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Year ended 30 June 2023
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Period ended 30 June 2022
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£ 000s
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£ 000s
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Turnover
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3,503
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3,177
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Gross profit
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2,541
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2,343
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Operating Profit / (Loss)
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132
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(271)
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Director
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03/06/2025
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Director
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for and on behalf of
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136 Merton High Street
London
SW19 1BA
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| 2023 | 2022 | |||
|---|---|---|---|---|
| Notes | £ | £ | ||
| TURNOVER | 3 |
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| Cost of sales |
( |
( |
||
| GROSS PROFIT |
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| Administrative expenses |
( |
( |
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| OPERATING PROFIT/(LOSS) AND PROFIT/(LOSS) FOR THE FINANCIAL YEAR |
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( |
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| 2023 | 2022 | ||||
|---|---|---|---|---|---|
| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Intangible Assets | 10 |
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| Tangible Assets | 11 |
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| CURRENT ASSETS | |||||
| Stocks | 12 |
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| Debtors | 13 |
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| Cash at bank and in hand |
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| Creditors: Amounts Falling Due Within One Year | 14 |
( |
( |
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| NET CURRENT ASSETS (LIABILITIES) |
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( |
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| TOTAL ASSETS LESS CURRENT LIABILITIES |
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| NET ASSETS |
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| CAPITAL AND RESERVES | |||||
| Called up share capital | 16 |
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| Share premium account |
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| Income Statement |
( |
( |
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| SHAREHOLDERS' FUNDS | 417,229 | 285,492 | |||
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Director
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| Share Capital | Share Premium | Income Statement | Total | |
|---|---|---|---|---|
| £ | £ | £ | £ | |
| As at 1 July 2021 |
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|
( |
556,639 |
| Loss for the year and total comprehensive income | - | - |
( |
(271,147) |
| As at 30 June 2022 and 1 July 2022 |
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( |
285,492 |
| Profit for the year and total comprehensive income | - | - |
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131,737 |
| As at 30 June 2023 |
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|
( |
417,229 |
| Leasehold |
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| Plant & Machinery |
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| Fixtures & Fittings |
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| 2023 | 2022 | ||
|---|---|---|---|
| £ | £ | ||
| Sales | 3,503,030 | 3,177,713 | |
| 2023 | 2022 | ||
|---|---|---|---|
| £ | £ | ||
| 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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| 2023 | 2022 | ||
|---|---|---|---|
| £ | £ | ||
| Audit Services | |||
| Audit of the company's financial statements |
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| Other Services | |||
| Other non-audit services |
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| 2023 | 2022 | ||
|---|---|---|---|
| £ | £ | ||
| Wages and salaries |
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| Social security costs |
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| Other pension costs |
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The tax (credit)/charge on the profit/(loss) for the year or prior period was as follows:
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| 2023 | 2022 | ||
|---|---|---|---|
| £ | £ | ||
| Current tax | |||
| UK Corporation Tax |
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The actual (credit)/charge for the year or prior period ended can be reconciled to the expected charge/(credit) for the year based on the profit/(loss) and the standard rate of corporation tax as follows:
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| 2023 | 2022 | ||
| £ | £ | ||
| Profit before tax | 131,737 | (271,147) | |
| Tax on profit at 19% (UK standard rate) |
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( |
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| Tax losses utilised |
( |
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| Tax losses unutilised carried forward |
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| Total tax charge for the period | - | - | |
| Other | |||
|---|---|---|---|
| £ | |||
| Cost | |||
| As at 1 July 2022 |
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| As at 30 June 2023 |
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| Amortisation | |||
| As at 1 July 2022 |
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| Provided during the period |
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| As at 30 June 2023 |
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| Net Book Value | |||
| As at 30 June 2023 |
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| As at 1 July 2022 |
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| Land & Property | ||||
|---|---|---|---|---|
| Leasehold | Plant & Machinery | Fixtures & Fittings | Total | |
| £ | £ | £ | £ | |
| Cost or Valuation | ||||
| As at 1 July 2022 |
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| Additions |
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| Revaluation | 2,874 |
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| As at 30 June 2023 |
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| Depreciation | ||||
| As at 1 July 2022 |
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| Provided during the period |
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| As at 30 June 2023 |
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| Net Book Value | ||||
| As at 30 June 2023 |
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| As at 1 July 2022 |
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| 2023 | 2022 | ||
|---|---|---|---|
| £ | £ | ||
| Finished goods |
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| 2023 | 2022 | ||
|---|---|---|---|
| £ | £ | ||
| Due within one year | |||
| Prepayments and accrued income |
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| Amounts owed from parent company |
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| Deferred tax current asset | 8,130 | 8,130 | |
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| 2023 | 2022 | ||
|---|---|---|---|
| £ | £ | ||
| Trade creditors |
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| Amounts owed to group undertakings |
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| Amounts owed to participating interests | - |
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| Other creditors | 352,642 | 125,851 | |
| Taxation and social security | 146,536 | 71,426 | |
| Accruals and deferred income |
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| Deferred Tax | Total | |
|---|---|---|
| £ | £ | |
| As at 1 July 2022 |
( |
(8,130) |
| Balance at 30 June 2023 |
( |
(8,130) |
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30 June 2023 £
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30 June 2022 £
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Not later than one year
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245,750
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301,000
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Later than one year and not later than five years
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778,833
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1,204,000
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Later than five years
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622,000
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188,000
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1,646,583
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1,693,000
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