2024
|
2023
|
||
£
|
£
|
||
Turnover
|
£16,839,489
|
£15,621,458
|
|
Gross profit
|
£3,300,529
|
£3,633,571
|
|
Operating profit
|
£657,647
|
£1,058,623
|
|
Head count
|
45
|
47
|
Director
|
26th February 2025
|
|
||
|
Appointed |
|
|
Appointed |
|
|
Appointed |
|
Director
|
|
for and on behalf of
|
|
2024 | 2023 | |||
---|---|---|---|---|
Notes | £ | £ | ||
TURNOVER | 4 |
|
|
|
Cost of sales |
( |
( |
||
GROSS PROFIT |
|
|
||
Administrative expenses |
( |
( |
||
Other operating income |
|
|
||
OPERATING PROFIT | 6 |
|
|
|
Other interest receivable and similar income | 11 |
|
|
|
Interest payable and similar charges | 12 |
( |
( |
|
PROFIT BEFORE TAXATION |
|
|
||
Tax on Profit | 13 |
( |
( |
|
PROFIT AFTER TAXATION BEING PROFIT FOR THE FINANCIAL YEAR |
|
|
||
2024 | 2023 | |||
---|---|---|---|---|
£ | £ | |||
PROFIT FOR THE FINANCIAL YEAR |
|
|
||
OTHER COMPREHENSIVE INCOME FOR THE YEAR | - | - | ||
TOTAL COMPREHENSIVE INCOME FOR THE YEAR |
|
|
||
2024 | 2023 | ||||
---|---|---|---|---|---|
Notes | £ | £ | £ | £ | |
FIXED ASSETS | |||||
Intangible Assets | 14 |
|
|
||
Tangible Assets | 15 |
|
|
||
|
|
||||
CURRENT ASSETS | |||||
Stocks | 16 |
|
|
||
Debtors | 17 |
|
|
||
Cash at bank and in hand |
|
|
|||
|
|
||||
Creditors: Amounts Falling Due Within One Year | 18 |
( |
( |
||
NET CURRENT ASSETS (LIABILITIES) |
|
|
|||
TOTAL ASSETS LESS CURRENT LIABILITIES |
|
|
|||
Creditors: Amounts Falling Due After More Than One Year | 19 |
( |
( |
||
PROVISIONS FOR LIABILITIES | |||||
Provisions For Charges | 23 |
( |
( |
||
Deferred Taxation | 22 |
( |
( |
||
NET ASSETS |
|
|
|||
CAPITAL AND RESERVES | |||||
Called up share capital | 24 |
|
|
||
Profit and Loss Account |
|
|
|||
SHAREHOLDERS' FUNDS | 4,065,052 | 3,913,911 | |||
Director
|
|
Share Capital | Profit and Loss Account | Total | |
---|---|---|---|
£ | £ | £ | |
As at 1 July 2022 |
|
|
3,342,044 |
Profit for the year and total comprehensive income | - |
|
761,867 |
Dividends paid | - | (190,000) | (190,000) |
As at 30 June 2023 and 1 July 2023 |
|
|
3,913,911 |
Profit for the year and total comprehensive income | - |
|
411,141 |
Dividends paid | - | (260,000) | (260,000) |
As at 30 June 2024 |
|
|
4,065,052 |
2024 | 2023 | |||
---|---|---|---|---|
Notes | £ | £ | ||
Cash flows from operating activities | ||||
Net cash generated from operations | 1 |
|
|
|
Interest paid |
( |
( |
||
Tax paid |
( |
( |
||
Net cash generated from operating activities |
|
|
||
Cash flows from investing activities | ||||
Purchase of intangible assets |
( |
( |
||
Purchase of tangible assets |
( |
( |
||
Interest received |
|
|
||
Net cash used in investing activities |
( |
( |
||
Cash flows from financing activities | ||||
Equity dividends paid |
( |
( |
||
Repayment of bank borrowings |
( |
( |
||
Repayment of finance leases |
( |
|
||
Amount introduced by directors | 260,000 | 387,222 | ||
Amount withdrawn by directors | (448,059) | (395,965) | ||
Net cash used in financing activities |
( |
( |
||
Increase/(decrease) in cash and cash equivalents |
|
( |
||
Cash and cash equivalents at beginning of year | 2 |
|
|
|
Foreign exchange losses on cash and cash equivalents |
( |
( |
||
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 |
( |
( |
|
Amortisation of intangible assets |
|
|
|
Depreciation of tangible assets |
|
|
|
Foreign exchange losses | 22,508 | 12,981 | |
Movements in working capital: | |||
Decrease/(increase) in stocks |
|
( |
|
Increase in trade and other debtors |
( |
( |
|
Increase in trade and other creditors |
|
|
|
Net cash generated from operations |
|
|
|
2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
Cash at bank and in hand |
|
|
|
As at 1 July 2023 | Cash flows | As at 30 June 2024 | |
---|---|---|---|
£ | £ | £ | |
Cash at bank and in hand |
|
500,762 |
|
Finance leases | (193,928) | 38,279 | (155,649) |
Debts falling due within one year |
( |
5,626 |
( |
Debts falling due after more than one year | (281,231) | 209,268 | (71,963) |
163,439 | 753,935 | 917,374 | |
Leasehold |
|
Plant & Machinery |
|
Motor Vehicles |
|
Fixtures & Fittings |
|
2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
United Kingdom |
|
|
|
Europe |
|
|
|
North America |
|
|
|
Rest of the world |
|
|
|
16,839,489 | 15,621,458 | ||
2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
Rental income |
|
|
|
274,371 | 154,949 | ||
2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
Depreciation of tangible fixed assets - owned |
|
|
|
Depreciation of tangible fixed assets - finance leases and hire purchase contracts |
|
|
|
Amortisation of intangible fixed assets |
|
|
|
2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
Audit Services | |||
Audit of the company's financial statements |
|
|
|
Non-Audit Services | |||
Taxation compliance service |
|
|
|
Other non-audit services |
|
|
|
5,550 | 6,150 | ||
2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
Wages and salaries |
|
|
|
Social security costs |
|
|
|
Other pension costs |
|
|
|
|
|
||
2024 | 2023 | ||
---|---|---|---|
Office and administration |
|
|
|
|
|
||
2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
Emoluments |
|
|
|
Company contributions to money purchase pension schemes |
|
|
|
|
|
||
2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
Emoluments |
|
|
|
|
|
||
2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
Bank interest receivable |
|
|
|
10,741 | 3,622 | ||
2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
Bank loans and overdrafts |
|
|
|
61,313 | 86,107 | ||
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% | 20.5% |
|
|
|
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 | 592,420 | 976,138 | |||
Tax on profit at 25% (UK standard rate) |
|
|
|||
Goodwill/depreciation not allowed for tax |
|
|
|||
Expenses not deductible for tax purposes |
|
|
|||
Capital allowances |
( |
( |
|||
Short term timing differences |
|
( |
|||
Difference in tax rates |
|
|
|||
Total tax charge for the period | 181,279 | 214,271 | |||
Other | |||
---|---|---|---|
£ | |||
Cost | |||
As at 1 July 2023 |
|
||
Additions |
|
||
As at 30 June 2024 |
|
||
Amortisation | |||
As at 1 July 2023 |
|
||
Provided during the period |
|
||
As at 30 June 2024 |
|
||
Net Book Value | |||
As at 30 June 2024 |
|
||
As at 1 July 2023 |
|
||
Land & Property | |||||
---|---|---|---|---|---|
Leasehold | Plant & Machinery | Motor Vehicles | Fixtures & Fittings | Total | |
£ | £ | £ | £ | £ | |
Cost | |||||
As at 1 July 2023 |
|
|
|
|
|
Additions |
|
|
|
|
|
As at 30 June 2024 |
|
|
|
|
|
Depreciation | |||||
As at 1 July 2023 |
|
|
|
|
|
Provided during the period |
|
|
|
|
|
As at 30 June 2024 |
|
|
|
|
|
Net Book Value | |||||
As at 30 June 2024 |
|
|
|
|
|
As at 1 July 2023 |
|
|
|
|
|
2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
Plant & Machinery |
|
|
|
Motor Vehicles |
|
|
|
|
|
||
2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
Finished goods for resale |
|
|
|
2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
Due within one year | |||
Trade debtors |
|
|
|
Prepayments and accrued income |
|
|
|
Other debtors |
|
|
|
VAT | - |
|
|
Directors' loan accounts |
|
- | |
|
|
||
2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
Net obligations under finance lease and hire purchase contracts |
|
|
|
Trade creditors |
|
|
|
Bank loans and overdrafts |
|
|
|
Other creditors | 4,348 | 8,892 | |
Corporation tax |
|
|
|
Taxation and social security | 107,500 | 30,743 | |
Accruals and deferred income |
|
|
|
|
|
||
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 |
|
|
|
Later than one year and not later than five years |
|
|
|
|
|
||
|
|
||
2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
Accelerated capital allowances | - |
( |
|
Other timing differences | 61,613 | 59,492 | |
|
|
||
Deferred Tax | Other Provisions | Total | |
---|---|---|---|
£ | £ | £ | |
As at 1 July 2023 |
|
|
179,707 |
Additions |
|
|
6,906 |
Balance at 30 June 2024 |
|
|
186,613 |
2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
Not later than one year |
|
|
|
Later than one year and not later than five years |
|
|
|
Later than five years |
|
|
|
|
|
||
As at 1 July 2023 | Amounts advanced | Amounts repaid | Amounts written off | As at 30 June 2024 | |
---|---|---|---|---|---|
£ | £ | £ | £ | £ | |
Mr David Field |
|
|
|
- |
|
2024 | 2023 | |
---|---|---|
£ | £ | |
Mr David Field | 260,000 | 190,000 |
2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
On equity shares: | |||
Final dividend paid |
|
|
|
260,000 | 190,000 | ||