|
|
|
|
Financial Statements |
Contents |
Page |
Strategic report |
1 |
Directors' report |
3 |
Independent auditor's report to the member |
5 |
Statement of income and retained earnings |
9 |
Statement of financial position |
10 |
Statement of cash flows |
11 |
Notes to the financial statements |
12 |
|
Strategic Report |
|
Company Secretary |
Registered office: |
|
|
|
|
|
|
Directors' Report |
|
|
|
|
|
Company Secretary |
Registered office: |
|
|
|
|
|
|
Independent Auditor's Report to the Member of
|
|
(Senior Statutory Auditor) |
For and on behalf of |
|
Chartered Certified Accountants & Statutory Auditor |
40 Kimbolton Road |
Bedford |
MK40 2NR |
|
Statement of Income and Retained Earnings |
2024 |
2023 |
||
Note |
£ |
£ |
|
Turnover |
4 |
|
|
Cost of sales |
|
|
------------- |
------------- |
|
Gross profit |
|
|
Administrative expenses |
|
|
|
------------ |
------------ |
||
Operating profit |
5 |
|
|
Other interest receivable and similar income |
8 |
|
|
Interest payable and similar expenses |
9 |
– |
(
|
------------ |
------------ |
||
Profit before taxation |
|
|
|
Tax on profit |
10 |
|
|
--------- |
--------- |
||
Profit for the financial year and total comprehensive income |
|
|
|
--------- |
--------- |
||
Retained earnings at the start of the year |
|
|
------------ |
------------ |
|
Retained earnings at the end of the year |
|
|
------------ |
------------ |
|
|
Statement of Financial Position |
2024 |
2023 |
||
Note |
£ |
£ |
£ |
Tangible assets |
11 |
|
|
|
Stocks |
12 |
|
|
|
Debtors |
13 |
|
|
|
Cash at bank and in hand |
|
|
||
------------- |
------------- |
|||
|
|
|||
Creditors: amounts falling due within one year |
14 |
|
|
|
------------- |
------------- |
|||
Net current assets |
|
|
||
------------ |
------------ |
|||
Total assets less current liabilities |
|
|
||
Taxation including deferred tax |
15 |
|
|
|
------------ |
------------ |
|||
Net assets |
|
|
||
------------ |
------------ |
|||
Called up share capital |
19 |
|
|
|
Profit and loss account |
20 |
|
|
|
------------ |
------------ |
|||
Shareholder funds |
|
|
||
------------ |
------------ |
|||
|
|
Director |
Director |
|
Statement of Cash Flows |
2024 |
2023 |
|
£ |
£ |
|
Profit for the financial year |
|
|
Adjustments for: |
||
Depreciation of tangible assets |
|
|
Other interest receivable and similar income |
(
|
(
|
Interest payable and similar expenses |
– |
(
|
Loss/(gains) on disposal of tangible assets |
|
(
|
Tax on profit |
|
|
Accrued income |
(
|
(
|
Changes in: |
||
Stocks |
(
|
|
Trade and other debtors |
|
|
Trade and other creditors |
(
|
(
|
------------ |
------------ |
|
Cash generated from operations |
(
|
(
|
Interest paid |
– |
|
Interest received |
|
|
Tax paid |
(
|
(
|
--------- |
------------ |
|
Net cash used in operating activities |
(
|
(
|
--------- |
------------ |
|
Purchase of tangible assets |
(
|
(
|
Proceeds from sale of tangible assets |
– |
|
--------- |
------------ |
|
Net cash (used in)/from investing activities |
(
|
|
--------- |
------------ |
|
Net decrease in cash and cash equivalents |
(
|
(
|
Cash and cash equivalents at beginning of year |
1,575,799 |
4,029,325 |
------------ |
------------ |
|
Cash and cash equivalents at end of year |
|
|
------------ |
------------ |
|
|
Notes to the Financial Statements |
Plant and machinery |
- |
|
|
Fixtures and fittings |
- |
|
|
Motor vehicles |
- |
|
|
Office equipment |
- |
|
|
2024 |
2023 |
|
£ |
£ |
|
Construction contracts |
|
|
------------- |
------------- |
|
2024 |
2023 |
|
£ |
£ |
|
Depreciation of tangible assets |
|
|
Loss/(gains) on disposal of tangible assets |
|
(
|
Impairment of trade debtors |
– |
300,000 |
Operating lease rentals |
|
|
Fees payable for the audit of the financial statements |
|
|
-------- |
--------- |
|
2024 |
2023 |
|
No. |
No. |
|
Production staff |
|
|
Administrative staff |
|
|
Management staff |
2 |
2 |
---- |
---- |
|
|
|
|
---- |
---- |
|
2024 |
2023 |
|
£ |
£ |
|
Wages and salaries |
|
|
Social security costs |
|
|
Other pension costs |
|
|
------------ |
------------ |
|
|
|
|
------------ |
------------ |
|
2024 |
2023 |
|
£ |
£ |
|
Remuneration |
|
|
--------- |
--------- |
|
2024 |
2023 |
|
No. |
No. |
|
Defined contribution plans |
|
|
---- |
---- |
|
2024 |
2023 |
|
£ |
£ |
|
Aggregate remuneration |
|
|
--------- |
--------- |
|
2024 |
2023 |
|
£ |
£ |
|
Interest on cash and cash equivalents |
|
|
HMRC interest received |
972 |
– |
-------- |
------- |
|
|
|
|
-------- |
------- |
|
2024 |
2023 |
|
£ |
£ |
|
Other interest payable and similar charges |
– |
(
|
---- |
---- |
|
2024 |
2023 |
|
£ |
£ |
|
UK current tax expense |
|
|
Adjustments in respect of prior periods |
(
|
(
|
--------- |
--------- |
|
Total current tax |
|
|
--------- |
--------- |
|
Origination and reversal of timing differences |
|
(
|
-------- |
-------- |
|
Tax on profit |
|
|
-------- |
-------- |
|
2024 |
2023 |
|
£ |
£ |
|
Profit on ordinary activities before taxation |
|
|
--------- |
--------- |
|
Profit on ordinary activities by rate of tax |
|
|
Adjustment to tax charge in respect of prior periods |
(
|
(
|
Effect of expenses not deductible for tax purposes |
|
|
Effect of capital allowances and depreciation |
(
|
|
Effect of accelerated capital allowances |
9,050 |
(3,345) |
Effect of other tax rates |
– |
(37,451) |
--------- |
--------- |
|
Tax on profit |
|
|
--------- |
--------- |
|
Plant and machinery |
Fixtures and fittings |
Motor vehicles |
Equipment |
Total |
|
£ |
£ |
£ |
£ |
£ |
|
Cost |
|||||
At 1 July 2023 |
|
|
|
|
|
Additions |
– |
|
|
|
|
Disposals |
– |
– |
(
|
– |
(
|
-------- |
-------- |
--------- |
-------- |
--------- |
|
At 30 June 2024 |
|
|
|
|
|
-------- |
-------- |
--------- |
-------- |
--------- |
|
Depreciation |
|||||
At 1 July 2023 |
|
|
|
|
|
Charge for the year |
|
|
|
|
|
Disposals |
– |
– |
(
|
– |
(
|
-------- |
-------- |
--------- |
-------- |
--------- |
|
At 30 June 2024 |
|
|
|
|
|
-------- |
-------- |
--------- |
-------- |
--------- |
|
Carrying amount |
|||||
At 30 June 2024 |
|
|
|
|
|
-------- |
-------- |
--------- |
-------- |
--------- |
|
At 30 June 2023 |
|
|
|
|
|
-------- |
-------- |
--------- |
-------- |
--------- |
|
2024 |
2023 |
|
£ |
£ |
|
Raw materials and consumables |
|
|
--------- |
--------- |
|
2024 |
2023 |
|
£ |
£ |
|
Trade debtors |
|
|
Amounts owed by group undertakings |
|
|
Amounts owed by customers on construction contracts |
|
|
Prepayments and accrued income |
|
|
Directors loan account |
|
|
Other debtors |
|
|
------------ |
------------ |
|
|
|
|
------------ |
------------ |
|
2024 |
2023 |
|
£ |
£ |
|
Trade creditors |
|
|
Accruals and deferred income |
|
|
Corporation tax |
|
|
Social security and other taxes |
|
|
Other creditors |
|
|
------------ |
------------ |
|
|
|
|
------------ |
------------ |
|
Deferred tax (note 16) |
|
£ |
|
At 1 July 2023 |
|
Additions |
|
-------- |
|
At 30 June 2024 |
|
-------- |
|
2024 |
2023 |
|
£ |
£ |
|
Included in provisions (note 15) |
|
|
-------- |
-------- |
|
2024 |
2023 |
|
£ |
£ |
|
Accelerated capital allowances |
|
|
-------- |
-------- |
|
2024 |
2023 |
|
£ |
£ |
|
Financial assets that are debt instruments measured at amortised cost |
2,549,616 |
2,150,745 |
------------ |
------------ |
|
Financial liabilities measured at amortised cost |
3,199,573 |
4,372,040 |
------------ |
------------ |
|
2024 |
2023 |
|||
No. |
£ |
No. |
£ |
|
|
|
211,050 |
|
211,050 |
--------- |
--------- |
--------- |
--------- |
|
At 1 Jul 2023 |
Cash flows |
At 30 Jun 2024 |
|
£ |
£ |
£ |
|
Cash at bank and in hand |
|
(868,770) |
|
------------ |
--------- |
--------- |
|
2024 |
2023 |
|
£ |
£ |
|
Later than 1 year and not later than 5 years |
|
|
--------- |
--------- |
|
2024 |
||||
Balance brought forward |
Advances/ (credits) to the directors |
Balance outstanding |
||
£ |
£ |
£ |
||
|
|
|
|
|
|
– |
(
|
(
|
|
-------- |
-------- |
--------- |
||
|
|
|
||
-------- |
-------- |
--------- |
||
2023 |
||||
Balance brought forward |
Advances/ (credits) to the directors |
Balance outstanding |
||
£ |
£ |
£ |
||
|
– |
|
|
|
|
– |
– |
– |
|
---- |
-------- |
-------- |
||
– |
|
|
||
---- |
-------- |
-------- |
||