Director
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23 April 2025
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Director
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for and on behalf of
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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/(LOSS) | 4 |
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( |
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Profit/(loss) on disposal of fixed assets |
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( |
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Other interest receivable and similar income | 9 |
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Interest payable and similar charges | 10 |
( |
( |
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PROFIT/(LOSS) BEFORE TAXATION |
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( |
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Tax on Profit/(loss) | 11 |
( |
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PROFIT/(LOSS) AFTER TAXATION BEING PROFIT/(LOSS) FOR THE FINANCIAL YEAR |
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( |
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2024 | 2023 | |||
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£ | £ | |||
PROFIT FOR THE FINANCIAL YEAR |
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( |
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OTHER COMPREHENSIVE INCOME FOR THE YEAR | - | - | ||
TOTAL COMPREHENSIVE INCOME FOR THE YEAR |
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( |
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2024 | 2023 | ||||
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Notes | £ | £ | £ | £ | |
FIXED ASSETS | |||||
Tangible Assets | 12 |
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CURRENT ASSETS | |||||
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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Creditors: Amounts Falling Due After More Than One Year | 15 |
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( |
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PROVISIONS FOR LIABILITIES | |||||
Deferred Taxation | 16 |
( |
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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 | 264,201 | 301,620 | |||
Director
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Director
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Share Capital | Profit and Loss Account | Total | |
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£ | £ | £ | |
As at 1 January 2023 |
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736,058 |
Loss for the year and total comprehensive income | - |
( |
(154,438) |
Dividends paid | - | (280,000) | (280,000) |
As at 31 December 2023 and 1 January 2024 |
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301,620 |
Profit for the year and total comprehensive income | - |
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202,581 |
Dividends paid | - | (240,000) | (240,000) |
As at 31 December 2024 |
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264,201 |
2024 | 2023 | |||
---|---|---|---|---|
Notes | £ | £ | ||
Cash flows from operating activities | ||||
Net cash generated from operations | 1 |
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Interest paid |
( |
( |
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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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Interest received |
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Net cash (used in)/generated from investing activities |
( |
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Cash flows from financing activities | ||||
Equity dividends paid |
( |
( |
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Amount introduced by directors | 4,128 | - | ||
Amount withdrawn by directors | (164,823) | (154,076) | ||
Net cash used in financing activities |
( |
( |
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Decrease 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/(loss) for the financial year |
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( |
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Adjustments for: | |||
Tax on profit/(loss) |
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( |
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Interest expense |
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Interest income |
( |
( |
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Depreciation of tangible assets |
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(Profit)/loss on disposal of tangible assets | (22,328) | 6,086 | |
Movements in working capital: | |||
Decrease in trade and other debtors |
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Decrease 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 January 2024 | Cash flows | As at 31 December 2024 | |
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£ | £ | £ | |
Cash at bank and in hand |
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(140,096) |
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Leasehold |
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Plant & Machinery |
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Motor Vehicles |
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Fixtures & Fittings |
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Computer Equipment |
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2024 | 2023 | ||
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£ | £ | ||
Grant income |
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4,893 | 1,223 | ||
2024 | 2023 | ||
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£ | £ | ||
Bad debts | 24,000 | 41,824 | |
Operating lease rentals |
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Exchange differences |
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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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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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Directors |
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Direct and administration |
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2024 | 2023 | ||
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£ | £ | ||
Emoluments |
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Company contributions to money purchase pension schemes |
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2024 | 2023 | ||
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£ | £ | ||
Bank interest receivable |
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Other interest received | 6,097 | 2,003 | |
10,842 | 3,768 | ||
2024 | 2023 | ||
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£ | £ | ||
Bank loans and overdrafts |
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Interest payable on other loans | - |
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Factoring charges | 79,831 | 80,089 | |
88,844 | 83,661 | ||
The tax charge/(credit) on the profit/(loss) for the year was as follows:
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Tax Rate | 2024 | 2023 | |||
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2024 | 2023 | £ | £ | ||
Current tax | |||||
UK Corporation Tax | 25.0% | 19.0% |
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Deferred Tax | |||||
Deferred taxation |
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( |
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Total tax charge for the period |
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( |
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The actual charge/(credit) for the year can be reconciled to the expected charge/(credit) for the year based on the profit/(loss) and the standard rate of corporation tax as follows:
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2024 | 2023 | ||||
£ | £ | ||||
Profit before tax | 261,546 | (178,748) | |||
Tax on profit at 25% (UK standard rate) |
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( |
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Goodwill/depreciation not allowed for tax |
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Expenses not deductible for tax purposes |
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Tax losses utilised |
( |
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Capital allowances |
( |
( |
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Short term timing differences |
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( |
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Difference in tax rates |
( |
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Tax losses unutilised carried forward |
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Total tax charge for the period | 58,965 | (24,310) | |||
Land & Property | |||||
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Leasehold | Motor Vehicles | Fixtures & Fittings | Computer Equipment | Total | |
£ | £ | £ | £ | £ | |
Cost | |||||
As at 1 January 2024 |
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Additions |
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Disposals |
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( |
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( |
As at 31 December 2024 |
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Depreciation | |||||
As at 1 January 2024 |
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Provided during the period |
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Disposals |
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( |
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( |
As at 31 December 2024 |
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Net Book Value | |||||
As at 31 December 2024 |
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As at 1 January 2024 |
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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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Other debtors |
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Corporation tax recoverable assets |
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Directors' loan accounts |
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2024 | 2023 | ||
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£ | £ | ||
Trade creditors |
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Corporation tax |
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Other taxes and social security |
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VAT |
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Other creditors |
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Accruals and deferred income |
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Government grants within one year | - |
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2024 | 2023 | ||
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£ | £ | ||
Government grants after one year | - |
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2024 | 2023 | ||
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£ | £ | ||
Other Creditors | 717,168 | 907,441 |
2024 | 2023 | ||
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£ | £ | ||
Other timing differences | 16,655 | - | |
Deferred Tax | Total | |
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£ | £ | |
Deferred taxation |
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Balance at 31 December 2024 |
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16,655 |
As at 1 January 2024 | Amounts advanced | Amounts repaid | Amounts written off | As at 31 December 2024 | |
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£ | £ | £ | £ | £ | |
Mr Jonathan Weavell |
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- |
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Mr Russell Jones |
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- |
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2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
On equity shares: | |||
Interim dividend paid |
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