Registered Number
(England and Wales)
Unaudited Financial Statements for the Year ended
31 July 2024
Directors | |
Company Secretary | Ian John Hughes |
Registered Address | |
Registered Number |
Notes | 2024 | 2023 | ||||||
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£ | £ | £ | £ | |||||
Fixed assets | ||||||||
Tangible assets | 5 | |||||||
Investment property | 6 | |||||||
Current assets | ||||||||
Stocks | ||||||||
Debtors | 7 | |||||||
Cash at bank and on hand | ||||||||
Creditors amounts falling due within one year | 8 | ( | ( | |||||
Net current assets (liabilities) | ||||||||
Total assets less current liabilities | ||||||||
Creditors amounts falling due after one year | 9 | ( | ||||||
Provisions for liabilities | 10 | ( | ( | |||||
Net assets | ||||||||
Capital and reserves | ||||||||
Called up share capital | ||||||||
Other reserves | ||||||||
Profit and loss account | ||||||||
Shareholders' funds | 11 |
The financial statements were approved and authorised for issue by the Board of Directors on 15 December 2024, and are signed on its behalf by: |
Director Registered Company No. 02485531 |
1. | Accounting policies |
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Statutory information | |
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Statement of compliance | |
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Basis of preparation | |
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Functional and presentation currency | |
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Turnover policy | |
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Revenue from sale of goods | |
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Defined contribution pension plan | |
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Current taxation | |
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Deferred tax | |
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Intangible assets | |
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Goodwill | |
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Tangible fixed assets and depreciation | |
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Reducing balance (%) | ||
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Plant and machinery | ||
Fixtures and fittings | ||
Office Equipment |
Investment property | |
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Stocks and work in progress | |
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2. | Average number of employees |
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2024 | 2023 | |||
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Average number of employees during the year |
3. | Deferred tax |
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Increases in the UK Corporation tax rate from 19% to 25% (19% effective from 1 April 2017, and 25% effective from 1 April 2023) have been substantively enacted. This will impact the company's future tax charge accordingly. The value of the deferred tax assets at the balance sheet date has been calculated using the applicable rate when the asset is expected to be realised. |
4. | Intangible assets |
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Goodwill | Total | |||
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£ | £ | |||
Cost or valuation | ||||
At 01 August 23 | ||||
At 31 July 24 | ||||
Amortisation and impairment | ||||
At 01 August 23 | ||||
At 31 July 24 | ||||
Net book value | ||||
At 31 July 24 | ||||
At 31 July 23 |
5. | Tangible fixed assets |
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Land & buildings | Plant & machinery | Fixtures & fittings | Office Equipment | Total | ||||||
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£ | £ | £ | £ | £ | ||||||
Cost or valuation | ||||||||||
At 01 August 23 | ||||||||||
Additions | ||||||||||
At 31 July 24 | ||||||||||
Depreciation and impairment | ||||||||||
At 01 August 23 | ||||||||||
Charge for year | ||||||||||
At 31 July 24 | ||||||||||
Net book value | ||||||||||
At 31 July 24 | ||||||||||
At 31 July 23 |
6. | Investment property |
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Investment property was revalued in 2020 to its fair value of £290,000. If investment property were included in the balance sheet on an historical cost basis, then the carrying amount would be £197,488 (2023: £197,488). Investment property was valued as at 28 February 2024 by Ian Hughes, on an open market basis. |
£ | ||
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Fair value at 01 August 23 | ||
At 31 July 24 |
7. | Debtors: amounts due within one year |
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2024 | 2023 | |||
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£ | £ | |||
Trade debtors / trade receivables | ||||
Other debtors | ||||
Prepayments and accrued income | ||||
Total |
8. | Creditors: amounts due within one year |
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2024 | 2023 | |||
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£ | £ | |||
Trade creditors / trade payables | ||||
Bank borrowings and overdrafts | ||||
Taxation and social security | ||||
Other creditors | ||||
Accrued liabilities and deferred income | ||||
Total |
9. | Creditors: amounts due after one year |
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2024 | 2023 | |||
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£ | £ | |||
Bank borrowings and overdrafts | ||||
Total |
10. | Provisions for liabilities |
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2024 | 2023 | |||
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£ | £ | |||
Net deferred tax liability (asset) | ||||
Total |
11. | Fair value reserve |
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£ | ||
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Fair value reserve at 01 August 23 | ||
At 31 July 24 |