Director
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3rd March 2025
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Director
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for and on behalf of
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2024 | 2023 | |||
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Notes | £ | £ | ||
TURNOVER | 3 |
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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 | 4 |
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Interest payable and similar charges | 9 |
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PROFIT BEFORE TAXATION |
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Tax on Profit | 10 |
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PROFIT AFTER TAXATION BEING PROFIT FOR THE FINANCIAL YEAR |
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2024 | 2023 | |||
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£ | £ | |||
PROFIT FOR THE FINANCIAL YEAR |
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OTHER COMPREHENSIVE INCOME FOR THE YEAR | - | - | ||
TOTAL COMPREHENSIVE INCOME FOR THE YEAR |
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2024 | 2023 | ||||
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Notes | £ | £ | £ | £ | |
FIXED ASSETS | |||||
Tangible Assets | 11 |
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CURRENT ASSETS | |||||
Stocks | 12 |
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Debtors | 13 |
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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 | 15 |
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NET CURRENT ASSETS (LIABILITIES) |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
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Creditors: Amounts Falling Due After More Than One Year | 16 |
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NET ASSETS |
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CAPITAL AND RESERVES | |||||
Called up share capital | 18 |
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Profit and Loss Account |
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SHAREHOLDERS' FUNDS | 9,046,907 | 8,841,478 | |||
Director
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Share Capital | Profit and Loss Account | Total | |
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£ | £ | £ | |
As at 1 July 2022 |
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8,735,146 |
Profit for the year and total comprehensive income | - |
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2,856,332 |
Dividends paid | - | (2,750,000) | (2,750,000) |
As at 30 June 2023 and 1 July 2023 |
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8,841,478 |
Profit for the year and total comprehensive income | - |
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2,205,429 |
Dividends paid | - | (2,000,000) | (2,000,000) |
As at 30 June 2024 |
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9,046,907 |
2024 | 2023 | |||
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Notes | £ | £ | ||
Cash flows from operating activities | ||||
Net cash generated from operations | 1 |
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Interest paid |
( |
( |
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Tax paid |
( |
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Net cash generated from operating activities |
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Cash flows from investing activities | ||||
Purchase of tangible assets |
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Purchase of current asset investments |
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Net cash used in investing activities |
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Cash flows from financing activities | ||||
Equity dividends paid |
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Proceeds from new bank borrowings |
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Repayment of bank borrowings |
( |
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Net cash used in financing activities |
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Increase/(decrease) in cash and cash equivalents |
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Cash and cash equivalents at beginning of year | 2 |
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Cash and cash equivalents at end of year | 2 |
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2024 | 2023 | ||
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£ | £ | ||
Profit for the financial year |
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Adjustments for: | |||
Tax on profit |
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Interest expense |
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Depreciation of tangible assets |
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Movements in working capital: | |||
Decrease/(increase) in stocks |
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Decrease/(increase) in trade and other debtors |
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Increase in trade and other creditors |
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Net cash generated from operations |
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2024 | 2023 | ||
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£ | £ | ||
Cash at bank and in hand |
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Overdraft facilities repayable on demand | - |
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Cash and cash equivalents as stated in the Statement of Cash Flows | 749,824 | (345,153) | |
As at 1 July 2023 | Cash flows | As at 30 June 2024 | |
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£ | £ | £ | |
Cash at bank and in hand |
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710,822 |
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Overdraft facilities repayable on demand | (384,155) | 384,155 | - |
Cash and cash equivalents |
( |
1,094,977 |
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Debts falling due after more than one year | (4,114,636) | 1,394,705 | (2,719,931) |
(4,459,789) | 2,489,682 | (1,970,107) | |
Freehold |
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Leasehold |
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Plant & Machinery |
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2024 | 2023 | ||
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£ | £ | ||
United Kingdom |
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57,317,054 | 59,112,777 | ||
2024 | 2023 | ||
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£ | £ | ||
Bad debts | 19,600 | 1,200 | |
Depreciation of tangible fixed assets |
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2024 | 2023 | ||
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£ | £ | ||
Audit Services | |||
Audit of the company's financial statements |
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Other Services | |||
Other non-audit services |
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2024 | 2023 | ||
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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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2024 | 2023 | ||
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Office and administration |
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Sales, marketing and distribution |
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Bodyshop and Workshop |
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2024 | 2023 | ||
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£ | £ | ||
Emoluments |
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2024 | 2023 | ||
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£ | £ | ||
Bank loans and overdrafts |
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Other finance charges |
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160,317 | 40,882 | ||
The tax charge on the profit for the year was as follows:
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Tax Rate | 2024 | 2023 | |||
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2024 | 2023 | £ | £ | ||
Current tax | |||||
UK Corporation Tax | 25.0% | 20.5% |
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Total tax charge for the period |
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The actual charge for the year can be reconciled to the expected charge for the year based on the profit and the standard rate of corporation tax as follows:
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2024 | 2023 | ||||
£ | £ | ||||
Profit before tax | 2,976,737 | 3,622,260 | |||
Tax on profit at 25% (UK standard rate) |
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Goodwill/depreciation not allowed for tax |
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Capital allowances |
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( |
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Difference in tax rates |
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Total tax charge for the period | 771,308 | 765,928 | |||
Land & Property | |||
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Freehold | Plant & Machinery | Total | |
£ | £ | £ | |
Cost | |||
As at 1 July 2023 |
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Additions |
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As at 30 June 2024 |
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Depreciation | |||
As at 1 July 2023 |
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Provided during the period |
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As at 30 June 2024 |
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Net Book Value | |||
As at 30 June 2024 |
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As at 1 July 2023 |
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2024 | 2023 | ||
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£ | £ | ||
Materials |
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Finished goods | - |
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2024 | 2023 | ||
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£ | £ | ||
Due within one year | |||
Trade debtors |
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Other debtors |
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Amounts owed by group undertakings |
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2024 | 2023 | ||
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£ | £ | ||
Listed investments | 69,002 | - | |
Unlisted investments | - | 60,042 | |
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2024 | 2023 | ||
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£ | £ | ||
Trade creditors |
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Bank loans and overdrafts | - |
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Other creditors | 35,500 | 46,797 | |
Corporation tax |
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Taxation and social security | 575,761 | - | |
Accruals and deferred income |
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2024 | 2023 | ||
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£ | £ | ||
Bank loans |
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Amounts owed to group undertakings |
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Other creditors | 1,556,995 | 1,404,823 | |
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2024 | 2023 | ||
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£ | £ | ||
Bank loans and overdrafts | - | 384,155 |
2024 | 2023 | ||
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£ | £ | ||
Amounts falling due between one and five years: | |||
Bank loans |
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2024 | 2023 | ||
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£ | £ | ||
On equity shares: | |||
Final dividend paid |
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