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Financial Statements |
Contents |
Page |
Strategic report |
1 |
Directors' report |
3 |
Independent auditor's report to the members |
5 |
Consolidated statement of comprehensive income |
9 |
Consolidated statement of financial position |
10 |
Company statement of financial position |
11 |
Consolidated statement of changes in equity |
12 |
Company statement of changes in equity |
13 |
Consolidated 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 Certified Accountants & statutory auditor |
40 Kimbolton Road |
Bedford |
MK40 2NR |
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Consolidated 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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Administrative expenses |
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------------ |
------------ |
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Operating profit |
5 |
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Interest receivable |
9 |
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Interest payable |
10 |
– |
(
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------------ |
------------ |
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Profit before taxation |
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Taxation on ordinary activities |
11 |
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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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Consolidated Statement of Financial Position |
2024 |
2023 |
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Note |
£ |
£ |
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Tangible assets |
12 |
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Stocks |
14 |
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Debtors |
15 |
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Cash at bank and in hand |
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------------- |
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Creditors: amounts falling due within one year |
16 |
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------------- |
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Net current assets |
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------------ |
------------ |
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Total assets less current liabilities |
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Provisions |
17 |
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------------ |
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Net assets |
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------------ |
------------ |
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Called up share capital |
21 |
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Profit and loss account |
22 |
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------------ |
------------ |
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Shareholders funds |
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------------ |
------------ |
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Director |
Director |
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Company Statement of Financial Position |
2024 |
2023 |
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Note |
£ |
£ |
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Investments |
13 |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
16 |
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------- |
------- |
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Net current assets |
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------------ |
------------ |
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Total assets less current liabilities |
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------------ |
------------ |
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Called up share capital |
21 |
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Profit and loss account |
22 |
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------------ |
------------ |
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Shareholders funds |
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------------ |
------------ |
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Director |
Director |
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Consolidated Statement of Changes in Equity |
Called up share capital |
Profit and loss account |
Total |
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£ |
£ |
£ |
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At 1 July 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 30 June 2023 |
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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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---- |
------------ |
------------ |
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At 30 June 2024 |
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---- |
------------ |
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Company Statement of Changes in Equity |
Called up share capital |
Profit and loss account |
Total |
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£ |
£ |
£ |
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At 1 July 2022 |
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Profit for the year |
– |
– |
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At 30 June 2023 |
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Profit for the year |
– |
– |
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---- |
------------ |
------------ |
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At 30 June 2024 |
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---- |
------------ |
------------ |
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Consolidated 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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Interest receivable |
(
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(
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Interest payable |
– |
(
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Loss/(gains) on disposal of tangible assets |
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(
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Taxation on ordinary activities |
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Accrued income |
(
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(
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Changes in: |
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Stocks |
(
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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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Interest received |
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Tax paid |
(
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(
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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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Proceeds from sale of tangible assets |
– |
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--------- |
------------ |
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Net cash (used in)/from investing activities |
(
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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 |
1,576,957 |
4,030,393 |
------------ |
------------ |
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Cash and cash equivalents at end of year |
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------------ |
------------ |
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Notes to the Financial Statements |
Plant and machinery |
- |
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Fixtures and fittings |
- |
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Motor vehicles |
- |
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Office equipment |
- |
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|
2024 |
2023 |
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£ |
£ |
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Construction contracts |
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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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Loss/(gains) on disposal of tangible assets |
|
(
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Impairment of trade debtors |
– |
300,000 |
Operating lease rentals |
|
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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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2024 |
2023 |
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No. |
No. |
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Production staff |
|
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Administrative staff |
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Management staff |
2 |
2 |
---- |
---- |
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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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No. |
No. |
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Defined contribution plans |
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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 cash and cash equivalents |
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Interest receivable - desc in a/cs |
972 |
– |
-------- |
------- |
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-------- |
------- |
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2024 |
2023 |
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£ |
£ |
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Other interest payable and similar charges |
– |
(
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---- |
---- |
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2024 |
2023 |
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£ |
£ |
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UK current tax income |
|
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Adjustments in respect of prior periods |
(
|
(
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--------- |
--------- |
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Total current tax |
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--------- |
--------- |
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Origination and reversal of timing differences |
|
(
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-------- |
-------- |
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Taxation on ordinary activities |
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-------- |
-------- |
|
2024 |
2023 |
|
£ |
£ |
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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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Adjustment to tax charge in respect of prior periods |
(
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(
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Effect of expenses not deductible for tax purposes |
|
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Effect of capital allowances and depreciation |
(
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Effect of accelerated capital allowances |
9,050 |
(3,345) |
Effect of other tax rates |
– |
(37,451) |
--------- |
--------- |
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Tax on profit |
|
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--------- |
--------- |
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Group |
Plant and machinery |
Fixtures and fittings |
Motor vehicles |
Equipment |
Total |
£ |
£ |
£ |
£ |
£ |
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Cost |
|||||
At 1 July 2023 |
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Additions |
– |
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Disposals |
– |
– |
(
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– |
(
|
-------- |
-------- |
--------- |
-------- |
--------- |
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At 30 June 2024 |
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-------- |
-------- |
--------- |
-------- |
--------- |
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Depreciation |
|||||
At 1 July 2023 |
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Charge for the year |
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Disposals |
– |
– |
(
|
– |
(
|
-------- |
-------- |
--------- |
-------- |
--------- |
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At 30 June 2024 |
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-------- |
-------- |
--------- |
-------- |
--------- |
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Carrying amount |
|||||
At 30 June 2024 |
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-------- |
-------- |
--------- |
-------- |
--------- |
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At 30 June 2023 |
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-------- |
-------- |
--------- |
-------- |
--------- |
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Company |
Shares in group undertakings |
£ |
|
Cost |
|
At 1 July 2023 and 30 June 2024 |
|
------------ |
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Impairment |
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At 1 July 2023 and 30 June 2024 |
– |
------------ |
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Carrying amount |
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At 1 July 2023 and 30 June 2024 |
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------------ |
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At 30 June 2023 |
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------------ |
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Class of share |
Percentage of shares held |
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Subsidiary undertakings |
||
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Ordinary |
100 |
Group |
Company |
|||
2024 |
2023 |
2024 |
2023 |
|
£ |
£ |
£ |
£ |
|
Raw materials |
|
|
– |
– |
--------- |
--------- |
---- |
---- |
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Group |
Company |
|||
2024 |
2023 |
2024 |
2023 |
|
£ |
£ |
£ |
£ |
|
Trade debtors |
|
|
– |
– |
Amounts owed by customers on construction contracts |
|
|
– |
– |
Prepayments and accrued income |
|
|
– |
– |
Directors loan account |
|
|
– |
– |
Other debtors |
|
|
– |
– |
------------ |
------------ |
---- |
---- |
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|
|
– |
– |
|
------------ |
------------ |
---- |
---- |
|
Group |
Company |
|||
2024 |
2023 |
2024 |
2023 |
|
£ |
£ |
£ |
£ |
|
Trade creditors |
|
|
– |
– |
Amounts owed to group undertakings |
– |
– |
|
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Accruals and deferred income |
|
|
– |
– |
Corporation tax |
|
|
– |
– |
Social security and other taxes |
|
|
– |
– |
Other creditors |
|
|
– |
– |
------------ |
------------ |
---- |
---- |
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------------ |
------------ |
---- |
---- |
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Group |
Deferred tax (note 18) |
£ |
|
At 1 July 2023 |
|
Additions |
|
-------- |
|
At 30 June 2024 |
|
-------- |
|
Group |
Company |
|||
2024 |
2023 |
2024 |
2023 |
|
£ |
£ |
£ |
£ |
|
Included in provisions (note 17) |
|
|
– |
– |
-------- |
-------- |
---- |
---- |
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Group |
Company |
|||
2024 |
2023 |
2024 |
2023 |
|
£ |
£ |
£ |
£ |
|
Accelerated capital allowances |
|
|
– |
– |
-------- |
-------- |
---- |
---- |
|
Group |
|||
2024 |
2023 |
||
£ |
£ |
||
Financial assets that are debt instruments measured at amortised cost |
2,548,726 |
2,149,855 |
|
------------ |
------------ |
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Group |
|||
2024 |
2023 |
||
£ |
£ |
||
Financial liabilities measured at amortised cost |
3,198,683 |
4,371,150 |
|
------------ |
------------ |
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2024 |
2023 |
|||
No. |
£ |
No. |
£ |
|
|
|
100 |
|
100 |
---- |
---- |
---- |
---- |
|
At 1 Jul 2023 |
Cash flows |
At 30 Jun 2024 |
|
£ |
£ |
£ |
|
Cash at bank and in hand |
|
(868,770) |
|
------------ |
--------- |
--------- |
|
Group |
Company |
|||
2024 |
2023 |
2024 |
2023 |
|
£ |
£ |
£ |
£ |
|
Later than 1 year and not later than 5 years |
|
|
– |
– |
--------- |
--------- |
---- |
---- |
|
2024 |
||||
Balance brought forward |
Advances/ (credits) to the directors |
Balance outstanding |
||
£ |
£ |
£ |
||
|
|
|
|
|
|
– |
(
|
(
|
|
-------- |
-------- |
--------- |
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-------- |
-------- |
--------- |
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2023 |
||||
Balance brought forward |
Advances/ (credits) to the directors |
Balance outstanding |
||
£ |
£ |
£ |
||
|
– |
|
|
|
|
– |
– |
– |
|
---- |
-------- |
-------- |
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– |
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---- |
-------- |
-------- |
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