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FINANCIAL STATEMENTS |
Contents |
Page |
Strategic report |
1 |
Director's report |
2 |
Independent auditor's report to the members |
4 |
Statement of income and retained earnings |
8 |
Statement of financial position |
9 |
Notes to the financial statements |
10 |
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STRATEGIC REPORT |
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Director |
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DIRECTOR'S REPORT |
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Director |
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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 |
168 Church Road |
Hove |
East Sussex |
BN3 2DL |
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STATEMENT OF INCOME AND RETAINED EARNINGS |
2024 |
2023 |
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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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Other operating income |
5 |
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Operating profit |
6 |
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Other interest receivable and similar income |
10 |
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Interest payable and similar expenses |
11 |
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Profit before taxation |
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Tax on profit |
12 |
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-------- |
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Profit/(loss) for the financial year and total comprehensive income |
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(
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Dividends paid and payable |
13 |
(
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– |
Retained earnings at the start of the year |
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Retained earnings at the end of the year |
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STATEMENT OF FINANCIAL POSITION |
2024 |
2023 |
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Note |
£ |
£ |
£ |
Tangible assets |
14 |
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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 assets |
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Total assets less current liabilities |
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Taxation including deferred tax |
18 |
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Net assets |
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Called up share capital |
21 |
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Profit and loss account |
22 |
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Shareholders funds |
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Director |
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NOTES TO THE FINANCIAL STATEMENTS |
Plant and machinery |
- |
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Fixtures and Fittings |
- |
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Motor vehicles |
- |
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2024 |
2023 |
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£ |
£ |
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Manufacture and distribution of glass products |
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------------ |
------------ |
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2024 |
2023 |
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£ |
£ |
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Management charges receivable |
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Other operating income - rental income |
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19,941 |
--------- |
-------- |
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--------- |
-------- |
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2024 |
2023 |
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£ |
£ |
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Depreciation of tangible assets |
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Impairment of trade debtors |
(1) |
(22,252) |
--------- |
--------- |
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2024 |
2023 |
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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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Other non-audit services |
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-------- |
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2024 |
2023 |
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No. |
No. |
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Production staff |
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Administrative staff |
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---- |
---- |
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---- |
---- |
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2024 |
2023 |
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£ |
£ |
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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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------------ |
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2024 |
2023 |
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£ |
£ |
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Remuneration |
– |
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Company contributions to defined contribution pension plans |
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– |
-------- |
-------- |
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-------- |
-------- |
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2024 |
2023 |
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No. |
No. |
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Defined contribution plans |
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---- |
---- |
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2024 |
2023 |
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£ |
£ |
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Interest on cash and cash equivalents |
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-------- |
-------- |
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2024 |
2023 |
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£ |
£ |
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Dividends paid on shares classed as debt |
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Interest on loans |
22,815 |
13,700 |
-------- |
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2024 |
2023 |
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£ |
£ |
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UK current tax expense |
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Origination and reversal of timing differences |
(
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-------- |
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Tax on profit |
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-------- |
--------- |
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2024 |
2023 |
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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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Deferred tax movement |
(42,632) |
197,985 |
-------- |
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Tax on profit |
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-------- |
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2024 |
2023 |
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£ |
£ |
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Dividends proposed before the year end and recognised as a liability |
3,211,799 |
– |
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Plant and machinery |
Fixtures and fittings |
Motor vehicles |
Total |
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£ |
£ |
£ |
£ |
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Cost |
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At 1 May 2023 |
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Additions |
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– |
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At 30 April 2024 |
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Depreciation |
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At 1 May 2023 |
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Charge for the year |
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At 30 April 2024 |
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Carrying amount |
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At 30 April 2024 |
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At 30 April 2023 |
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2024 |
2023 |
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£ |
£ |
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Raw materials and consumables |
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--------- |
--------- |
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2024 |
2023 |
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£ |
£ |
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Trade debtors |
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Amounts owed by group undertakings |
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Prepayments and accrued income |
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Amounts owed by related parties |
2,770,377 |
69,132 |
Other debtors |
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------------- |
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2024 |
2023 |
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£ |
£ |
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Trade creditors |
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Accruals and deferred income |
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Corporation tax |
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Social security and other taxes |
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Shares classed as financial liabilities |
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Amounts owed to related parties |
1,711,802 |
31,070 |
Other creditors |
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------------ |
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Deferred tax (note 19) |
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£ |
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At 1 May 2023 |
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Additions |
(
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--------- |
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At 30 April 2024 |
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--------- |
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2024 |
2023 |
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£ |
£ |
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Included in provisions (note 18) |
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--------- |
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2024 |
2023 |
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£ |
£ |
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Accelerated capital allowances |
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--------- |
--------- |
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2024 |
2023 |
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No. |
£ |
No. |
£ |
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10,000 |
10,000 |
10,000 |
10,000 |
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40,000 |
40,000 |
40,000 |
40,000 |
-------- |
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50,000 |
50,000 |
50,000 |
50,000 |
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-------- |
-------- |
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2024 |
2023 |
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No. |
£ |
No. |
£ |
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10,000 |
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10,000 |
-------- |
-------- |
-------- |
-------- |
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40,000 |
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40,000 |
-------- |
-------- |
-------- |
-------- |
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