2024
|
2023
|
||
£
|
£
|
||
Turnover
|
19,804,319
|
19,610,168
|
|
Gross Profit
|
4,445,849
|
4,723,885
|
|
EBITDA
|
633,986
|
1,116,274
|
|
Director
|
24th January 2025
|
|
|
|
|
Director
|
|
for and on behalf of
|
|
2 Station Road West
Oxted
Surrey
SM6 8PT
|
2024 | 2023 | |||
---|---|---|---|---|
Notes | £ | £ | ||
TURNOVER | 3 |
|
|
|
Cost of sales |
( |
( |
||
GROSS PROFIT |
|
|
||
Administrative expenses |
( |
( |
||
Other operating income |
|
|
||
OPERATING PROFIT | 5 |
|
|
|
Loss on disposal of fixed asset investments | (10,000) | - | ||
Other interest receivable and similar income | 10 |
|
|
|
Interest payable and similar charges | 11 |
( |
( |
|
PROFIT BEFORE TAXATION |
|
|
||
Tax on Profit | 12 |
|
( |
|
PROFIT AFTER TAXATION BEING PROFIT FOR THE FINANCIAL YEAR |
|
|
||
Profit attributable to: | ||||
Owners of the parent | 502,519 | 607,368 | ||
Non-controlling interest | 199,227 | 193,244 | ||
|
|
|||
2024 | 2023 | |||
---|---|---|---|---|
£ | £ | |||
PROFIT FOR THE FINANCIAL YEAR |
|
|
||
OTHER COMPREHENSIVE INCOME FOR THE YEAR | - | - | ||
TOTAL COMPREHENSIVE INCOME FOR THE YEAR |
|
|
||
Total comprehensive income attributable to: | ||||
Owners of the parent | 502,519 | 607,368 | ||
Non-controlling interest | 199,227 | 193,244 | ||
|
|
|||
2024 | 2023 | ||||
---|---|---|---|---|---|
Notes | £ | £ | £ | £ | |
FIXED ASSETS | |||||
Tangible Assets | 13 |
|
|
||
Investments | 14 |
|
|
||
|
|
||||
CURRENT ASSETS | |||||
Stocks | 15 |
|
|
||
Debtors | 16 |
|
|
||
Cash at bank and in hand |
|
|
|||
|
|
||||
Creditors: Amounts Falling Due Within One Year | 17 |
( |
( |
||
NET CURRENT ASSETS (LIABILITIES) |
|
|
|||
TOTAL ASSETS LESS CURRENT LIABILITIES |
|
|
|||
Creditors: Amounts Falling Due After More Than One Year | 18 |
( |
( |
||
PROVISIONS FOR LIABILITIES | |||||
Deferred Taxation | 20 |
( |
( |
||
NET ASSETS |
|
|
|||
CAPITAL AND RESERVES | |||||
Called up share capital | 22 |
|
|
||
Profit and Loss Account |
|
|
|||
Equity attributable to owners of the parent | 3,611,522 | 3,328,236 | |||
Non-controlling interest |
|
|
|||
TOTAL EQUITY | 4,076,220 | 3,683,707 | |||
Director
|
Director
|
|
2024 | 2023 | ||||
---|---|---|---|---|---|
Notes | £ | £ | £ | £ | |
FIXED ASSETS | |||||
Tangible Assets | 13 |
|
|
||
Investments | 14 |
|
|
||
|
|
||||
CURRENT ASSETS | |||||
Stocks | 15 |
|
|
||
Debtors | 16 |
|
|
||
Cash at bank and in hand |
|
|
|||
|
|
||||
Creditors: Amounts Falling Due Within One Year | 17 |
( |
( |
||
NET CURRENT ASSETS (LIABILITIES) |
|
|
|||
TOTAL ASSETS LESS CURRENT LIABILITIES |
|
|
|||
Creditors: Amounts Falling Due After More Than One Year | 18 |
( |
( |
||
PROVISIONS FOR LIABILITIES | |||||
Deferred Taxation | 20 |
( |
( |
||
NET ASSETS |
|
|
|||
CAPITAL AND RESERVES | |||||
Called up share capital | 22 |
|
|
||
Profit and Loss Account |
|
|
|||
SHAREHOLDERS' FUNDS | 3,106,976 | 2,942,021 | |||
Director
|
Director
|
|
Share Capital | Profit and Loss Account | Total Attributable to Parent | Non-controlling interest | Total | |
---|---|---|---|---|---|
£ | £ | £ | £ | £ | |
As at 1 May 2022 |
|
|
|
|
3,481,703 |
Profit for the year and total comprehensive income | - |
|
|
|
800,612 |
Dividends paid | - | (316,608) | (316,608) |
( |
(598,608) |
As at 30 April 2023 and 1 May 2023 |
|
|
|
|
3,683,707 |
Profit for the year and total comprehensive income | - |
|
|
|
701,746 |
Dividends paid | - | (219,233) | (219,233) |
( |
(309,233) |
As at 30 April 2024 |
|
|
|
|
4,076,220 |
Share Capital | Profit and Loss Account | Total | |
---|---|---|---|
£ | £ | £ | |
As at 1 May 2022 |
|
|
2,555,108 |
Profit for the year and total comprehensive income | - |
|
703,521 |
Dividends paid | - | (316,608) | (316,608) |
As at 30 April 2023 and 1 May 2023 |
|
|
2,942,021 |
Profit for the year and total comprehensive income | - |
|
384,188 |
Dividends paid | - | (219,233) | (219,233) |
As at 30 April 2024 |
|
|
3,106,976 |
2024 | 2023 | |||
---|---|---|---|---|
Notes | £ | £ | ||
Cash flows from operating activities | ||||
Net cash (used in)/generated from operations | 1 |
( |
|
|
Interest paid |
( |
( |
||
Tax refunded/(paid) |
|
( |
||
Net cash (used in)/generated from operating activities |
( |
|
||
Cash flows from investing activities | ||||
Purchase of tangible assets |
( |
( |
||
Purchase of other fixed asset investments |
|
( |
||
Interest received |
|
|
||
Net cash generated from/(used in) investing activities |
|
( |
||
Cash flows from financing activities | ||||
Equity dividends paid |
( |
( |
||
Repayment of bank borrowings |
|
( |
||
Repayment of finance leases |
( |
( |
||
Amount introduced by directors | 100,753 | 556,945 | ||
Amount withdrawn by directors | (246,458) | (341,681) | ||
Net cash used in financing activities |
( |
( |
||
Decrease 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 |
|
|
|
Interest income |
( |
( |
|
Depreciation of tangible assets |
|
|
|
Loss on disposal of fixed asset investments | 10,000 | - | |
Movements in working capital: | |||
Decrease in stocks |
|
|
|
(Increase)/decrease in trade and other debtors |
( |
|
|
Increase/(decrease) in trade and other creditors |
|
( |
|
Net cash (used in)/generated from operations |
( |
|
|
2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
Cash at bank and in hand |
|
|
|
As at 1 May 2023 | Cash flows | As at 30 April 2024 | |
---|---|---|---|
£ | £ | £ | |
Cash at bank and in hand |
|
(824,244) |
|
Finance leases | (172,031) | 70,073 | (101,958) |
2,597,934 | (754,171) | 1,843,763 | |
2024 | 2023 | |||
---|---|---|---|---|
Notes | £ | £ | ||
Cash flows from operating activities | ||||
Net cash used in operations | 1 |
( |
( |
|
Interest paid |
( |
( |
||
Tax refunded/(paid) |
|
( |
||
Net cash used in operating activities |
( |
( |
||
Cash flows from investing activities | ||||
Purchase of tangible assets |
( |
( |
||
Interest received |
|
|
||
Dividends received |
|
|
||
Net cash generated from investing activities |
|
|
||
Cash flows from financing activities | ||||
Equity dividends paid |
( |
( |
||
Repayment of other loans | - | (250,000) | ||
Repayment of finance leases |
( |
( |
||
Amount introduced by directors | 198,753 | 556,945 | ||
Amount withdrawn by directors | (270,459) | (341,681) | ||
Net cash used in financing activities |
( |
( |
||
Decrease 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 |
|
|
|
Interest income |
( |
( |
|
Income from shares in group undertakings | (97,500) | (305,500) | |
Depreciation of tangible assets |
|
|
|
Movements in working capital: | |||
Decrease in stocks |
|
|
|
Increase in trade and other debtors |
( |
( |
|
Decrease in trade and other creditors |
( |
( |
|
Net cash used in operations |
( |
( |
|
2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
Cash at bank and in hand |
|
|
|
As at 1 May 2023 | Cash flows | As at 30 April 2024 | |
---|---|---|---|
£ | £ | £ | |
Cash at bank and in hand |
|
(1,236,975) |
|
Finance leases | (172,031) | 70,073 | (101,958) |
2,055,381 | (1,166,902) | 888,479 | |
Plant & Machinery |
|
Motor Vehicles |
|
Fixtures & Fittings |
|
Computer Equipment |
|
2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
Other operating income |
|
|
|
255,954 | 156,007 | ||
2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
Bad debts | 8,052 | 36,000 | |
Depreciation of tangible fixed assets |
|
|
|
2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
Audit Services | |||
Audit of the company's financial statements |
|
|
|
Group | Company | ||||||
---|---|---|---|---|---|---|---|
2024 | 2023 | 2024 | 2023 | ||||
£ | £ | £ | £ | ||||
Wages and salaries |
|
|
|
|
|||
Social security costs |
|
|
|
|
|||
Other pension costs |
|
|
|
|
|||
|
|
|
|
||||
Group | Company | ||||||
---|---|---|---|---|---|---|---|
2024 | 2023 | 2024 | 2023 | ||||
Office and Management |
|
|
|
|
|||
Operatives |
|
|
|
|
|||
|
|
|
|
||||
2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
Emoluments |
|
|
|
Company contributions to money purchase pension schemes |
|
|
|
|
|
||
2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
Company contributions to money purchase pension schemes |
|
|
|
2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
Deposit account interest |
|
|
|
2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
Bank loans and overdrafts |
|
|
|
Finance charges payable under finance leases and hire purchase contracts | 2,621 | - | |
Foreign exchange charges |
|
|
|
32,479 | 37,949 | ||
The tax (credit)/charge on the profit for the year was as follows:
|
|||||
Tax Rate | 2024 | 2023 | |||
---|---|---|---|---|---|
2024 | 2023 | £ | £ | ||
Current tax | |||||
UK Corporation Tax | 25.0% | - |
|
|
|
Prior period adjustment |
( |
|
|||
( |
|
||||
Deferred Tax | |||||
Deferred taxation |
|
|
|||
Total tax charge for the period |
( |
|
|||
The actual (credit)/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 | 394,421 | 1,002,082 | |||
Tax on profit at 25% (UK standard rate) |
|
|
Goodwill/depreciation not allowed for tax |
( |
( |
|||
Expenses not deductible for tax purposes |
|
|
|||
Short term timing differences |
|
|
|||
Prior period adjustment |
( |
|
|||
Difference in tax rates |
|
|
|||
Dividends from companies |
|
|
|||
Total tax charge for the period | (307,325) | 201,470 | |||
Plant & Machinery | Motor Vehicles | Fixtures & Fittings | Computer Equipment | Total | |
---|---|---|---|---|---|
£ | £ | £ | £ | £ | |
Cost | |||||
As at 1 May 2023 |
|
|
|
|
|
Additions |
|
|
|
|
|
As at 30 April 2024 |
|
|
|
|
|
Depreciation | |||||
As at 1 May 2023 |
|
|
|
|
|
Provided during the period |
|
|
|
|
|
As at 30 April 2024 |
|
|
|
|
|
Net Book Value | |||||
As at 30 April 2024 |
|
|
|
|
|
As at 1 May 2023 |
|
|
|
|
|
Plant & Machinery | Motor Vehicles | Fixtures & Fittings | Computer Equipment | Total | |
---|---|---|---|---|---|
£ | £ | £ | £ | £ | |
Cost | |||||
As at 1 May 2023 |
|
|
|
|
|
Additions |
|
|
|
|
|
As at 30 April 2024 |
|
|
|
|
|
Depreciation | |||||
As at 1 May 2023 |
|
|
|
|
|
Provided during the period |
|
|
|
|
|
As at 30 April 2024 |
|
|
|
|
|
Net Book Value | |||||
As at 30 April 2024 |
|
|
|
|
|
As at 1 May 2023 |
|
|
|
|
|
Other | |
---|---|
£ | |
Cost | |
As at 1 May 2023 |
|
Disposals |
( |
As at 30 April 2024 |
|
Provision | |
As at 1 May 2023 |
|
As at 30 April 2024 |
|
Net Book Value | |
As at 30 April 2024 |
|
As at 1 May 2023 |
|
Subsidiaries | |
---|---|
£ | |
Cost | |
As at 1 May 2023 |
|
As at 30 April 2024 |
|
Provision | |
As at 1 May 2023 |
|
As at 30 April 2024 |
|
Net Book Value | |
As at 30 April 2024 |
|
As at 1 May 2023 |
|
Name of undertaking | Registered Office | Class of shares held | Direct holding | Indirect holding |
---|---|---|---|---|
|
|
|
- |
Capital and Reserves | Profit/(loss) | |
---|---|---|
£ | £ | |
Curran IT & Electrical Services Limited |
|
|
Group | Company | ||||||
---|---|---|---|---|---|---|---|
2024 | 2023 | 2024 | 2023 | ||||
£ | £ | £ | £ | ||||
Raw materials |
|
|
|
|
|||
Finished goods |
|
|
|
|
|||
|
|
|
|
||||
Group | Company | ||||||
---|---|---|---|---|---|---|---|
2024 | 2023 | 2024 | 2023 | ||||
£ | £ | £ | £ | ||||
Due within one year | |||||||
Trade debtors |
|
|
|
|
|||
Amounts owed by group undertakings | - | - | 1,248,021 | 12,172 | |||
Other debtors | 542,201 | 189,614 | 459,458 | 108,978 | |||
|
|
|
|
||||
Group | Company | ||||||
---|---|---|---|---|---|---|---|
2024 | 2023 | 2024 | 2023 | ||||
£ | £ | £ | £ | ||||
Net obligations under finance lease and hire purchase contracts |
|
|
|
|
|||
Trade creditors |
|
|
|
|
|||
Other creditors | 317,376 | 410,959 | 297,808 | 386,991 | |||
Corporation tax |
|
|
|
|
|||
Taxation and social security | 528,565 | 372,343 | 283,694 | 279,755 | |||
Accruals and deferred income |
|
|
|
|
|||
|
|
|
|
||||
Group | Company | ||||||
---|---|---|---|---|---|---|---|
2024 | 2023 | 2024 | 2023 | ||||
£ | £ | £ | £ | ||||
Net obligations under finance lease and hire purchase contracts |
|
|
|
|
|||
Group | Company | ||||||
---|---|---|---|---|---|---|---|
2024 | 2023 | 2024 | 2023 | ||||
£ | £ | £ | £ | ||||
The future minimum finance lease payments are as follows: | |||||||
Not later than one year |
|
|
|
|
|||
Later than five years |
|
|
|
|
|||
|
|
|
|
||||
|
|
|
|
||||
Group | Company | ||||||
---|---|---|---|---|---|---|---|
2024 | 2023 | 2024 | 2023 | ||||
£ | £ | £ | £ | ||||
Other timing differences | 148,662 | 115,393 | 147,163 | 112,488 | |||
Group | ||
---|---|---|
Deferred Tax | Total | |
£ | £ | |
As at 1 May 2023 |
|
115,393 |
Additions |
|
33,269 |
Balance at 30 April 2024 |
|
148,662 |
As at 1 May 2023 | Amounts advanced | Amounts repaid | Amounts written off | As at 30 April 2024 | |
---|---|---|---|---|---|
£ | £ | £ | £ | £ | |
Ms Carole Curran |
|
|
( |
- |
|
2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
On equity shares: | |||
Interim dividend paid |
|
|
|