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Director
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02/06/2025
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Director
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for and on behalf of
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Chartered Accountants and Statutory Auditor
Unit 8, Pendeford Place
Pendeford Business Park, Wobaston Road
Wolverhampton
WV9 5HD
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| 2024 | 2023 | |||
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| Notes | £ | £ | ||
| TURNOVER |
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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 expenses |
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| OPERATING PROFIT | 3 |
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| Exceptional items | - | (96,522) | ||
| Profit on disposal of fixed assets |
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| Interest payable and similar charges | 6 |
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| PROFIT BEFORE TAXATION |
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| Tax on Profit | 7 |
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| PROFIT AFTER TAXATION BEING PROFIT FOR THE FINANCIAL YEAR |
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| 2024 | 2023 | |||
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| £ | £ | |||
| 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 | ||||
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| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Intangible Assets | 8 |
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| Tangible Assets | 9 |
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| CURRENT ASSETS | |||||
| Stocks | 10 |
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| Debtors | 11 |
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| Cash at bank and in hand |
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| Creditors: Amounts Falling Due Within One Year | 12 |
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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 | 13 |
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| PROVISIONS FOR LIABILITIES | |||||
| Deferred Taxation | 15 |
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| NET ASSETS |
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| CAPITAL AND RESERVES | |||||
| Called up share capital | 16 |
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| Profit and Loss Account |
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| SHAREHOLDERS' FUNDS | 1,182,324 | 2,271,413 | |||
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Director
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| Share Capital | Profit and Loss Account | Total | |
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| £ | £ | £ | |
| As at 1 November 2022 |
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239,525 |
| Profit for the year and total comprehensive income | - |
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2,031,888 |
| As at 31 October 2023 and 1 November 2023 |
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2,271,413 |
| Profit for the year and total comprehensive income | - |
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710,911 |
| Dividends paid | - | (1,800,000) | (1,800,000) |
| As at 31 October 2024 |
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1,182,324 |
| Improvements to leasehold property |
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| Plant & Machinery |
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| Motor Vehicles |
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| Computer Equipment |
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| 2024 | 2023 | ||
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| £ | £ | ||
| Bad debts | 60,833 | 850 | |
| Operating lease rentals |
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| Depreciation of tangible fixed assets |
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| Amortisation of intangible fixed assets |
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| 2024 | 2023 | ||
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| £ | £ | ||
| Audit Services | |||
| Audit of the company's financial statements |
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| 2024 | 2023 | ||
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| £ | £ | ||
| Bank loans and overdrafts |
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| Other finance charges |
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| 8,595 | 13,589 | ||
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The tax charge on the profit for the year was as follows:
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| Tax Rate | 2024 | 2023 | |||
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| 2024 | 2023 | £ | £ | ||
| Current tax | |||||
| UK Corporation Tax | 25.0% | 23.0% |
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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 | 1,172,117 | 2,515,766 | |||
| 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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| Current tax from unrecognised tax loss or credit |
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| Deferred tax relating to changes in tax rates or laws |
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| Total tax charge for the period | 461,206 | 483,878 | |||
| Software | |||
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| Cost | |||
| As at 1 November 2023 |
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| Additions |
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| As at 31 October 2024 |
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| Amortisation | |||
| As at 1 November 2023 |
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| Provided during the period |
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| As at 31 October 2024 |
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| Net Book Value | |||
| As at 31 October 2024 |
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| As at 1 November 2023 |
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| Land & Property | ||||
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| Improvements to leasehold property | Plant & Machinery | Motor Vehicles | Total | |
| £ | £ | £ | £ | |
| Cost | ||||
| As at 1 November 2023 |
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| Additions |
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| As at 31 October 2024 |
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| Depreciation | ||||
| As at 1 November 2023 |
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| Provided during the period |
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| As at 31 October 2024 |
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| Net Book Value | ||||
| As at 31 October 2024 |
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| As at 1 November 2023 |
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| 2024 | 2023 | ||
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| £ | £ | ||
| Finished goods and goods for resale |
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| £ | £ | ||
| Due within one year | |||
| Trade debtors |
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| Amounts recoverable on contracts |
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| Prepayments and accrued income |
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| Other debtors |
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| Corporation tax recoverable assets |
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| Amounts owed by group undertakings |
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| 2024 | 2023 | ||
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| £ | £ | ||
| Trade creditors |
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| Bank loans and overdrafts |
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| Payments on account |
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| Amounts owed to group undertakings |
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| Corporation tax | - |
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| Taxation and social security | 20,968 | 12,777 | |
| Accruals and deferred income |
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| 2024 | 2023 | ||
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| £ | £ | ||
| Bank loans |
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| 2024 | 2023 | ||
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| £ | £ | ||
| Amounts falling due within one year or on demand: | |||
| Bank loans |
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| 2024 | 2023 | ||
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| Amounts falling due between one and five years: | |||
| Bank loans |
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| 2024 | 2023 | ||
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| £ | £ | ||
| Other timing differences | 72,405 | 33,778 | |
| 2024 | 2023 | ||
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| £ | £ | ||
| Not later than one year |
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| Later than one year and not later than five years |
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| 2024 | 2023 | ||
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| £ | £ | ||
| On equity shares: | |||
| Final dividend paid |
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