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Financial Statements |
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Contents |
Pages |
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Strategic report |
1 to 2 |
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Directors' report |
3 to 4 |
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Independent auditor's report to the members |
5 to 9 |
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Statement of comprehensive income |
10 |
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Statement of financial position |
11 |
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Statement of changes in equity |
12 |
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Statement of cash flows |
13 |
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Notes to the financial statements |
14 to 21 |
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Strategic Report |
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31/10/24 |
31/10/23 |
Increase/(decrease) |
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Turnover |
12,343,687 |
16,415,847 |
-24.81% |
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Gross profit |
1,477,795 |
2,318,397 |
-36.26% |
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Operating profit |
18,048 |
893,883 |
-97.98% |
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Net assets |
3,782,889 |
4,120,599 |
-8.20% |
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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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15 Ropergate End |
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Pontefract |
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West Yorkshire |
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WF8 1JT |
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Statement of Comprehensive Income |
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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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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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Statement of Financial Position |
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2024 |
2023 |
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Note |
£ |
£ |
£ |
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Tangible assets |
13 |
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Stocks |
14 |
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Debtors |
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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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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Taxation including deferred tax |
18 |
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Net assets |
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Called up share capital |
21 |
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Capital redemption reserve |
22 |
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– |
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Profit and loss account |
22 |
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Shareholders funds |
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Director |
Director |
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Statement of Changes in Equity |
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Called up share capital |
Capital redemption reserve |
Profit and loss account |
Total |
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£ |
£ |
£ |
£ |
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At 1 November 2022 |
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– |
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Profit for the year |
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Total comprehensive income for the year |
– |
– |
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At 31 October 2023 |
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– |
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Profit for the year |
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Total comprehensive income for the year |
– |
– |
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Cancellation of subscribed capital |
(
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(
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(
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Total investments by and distributions to owners |
(
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(
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(
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-------- |
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At 31 October 2024 |
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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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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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Tax on profit |
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Accrued (income)/expenses |
(
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Changes in: |
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Stocks |
(
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(
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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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Net cash (used in)/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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Net cash used in investing activities |
(
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(
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Purchase of own shares |
(
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– |
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Proceeds from borrowings |
(
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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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Net (decrease)/increase in cash and cash equivalents |
(
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Cash and cash equivalents at beginning of year |
3,099,701 |
2,679,538 |
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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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Freehold Property |
- |
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Plant & machinery |
- |
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Fixtures & Fittings |
- |
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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 caravans and accessories |
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------------- |
------------- |
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2024 |
2023 |
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£ |
£ |
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Commission receivable |
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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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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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Production staff |
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Administrative staff |
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Management staff |
2 |
4 |
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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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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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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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Aggregate remuneration |
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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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--------- |
-------- |
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2024 |
2023 |
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£ |
£ |
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Interest on banks loans and overdrafts |
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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 expense |
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Adjustments in respect of prior periods |
(
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(
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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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£ |
£ |
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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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(
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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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Rounding on tax charge |
(
5) |
(
19) |
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-------- |
--------- |
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Tax on profit |
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Land and buildings |
Plant and machinery |
Fixtures and fittings |
Motor vehicles |
Equipment |
Total |
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£ |
£ |
£ |
£ |
£ |
£ |
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Cost |
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At 1 Nov 2023 |
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Additions |
– |
– |
– |
– |
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------------ |
-------- |
-------- |
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--------- |
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At 31 Oct 2024 |
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------------ |
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-------- |
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Depreciation |
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At 1 Nov 2023 |
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Charge for the year |
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------------ |
-------- |
-------- |
-------- |
--------- |
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At 31 Oct 2024 |
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------------ |
-------- |
-------- |
-------- |
--------- |
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Carrying amount |
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At 31 Oct 2024 |
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------------ |
-------- |
-------- |
-------- |
--------- |
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At 31 Oct 2023 |
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------------ |
-------- |
-------- |
-------- |
--------- |
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2024 |
2023 |
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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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£ |
£ |
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Trade debtors |
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Prepayments and accrued income |
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Other debtors |
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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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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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------------ |
------------ |
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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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--------- |
--------- |
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Deferred tax (note 19) |
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£ |
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At 1 November 2023 |
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Charge against provision |
(
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-------- |
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At 31 October 2024 |
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-------- |
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2024 |
2023 |
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£ |
£ |
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Included in provisions (note 18) |
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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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-------- |
-------- |
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2024 |
2023 |
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No. |
£ |
No. |
£ |
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1,001 |
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1,846 |
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-------- |
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At 1 Nov 2023 |
Cash flows |
At 31 Oct 2024 |
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£ |
£ |
£ |
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Cash at bank and in hand |
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(836,152) |
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Debt due within one year |
(370,688) |
147,238 |
(223,450) |
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Debt due after one year |
(143,175) |
11,403 |
(131,772) |
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------------ |
--------- |
------------ |
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(
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------------ |
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Notes to the Financial Statements (continued) |
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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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-------- |
-------- |
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-------- |
-------- |
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