2024
|
2023
|
|
Turnover growth/(decline)
|
(6.3%)
|
6.2%
|
Gross margin
|
40.3%
|
36.7%
|
Director
|
18 March 2025
|
|
|
|
|
|
Director
|
|
2024 | 2023 | |||
---|---|---|---|---|
Notes | £ | £ | ||
TURNOVER | 3 |
|
|
|
Cost of sales |
( |
( |
||
GROSS PROFIT |
|
|
||
Administrative expenses |
( |
( |
||
Other operating income |
|
|
||
OPERATING LOSS |
( |
( |
||
Other interest receivable and similar income | 8 |
|
|
|
Interest payable and similar charges | 9 |
( |
( |
|
LOSS BEFORE TAXATION |
( |
( |
||
Tax on Loss |
|
|
||
LOSS AFTER TAXATION BEING LOSS FOR THE FINANCIAL YEAR ATTRIBUTABLE TO THE OWNERS OF THE PARENT |
( |
( |
||
OTHER COMPREHENSIVE INCOME FOR THE YEAR | - | - | ||
TOTAL COMPREHENSIVE INCOME FOR THE YEAR ATTRIBUTABLE TO THE OWNERS OF THE PARENT |
( |
( |
||
2024 | 2023 | ||||
---|---|---|---|---|---|
Notes | £ | £ | £ | £ | |
FIXED ASSETS | |||||
Intangible Assets | 10 |
|
|
||
Tangible Assets | 11 |
|
|
||
|
|
||||
CURRENT ASSETS | |||||
Stocks | 12 |
|
|
||
Debtors | 13 |
|
|
||
Cash at bank and in hand |
|
|
|||
|
|
||||
Creditors: Amounts Falling Due Within One Year | 14 |
( |
( |
||
NET CURRENT ASSETS (LIABILITIES) |
( |
( |
|||
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
( |
|||
Creditors: Amounts Falling Due After More Than One Year | 15 |
( |
( |
||
PROVISIONS FOR LIABILITIES | |||||
Provisions For Charges | 16 |
( |
( |
||
NET LIABILITIES |
( |
( |
|||
CAPITAL AND RESERVES | |||||
Called up share capital | 17 |
|
|
||
Share premium account |
|
|
|||
Forex Reserve |
( |
( |
|||
Profit and Loss Account |
( |
( |
|||
SHAREHOLDERS' FUNDS | (1,503,574) | (1,481,157) | |||
Director
|
|
2024 | 2023 | ||||
---|---|---|---|---|---|
Notes | £ | £ | £ | £ | |
FIXED ASSETS | |||||
Intangible Assets | 10 |
|
|
||
Tangible Assets | 11 |
|
|
||
|
|
||||
CURRENT ASSETS | |||||
Stocks | 12 |
|
|
||
Debtors | 13 |
|
|
||
Cash at bank and in hand |
|
|
|||
|
|
||||
Creditors: Amounts Falling Due Within One Year | 14 |
( |
( |
||
NET CURRENT ASSETS (LIABILITIES) |
|
|
|||
TOTAL ASSETS LESS CURRENT LIABILITIES |
|
|
|||
Creditors: Amounts Falling Due After More Than One Year | 15 |
( |
( |
||
PROVISIONS FOR LIABILITIES | |||||
Provisions For Charges | 16 |
( |
( |
||
NET ASSETS |
|
|
|||
CAPITAL AND RESERVES | |||||
Called up share capital | 17 |
|
|
||
Share premium account |
|
|
|||
Profit and Loss Account |
( |
( |
|||
SHAREHOLDERS' FUNDS | 1,644,588 | 841,025 | |||
Director
|
|
Share Capital | Share Premium | Forex Reserve | Profit and Loss Account | Total | |
---|---|---|---|---|---|
£ | £ | £ | £ | £ | |
As at 1 April 2022 |
|
|
( |
( |
2,106,767 |
Loss for the year and total comprehensive income | - | - | - |
( |
(3,831,996) |
Arising on shares issued during the period |
|
253,219 | - | - | 253,316 |
Movements in fair value reserve | - | - | (9,244) | - | (9,244) |
As at 31 March 2023 and 1 April 2023 |
|
|
( |
( |
(1,481,157) |
Loss for the year and total comprehensive income | - | - | - |
( |
(1,068,800) |
Arising on shares issued during the period |
|
1,060,751 | - | - | 1,061,956 |
Movements in fair value reserve | - | - | (15,573) | - | (15,573) |
As at 31 March 2024 |
|
|
( |
( |
(1,503,574) |
Plant & Machinery |
|
Fixtures & Fittings |
|
Computer Equipment |
|
2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
United Kingdom |
|
|
|
North America |
|
|
|
Rest of the world |
|
|
|
10,510,547 | 11,220,815 | ||
2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
Grant income | - |
|
|
Other operating income |
|
|
|
14,177 | 4,833 | ||
Group | Company | ||||||
---|---|---|---|---|---|---|---|
2024 | 2023 | 2024 | 2023 | ||||
£ | £ | £ | £ | ||||
Wages and salaries |
|
|
|
|
|||
Social security costs |
|
|
|
|
|||
Other pension costs |
|
|
|
|
|||
|
|
|
|
||||
2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
Emoluments |
|
|
|
Company contributions to defined benefit pension schemes |
|
|
|
|
|
||
2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
Interest on short term deposits |
|
|
|
2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
Other finance charges |
|
|
|
Development Costs | Patent and licences | Total | |
---|---|---|---|
£ | £ | £ | |
Cost | |||
As at 1 April 2023 |
|
|
|
Additions |
|
|
|
As at 31 March 2024 |
|
|
|
Amortisation | |||
As at 1 April 2023 |
|
|
|
Provided during the period |
|
|
|
As at 31 March 2024 |
|
|
|
Net Book Value | |||
As at 31 March 2024 |
|
|
|
As at 1 April 2023 |
|
|
|
Development Costs | Patent and licences | Total | |
---|---|---|---|
£ | £ | £ | |
Cost | |||
As at 1 April 2023 |
|
|
|
Additions |
|
|
|
As at 31 March 2024 |
|
|
|
Amortisation | |||
As at 1 April 2023 |
|
|
|
Provided during the period |
|
|
|
As at 31 March 2024 |
|
|
|
Net Book Value | |||
As at 31 March 2024 |
|
|
|
As at 1 April 2023 |
|
|
|
Plant & Machinery | Fixtures & Fittings | Computer Equipment | Total | |
---|---|---|---|---|
£ | £ | £ | £ | |
Cost | ||||
As at 1 April 2023 |
|
|
|
|
Additions |
|
|
|
|
As at 31 March 2024 |
|
|
|
|
Depreciation | ||||
As at 1 April 2023 |
|
|
|
|
Provided during the period |
|
|
|
|
As at 31 March 2024 |
|
|
|
|
Net Book Value | ||||
As at 31 March 2024 |
|
|
|
|
As at 1 April 2023 |
|
|
|
|
Plant & Machinery | Fixtures & Fittings | Computer Equipment | Total | |
---|---|---|---|---|
£ | £ | £ | £ | |
Cost | ||||
As at 1 April 2023 |
|
|
|
|
Additions |
|
|
|
|
As at 31 March 2024 |
|
|
|
|
Depreciation | ||||
As at 1 April 2023 |
|
|
|
|
Provided during the period |
|
|
|
|
As at 31 March 2024 |
|
|
|
|
Net Book Value | ||||
As at 31 March 2024 |
|
|
|
|
As at 1 April 2023 |
|
|
|
|
Group | Company | ||||||
---|---|---|---|---|---|---|---|
2024 | 2023 | 2024 | 2023 | ||||
£ | £ | £ | £ | ||||
Stock |
|
|
|
|
|||
Group | Company | ||||||
---|---|---|---|---|---|---|---|
2024 | 2023 | 2024 | 2023 | ||||
£ | £ | £ | £ | ||||
Due within one year | |||||||
Trade debtors |
|
|
|
|
|||
Amounts owed by group undertakings | - | - | 3,146,904 | 2,379,956 | |||
Other debtors | 564,263 | 3,008,910 | 544,598 | 3,005,175 | |||
|
|
|
|
||||
Group | Company | ||||||
---|---|---|---|---|---|---|---|
2024 | 2023 | 2024 | 2023 | ||||
£ | £ | £ | £ | ||||
Trade creditors |
|
|
|
|
|||
Bank loans and overdrafts |
|
|
|
|
|||
Other creditors | 279,229 | 682,151 | 279,229 | 682,151 | |||
Taxation and social security | 182,914 | 226,068 | 138,005 | 198,031 | |||
Accruals and deferred income |
|
|
|
|
|||
|
|
|
|
||||
Group | Company | ||||||
---|---|---|---|---|---|---|---|
2024 | 2023 | 2024 | 2023 | ||||
£ | £ | £ | £ | ||||
Bank loans |
|
|
|
|
|||
Other loans |
|
|
|
|
|||
|
|
|
|
||||
Group | ||
---|---|---|
Other Provisions | Total | |
£ | £ | |
As at 1 April 2023 |
|
344,043 |
Additions |
|
76,986 |
Balance at 31 March 2024 |
|
421,029 |