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Financial Statements |
Contents |
Page |
Strategic report |
1 |
Directors' report |
3 |
Independent auditor's report to the members |
5 |
Statement of income and retained earnings |
9 |
Statement of financial position |
10 |
Statement of cash flows |
11 |
Notes to the financial statements |
12 |
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Strategic Report |
2024 | 2023 | ||
Turnover | 13,815,257 | 12,058,913 | |
Gross profit % | 32 | 34 | |
EBT | 1,669,823 | 1,569,593 | |
Net assets | 2,105,386 | 1,751,082 | |
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Director |
Registered office: |
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Directors' Report |
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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 |
Lyndhurst |
1-3 Cranmer Street |
Long Eaton |
Nottingham |
NG10 1NJ |
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Statement of Income and Retained Earnings |
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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Distribution costs |
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Administrative expenses |
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Other operating income |
5 |
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Operating profit |
6 |
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Other interest receivable and similar income |
9 |
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Interest payable and similar expenses |
10 |
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Profit before taxation |
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Tax on profit |
11 |
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Profit for the financial year and total comprehensive income |
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Dividends paid and payable |
12 |
(
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(
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Retained earnings at the start of the year |
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Retained earnings at the end of the year |
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Statement of Financial Position |
2024 |
2023 |
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Note |
£ |
£ |
£ |
Tangible assets |
13 |
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Stocks |
14 |
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Debtors |
15 |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
16 |
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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 |
17 |
– |
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Provisions |
18 |
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Net assets |
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Called up share capital |
21 |
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Profit and loss account |
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Shareholders funds |
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Director |
Director |
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Statement of Cash Flows |
2024 |
2023 |
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£ |
£ |
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Profit for the financial year |
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Adjustments for: |
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Depreciation of tangible assets |
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Other interest receivable and similar income |
(25,321) |
(7,990) |
Interest payable and similar expenses |
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Loss/(gains) on disposal of tangible assets |
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(
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Tax on profit |
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Accrued expenses/(income) |
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(
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Changes in: |
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Stocks |
(
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Trade and other debtors |
(
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Trade and other creditors |
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(
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Cash generated from operations |
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Interest paid |
(
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(
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Interest received |
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Tax paid |
(
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(
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Net cash from operating activities |
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Purchase of tangible assets |
(
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(
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Proceeds from sale of tangible assets |
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Net cash used in investing activities |
(
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(
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------------ |
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Proceeds from borrowings |
(
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(
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Dividends paid |
(
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(
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------------ |
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Net cash used in financing activities |
(
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(
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Net (decrease)/increase in cash and cash equivalents |
(
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Cash and cash equivalents at beginning of year |
1,097,133 |
468,993 |
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Cash and cash equivalents at end of year |
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Notes to the Financial Statements |
Plant & machinery |
- |
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Fixtures, fittings & equipment |
- |
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Motor vehicles |
- |
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Computer equipment |
- |
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2024 |
2023 |
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£ |
£ |
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Rendering of services |
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------------- |
------------- |
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2024 |
2023 |
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£ |
£ |
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Waste disposal sales |
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Other operating income |
– |
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-------- |
-------- |
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-------- |
-------- |
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2024 |
2023 |
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£ |
£ |
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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 |
– |
9,288 |
Foreign exchange differences |
(
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– |
-------- |
-------- |
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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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No. |
No. |
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Production staff |
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Administrative staff |
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Management staff |
4 |
4 |
---- |
---- |
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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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------------ |
------------ |
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2024 |
2023 |
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£ |
£ |
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Interest on loans and receivables |
3,382 |
– |
Interest on bank deposits |
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-------- |
------- |
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-------- |
------- |
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2024 |
2023 |
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£ |
£ |
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Interest on banks loans and overdrafts |
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Interest on 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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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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--------- |
--------- |
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Origination and reversal of timing differences |
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(
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--------- |
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Tax on profit |
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--------- |
--------- |
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2024 |
2023 |
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£ |
£ |
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Profit on ordinary activities before taxation |
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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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– |
Effect of expenses not deductible for tax purposes |
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Effect of capital allowances and depreciation |
– |
(
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Rounding on tax charge |
– |
53 |
Group relief |
(
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(
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Chargeable gains |
– |
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Tax on profit |
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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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Plant and machinery |
Fixtures and fittings |
Motor vehicles |
Computer equipment |
Total |
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£ |
£ |
£ |
£ |
£ |
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Cost |
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At 1 October 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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At 30 September 2024 |
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Depreciation |
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At 1 October 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 30 September 2024 |
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--------- |
-------- |
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Carrying amount |
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At 30 September 2024 |
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--------- |
-------- |
-------- |
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------------ |
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At 30 September 2023 |
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-------- |
-------- |
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2024 |
2023 |
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£ |
£ |
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Raw materials and consumables |
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Work in progress |
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--------- |
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--------- |
--------- |
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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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Directors loan account |
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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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Bank loans and overdrafts |
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Trade creditors |
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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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Other creditors |
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------------ |
------------ |
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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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---- |
-------- |
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Deferred tax (note 19) |
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£ |
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At 1 October 2023 |
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Additions |
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At 30 September 2024 |
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2024 |
2023 |
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£ |
£ |
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Included in provisions (note 18) |
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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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2 |
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2 |
---- |
---- |
---- |
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At 1 Oct 2023 |
Cash flows |
At 30 Sep 2024 |
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£ |
£ |
£ |
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Cash at bank and in hand |
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(86,141) |
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Debt due within one year |
(146,143) |
114,300 |
(31,843) |
Debt due after one year |
(31,843) |
31,843 |
– |
------------ |
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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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2024 |
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Balance brought forward |
Advances/ (credits) to the directors |
Balance outstanding |
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£ |
£ |
£ |
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– |
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-------- |
-------- |
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2023 |
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Balance brought forward |
Advances/ (credits) to the directors |
Balance outstanding |
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£ |
£ |
£ |
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– |
– |
– |
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– |
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---- |
-------- |
-------- |
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– |
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---- |
-------- |
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Notes to the Financial Statements (continued) |
Transaction value |
Balance owed by/(owed to) |
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2024 |
2023 |
2024 |
2023 |
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£ |
£ |
£ |
£ |
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48 |
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--------- |
--------- |
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