Directors |
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Secretary |
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Company Number |
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Registered Office | Unit 64 Station Road |
Coleshill | |
Birmingham | |
B46 1HT | |
Accountants | SFB Group Limited |
ICAEW | |
Auditors |
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Manor Court Chambers | |
Townsend Drive | |
Nuneaton | |
Warwickshire | |
CV11 6RU | |
Director
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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
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2024 | 2023 | |||
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Notes | £ | £ | ||
TURNOVER | 3 |
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Cost of sales |
( |
( |
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GROSS PROFIT |
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Distribution costs |
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( |
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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 | 9 |
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Interest payable and similar charges | 10 |
( |
( |
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PROFIT BEFORE TAXATION |
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Tax on Profit | 11 |
( |
( |
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PROFIT AFTER TAXATION BEING PROFIT FOR THE FINANCIAL YEAR ATTRIBUTABLE TO THE OWNERS OF THE PARENT |
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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 ATTRIBUTABLE TO THE OWNERS OF THE PARENT |
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2024 | 2023 | ||||
---|---|---|---|---|---|
Notes | £ | £ | £ | £ | |
FIXED ASSETS | |||||
Intangible Assets | 12 |
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Tangible Assets | 13 |
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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 |
( |
( |
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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 | 18 |
( |
( |
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PROVISIONS FOR LIABILITIES | |||||
Deferred Taxation | 21 |
( |
( |
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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 | 1,145,484 | 946,910 | |||
Director
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2024 | 2023 | ||||
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Notes | £ | £ | £ | £ | |
FIXED ASSETS | |||||
Investments | 14 |
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CURRENT ASSETS | |||||
Debtors | 16 |
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Cash at bank and in hand |
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Creditors: Amounts Falling Due Within One Year | 17 |
( |
( |
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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 | 18 |
( |
( |
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NET LIABILITIES |
( |
( |
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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 | (266,365) | (317,800) | |||
Director
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Share Capital | Profit and Loss Account | Total | |
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£ | £ | £ | |
As at 1 June 2022 |
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90 |
Profit for the year and total comprehensive income | - |
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946,820 |
As at 31 May 2023 and 1 June 2023 |
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946,910 |
Profit for the year and total comprehensive income | - |
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198,574 |
Dividends paid | - | - | - |
As at 31 May 2024 |
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1,145,484 |
Share Capital | Profit and Loss Account | Total | |
---|---|---|---|
£ | £ | £ | |
As at 1 June 2022 |
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90 |
Loss for the year and total comprehensive income | - |
( |
(317,890) |
As at 31 May 2023 and 1 June 2023 |
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( |
(317,800) |
Profit for the year and total comprehensive income | - |
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51,435 |
As at 31 May 2024 |
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( |
(266,365) |
2024 | 2023 | |||
---|---|---|---|---|
Notes | £ | £ | ||
Cash flows from operating activities | ||||
Net cash generated from operations | 1 |
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Interest (paid)/refunded |
( |
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Tax paid |
( |
( |
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Net cash generated from operating activities |
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Cash flows from investing activities | ||||
Purchase of tangible assets |
( |
( |
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Proceeds from disposal of tangible assets |
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( |
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Purchase of investment in subsidiary undertaking |
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( |
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Interest received |
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Acquisition of subsidiaries cash | - | 871,903 | ||
Net cash used in investing activities |
( |
( |
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Cash flows from financing activities | ||||
Proceeds from new bank borrowings |
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Repayment of bank borrowings |
( |
( |
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Repayment of finance leases |
( |
( |
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Amount withdrawn by directors | - | 564,207 | ||
Share issue | - | 90 | ||
New hire purchase in the year | 62,664 | 24,500 | ||
Deferred consideration on acquisition of subsidiary undertaking | (1,100,000) | - | ||
Net cash (used in)/generated from financing activities |
( |
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(Decrease)/increase in cash and cash equivalents |
( |
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Cash and cash equivalents at beginning of year | 2 |
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Cash and cash equivalents at end of year | 2 |
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2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
Profit for the financial year |
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Adjustments for: | |||
Tax on profit |
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Interest expense |
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Interest income |
( |
( |
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Amortisation of intangible assets |
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Depreciation of tangible assets |
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(Profit)/loss on disposal of tangible assets | (3,376) | 76,563 | |
Movements in working capital: | |||
Decrease/(increase) in stocks |
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( |
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Decrease/(increase) in trade and other debtors |
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( |
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(Decrease)/increase in trade and other creditors |
( |
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Net cash generated from operations |
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2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
Cash at bank and in hand |
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As at 1 June 2023 | Cash flows | As at 31 May 2024 | |
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£ | £ | £ | |
Cash at bank and in hand |
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(1,191,220) |
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Finance leases | (48,454) | (32,660) | (81,114) |
Debts falling due within one year |
( |
- |
( |
Debts falling due after more than one year | (1,250,000) | 300,000 | (950,000) |
(35,821) | (923,880) | (959,701) | |
Leasehold |
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Plant & Machinery |
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Motor Vehicles |
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Fixtures & Fittings |
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2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
Moulding of plastic products | 11,664,907 | 12,520,834 | |
Steel | 1,642,015 | 1,865,069 | |
13,306,922 | 14,385,903 | ||
2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
Other operating income | - |
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- | 281,357 | ||
2024 | 2023 | ||
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£ | £ | ||
Bad debts | 26 | 1,689 | |
Depreciation of tangible fixed assets |
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Amortisation of intangible fixed assets |
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Loss on disposal of tangible fixed assets | - |
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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 | ||
---|---|---|---|
£ | £ | ||
Bank interest receivable |
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2024 | 2023 | ||
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£ | £ | ||
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 |
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317,021 | 294,337 | ||
The tax charge on the profit for the year was as follows:
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Tax Rate | 2024 | 2023 | |||
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2024 | 2023 | £ | £ | ||
Current tax | |||||
UK Corporation Tax | 25.0% | 19.0% |
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Deferred Tax | |||||
Deferred taxation |
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( |
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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 | 426,157 | 1,252,480 | |||
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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( |
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Indexation allowance on capital gains |
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( |
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Total tax charge for the period | 227,583 | 305,660 | |||
Goodwill | |||
---|---|---|---|
£ | |||
Cost | |||
As at 1 June 2023 |
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As at 31 May 2024 |
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Amortisation | |||
As at 1 June 2023 |
( |
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Provided during the period |
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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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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 | |
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£ | |
Cost | |
As at 1 June 2023 |
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As at 31 May 2024 |
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Provision | |
As at 1 June 2023 |
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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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Name
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Class of shares
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Holding
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Oaklands Group Holdings Ltd
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Ordinary
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100%
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Oaklands International Limited*
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Ordinary
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100%
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Oaklands Plastics Limited*
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Ordinary
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100%
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Oaklands Building Supplies Limited*
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Ordinary
|
100%
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Oaklands Recycling Limited*
|
Ordinary
|
100%
|
2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
Materials |
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Finished goods |
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Group | Company | ||||||
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2024 | 2023 | 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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VAT | - | - |
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Amounts owed by group undertakings | - | - |
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Group | Company | ||||||
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2024 | 2023 | 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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Amounts owed to group undertakings | - | - |
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Group | Company | ||||||
---|---|---|---|---|---|---|---|
2024 | 2023 | 2024 | 2023 | ||||
£ | £ | £ | £ | ||||
Net obligations under finance lease and hire purchase contracts |
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Bank loans |
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Other creditors more than 1 year |
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Group | ||||
---|---|---|---|---|
2024 | 2023 | |||
£ | £ | |||
Amounts falling due within one year or on demand: | ||||
Bank loans |
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Group | ||||
---|---|---|---|---|
2024 | 2023 | |||
£ | £ | |||
Amounts falling due between one and five years: | ||||
Bank loans |
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Group | ||||
---|---|---|---|---|
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 | |
Group | ||
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Deferred Tax | Total | |
£ | £ | |
As at 1 June 2023 |
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69,364 |
Deferred taxation |
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Balance at 31 May 2024 |
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71,538 |
2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
Not later than one year |
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Later than one year and not later than five years |
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Retained earnings
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||
£
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Profit for the period
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946,820
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At 31 May 2023
|
946,820
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Retained earnings
|
||
£
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||
Deficit for the period
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(317,890)
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At 31 May 2023
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(317,890)
|