Financial KPIs
|
Unit
|
2024
|
2023
|
Turnover
|
£
|
31,258,743
|
22,805,465
|
Turnover growth
|
%
|
37
|
(40)
|
Gross profit margin
|
%
|
11
|
11
|
Profit pre tax
|
£
|
2,832,785
|
1,757,290
|
Director
|
27th February 2025
|
|
|
|
Director
|
|
for and on behalf of
|
|
2024 | 2023 | |||
---|---|---|---|---|
Notes | £ | £ | ||
TURNOVER | 3 |
|
|
|
Cost of sales |
( |
( |
||
GROSS PROFIT |
|
|
||
Administrative expenses |
( |
( |
||
Other operating income |
( |
( |
||
OPERATING PROFIT | 5 |
|
|
|
Fair value gains on investment properties |
|
|
||
Profit on disposal of fixed assets |
|
|
||
Other interest receivable and similar income | 10 |
|
|
|
Interest payable and similar charges | 11 |
( |
( |
|
PROFIT BEFORE TAXATION |
|
|
||
Tax on Profit | 12 |
( |
( |
|
PROFIT AFTER TAXATION BEING PROFIT FOR THE FINANCIAL YEAR |
|
|
||
RETAINED EARNINGS | ||||
As at 1 June 2023 |
|
|
||
Dividends paid | (1,907,925) | (2,038,000) | ||
As at 31 May 2024 |
|
|
||
2024 | 2023 | ||||
---|---|---|---|---|---|
Notes | £ | £ | £ | £ | |
FIXED ASSETS | |||||
Tangible Assets | 13 |
|
|
||
Investment Properties | 14 |
|
|
||
Investments | 15 |
|
|
||
|
|
||||
CURRENT ASSETS | |||||
Debtors | 16 |
|
|
||
Cash at bank and in hand |
|
|
|||
|
|
||||
Creditors: Amounts Falling Due Within One Year | 17 |
( |
( |
||
NET CURRENT ASSETS (LIABILITIES) |
|
|
|||
TOTAL ASSETS LESS CURRENT LIABILITIES |
|
|
|||
Creditors: Amounts Falling Due After More Than One Year | 18 |
( |
( |
||
PROVISIONS FOR LIABILITIES | |||||
Deferred Taxation | 21 |
( |
( |
||
NET ASSETS |
|
|
|||
CAPITAL AND RESERVES | |||||
Called up share capital | 23 |
|
|
||
Profit and Loss Account |
|
|
|||
SHAREHOLDERS' FUNDS | 4,854,760 | 4,662,136 | |||
Director
|
|
2024 | 2023 | |||
---|---|---|---|---|
Notes | £ | £ | ||
Cash flows from operating activities | ||||
Net cash generated from operations | 1 |
|
|
|
Interest paid |
( |
( |
||
Tax paid |
( |
( |
||
Net cash (used in)/generated from operating activities |
( |
|
||
Cash flows from investing activities | ||||
Purchase of tangible assets |
( |
|
||
Proceeds from disposal of tangible assets |
|
|
||
Interest received |
|
|
||
Net cash generated from investing activities |
|
|
||
Cash flows from financing activities | ||||
Equity dividends paid |
( |
( |
||
Proceeds from new bank borrowings |
|
|
||
Repayment of other loans | - | (5,030,743) | ||
Repayment of finance leases |
( |
( |
||
Amount introduced by directors | - | 377 | ||
Amount withdrawn by directors | (926) | - | ||
Net cash used in financing activities |
( |
( |
||
Decrease in cash and cash equivalents |
( |
( |
||
Cash and cash equivalents at beginning of year | 2 |
|
|
|
Cash and cash equivalents at end of year | 2 |
|
|
|
2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
Profit for the financial year |
|
|
|
Adjustments for: | |||
Tax on profit |
|
|
|
Interest expense |
|
|
|
Interest income |
( |
( |
|
Depreciation of tangible assets |
|
|
|
Profit on disposal of tangible assets | (44,907) | - | |
Net fair value gains recognised in profit or loss | (205,620) | (102,850) | |
Foreign exchange gains | - | (314) | |
Movements in working capital: | |||
(Increase)/decrease in trade and other debtors |
( |
|
|
Increase in trade and other creditors |
|
|
|
Net cash generated from operations |
|
|
|
2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
Cash at bank and in hand |
|
|
|
Overdraft facilities repayable on demand |
( |
( |
|
Cash and cash equivalents as stated in the Statement of Cash Flows | 6,405,712 | 6,425,502 | |
As at 1 June 2023 | Cash flows | As at 31 May 2024 | |
---|---|---|---|
£ | £ | £ | |
Cash at bank and in hand |
|
196,365 |
|
Overdraft facilities repayable on demand | (68,887) | (216,155) | (285,042) |
Cash and cash equivalents |
|
(19,790) |
|
Finance leases | (8,555) | 8,555 | - |
Debts falling due within one year |
( |
(1,883,185) |
( |
Debts falling due after more than one year | (324,463) | 223,025 | (101,438) |
2,010,936 | (1,671,395) | 339,541 | |
Leasehold |
|
Plant & Machinery |
|
Motor Vehicles |
|
Fixtures & Fittings |
|
2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
Sales | 31,258,743 | 22,805,465 | |
2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
Rental income |
( |
( |
|
(14,004) | (37,571) | ||
2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
Depreciation of tangible fixed assets |
|
|
|
2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
Audit Services | |||
Audit of the company's financial statements |
|
|
|
2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
Wages and salaries |
|
|
|
Social security costs |
|
|
|
Other pension costs |
|
|
|
|
|
||
2024 | 2023 | ||
---|---|---|---|
Office and administration |
|
|
|
Other departments |
|
|
|
|
|
||
2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
Emoluments |
|
|
|
2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
Bank interest receivable |
|
|
|
Other interest receivable | 5,667 | - | |
241,340 | 81,327 | ||
2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
Bank loans and overdrafts |
|
|
|
Finance charges payable under finance leases and hire purchase contracts | 1,032 | 1,615 | |
Other finance charges | - |
|
|
385,043 | 234,390 | ||
The tax charge on the profit for the year was as follows:
|
|||||
Tax Rate | 2024 | 2023 | |||
---|---|---|---|---|---|
2024 | 2023 | £ | £ | ||
Current tax | |||||
UK Corporation Tax | 25.0% | 25.0% |
|
|
|
Deferred Tax | |||||
Deferred taxation |
|
|
|||
Total tax charge for the period |
|
|
|||
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:
|
|||||
2024 | 2023 | ||||
£ | £ | ||||
Profit before tax | 2,832,785 | 1,757,291 | |||
Tax on profit at 25% (UK standard rate) |
|
|
|||
Goodwill/depreciation not allowed for tax |
( |
|
|||
Expenses not deductible for tax purposes |
|
|
|||
Tax losses utilised |
|
( |
|||
Capital allowances |
|
|
|||
Deferred tax relating to changes in tax rates or laws |
|
|
|||
Changes in tax provisions due to legislation |
( |
( |
|||
Current tax from unrecognised tax loss or credit |
( |
|
|||
Total tax charge for the period | 732,236 | 363,238 | |||
Land & Property | |||||
---|---|---|---|---|---|
Leasehold | Plant & Machinery | Motor Vehicles | Fixtures & Fittings | Total | |
£ | £ | £ | £ | £ | |
Cost or Valuation | |||||
As at 1 June 2023 |
|
|
|
|
|
Additions |
|
|
|
|
|
Disposals |
|
|
( |
|
( |
As at 31 May 2024 |
|
|
|
|
|
Depreciation | |||||
As at 1 June 2023 |
|
|
|
|
|
Provided during the period |
|
|
|
|
|
Disposals |
|
|
( |
|
( |
As at 31 May 2024 |
|
|
|
|
|
Net Book Value | |||||
As at 31 May 2024 |
|
|
|
|
|
As at 1 June 2023 |
|
|
|
|
|
2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
Fixtures & Fittings | - |
|
|
2024 | |
---|---|
£ | |
Fair Value | |
As at 1 June 2023 |
|
Disposals |
( |
Fair value adjustments |
|
As at 31 May 2024 |
|
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 |
---|---|---|---|---|
|
55 Hoghton Street, Southport, PR9 0PG |
|
|
- |
Capital and Reserves | Profit/(loss) | |
---|---|---|
£ | £ | |
SES House Holdings Limited |
|
|
2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
Due within one year | |||
Trade debtors |
|
|
|
Other debtors | 39,118 | 98,039 | |
|
|
||
2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
Net obligations under finance lease and hire purchase contracts | - |
|
|
Trade creditors |
|
|
|
Bank loans and overdrafts |
|
|
|
Other creditors | 39,721 | 107,819 | |
Corporation tax |
|
|
|
Taxation and social security | 260,374 | 330,784 | |
Accruals and deferred income |
|
|
|
|
|
||
2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
Bank loans |
|
|
|
2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
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 | ||
---|---|---|---|
£ | £ | ||
Amounts falling due after more than five years: | |||
Bank loans | - |
|
|
2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
The future minimum finance lease payments are as follows: | |||
Not later than one year | - |
|
|
2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
Accelerated capital allowances |
|
|
|
Revaluation of investment properties |
|
|
|
Other timing differences | 87,472 | 65,960 | |
|
|
||
Deferred Tax | Total | |
---|---|---|
£ | £ | |
As at 1 June 2023 |
|
87,472 |
Additions |
|
80,243 |
Balance at 31 May 2024 |
|
167,715 |
2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
Not later than one year |
|
|
|
Later than one year and not later than five years |
|
|
|
|
|
||
2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
On equity shares: | |||
Interim dividend paid |
|
|
|