| Directors |
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| Company Number |
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| Registered Office | 76 Aldwick Road |
| Bognor Regis | |
| West Sussex | |
| PO21 2PE | |
| Auditors |
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| 76 Aldwick Road | |
| Bognor Regis | |
| West Sussex | |
| PO21 2PE | |
|
Director
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29th May 2025
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Director
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for and on behalf of
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76 Aldwick Road
Bognor Regis
West Sussex
PO21 2PE
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| 2024 | 2023 | |||
|---|---|---|---|---|
| Notes | £ | £ | ||
| TURNOVER |
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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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| Other operating income |
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| OPERATING (LOSS)/PROFIT | 4 |
( |
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| Other interest receivable and similar income | 9 |
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| Interest payable and similar charges | 10 |
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( |
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| (LOSS)/PROFIT BEFORE TAXATION |
( |
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| Tax on (Loss)/profit | 11 |
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( |
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| (LOSS)/PROFIT AFTER TAXATION BEING (LOSS)/PROFIT FOR THE FINANCIAL YEAR |
( |
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| 2024 | 2023 | |||
|---|---|---|---|---|
| £ | £ | |||
| LOSS 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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| Investments | 13 |
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| CURRENT ASSETS | |||||
| 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 (LIABILITIES) |
( |
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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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| PROVISIONS FOR LIABILITIES | |||||
| Deferred Taxation | 18 |
( |
( |
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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 | 353,836 | 1,220,501 | |||
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Director
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| Share Capital | Profit and Loss Account | Total | |
|---|---|---|---|
| £ | £ | £ | |
| As at 1 December 2022 |
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1,023,786 |
| Profit for the year and total comprehensive income | - |
|
196,715 |
| As at 30 November 2023 and 1 December 2023 |
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1,220,501 |
| Loss for the year and total comprehensive income | - |
( |
(866,665) |
| As at 30 November 2024 |
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353,836 |
| 2024 | 2023 | |||
|---|---|---|---|---|
| Notes | £ | £ | ||
| Cash flows from operating activities | ||||
| Net cash (used in)/generated from operations | 1 |
( |
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| Interest paid |
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( |
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| Tax paid |
( |
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| Net cash (used in)/generated from operating activities |
( |
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| Cash flows from investing activities | ||||
| Purchase of tangible assets |
( |
( |
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| Interest received |
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| Net cash used in investing activities |
( |
( |
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| Cash flows from financing activities | ||||
| Loans from group undertakings | 738,670 | - | ||
| Loan repayments to group undertakings | - | (282,006) | ||
| Net cash generated from/(used in) financing activities |
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( |
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| (Decrease)/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 | ||
|---|---|---|---|
| £ | £ | ||
| (Loss)/profit for the financial year |
( |
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| Adjustments for: | |||
| Tax on (loss)/profit |
( |
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| Interest expense | - |
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| Interest income |
( |
( |
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| Depreciation of tangible assets |
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| Movements in working capital: | |||
| Decrease in stocks |
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| (Increase)/decrease in trade and other debtors |
( |
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| Increase/(decrease) in trade and other creditors |
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( |
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| Net cash (used in)/generated from operations |
( |
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| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Cash at bank and in hand |
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| As at 1 December 2023 | Cash flows | As at 30 November 2024 | |
|---|---|---|---|
| £ | £ | £ | |
| Cash at bank and in hand |
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(282,604) |
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| Freehold |
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| Plant & Machinery |
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| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Rental income |
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| Other operating income |
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| 210,048 | 1,690,611 | ||
| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| 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 | ||
|---|---|---|---|
| Directors |
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| Management |
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| Direct labour |
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| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Emoluments |
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| 2024 | 2023 | ||
|---|---|---|---|
| Money purchase pension schemes |
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| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Bank interest receivable |
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| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Interest payable to group undertakings | - |
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The tax (credit)/charge on the (loss)/profit for the year was as follows:
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| Tax Rate | 2024 | 2023 | |||
|---|---|---|---|---|---|
| 2024 | 2023 | £ | £ | ||
| Current tax | |||||
| UK Corporation Tax | 25.0% | 25.0% |
( |
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| Deferred Tax | |||||
| Origination and reversal of timing differences |
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| Total tax charge for the period |
( |
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The actual (credit)/charge for the year can be reconciled to the expected (credit)/charge for the year based on the (loss)/profit and the standard rate of corporation tax as follows:
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| 2024 | 2023 | ||||
| £ | £ | ||||
| Profit before tax | (923,240) | 257,956 | |||
| Tax on profit at 25% (UK standard rate) |
( |
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| Goodwill/depreciation not allowed for tax |
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| Capital allowances |
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| Difference in tax rates |
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( |
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| Revenue exempt from taxation |
( |
( |
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| Group relief |
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| Tax losses for which no deferred tax was recognised |
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| Total tax charge for the period | (56,575) | 61,241 | |||
| Land & Property | |||
|---|---|---|---|
| Freehold | Plant & Machinery | Total | |
| £ | £ | £ | |
| Cost | |||
| As at 1 December 2023 |
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| Additions |
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| As at 30 November 2024 |
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| Depreciation | |||
| As at 1 December 2023 |
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| Provided during the period |
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| As at 30 November 2024 |
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| Net Book Value | |||
| As at 30 November 2024 |
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| As at 1 December 2023 |
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| Unlisted | Other | Total | |
|---|---|---|---|
| £ | £ | £ | |
| Cost | |||
| As at 1 December 2023 |
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| As at 30 November 2024 |
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| Provision | |||
| As at 1 December 2023 |
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- |
| As at 30 November 2024 |
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- |
| Net Book Value | |||
| As at 30 November 2024 |
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| As at 1 December 2023 |
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| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Raw materials and consumables |
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| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Due within one year | |||
| Trade debtors |
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| Amounts owed by group undertakings | 3,009,259 | 3,009,258 | |
| Other debtors | 117,427 | 57,672 | |
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| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Trade creditors |
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| Amounts owed to group undertakings |
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| Other creditors | 124,079 | 8,789 | |
| Corporation tax | - |
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| Taxation and social security | 74,548 | 66,502 | |
| Accruals and deferred income |
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| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Accruals and deferred income |
|
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| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Accelerated capital allowances |
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| Deferred Tax | Total | |
|---|---|---|
| £ | £ | |
| As at 1 December 2023 |
|
174,294 |
| Origination and reversal of timing differences |
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| Balance at 30 November 2024 |
|
175,873 |
| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Not later than one year |
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| Later than one year and not later than five years | - |
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