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For the year ended |
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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 members |
8 |
Consolidated statement of comprehensive income |
12 |
Consolidated statement of financial position |
13 |
Company statement of financial position |
14 |
Consolidated statement of changes in equity |
15 |
Company statement of changes in equity |
16 |
Consolidated statement of cash flows |
17 |
Notes to the financial statements |
18 |
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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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Enterprise House |
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38 Tyndall Court |
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Commerce Road |
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Lynch Wood |
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Peterborough |
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Cambridgeshire |
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PE2 6LR |
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Strategic Report |
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Director |
Registered office: |
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Directors' Report |
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Unit |
2024 |
2023 |
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Emissions resulting from activities for which the group is responsible |
tCO2e |
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Emissions resulting from the purchase of electricity by the group for its own use |
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 |
Registered office: |
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Independent Auditor's Report to the Members of
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(Senior Statutory Auditor) |
For and on behalf of |
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Chartered accountants & statutory auditor |
Enterprise House |
38 Tyndall Court |
Commerce Road |
Lynch Wood |
Peterborough |
Cambridgeshire |
PE2 6LR |
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Consolidated Statement of Comprehensive Income |
2024 |
2023 |
||
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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------------- |
------------- |
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Operating profit |
6 |
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Other interest receivable and similar income |
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Interest payable and similar expenses |
10 |
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------------- |
------------- |
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Profit before taxation |
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Tax on profit |
11 |
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------------ |
------------ |
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Profit for the financial year |
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------------ |
------------ |
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Revaluation of tangible assets |
(
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– |
------------ |
------------ |
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Total comprehensive income for the year |
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------------ |
------------ |
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Consolidated Statement of Financial Position |
2024 |
2023 |
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Note |
£ |
£ |
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Intangible assets |
12 |
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Tangible assets |
13 |
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--------------- |
--------------- |
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Stocks |
15 |
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Debtors |
16 |
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Cash at bank and in hand |
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------------- |
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Creditors: amounts falling due within one year |
17 |
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------------- |
------------- |
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Net current liabilities |
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--------------- |
--------------- |
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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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Taxation including deferred tax |
19 |
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--------------- |
--------------- |
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Net assets |
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--------------- |
--------------- |
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Called up share capital |
22 |
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Share premium account |
23 |
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Revaluation reserve |
23 |
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Profit and loss account |
23 |
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------------- |
------------- |
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Shareholders funds |
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------------- |
------------- |
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Director |
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Company Statement of Financial Position |
2024 |
2023 |
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Note |
£ |
£ |
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Tangible assets |
13 |
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Investments |
14 |
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------------- |
------------- |
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Stocks |
15 |
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Debtors |
16 |
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Cash at bank and in hand |
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------------- |
------------- |
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Creditors: amounts falling due within one year |
17 |
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------------- |
------------- |
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Net current assets |
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------------- |
------------- |
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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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Taxation including deferred tax |
19 |
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------------- |
------------- |
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Net assets |
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------------- |
------------- |
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Called up share capital |
22 |
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Share premium account |
23 |
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Revaluation reserve |
23 |
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Profit and loss account |
23 |
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------------- |
------------- |
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Shareholders funds |
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------------- |
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Director |
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Consolidated Statement of Changes in Equity |
Called up share capital |
Share premium account |
Revaluation reserve |
Profit and loss account |
Total |
|||
Note |
£ |
£ |
£ |
£ |
£ |
||
At 1 May 2022 |
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Profit for the year |
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Other comprehensive income for the year: |
|||||||
Reclassification from revaluation reserve to profit and loss account |
– |
– |
(
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|
– |
||
---- |
------------ |
------------- |
------------- |
------------- |
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Total comprehensive income for the year |
– |
– |
(
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At 30 April 2023 |
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Profit for the year |
|
|
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Other comprehensive income for the year: |
|||||||
Revaluation of tangible assets |
13 |
– |
– |
(
|
– |
(
|
|
---- |
------------ |
------------- |
------------- |
------------- |
|||
Total comprehensive income for the year |
– |
– |
(
|
|
|
||
---- |
------------ |
------------- |
------------- |
------------- |
|||
At 30 April 2024 |
|
|
|
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||
---- |
------------ |
------------- |
------------- |
------------- |
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Company Statement of Changes in Equity |
Called up share capital |
Share premium account |
Revaluation reserve |
Profit and loss account |
Total |
|||
£ |
£ |
£ |
£ |
£ |
|||
At 1 May 2022 |
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Profit for the year |
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Other comprehensive income for the year: |
|||||||
Reclassification from revaluation reserve to profit and loss account |
– |
– |
– |
|
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Tax relating to components of other comprehensive income |
11 |
– |
– |
(
|
– |
(
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---- |
------------ |
------------- |
------------ |
------------- |
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Total comprehensive income for the year |
– |
– |
(
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At 30 April 2023 |
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Profit for the year |
|
|
|||||
---- |
------------ |
------------- |
------------- |
------------- |
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Total comprehensive income for the year |
– |
– |
– |
|
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||
---- |
------------ |
------------- |
------------- |
------------- |
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At 30 April 2024 |
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---- |
------------ |
------------- |
------------- |
------------- |
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Consolidated Statement of Cash Flows |
2024 |
2023 |
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Note |
£ |
£ |
|
Cash generated from operations |
24 |
|
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Interest paid |
(
|
(
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Interest received |
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Tax paid |
(
|
(
|
------------- |
------------ |
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Net cash from operating activities |
|
|
------------- |
------------ |
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Purchase of tangible assets |
(
|
(
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Proceeds from sale of tangible assets |
(
|
– |
------------- |
------------- |
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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 |
|
|
Repayments of borrowings |
(
|
(
|
Directors loans made or repaid |
|
|
Loans repaid to other third parties |
– |
(500,000)
|
------------- |
------------- |
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Net cash from financing activities |
|
|
------------- |
------------- |
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Net increase in cash and cash equivalents |
|
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Cash and cash equivalents at beginning of year |
2,493,112 |
2,200,385 |
------------ |
------------ |
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Cash and cash equivalents at end of year |
|
|
------------ |
------------ |
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Notes to the Financial Statements |
Goodwill |
- |
Straight line over 10 years
|
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Negative goodwill |
- |
Straight line over 10 years
|
|
Freehold buildings |
- |
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Leasehold buildings |
- |
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Plant and machinery |
- |
5 - 15% Straight line
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Fixtures and fittings |
- |
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Motor vehicles |
- |
20 - 25% Reducing balance
|
|
2024 |
2023 |
|
£ |
£ |
|
Sale of goods |
|
|
--------------- |
--------------- |
|
2024 |
2023 |
|
£ |
£ |
|
Other operating income |
|
|
--------- |
------------ |
|
2024 |
2023 |
|
£ |
£ |
|
Amortisation of intangible assets |
|
|
Depreciation of tangible assets |
|
|
Gains on disposal of tangible assets |
(
|
– |
Operating lease payments |
|
|
------------ |
------------ |
|
2024 |
2023 |
|
£ |
£ |
|
Fees payable for the audit of the financial statements |
|
|
-------- |
-------- |
|
Audit of the financial statements of associates |
|
|
Other non-audit services |
|
|
-------- |
-------- |
|
56,147 |
64,354 |
|
-------- |
-------- |
|
2024 |
2023 |
|
No. |
No. |
|
Administrative staff |
|
|
Management staff |
1 |
– |
---- |
---- |
|
|
|
|
---- |
---- |
|
2024 |
2023 |
|
£ |
£ |
|
Wages and salaries |
|
|
Social security costs |
|
|
Other pension costs |
|
|
--------- |
--------- |
|
|
|
|
--------- |
--------- |
|
2024 |
2023 |
|
£ |
£ |
|
Remuneration |
|
|
-------- |
-------- |
|
2024 |
2023 |
|
£ |
£ |
|
Interest on banks loans and overdrafts |
|
|
Other interest payable and similar charges |
|
– |
------------ |
------------ |
|
|
|
|
------------ |
------------ |
|
2024 |
2023 |
|
£ |
£ |
|
UK current tax expense |
|
|
Adjustments in respect of prior periods |
|
– |
------------ |
------------ |
|
Total current tax |
|
|
------------ |
------------ |
|
Origination and reversal of timing differences |
|
|
------------ |
------------ |
|
Tax on profit |
|
|
------------ |
------------ |
|
2024 |
2023 |
|
£ |
£ |
|
Profit on ordinary activities before taxation |
|
|
------------ |
------------ |
|
Profit on ordinary activities by rate of tax |
|
|
Adjustment to tax charge in respect of prior periods |
2,034
|
– |
Effect of expenses not deductible for tax purposes |
|
|
Effect of capital allowances and depreciation |
|
|
Other tax adjustment to increase/(decrease) tax liability |
|
|
------------ |
------------ |
|
Tax on profit |
|
|
------------ |
------------ |
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Group |
Goodwill |
Negative goodwill |
Total |
£ |
£ |
£ |
|
Cost |
|||
At 1 May 2023 and 30 April 2024 |
|
(
73,214) |
|
--------- |
-------- |
--------- |
|
Amortisation |
|||
At 1 May 2023 |
|
(
20,721) |
|
Charge for the year |
|
(
7,322) |
|
--------- |
-------- |
--------- |
|
At 30 April 2024 |
|
(
28,043) |
|
--------- |
-------- |
--------- |
|
Carrying amount |
|||
At 30 April 2024 |
|
(
45,171) |
|
--------- |
-------- |
--------- |
|
At 30 April 2023 |
|
(
52,493) |
|
--------- |
-------- |
--------- |
|
Group |
Land and buildings |
Plant and machinery |
Fixtures and fittings |
Motor vehicles |
Total |
£ |
£ |
£ |
£ |
£ |
|
Cost |
|||||
At 1 May 2023 |
|
|
|
|
|
Additions |
|
|
|
|
|
Disposals |
– |
– |
– |
(
|
(
|
Revaluations |
(
|
– |
– |
– |
(
|
--------------- |
------------ |
------------ |
--------- |
--------------- |
|
At 30 April 2024 |
|
|
|
|
|
--------------- |
------------ |
------------ |
--------- |
--------------- |
|
Depreciation |
|||||
At 1 May 2023 |
|
|
|
|
|
Charge for the year |
|
|
|
|
|
Disposals |
– |
(
|
– |
(
|
(
|
Revaluations |
(
|
– |
– |
– |
(
|
--------------- |
------------ |
------------ |
--------- |
--------------- |
|
At 30 April 2024 |
|
|
|
|
|
--------------- |
------------ |
------------ |
--------- |
--------------- |
|
Carrying amount |
|||||
At 30 April 2024 |
|
|
|
|
|
--------------- |
------------ |
------------ |
--------- |
--------------- |
|
At 30 April 2023 |
|
|
|
|
|
--------------- |
------------ |
------------ |
--------- |
--------------- |
|
Company |
Land and buildings |
Fixtures and fittings |
Motor vehicles |
Total |
£ |
£ |
£ |
£ |
|
Cost |
||||
At 1 May 2023 |
|
|
|
|
Additions |
|
|
|
|
Disposals |
– |
– |
(
|
(
|
--------------- |
------------ |
--------- |
------------- |
|
At 30 April 2024 |
|
|
|
|
--------------- |
------------ |
--------- |
------------- |
|
Depreciation |
||||
At 1 May 2023 |
|
|
|
|
Charge for the year |
|
|
|
|
Disposals |
– |
– |
(
|
(
|
--------------- |
------------ |
--------- |
------------- |
|
At 30 April 2024 |
|
|
|
|
--------------- |
------------ |
--------- |
------------- |
|
Carrying amount |
||||
At 30 April 2024 |
|
|
|
|
--------------- |
------------ |
--------- |
------------- |
|
At 30 April 2023 |
|
|
|
|
--------------- |
------------ |
--------- |
------------- |
|
Company |
Shares in group undertakings |
£ |
|
Cost |
|
At 1 May 2023 and 30 April 2024 |
|
------------ |
|
Impairment |
|
At 1 May 2023 and 30 April 2024 |
– |
------------ |
|
Carrying amount |
|
At 1 May 2023 and 30 April 2024 |
|
------------ |
|
At 30 April 2023 |
|
------------ |
|
Class of share |
Percentage of shares held |
|
Subsidiary undertakings |
||
|
Ordinary |
100 |
|
Ordinary |
100 |
|
Ordinary |
100 |
|
Ordinary |
100 |
|
Ordinary |
100 |
Group |
Company |
|||
2024 |
2023 |
2024 |
2023 |
|
£ |
£ |
£ |
£ |
|
Raw materials and consumables |
|
|
|
|
------------ |
------------ |
------------ |
------------ |
|
Group |
Company |
|||
2024 |
2023 |
2024 |
2023 |
|
£ |
£ |
£ |
£ |
|
Trade debtors |
|
|
|
|
Amounts owed by group undertakings |
– |
– |
|
|
Prepayments and accrued income |
|
|
|
|
Other debtors |
|
|
|
|
------------ |
------------- |
------------- |
------------- |
|
|
|
|
|
|
------------ |
------------- |
------------- |
------------- |
|
Group |
Company |
|||
2024 |
2023 |
2024 |
2023 |
|
£ |
£ |
£ |
£ |
|
Bank loans and overdrafts |
|
|
|
|
Trade creditors |
|
|
|
|
Amounts owed to group undertakings |
– |
– |
|
|
Accruals and deferred income |
|
|
|
|
Corporation tax |
– |
– |
|
|
Social security and other taxes |
|
|
|
|
Director loan accounts |
|
|
|
|
Other creditors |
|
|
|
|
------------- |
------------- |
------------- |
------------- |
|
|
|
|
|
|
------------- |
------------- |
------------- |
------------- |
|
Group |
Company |
|||
2024 |
2023 |
2024 |
2023 |
|
£ |
£ |
£ |
£ |
|
Bank loans and overdrafts |
|
|
|
|
------------- |
------------- |
------------- |
------------- |
|
Group |
Deferred tax (note 20) |
£ |
|
At 1 May 2023 |
|
Additions |
|
Charge against provision |
(
|
------------- |
|
At 30 April 2024 |
|
------------- |
|
Company |
Deferred tax (note 20) |
£ |
|
At 1 May 2023 |
|
Additions |
|
------------ |
|
At 30 April 2024 |
|
------------ |
|
Group |
Company |
|||
2024 |
2023 |
2024 |
2023 |
|
£ |
£ |
£ |
£ |
|
Included in provisions (note 19) |
|
|
|
|
------------- |
------------- |
------------ |
------------ |
|
Group |
Company |
|||
2024 |
2023 |
2024 |
2023 |
|
£ |
£ |
£ |
£ |
|
Accelerated capital allowances |
|
|
|
|
Revaluation of tangible assets |
|
|
|
|
------------- |
------------- |
------------ |
------------ |
|
10,842,513 |
10,694,649 |
5,885,912 |
5,688,226 |
|
------------- |
------------- |
------------ |
------------ |
|
2024 |
2023 |
|||
No. |
£ |
No. |
£ |
|
|
|
123 |
|
123 |
---- |
---- |
---- |
---- |
|
2024 |
2023 |
|
£ |
£ |
|
Profit for the financial year |
|
|
Adjustments for: |
||
Depreciation of tangible assets |
|
|
Amortisation of intangible assets |
|
|
Other interest receivable and similar income |
(
|
(
|
Interest payable and similar expenses |
|
|
Gains on disposal of tangible assets |
(
|
– |
Tax on profit |
|
|
Accrued (income)/expenses |
(
|
|
Changes in: |
||
Stocks |
(
|
(
|
Trade and other debtors |
|
(
|
Trade and other creditors |
|
|
------------- |
------------ |
|
|
|
|
------------- |
------------ |
|
At 1 May 2023 |
Cash flows |
At 30 Apr 2024 |
|
£ |
£ |
£ |
|
Cash at bank and in hand |
|
6,499,743 |
|
Debt due within one year |
(5,797,303) |
(968,964) |
(6,766,267) |
Debt due after one year |
(43,777,917) |
(8,259,075) |
(52,036,992) |
------------- |
------------ |
------------- |
|
(
|
(
|
(
|
|
------------- |
------------ |
------------- |
|
Group |
Company |
|||
2024 |
2023 |
2024 |
2023 |
|
£ |
£ |
£ |
£ |
|
Not later than 1 year |
|
|
|
|
Later than 1 year and not later than 5 years |
|
|
|
|
Later than 5 years |
|
|
|
|
------------ |
------------ |
------------ |
------------ |
|
|
|
|
|
|
------------ |
------------ |
------------ |
------------ |
|
Group |
Company |
|||
2024 |
2023 |
2024 |
2023 |
|
£ |
£ |
£ |
£ |
|
Not later than 1 year |
|
|
|
|
Later than 1 year and not later than 5 years |
|
|
|
|
Later than 5 years |
|
|
|
|
--------- |
------------ |
--------- |
------------ |
|
|
|
|
|
|
--------- |
------------ |
--------- |
------------ |
|
|
Notes to the Financial Statements (continued) |