Director |
|
Secretary |
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Company Number |
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Registered Office | Unit 64, Station Road |
Coleshill | |
Birmingham | |
West Midlands | |
B46 1HT | |
Auditors |
|
Manor Court Chambers | |
Townsend Drive | |
Nuneaton | |
Warwickshire | |
CV11 6RU | |
Director
|
17/02/2025
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|
Director
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|
for and on behalf of
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|
Manor Court Chambers
Townsend Drive
Nuneaton
Warwickshire
CV11 6RU
|
2024 | 2023 | |||
---|---|---|---|---|
Notes | £ | £ | ||
TURNOVER | 3 |
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Cost of sales |
( |
( |
||
GROSS PROFIT |
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||
Administrative expenses |
( |
( |
||
Other operating income |
|
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||
OPERATING PROFIT | 5 |
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Profit/(loss) 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 YEAR |
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2024 | 2023 | |||
---|---|---|---|---|
£ | £ | |||
PROFIT FOR THE FINANCIAL YEAR |
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||
OTHER COMPREHENSIVE INCOME FOR THE YEAR | - | - | ||
TOTAL COMPREHENSIVE INCOME FOR THE YEAR |
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2024 | 2023 | ||||
---|---|---|---|---|---|
Notes | £ | £ | £ | £ | |
FIXED ASSETS | |||||
Tangible Assets | 13 |
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Investments | 14 |
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CURRENT ASSETS | |||||
Stocks | 15 |
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Debtors | 16 |
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Cash at bank and in hand |
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Creditors: Amounts Falling Due Within One Year | 17 |
( |
( |
||
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 | 18 |
( |
( |
||
PROVISIONS FOR LIABILITIES | |||||
Deferred Taxation | 21 |
( |
( |
||
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 | 11,902,934 | 11,282,435 | |||
Director
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|
Share Capital | Profit and Loss Account | Total | |
---|---|---|---|
£ | £ | £ | |
As at 1 June 2022 |
|
|
9,671,150 |
Profit for the year and total comprehensive income | - |
|
1,611,285 |
As at 31 May 2023 and 1 June 2023 |
|
|
11,282,435 |
Profit for the year and total comprehensive income | - |
|
814,129 |
Dividends paid | - | (193,630) | (193,630) |
As at 31 May 2024 |
|
|
11,902,934 |
Leasehold |
|
Plant & Machinery |
|
Motor Vehicles |
|
Fixtures & Fittings |
|
2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
Moulding of plastic products | 11,664,907 | 14,024,423 | |
Steel | 1,642,015 | 2,085,013 | |
13,306,922 | 16,109,436 | ||
2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
Other operating income | - |
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|
- | 281,357 | ||
2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
Bad debts | 26 | 1,689 | |
Depreciation of tangible fixed assets |
|
|
|
2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
Audit Services | |||
Audit of the company's financial statements |
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|
2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
Wages and salaries |
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Social security costs |
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Other pension costs |
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2024 | 2023 | ||
---|---|---|---|
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2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
Emoluments | - |
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|
Company contributions to money purchase pension schemes | - |
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- |
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||
2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
Bank interest receivable |
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|
2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
Bank loans and overdrafts | - |
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|
Factoring charges | 62,615 | 89,832 | |
Finance charges payable under finance leases and hire purchase contracts | 3,946 | 7,302 | |
Other finance charges |
|
|
|
317,066 | 298,654 | ||
The tax charge on the profit for the year was as follows:
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Tax Rate | 2024 | 2023 | |||
---|---|---|---|---|---|
2024 | 2023 | £ | £ | ||
Current tax | |||||
UK Corporation Tax | 25.0% | 19.0% |
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Deferred Tax | |||||
Deferred taxation |
|
( |
|||
Total tax charge for the period |
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The actual 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:
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|||||
2024 | 2023 | ||||
£ | £ | ||||
Profit before tax | 1,041,712 | 1,883,616 | |||
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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Tax losses utilised |
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( |
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Capital allowances |
( |
( |
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Short term timing differences |
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( |
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Difference in tax rates |
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Group relief |
( |
( |
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Indexation allowance on capital gains |
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( |
|||
Total tax charge for the period | 227,583 | 272,331 | |||
Land & Property | |||||
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Leasehold | Plant & Machinery | Motor Vehicles | Fixtures & Fittings | Total | |
£ | £ | £ | £ | £ | |
Cost | |||||
As at 1 June 2023 |
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Additions |
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Disposals |
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( |
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( |
As at 31 May 2024 |
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Depreciation | |||||
As at 1 June 2023 |
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Provided during the period |
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Disposals |
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( |
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( |
As at 31 May 2024 |
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Net Book Value | |||||
As at 31 May 2024 |
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As at 1 June 2023 |
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Subsidiaries | |
---|---|
£ | |
Cost | |
As at 1 June 2023 |
|
As at 31 May 2024 |
|
Provision | |
As at 1 June 2023 |
|
As at 31 May 2024 |
|
Net Book Value | |
As at 31 May 2024 |
|
As at 1 June 2023 |
|
Name of undertaking | Registered Office | Class of shares held | Direct holding | Indirect holding |
---|---|---|---|---|
|
Station Road, Coleshill, Birmingham, B46 1HT |
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|
- |
2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
Raw materials and consumables |
|
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|
Finished goods |
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||
2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
Due within one year | |||
Trade debtors |
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Prepayments and accrued income |
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Other debtors |
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Amounts owed by group undertakings |
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2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
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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Corporation tax |
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Other taxes and social security |
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VAT |
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Other creditors |
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Factoring Account |
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Accruals and deferred income |
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|
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||
2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
Net obligations under finance lease and hire purchase contracts |
|
|
|
Bank loans |
|
|
|
|
|
||
2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
Amounts falling due within one year or on demand: | |||
Bank loans |
|
|
|
2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
Amounts falling due between one and five years: | |||
Bank loans |
|
|
|
2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
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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||
2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
Other timing differences | 71,538 | 69,364 | |
Deferred Tax | Total | |
---|---|---|
£ | £ | |
As at 1 June 2023 |
|
69,364 |
Utilised |
|
2,174 |
Balance at 31 May 2024 |
|
71,538 |
2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
Not later than one year |
|
|
|
Later than one year and not later than five years |
|
|
|
|
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||
2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
On equity shares: | |||
Interim dividend paid |
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