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FINANCIAL STATEMENTS |
CONTENTS |
PAGES |
Officers and professional advisers |
1 |
Strategic report |
2 to 4 |
Directors' report |
5 to 6 |
Independent auditor's report to the members |
7 to 10 |
Statement of comprehensive income |
11 |
Statement of financial position |
12 |
Statement of changes in equity |
13 |
Notes to the financial statements |
14 to 23 |
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OFFICERS AND PROFESSIONAL ADVISERS |
THE BOARD OF DIRECTORS |
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COMPANY SECRETARY |
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REGISTERED OFFICE |
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AUDITOR |
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Chartered Accountants & statutory auditor |
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Headlands House |
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1 Kings Court |
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Kettering Parkway |
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Kettering |
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NN15 6WJ |
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STRATEGIC REPORT |
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Director |
Registered office: |
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DIRECTORS' REPORT |
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Mr J J P Lincoln
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Mrs C E Slater
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(Resigned
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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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Chartered Accountants & statutory auditor |
Headlands House |
1 Kings Court |
Kettering Parkway |
Kettering |
NN15 6WJ |
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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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Other operating income |
5 |
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– |
Group reconstruction costs |
– |
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OPERATING (LOSS)/PROFIT |
6 |
(
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Interest payable and similar expenses |
10 |
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– |
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(LOSS)/PROFIT BEFORE TAXATION |
(
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Tax on (loss)/profit |
11 |
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(LOSS)/PROFIT FOR THE FINANCIAL YEAR |
(
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Repurchase and cancellation of share capital |
(117,500)
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– |
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TOTAL COMPREHENSIVE INCOME FOR THE YEAR |
(
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STATEMENT OF FINANCIAL POSITION |
2024 |
2023 |
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Note |
£ |
£ |
£ |
Intangible assets |
13 |
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Tangible assets |
14 |
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Investments |
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 |
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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 |
20 |
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NET ASSETS |
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Called up share capital fully paid |
23 |
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Share premium account |
24 |
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Profit and loss account |
24 |
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SHAREHOLDERS FUNDS |
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Director |
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STATEMENT OF CHANGES IN EQUITY |
Called up share capital fully paid |
Share premium account |
Profit and loss account |
Total |
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£ |
£ |
£ |
£ |
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AT 1 JUNE 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 |
12 |
– |
– |
(
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(
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TOTAL INVESTMENTS BY AND DISTRIBUTIONS TO OWNERS |
– |
– |
(
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(
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AT 31 MAY 2023 |
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Loss for the year |
(
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(
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Other comprehensive income for the year: |
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Repurchase and cancellation of share capital |
(110)
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(1,516)
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(115,874)
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(117,500)
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TOTAL COMPREHENSIVE INCOME FOR THE YEAR |
(
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(
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(
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(
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Dividends paid and payable |
12 |
– |
– |
(
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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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AT 31 MAY 2024 |
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NOTES TO THE FINANCIAL STATEMENTS |
Goodwill | - |
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Short Leasehold Property | - |
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Training & Safety Equipment | - |
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Fixtures & Fittings | - |
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Motor Vehicles | - |
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Equipment | - |
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2024 |
2023 |
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£ |
£ |
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Sale of goods |
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2024 |
2023 |
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£ |
£ |
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Management charges receivable |
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– |
-------- |
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2024 |
2023 |
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£ |
£ |
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Amortisation of intangible assets |
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Depreciation of tangible assets |
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Loss/(gains) on disposal of tangible assets |
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(
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Impairment of trade debtors |
233,636 |
37,514 |
--------- |
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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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£ |
£ |
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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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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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2024 |
2023 |
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No. |
No. |
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Defined contribution plans |
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2024 |
2023 |
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£ |
£ |
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Bank interest payable |
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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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Total current tax |
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Origination and reversal of timing differences |
(
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-------- |
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Tax on (loss)/profit |
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-------- |
-------- |
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2024 |
2023 |
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£ |
£ |
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(Loss)/profit on ordinary activities before taxation |
(
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-------- |
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(Loss)/profit on ordinary activities by rate of tax |
(
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Adjustment to tax charge in respect of prior periods |
(
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(
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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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Other movements |
– |
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-------- |
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Tax on (loss)/profit |
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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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Goodwill |
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£ |
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Cost |
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At 1 June 2023 and 31 May 2024 |
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Amortisation |
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At 1 June 2023 |
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Charge for the year |
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At 31 May 2024 |
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Carrying amount |
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At 31 May 2024 |
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At 31 May 2023 |
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Short Leasehold Property |
Training & Safety Equipment |
Fixtures & Fittings |
Motor Vehicles |
Equipment |
Total |
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£ |
£ |
£ |
£ |
£ |
£ |
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Cost |
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At 1 Jun 2023 |
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Additions |
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Disposals |
– |
– |
(
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(
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(
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(
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--------- |
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At 31 May 2024 |
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Depreciation |
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At 1 Jun 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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(
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--------- |
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At 31 May 2024 |
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Carrying amount |
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At 31 May 2024 |
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At 31 May 2023 |
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Shares in group undertakings |
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£ |
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Cost |
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At 1 June 2023 and 31 May 2024 |
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Impairment |
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At 1 June 2023 and 31 May 2024 |
– |
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Carrying amount |
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At 31 May 2024 |
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At 31 May 2023 |
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2024 |
2023 |
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£ |
£ |
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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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Corporation tax repayable |
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– |
Other debtors |
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------------ |
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------------ |
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2024 |
2023 |
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£ |
£ |
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Amounts owed by group undertakings |
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– |
-------- |
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2024 |
2023 |
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£ |
£ |
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Bank loans and overdrafts |
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Trade creditors |
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Amounts owed to group undertakings |
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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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Other creditors |
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------------ |
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2024 |
2023 |
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£ |
£ |
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Bank loans and overdrafts |
– |
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Obligations under finance leases and hire purchase contracts |
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------- |
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------- |
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2024 |
2023 |
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£ |
£ |
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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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Deferred tax (note 21) |
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£ |
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At 1 June 2023 |
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Charge against provision |
(
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--------- |
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At 31 May 2024 |
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2024 |
2023 |
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£ |
£ |
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Included in provisions (note 20) |
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--------- |
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2024 |
2023 |
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£ |
£ |
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Accelerated capital allowances |
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--------- |
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2024 |
2023 |
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No. |
£ |
No. |
£ |
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4,300 |
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4,300 |
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– |
– |
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110 |
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90 |
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90 |
--------- |
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------- |
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--------- |
------- |
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2024 |
2023 |
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£ |
£ |
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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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Later than 5 years |
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--------- |
--------- |
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