2024
|
2023
|
||
£
|
£
|
||
Turnover
|
£16,219,519
|
£13,047,079
|
|
Gross profit
|
£5,635,448
|
£3,812,790
|
|
Operating Profit
|
£1,990,595
|
£844,369
|
Director
|
24/03/2025
|
|
|
Director
|
|
for and on behalf of
|
|
31 March 2024 | 31 March 2023 | |||
---|---|---|---|---|
Notes | £ | £ | ||
TURNOVER | 3 |
|
|
|
Cost of sales |
( |
( |
||
GROSS PROFIT |
|
|
||
Administrative expenses |
( |
( |
||
Other operating income |
|
|
||
OPERATING PROFIT | 5 |
|
|
|
Exceptional items | (125,000) | (290,247) | ||
Loss on disposal of fixed assets |
( |
( |
||
Other interest receivable and similar income | 9 |
|
|
|
Interest payable and similar charges | 10 |
( |
( |
|
PROFIT BEFORE TAXATION |
|
|
||
Tax on Profit | 11 |
( |
( |
|
PROFIT AFTER TAXATION BEING PROFIT FOR THE FINANCIAL YEAR ATTRIBUTABLE TO THE OWNERS OF THE PARENT |
|
|
||
OTHER COMPREHENSIVE INCOME FOR THE YEAR | - | - | ||
TOTAL COMPREHENSIVE INCOME FOR THE YEAR ATTRIBUTABLE TO THE OWNERS OF THE PARENT |
|
|
||
31 March 2024 | 31 March 2023 | ||||
---|---|---|---|---|---|
Notes | £ | £ | £ | £ | |
FIXED ASSETS | |||||
Intangible Assets | 12 |
|
|
||
Tangible Assets | 13 |
|
|
||
|
|
||||
CURRENT ASSETS | |||||
Stocks | 15 |
|
|
||
Debtors | 16 |
|
|
||
Cash at bank and in hand |
|
|
|||
|
|
||||
Creditors: Amounts Falling Due Within One Year | 17 |
( |
( |
||
NET CURRENT ASSETS (LIABILITIES) |
|
|
|||
TOTAL ASSETS LESS CURRENT LIABILITIES |
|
|
|||
Creditors: Amounts Falling Due After More Than One Year | 18 |
( |
( |
||
PROVISIONS FOR LIABILITIES | |||||
Provisions For Charges | 21 |
( |
( |
||
Deferred Taxation | 20 |
( |
( |
||
NET ASSETS |
|
|
|||
CAPITAL AND RESERVES | |||||
Called up share capital | 22 |
|
|
||
Profit and Loss Account |
|
|
|||
SHAREHOLDERS' FUNDS | 2,706,600 | 1,545,900 | |||
Director
|
|
31 March 2024 | 31 March 2023 | ||||
---|---|---|---|---|---|
Notes | £ | £ | £ | £ | |
FIXED ASSETS | |||||
Investments | 14 |
|
|
||
|
|
||||
CURRENT ASSETS | |||||
Debtors | 16 |
|
|
||
Cash at bank and in hand |
|
|
|||
|
|
||||
Creditors: Amounts Falling Due Within One Year | 17 |
( |
( |
||
NET CURRENT ASSETS (LIABILITIES) |
|
|
|||
TOTAL ASSETS LESS CURRENT LIABILITIES |
|
|
|||
Creditors: Amounts Falling Due After More Than One Year | 18 |
( |
( |
||
NET ASSETS |
|
|
|||
CAPITAL AND RESERVES | |||||
Called up share capital | 22 |
|
|
||
Profit and Loss Account |
|
|
|||
SHAREHOLDERS' FUNDS | 1,970,832 | 1,521,819 | |||
Director
|
|
Share Capital | Profit and Loss Account | Total | |
---|---|---|---|
£ | £ | £ | |
As at 1 March 2022 |
|
|
1,201,413 |
Profit for the period and total comprehensive income | - |
|
344,487 |
Dividends paid | - | - | - |
As at 31 March 2023 and 1 April 2023 |
|
|
1,545,900 |
Profit for the year and total comprehensive income | - |
|
1,159,800 |
Dividends paid | - | - | - |
Arising on shares issued during the period |
|
- | 900 |
As at 31 March 2024 |
|
|
2,706,600 |
Share Capital | Profit and Loss Account | Total | |
---|---|---|---|
£ | £ | £ | |
As at 1 March 2022 |
|
|
999,402 |
Profit for the period and total comprehensive income | - |
|
522,417 |
As at 31 March 2023 and 1 April 2023 |
|
|
1,521,819 |
Profit for the year and total comprehensive income | - |
|
448,113 |
Arising on shares issued during the period |
|
- | 900 |
As at 31 March 2024 |
|
|
1,970,832 |
31 March 2024 | 31 March 2023 | |||
---|---|---|---|---|
Notes | £ | £ | ||
Cash flows from operating activities | ||||
Net cash generated from operations | 1 |
|
|
|
Interest paid |
( |
( |
||
Tax paid |
( |
( |
||
Net cash generated from operating activities |
|
|
||
Cash flows from investing activities | ||||
Purchase of tangible assets |
( |
( |
||
Proceeds from disposal of tangible assets |
|
|
||
Grants received |
|
|
||
Interest received |
|
|
||
Net cash (used in)/generated from investing activities |
( |
|
||
Cash flows from financing activities | ||||
Repayment of bank borrowings |
( |
( |
||
Proceeds from new other loans | - | 175,400 | ||
Repayment of other loans | (995,800) | - | ||
Net cash (used in)/generated from financing activities |
( |
|
||
Increase in cash and cash equivalents |
|
|
||
Cash and cash equivalents at beginning of year | 2 |
|
|
|
Cash and cash equivalents at end of year | 2 |
|
|
|
31 March 2024 | 31 March 2023 | ||
---|---|---|---|
£ | £ | ||
Profit for the financial year |
|
|
|
Adjustments for: | |||
Tax on profit |
|
|
|
Interest expense |
|
|
|
Interest income |
( |
( |
|
Amortisation of intangible assets |
|
|
|
Depreciation of tangible assets |
|
|
|
Loss on disposal of intangible assets | 13,097 | - | |
Loss on disposal of tangible assets | 36,642 | 6,763 | |
Grant income | - | (600) | |
Movements in working capital: | |||
Decrease/(increase) in stocks |
|
( |
|
Decrease in trade and other debtors |
|
|
|
(Decrease)/increase in trade and other creditors |
( |
|
|
Net cash generated from operations |
|
|
|
31 March 2024 | 31 March 2023 | ||
---|---|---|---|
£ | £ | ||
Cash at bank and in hand |
|
|
|
As at 1 April 2023 | Cash flows | As at 31 March 2024 | |
---|---|---|---|
£ | £ | £ | |
Cash at bank and in hand |
|
31,257 |
|
Debts falling due within one year |
( |
8,750 |
( |
Debts falling due after more than one year | (4,110,636) | 1,018,588 | (3,092,048) |
(2,161,876) | 1,058,595 | (1,103,281) | |
31 March 2024 | 31 March 2023 | |||
---|---|---|---|---|
Notes | £ | £ | ||
Cash flows from operating activities | ||||
Net cash generated from/(used in) operations | 1 |
|
( |
|
Net cash generated from/(used in) operating activities |
|
( |
||
Cash flows from investing activities | ||||
Purchase of investment in subsidiary undertaking |
|
( |
||
Dividends received |
|
|
||
Net cash generated from investing activities |
|
|
||
Cash flows from financing activities | ||||
Proceeds from new other loans | - | 175,400 | ||
Repayment of other loans | (995,800) | - | ||
Net cash (used in)/generated from financing activities |
( |
|
||
(Decrease)/increase in cash and cash equivalents |
( |
|
||
Cash and cash equivalents at beginning of year | 2 |
|
|
|
Cash and cash equivalents at end of year | 2 |
|
|
|
31 March 2024 | 31 March 2023 | ||
---|---|---|---|
£ | £ | ||
Profit for the financial year |
|
|
|
Adjustments for: | |||
Income from shares in group undertakings | (600,000) | (662,500) | |
Movements in working capital: | |||
Decrease/(increase) in trade and other debtors |
|
( |
|
Increase/(decrease) in trade and other creditors |
|
( |
|
Net cash generated from/(used in) operations |
|
( |
|
31 March 2024 | 31 March 2023 | ||
---|---|---|---|
£ | £ | ||
Cash at bank and in hand |
|
|
|
As at 1 April 2023 | Cash flows | As at 31 March 2024 | |
---|---|---|---|
£ | £ | £ | |
Cash at bank and in hand |
|
(33,538) |
|
Debts falling due after more than one year | (4,075,400) | 995,800 | (3,079,600) |
(3,909,381) | 962,262 | (2,947,119) | |
Plant & Machinery |
|
Motor Vehicles |
|
Fixtures & Fittings |
|
Computer Equipment |
|
31 March 2024 | 31 March 2023 | ||
---|---|---|---|
£ | £ | ||
United Kingdom |
|
|
|
16,219,519 | 13,034,374 | ||
31 March 2024 | 31 March 2023 | ||
---|---|---|---|
£ | £ | ||
Grant income | - |
|
|
Other operating income |
|
|
|
108,532 | 65,177 | ||
31 March 2024 | 31 March 2023 | ||
---|---|---|---|
£ | £ | ||
Bad debts | 574,703 | 61,763 | |
Depreciation of tangible fixed assets |
|
|
|
Amortisation of intangible fixed assets |
|
|
|
31 March 2024 | 31 March 2023 | ||
---|---|---|---|
£ | £ | ||
Audit Services | |||
Audit of the group and company's financial statements |
|
|
|
31 March 2024 | 31 March 2023 | ||
---|---|---|---|
£ | £ | ||
Wages and salaries |
|
|
|
Other pension costs |
|
|
|
|
|
||
31 March 2024 | 31 March 2023 | ||
---|---|---|---|
£ | £ | ||
Bank interest receivable |
|
|
|
Other interest receivable type A | 17,919 | 30,467 | |
61,221 | 42,805 | ||
31 March 2024 | 31 March 2023 | ||
---|---|---|---|
£ | £ | ||
Bank loans and overdrafts |
|
|
|
Interest payable on other loans |
|
|
|
83,014 | 65,925 | ||
The tax charge on the profit for the year was as follows:
|
|||||
Tax Rate | 31 March 2024 | 31 March 2023 | |||
---|---|---|---|---|---|
31 March 2024 | 31 March 2023 | £ | £ | ||
Current tax | |||||
UK Corporation Tax | 25.0% | 19.0% |
|
|
|
Deferred Tax | |||||
Deferred taxation |
|
( |
|||
Total tax charge for the period |
|
|
|||
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:
|
|||||
31 March 2024 | 31 March 2023 | ||||
£ | £ | ||||
Profit before tax | 1,794,063 | 524,239 | |||
Tax on profit at 25% (UK standard rate) |
|
|
|||
Goodwill/depreciation not allowed for tax |
|
|
|||
Expenses not deductible for tax purposes |
|
|
|||
Capital allowances |
( |
( |
|||
Difference in tax rates |
|
|
|||
Total tax charge for the period | 634,263 | 179,752 | |||
Goodwill | Other | Total | |
---|---|---|---|
£ | £ | £ | |
Cost | |||
As at 1 April 2023 |
|
|
|
Disposals |
|
( |
( |
As at 31 March 2024 |
|
|
|
Amortisation | |||
As at 1 April 2023 |
|
|
|
Provided during the period |
|
|
|
Disposals |
|
( |
( |
As at 31 March 2024 |
|
|
|
Net Book Value | |||
As at 31 March 2024 |
|
|
|
As at 1 April 2023 |
|
|
|
Plant & Machinery | Motor Vehicles | Fixtures & Fittings | Computer Equipment | Total | |
---|---|---|---|---|---|
£ | £ | £ | £ | £ | |
Cost | |||||
As at 1 April 2023 |
|
|
|
|
|
Additions |
|
|
|
|
|
Disposals |
( |
( |
( |
( |
( |
As at 31 March 2024 |
|
|
|
|
|
Depreciation | |||||
As at 1 April 2023 |
|
|
|
|
|
Provided during the period |
|
|
|
|
|
Disposals |
( |
( |
( |
( |
( |
As at 31 March 2024 |
|
|
|
|
|
Net Book Value | |||||
As at 31 March 2024 |
|
|
|
|
|
As at 1 April 2023 |
|
|
|
|
|
Subsidiaries | |
---|---|
£ | |
Cost | |
As at 1 April 2023 |
|
As at 31 March 2024 |
|
Provision | |
As at 1 April 2023 |
|
As at 31 March 2024 |
|
Net Book Value | |
As at 31 March 2024 |
|
As at 1 April 2023 |
|
31 March 2024 | 31 March 2023 | ||
---|---|---|---|
£ | £ | ||
Stock |
|
|
|
Group | Company | ||||||
---|---|---|---|---|---|---|---|
31 March 2024 | 31 March 2023 | 31 March 2024 | 31 March 2023 | ||||
£ | £ | £ | £ | ||||
Due within one year | |||||||
Trade debtors |
|
|
|
|
|||
Other debtors | 1,695,463 | 3,070,256 | 422,800 | 909,300 | |||
|
|
|
|
||||
Group | Company | ||||||
---|---|---|---|---|---|---|---|
31 March 2024 | 31 March 2023 | 31 March 2024 | 31 March 2023 | ||||
£ | £ | £ | £ | ||||
Trade creditors |
|
|
|
|
|||
Bank loans and overdrafts |
|
|
|
|
|||
Other creditors | 1,452,523 | 1,546,294 | - | - | |||
Corporation tax |
|
|
|
|
|||
Taxation and social security | 144,287 | 75,237 | - | - | |||
Accruals and deferred income |
|
|
|
|
|||
|
|
|
|
||||
Group | Company | ||||||
---|---|---|---|---|---|---|---|
31 March 2024 | 31 March 2023 | 31 March 2024 | 31 March 2023 | ||||
£ | £ | £ | £ | ||||
Bank loans |
|
|
|
|
|||
Other loans |
|
|
|
|
|||
Other creditors | - | 392,972 | - | - | |||
|
|
|
|
||||
Group | ||||
---|---|---|---|---|
31 March 2024 | 31 March 2023 | |||
£ | £ | |||
Amounts falling due within one year or on demand: | ||||
Bank loans |
|
|
||
Group | Company | ||||||
---|---|---|---|---|---|---|---|
31 March 2024 | 31 March 2023 | 31 March 2024 | 31 March 2023 | ||||
£ | £ | £ | £ | ||||
Amounts falling due between one and five years: | |||||||
Bank loans |
|
|
|
|
|||
Other loans |
|
|
|
|
|||
|
|
|
|
||||
31 March 2024 | 31 March 2023 | ||
---|---|---|---|
£ | £ | ||
Other timing differences | 42,393 | 35,120 | |
Group | |||
---|---|---|---|
Deferred Tax | Other Provisions | Total | |
£ | £ | £ | |
As at 1 April 2023 |
|
|
313,919 |
Additions |
|
|
7,273 |
Utilised |
|
( |
(12,122) |
Balance at 31 March 2024 |
|
|
309,070 |