|
|
|
|
Statement of Financial Position |
2024 |
2023 |
||
Note |
£ |
£ |
£ |
Tangible assets |
7 |
|
|
|
Stocks |
8 |
|
|
|
Debtors |
9 |
|
|
|
Cash at bank and in hand |
|
|
||
------------ |
------------ |
|||
|
|
|||
Creditors: amounts falling due within one year |
10 |
|
|
|
------------ |
------------ |
|||
Net current assets |
|
|
||
------------ |
------------ |
|||
Total assets less current liabilities |
|
|
||
Creditors: amounts falling due after more than one year |
11 |
|
|
|
Taxation including deferred tax |
12 |
– |
|
|
Other provisions |
12 |
|
|
|
---- |
------- |
|||
959 |
3,710 |
|||
------------ |
------------ |
|||
Net assets |
|
|
||
------------ |
------------ |
|||
Called up share capital |
15 |
|
|
|
Profit and loss account |
|
|
||
------------ |
------------ |
|||
Shareholders funds |
|
|
||
------------ |
------------ |
|||
|
Statement of Financial Position (continued) |
|
|
Director |
Director |
|
Notes to the Financial Statements |
Plant and Machinery |
- |
|
|
Motor Vehicles |
- |
|
|
2024 |
2023 |
|
£ |
£ |
|
UK current tax expense |
|
|
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 |
|
|
Effect of different UK tax rates on some earnings |
176 |
– |
Superdeduction |
– |
(
|
-------- |
-------- |
|
Tax on profit |
|
|
-------- |
-------- |
|
2024 |
2023 |
|
£ |
£ |
|
Dividends paid during the year (excluding those for which a liability existed at the end of the prior year ) |
– |
|
---- |
-------- |
|
Plant and machinery |
Motor vehicles |
Total |
|
£ |
£ |
£ |
|
Cost |
|||
At 1st April 2023 |
|
|
|
Disposals |
(
|
– |
(
|
-------- |
-------- |
--------- |
|
At 31st March 2024 |
|
|
|
-------- |
-------- |
--------- |
|
Depreciation |
|||
At 1st April 2023 |
|
|
|
Charge for the year |
|
|
|
Disposals |
(
|
– |
(
|
-------- |
-------- |
--------- |
|
At 31st March 2024 |
|
|
|
-------- |
-------- |
--------- |
|
Carrying amount |
|||
At 31st March 2024 |
|
|
|
-------- |
-------- |
--------- |
|
At 31st March 2023 |
|
|
|
-------- |
-------- |
--------- |
|
2024 |
2023 |
|
£ |
£ |
|
Vehicle stock for resale |
|
|
Parts and consumables |
|
|
--------- |
--------- |
|
|
|
|
--------- |
--------- |
|
2024 |
2023 |
|
£ |
£ |
|
Trade debtors |
|
|
Other debtors |
|
|
--------- |
------------ |
|
|
|
|
--------- |
------------ |
|
2024 |
2023 |
|
£ |
£ |
|
Bank loans and overdrafts |
|
|
Trade creditors |
|
|
Corporation tax |
|
|
Social security and other taxes |
|
|
Other creditors |
|
|
--------- |
--------- |
|
|
|
|
--------- |
--------- |
|
2024 |
2023 |
|
£ |
£ |
|
Bank loans and overdrafts |
|
|
--------- |
--------- |
|
Warranties |
Deferred tax (note 13) |
Total |
|
£ |
£ |
£ |
|
At 1st April 2023 |
|
|
|
Charge against provision |
(
|
(
|
(
|
------- |
---- |
------- |
|
At 31st March 2024 |
|
– |
|
------- |
---- |
------- |
|
2024 |
2023 |
|
£ |
£ |
|
Included in debtors (note 9) |
|
– |
Included in provisions (note 12) |
– |
(
|
------- |
---- |
|
|
(
|
|
------- |
---- |
|
2024 |
2023 |
|
£ |
£ |
|
Accelerated capital allowances |
(
|
|
------- |
---- |
|
2024 |
2023 |
|
£ |
£ |
|
Financial assets measured at fair value through profit or loss |
909,927 |
1,024,852 |
--------- |
------------ |
|
Financial liabilities measured at fair value through profit or loss |
102,666 |
230,809 |
--------- |
--------- |
|
Financial liabilities measured at amortised cost |
169,167 |
233,333 |
--------- |
--------- |
|
2024 |
2023 |
|||
No. |
£ |
No. |
£ |
|
|
|
100 |
|
100 |
---- |
---- |
---- |
---- |
|
2024 | 2024 | 2023 | 2023 | ||
£ | £ | £ | £ | ||
Turnover | 100,998 | 552,743 | |||
Cost of Sales | (71,241) | (387,888) | |||
--------- | --------- | ||||
Gross Profit | 29,757 | 164,855 | |||
Overheads | |||||
Distribution | 2,500 | 27,638 | |||
Administration | 13,815 | 81,750 | |||
Finance | 300 | 1,500 | |||
Depn | 685 | 7,526 | |||
Total Overheads | (17,300) | (118,414) | |||
-------- | --------- | ||||
Net Profit before tax | 12,457 | 46,441 | |||
Taxation | (4,285) | (10,275) | |||
-------- | -------- | ||||
Net Profit | 8,172 | 36,166 | |||
-------- | -------- | ||||
2024 |
2023 |
|
£ |
£ |
|
Not later than 1 year |
|
|
--------- |
--------- |
|
2024 | 2023 | ||
£ | £ | ||
|
|||
Balance b/f | 78 | 200,000 | |
Repayment | – | (199,922) | |
---- | --------- | ||
Balance c/f | 78 | 78 | |
---- | --------- | ||
2024 | 2023 | ||
£ | £ | ||
Sales | 79,812 | 42,062 | |
Purchases | 793,862 | 456,699 | |
2024 | 2023 | ||
£ | £ | ||
Sales | 77,846 | 208,118 | |
Purchases | 47,622 | 13,640 | |