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Financial Statements |
Contents |
Page |
Officers and professional advisers |
1 |
Strategic report |
2 |
Directors' report |
4 |
Independent auditor's report to the members |
6 |
Statement of income and retained earnings |
9 |
Statement of financial position |
10 |
Statement of cash flows |
11 |
Notes to the financial statements |
12 |
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Officers and Professional Advisers |
The board of directors |
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Company secretary |
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Registered office |
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Auditor |
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Statutory Auditors |
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194 Honeypot Lane |
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Stanmore, Middlesex |
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HA7 1EE |
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Bankers |
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9 Rose Lane |
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Canterbury |
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London |
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Kent |
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CT1 JP |
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One Southampton Row |
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London |
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WC1B 5HA |
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Strategic Report |
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Director |
Registered office: |
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Directors' Report |
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Director |
Registered office: |
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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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Statutory Auditors |
194 Honeypot Lane |
Stanmore, Middlesex |
HA7 1EE |
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Statement of Income and Retained Earnings |
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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Distribution costs |
– |
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Administrative expenses |
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Other operating income |
5 |
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------------ |
------------ |
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Operating profit |
6 |
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Other interest receivable and similar income |
10 |
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– |
Interest payable and similar expenses |
11 |
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Profit before taxation |
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Tax on profit |
12 |
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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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Dividends paid and payable |
13 |
(
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(
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Retained earnings at the start of the year |
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Retained earnings at the end of the year |
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Statement of Financial Position |
2024 |
2023 |
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Note |
£ |
£ |
Intangible assets |
14 |
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Tangible assets |
15 |
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--------- |
--------- |
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Stocks |
16 |
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Debtors |
17 |
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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 |
19 |
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Net current assets |
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------------ |
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Total assets less current liabilities |
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Creditors: amounts falling due after more than one year |
20 |
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Provisions |
22 |
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------------ |
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Net assets |
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------------ |
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Called up share capital |
25 |
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Profit and loss account |
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------------ |
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Shareholders funds |
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------------ |
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Director |
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Statement of Cash Flows |
2024 |
2023 |
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Note |
£ |
£ |
Profit for the financial year |
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Adjustments for: |
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Depreciation of tangible assets |
154,421 |
182,437 |
Amortisation of intangible assets |
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Other interest receivable and similar income |
(
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– |
Interest payable and similar expenses |
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Loss on disposal of tangible assets |
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Tax on profit |
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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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Trade and other creditors |
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--------- |
--------- |
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Cash generated from operations |
(
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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 (used in)/from operating activities |
(
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--------- |
--------- |
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Purchase of tangible assets |
(
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(
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Proceeds from sale of tangible assets |
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(
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--------- |
--------- |
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Net cash from/(used in) investing activities |
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(
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--------- |
--------- |
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Proceeds from borrowings |
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Payments of finance lease liabilities |
(
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Dividends paid |
(
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(
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--------- |
--------- |
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Net cash (used in)/from financing activities |
(
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--------- |
--------- |
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Net decrease in cash and cash equivalents |
(
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(
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Cash and cash equivalents at beginning of year |
(245,684) |
(224,340) |
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--------- |
--------- |
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Cash and cash equivalents at end of year |
18 |
(
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(
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--------- |
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Notes to the Financial Statements |
Goodwill |
- |
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Plant and machinery |
- |
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Motor vehicles |
- |
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2024 |
2023 |
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£ |
£ |
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Sale of goods |
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------------- |
------------- |
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2024 |
2023 |
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£ |
£ |
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Management charges receivable |
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Other operating income |
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– |
-------- |
-------- |
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-------- |
-------- |
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2024 |
2023 |
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£ |
£ |
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Depreciation of tangible assets |
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Administrative expenses |
13,496 |
13,496 |
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Loss on disposal of tangible assets |
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Impairment of trade debtors |
3,622 |
205,370 |
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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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Production 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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Remuneration |
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Excess retirement benefits of directors and past directors |
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-------- |
-------- |
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-------- |
-------- |
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2024 |
2023 |
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£ |
£ |
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Interest on bank deposits |
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– |
-------- |
---- |
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2024 |
2023 |
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£ |
£ |
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Interest on banks loans and overdrafts |
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Interest on obligations under finance leases and hire purchase contracts |
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--------- |
-------- |
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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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Tax on profit |
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-------- |
--------- |
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2024 |
2023 |
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£ |
£ |
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Profit on ordinary activities before taxation |
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--------- |
--------- |
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Profit on ordinary activities by rate of tax |
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--------- |
--------- |
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2024 |
2023 |
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£ |
£ |
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Dividends paid during the year (excluding those for which a liability existed at the end of the prior year ) |
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-------- |
-------- |
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Goodwill |
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£ |
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Cost |
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At 1 April 2023 and 31 March 2024 |
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--------- |
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Amortisation |
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At 1 April 2023 |
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Charge for the year |
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--------- |
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At 31 March 2024 |
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--------- |
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Carrying amount |
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At 31 March 2024 |
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--------- |
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At 31 March 2023 |
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Plant and machinery |
Motor vehicles |
Total |
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£ |
£ |
£ |
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Cost |
|||
At 1 April 2023 |
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Additions |
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– |
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Disposals |
– |
(
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(
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--------- |
------------ |
------------ |
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At 31 March 2024 |
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--------- |
------------ |
------------ |
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Depreciation |
|||
At 1 April 2023 |
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Charge for the year |
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Disposals |
– |
(
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(
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--------- |
------------ |
------------ |
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At 31 March 2024 |
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--------- |
------------ |
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Carrying amount |
|||
At 31 March 2024 |
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--------- |
------------ |
------------ |
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At 31 March 2023 |
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--------- |
------------ |
------------ |
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2024 |
2023 |
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£ |
£ |
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Finished goods |
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------------ |
------------ |
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2024 |
2023 |
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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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------------ |
------------ |
|
2024 |
2023 |
|
£ |
£ |
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Other debtors |
|
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------------ |
------------ |
|
2024 |
2023 |
|
£ |
£ |
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Cash at bank and in hand |
|
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Bank overdrafts |
(
|
(
|
--------- |
--------- |
|
(
|
(
|
|
--------- |
--------- |
|
2024 |
2023 |
|
£ |
£ |
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Bank loans and overdrafts |
|
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Trade creditors |
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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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Obligations under finance leases and hire purchase contracts |
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Director loan accounts |
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Other creditors |
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------------ |
------------ |
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------------ |
------------ |
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2024 |
2023 |
|
£ |
£ |
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Obligations under finance leases and hire purchase contracts |
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Other creditors |
– |
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--------- |
--------- |
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--------- |
--------- |
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2024 |
2023 |
|
£ |
£ |
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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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--------- |
--------- |
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--------- |
--------- |
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Deferred tax (note 23) |
|
£ |
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At 1 April 2023 |
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Additions |
(
|
--------- |
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At 31 March 2024 |
|
--------- |
|
2024 |
2023 |
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£ |
£ |
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Included in provisions (note 22) |
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--------- |
--------- |
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2024 |
2023 |
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£ |
£ |
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Accelerated capital allowances |
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--------- |
--------- |
|
2024 |
2023 |
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No. |
£ |
No. |
£ |
|
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10,000 |
|
10,000 |
-------- |
-------- |
-------- |
-------- |
|
At 1 Apr 2023 |
Cash flows |
At 31 Mar 2024 |
|
£ |
£ |
£ |
|
Cash at bank and in hand |
|
(362,665) |
|
Bank overdrafts |
(647,586) |
(135,302) |
(782,888) |
Debt due within one year |
(584,881) |
(78,037) |
(662,918) |
Debt due after one year |
(485,667) |
145,934 |
(339,733) |
------------ |
--------- |
------------ |
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(
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(
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(
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------------ |
--------- |
------------ |
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