Contents | |
Page | |
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Company Information | 1 |
Strategic Report | 2 |
Director's Report | 3—4 |
Independent Auditor's Report | 5—7 |
Statement of Income and Retained Earnings | 8 |
Balance Sheet | 9 |
Notes to the Financial Statements | 10—17 |
Director |
|
Company Number |
|
Registered Office | Second Floor |
67-74 Saffron Hill | |
London | |
EC1N 8QX | |
Accountants | Layers Accountancy Limited |
16 Royal Crescent | |
Cheltenham | |
Gloucestershire | |
GL50 3DA | |
Auditors |
|
Honeybourne Place | |
Jessop Avenue | |
Cheltenham | |
GL50 3SH | |
Director
|
20th March 2025
|
|
Director
|
|
for and on behalf of
|
|
Honeybourne Place
Jessop Avenue
Cheltenham
GL50 3SH
|
2023 | 2022 | |||
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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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Other operating income |
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OPERATING PROFIT | 5 |
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Interest payable and similar charges | 9 |
( |
( |
|
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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RETAINED EARNINGS | ||||
As at 1 August 2022 |
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||
Dividends paid | (150,000) | (177,000) | ||
As at 31 July 2023 |
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||
2023 | 2022 | ||||
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Notes | £ | £ | £ | £ | |
FIXED ASSETS | |||||
Intangible Assets | 11 |
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Tangible Assets | 12 |
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Investment Properties | 13 |
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Investments in Subsidiaries | 14 |
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CURRENT ASSETS | |||||
Debtors | 15 |
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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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NET CURRENT ASSETS (LIABILITIES) |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
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PROVISIONS FOR LIABILITIES | |||||
Deferred Taxation | 17 |
( |
( |
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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 | 7,447,123 | 5,748,548 | |||
Director
|
|
Leasehold |
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Plant & Machinery |
|
Fixtures & Fittings |
|
Computer Equipment |
|
2023 | 2022 | ||
---|---|---|---|
£ | £ | ||
United Kingdom |
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|
Europe |
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Asia |
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|
15,591,388 | 12,535,550 | ||
2023 | 2022 | ||
---|---|---|---|
£ | £ | ||
Other operating income |
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|
29,171 | - | ||
2023 | 2022 | ||
---|---|---|---|
£ | £ | ||
Bad debts | 595,505 | - | |
Depreciation of tangible fixed assets |
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|
Amortisation of intangible fixed assets |
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|
2023 | 2022 | ||
---|---|---|---|
£ | £ | ||
Wages and salaries |
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Social security costs |
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Other pension costs |
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||
2023 | 2022 | ||
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£ | £ | ||
Emoluments |
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2023 | 2022 | ||
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£ | £ | ||
Bank loans and overdrafts | - |
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|
Late payment tax charges |
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|
414 | 22,727 | ||
The tax charge on the profit for the year was as follows:
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Tax Rate | 2023 | 2022 | |||
---|---|---|---|---|---|
2023 | 2022 | £ | £ | ||
Current tax | |||||
UK Corporation Tax | 25.0% | 19.0% |
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Prior period adjustment |
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Deferred Tax | |||||
Origination and reversal of timing differences |
( |
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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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|||||
2023 | 2022 | ||||
£ | £ | ||||
Profit before tax | 2,349,779 | 2,844,579 | |||
Tax on profit at 25% (UK standard rate) |
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|||
Total tax charge for the period | 505,692 | 532,386 | |||
Other | |||
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£ | |||
Cost | |||
As at 1 August 2022 |
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||
As at 31 July 2023 |
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Amortisation | |||
As at 1 August 2022 |
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||
Provided during the period |
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As at 31 July 2023 |
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Net Book Value | |||
As at 31 July 2023 |
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||
As at 1 August 2022 |
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||
Land & Property | |||||
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Leasehold | Plant & Machinery | Fixtures & Fittings | Computer Equipment | Total | |
£ | £ | £ | £ | £ | |
Cost | |||||
As at 1 August 2022 |
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Additions |
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As at 31 July 2023 |
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Depreciation | |||||
As at 1 August 2022 |
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Provided during the period |
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As at 31 July 2023 |
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Net Book Value | |||||
As at 31 July 2023 |
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As at 1 August 2022 |
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2023 | |
---|---|
£ | |
Fair Value | |
As at 1 August 2022 and 31 July 2023 |
|
Subsidiaries | |
---|---|
£ | |
Cost | |
As at 1 August 2022 |
|
As at 31 July 2023 |
|
Provision | |
As at 1 August 2022 |
|
As at 31 July 2023 |
|
Net Book Value | |
As at 31 July 2023 |
|
As at 1 August 2022 |
|
2023 | 2022 | ||
---|---|---|---|
£ | £ | ||
Due within one year | |||
Trade debtors |
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Prepayments and accrued income |
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Other debtors |
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VAT |
|
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2023
|
2022
|
||
£
|
£
|
||
Trade debtors (gross)
|
2,281,961
|
1,630,599
|
|
Less: Provision for doubtful debts
|
(595,505)
|
-
|
|
1,755,838
|
1,630,599
|
||
2023 | 2022 | ||
---|---|---|---|
£ | £ | ||
Trade creditors |
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Corporation tax |
|
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Other taxes and social security |
|
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|
Net wages | - | 7,805 | |
Other creditors |
|
|
|
Accruals and deferred income |
|
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|
Director's loan account |
|
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||
2023 | 2022 | ||
---|---|---|---|
£ | £ | ||
Other timing differences | 6,767 | 11,255 | |