2024
|
2023
|
||
£
|
£
|
||
Turnover
|
1,17.1566
|
441,899
|
|
Gross profit
|
142,949
|
154,413
|
|
Gross profit margin %
|
12.20
|
34.94
|
|
Operating profit/(loss)
|
39,266
|
(116,562)
|
|
Profit/loss before tax
|
38,300
|
(113,182)
|
|
Profit/loss after tax
|
38,978
|
(112,283)
|
|
Debtors days
|
65
|
49
|
|
Creditor days
|
145
|
248
|
Director
|
19 March 2025
|
|
|
Director
|
|
for and on behalf of
|
|
Chartered Accountants and Statutory Auditors
41 Knowsley Street
Bury
BL9 0ST
|
27 March 2024 | 29 March 2023 | |||
---|---|---|---|---|
Notes | £ | £ | ||
TURNOVER | 4 |
|
|
|
Cost of sales |
( |
( |
||
GROSS PROFIT |
|
|
||
Administrative expenses |
( |
( |
||
OPERATING PROFIT/(LOSS) | 5 |
|
( |
|
Profit on disposal of fixed assets |
|
|
||
Interest payable and similar charges | 10 |
( |
( |
|
PROFIT/(LOSS) BEFORE TAXATION |
|
( |
||
Tax on Profit/(loss) | 11 |
|
|
|
PROFIT/(LOSS) AFTER TAXATION BEING PROFIT/(LOSS) FOR THE FINANCIAL PERIOD |
|
( |
||
27 March 2024 | 29 March 2023 | |||
---|---|---|---|---|
£ | £ | |||
PROFIT FOR THE FINANCIAL PERIOD |
|
( |
||
OTHER COMPREHENSIVE INCOME FOR THE PERIOD | - | - | ||
TOTAL COMPREHENSIVE INCOME FOR THE PERIOD |
|
( |
||
27 March 2024 | 29 March 2023 | ||||
---|---|---|---|---|---|
Notes | £ | £ | £ | £ | |
FIXED ASSETS | |||||
Tangible Assets | 12 |
|
|
||
|
|
||||
CURRENT ASSETS | |||||
Stocks | 13 |
|
|
||
Debtors | 14 |
|
|
||
Cash at bank and in hand |
|
|
|||
|
|
||||
Creditors: Amounts Falling Due Within One Year | 15 |
( |
( |
||
NET CURRENT ASSETS (LIABILITIES) |
|
|
|||
TOTAL ASSETS LESS CURRENT LIABILITIES |
|
|
|||
Creditors: Amounts Falling Due After More Than One Year | 16 |
( |
( |
||
PROVISIONS FOR LIABILITIES | |||||
Deferred Taxation | 18 |
( |
( |
||
NET ASSETS |
|
|
|||
CAPITAL AND RESERVES | |||||
Called up share capital | 19 |
|
|
||
Profit and Loss Account |
( |
( |
|||
SHAREHOLDERS' FUNDS | 48,847 | 9,869 | |||
Director
|
|
Share Capital | Profit and Loss Account | Total | |
---|---|---|---|
£ | £ | £ | |
As at 1 April 2022 |
|
|
122,152 |
Loss for the period and total comprehensive income | - |
( |
(112,283) |
As at 29 March 2023 and 30 March 2023 |
|
( |
9,869 |
Profit for the period and total comprehensive income | - |
|
38,978 |
As at 27 March 2024 |
|
( |
48,847 |
27 March 2024 | 29 March 2023 | |||
---|---|---|---|---|
Notes | £ | £ | ||
Cash flows from operating activities | ||||
Net cash generated from/(used in) operations | 1 |
|
( |
|
Interest paid |
( |
( |
||
Tax paid |
|
( |
||
Net cash generated from/(used in) operating activities |
|
( |
||
Cash flows from investing activities | ||||
Purchase of tangible assets |
( |
( |
||
Proceeds from disposal of tangible assets |
|
|
||
Net cash (used in)/generated from investing activities |
( |
|
||
Cash flows from financing activities | ||||
Repayment of bank borrowings |
( |
( |
||
Proceeds from new debenture loans | 15,000 | - | ||
Repayment of debenture loans | - | (70,000) | ||
Net cash generated from/(used in) financing activities |
|
( |
||
Increase/(decrease) in cash and cash equivalents |
|
( |
||
Cash and cash equivalents at beginning of period | 2 |
|
|
|
Cash and cash equivalents at end of period | 2 |
|
|
|
27 March 2024 | 29 March 2023 | ||
---|---|---|---|
£ | £ | ||
Profit/(loss) for the financial period |
|
( |
|
Adjustments for: | |||
Tax on profit/(loss) |
( |
( |
|
Interest expense |
|
|
|
Depreciation of tangible assets |
|
|
|
Profit on disposal of tangible assets | - | (4,535) | |
Movements in working capital: | |||
Increase in stocks |
( |
( |
|
Decrease/(increase) in trade and other debtors |
|
( |
|
(Decrease)/increase in trade and other creditors |
( |
|
|
Net cash generated from/(used in) operations |
|
( |
|
27 March 2024 | 29 March 2023 | ||
---|---|---|---|
£ | £ | ||
Cash at bank and in hand |
|
|
|
As at 30 March 2023 | Cash flows | As at 27 March 2024 | |
---|---|---|---|
£ | £ | £ | |
Cash at bank and in hand |
|
27,824 |
|
Debts falling due within one year |
( |
- |
( |
Debts falling due after more than one year | (341,623) | (5,000) | (346,623) |
(295,379) | 22,824 | (272,555) | |
Plant & Machinery |
|
Motor Vehicles |
|
Computer Equipment |
|
27 March 2024 | 29 March 2023 | ||
---|---|---|---|
£ | £ | ||
Bad debts | - | 125,266 | |
Operating lease rentals |
|
|
|
Depreciation of tangible fixed assets |
|
|
|
27 March 2024 | 29 March 2023 | ||
---|---|---|---|
£ | £ | ||
Audit Services | |||
Audit of the company's financial statements |
|
|
|
27 March 2024 | 29 March 2023 | ||
---|---|---|---|
£ | £ | ||
Wages and salaries |
|
|
|
Social security costs |
|
|
|
Other pension costs |
|
|
|
|
|
||
27 March 2024 | 29 March 2023 | ||
---|---|---|---|
£ | £ | ||
Amounts paid to third parties in respect of directors' services |
|
|
|
27 March 2024 | 29 March 2023 | ||
---|---|---|---|
£ | £ | ||
Bank loans and overdrafts |
|
|
|
Late payment tax charges |
|
|
|
966 | 1,155 | ||
The tax credit on the profit/(loss) for the period was as follows:
|
|||||
Tax Rate | 27 March 2024 | 29 March 2023 | |||
---|---|---|---|---|---|
27 March 2024 | 29 March 2023 | £ | £ | ||
Current tax | |||||
UK Corporation Tax | 19.0% | 19.0% |
|
|
|
Deferred Tax | |||||
Deferred taxation |
( |
( |
|||
Total tax charge for the period |
( |
( |
|||
The actual credit for the period can be reconciled to the expected charge/(credit) for the period based on the profit/(loss) and the standard rate of corporation tax as follows:
|
|||||
27 March 2024 | 29 March 2023 | ||||
£ | £ | ||||
Profit before tax | 38,300 | (113,182) | |||
Tax on profit at 19% (UK standard rate) |
|
|
|||
Goodwill/depreciation not allowed for tax |
|
|
|||
Capital allowances |
( |
|
|||
Deferred tax from unrecognised tax loss or credit |
( |
( |
|||
Tax losses unutilised carried forward |
( |
|
|||
Total tax charge for the period | (678) | (899) | |||
Plant & Machinery | Motor Vehicles | Computer Equipment | Total | |
---|---|---|---|---|
£ | £ | £ | £ | |
Cost | ||||
As at 30 March 2023 |
|
|
|
|
Additions |
|
|
|
|
As at 27 March 2024 |
|
|
|
|
Depreciation | ||||
As at 30 March 2023 |
|
|
|
|
Provided during the period |
|
|
|
|
As at 27 March 2024 |
|
|
|
|
Net Book Value | ||||
As at 27 March 2024 |
|
|
|
|
As at 30 March 2023 |
|
|
|
|
27 March 2024 | 29 March 2023 | ||
---|---|---|---|
£ | £ | ||
Work in progress |
|
|
|
27 March 2024 | 29 March 2023 | ||
---|---|---|---|
£ | £ | ||
Due within one year | |||
Trade debtors |
|
|
|
Amounts recoverable on contracts |
|
|
|
Other debtors | 19,555 | 390,163 | |
|
|
||
27 March 2024 | 29 March 2023 | ||
---|---|---|---|
£ | £ | ||
Trade creditors |
|
|
|
Bank loans and overdrafts |
|
|
|
Other creditors | 11,915 | 14,003 | |
Corporation tax |
|
|
|
Taxation and social security | 33,584 | 313,556 | |
Accruals and deferred income |
|
|
|
|
|
||
27 March 2024 | 29 March 2023 | ||
---|---|---|---|
£ | £ | ||
Bank loans |
|
|
|
Debentures |
|
|
|
|
|
||
27 March 2024 | 29 March 2023 | ||
---|---|---|---|
£ | £ | ||
Debentures |
|
|
27 March 2024 | 29 March 2023 | ||
---|---|---|---|
£ | £ | ||
Debentures | 329,957 | 314,957 |
27 March 2024 | 29 March 2023 | ||
---|---|---|---|
£ | £ | ||
Amounts falling due within one year or on demand: | |||
Bank loans |
|
|
|
27 March 2024 | 29 March 2023 | ||
---|---|---|---|
£ | £ | ||
Amounts falling due between one and five years: | |||
Bank loans |
|
|
|
27 March 2024 | 29 March 2023 | ||
---|---|---|---|
£ | £ | ||
Amounts falling due after more than five years: | |||
Debentures |
|
|
|
27 March 2024 | 29 March 2023 | ||
---|---|---|---|
£ | £ | ||
Accelerated capital allowances |
|
|
|
27 March 2024 | 29 March 2023 | ||
---|---|---|---|
£ | £ | ||
Not later than one year |
|
|
|
Later than one year and not later than five years | - |
|
|
|
|
||