Director
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16th January 2025
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Director
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for and on behalf of
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2024 | 2023 | |||
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Notes | £ | £ | ||
TURNOVER |
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Cost of sales |
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GROSS PROFIT |
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Administrative expenses |
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OPERATING PROFIT | 3 |
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Other interest receivable and similar income | 8 |
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Interest payable and similar charges | 9 |
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PROFIT BEFORE TAXATION |
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Tax on Profit | 10 |
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PROFIT AFTER TAXATION BEING PROFIT FOR THE FINANCIAL YEAR |
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2024 | 2023 | |||
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£ | £ | |||
PROFIT FOR THE FINANCIAL YEAR |
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OTHER COMPREHENSIVE INCOME FOR THE YEAR | - | - | ||
TOTAL COMPREHENSIVE INCOME FOR THE YEAR |
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2024 | 2023 | ||||
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Notes | £ | £ | £ | £ | |
FIXED ASSETS | |||||
Tangible Assets | 11 |
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CURRENT ASSETS | |||||
Stocks | 12 |
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Debtors | 13 |
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Cash at bank and in hand |
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Creditors: Amounts Falling Due Within One Year | 14 |
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NET CURRENT ASSETS (LIABILITIES) |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
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PROVISIONS FOR LIABILITIES | |||||
Deferred Taxation | 15 |
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NET ASSETS |
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CAPITAL AND RESERVES | |||||
Called up share capital | 17 |
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Profit and Loss Account |
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SHAREHOLDERS' FUNDS | 8,140,411 | 7,140,372 | |||
Director
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Share Capital | Profit and Loss Account | Total | |
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£ | £ | £ | |
As at 1 May 2022 |
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5,412,678 |
Profit for the year and total comprehensive income | - |
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1,727,694 |
As at 30 April 2023 and 1 May 2023 |
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7,140,372 |
Profit for the year and total comprehensive income | - |
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1,012,039 |
Dividends paid | - | (12,000) | (12,000) |
As at 30 April 2024 |
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8,140,411 |
2024 | 2023 | |||
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Notes | £ | £ | ||
Cash flows from operating activities | ||||
Net cash generated from operations | 1 |
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Interest paid |
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Tax paid |
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Net cash generated from operating activities |
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Cash flows from investing activities | ||||
Purchase of tangible assets |
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Interest received |
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Net cash used in investing activities |
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Cash flows from financing activities | ||||
Equity dividends paid |
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Increase in cash and cash equivalents |
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Cash and cash equivalents at beginning of year | 2 |
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Cash and cash equivalents at end of year | 2 |
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2024 | 2023 | ||
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£ | £ | ||
Profit for the financial year |
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Adjustments for: | |||
Tax on profit |
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Interest expense |
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Interest income |
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Depreciation of tangible assets |
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Movements in working capital: | |||
Increase in stocks |
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Decrease/(increase) in trade and other debtors |
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Increase in trade and other creditors |
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Net cash generated from operations |
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2024 | 2023 | ||
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£ | £ | ||
Cash at bank and in hand |
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As at 1 May 2023 | Cash flows | As at 30 April 2024 | |
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£ | £ | £ | |
Cash at bank and in hand |
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1,123,620 |
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Plant & Machinery |
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Motor Vehicles |
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Computer Equipment |
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2024 | 2023 | ||
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£ | £ | ||
Depreciation of tangible fixed assets |
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2024 | 2023 | ||
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£ | £ | ||
Audit Services | |||
Audit of the company's financial statements |
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Other Services | |||
Other non-audit services |
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2024 | 2023 | ||
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£ | £ | ||
Wages and salaries |
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Other pension costs |
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2024 | 2023 | ||
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Office and administration |
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2024 | 2023 | ||
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£ | £ | ||
Emoluments |
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2024 | 2023 | ||
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Money purchase pension schemes |
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2024 | 2023 | ||
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£ | £ | ||
Bank interest receivable |
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2024 | 2023 | ||
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£ | £ | ||
Other finance charges |
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The tax charge on the profit for the year was as follows:
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Tax Rate | 2024 | 2023 | |||
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2024 | 2023 | £ | £ | ||
Current tax | |||||
UK Corporation Tax | 25.0% | 19.0% |
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Deferred Tax | |||||
Deferred taxation |
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Total tax charge for the period |
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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:
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2024 | 2023 | ||||
£ | £ | ||||
Profit before tax | 1,349,385 | 2,155,147 | |||
Tax on profit at 25% (UK standard rate) |
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Goodwill/depreciation not allowed for tax |
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Capital allowances |
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Short term timing differences |
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Difference in tax rates |
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Total tax charge for the period | 337,346 | 427,453 | |||
Plant & Machinery | Motor Vehicles | Total | |
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£ | £ | £ | |
Cost | |||
As at 1 May 2023 |
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Additions |
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As at 30 April 2024 |
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Depreciation | |||
As at 1 May 2023 |
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Provided during the period |
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As at 30 April 2024 |
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Net Book Value | |||
As at 30 April 2024 |
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As at 1 May 2023 |
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2024 | 2023 | ||
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£ | £ | ||
Materials |
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2024 | 2023 | ||
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£ | £ | ||
Due within one year | |||
Trade debtors |
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Other debtors |
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Other taxes and social security |
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2024 | 2023 | ||
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£ | £ | ||
Trade creditors |
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Other creditors | 835,087 | 1,100,579 | |
Corporation tax |
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2024 | 2023 | ||
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£ | £ | ||
Other timing differences | 40,360 | 35,447 | |
Deferred Tax | Total | |
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£ | £ | |
As at 1 May 2023 |
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35,447 |
Deferred taxation |
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Balance at 30 April 2024 |
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40,360 |
2024 | 2023 | ||
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£ | £ | ||
On equity shares: | |||
Final dividend paid |
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Foblit Limited
A company in which Mr M Y Thadha is a director.
Included in other debtors is a balance due of £747,316 (2023: £383,452). Included in other creditors is an amount due of £360,000(2023:£360,000)
The Book Brothers Limited
A company in which Mr M Y Thadha is a director.
Included in other debtors is a loan of £633,043 (2023:£703,043)
Zoblit Limited
A company in which Mr M Y Thadha is a director.
Included in other debtors is a loan of £1,734,724 (2023: £1,718,229). Included in other creditors is an amount due of £20,000 (2023:£20,000)
Koblit Limited
A company in which Mr M Y Thadha is a director.
Included in other debtors is a loan of £880,774 (2023:£2,464,837). Included in other creditors is an amount due of £420,000 (2023:£420,000).
MY Thadha Investments Limited
A company in which Mr M Y Thadha is a director.
Included in other debtors is a loan of £146,124 (2023: £191,851).