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For the year ended |
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Financial Statements |
Contents |
Page |
Officers and professional advisers |
1 |
Directors' report |
2 |
Directors' responsibilities statement |
4 |
Independent auditor's report to the member |
5 |
Income statement |
10 |
Statement of financial position |
11 |
Statement of changes in equity |
12 |
Notes to the financial statements |
13 |
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Officers and Professional Advisers |
The board of directors |
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M G Negus (Resigned 8 January 2024)
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G Mitchell (Resigned 9 April 2024)
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J Drake (Appointed 8 January 2024)
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P Duffill (Appointed 8 May 2024)
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Registered office |
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Auditor |
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Chartered accountants & statutory auditor |
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Enterprise House |
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38 Tyndall Court |
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Commerce Road |
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Lynch Wood |
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Peterborough |
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Cambridgeshire |
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PE2 6LR |
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Directors' Report |
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(Appointed
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(Appointed
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(Resigned
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(Resigned
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J Drake
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Director |
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Directors' Responsibilities Statement |
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Independent Auditor's Report to the Member of
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(Senior Statutory Auditor) |
For and on behalf of |
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Chartered accountants & statutory auditor |
Enterprise House |
38 Tyndall Court |
Commerce Road |
Lynch Wood |
Peterborough |
Cambridgeshire |
PE2 6LR |
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Income Statement |
2024 |
2023 |
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(restated) |
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Note |
£ |
£ |
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Turnover |
4 |
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Cost of sales |
(
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(
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------------- |
------------- |
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Gross profit |
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Administrative expenses |
(
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(
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Operating profit |
5 |
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Interest payable and similar expenses |
9 |
(
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– |
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Profit before taxation |
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Tax on profit |
10 |
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(
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---------- |
---------- |
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Profit for the financial year |
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---------- |
---------- |
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Statement of Financial Position |
2024 |
2023 |
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(restated) |
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Note |
£ |
£ |
Tangible assets |
11 |
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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 |
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Total assets less current liabilities |
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Provisions |
15 |
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Net assets |
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Called up share capital |
19 |
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Profit and loss account |
20 |
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Shareholder funds |
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J Drake
|
Director |
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Statement of Changes in Equity |
Called up share capital |
Profit and loss account |
Total |
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£ |
£ |
£ |
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At 1 August 2022 |
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Profit for the year |
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---- |
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Total comprehensive income for the year |
– |
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At 31 July 2023 |
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Profit for the year |
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---- |
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Total comprehensive income for the year |
– |
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---- |
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At 30 July 2024 |
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---- |
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Notes to the Financial Statements |
Plant and machinery |
- |
15% straight line and 25% straight line |
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Fixtures and fittings |
- |
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Equipment |
- |
25
% straight line |
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2024 |
2023 |
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(restated) |
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£ |
£ |
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Sale of goods |
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------------- |
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2024 |
2023 |
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(restated) |
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£ |
£ |
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United Kingdom |
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Overseas sales |
13,044 |
154,645 |
------------- |
------------- |
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2024 |
2023 |
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(restated) |
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£ |
£ |
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Depreciation of tangible assets |
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Gains on disposal of tangible assets |
– |
(
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Impairment of trade debtors |
(19,612) |
22,801 |
Foreign exchange differences |
(
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(
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Operating lease charges |
74,508 |
74,100 |
--------- |
--------- |
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2024 |
2023 |
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(restated) |
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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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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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(restated) |
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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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------------- |
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2024 |
2023 |
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(restated) |
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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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(restated) |
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£ |
£ |
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Other interest payable and similar charges |
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– |
--------- |
---- |
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2024 |
2023 |
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(restated) |
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£ |
£ |
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UK current tax expense |
– |
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Adjustments in respect of prior periods |
(
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– |
------- |
--------- |
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Total current tax |
(
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------- |
--------- |
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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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(restated) |
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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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Adjustment to tax charge in respect of prior periods |
(
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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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Effect of different UK tax rates on some earnings |
– |
2,280 |
Utilisation of tax losses |
(
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– |
Other tax adjustment |
(12,788) |
16,498 |
Transfer pricing adjustments |
– |
5,682 |
---------- |
---------- |
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Tax on profit |
(
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Plant and machinery |
Fixtures and fittings |
Equipment |
Total |
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£ |
£ |
£ |
£ |
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Cost |
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At 1 August 2023 (as restated) |
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147,500 |
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Additions |
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17,858 |
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At 30 July 2024 |
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165,358 |
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Depreciation |
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At 1 August 2023 |
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101,298 |
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Charge for the year |
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14,792 |
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At 30 July 2024 |
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116,090 |
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Carrying amount |
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At 30 July 2024 |
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49,268 |
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At 31 July 2023 |
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46,202 |
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2024 |
2023 |
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(restated) |
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£ |
£ |
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Work in progress |
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Finished goods and goods for resale |
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---------- |
---------- |
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---------- |
---------- |
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2024 |
2023 |
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(restated) |
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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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Corporation tax repayable |
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------------- |
------------- |
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------------- |
------------- |
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2024 |
2023 |
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(restated) |
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£ |
£ |
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Bank loans and overdrafts |
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Trade creditors |
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Amounts owed to group undertakings |
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Accruals and deferred income |
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Social security and other taxes |
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------------- |
------------- |
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Warranties |
Deferred tax (note 16) |
Dilapidation |
Total |
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£ |
£ |
£ |
£ |
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At 1 August 2023 (as restated) |
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128,731 |
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Additions |
– |
– |
7,408 |
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Charge against provision |
(
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(
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– |
(
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--------- |
--------- |
---------- |
---------- |
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At 30 July 2024 |
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136,139 |
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--------- |
--------- |
---------- |
---------- |
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2024 |
2023 |
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(restated) |
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£ |
£ |
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Included in provisions (note 15) |
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--------- |
--------- |
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2024 |
2023 |
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(restated) |
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£ |
£ |
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Accelerated capital allowances |
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Pension plan obligations |
(
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– |
--------- |
--------- |
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56,155 |
65,768 |
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--------- |
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2024 |
2023 |
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(restated) |
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No. |
£ |
No. |
£ |
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200 |
|
200 |
---- |
---- |
---- |
---- |
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2024 |
2023 |
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(restated) |
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£ |
£ |
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Not later than 1 year |
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--------- |
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