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Financial KPIs
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2024
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2023
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Turnover
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£3,727,748
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£4,088,308
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Turnover growth
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(9)%
|
10%
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|
Gross profit margin
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25%
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24%
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Profit pre tax
|
£508,772
|
£354,652
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|
Director
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|
21st May 2025
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Director
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for and on behalf of
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| 2024 | 2023 | |||
|---|---|---|---|---|
| Notes | £ | £ | ||
| TURNOVER | 3 |
|
|
|
| Cost of sales |
( |
( |
||
| GROSS PROFIT |
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||
| Administrative expenses |
( |
( |
||
| OPERATING PROFIT | 4 |
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| Loss 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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| RETAINED EARNINGS | ||||
| As at 1 October 2023 |
|
|
||
| Dividends paid | (350,000) | (250,000) | ||
| As at 30 September 2024 |
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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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| 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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| NET ASSETS |
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| CAPITAL AND RESERVES | |||||
| Called up share capital | 19 |
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| Profit and Loss Account |
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| SHAREHOLDERS' FUNDS | 988,662 | 978,009 | |||
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Director
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| 2024 | 2023 | |||
|---|---|---|---|---|
| Notes | £ | £ | ||
| Cash flows from operating activities | ||||
| Net cash generated from operations | 1 |
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| Interest paid |
( |
( |
||
| Tax paid |
( |
( |
||
| 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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| Repayment of finance leases |
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| Net cash used in financing activities |
( |
( |
||
| Decrease in cash and cash equivalents |
( |
( |
||
| Cash and cash equivalents at beginning of year | 2 |
( |
( |
|
| 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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| Loss on disposal of tangible assets | 34,380 | - | |
| Movements in working capital: | |||
| Decrease in stocks |
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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 | ||
|---|---|---|---|
| £ | £ | ||
| Overdraft facilities repayable on demand |
( |
( |
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| As at 1 October 2023 | Cash flows | As at 30 September 2024 | |
|---|---|---|---|
| £ | £ | £ | |
| Overdraft facilities repayable on demand | (169,794) | (64,846) | (234,640) |
| Finance leases | - | (142,129) | (142,129) |
| (169,794) | (206,975) | (376,769) | |
| Plant & Machinery |
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| Motor Vehicles |
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| Fixtures & Fittings |
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| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Sales | 3,727,748 | 4,088,308 | |
| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Research and Development Costs |
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|
| 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 | ||
|---|---|---|---|
| Office and administration |
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| Manufacturing |
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| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Emoluments |
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| Company contributions to money purchase pension schemes |
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| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Bank loans and overdrafts |
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| Foreign exchange charges |
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| Other finance charges |
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| 33,142 | 11,763 | ||
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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% | 25.0% |
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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 | 508,772 | 354,652 | |||
| Tax on profit at 25% (UK standard rate) |
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| Expenses not deductible for tax purposes |
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| Capital allowances |
( |
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| Difference in tax rates |
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( |
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| Deferred tax relating to changes in tax rates or laws |
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( |
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| Total tax charge for the period | 148,119 | 82,231 | |||
| Goodwill | |||
|---|---|---|---|
| £ | |||
| Cost | |||
| As at 1 October 2023 |
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||
| As at 30 September 2024 |
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| Amortisation | |||
| As at 1 October 2023 |
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| As at 30 September 2024 |
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| Net Book Value | |||
| As at 30 September 2024 |
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| As at 1 October 2023 |
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| Plant & Machinery | Motor Vehicles | Fixtures & Fittings | Total | |
|---|---|---|---|---|
| £ | £ | £ | £ | |
| Cost | ||||
| As at 1 October 2023 |
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| Additions |
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| Disposals |
( |
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( |
( |
| As at 30 September 2024 |
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| Depreciation | ||||
| As at 1 October 2023 |
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| Provided during the period |
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| Disposals |
( |
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( |
( |
| As at 30 September 2024 |
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| Net Book Value | ||||
| As at 30 September 2024 |
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| As at 1 October 2023 |
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| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Plant & Machinery |
|
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| Motor Vehicles |
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| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Materials |
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| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Due within one year | |||
| Trade debtors |
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| Other debtors | 2,380,760 | 1,721,600 | |
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| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Net obligations under finance lease and hire purchase contracts |
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| 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 | 47,386 | 8,138 | |
| Corporation tax |
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| Taxation and social security | 157,617 | 198,729 | |
| Accruals and deferred income |
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| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Net obligations under finance lease and hire purchase contracts |
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| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| The future minimum finance lease payments are as follows: | |||
| 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 | ||
|---|---|---|---|
| £ | £ | ||
| Other timing differences | 133,004 | 58,564 | |
| 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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| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| On equity shares: | |||
| Interim dividend paid |
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Loans to other related parties
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2024
|
2023
|
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|
£
|
£
|
||
|
At start of period
|
1,703,019
|
1,679,906
|
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Advanced/ (Repaid)
|
657,409
|
23,113
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At end of period
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2,360,428
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1,703,019
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Loans from Parent company
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|||
|
2024
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2023
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|
£
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£
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At start of period
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(1,067,940)
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(1,203,590)
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(Advanced)/ Repaid
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(173,960)
|
135,650
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At end of period
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(1,241,900)
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(1,067,940)
|
LED Lighting Solutions Limited
Related by the virtue of being under common control
The company trades services and goods with KLH Electronics Plc, amounting to £480,000 in 2024 (£719,000 in 2023).
Mountain Ash Investments Limited
Related by the virtue of being the parent company
The company leases a property to KLH Electronics Plc
Light Engines Europe Limited
Related by the virtue of being under common control
The company trades services and goods with KLH Electronics Plc, amounting to £485,880 in 2024 (£nil in 2023).
Agricultural LED Lighting Limited
Related by the virtue of being under common control
The company trades services and goods with KLH Electronics Plc.