Director
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31 March 2025
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Director
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for and on behalf of
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7 Faraday Court
First Avenue
Burton on Trent
Staffordshire
DE14 2WX
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2024 | 2023 | |||
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Notes | £ | £ | ||
TURNOVER |
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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 | 3 |
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Loss on disposal of fixed assets |
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( |
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Other interest receivable and similar income | 8 |
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Interest payable and similar charges | 9 |
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( |
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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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Cash at bank and in hand |
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Creditors: Amounts Falling Due Within One Year | 14 |
( |
( |
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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 |
( |
( |
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NET ASSETS |
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CAPITAL AND RESERVES | |||||
Called up share capital | 16 |
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Profit and Loss Account |
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SHAREHOLDERS' FUNDS | 18,013,862 | 16,038,265 | |||
Director
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Share Capital | Profit and Loss Account | Total | |
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£ | £ | £ | |
As at 1 May 2022 |
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14,785,016 |
Profit for the year and total comprehensive income | - |
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1,253,249 |
As at 30 April 2023 and 1 May 2023 |
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16,038,265 |
Profit for the year and total comprehensive income | - |
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1,975,597 |
As at 30 April 2024 |
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18,013,862 |
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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( |
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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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Proceeds from disposal of tangible assets |
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Grants received |
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Interest received |
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Amounts received from associated companies | 2,998,517 | 111,692 | ||
Net cash generated from investing 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 | ||
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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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Interest income |
( |
( |
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Depreciation of tangible assets |
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Loss on disposal of tangible assets | - | 2,748 | |
Grant income | (14,449) | - | |
Movements in working capital: | |||
Increase in stocks |
( |
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(Increase)/decrease 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 | ||
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£ | £ | ||
Cash at bank and in hand |
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As at 1 May 2023 | Cash flows | As at 30 April 2024 | |
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£ | £ | £ | |
Cash at bank and in hand |
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4,974,641 |
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Freehold |
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Plant & Machinery |
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Motor Vehicles |
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Fixtures & Fittings |
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2024 | 2023 | ||
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£ | £ | ||
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 assurance services | - |
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Other non-audit services |
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18,816 | 54,976 | ||
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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Direct staff |
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Management |
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2024 | 2023 | ||
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£ | £ | ||
Company contributions to money purchase pension schemes |
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2024 | 2023 | ||
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Money purchase pension schemes |
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2024 | 2023 | ||
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£ | £ | ||
Interest on short term deposits |
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2024 | 2023 | ||
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£ | £ | ||
Other finance charges | - |
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The tax charge on the profit for the year was as follows:
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2024 | 2023 | ||
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£ | £ | ||
Current tax | |||
UK Corporation Tax |
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Deferred Tax | |||
Accelerated capital allowances. |
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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 | 2,643,789 | 1,580,858 | |
Tax on profit at 25% (UK standard rate) |
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Expenses not deductible for tax purposes |
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Capital allowances |
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Changes in tax provisions due to legislation |
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Total tax charge for the period | 668,192 | 327,609 | |
Land & Property | ||||
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Freehold | Plant & Machinery | Fixtures & Fittings | Total | |
£ | £ | £ | £ | |
Cost | ||||
As at 1 May 2023 |
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Additions |
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As at 30 April 2024 |
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Depreciation | ||||
As at 1 May 2023 |
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Provided during the period |
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As at 30 April 2024 |
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Net Book Value | ||||
As at 30 April 2024 |
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As at 1 May 2023 |
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2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
Stock |
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2024 | 2023 | ||
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£ | £ | ||
Due within one year | |||
Trade debtors |
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Prepayments and accrued income |
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Amounts owed by associated companies | 3,901,717 | 6,900,234 | |
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2024 | 2023 | ||
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£ | £ | ||
Trade creditors |
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Other creditors | 10,896 | 34,504 | |
Corporation tax |
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Taxation and social security | 53,858 | 53,706 | |
Accruals and deferred income |
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Deferred Tax | Total | |
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£ | £ | |
As at 1 May 2023 |
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43,507 |
Accelerated capital allowances. |
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Balance at 30 April 2024 |
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84,359 |