|
2024
|
2023
|
|
|
Turnover
|
£20,472,965
|
£16,464,080
|
|
GP %
|
25%
|
35%
|
|
NP %
|
4%
|
18%
|
|
PAT %
|
3%
|
15%
|
|
Current Ratio
|
2.13:1
|
2.22:1
|
|
Director
|
|
18/06/2025
|
|
|
|
|
|
Director
|
|
|
|
for and on behalf of
|
|
|
|
Chartered Certified Accountants
56 Upper English Street
Armagh
Co. Armagh
BT61 7LG
|
| 2024 | 2023 | |||
|---|---|---|---|---|
| Notes | £ | £ | ||
| TURNOVER | 3 |
|
|
|
| Cost of sales |
( |
( |
||
| GROSS PROFIT |
|
|
||
| Administrative expenses |
( |
( |
||
| Other operating income |
|
|
||
| OPERATING PROFIT |
|
|
||
| Loss on disposal of fixed assets |
( |
( |
||
| Interest payable and similar charges |
( |
( |
||
| PROFIT BEFORE TAXATION |
|
|
||
| Tax on Profit |
( |
( |
||
| PROFIT AFTER TAXATION BEING PROFIT FOR THE FINANCIAL YEAR |
|
|
||
| Profit attributable to: | ||||
| Owners of the parent | 448,934 | 2,540,247 | ||
| Non-controlling interest | 72,528 | - | ||
|
|
|
|||
| RETAINED EARNINGS | ||||
| As at 1 July 2023 |
|
|
||
| Dividends paid | - | (3,000,000) | ||
| As at 30 June 2024 |
|
|
||
| 2024 | 2023 | ||||
|---|---|---|---|---|---|
| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Intangible Assets | 8 |
|
|
||
| Tangible Assets | 9 |
|
|
||
|
|
|
||||
| CURRENT ASSETS | |||||
| Stocks | 11 |
|
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||
| Debtors | 12 |
|
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||
| Cash at bank and in hand |
|
|
|||
|
|
|
||||
| Creditors: Amounts Falling Due Within One Year | 13 |
( |
( |
||
| NET CURRENT ASSETS (LIABILITIES) |
|
|
|||
| TOTAL ASSETS LESS CURRENT LIABILITIES |
|
|
|||
| Creditors: Amounts Falling Due After More Than One Year | 14 |
( |
( |
||
| PROVISIONS FOR LIABILITIES | |||||
| Deferred Taxation | 17 |
( |
( |
||
| NET ASSETS |
|
|
|||
| CAPITAL AND RESERVES | |||||
| Called up share capital | 19 |
|
|
||
| Profit and Loss Account |
|
|
|||
| Equity attributable to owners of the parent | 8,359,445 | 7,910,511 | |||
| Non-controlling interest |
|
|
|||
| TOTAL EQUITY | 8,431,997 | 7,910,511 | |||
|
Director
|
|
|
| 2024 | 2023 | ||||
|---|---|---|---|---|---|
| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Investments | 10 |
|
|
||
|
|
|
||||
| CURRENT ASSETS | |||||
| Cash at bank and in hand |
|
|
|||
|
|
|
||||
| Creditors: Amounts Falling Due Within One Year | 13 |
( |
|
||
| NET CURRENT ASSETS (LIABILITIES) |
|
|
|||
| TOTAL ASSETS LESS CURRENT LIABILITIES |
|
|
|||
| NET ASSETS |
|
|
|||
| CAPITAL AND RESERVES | |||||
| Called up share capital | 19 |
|
|
||
| Profit and Loss Account |
|
|
|||
| SHAREHOLDERS' FUNDS | 7,538,558 | 7,538,611 | |||
|
Director
|
|
|
| 2024 | 2023 | |||
|---|---|---|---|---|
| Notes | £ | £ | ||
| Cash flows from operating activities | ||||
| Net cash (used in)/generated from operations | 1 |
( |
|
|
| Tax (paid)/refunded |
( |
|
||
| Lease rental payments paid | (4,926) | (109,472) | ||
| Net cash (used in)/generated from operating activities |
( |
|
||
| Cash flows from investing activities | ||||
| Purchase of intangible assets |
( |
|
||
| Purchase of tangible assets |
( |
( |
||
| Proceeds from disposal of tangible assets |
|
|
||
| Right to use asset written off | 990,648 | - | ||
| Net cash used in investing activities |
( |
( |
||
| Cash flows from financing activities | ||||
| Equity dividends paid |
|
( |
||
| Proceeds from new other loans | 2,444,581 | - | ||
| Repayment of finance leases |
( |
|
||
| Government grant income | - | 1,342 | ||
| Net cash generated from/(used in) financing activities |
|
( |
||
| (Decrease)/increase in cash and cash equivalents |
( |
|
||
| Cash and cash equivalents at beginning of year | 2 |
|
|
|
| Cash and cash equivalents at end of year | 2 |
|
|
|
| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Profit for the financial year |
|
|
|
| Adjustments for: | |||
| Tax on profit |
|
|
|
| Depreciation of tangible assets |
|
|
|
| Loss on disposal of tangible assets | 647 | 29,637 | |
| Grant income | - | (1,342) | |
| Movements in working capital: | |||
| Increase in stocks |
( |
( |
|
| (Increase)/decrease in trade and other debtors |
( |
|
|
| Decrease in trade and other creditors |
( |
( |
|
| Finance costs | 4,926 | 109,472 | |
| Net cash (used in)/generated from operations |
( |
|
|
| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Cash at bank and in hand |
|
|
|
| As at 1 July 2023 | Cash flows | As at 30 June 2024 | |
|---|---|---|---|
| £ | £ | £ | |
| Cash at bank and in hand |
|
(2,782,339) |
|
| Finance leases | (2,394,638) | 927,452 | (1,467,186) |
| Debts falling due after more than one year | - | (2,444,581) | (2,444,581) |
| 1,458,676 | (4,299,468) | (2,840,792) | |
| Leasehold |
|
| Plant & Machinery |
|
| Motor Vehicles |
|
| Fixtures & Fittings |
|
| Right to use |
|
| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Grant income | - |
|
|
| Other operating income | - |
|
|
| - | 191,342 | ||
| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Audit Services | |||
| Audit of the company's financial statements |
|
|
|
| 2024 | 2023 | ||
|---|---|---|---|
| Office and administration |
|
|
|
| Production |
|
|
|
|
|
|
||
| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Emoluments |
|
|
|
| Goodwill | |||
|---|---|---|---|
| £ | |||
| Cost | |||
| As at 1 July 2023 |
|
||
| Additions |
|
||
| As at 30 June 2024 |
|
||
| Net Book Value | |||
| As at 30 June 2024 |
|
||
| As at 1 July 2023 |
|
||
| Land & Property | ||||
|---|---|---|---|---|
| Leasehold | Plant & Machinery | Motor Vehicles | Fixtures & Fittings | |
| £ | £ | £ | £ | |
| Cost | ||||
| As at 1 July 2023 |
|
|
|
|
| Additions |
|
|
|
|
| Disposals |
|
( |
|
( |
| As at 30 June 2024 |
|
|
|
|
| Depreciation | ||||
| As at 1 July 2023 |
|
|
|
|
| Provided during the period |
|
|
|
|
| Disposals |
|
( |
|
( |
| As at 30 June 2024 |
|
|
|
|
| Net Book Value | ||||
| As at 30 June 2024 |
|
|
|
|
| As at 1 July 2023 |
|
|
|
|
| Right to use | Total | |
|---|---|---|
| £ | £ | |
| Cost | ||
| As at 1 July 2023 |
|
|
| Additions |
|
|
| Disposals |
( |
( |
| As at 30 June 2024 |
|
|
| Depreciation | ||
| As at 1 July 2023 |
|
|
| Provided during the period |
|
|
| Disposals |
( |
( |
| As at 30 June 2024 |
|
|
| Net Book Value | ||
| As at 30 June 2024 |
|
|
| As at 1 July 2023 |
|
|
| Subsidiaries | |
|---|---|
| £ | |
| Cost | |
| As at 1 July 2023 |
|
| Additions |
|
| As at 30 June 2024 |
|
| Provision | |
| As at 1 July 2023 |
|
| As at 30 June 2024 |
|
| Net Book Value | |
| As at 30 June 2024 |
|
| As at 1 July 2023 |
|
| Name of undertaking | Registered Office | Class of shares held | Direct holding | Indirect holding |
|---|---|---|---|---|
|
|
England |
|
|
- |
|
|
England |
|
|
24.00% |
|
|
England |
|
|
24.00% |
| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Stock |
|
|
|
| Group | Company | ||||||
|---|---|---|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | ||||
| £ | £ | £ | £ | ||||
| Due within one year | |||||||
| Trade debtors |
|
|
|
|
|||
| Prepayments and accrued income |
|
|
|
|
|||
| Other debtors |
|
|
|
|
|||
|
|
|
|
|
||||
| Group | Company | ||||||
|---|---|---|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | ||||
| £ | £ | £ | £ | ||||
| Net obligations under finance lease and hire purchase contracts |
|
|
|
|
|||
| Trade creditors |
|
|
|
|
|||
| Corporation tax |
( |
|
|
|
|||
| Other taxes and social security |
|
|
- | - | |||
| VAT |
|
|
- | - | |||
| Other creditors |
|
|
|
|
|||
| Accruals and deferred income |
|
|
|
|
|||
|
|
|
|
|
||||
| Group | ||||
|---|---|---|---|---|
| 2024 | 2023 | |||
| £ | £ | |||
| Net obligations under finance lease and hire purchase contracts |
|
|
||
| Other loans |
|
|
||
|
|
|
|||
| Group | ||||
|---|---|---|---|---|
| 2024 | 2023 | |||
| £ | £ | |||
| Amounts falling due between one and five years: | ||||
| Other loans |
|
|
||
| Group | ||||
|---|---|---|---|---|
| 2024 | 2023 | |||
| £ | £ | |||
| The future minimum finance lease payments are as follows: | ||||
| Not later than one year |
|
|
||
| Later than one year and not later than five years |
|
|
||
| Later than five years |
|
|
||
|
|
|
|||
|
|
|
|||
| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Other timing differences | 674,554 | 352,579 | |
| Group | ||
|---|---|---|
| Deferred Tax | Total | |
| £ | £ | |
| As at 1 July 2023 |
|
352,579 |
| Additions |
|
321,975 |
| Balance at 30 June 2024 |
|
674,554 |
| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| On equity shares: | |||
| Final dividend paid | - |
|
|
|
Transaction Value
|
Balance owed by / (owed to)
|
|||
|
2024
|
2023
|
2024
|
2023
|
|
|
£
|
£
|
£
|
£
|
|
|
Hilmark Ltd
|
(120,000)
|
(120,000)
|
(6,000)
|
(6,000)
|