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For the period ended |
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Financial Statements |
Contents |
Page |
Officers and professional advisers |
1 |
Strategic report |
2 |
Directors' report |
5 |
Independent auditor's report to the members |
8 |
Consolidated statement of comprehensive income |
12 |
Consolidated statement of financial position |
13 |
Company statement of financial position |
14 |
Consolidated statement of changes in equity |
15 |
Company statement of changes in equity |
16 |
Consolidated statement of cash flows |
17 |
Notes to the financial statements |
18 |
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Officers and Professional Advisers |
The board of directors |
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Registered office |
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Auditor |
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Chartered Accountants & statutory auditor |
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Carlisle Street |
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Goole |
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East Riding of Yorkshire |
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DN14 5DX |
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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 |
Carlisle Street |
Goole |
East Riding of Yorkshire |
DN14 5DX |
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Consolidated Statement of Comprehensive Income |
Period from |
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1 Jun 23 to |
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31 Mar 24 |
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Note |
£ |
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Turnover |
4 |
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Cost of sales |
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Gross profit |
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Administrative expenses |
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Operating profit |
5 |
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Other interest receivable and similar income |
9 |
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Interest payable and similar expenses |
10 |
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Profit before taxation |
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Tax on profit |
11 |
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Profit for the financial period and total comprehensive income |
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Consolidated Statement of Financial Position |
31 Mar 24 |
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Note |
£ |
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Intangible assets |
12 |
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Tangible assets |
13 |
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Stocks |
15 |
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Debtors |
16 |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
17 |
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Net current liabilities |
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Total assets less current liabilities |
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Creditors: amounts falling due after more than one year |
18 |
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Taxation including deferred tax |
19 |
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Net assets |
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Called up share capital |
21 |
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Profit and loss account |
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---------- |
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Shareholders funds |
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---------- |
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Director |
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Company Statement of Financial Position |
31 Mar 24 |
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Note |
£ |
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Investments |
14 |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
17 |
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Net current liabilities |
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Total assets less current liabilities |
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Creditors: amounts falling due after more than one year |
18 |
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Net liabilities |
(
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Called up share capital |
21 |
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Profit and loss account |
(
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---------- |
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Shareholders deficit |
(
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---------- |
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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 June 2023 |
– |
– |
– |
Profit for the period |
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---- |
---------- |
---------- |
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Total comprehensive income for the period |
– |
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Issue of shares |
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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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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 June 2023 |
– |
– |
– |
Loss for the period |
(
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(
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---- |
---------- |
---------- |
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Total comprehensive income for the period |
– |
(
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(
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Issue of shares |
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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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(
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---- |
---------- |
---------- |
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Consolidated Statement of Cash Flows |
31 Mar 24 |
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£ |
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Profit for the financial period |
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Adjustments for: |
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Depreciation of tangible assets |
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Amortisation of intangible assets |
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Other interest receivable and similar income |
(
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Interest payable and similar expenses |
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Tax on loss |
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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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Cash generated from operations |
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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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Net cash from operating activities |
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---------- |
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Purchase of tangible assets |
(
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Acquisition of subsidiaries |
(
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------------- |
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Net cash used in investing activities |
(
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------------- |
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Repayments of borrowings |
(
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Proceeds from loans from group undertakings |
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Proceeds from loan notes |
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Repayment of loan notes |
(
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Net inflow/(outflow) of loans from directors |
(
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------------- |
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Net cash from financing activities |
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Net increase in cash and cash equivalents |
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Cash and cash equivalents at beginning of period |
– |
---------- |
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Cash and cash equivalents at end of period |
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Notes to the Financial Statements |
Goodwill |
- |
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Intellectual 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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Equipment |
- |
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Period from |
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1 Jun 23 to |
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31 Mar 24 |
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£ |
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Sale of goods |
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-------------- |
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Period from |
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1 Jun 23 to |
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31 Mar 24 |
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£ |
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Amortisation of intangible assets |
|
Depreciation of tangible assets |
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Impairment of trade debtors |
12,500 |
Foreign exchange differences |
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Operating lease rentals |
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---------- |
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Period from |
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1 Jun 23 to |
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31 Mar 24 |
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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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Period from |
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1 Jun 23 to |
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31 Mar 24 |
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£ |
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Wages and salaries |
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Social security costs |
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Period from |
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1 Jun 23 to |
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31 Mar 24 |
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£ |
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Remuneration |
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---------- |
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Period from |
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1 Jun 23 to |
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31 Mar 24 |
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£ |
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Aggregate remuneration |
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-------- |
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Period from |
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1 Jun 23 to |
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31 Mar 24 |
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£ |
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Interest on cash and cash equivalents |
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---- |
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Period from |
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1 Jun 23 to |
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31 Mar 24 |
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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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Period from |
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1 Jun 23 to |
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31 Mar 24 |
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£ |
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UK current tax income |
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Origination and reversal of timing differences |
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---------- |
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Tax on loss |
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---------- |
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Period from |
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1 Jun 23 to |
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31 Mar 24 |
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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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Effect of capital allowances and depreciation |
(
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---------- |
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Tax on loss |
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Group |
Goodwill |
Intellectual property |
Total |
£ |
£ |
£ |
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Cost |
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At 1 June 2023 |
– |
– |
– |
Additions |
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– |
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Acquired through business combinations |
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-------- |
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At 31 March 2024 |
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-------- |
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Amortisation |
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At 1 June 2023 |
– |
– |
– |
Charge for the Period |
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Acquisitions through business combinations |
– |
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------------- |
-------- |
------------- |
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At 31 March 2024 |
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-------- |
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Carrying amount |
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At 31 March 2024 |
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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 June 2023 |
– |
– |
– |
– |
– |
Additions |
– |
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Disposals |
– |
– |
(
|
(
|
(
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Acquisitions through business combinations |
|
|
– |
|
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-------- |
---------- |
-------- |
-------- |
---------- |
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At 31 March 2024 |
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-------- |
---------- |
-------- |
-------- |
---------- |
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Depreciation |
|||||
At 1 June 2023 |
– |
– |
– |
– |
– |
Charge for the period |
|
|
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Disposals |
– |
– |
(
|
(
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(
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Acquisitions through business combinations |
|
|
– |
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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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Company |
Shares in group undertakings |
£ |
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Cost |
|
At 1 June 2023 |
– |
Additions |
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------------- |
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At 31 March 2024 |
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Impairment |
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At 1 June 2023 and 31 March 2024 |
– |
------------- |
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Carrying amount |
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At 31 March 2024 |
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Registered office |
Class of share |
Percentage of shares held |
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Subsidiary undertakings |
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272 Bath Street, Glasgow, G2 4JR |
Ordinary |
100 |
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Fulford Lodge, 1 Heslington Lane, Fulford, York, YO10 4HW |
Ordinary |
100 |
Group |
Company |
|
31 Mar 24 |
31 Mar 24 |
|
£ |
£ |
|
Raw materials and consumables |
|
– |
---------- |
---- |
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Group |
Company |
|
31 Mar 24 |
31 Mar 24 |
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£ |
£ |
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Trade debtors |
|
– |
Prepayments and accrued income |
|
– |
Other debtors |
|
– |
------------- |
---- |
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– |
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---- |
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Group |
Company |
|
31 Mar 24 |
31 Mar 24 |
|
£ |
£ |
|
Bank loans and overdrafts |
|
– |
Trade creditors |
|
– |
Corporation tax |
|
– |
Social security and other taxes |
|
– |
Amounts due to group undertakings |
– |
|
Loan notes |
|
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Other creditors |
|
– |
------------- |
------------- |
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------------- |
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Group |
Company |
|
31 Mar 24 |
31 Mar 24 |
|
£ |
£ |
|
Bank loans and overdrafts |
|
– |
Loan notes |
|
|
------------- |
------------- |
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Group |
Deferred tax (note 20) |
£ |
|
At 1 June 2023 |
– |
Additions |
|
-------- |
|
At 31 March 2024 |
|
-------- |
|
Group |
Company |
|
31 Mar 24 |
31 Mar 24 |
|
£ |
£ |
|
Included in provisions (note 19) |
|
– |
-------- |
---- |
|
Group |
Company |
|
31 Mar 24 |
31 Mar 24 |
|
£ |
£ |
|
Accelerated capital allowances |
|
– |
-------- |
---- |
|
31 Mar 24 |
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No. |
£ |
|
|
|
55 |
|
|
40 |
|
|
5 |
|
|
1 |
---- |
---- |
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|
101 |
|
---- |
---- |
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At 1 Jun 2023 |
Cash flows |
At 31 Mar 2024 |
|
£ |
£ |
£ |
|
Cash at bank and in hand |
– |
189,898 |
|
Debt due within one year |
– |
(40,000) |
(40,000) |
Debt due after one year |
– |
(53,333) |
(53,333) |
---- |
---------- |
---------- |
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– |
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---- |
---------- |
---------- |
|
£ |
|
Cash |
|
Loan notes |
|
Notional interest charged on loan notes |
(
|
------------- |
|
|
|
------------- |
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Fair value |
|
£ |
|
Tangible assets acquired |
|
Intangible assets acquired |
|
Stocks acquired |
|
Trade debtors acquired |
|
Other debtors acquired |
|
Cash and cash equivalents acquired |
|
Trade creditors assumed |
(
|
Other creditors assumed |
(
|
Provisions assumed |
(
|
Tax liabilities |
(
|
------------- |
|
|
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Goodwill on acquisition |
|
------------- |
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3,644,534 |
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------------- |
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Notes to the Financial Statements (continued) |
Group |
Company |
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31 Mar 24 |
31 Mar 24 |
||
£ |
£ |
||
Not later than 1 year |
|
– |
|
Later than 1 year and not later than 5 years |
|
– |
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---------- |
---- |
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– |
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---------- |
---- |
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