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Director
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30 May 2025
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Director
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for and on behalf of
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60 St Enoch Square
Glasgow
G1 4AG
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| 2024 | 2023 | |||
|---|---|---|---|---|
| Notes | £ | £ | ||
| TURNOVER | 3 |
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| Cost of sales |
( |
( |
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| GROSS PROFIT |
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| Distribution costs |
( |
( |
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| Administrative expenses |
( |
( |
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| OPERATING PROFIT | 4 |
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| Profit on disposal of fixed assets |
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| Interest payable and similar charges | 9 |
( |
( |
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| PROFIT BEFORE TAXATION |
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| Tax on Profit | 10 |
( |
( |
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| PROFIT AFTER TAXATION BEING PROFIT FOR THE FINANCIAL YEAR |
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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 |
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| 2024 | 2023 | ||||
|---|---|---|---|---|---|
| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Tangible Assets | 12 |
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| CURRENT ASSETS | |||||
| Stocks | 13 |
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| Debtors | 14 |
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| Cash at bank and in hand |
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| Creditors: Amounts Falling Due Within One Year | 15 |
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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 | 16 |
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| PROVISIONS FOR LIABILITIES | |||||
| Deferred Taxation | 18 |
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( |
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| NET ASSETS |
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| CAPITAL AND RESERVES | |||||
| Called up share capital | 20 |
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| Profit and Loss Account |
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| SHAREHOLDERS' FUNDS | 603,278 | 652,585 | |||
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Director
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| Share Capital | Profit and Loss Account | Total | |
|---|---|---|---|
| £ | £ | £ | |
| As at 1 September 2022 |
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554,235 |
| Profit for the year and total comprehensive income | - |
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598,350 |
| Dividends paid | - | (500,000) | (500,000) |
| As at 31 August 2023 and 1 September 2023 |
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652,585 |
| Profit for the year and total comprehensive income | - |
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470,693 |
| Dividends paid | - | (520,000) | (520,000) |
| As at 31 August 2024 |
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603,278 |
| 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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| 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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| Repayment of bank borrowings |
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| Net cash used in financing activities |
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( |
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| Increase in cash and cash equivalents |
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| 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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| Depreciation of tangible assets |
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| Profit on disposal of tangible assets | - | (8,804) | |
| Movements in working capital: | |||
| Decrease/(increase) in stocks |
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( |
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| Increase in trade and other debtors |
( |
( |
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| Increase 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 September 2023 | Cash flows | As at 31 August 2024 | |
|---|---|---|---|
| £ | £ | £ | |
| Cash at bank and in hand |
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39,430 |
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| Debts falling due within one year |
( |
(65,625) |
( |
| Debts falling due after more than one year | (253,125) | 253,125 | - |
| 76,224 | 226,930 | 303,154 | |
| Plant & Machinery |
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| Motor Vehicles |
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| Fixtures & Fittings |
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| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Wholesale | 12,529,975 | 12,927,588 | |
| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| United Kingdom |
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| 12,529,975 | 12,927,588 | ||
| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Bad debts | (16,305) | (10,507) | |
| Depreciation of tangible 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 | ||
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| £ | £ | ||
| Emoluments |
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| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Bank loans and overdrafts |
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| Other finance charges | - |
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| 6,588 | 14,444 | ||
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The tax charge on the profit for the year was as follows:
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| Tax Rate | 2024 | 2023 | |||
|---|---|---|---|---|---|
| 2024 | 2023 | £ | £ | ||
| Current tax | |||||
| UK Corporation Tax | 25.0% | 21.5% |
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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 | 627,975 | 819,090 | |||
| 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 | 157,282 | 220,740 | |||
| Goodwill | |||
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| £ | |||
| Cost | |||
| As at 1 September 2023 |
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| As at 31 August 2024 |
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| Amortisation | |||
| As at 1 September 2023 |
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| As at 31 August 2024 |
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| Net Book Value | |||
| As at 31 August 2024 |
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| As at 1 September 2023 |
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| Plant & Machinery | Motor Vehicles | Fixtures & Fittings | Total | |
|---|---|---|---|---|
| £ | £ | £ | £ | |
| Cost | ||||
| As at 1 September 2023 |
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| Additions |
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| As at 31 August 2024 |
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| Depreciation | ||||
| As at 1 September 2023 |
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| Provided during the period |
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| As at 31 August 2024 |
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| Net Book Value | ||||
| As at 31 August 2024 |
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| As at 1 September 2023 |
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| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Finished goods |
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| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Due within one year | |||
| Trade debtors |
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| Other debtors | 169,656 | 165,965 | |
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| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Trade creditors |
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| Bank loans and overdrafts |
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| Amounts owed to participating interests |
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| Other creditors | 25,711 | 23,237 | |
| Corporation tax |
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| Taxation and social security | 50,461 | 35,881 | |
| Accruals and deferred income |
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| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Bank loans | - |
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| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Amounts falling due within one year or on demand: | |||
| Bank loans |
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| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Amounts falling due between one and five years: | |||
| Bank loans | - |
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| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Other timing differences | 68,156 | 67,614 | |
| Deferred Tax | Total | |
|---|---|---|
| £ | £ | |
| As at 1 September 2023 |
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67,614 |
| Additions |
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542 |
| Balance at 31 August 2024 |
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68,156 |
| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| On equity shares: | |||
| Final dividend paid |
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