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Financial Statements |
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Contents |
Page |
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Strategic report |
1 |
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Directors' report |
3 |
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Independent auditor's report to the members |
5 |
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Consolidated statement of income and retained earnings |
9 |
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Company statement of income and retained earnings |
10 |
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Consolidated statement of financial position |
11 |
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Company statement of financial position |
12 |
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Consolidated statement of cash flows |
13 |
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Notes to the financial statements |
14 |
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Strategic Report |
| 2024 | 2023 | ||
| £ | £ | ||
| Turnover | 18,673,601 | 14,584,414 | |
| Gross profit | 5,297,527 | 4,557,438 | |
| Gross proft margin % | 28 | 31 | |
| Net profit margin (before tax) % | 9 | 11 | |
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Director |
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Registered office: |
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Directors' Report |
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Director |
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Registered office: |
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Independent Auditor's Report to the Members 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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Camburgh House |
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27 New Dover Road |
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Canterbury |
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Kent |
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CT1 3DN |
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Consolidated Statement of Income and Retained Earnings |
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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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------------- |
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Gross profit |
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Administrative expenses |
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Other operating income |
5 |
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------------ |
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Operating profit |
6 |
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Other interest receivable and similar income |
10 |
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Interest payable and similar expenses |
11 |
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Profit before taxation |
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Tax on profit |
12 |
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Profit for the financial year and total comprehensive income |
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------------ |
------------ |
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Dividends paid and payable |
13 |
(
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(
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Retained earnings at the start of the year |
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------------ |
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Retained earnings at the end of the year |
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------------ |
------------ |
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Company Statement of Income and Retained Earnings |
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2024 |
2023 |
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Note |
£ |
£ |
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Profit for the financial year and total comprehensive income |
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Dividends paid and payable |
13 |
(
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(
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Retained earnings at the start of the year |
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------------ |
------------ |
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Retained earnings at the end of the year |
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------------ |
------------ |
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Consolidated Statement of Financial Position |
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2024 |
2023 |
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Note |
£ |
£ |
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Tangible assets |
14 |
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Debtors |
16 |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
17 |
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------------ |
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Net current assets |
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------------ |
------------ |
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Total assets less current liabilities |
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Creditors: amounts falling due after more than one year |
18 |
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Provisions |
20 |
(
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(
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------------ |
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Net assets |
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------------ |
------------ |
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Called up share capital |
24 |
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Profit and loss account |
25 |
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------------ |
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Shareholders funds |
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------------ |
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Director |
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Company Statement of Financial Position |
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2024 |
2023 |
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Note |
£ |
£ |
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Investments |
15 |
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Debtors |
16 |
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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 |
17 |
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------------ |
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Net current assets |
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------------ |
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Total assets less current liabilities |
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------------ |
------------ |
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Net assets |
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------------ |
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Called up share capital |
24 |
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Profit and loss account |
25 |
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------------ |
------------ |
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Shareholders funds |
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------------ |
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Director |
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Consolidated 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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Other interest receivable and similar income |
(
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(
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Interest payable and similar expenses |
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Gains on disposal of tangible assets |
(
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(
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Tax on profit |
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Accrued (income)/expenses |
(
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Changes in: |
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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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Interest received |
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Tax paid |
(
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(
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------------ |
------------ |
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Net cash from operating activities |
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------------ |
------------ |
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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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------------ |
------------ |
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Net cash used in investing activities |
(
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(
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------------ |
------------ |
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Repayment of borrowings |
(
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(
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Repayment of finance lease liabilities |
(
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Dividends paid |
(
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(
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------------ |
------------ |
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Net cash used in financing activities |
(
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(
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------------ |
------------ |
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Net decrease in cash and cash equivalents |
(
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(
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Cash and cash equivalents at beginning of year |
3,440,897 |
3,631,594 |
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Cash and cash equivalents at end of year |
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------------ |
------------ |
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Notes to the Financial Statements |
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Freehold property |
- |
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Plant and machinery |
- |
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Fixtures and fittings |
- |
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Motor vehicles |
- |
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Equipment |
- |
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2024 |
2023 |
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£ |
£ |
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Rendering of services |
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------------- |
------------- |
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2024 |
2023 |
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£ |
£ |
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Rental income |
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Other operating income |
(
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--------- |
--------- |
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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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Gains on disposal of tangible assets |
(
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(
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Impairment of trade debtors |
27,944 |
18,209 |
|
--------- |
--------- |
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2024 |
2023 |
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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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Administrative staff |
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Management staff |
15 |
4 |
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Number of care staff |
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---- |
---- |
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---- |
---- |
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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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------------- |
------------- |
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------------- |
------------- |
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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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--------- |
--------- |
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2024 |
2023 |
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No. |
No. |
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Defined contribution plans |
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---- |
---- |
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2024 |
2023 |
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£ |
£ |
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Interest on cash and cash equivalents |
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Other interest receivable and similar income |
|
– |
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-------- |
------- |
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|
-------- |
------- |
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2024 |
2023 |
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£ |
£ |
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Interest on banks loans and overdrafts |
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Interest on obligations under finance leases and hire purchase contracts |
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Other interest payable and similar charges |
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--------- |
--------- |
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--------- |
--------- |
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2024 |
2023 |
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£ |
£ |
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UK current tax income |
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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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--------- |
--------- |
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Tax on profit |
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--------- |
--------- |
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2024 |
2023 |
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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 |
– |
(160) |
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Deferred tax |
(
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(
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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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£ |
£ |
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'A' Ordinary |
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'B' Ordinary |
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'C' Ordinary |
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------------ |
--------- |
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------------ |
--------- |
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Group |
Freehold property |
Plant and machinery |
Fixtures and fittings |
Motor vehicles |
Equipment |
Total |
|
£ |
£ |
£ |
£ |
£ |
£ |
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Cost |
||||||
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At 1 Sep 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 31 Aug 2024 |
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------------ |
------- |
--------- |
--------- |
--------- |
------------ |
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Depreciation |
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At 1 Sep 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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------------ |
------- |
--------- |
--------- |
--------- |
------------ |
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At 31 Aug 2024 |
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------------ |
------- |
--------- |
--------- |
--------- |
------------ |
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Carrying amount |
||||||
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At 31 Aug 2024 |
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– |
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------------ |
------- |
--------- |
--------- |
--------- |
------------ |
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At 31 Aug 2023 |
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------------ |
------- |
--------- |
--------- |
--------- |
------------ |
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Group |
Motor vehicles |
|
£ |
|
|
At 31 August 2024 |
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|
--------- |
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At 31 August 2023 |
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|
--------- |
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Company |
Shares in group undertakings |
|
£ |
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Cost |
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At 1 September 2023 |
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Additions |
|
|
------- |
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At 31 August 2024 |
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|
------- |
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Impairment |
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At 1 September 2023 and 31 August 2024 |
– |
|
------- |
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|
Carrying amount |
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At 31 August 2024 |
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|
------- |
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At 31 August 2023 |
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------- |
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Registered office |
Class of share |
Percentage of shares held |
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Subsidiary undertakings |
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109 Barton Road, Dover, Kent, CT16 2LX |
'A' Ordinary |
33.333 |
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'B' Ordinary |
33.333 |
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'C' Ordinary |
33.333 |
||
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109 Barton Road, Dover, Kent, CT16 2LX |
'A' Ordinary |
33.333 |
|
'B' Ordinary |
33.333 |
||
|
'C' Ordinary |
33.333 |
||
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109 Barton Road, Dover, Kent, CT16 2LX |
'A' Ordinary |
33.333 |
|
'B' Ordinary |
33.333 |
||
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'C' Ordinary |
33.333 |
||
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109 Barton Road, Dover, Kent, CT16 2LX |
Ordinary |
100 |
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Group |
Company |
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2024 |
2023 |
2024 |
2023 |
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|
£ |
£ |
£ |
£ |
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Trade debtors |
|
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|
– |
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Amounts owed by group undertakings |
– |
– |
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Prepayments and accrued income |
|
|
– |
– |
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Directors loan account |
– |
|
– |
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Other debtors |
|
|
– |
– |
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------------ |
------------ |
------------ |
------------ |
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------------ |
------------ |
------------ |
------------ |
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Group |
Company |
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2024 |
2023 |
2024 |
2023 |
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|
£ |
£ |
£ |
£ |
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Bank loans and overdrafts |
|
|
– |
– |
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Trade creditors |
|
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– |
– |
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Amounts owed to group undertakings |
– |
– |
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Accruals and deferred income |
|
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Corporation tax |
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– |
– |
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Social security and other taxes |
|
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– |
– |
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Obligations under finance leases and hire purchase contracts |
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|
– |
– |
|
Director loan accounts |
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Other creditors |
|
|
– |
– |
|
------------ |
------------ |
------------ |
------------ |
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------------ |
------------ |
------------ |
------------ |
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Group |
Company |
|||
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2024 |
2023 |
2024 |
2023 |
|
|
£ |
£ |
£ |
£ |
|
|
Bank loans and overdrafts |
|
|
– |
– |
|
Obligations under finance leases and hire purchase contracts |
|
|
– |
– |
|
--------- |
------------ |
---- |
---- |
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|
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|
– |
– |
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|
--------- |
------------ |
---- |
---- |
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Group |
Company |
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2024 |
2023 |
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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|
– |
– |
|
|
--------- |
--------- |
---- |
---- |
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|
Group |
Deferred tax (note 21) |
|
£ |
|
|
At 1 September 2023 |
(
|
|
Additions |
(
|
|
-------- |
|
|
At 31 August 2024 |
(
|
|
-------- |
|
|
Group |
Company |
|||
|
2024 |
2023 |
2024 |
2023 |
|
|
£ |
£ |
£ |
£ |
|
|
Included in provisions (note 20) |
(
|
(
|
– |
– |
|
-------- |
------- |
---- |
---- |
|
|
Group |
Company |
|||
|
2024 |
2023 |
2024 |
2023 |
|
|
£ |
£ |
£ |
£ |
|
|
Timing differences on capital allowances |
(
|
(
|
– |
– |
|
-------- |
------- |
---- |
---- |
|
| 2024 | 2020 | ||
| £ | £ | ||
| Trade debtors | 681,963 | 973,831 | |
| Other debtors | 9,002 | 13,559 | |
| --------- | --------- | ||
| 690,965 | 987,390 | ||
| --------- | --------- | ||
| 2024 | 2023 | ||
| £ | £ | ||
| Bank loans and overdrafts | 1,564,614 | 1,326,500 | |
| Trade creditors | 66,707 | 29,509 | |
| Obligations under finance leases and hire purchase contracts | 129,152 | 158,780 | |
| Director loan accounts | 498,615 | 541,257 | |
| Other creditors | 603,282 | 558,599 | |
| ------------ | ------------ | ||
| 2,862,370 | 2,614,645 | ||
| ------------ | ------------ | ||
|
2024 |
2023 |
|||
|
No. |
£ |
No. |
£ |
|
|
|
|
1,004 |
|
1,004 |
|
|
|
1,004 |
|
1,004 |
|
|
|
1,004 |
|
1,004 |
|
------- |
------- |
------- |
------- |
|
|
|
3,012 |
|
3,012 |
|
|
------- |
------- |
------- |
------- |
|
|
At 1 Sep 2023 |
Cash flows |
At 31 Aug 2024 |
|
|
£ |
£ |
£ |
|
|
Cash at bank and in hand |
|
(203,523) |
|
|
Debt due within one year |
(645,841) |
(66,090) |
(711,931) |
|
Debt due after one year |
(1,219,344) |
305,857 |
(913,487) |
|
------------ |
--------- |
------------ |
|
|
|
|
|
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|
------------ |
--------- |
------------ |
|
|
|
|
Notes to the Financial Statements (continued) |
|
Group |
Company |
|||
|
2024 |
2023 |
2024 |
2023 |
|
|
£ |
£ |
£ |
£ |
|
|
Not later than 1 year |
|
|
– |
– |
|
Later than 1 year and not later than 5 years |
|
|
– |
– |
|
--------- |
--------- |
---- |
---- |
|
|
|
|
– |
– |
|
|
--------- |
--------- |
---- |
---- |
|