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Financial Statements |
Contents |
Page |
Strategic report |
1 |
Directors' report |
4 |
Independent auditor's report to the members |
6 |
Statement of comprehensive income |
11 |
Statement of financial position |
12 |
Statement of changes in equity |
13 |
Statement of cash flows |
14 |
Notes to the financial statements |
15 |
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Strategic Report |
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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 |
Suite 1, First floor |
1 Duchess Street |
London |
W1W 6AN |
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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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------------- |
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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 |
10 |
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Interest payable and similar expenses |
11 |
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Profit before taxation |
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Tax on profit |
12 |
– |
(
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--------- |
--------- |
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Profit for the financial year and total comprehensive income |
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--------- |
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Statement of Financial Position |
2024 |
2023 |
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Note |
£ |
£ |
Tangible assets |
14 |
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Investments |
15 |
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Stocks |
16 |
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Debtors |
17 |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
18 |
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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 |
19 |
– |
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Net assets |
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Called up share capital |
24 |
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Profit and loss account |
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Shareholders funds |
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Director |
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Statement of Changes in Equity |
Called up share capital |
Profit and loss account |
Total |
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£ |
£ |
£ |
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At 1 April 2022 |
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Profit for the year |
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-------- |
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Total comprehensive income for the year |
– |
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At 31 March 2023 |
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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 |
13 |
– |
(
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(
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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 March 2024 |
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-------- |
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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 |
(
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(
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Interest payable and similar expenses |
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Tax on profit |
– |
(
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Accrued income |
(
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– |
Changes in: |
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Stocks |
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(
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Trade and other debtors |
(
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Trade and other creditors |
(
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(
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------------ |
------------ |
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Cash generated from operations |
(
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(
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Interest paid |
(
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(
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Interest received |
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Tax (paid)/received |
(
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------------ |
--------- |
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Net cash used in operating activities |
(
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(
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------------ |
--------- |
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Purchase of tangible assets |
(
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– |
------------ |
--------- |
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Net cash used in investing activities |
(
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– |
------------ |
--------- |
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Proceeds from borrowings |
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– |
Proceeds from loans from group undertakings |
(
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(
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Proceeds from loans from participating interests |
(
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– |
Payments of finance lease liabilities |
(
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Dividends paid |
(
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– |
------------ |
--------- |
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Net cash used in financing activities |
(
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(
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------------ |
--------- |
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Net decrease in cash and cash equivalents |
(
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(
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Cash and cash equivalents at beginning of year |
3,024,600 |
3,426,337 |
------------ |
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Cash and cash equivalents at end of year |
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Notes to the Financial Statements |
Short leasehold property |
- |
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Plant and machinery |
- |
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Fixtures and fittings |
- |
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Motor vehicles |
- |
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2024 |
2023 |
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£ |
£ |
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Sale of goods |
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------------- |
------------- |
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2024 |
2023 |
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£ |
£ |
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Commission receivable |
– |
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Management charges receivable |
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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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Impairment of trade debtors |
17,604 |
– |
-------- |
-------- |
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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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Staff |
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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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------------ |
------------ |
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2024 |
2023 |
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£ |
£ |
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Remuneration |
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--------- |
--------- |
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2024 |
2023 |
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£ |
£ |
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Aggregate remuneration |
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--------- |
--------- |
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2024 |
2023 |
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£ |
£ |
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Interest on loans and receivables |
21,965 |
– |
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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Other interest payable and similar charges |
– |
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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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Origination and reversal of timing differences |
– |
(
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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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--------- |
--------- |
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Profit on ordinary activities by rate of tax |
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Effect of expenses not deductible for tax purposes |
(
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(
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Effect of capital allowances and depreciation |
– |
(
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Deferred tax adjustment |
– |
(
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Loss surrender from group companies |
(
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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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Dividends paid during the year (excluding those for which a liability existed at the end of the prior year ) |
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– |
------- |
---- |
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Short leasehold property |
Plant and machinery |
Fixtures and fittings |
Motor vehicles |
Total |
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£ |
£ |
£ |
£ |
£ |
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Cost |
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At 1 April 2023 |
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Additions |
– |
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– |
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--------- |
--------- |
--------- |
--------- |
------------ |
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At 31 March 2024 |
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--------- |
--------- |
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Depreciation |
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At 1 April 2023 |
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Charge for the year |
– |
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--------- |
--------- |
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------------ |
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At 31 March 2024 |
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--------- |
--------- |
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--------- |
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Carrying amount |
|||||
At 31 March 2024 |
– |
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--------- |
--------- |
--------- |
--------- |
------------ |
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At 31 March 2023 |
– |
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--------- |
--------- |
--------- |
--------- |
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Shares in participating interests |
|
£ |
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Cost |
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At 1 April 2023 and 31 March 2024 |
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---- |
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Impairment |
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At 1 April 2023 and 31 March 2024 |
– |
---- |
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Carrying amount |
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At 31 March 2024 |
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---- |
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At 31 March 2023 |
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---- |
|
2024 |
2023 |
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£ |
£ |
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Raw materials and consumables |
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--------- |
------------ |
|
2024 |
2023 |
|
£ |
£ |
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Trade debtors |
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Amounts owed by group undertakings |
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Amounts owed by undertakings in which the company has a participating interest |
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Amounts owed by customers on construction contracts |
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Deferred tax asset |
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Prepayments and accrued income |
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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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Amounts owed to group undertakings |
– |
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Amounts owed to undertakings in which the company has a participating interest |
– |
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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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Director loan accounts |
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Other creditors |
34,192
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232,047
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------------ |
------------ |
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------------ |
------------ |
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2024 |
2023 |
|
£ |
£ |
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Obligations under finance leases and hire purchase contracts |
– |
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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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------- |
-------- |
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2024 |
2023 |
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£ |
£ |
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Included in debtors (note 17) |
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-------- |
-------- |
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2024 |
2023 |
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No. |
£ |
No. |
£ |
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50,000 |
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50,000 |
-------- |
-------- |
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-------- |
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At 1 Apr 2023 |
Cash flows |
At 31 Mar 2024 |
|
£ |
£ |
£ |
|
Cash at bank and in hand |
|
(1,869,038) |
|
Debt due within one year |
(751,903) |
742,310 |
(9,593) |
Debt due after one year |
(14,018) |
14,018 |
– |
------------ |
------------ |
------------ |
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(
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------------ |
------------ |
------------ |
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