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Strategic Report | 1—2 |
Directors' Report | 3—4 |
Independent Auditor's Report | 5—8 |
Statement of Income and Retained Earnings | 9 |
Balance Sheet | 10—11 |
Notes to the Financial Statements | 12—25 |
2024
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2023
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||
£
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£
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||
Turnover
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£8,566,147
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£9,041,063
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|
EBITDA
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£626,709
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£1,720,283
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Director
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23/01/2025
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Director
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for and on behalf of
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1st Floor, Prospect House
Rouen Road
Norwich
Norfolk
NR1 1RE
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2024 | 2023 | |||
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Notes | £ | £ | ||
TURNOVER | 4 |
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Cost of sales |
( |
( |
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GROSS PROFIT |
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Administrative expenses |
( |
( |
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Other operating income |
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OPERATING PROFIT | 6 |
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Loss on disposal of fixed assets |
( |
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Other interest receivable and similar income | 11 |
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Interest payable and similar charges | 12 |
( |
( |
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PROFIT BEFORE TAXATION |
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Tax on Profit | 13 |
( |
( |
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PROFIT AFTER TAXATION BEING PROFIT FOR THE FINANCIAL YEAR |
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RETAINED EARNINGS | ||||
As at 1 May 2023 |
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Dividends paid | (469,600) | (567,347) | ||
As at 30 April 2024 |
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2024 | 2023 | ||||
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Notes | £ | £ | £ | £ | |
FIXED ASSETS | |||||
Tangible Assets | 14 |
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CURRENT ASSETS | |||||
Stocks | 15 |
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Debtors | 16 |
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Cash at bank and in hand |
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Creditors: Amounts Falling Due Within One Year | 17 |
( |
( |
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NET CURRENT ASSETS (LIABILITIES) |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
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Creditors: Amounts Falling Due After More Than One Year | 18 |
( |
( |
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PROVISIONS FOR LIABILITIES | |||||
Dilapidations Provision | 22 |
( |
( |
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Deferred Taxation | 21 |
( |
( |
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NET ASSETS |
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CAPITAL AND RESERVES | |||||
Called up share capital | 23 |
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Capital redemption reserve |
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Profit and Loss Account |
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SHAREHOLDERS' FUNDS | 2,431,002 | 2,781,317 | |||
Director
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Leasehold Improvements |
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Plant & Machinery |
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Motor Vehicles |
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Fixtures & Fittings |
|
2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
Grant income | - |
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Other operating income |
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|
25,413 | 42,571 | ||
2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
Bad debts | 14,019 | (5,035) | |
Operating lease rentals |
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Depreciation of tangible fixed assets |
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|
2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
Audit Services | |||
Audit of the company's financial statements |
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|
2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
Wages and salaries |
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Social security costs |
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Other pension costs |
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||
2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
Emoluments |
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Company contributions to money purchase pension schemes |
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2024 | 2023 | ||
---|---|---|---|
Money purchase pension schemes |
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|
2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
Bank interest receivable |
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|
2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
Bank loans and overdrafts |
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Finance charges payable under finance leases and hire purchase contracts | 33,808 | 21,888 | |
Other finance charges |
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52,715 | 41,223 | ||
The tax charge on the profit for the year was as follows:
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Tax Rate | 2024 | 2023 | |||
---|---|---|---|---|---|
2024 | 2023 | £ | £ | ||
Current tax | |||||
UK Corporation Tax | 25.0% | 19.5% |
( |
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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 | 337,022 | 1,481,757 | |||
Tax on profit at 25% (UK standard rate) |
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Goodwill/depreciation not allowed for tax |
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Expenses not deductible for tax purposes |
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Tax losses utilised |
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Capital allowances |
( |
( |
Short term timing differences |
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Prior period adjustment |
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Difference in tax rates |
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Total tax charge for the period | 217,737 | 297,384 | |||
Factors that may effect future tax changes
There are currently no factors of note that may effect future tax changes.
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Land & Property | |||||
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Leasehold Improvements | Plant & Machinery | Motor Vehicles | Fixtures & Fittings | Total | |
£ | £ | £ | £ | £ | |
Cost | |||||
As at 1 May 2023 |
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Additions |
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Disposals |
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( |
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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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Disposals |
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( |
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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 | ||
---|---|---|---|
£ | £ | ||
Plant & Machinery |
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Motor Vehicles |
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||
2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
Materials |
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Work in progress |
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2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
Due within one year | |||
Trade debtors |
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Prepayments and accrued income |
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Other debtors |
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Corporation tax recoverable assets |
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Amounts owed by group undertakings |
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2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
Net obligations under finance lease and hire purchase contracts |
|
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Trade creditors |
|
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Bank loans and overdrafts |
|
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Corporation tax | - |
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Other taxation and social security |
|
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Other creditors |
|
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Accruals and deferred income |
|
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Amounts owed to group undertakings | - |
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2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
Net obligations under finance lease and hire purchase contracts |
|
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Bank loans |
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2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
Amounts falling due within one year or on demand: | |||
Bank loans |
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|
2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
Amounts falling due between one and five years: | |||
Bank loans |
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|
2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
The future minimum finance lease payments are as follows: | |||
Not later than one year |
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Later than one year and not later than five years |
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2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
Other timing differences | 762,110 | 428,248 | |
2024
|
2023
|
||
£
|
£
|
||
Deferred tax on written down values of fixed assets
|
699,049
|
365,187
|
|
Deferred tax on capital gains rolled over
|
63,061
|
63,061
|
|
|
|
||
762,110
|
428,248
|
Deferred Tax | Other Provisions | Total | |
---|---|---|---|
£ | £ | £ | |
As at 1 May 2023 |
|
|
723,248 |
Additions |
|
|
333,862 |
Utilised |
|
( |
(11,780) |
Balance at 30 April 2024 |
|
|
1,045,330 |
2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
Not later than one year |
|
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Later than one year and not later than five years |
|
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Later than five years |
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2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
On equity shares: | |||
Final dividend paid |
|
|
|
2024
|
2023
|
||
£
|
£
|
||
Cash at bank
|
563,265
|
2,047,387
|
|
|
|
||
563,265
|
2,047,387
|