses |
9 |
– |
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------------ |
------------ |
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Profit/(loss) before taxation |
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(
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Tax on profit/(loss) |
10 |
(
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– |
--------- |
------------ |
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Profit/(loss) for the financial year and total comprehensive income |
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(
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--------- |
------------ |
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Retained losses at the start of the year |
(
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(
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------------ |
------------ |
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Retained losses at the end of the year |
(
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(
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------------ |
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Statement of Financial Position |
2023 |
2022 |
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Note |
£ |
£ |
£ |
Intangible assets |
11 |
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– |
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Tangible assets |
12 |
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--------- |
-------- |
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Stocks |
13 |
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Debtors |
14 |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
15 |
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------------- |
------------- |
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Net current liabilities |
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------------ |
------------ |
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Total assets less current liabilities |
(
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(
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------------ |
------------ |
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Net liabilities |
(
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(
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Statement of Financial Position (continued) |
2023 |
2022 |
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Note |
£ |
£ |
£ |
Called up share capital |
17 |
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Profit and loss account |
18 |
(
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(
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------------ |
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Shareholders deficit |
(
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(
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Director |
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Notes to the Financial Statements |
Computer software |
- |
33
% straight line |
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Short leasehold property |
- |
Over the remaining life of the lease
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Equipment |
- |
20
% straight line |
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2023 |
2022 |
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£ |
£ |
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Sale of goods |
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------------- |
------------- |
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2023 |
2022 |
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£ |
£ |
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Amortisation of intangible assets |
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– |
Depreciation of tangible assets |
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Impairment of trade debtors |
3,121 |
– |
Foreign exchange differences |
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Operating lease charges |
798,944 |
676,381
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--------- |
--------- |
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2023 |
2022 |
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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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2023 |
2022 |
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No. |
No. |
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Administrative staff |
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Management staff |
2 |
2 |
---- |
---- |
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---- |
---- |
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2023 |
2022 |
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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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2023 |
2022 |
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£ |
£ |
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Remuneration |
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-------- |
-------- |
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2023 |
2022 |
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£ |
£ |
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Interest on banks loans and overdrafts |
– |
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---- |
------- |
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2023 |
2022 |
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£ |
£ |
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UK current tax income |
(
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– |
-------- |
---- |
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Tax on profit/(loss) |
(
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– |
-------- |
---- |
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2023 |
2022 |
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£ |
£ |
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Profit/(loss) on ordinary activities before taxation |
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(
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--------- |
------------ |
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Profit/(loss) on ordinary activities by rate of tax |
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(
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Utilisation of tax losses |
(
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– |
Unused tax losses |
– |
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R&D Tax credit |
(13,554)
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– |
--------- |
------------ |
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Tax on profit/(loss) |
(
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– |
--------- |
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Computer software |
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£ |
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Cost |
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Additions |
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---- |
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At 31 December 2023 |
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---- |
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Amortisation |
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Charge for the year |
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---- |
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At 31 December 2023 |
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---- |
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Carrying amount |
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At 31 December 2023 |
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---- |
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At 31 December 2022 |
– |
---- |
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Short leasehold property |
Equipment |
Total |
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£ |
£ |
£ |
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Cost |
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At 1 January 2023 |
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17,597
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Additions |
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141,564
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At 31 December 2023 |
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159,161
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Depreciation |
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At 1 January 2023 |
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3,121
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Charge for the year |
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2,691
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At 31 December 2023 |
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5,812
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Carrying amount |
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At 31 December 2023 |
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153,349
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At 31 December 2022 |
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14,476
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2023 |
2022 |
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£ |
£ |
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Contracted for but not provided for in the financial statements |
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– |
-------- |
---- |
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2023 |
2022 |
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£ |
£ |
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Finished goods and goods for resale |
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------------ |
------------ |
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2023 |
2022 |
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£ |
£ |
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Trade debtors |
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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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2023 |
2022 |
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£ |
£ |
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Trade creditors |
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Amounts owed to group undertakings |
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Accruals and deferred income |
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Social security and other taxes |
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– |
Other creditors |
– |
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------------- |
------------- |
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------------- |
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2023 |
2022 |
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No. |
£ |
No. |
£ |
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2 |
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2 |
---- |
---- |
---- |
---- |
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2023 |
2022 |
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No. |
£ |
No. |
£ |
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– |
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– |
---- |
---- |
---- |
---- |
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2023 |
2022 |
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£ |
£ |
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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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