Company Secretary
|
13 December 2024
|
|
|
Company Secretary
|
|
for and on behalf of
|
|
Suite I, Windrush Court
Abingdon Business Park
Abingdon
Oxfordshire
OX14 1SY
|
2024 | 2023 | |||
---|---|---|---|---|
Notes | £ | £ | ||
TURNOVER | 3 |
|
|
|
Cost of sales |
( |
( |
||
GROSS PROFIT |
|
|
||
Administrative expenses |
( |
( |
||
OPERATING PROFIT | 4 |
|
|
|
Profit on disposal of fixed assets |
|
|
||
Other interest receivable and similar income | 9 |
|
|
|
Interest payable and similar charges | 10 |
( |
( |
|
PROFIT BEFORE TAXATION |
|
|
||
Tax on Profit | 11 |
( |
( |
|
PROFIT AFTER TAXATION BEING PROFIT FOR THE FINANCIAL YEAR |
|
|
||
2024 | 2023 | ||||
---|---|---|---|---|---|
Notes | £ | £ | £ | £ | |
FIXED ASSETS | |||||
Tangible Assets | 12 |
|
|
||
Investments | 13 |
|
|
||
|
|
||||
CURRENT ASSETS | |||||
Stocks | 14 |
|
|
||
Debtors | 15 |
|
|
||
Cash at bank and in hand |
|
|
|||
|
|
||||
Creditors: Amounts Falling Due Within One Year | 16 |
( |
( |
||
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 |
|
|
||
Profit and Loss Account |
|
|
|||
SHAREHOLDERS' FUNDS | 10,535,009 | 9,680,143 | |||
Director
|
|
Share Capital | Profit and Loss Account | Total | |
---|---|---|---|
£ | £ | £ | |
As at 1 July 2022 |
|
|
13,019,057 |
Profit for the year and total comprehensive income | - |
|
2,407,499 |
Dividends paid | - | (5,746,413) | (5,746,413) |
As at 30 June 2023 and 1 July 2023 |
|
|
9,680,143 |
Profit for the year and total comprehensive income | - |
|
854,866 |
As at 30 June 2024 |
|
|
10,535,009 |
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 |
( |
( |
||
Proceeds from disposal of tangible assets |
|
|
||
Purchase of other fixed asset investments |
( |
|
||
Interest received |
|
|
||
Net cash generated from investing activities |
|
|
||
Cash flows from financing activities | ||||
Equity dividends paid |
|
( |
||
Increase/(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 |
( |
( |
|
Depreciation of tangible assets |
|
|
|
Profit on disposal of tangible assets | (4,461) | - | |
Movements in working capital: | |||
Decrease/(increase) in stocks |
|
( |
|
Decrease/(increase) in trade and other debtors |
|
( |
|
Decrease in trade and other creditors |
( |
( |
|
Net cash generated from operations |
|
|
|
2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
Cash at bank and in hand |
|
|
|
As at 1 July 2023 | Cash flows | As at 30 June 2024 | |
---|---|---|---|
£ | £ | £ | |
Cash at bank and in hand |
|
2,166,962 |
|
Freehold |
|
Plant & Machinery |
|
Motor Vehicles |
|
Fixtures & Fittings |
|
Computer Equipment |
|
2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
United Kingdom |
|
|
|
Europe |
|
|
|
32,914,287 | 48,161,665 | ||
2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
Depreciation of tangible fixed assets |
|
|
|
2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
Audit Services | |||
Audit of the company's financial statements |
|
|
|
2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
Wages and salaries |
|
|
|
Social security costs |
|
|
|
Other pension costs |
|
|
|
|
|
||
2024 | 2023 | ||
---|---|---|---|
Office and administration |
|
|
|
Manufacturing |
|
|
|
Management |
|
|
|
|
|
||
2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
Emoluments |
|
|
|
Company contributions to money purchase pension schemes |
|
|
|
|
|
||
2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
Interest on short term deposits |
|
|
|
68,182 | 69,587 | ||
2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
Bank loans and overdrafts |
|
|
|
571 | 3,049 | ||
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% | 20.4% |
|
|
|
Prior period adjustment |
|
|
|||
|
|
||||
Deferred Tax | |||||
Origination and reversal of timing differences |
( |
|
|||
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 | 1,133,271 | 3,051,027 | |||
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 |
|
( |
|||
Prior period adjustment |
|
|
|||
Deferred tax from unrecognised tax loss or credit |
( |
|
|||
Total tax charge for the period | 278,405 | 643,528 | |||
Land & Property | |||||
---|---|---|---|---|---|
Freehold | Plant & Machinery | Motor Vehicles | Fixtures & Fittings | Total | |
£ | £ | £ | £ | £ | |
Cost | |||||
As at 1 July 2023 |
|
|
|
|
|
Additions |
|
|
|
|
|
Disposals |
|
|
( |
|
( |
As at 30 June 2024 |
|
|
|
|
|
Depreciation | |||||
As at 1 July 2023 |
|
|
|
|
|
Provided during the period |
|
|
|
|
|
Disposals |
|
|
( |
|
( |
As at 30 June 2024 |
|
|
|
|
|
Net Book Value | |||||
As at 30 June 2024 |
|
|
|
|
|
As at 1 July 2023 |
|
|
|
|
|
Listed | |
---|---|
£ | |
Cost | |
As at 1 July 2023 |
|
Additions |
|
As at 30 June 2024 |
|
Provision | |
As at 1 July 2023 |
|
As at 30 June 2024 |
|
Net Book Value | |
As at 30 June 2024 |
|
As at 1 July 2023 |
|
2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
Finished goods |
|
|
|
2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
Due within one year | |||
Trade debtors |
|
|
|
Prepayments and accrued income |
|
|
|
VAT | - |
|
|
Amounts owed by other participating interests | 2,762,941 | 2,619,384 | |
|
|
||
2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
Trade creditors |
|
|
|
Corporation tax |
|
|
|
Other taxes and social security |
|
|
|
VAT |
|
- | |
Net wages | 9,610 | 11,170 | |
Other creditors | - |
|
|
Accruals and deferred income |
|
|
|
Amounts owed to related parties |
|
|
|
|
|
||
2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
Other timing differences | 66,170 | 88,755 | |
Deferred Tax | Total | |
---|---|---|
£ | £ | |
As at 1 July 2023 |
|
88,755 |
Reversals |
( |
(22,585) |
Balance at 30 June 2024 |
|
66,170 |
2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
Not later than one year |
|
|
|
|
|
||
2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
On equity shares: | |||
Final dividend paid | - |
|
|
- | 5,746,413 | ||