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FINANCIAL STATEMENTS |
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Contents |
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OFFICERS AND PROFESSIONAL ADVISERS |
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The board of directors |
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Registered office |
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Auditor |
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Chartered Accountants & statutory auditor |
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35 Westgate |
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Huddersfield |
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HD1 1PA |
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Bankers |
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2 Cloth Hall Street |
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Huddersfield |
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West Yorkshire |
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HD1 2ES |
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Solicitors |
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Church Bank House |
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Church Bank |
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Bradford |
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BD1 4DY |
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STRATEGIC REPORT |
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Director |
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DIRECTORS' REPORT |
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Director |
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INDEPENDENT AUDITOR'S REPORT TO THE MEMBER OF
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(Senior Statutory Auditor) |
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For and on behalf of |
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Chartered Accountants & statutory auditor |
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35 Westgate |
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Huddersfield |
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HD1 1PA |
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PROFIT AND LOSS ACCOUNT |
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2024 |
2023 |
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Note |
£ |
£ |
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Turnover |
4 |
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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 |
5 |
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Operating profit |
6 |
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Income from other fixed asset investments |
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Interest payable and similar expenses |
9 |
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Profit before taxation |
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Tax on profit |
10 |
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Profit for the financial year and total comprehensive income |
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Dividends paid and payable |
11 |
(
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(
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Retained earnings at the start of the year |
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Retained earnings at the end of the year |
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BALANCE SHEET |
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2024 |
2023 |
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Note |
£ |
£ |
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Tangible assets |
12 |
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Stocks |
13 |
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Debtors |
14 |
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Investments |
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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(
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Net current assets |
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Total assets less current liabilities |
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Creditors: amounts falling due after more than one year |
17 |
(
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(
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Taxation including deferred tax |
20 |
(
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(
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Net assets |
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Called up share capital |
24 |
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Profit and loss account |
25 |
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Shareholder funds |
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Director |
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STATEMENT OF CASH FLOWS |
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2024 |
2023 |
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£ |
£ |
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Profit for the financial year |
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Adjustments for: |
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Depreciation of tangible assets |
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Government grant income |
(
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(
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Income from other fixed asset investments |
(
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(
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Interest payable and similar expenses |
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Loss/(gains) on disposal of tangible assets |
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(
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Tax on profit |
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Changes in: |
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Stocks |
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Trade and other debtors |
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(
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Trade and other creditors |
(
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(
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Cash generated from operations |
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Interest paid |
(
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(
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Tax paid |
(
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– |
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Net cash from operating activities |
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Purchase of tangible assets |
(
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(
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Proceeds from sale of tangible assets |
– |
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Dividends received |
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Net cash used in investing activities |
(
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(
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Repayments of borrowings |
(
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(
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Government grant income |
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Payments of finance lease liabilities |
(
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Dividends paid |
(
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(
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Net cash used in financing activities |
(
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(
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Net increase in cash and cash equivalents |
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Cash and cash equivalents at beginning of year |
12,160 |
7,721 |
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Cash and cash equivalents at end of year |
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NOTES TO THE FINANCIAL STATEMENTS |
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Plant and machinery |
- |
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Motor Vehicles |
- |
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Computer equipment |
- |
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2024 |
2023 |
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£ |
£ |
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Sale of goods |
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2024 |
2023 |
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£ |
£ |
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Government grant income |
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Rates rebates |
– |
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------------ |
------------ |
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2024 |
2023 |
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£ |
£ |
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Depreciation of tangible assets |
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Loss/(gains) on disposal of tangible assets |
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(
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Impairment of trade debtors |
10,489 |
(4,200) |
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Operating lease rentals |
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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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Management staff |
2 |
3 |
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2024 |
2023 |
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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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2024 |
2023 |
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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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2024 |
2023 |
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£ |
£ |
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Interest on obligations under finance leases and hire purchase contracts |
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Interest payable on bank loans and overdrafts |
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Other interest payable and similar charges |
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2024 |
2023 |
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£ |
£ |
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UK current tax expense |
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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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2024 |
2023 |
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£ |
£ |
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Profit on ordinary activities before taxation |
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Profit on ordinary activities by rate of tax |
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Effect of expenses not deductible for tax purposes |
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Effect of revenue exempt from tax |
(
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(
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Superdeduction |
– |
(
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Remeasurement of deferred tax for changes in tax rates |
– |
(
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Tax on profit |
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2024 |
2023 |
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£ |
£ |
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Dividends paid during the year (excluding those for which a liability existed at the end of the prior year ) |
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Plant and machinery |
Motor vehicles |
Equipment |
Total |
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£ |
£ |
£ |
£ |
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Cost |
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At 1 December 2023 |
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Additions |
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– |
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Disposals |
(
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– |
(
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(
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------------ |
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At 30 November 2024 |
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Depreciation |
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At 1 December 2023 |
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Charge for the year |
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Disposals |
(
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– |
(
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(
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At 30 November 2024 |
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Carrying amount |
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At 30 November 2024 |
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– |
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At 30 November 2023 |
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2024 |
2023 |
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£ |
£ |
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Raw materials and consumables |
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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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2024 |
2023 |
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£ |
£ |
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Trade debtors |
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Prepayments and accrued income |
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Amounts owed by group undertakings |
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2024 |
2023 |
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£ |
£ |
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Listed investment |
3,100 |
3,100 |
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2024 |
2023 |
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£ |
£ |
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Bank loans and overdrafts |
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Trade creditors |
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Accruals and deferred income |
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Corporation tax |
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Social security and other taxes |
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Obligations under finance leases and hire purchase contracts |
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Invoice discounting facilities |
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------------ |
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------------ |
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2024 |
2023 |
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£ |
£ |
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Bank loans and overdrafts |
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Accruals and deferred income |
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Obligations under finance leases and hire purchase contracts |
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------------ |
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2024 |
2023 |
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£ |
£ |
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Not later than 1 year |
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Later than 1 year and not later than 5 years |
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2024 |
2023 |
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£ |
£ |
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Aggregate amount of secured liabilities |
283,872 |
759,262 |
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Deferred tax (note 21) |
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£ |
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At 1 December 2023 |
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Charge against provision |
(
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------------ |
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At 30 November 2024 |
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------------ |
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2024 |
2023 |
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£ |
£ |
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Included in provisions (note 20) |
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------------ |
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2024 |
2023 |
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£ |
£ |
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Accelerated capital allowances |
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Short term timing differences |
(
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(
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------------ |
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134,367 |
152,164 |
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2024 |
2023 |
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£ |
£ |
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Deferred government grants due within one year |
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Deferred government grants due after more than one year |
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------------ |
------------ |
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Government grants released to profit or loss |
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2024 |
2023 |
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No. |
£ |
No. |
£ |
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100,000 |
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100,000 |
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At 1 Dec 2023 |
Cash flows |
At 30 Nov 2024 |
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£ |
£ |
£ |
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Cash at bank and in hand |
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5,474 |
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Debt due within one year |
(116,654) |
43,449 |
(73,205) |
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Debt due after one year |
(153,094) |
73,205 |
(79,889) |
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Current asset investments |
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– |
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------------ |
------------ |
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(
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(
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2024 |
2023 |
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£ |
£ |
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Not later than 1 year |
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Later than 1 year and not later than 5 years |
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