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Financial Statements |
Contents |
Page |
Officers and professional advisers |
1 |
Strategic report |
2 |
Directors' report |
4 |
Independent auditor's report to the members |
6 |
Statement of comprehensive income |
10 |
Statement of financial position |
11 |
Statement of changes in equity |
12 |
Statement of cash flows |
13 |
Notes to the financial statements |
14 |
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Officers and Professional Advisers |
The board of directors |
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Registered office |
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Auditor |
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Accountants & statutory auditor |
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21 Henrietta Street |
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Batley |
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West Yorkshire |
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WF17 5DN |
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Strategic Report |
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Director |
Registered office: |
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Directors' Report |
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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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Accountants & statutory auditor |
21 Henrietta Street |
Batley |
West Yorkshire |
WF17 5DN |
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Statement of Comprehensive Income |
2024 |
2023 |
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Note |
£ |
£ |
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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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------------ |
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Operating profit |
5 |
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Interest payable and similar expenses |
9 |
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Profit before taxation |
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Tax on profit |
10 |
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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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--------- |
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Total comprehensive income for the year |
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--------- |
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Statement of Financial Position |
2024 |
2023 |
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Note |
£ |
£ |
£ |
Tangible assets |
12 |
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Investments |
13 |
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Stocks |
14 |
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Debtors |
15 |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
16 |
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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 |
17 |
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Taxation including deferred tax |
19 |
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Net assets |
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Called up share capital |
22 |
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Revaluation reserve |
23 |
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Profit and loss account |
23 |
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Shareholders funds |
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Director |
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Statement of Changes in Equity |
Called up share capital |
Revaluation reserve |
Profit and loss account |
Total |
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Note |
£ |
£ |
£ |
£ |
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At 1 May 2022 |
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Profit for the year |
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Total comprehensive income for the year |
– |
– |
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Dividends paid and payable |
11 |
– |
– |
(
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(
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Total investments by and distributions to owners |
– |
– |
(
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(
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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: |
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Revaluation of tangible assets |
12 |
– |
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– |
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Total comprehensive income for the year |
– |
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Dividends paid and payable |
11 |
– |
– |
(
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(
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---- |
---- |
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Total investments by and distributions to owners |
– |
– |
(
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(
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---- |
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------------ |
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At 30 April 2024 |
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---- |
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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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Interest payable and similar expenses |
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(Gains)/loss on disposal of tangible assets |
(
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Tax on profit |
163,595
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286,715
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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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Tax (paid)/received |
(
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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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------------ |
------------ |
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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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Payments of finance lease liabilities |
(
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Dividends paid |
(
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(
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------------ |
------------ |
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Net cash used in financing activities |
(
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(
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------------ |
------------ |
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Net (decrease)/increase in cash and cash equivalents |
(
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Cash and cash equivalents at beginning of year |
295,082 |
206,956 |
--------- |
--------- |
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Cash and cash equivalents at end of year |
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--------- |
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Notes to the Financial Statements |
Plant & machinery |
- |
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Motor vehicles |
- |
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2024 |
2023 |
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£ |
£ |
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Rendering of services |
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------------ |
------------ |
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2024 |
2023 |
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£ |
£ |
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Depreciation of tangible assets |
|
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(Gains)/loss on disposal of tangible assets |
(
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Impairment of trade debtors |
1,153 |
913 |
--------- |
--------- |
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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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Production staff |
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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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No. |
No. |
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Defined contribution plans |
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---- |
---- |
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2024 |
2023 |
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£ |
£ |
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Aggregate remuneration |
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--------- |
-------- |
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2024 |
2023 |
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£ |
£ |
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Interest on banks loans and overdrafts |
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Interest on obligations under finance leases and hire purchase contracts |
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Other interest payable and similar charges |
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(
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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 |
163,595
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286,715
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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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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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Utilisation of group tax losses |
(50,701) |
(19,019) |
--------- |
--------- |
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Tax on profit |
38,302
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13,871
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--------- |
--------- |
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2024 |
2023 |
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£ |
£ |
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Dividends paid during the year (excluding those for which a liability existed at the end of the prior year ) |
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--------- |
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Land and buildings |
Plant and machinery |
Motor vehicles |
Total |
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£ |
£ |
£ |
£ |
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Cost or valuation |
||||
At 1 May 2023 |
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Additions |
– |
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Disposals |
– |
– |
(
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(
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Revaluations |
|
– |
– |
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------------ |
--------- |
------------ |
------------ |
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At 30 April 2024 |
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------------ |
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Depreciation |
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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 |
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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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Freehold property |
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£ |
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At 30 April 2024 |
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Aggregate cost |
1,469,288 |
Aggregate depreciation |
– |
------------ |
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Carrying value |
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------------ |
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At 30 April 2023 |
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Aggregate cost |
1,469,288 |
Aggregate depreciation |
– |
------------ |
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Carrying value |
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------------ |
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Plant and machinery |
Motor vehicles |
Total |
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£ |
£ |
£ |
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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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Other investments other than loans |
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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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Impairment |
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At 1 May 2023 and 30 April 2024 |
– |
-------- |
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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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-------- |
|
2024 |
2023 |
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£ |
£ |
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Raw materials and consumables |
|
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-------- |
-------- |
|
2024 |
2023 |
|
£ |
£ |
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Trade debtors |
|
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Amounts owed by group undertakings |
– |
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Prepayments and accrued income |
|
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Other debtors |
– |
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------------ |
------------ |
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|
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------------ |
------------ |
|
2024 |
2023 |
|
£ |
£ |
|
Bank loans and overdrafts |
– |
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Trade creditors |
|
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Accruals and deferred income |
|
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Corporation tax |
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Social security and other taxes |
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Obligations under finance leases and hire purchase contracts |
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Director loan accounts |
– |
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Other creditors |
|
– |
------------ |
------------ |
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------------ |
------------ |
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2024 |
2023 |
|
£ |
£ |
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Obligations under finance leases and hire purchase contracts |
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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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Deferred tax (note 20) |
|
£ |
|
At 1 May 2023 |
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Additions |
|
--------- |
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At 30 April 2024 |
|
--------- |
|
2024 |
2023 |
|
£ |
£ |
|
Included in provisions (note 19) |
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--------- |
--------- |
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2024 |
2023 |
|
£ |
£ |
|
Accelerated capital allowances |
(
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|
Revaluation of tangible assets |
|
|
--------- |
--------- |
|
125,434 |
273,120 |
|
--------- |
--------- |
|
2024 |
2023 |
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No. |
£ |
No. |
£ |
|
|
100 |
100 |
100 |
100 |
---- |
---- |
---- |
---- |
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2024 |
2023 |
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No. |
£ |
No. |
£ |
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|
|
4 |
|
4 |
---- |
---- |
---- |
---- |
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At 1 May 2023 |
Cash flows |
At 30 Apr 2024 |
|
£ |
£ |
£ |
|
Cash at bank and in hand |
|
(293,081) |
|
Debt due within one year |
(406,572) |
77,558 |
(329,014) |
Debt due after one year |
(332,351) |
102,104 |
(230,247) |
--------- |
--------- |
--------- |
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(
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(
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(
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--------- |
--------- |
--------- |
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