Director
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Director
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07/02/2025
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Appointed |
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Appointed |
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Director
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Director
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for and on behalf of
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Admiral House
Waterfront East
Brierley Hill
DY5 1XG
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31 July 2024 | ||
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Notes | £ | |
TURNOVER | 3 |
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Cost of sales |
( |
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GROSS PROFIT |
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Administrative expenses |
( |
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Other operating income |
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OPERATING PROFIT | 5 |
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Profit on disposal of fixed assets |
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Other interest receivable and similar income | 10 |
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Interest payable and similar charges | 11 |
( |
PROFIT BEFORE TAXATION |
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Tax on Profit | 12 |
( |
PROFIT AFTER TAXATION BEING PROFIT FOR THE FINANCIAL PERIOD ATTRIBUTABLE TO THE OWNERS OF THE PARENT |
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31 July 2024 | ||
---|---|---|
£ | ||
PROFIT FOR THE FINANCIAL PERIOD |
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OTHER COMPREHENSIVE INCOME FOR THE PERIOD | - | |
TOTAL COMPREHENSIVE INCOME FOR THE PERIOD ATTRIBUTABLE TO THE OWNERS OF THE PARENT |
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31 July 2024 | |||
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Notes | £ | £ | |
FIXED ASSETS | |||
Intangible Assets | 13 |
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Tangible Assets | 14 |
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CURRENT ASSETS | |||
Stocks | 16 |
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Debtors | 17 |
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Cash at bank and in hand |
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Creditors: Amounts Falling Due Within One Year | 18 |
( |
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NET CURRENT ASSETS (LIABILITIES) |
( |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
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||
Creditors: Amounts Falling Due After More Than One Year | 19 |
( |
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PROVISIONS FOR LIABILITIES | |||
Deferred Taxation | 22 |
( |
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NET ASSETS |
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CAPITAL AND RESERVES | |||
Called up share capital | 23 |
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Profit and Loss Account |
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SHAREHOLDERS' FUNDS | 260,879 | ||
Director
|
Director
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31 July 2024 | |||
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Notes | £ | £ | |
FIXED ASSETS | |||
Investments | 15 |
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CURRENT ASSETS | |||
Debtors | 17 |
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Creditors: Amounts Falling Due Within One Year | 18 |
( |
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NET CURRENT ASSETS (LIABILITIES) |
( |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
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Creditors: Amounts Falling Due After More Than One Year | 19 |
( |
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NET ASSETS |
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CAPITAL AND RESERVES | |||
Called up share capital | 23 |
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SHAREHOLDERS' FUNDS | 100 | ||
Director
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Director
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Share Capital | Profit and Loss Account | Total | |
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£ | £ | £ | |
As at 8 February 2023 |
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250,100 |
Profit for the period and total comprehensive income | - |
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260,779 |
Dividends paid | - | (250,000) | (250,000) |
As at 31 July 2024 |
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|
260,879 |
Share Capital | Profit and Loss Account | Total | |
---|---|---|---|
£ | £ | £ | |
As at 8 February 2023 |
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|
100 |
Profit for the period and total comprehensive income | - |
|
250,000 |
Dividends paid | - | (250,000) | (250,000) |
As at 31 July 2024 |
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100 |
31 July 2024 | ||
---|---|---|
Notes | £ | |
Cash flows from operating activities | ||
Net cash generated from operations | 1 |
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Interest paid |
( |
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Tax refunded |
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Net cash generated from operating activities |
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Cash flows from investing activities | ||
Purchase of intangible assets |
( |
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Purchase of tangible assets |
( |
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Proceeds from disposal of tangible assets |
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Interest received |
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Dividends received |
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Net cash used in investing activities |
( |
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Cash flows from financing activities | ||
Equity dividends paid |
( |
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Proceeds from new bank borrowings |
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Proceeds from new other loans | 350,290 | |
Repayment of finance leases |
( |
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Amount withdrawn by directors | (1,521) | |
Net cash generated from financing activities |
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Increase in cash and cash equivalents |
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Cash and cash equivalents at beginning of period | 2 |
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Cash and cash equivalents at end of period | 2 |
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31 July 2024 | |
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£ | |
Profit for the financial period |
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Adjustments for: | |
Tax on profit |
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Interest expense |
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Interest income |
( |
Amortisation of intangible assets |
|
Depreciation of tangible assets |
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Profit on disposal of tangible assets | (24,630) |
Movements in working capital: | |
Increase in stocks |
( |
Increase in trade and other debtors |
( |
Increase in trade and other creditors |
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Net cash generated from operations |
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31 July 2024 | |
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£ | |
Cash at bank and in hand |
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As at 8 February 2023 | Cash flows | As at 31 July 2024 | |
---|---|---|---|
£ | £ | £ | |
Cash at bank and in hand |
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35,613 |
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Finance leases | - | (309,506) | (309,506) |
Debts falling due within one year |
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(133,209) |
( |
Debts falling due after more than one year | - | (1,490,277) | (1,490,277) |
- | (1,897,379) | (1,897,379) | |
31 July 2024 | ||
---|---|---|
Notes | £ | |
Cash flows from operating activities | ||
Net cash generated from operations | 1 |
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Net cash generated from operating activities |
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Cash flows from investing activities | ||
Purchase of investment in subsidiary undertaking |
( |
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Dividends received |
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Net cash used in investing activities |
( |
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Cash flows from financing activities | ||
Equity dividends paid |
( |
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Increase/(decrease) in cash and cash equivalents |
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Cash and cash equivalents at beginning of period | 2 |
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Cash and cash equivalents at end of period | 2 |
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31 July 2024 | |
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£ | |
Profit for the financial period |
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Adjustments for: | |
Income from shares in group undertakings | (250,000) |
Movements in working capital: | |
Increase in trade and other creditors |
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Net cash generated from operations |
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Freehold |
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Plant & Machinery |
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Motor Vehicles |
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Fixtures & Fittings |
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Computer Equipment |
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31 July 2024 | |
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£ | |
Sale of goods | 17,901,401 |
31 July 2024 | |
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£ | |
United Kingdom |
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17,901,401 | |
31 July 2024 | |
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£ | |
Rental income |
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Other operating income |
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22,061 | |
31 July 2024 | |
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£ | |
Bad debts | 4,790 |
Depreciation of tangible fixed assets |
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Amortisation of intangible fixed assets |
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31 July 2024 | |
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£ | |
Audit Services | |
Audit of the company's financial statements |
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31 July 2024 | |
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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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Group | Company | ||
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31 July 2024 | 31 July 2024 | ||
Office and administration |
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Sales, marketing and distribution |
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Manufacturing |
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Research and Development |
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31 July 2024 | |
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£ | |
Emoluments |
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31 July 2024 | |
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£ | |
Bank interest receivable |
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31 July 2024 | |
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£ | |
Bank loans and overdrafts |
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Factoring charges | 167,507 |
Finance charges payable under finance leases and hire purchase contracts | 2,225 |
Foreign exchange |
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325,325 | |
The tax charge on the profit for the period was as follows:
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Tax Rate | 31 July 2024 | |
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31 July 2024 | £ | |
Current tax | ||
UK Corporation Tax | 25.0% |
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Deferred Tax | ||
Deferred taxation |
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Total tax charge for the period |
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The actual charge for the period can be reconciled to the expected charge for the period based on the profit and the standard rate of corporation tax as follows:
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31 July 2024 | ||
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£ | ||
Profit before tax | 403,417 | |
Tax on profit at 25% (UK standard rate) |
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Goodwill/depreciation not allowed for tax |
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Expenses not deductible for tax purposes |
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Capital allowances |
( |
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Short term timing differences |
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Total tax charge for the period | 142,638 | |
Goodwill | Other | Development Costs | Total | |
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£ | £ | £ | £ | |
Cost | ||||
As at 8 February 2023 |
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Additions |
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As at 31 July 2024 |
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Amortisation | ||||
As at 8 February 2023 |
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Provided during the period |
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As at 31 July 2024 |
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Net Book Value | ||||
As at 31 July 2024 |
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As at 8 February 2023 |
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Land & Property | ||||
---|---|---|---|---|
Freehold | Plant & Machinery | Motor Vehicles | Fixtures & Fittings | |
£ | £ | £ | £ | |
Cost | ||||
As at 8 February 2023 |
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Additions |
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Disposals |
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( |
As at 31 July 2024 |
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Depreciation | ||||
As at 8 February 2023 |
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Provided during the period |
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As at 31 July 2024 |
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Net Book Value | ||||
As at 31 July 2024 |
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As at 8 February 2023 |
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Computer Equipment | Total | |
---|---|---|
£ | £ | |
Cost | ||
As at 8 February 2023 |
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Additions |
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Disposals |
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( |
As at 31 July 2024 |
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Depreciation | ||
As at 8 February 2023 |
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Provided during the period |
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As at 31 July 2024 |
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Net Book Value | ||
As at 31 July 2024 |
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As at 8 February 2023 |
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31 July 2024 | |
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£ | |
Motor Vehicles |
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Subsidiaries | |
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£ | |
Cost | |
As at 8 February 2023 |
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Additions |
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As at 31 July 2024 |
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Provision | |
As at 8 February 2023 |
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As at 31 July 2024 |
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Net Book Value | |
As at 31 July 2024 |
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As at 8 February 2023 |
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Name of undertaking | Registered Office | Class of shares held | Direct holding | Indirect holding |
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Shelah Road, Halesowen, B63 3PN |
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- |
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Shelah Road, Halesowen, B63 3PN |
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- |
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Shelah Road, Halesowen, B63 3PN |
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- |
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Shelah Road, Halesowen, B63 3PN |
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- |
Capital and Reserves | Profit/(loss) | |
---|---|---|
£ | £ | |
Midland Oil Refinery Limited |
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Rods Oils Limited |
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( |
Varol Limited |
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Kwikfill Limited |
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Name of undertaking | Registered Number |
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12602458 |
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05944605 |
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02017333 |
31 July 2024 | |
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£ | |
Stock |
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Group | Company | ||
---|---|---|---|
31 July 2024 | 31 July 2024 | ||
£ | £ | ||
Due within one year | |||
Trade debtors |
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Other debtors | 187,632 | 100 | |
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Group | Company | ||
---|---|---|---|
31 July 2024 | 31 July 2024 | ||
£ | £ | ||
Net obligations under finance lease and hire purchase contracts |
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Trade creditors |
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Bank loans and overdrafts |
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Bills of exchange |
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Amounts owed to group undertakings | - |
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Other creditors | 217,633 | 127,917 | |
Corporation tax |
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Taxation and social security | 24,553 | - | |
Accruals and deferred income |
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Group | Company | ||
---|---|---|---|
31 July 2024 | 31 July 2024 | ||
£ | £ | ||
Net obligations under finance lease and hire purchase contracts |
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Bank loans |
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Other creditors | 87,500 | 87,500 | |
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Group | ||
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31 July 2024 | ||
£ | ||
Net obligations under finance lease and hire purchase contracts | 309,506 | |
Bank loans and overdrafts | 1,623,486 | |
Other Creditors | 1,682,218 |
Group | ||
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31 July 2024 | ||
£ | ||
Amounts falling due within one year or on demand: | ||
Bank loans |
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Group | ||
---|---|---|
31 July 2024 | ||
£ | ||
Amounts falling due between one and five years: | ||
Bank loans |
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Group | ||
---|---|---|
31 July 2024 | ||
£ | ||
Amounts falling due after more than five years: | ||
Bank loans |
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Group | ||
---|---|---|
31 July 2024 | ||
£ | ||
The future minimum finance lease payments are as follows: | ||
Not later than one year |
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Later than one year and not later than five years |
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31 July 2024 | |
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£ | |
Accelerated capital allowances |
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Other timing differences | (10,000) |
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As at 8 February 2023 | Amounts advanced | Amounts repaid | Amounts written off | As at 31 July 2024 | |
---|---|---|---|---|---|
£ | £ | £ | £ | £ | |
Mr Richard Parry |
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- |
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31 July 2024 | |
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£ | |
On equity shares: | |
Interim dividend paid |
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