|
|
|
|
|
|
|
|
|
FINANCIAL STATEMENTS |
|
CONTENTS |
PAGE |
|
Strategic report |
1 |
|
Director's report |
4 |
|
Independent auditor's report to the members |
6 |
|
Statement of income and retained earnings |
12 |
|
Statement of financial position |
13 |
|
Statement of cash flows |
15 |
|
Notes to the financial statements |
16 |
|
|
|
STRATEGIC REPORT |
|
|
|
|
Director |
|
|
Registered office: |
|
|
|
|
|
|
|
|
|
|
|
DIRECTOR'S REPORT |
|
|
|
|
|
|
|
Director |
|
|
Registered office: |
|
|
|
|
|
|
|
|
|
|
|
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF
|
|
|
|
(Senior Statutory Auditor) |
|
For and on behalf of |
|
|
|
Chartered accountants & statutory auditor |
|
Equitable House |
|
55 Pellon Lane |
|
Halifax |
|
West Yorkshire |
|
HX1 5SP |
|
|
|
STATEMENT OF INCOME AND RETAINED EARNINGS |
|
2024 |
2023 |
||
|
Note |
£ |
£ |
|
|
TURNOVER |
4 |
|
|
|
Cost of sales |
|
|
|
--------------- |
--------------- |
|
|
GROSS PROFIT |
|
|
|
Administrative expenses |
|
|
|
|
--------------- |
-------------- |
||
|
OPERATING PROFIT |
5 |
|
|
|
Other interest receivable and similar income |
9 |
|
|
|
Interest payable and similar expenses |
10 |
|
|
|
--------------- |
-------------- |
||
|
PROFIT BEFORE TAXATION |
|
|
|
|
Tax on profit |
11 |
|
|
|
-------------- |
----------- |
||
|
PROFIT FOR THE FINANCIAL YEAR AND TOTAL COMPREHENSIVE INCOME |
|
|
|
|
-------------- |
----------- |
||
|
Dividends paid and payable |
12 |
(
|
(
|
|
RETAINED EARNINGS AT THE START OF THE YEAR |
|
|
|
-------------- |
----------- |
|
|
RETAINED EARNINGS AT THE END OF THE YEAR |
|
|
|
-------------- |
----------- |
|
|
|
|
STATEMENT OF FINANCIAL POSITION |
|
2024 |
2023 |
|||
|
Note |
£ |
£ |
£ |
£ |
|
Tangible assets |
13 |
|
|
||
|
Stocks |
14 |
|
|
||
|
Debtors |
15 |
|
|
||
|
Cash at bank and in hand |
|
|
|||
|
-------------- |
-------------- |
||||
|
|
|
||||
|
CREDITORS: amounts falling due within one year |
17 |
|
|
||
|
-------------- |
-------------- |
||||
|
NET CURRENT ASSETS/(LIABILITIES) |
|
(
|
|||
|
-------------- |
-------------- |
||||
|
TOTAL ASSETS LESS CURRENT LIABILITIES |
|
|
|||
|
CREDITORS: amounts falling due after more than one year |
18 |
|
|
||
|
PROVISIONS |
20 |
|
|
||
|
-------------- |
----------- |
||||
|
NET ASSETS |
|
|
|||
|
-------------- |
----------- |
||||
|
|
|
STATEMENT OF FINANCIAL POSITION (continued) |
|
2024 |
2023 |
|||
|
Note |
£ |
£ |
£ |
£ |
|
Called up share capital |
23 |
|
|
||
|
Profit and loss account |
|
|
|||
|
-------------- |
----------- |
||||
|
SHAREHOLDERS FUNDS |
|
|
|||
|
-------------- |
----------- |
||||
|
|
|
|
Director |
|
|
|
|
STATEMENT OF CASH FLOWS |
|
2024 |
2023 |
|
|
Note |
£ |
£ |
|
Profit for the financial year |
|
|
|
Adjustments for: |
||
|
Depreciation of tangible assets |
|
|
|
Other interest receivable and similar income |
(
|
(
|
|
Interest payable and similar expenses |
|
|
|
Loss on disposal of tangible assets |
|
– |
|
Tax on profit |
|
|
|
Accrued expenses |
|
|
|
Changes in: |
||
|
Stocks |
|
(
|
|
Trade and other debtors |
(
|
(
|
|
Trade and other creditors |
(
|
|
|
-------------- |
-------------- |
|
|
Cash generated from operations |
|
|
|
Interest paid |
(
|
(
|
|
Interest received |
|
|
|
Tax received/(paid) |
|
(
|
|
-------------- |
----------- |
|
|
Net cash from operating activities |
|
|
|
-------------- |
----------- |
|
|
Purchase of tangible assets |
(
|
(
|
|
Proceeds from sale of tangible assets |
|
– |
|
-------------- |
----------- |
|
|
Net cash used in investing activities |
(
|
(
|
|
-------------- |
----------- |
|
|
Proceeds from borrowings |
(
|
(
|
|
Payments of finance lease liabilities |
|
|
|
Dividends paid |
(
|
(
|
|
-------------- |
----------- |
|
|
Net cash from financing activities |
|
|
|
-------------- |
----------- |
|
|
NET INCREASE/(DECREASE) IN CASH AND CASH EQUIVALENTS |
|
(
|
|
|
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR |
(50,087) |
72,210 |
|
|
-------------- |
--------- |
||
|
CASH AND CASH EQUIVALENTS AT END OF YEAR |
16 |
|
(
|
|
-------------- |
--------- |
||
|
|
|
NOTES TO THE FINANCIAL STATEMENTS |
|
Plant and machinery |
- |
|
|
|
Motor vehicles |
- |
|
|
|
Fixtures, fittings and equipment |
- |
|
|
|
2024 |
2023 |
|
|
£ |
£ |
|
|
Rendering of services |
|
|
|
--------------- |
--------------- |
|
|
2024 |
2023 |
|
|
£ |
£ |
|
|
Depreciation of tangible assets |
|
|
|
Loss on disposal of tangible assets |
|
– |
|
Impairment of trade debtors |
– |
(62,000) |
|
----------- |
----------- |
|
|
2024 |
2023 |
|
|
£ |
£ |
|
|
Fees payable for the audit of the financial statements |
|
– |
|
--------- |
----- |
|
|
Other non-audit services |
|
|
|
--------- |
--------- |
|
|
2024 |
2023 |
|
|
No. |
No. |
|
|
Management staff |
160 |
94 |
|
----- |
----- |
|
|
2024 |
2023 |
|
|
£ |
£ |
|
|
Wages and salaries |
|
|
|
Social security costs |
|
|
|
Other pension costs |
|
|
|
-------------- |
-------------- |
|
|
|
|
|
|
-------------- |
-------------- |
|
|
2024 |
2023 |
|
|
£ |
£ |
|
|
Remuneration |
|
|
|
Company contributions to defined contribution pension plans |
|
|
|
--------- |
--------- |
|
|
|
|
|
|
--------- |
--------- |
|
|
2024 |
2023 |
|
|
No. |
No. |
|
|
Defined contribution plans |
|
|
|
----- |
----- |
|
|
2024 |
2023 |
|
|
£ |
£ |
|
|
Interest on cash and cash equivalents |
|
|
|
--------- |
----- |
|
|
2024 |
2023 |
|
|
£ |
£ |
|
|
Interest on banks loans and overdrafts |
|
|
|
Interest on obligations under finance leases and hire purchase contracts |
|
– |
|
Other interest payable and similar charges |
|
– |
|
----------- |
----- |
|
|
|
|
|
|
----------- |
----- |
|
|
2024 |
2023 |
|
|
£ |
£ |
|
|
UK current tax expense |
|
– |
|
Adjustments in respect of prior periods |
(
|
– |
|
----------- |
----- |
|
|
Total current tax |
|
– |
|
----------- |
----- |
|
|
Origination and reversal of timing differences |
|
|
|
----------- |
--------- |
|
|
Tax on profit |
|
|
|
----------- |
--------- |
|
|
2024 |
2023 |
|
|
£ |
£ |
|
|
Profit on ordinary activities before taxation |
|
|
|
-------------- |
----------- |
|
|
Profit on ordinary activities by rate of tax |
|
|
|
Effect of expenses not deductible for tax purposes |
|
|
|
Effect of capital allowances and depreciation |
|
(
|
|
Utilisation of tax losses |
(
|
– |
|
Unused tax losses |
– |
|
|
Effects of Research and Development allowances |
(
|
– |
|
-------------- |
----------- |
|
|
Tax on profit |
|
|
|
-------------- |
----------- |
|
|
2024 |
2023 |
|
|
£ |
£ |
|
|
Dividends paid during the year (excluding those for which a liability existed at the end of the prior year ) |
|
|
|
----------- |
--------- |
|
|
Plant and machinery |
Motor vehicles |
Fixtures, fittings and equipment |
Total |
|
|
£ |
£ |
£ |
£ |
|
|
Cost |
||||
|
At 1 August 2023 |
|
|
|
|
|
Additions |
|
|
|
|
|
Disposals |
(
|
(
|
– |
(
|
|
----------- |
-------------- |
----------- |
-------------- |
|
|
At 31 July 2024 |
|
|
|
|
|
----------- |
-------------- |
----------- |
-------------- |
|
|
Depreciation |
||||
|
At 1 August 2023 |
|
|
|
|
|
Charge for the year |
|
|
|
|
|
Disposals |
(
|
(
|
– |
(
|
|
----------- |
-------------- |
----------- |
-------------- |
|
|
At 31 July 2024 |
|
|
|
|
|
----------- |
-------------- |
----------- |
-------------- |
|
|
Carrying amount |
||||
|
At 31 July 2024 |
|
|
|
|
|
----------- |
-------------- |
----------- |
-------------- |
|
|
At 31 July 2023 |
|
|
|
|
|
----------- |
-------------- |
----------- |
-------------- |
|
|
Motor vehicles |
|
|
£ |
|
|
At 31 July 2024 |
|
|
----------- |
|
|
At 31 July 2023 |
|
|
----------- |
|
|
2024 |
2023 |
|
|
£ |
£ |
|
|
Raw materials and consumables |
|
|
|
----------- |
----------- |
|
|
2024 |
2023 |
|
|
£ |
£ |
|
|
Trade debtors |
|
|
|
Prepayments and accrued income |
|
|
|
Other debtors |
|
|
|
-------------- |
-------------- |
|
|
|
|
|
|
-------------- |
-------------- |
|
|
2024 |
2023 |
|
|
£ |
£ |
|
|
Cash at bank and in hand |
|
|
|
Bank overdrafts |
– |
(
|
|
-------------- |
--------- |
|
|
|
(
|
|
|
-------------- |
--------- |
|
|
2024 |
2023 |
|
|
£ |
£ |
|
|
Bank loans and overdrafts |
|
|
|
Trade creditors |
|
|
|
Accruals and deferred income |
|
|
|
Corporation tax |
|
|
|
Social security and other taxes |
|
|
|
Obligations under finance leases and hire purchase contracts |
|
|
|
Director loan accounts |
|
|
|
Other creditors |
|
|
|
-------------- |
-------------- |
|
|
|
|
|
|
-------------- |
-------------- |
|
|
2024 |
2023 |
||
|
£ |
£ |
||
|
Obligations under finance leases and hire purchase contracts |
121,744 |
49,138 |
|
|
----------- |
--------- |
||
|
2024 |
2023 |
|
|
£ |
£ |
|
|
Bank loans and overdrafts |
|
|
|
Obligations under finance leases and hire purchase contracts |
|
|
|
----------- |
----------- |
|
|
|
|
|
|
----------- |
----------- |
|
|
2024 |
2023 |
||
|
£ |
£ |
||
|
The following liabilities disclosed under creditors falling due after more than one year are secured by the company: |
376,781 |
147,413 |
|
|
----------- |
----------- |
||
|
2024 |
2023 |
|
|
£ |
£ |
|
|
Not later than 1 year |
|
|
|
Later than 1 year and not later than 5 years |
|
|
|
----------- |
----------- |
|
|
|
|
|
|
----------- |
----------- |
|
|
Deferred tax (note 21) |
|
|
£ |
|
|
At 1 August 2023 |
|
|
Additions |
|
|
----------- |
|
|
At 31 July 2024 |
|
|
----------- |
|
|
2024 |
2023 |
|
|
£ |
£ |
|
|
Included in provisions (note 20) |
|
|
|
----------- |
----------- |
|
|
2024 |
2023 |
|
|
£ |
£ |
|
|
Accelerated capital allowances |
|
|
|
----------- |
----------- |
|
|
2024 |
2023 |
|||
|
No. |
£ |
No. |
£ |
|
|
|
|
1 |
|
1 |
|
----- |
----- |
----- |
----- |
|
|
At 1 Aug 2023 |
Cash flows |
At 31 Jul 2024 |
|
|
£ |
£ |
£ |
|
|
Cash at bank and in hand |
|
1,783,220 |
|
|
Bank overdrafts |
(58,185) |
58,185 |
– |
|
Debt due within one year |
(59,437) |
(71,542) |
(130,979) |
|
Debt due after one year |
(168,283) |
(220,168) |
(388,451) |
|
----------- |
-------------- |
-------------- |
|
|
(
|
|
|
|
|
----------- |
-------------- |
-------------- |
|
|
2024 |
2023 |
||
|
£ |
£ |
||
|
Not later than 1 year |
|
|
|
|
Later than 1 year and not later than 5 years |
|
|
|
|
----------- |
----------- |
||
|
|
|
||
|
----------- |
----------- |
||