Director
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15 April 2025
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Director
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for and on behalf of
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Chartered Accountants & Statutory Auditor
Cromwell House,68 West Gate
Mansfield
Nottinghamshire
NG18 1RR
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2024 | 2023 as restated |
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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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Loss on disposal of fixed assets |
( |
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Other interest receivable and similar income | 10 |
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PROFIT BEFORE TAXATION |
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Tax on Profit | 11 |
( |
( |
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PROFIT AFTER TAXATION BEING PROFIT FOR THE FINANCIAL YEAR |
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2024 | 2023 as restated |
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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 as restated |
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Notes | £ | £ | £ | £ | |
FIXED ASSETS | |||||
Tangible Assets | 13 |
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CURRENT ASSETS | |||||
Stocks | 14 |
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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 | 19 |
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Revaluation reserve | 24 |
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Capital redemption reserve |
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Profit and Loss Account |
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SHAREHOLDERS' FUNDS | 4,404,871 | 3,483,324 | |||
Director
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Share Capital | Revaluation reserve | Capital Redemption | Profit and Loss Account | Total | |
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£ | £ | £ | £ | £ | |
As at 17 April 2022 |
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2,737,529 |
Profit for the year and total comprehensive income | - | - | - |
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765,795 |
Dividends paid | - | - | - | (20,000) | (20,000) |
Transfer from revaluation reserve | - | - | - | 7,015 | 7,015 |
Transfer to/from Profit & Loss Account | - |
( |
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- | (7,015) |
As at 15 April 2023 and 16 April 2023 as restated |
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3,483,324 |
Profit for the year and total comprehensive income | - | - | - |
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921,547 |
Transfer from revaluation reserve | - | - | - | 5,846 | 5,846 |
Transfer to/from Profit & Loss Account | - |
( |
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- | (5,846) |
As at 13 April 2024 |
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4,404,871 |
2024 | 2023 as restated |
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Notes | £ | £ | ||
Cash flows from operating activities | ||||
Net cash generated from operations | 1 |
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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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Grants received |
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Interest received |
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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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( |
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Amount introduced by directors | - | 13,000 | ||
Amount withdrawn by directors | (7,429) | - | ||
Net cash used in financing activities |
( |
( |
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Increase 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 as restated |
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£ | £ | ||
Profit for the financial year |
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Adjustments for: | |||
Tax on profit |
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Interest income |
( |
( |
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Depreciation of tangible assets |
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Loss on disposal of tangible assets | 2,802 | - | |
Grant income | - | (39) | |
Movements in working capital: | |||
Increase in stocks |
( |
( |
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Increase in trade and other debtors |
( |
( |
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(Decrease)/increase in trade and other creditors |
( |
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Net cash generated from operations |
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2024 | 2023 as restated |
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£ | £ | ||
Cash at bank and in hand |
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As at 16 April 2023 | Cash flows | As at 13 April 2024 | |
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£ | £ | £ | |
Cash at bank and in hand |
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23,546 |
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Leasehold |
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Plant & Machinery |
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Motor Vehicles |
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2024 | 2023 as restated |
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£ | £ | ||
Grant income |
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- | 39 | ||
2024 | 2023 as restated |
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£ | £ | ||
Bad debts | 36,241 | - | |
Operating lease rentals |
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Depreciation of tangible fixed assets |
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2024 | 2023 as restated |
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£ | £ | ||
Audit Services | |||
Audit of the company's financial statements |
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Other Services | |||
Taxation compliance service | - |
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2024 | 2023 as restated |
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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 as restated |
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£ | £ | ||
Emoluments |
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Company contributions to money purchase pension schemes |
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2024 | 2023 as restated |
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£ | £ | ||
Bank interest receivable |
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Other interest receivable | - | 296 | |
24,005 | 4,323 | ||
The tax charge on the profit for the year was as follows:
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Tax Rate | 2024 | 2023 as restated |
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2024 | 2023 | £ | £ | ||
Current tax | |||||
UK Corporation Tax | 25.0% | 19.2% |
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Prior period adjustment |
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Deferred Tax | |||||
Deferred taxation |
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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 | 948,618 | 980,588 | |||
Tax on profit at 25% (UK standard rate) |
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Goodwill/depreciation not allowed for tax |
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Expenses not deductible for tax purposes |
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Capital allowances |
( |
( |
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Short term timing differences |
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Prior period adjustment |
( |
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Total tax charge for the period | 27,071 | 214,793 | |||
Land & Property | ||||
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Leasehold | Plant & Machinery | Motor Vehicles | Total | |
£ | £ | £ | £ | |
Cost | ||||
As at 16 April 2023 |
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Additions |
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Disposals |
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( |
( |
As at 13 April 2024 |
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Depreciation | ||||
As at 16 April 2023 |
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Provided during the period |
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Disposals |
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( |
( |
As at 13 April 2024 |
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Net Book Value | ||||
As at 13 April 2024 |
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As at 16 April 2023 |
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2024 | 2023 as restated |
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£ | £ | ||
Stock |
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2024 | 2023 as restated |
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£ | £ | ||
Due within one year | |||
Trade debtors |
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Prepayments and accrued income |
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VAT |
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2024 | 2023 as restated |
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£ | £ | ||
Trade creditors |
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Other creditors | 47,809 | 57,651 | |
Corporation tax |
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Taxation and social security | 119,498 | 92,528 | |
Accruals and deferred income |
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2024 | 2023 as restated |
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£ | £ | ||
Accelerated capital allowances |
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Deferred Tax | Total | |
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£ | £ | |
As at 16 April 2023 |
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78,245 |
Additions |
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15,283 |
Balance at 13 April 2024 |
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93,528 |
2024 | 2023 as restated |
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---|---|---|---|
£ | £ | ||
Financial assets | |||
Financial assets measured at fair value through profit and loss | 2,164,526 | 2,140,980 | |
Financial assets that are debt Instruments measured at amortised cost | 2,355,671 | 2,038,989 | |
Financial liabilities | |||
Financial liabilities measured at amortised cost | 1,587,358 | 1,802,079 | |
2024 | 2023 as restated |
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---|---|---|---|
£ | £ | ||
Not later than one year |
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Later than one year and not later than five years |
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2024 | 2023 as restated |
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---|---|---|---|
£ | £ | ||
On equity shares: | |||
Interim dividend paid | - |
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2024
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2023
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Interim dividends paid
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£
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£
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Ordinary A Shares
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-
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10,000
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Ordinary B Shares
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-
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10,000
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Ordinary C Shares
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-
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-
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-
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20,000
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