Directors |
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Company Number |
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Registered Office | Littlecotes Farm Dark Lane |
Ashover Hay | |
Chesterfield | |
Derbyshire | |
S45 0HD | |
Accountants | Nuvo Accountancy Limited |
Chartered Certified Accountants | |
First Floor, Sterling House | |
Outrams Wharf | |
Little Eaton | |
Derby | |
DE21 5EL | |
Auditors |
|
7 Faraday Court | |
First Avenue | |
Burton On Trent | |
Staffordshire | |
DE14 2WX | |
Director
|
30 April 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
|
2024 | 2023 | |||
---|---|---|---|---|
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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Profit on disposal of fixed assets |
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Other interest receivable and similar income | 10 |
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Interest payable and similar charges | 11 |
( |
( |
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PROFIT BEFORE TAXATION |
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Tax on Profit | 12 |
( |
( |
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PROFIT AFTER TAXATION BEING PROFIT FOR THE FINANCIAL YEAR ATTRIBUTABLE TO THE OWNERS OF THE PARENT |
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||
2024 | 2023 | |||
---|---|---|---|---|
£ | £ | |||
PROFIT FOR THE FINANCIAL YEAR |
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OTHER COMPREHENSIVE INCOME FOR THE YEAR | - | - | ||
TOTAL COMPREHENSIVE INCOME FOR THE YEAR ATTRIBUTABLE TO THE OWNERS OF THE PARENT |
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2024 | 2023 | ||||
---|---|---|---|---|---|
Notes | £ | £ | £ | £ | |
FIXED ASSETS | |||||
Intangible Assets | 13 |
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Tangible Assets | 14 |
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CURRENT ASSETS | |||||
Stocks | 16 |
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Debtors | 17 |
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Cash at bank and in hand |
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|||
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||||
Creditors: Amounts Falling Due Within One Year | 18 |
( |
( |
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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 | 19 |
( |
( |
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PROVISIONS FOR LIABILITIES | |||||
Deferred Taxation | 21 |
( |
( |
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NET ASSETS |
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CAPITAL AND RESERVES | |||||
Called up share capital | 23 |
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Revaluation reserve |
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Other reserves |
( |
( |
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Profit and Loss Account |
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SHAREHOLDERS' FUNDS | 6,762,193 | 6,465,185 | |||
Director
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2024 | 2023 | ||||
---|---|---|---|---|---|
Notes | £ | £ | £ | £ | |
FIXED ASSETS | |||||
Tangible Assets | 14 |
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Investments | 15 |
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CURRENT ASSETS | |||||
Debtors | 17 |
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Cash at bank and in hand |
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Creditors: Amounts Falling Due Within One Year | 18 |
( |
( |
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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 | 19 |
( |
( |
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PROVISIONS FOR LIABILITIES | |||||
Deferred Taxation | 21 |
( |
( |
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NET ASSETS |
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CAPITAL AND RESERVES | |||||
Called up share capital | 23 |
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Profit and Loss Account |
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SHAREHOLDERS' FUNDS | 4,154,421 | 4,020,218 | |||
Director
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|
Share Capital | Revaluation reserve | Other reserves | Profit and Loss Account | Total | |
---|---|---|---|---|---|
£ | £ | £ | £ | £ | |
As at 1 August 2022 |
|
|
( |
|
5,980,774 |
Profit for the year and total comprehensive income | - | - | - |
|
629,411 |
Dividends paid | - | - | - | (145,000) | (145,000) |
As at 31 July 2023 and 1 August 2023 |
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|
( |
|
6,465,185 |
Profit for the year and total comprehensive income | - | - | - |
|
297,008 |
As at 31 July 2024 |
|
|
( |
|
6,762,193 |
Share Capital | Profit and Loss Account | Total | |
---|---|---|---|
£ | £ | £ | |
As at 1 August 2022 |
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|
3,468,171 |
Profit for the year and total comprehensive income | - |
|
697,047 |
Dividends paid | - | (145,000) | (145,000) |
As at 31 July 2023 and 1 August 2023 |
|
|
4,020,218 |
Profit for the year and total comprehensive income | - |
|
134,203 |
As at 31 July 2024 |
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|
4,154,421 |
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 investing activities |
( |
( |
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Cash flows from financing activities | ||||
Equity dividends paid |
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( |
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Proceeds from new bank borrowings |
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( |
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Repayment of bank borrowings |
( |
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||
Amount introduced by directors | - | (34,008) | ||
Amount withdrawn by directors | (151,441) | - | ||
Net cash used in financing activities |
( |
( |
||
Increase/(decrease) in cash and cash equivalents |
|
( |
||
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 | ||
---|---|---|---|
£ | £ | ||
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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|
Amortisation of intangible assets |
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Depreciation of tangible assets |
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Profit on disposal of tangible assets | - | (4,583) | |
Movements in working capital: | |||
Decrease in stocks |
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(Increase)/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 | ||
---|---|---|---|
£ | £ | ||
Cash at bank and in hand |
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As at 1 August 2023 | Cash flows | As at 31 July 2024 | |
---|---|---|---|
£ | £ | £ | |
Cash at bank and in hand |
|
204,349 |
|
Debts falling due within one year |
( |
- |
( |
Debts falling due after more than one year | (881,389) | 63,333 | (818,056) |
(540,912) | 267,682 | (273,230) | |
2024 | 2023 | |||
---|---|---|---|---|
Notes | £ | £ | ||
Cash flows from operating activities | ||||
Net cash generated from/(used in) operations | 1 |
|
( |
|
Interest paid |
( |
( |
||
Tax paid |
( |
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||
Net cash generated from/(used in) operating activities |
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( |
||
Cash flows from investing activities | ||||
Dividends received |
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||
Cash flows from financing activities | ||||
Equity dividends paid |
|
( |
||
Proceeds from new bank borrowings |
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||
Repayment of bank borrowings |
( |
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||
Net cash (used in)/generated from financing activities |
( |
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||
Increase/(decrease) in cash and cash equivalents |
|
( |
||
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 | ||
---|---|---|---|
£ | £ | ||
Profit for the financial year |
|
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|
Adjustments for: | |||
Tax on profit |
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|
Interest expense |
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|
Income from shares in group undertakings | - | (600,000) | |
Depreciation of tangible assets |
|
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|
Movements in working capital: | |||
Decrease/(increase) in trade and other debtors |
|
( |
|
Increase/(decrease) in trade and other creditors |
|
( |
|
Net cash generated from/(used in) operations |
|
( |
|
2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
Cash at bank and in hand |
|
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|
As at 1 August 2023 | Cash flows | As at 31 July 2024 | |
---|---|---|---|
£ | £ | £ | |
Cash at bank and in hand |
|
206,730 |
|
Debts falling due within one year |
( |
- |
( |
Debts falling due after more than one year | (881,389) | 63,333 | (818,056) |
(845,230) | 270,063 | (575,167) | |
Freehold |
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Leasehold |
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Plant & Machinery |
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Motor Vehicles |
|
Fixtures & Fittings |
|
2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
Rendering of services | 816,951 | 853,231 | |
Sale of goods | 21,178,661 | 26,852,556 | |
21,995,612 | 27,705,787 | ||
2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
Rental income |
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87,423 | 78,437 | ||
2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
Bad debts | 27,825 | 9,573 | |
Depreciation of tangible fixed assets |
|
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|
Amortisation of intangible fixed assets |
|
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|
2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
Audit Services | |||
Audit of the company's financial statements |
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2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
Wages and salaries |
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Social security costs |
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Other pension costs |
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2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
Emoluments |
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Company contributions to money purchase pension schemes |
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2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
Emoluments |
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Company contributions to money purchase pension schemes |
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2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
Other interest receivable | 24 | - | |
2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
Bank loans and overdrafts |
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Other finance charges |
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82,603 | 102,335 | ||
The tax charge on the profit for the year was as follows:
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2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
Current tax | |||
UK Corporation Tax |
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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 | 464,523 | 847,863 | |
Tax on profit at 25% (UK standard rate) |
|
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Expenses not deductible for tax purposes |
|
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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 | 167,515 | 218,452 | |
Goodwill | |||
---|---|---|---|
£ | |||
Cost | |||
As at 1 August 2023 |
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||
As at 31 July 2024 |
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Amortisation | |||
As at 1 August 2023 |
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||
Provided during the period |
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As at 31 July 2024 |
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Net Book Value | |||
As at 31 July 2024 |
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||
As at 1 August 2023 |
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Land & Property | |||||
---|---|---|---|---|---|
Freehold | Leasehold | Motor Vehicles | Fixtures & Fittings | Total | |
£ | £ | £ | £ | £ | |
Cost | |||||
As at 1 August 2023 |
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Additions |
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As at 31 July 2024 |
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Depreciation | |||||
As at 1 August 2023 |
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Provided during the period |
|
|
|
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|
As at 31 July 2024 |
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Net Book Value | |||||
As at 31 July 2024 |
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|
As at 1 August 2023 |
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Land & Property | |||||
---|---|---|---|---|---|
Freehold | Leasehold | Motor Vehicles | Fixtures & Fittings | Total | |
£ | £ | £ | £ | £ | |
At cost | 4,381,248 | 975,325 | 87,840 | 250,541 | 5,694,954 |
4,381,248 | 975,325 | 87,840 | 250,541 | 5,694,954 | |
Land & Property | |
---|---|
Freehold | |
£ | |
Cost | |
As at 1 August 2023 |
|
As at 31 July 2024 |
|
Depreciation | |
As at 1 August 2023 |
|
Provided during the period |
|
As at 31 July 2024 |
|
Net Book Value | |
As at 31 July 2024 |
|
As at 1 August 2023 |
|
Subsidiaries | |
---|---|
£ | |
Cost | |
As at 1 August 2023 |
|
As at 31 July 2024 |
|
Provision | |
As at 1 August 2023 |
|
As at 31 July 2024 |
|
Net Book Value | |
As at 31 July 2024 |
|
As at 1 August 2023 |
|
Name of undertaking | Registered Office | Class of shares held | Direct holding | Indirect holding |
---|---|---|---|---|
|
Littlecotes Farm, Derbyshire, S45 0HD |
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|
- |
|
Littlecotes Farm, Derbyshire, S45 0HD |
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|
- |
|
Littlecotes Farm, Derbyshire, S45 0HD |
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|
- |
|
Littlecotes Farm, Derbyshire, S45 0HD |
|
|
- |
2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
Stock |
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|
Group | Company | ||||||
---|---|---|---|---|---|---|---|
2024 | 2023 | 2024 | 2023 | ||||
£ | £ | £ | £ | ||||
Due within one year | |||||||
Trade debtors |
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|
|||
Amounts owed by group undertakings | - | - | 1,319,094 | 1,369,094 | |||
Amounts owed by participating interests | 721,519 | 567,757 | 13,879 | 13,879 | |||
Other debtors | 109,453 | 100,399 | 6,208 | 4,186 | |||
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Group | Company | ||||||
---|---|---|---|---|---|---|---|
2024 | 2023 | 2024 | 2023 | ||||
£ | £ | £ | £ | ||||
Trade creditors |
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|||
Bank loans and overdrafts |
|
|
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|||
Amounts owed to group undertakings | - | - |
|
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|||
Other creditors | 299,731 | 355,228 | - | - | |||
Corporation tax |
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|
|
|
|||
Taxation and social security | 316,886 | 214,539 | - | - | |||
Accruals and deferred income |
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Group | Company | ||||||
---|---|---|---|---|---|---|---|
2024 | 2023 | 2024 | 2023 | ||||
£ | £ | £ | £ | ||||
Bank loans |
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Group | Company | ||||||
---|---|---|---|---|---|---|---|
2024 | 2023 | 2024 | 2023 | ||||
£ | £ | £ | £ | ||||
Amounts falling due within one year or on demand: | |||||||
Bank loans |
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|
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|||
Group | Company | ||||||
---|---|---|---|---|---|---|---|
2024 | 2023 | 2024 | 2023 | ||||
£ | £ | £ | £ | ||||
Amounts falling due between one and five years: | |||||||
Bank loans |
|
|
|
|
|||
Group | Company | ||||||
---|---|---|---|---|---|---|---|
2024 | 2023 | 2024 | 2023 | ||||
£ | £ | £ | £ | ||||
Other timing differences | 383,273 | 381,750 | 371,000 | 371,000 | |||
Group | ||
---|---|---|
Deferred Tax | Total | |
£ | £ | |
As at 1 August 2023 |
|
381,750 |
Additions |
|
1,116 |
Balance at 31 July 2024 |
|
382,866 |
Company | ||
---|---|---|
Deferred Tax | Total | |
£ | £ | |
As at 1 August 2023 |
|
371,000 |
Balance at 31 July 2024 |
|
371,000 |
As at 1 August 2023 | Amounts advanced | Amounts repaid | Amounts written off | As at 31 July 2024 | |
---|---|---|---|---|---|
£ | £ | £ | £ | £ | |
Mr Alan Proctor |
( |
( |
|
- |
( |
Mr Robert Proctor |
( |
( |
|
- |
( |
2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
On equity shares: | |||
Final dividend paid | - |
|
|