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Financial Statements |
Contents |
Page |
Officers and professional advisers |
1 |
Strategic report |
2 |
Directors' report |
5 |
Independent auditor's report to the member |
8 |
Statement of income and retained earnings |
12 |
Statement of financial position |
13 |
Statement of cash flows |
14 |
Notes to the financial statements |
15 |
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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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Chartered accountants & statutory auditor |
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1 Picton Lane |
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Swansea |
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SA1 4AF |
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Solicitors |
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PO Box 176 |
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Bay House |
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Phoenix Way |
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Swansea |
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SA7 9YT |
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Strategic Report |
2024 | 2023 | 2022 | 2021 | 2020 | ||
£ | £ | £ | £ | £ | ||
Gross Margin | 21,029,035 | 19,061,220 | 17,756,181 | 16,258,618 | 14,901,498 | |
Staff Costs | 8,775,928 | 8,186,041 | 7,224,102 | 6,720,730 | 6,282,125 | |
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Director |
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Directors' Report |
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Unit |
2024 |
2023 |
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Emissions resulting from activities for which the company is responsible |
tCO2e |
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------- |
------- |
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Total emissions |
tCO2e |
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Total energy consumption |
kWh |
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------------ |
------------ |
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Director |
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Independent Auditor's Report to the Member of
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(Senior Statutory Auditor) |
For and on behalf of |
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Chartered accountants & statutory auditor |
1 Picton Lane |
Swansea |
SA1 4AF |
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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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Administrative expenses |
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Other operating income |
5 |
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Operating profit |
6 |
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Income from other fixed asset investments |
10 |
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Other interest receivable and similar income |
11 |
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Interest payable and similar expenses |
12 |
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Profit before taxation |
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Tax on profit |
13 |
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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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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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Investments |
16 |
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Stocks |
17 |
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Debtors |
18 |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
19 |
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Net current assets |
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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 |
21 |
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Net assets |
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Called up share capital |
24 |
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Profit and loss account |
25 |
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Shareholder funds |
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Director |
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Statement of Cash Flows |
2024 |
2023 |
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£ |
£ |
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Profit for the financial year |
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Adjustments for: |
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Depreciation of tangible assets |
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Amortisation of intangible assets |
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Income from other fixed asset investments |
(
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(
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Other interest receivable and similar income |
(
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(
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Interest payable and similar expenses |
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Gains on disposal of tangible assets |
(
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(
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Tax on profit |
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Accrued expenses/(income) |
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(
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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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(
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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 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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Purchase of intangible assets |
– |
(
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Dividends received |
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------------ |
------------ |
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Net cash used in investing activities |
(
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(
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------------ |
------------ |
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Proceeds from borrowings |
(
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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 |
1,093,765 |
1,252,536 |
------------ |
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Cash and cash equivalents at end of year |
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Notes to the Financial Statements |
Goodwill |
- |
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Freehold property |
- |
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Short leasehold property |
- |
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Plant and machinery |
- |
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Fixtures and fittings |
- |
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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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Hotel income |
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------------- |
------------- |
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------------- |
------------- |
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2024 |
2023 |
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£ |
£ |
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Rental income |
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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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Amortisation of intangible assets |
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Depreciation of tangible assets |
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Gains on disposal of tangible assets |
(
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(
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Impairment of trade debtors |
1,511,232 |
34,360 |
------------ |
--------- |
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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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Number of retail staff |
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Number of warehouse staff |
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Number of administrative staff |
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Number of management staff |
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Number of hotel staff |
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---- |
---- |
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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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Company contributions to defined contribution pension plans |
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--------- |
--------- |
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--------- |
--------- |
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2024 |
2023 |
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£ |
£ |
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Dividends receivable |
40,902 |
45,199 |
-------- |
-------- |
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2024 |
2023 |
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£ |
£ |
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Interest receivable on taxation |
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Gain on fair value adjustment of financial assets at fair value through profit or loss |
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– |
-------- |
------- |
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-------- |
------- |
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2024 |
2023 |
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£ |
£ |
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Dividends paid on shares classed as debt |
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Unrealised loss on investments |
– |
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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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Adjustments in respect of prior periods |
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(
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--------- |
--------- |
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Total current tax |
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--------- |
--------- |
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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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Adjustment to tax charge in respect of prior periods |
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(
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Effect of expenses not deductible for tax purposes |
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Effect of capital allowances and depreciation |
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(
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Effect of revenue exempt from tax |
(
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– |
Effect of different UK tax rates on some earnings |
– |
135,795 |
--------- |
------------ |
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Tax on profit |
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--------- |
------------ |
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Goodwill |
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£ |
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Cost |
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At 1 May 2023 and 30 April 2024 |
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------------ |
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Amortisation |
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At 1 May 2023 |
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Charge for the year |
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------------ |
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At 30 April 2024 |
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------------ |
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Carrying amount |
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At 30 April 2024 |
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------------ |
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At 30 April 2023 |
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Land and buildings |
Plant and machinery |
Fixtures and fittings |
Motor vehicles |
Total |
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£ |
£ |
£ |
£ |
£ |
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Cost |
|||||
At 1 May 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 30 April 2024 |
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------------- |
------------ |
------------ |
--------- |
------------- |
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Depreciation |
|||||
At 1 May 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 30 April 2024 |
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------------- |
------------ |
------------ |
--------- |
------------- |
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Carrying amount |
|||||
At 30 April 2024 |
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------------- |
------------ |
------------ |
--------- |
------------- |
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At 30 April 2023 |
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------------- |
------------ |
------------ |
--------- |
------------- |
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Other investments other than loans |
|
£ |
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Cost |
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At 1 May 2023 |
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Fair value adjustment |
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-------- |
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At 30 April 2024 |
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-------- |
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Impairment |
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At 1 May 2023 and 30 April 2024 |
– |
-------- |
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Carrying amount |
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At 30 April 2024 |
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-------- |
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At 30 April 2023 |
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-------- |
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2024 |
2023 |
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£ |
£ |
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Goods for resale |
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Work in progress |
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------------ |
------------ |
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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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Corporation tax repayable |
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Other debtors |
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------------ |
------------ |
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------------ |
------------ |
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2024 |
2023 |
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£ |
£ |
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Other debtors |
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--------- |
------------ |
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2024 |
2023 |
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£ |
£ |
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Trade creditors |
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Accruals and deferred income |
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Social security and other taxes |
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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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Shares classed as financial liabilities |
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------------ |
------------ |
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Deferred tax (note 22) |
|
£ |
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At 1 May 2023 |
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Additions |
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--------- |
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At 30 April 2024 |
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--------- |
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2024 |
2023 |
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£ |
£ |
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Included in provisions (note 21) |
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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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Fair value adjustment of investment property |
|
|
--------- |
--------- |
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607,780 |
527,750 |
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--------- |
--------- |
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2024 |
2023 |
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No. |
£ |
No. |
£ |
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|
100 |
|
100 |
---- |
---- |
---- |
---- |
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1,600,000 |
|
1,600,000 |
------------ |
------------ |
------------ |
------------ |
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At 1 May 2023 |
Cash flows |
At 30 Apr 2024 |
|
£ |
£ |
£ |
|
Cash at bank and in hand |
|
(1,025,114) |
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Debt due within one year |
(1,956,629) |
1,123,978 |
(832,651) |
------------ |
------------ |
--------- |
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(
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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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Notes to the Financial Statements (continued) |