Unit
|
2024
|
2023
|
||
Turnover
|
£
|
19,292,535
|
19,415,880
|
|
Profit before tax
|
£
|
804,122
|
638,847
|
Director
|
28 January 2025
|
|
|
|
Director
|
|
for and on behalf of
|
|
T/A Condy Mathias Chartered Accountants
6 Houndiscombe Road
Plymouth
Devon
PL4 6HH
|
2024 | 2023 | |||
---|---|---|---|---|
Notes | £ | £ | ||
TURNOVER | 3 |
|
|
|
Cost of sales |
( |
( |
||
GROSS PROFIT |
|
|
||
Administrative expenses |
( |
( |
||
Other operating income |
|
|
||
OPERATING PROFIT | 5 |
|
|
|
Interest payable and similar charges | 9 |
( |
( |
|
PROFIT BEFORE TAXATION |
|
|
||
Tax on Profit | 10 |
( |
( |
|
PROFIT AFTER TAXATION BEING PROFIT FOR THE FINANCIAL YEAR |
|
|
||
2024 | 2023 | ||||
---|---|---|---|---|---|
Notes | £ | £ | £ | £ | |
FIXED ASSETS | |||||
Intangible Assets | 11 |
|
|
||
Tangible Assets | 12 |
|
|
||
|
|
||||
CURRENT ASSETS | |||||
Debtors | 13 |
|
|
||
Cash at bank and in hand |
|
|
|||
|
|
||||
Creditors: Amounts Falling Due Within One Year | 14 |
( |
( |
||
NET CURRENT ASSETS (LIABILITIES) |
( |
( |
|||
TOTAL ASSETS LESS CURRENT LIABILITIES |
|
|
|||
PROVISIONS FOR LIABILITIES | |||||
Deferred Taxation |
( |
( |
|||
NET ASSETS |
|
|
|||
CAPITAL AND RESERVES | |||||
Called up share capital | 16 |
|
|
||
Profit and Loss Account |
|
|
|||
SHAREHOLDERS' FUNDS | 926,473 | 848,777 | |||
Director
|
|
Share Capital | Profit and Loss Account | Total | |
---|---|---|---|
£ | £ | £ | |
As at 1 September 2022 |
|
|
698,125 |
Profit for the year and total comprehensive income | - |
|
499,392 |
Dividends paid | - | (348,740) | (348,740) |
As at 31 August 2023 and 1 September 2023 |
|
|
848,777 |
Profit for the year and total comprehensive income | - |
|
605,146 |
Dividends paid | - | (527,450) | (527,450) |
As at 31 August 2024 |
|
|
926,473 |
2024 | 2023 | |||
---|---|---|---|---|
Notes | £ | £ | ||
Cash flows from operating activities | ||||
Net cash generated from operations | 1 |
|
|
|
Interest paid |
( |
( |
||
Tax paid |
( |
( |
||
Net cash (used in)/generated from operating activities |
( |
|
||
Cash flows from investing activities | ||||
Purchase of intangible assets |
( |
( |
||
Purchase of tangible assets |
( |
( |
||
Proceeds from disposal of tangible assets |
|
|
||
Net cash used in investing activities |
( |
( |
||
Cash flows from financing activities | ||||
Equity dividends paid |
( |
( |
||
Net movement of invoice discounting creditor | 908,267 | (893,986) | ||
Net cash generated from/(used in) financing activities |
|
( |
||
Increase in cash and cash equivalents |
|
|
||
Cash and cash equivalents at beginning of year | 2 |
|
|
|
Cash and cash equivalents at end of year | 2 |
|
|
|
2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
Profit for the financial year |
|
|
|
Adjustments for: | |||
Tax on profit |
|
|
|
Interest expense |
|
|
|
Depreciation of tangible assets |
|
|
|
Movements in working capital: | |||
(Increase)/decrease in trade and other debtors |
( |
|
|
Increase/(decrease) in trade and other creditors |
|
( |
|
Net cash generated from operations |
|
|
|
2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
Cash at bank and in hand |
|
|
|
As at 1 September 2023 | Cash flows | As at 31 August 2024 | |
---|---|---|---|
£ | £ | £ | |
Cash at bank and in hand |
|
19,381 |
|
Freehold |
|
Plant & Machinery |
|
Motor Vehicles |
|
Computer Equipment |
|
2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
United Kingdom |
|
|
|
Rest of the world |
|
|
|
19,292,535 | 19,415,879 | ||
2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
Grant income |
|
|
|
886 | 1,181 | ||
2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
Exchange differences |
( |
( |
|
Depreciation of tangible fixed assets |
|
|
|
2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
Audit Services | |||
Audit of the company's financial statements |
|
|
|
Other Services | |||
Other non-audit services |
|
|
|
2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
Wages and salaries |
|
|
|
Social security costs |
|
|
|
Other pension costs |
|
|
|
|
|
||
2024 | 2023 | ||
---|---|---|---|
Office and administration |
|
|
|
Sales, marketing and distribution |
|
|
|
Other departments |
|
|
|
|
|
||
2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
Bank loans and overdrafts |
|
|
|
Factoring charges | 20,618 | 21,492 | |
153,536 | 109,092 | ||
The tax charge on the profit for the year was as follows:
|
|||||
Tax Rate | 2024 | 2023 | |||
---|---|---|---|---|---|
2024 | 2023 | £ | £ | ||
Current tax | |||||
UK Corporation Tax | 25.0% | 21.5% |
|
|
|
Prior period adjustment |
( |
( |
|||
|
|
||||
Deferred Tax | |||||
Deferred taxation |
|
|
|||
Total tax charge for the period |
|
|
|||
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:
|
|||||
2024 | 2023 | ||||
£ | £ | ||||
Profit before tax | 804,122 | 638,847 | |||
Tax on profit at 25% (UK standard rate) |
|
|
|||
Goodwill/depreciation not allowed for tax |
|
|
|||
Expenses not deductible for tax purposes |
|
|
|||
Capital allowances |
( |
( |
|||
Prior period adjustment |
( |
( |
|||
Deferred tax from unrecognised timing difference from a prior period |
|
|
|||
Total tax charge for the period | 198,976 | 139,455 | |||
Software | |||
---|---|---|---|
£ | |||
Cost | |||
As at 1 September 2023 |
|
||
Additions |
|
||
As at 31 August 2024 |
|
||
Net Book Value | |||
As at 31 August 2024 |
|
||
As at 1 September 2023 |
|
||
Land & Property | ||||
---|---|---|---|---|
Freehold | Plant & Machinery | Motor Vehicles | Total | |
£ | £ | £ | £ | |
Cost | ||||
As at 1 September 2023 |
|
|
|
|
Additions |
|
|
|
|
Disposals |
( |
|
|
( |
As at 31 August 2024 |
|
|
|
|
Depreciation | ||||
As at 1 September 2023 |
|
|
|
|
Provided during the period |
|
|
|
|
As at 31 August 2024 |
|
|
|
|
Net Book Value | ||||
As at 31 August 2024 |
|
|
|
|
As at 1 September 2023 |
|
|
|
|
2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
Due within one year | |||
Trade debtors |
|
|
|
Other debtors | 727,879 | 819,543 | |
|
|
||
2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
Trade creditors |
|
|
|
Other creditors | 2,937,736 | 2,022,062 | |
Corporation tax |
|
|
|
|
|
||
Deferred Tax | Total | |
---|---|---|
£ | £ | |
As at 1 September 2023 |
|
56,342 |
Additions |
|
18,725 |
Balance at 31 August 2024 |
|
75,067 |
As at 1 September 2023 | Amounts advanced | Amounts repaid | Amounts written off | As at 31 August 2024 | |
---|---|---|---|---|---|
£ | £ | £ | £ | £ | |
Mrs Rhonda Choroszewska |
|
|
( |
- |
|
Mr Richard Choroszewski |
|
|
|
- |
|
2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
On equity shares: | |||
Interim dividend paid |
|
|
|
2024
|
2023
|
||
£
|
£
|
||
Interim dividend of £Nil (2023 - £1,250) per each Ordinary A
|
-
|
25,000
|
|
Interim dividend of £12,673 (2023 - £8,287) per each Ordinary B
|
253,458
|
165,740
|
|
Interim dividend of £3,750 (2023 - £Nil) per each Ordinary C
|
75,000
|
-
|
|
Interim dividend of £2,250 (2023 - £Nil) per each Ordinary D
|
45,000
|
-
|
|
Interim dividend of £2,200 (2023 - £2,900) per each Ordinary E
|
44,000
|
58,000
|
|
Interim dividend of £5,500 (2023 - £5,000) per each Ordinary F
|
109,992
|
100,000
|
|
527,450
|
348,740
|
2024
|
2023
|
||
£
|
£
|
||
Salaries and other short term employee benefits
|
245,359
|
205,951
|
|
Post-employment benefits
|
9,662
|
9,336
|
|
255,021
|
215,287
|
Other Related Parties
|
Total
|
||
£
|
£
|
||
As at 1 September 2023
|
119,664
|
119,664
|
|
Amounts advanced
|
137,000
|
137,000
|
|
Amounts repaid
|
(164,000)
|
(164,000)
|
|
Balance at 31 August 2024
|
92,664
|
92,664
|