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FINANCIAL STATEMENTS |
Contents |
Pages |
Strategic report |
1 |
Director's report |
2 to 3 |
Independent auditor's report to the members |
4 to 7 |
Statement of comprehensive income |
8 |
Statement of financial position |
9 |
Statement of cash flows |
10 |
Notes to the financial statements |
11 to 17 |
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STRATEGIC REPORT |
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DIRECTOR'S REPORT |
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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 Certified Accountants & Statutory Auditor |
Numeric House |
98 Station Road |
Sidcup |
Kent |
DA15 7BY |
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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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Gross profit |
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Administrative expenses |
|
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--------- |
--------- |
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Operating profit |
5 |
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Interest receivable |
8 |
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– |
Interest payable |
9 |
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--------- |
--------- |
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Profit before taxation |
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Taxation on ordinary activities |
10 |
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-------- |
--------- |
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Profit for the financial year and total comprehensive income |
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-------- |
--------- |
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STATEMENT OF FINANCIAL POSITION |
2024 |
2023 |
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Note |
£ |
£ |
£ |
Tangible assets |
11 |
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Stocks |
12 |
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Debtors |
13 |
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Cash at bank and in hand |
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--------- |
--------- |
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Creditors: amounts falling due within one year |
14 |
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--------- |
--------- |
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Net current assets |
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--------- |
--------- |
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Total assets less current liabilities |
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Taxation including deferred tax |
15 |
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--------- |
--------- |
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Net assets |
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--------- |
--------- |
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Called up share capital |
18 |
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Profit and loss account |
19 |
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--------- |
--------- |
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Shareholders funds |
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--------- |
--------- |
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STATEMENT OF CASH FLOWS |
2024 |
2023 |
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£ |
£ |
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Profit for the financial year |
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Adjustments for: |
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Depreciation of tangible assets |
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Interest receivable |
(
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– |
Interest payable |
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Gains on disposal of tangible assets |
– |
(
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Taxation on ordinary activities |
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Accrued (income)/expenses |
(
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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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(
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Interest paid |
(
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(
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Interest received |
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– |
Tax paid |
(
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(
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-------- |
-------- |
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Net cash from/(used in) operating activities |
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(
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-------- |
-------- |
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Purchase of tangible assets |
– |
(
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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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Proceeds from loans from group undertakings |
(
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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 increase/(decrease) in cash and cash equivalents |
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(
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Cash and cash equivalents at beginning of year |
49,420 |
243,466 |
-------- |
--------- |
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Cash and cash equivalents at end of year |
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-------- |
--------- |
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NOTES TO THE FINANCIAL STATEMENTS |
Workshop Fixtures and Fittings |
- |
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Office Fixtures and Fittings |
- |
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Production Equipment |
- |
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Motor Vehicles |
- |
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Office Equipment |
- |
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2024 |
2023 |
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£ |
£ |
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Depreciation of tangible assets |
|
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Gains on disposal of tangible assets |
– |
(
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-------- |
-------- |
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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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Administrative staff |
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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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Other interest payable and similar charges |
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------- |
------- |
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2024 |
2023 |
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£ |
£ |
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UK current tax expense |
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Origination and reversal of timing differences |
(
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------- |
-------- |
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Taxation on ordinary activities |
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------- |
-------- |
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Workshop fixtures and fittings |
Plant and machinery |
Motor vehicles |
Equipment |
Total |
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£ |
£ |
£ |
£ |
£ |
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Cost |
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At 1 May 2023 and 30 April 2024 |
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-------- |
--------- |
-------- |
-------- |
--------- |
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Depreciation |
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At 1 May 2023 |
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Charge for the year |
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– |
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-------- |
--------- |
-------- |
-------- |
--------- |
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At 30 April 2024 |
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-------- |
--------- |
-------- |
-------- |
--------- |
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Carrying amount |
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At 30 April 2024 |
– |
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– |
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-------- |
--------- |
-------- |
-------- |
--------- |
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At 30 April 2023 |
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– |
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-------- |
--------- |
-------- |
-------- |
--------- |
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2024 |
2023 |
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£ |
£ |
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Raw materials |
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-------- |
-------- |
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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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--------- |
--------- |
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--------- |
--------- |
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2024 |
2023 |
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£ |
£ |
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Payments received on account |
– |
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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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Corporation tax |
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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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Deferred tax (note 16) |
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£ |
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At 1 May 2023 |
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Charge against provision |
(
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-------- |
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At 30 April 2024 |
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-------- |
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2024 |
2023 |
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£ |
£ |
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Included in provisions (note 15) |
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------- |
-------- |
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2024 |
2023 |
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No. |
£ |
No. |
£ |
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500 |
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500 |
---- |
---- |
---- |
---- |
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At 1 May 2023 |
Cash flows |
At 30 Apr 2024 |
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£ |
£ |
£ |
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Cash at bank and in hand |
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18,890 |
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Debt due within one year |
(39,560) |
39,560 |
– |
-------- |
-------- |
-------- |
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-------- |
-------- |
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