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Financial Statements |
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Contents |
Page |
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Officers and professional advisers |
1 |
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Strategic report |
2 |
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Directors' report |
5 |
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Independent auditor's report to the members |
7 |
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Statement of income and retained earnings |
11 |
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Statement of financial position |
12 |
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Statement of cash flows |
13 |
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Notes to the financial statements |
14 |
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Officers and Professional Advisers |
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The board of directors |
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Registered office |
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Auditor |
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Chartered accountants & statutory auditor |
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No 1 Pavilion Square |
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Cricketers Way |
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Westhoughton |
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Bolton |
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BL5 3AJ |
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Bankers |
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10 Yorkshire Street |
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Oldham |
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Lancashire |
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OL1 1QT |
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Strategic Report |
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Director |
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Registered office: |
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Directors' Report |
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Director |
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Registered office: |
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Independent Auditor's Report to the Members of
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(Senior Statutory Auditor) |
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For and on behalf of |
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Chartered accountants & statutory auditor |
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No 1 Pavilion Square |
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Cricketers Way |
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Westhoughton |
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Bolton |
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BL5 3AJ |
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Statement of Income and Retained Earnings |
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2024 |
2023 |
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Note |
£ |
£ |
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Turnover |
4 |
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Cost of sales |
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Gross profit |
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Administrative expenses |
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Operating profit |
5 |
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Other interest receivable and similar income |
9 |
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Interest payable and similar expenses |
10 |
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Profit before taxation |
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Tax on profit |
11 |
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Profit for the financial year and total comprehensive income |
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Dividends paid and payable |
12 |
(
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(
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Retained earnings at the start of the year |
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Retained earnings at the end of the year |
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Statement of Financial Position |
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2024 |
2023 |
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Note |
£ |
£ |
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Tangible assets |
13 |
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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 |
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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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Taxation including deferred tax |
18 |
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Net assets |
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Called up share capital |
21 |
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Capital redemption reserve |
22 |
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Profit and loss account |
22 |
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Shareholders funds |
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Director |
Director |
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Statement of Cash Flows |
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2024 |
2023 |
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£ |
£ |
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Profit for the financial year |
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Adjustments for: |
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Depreciation of tangible assets |
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Other interest receivable and similar income |
(
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(
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Interest payable and similar expenses |
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Tax on profit |
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Accrued expenses/(income) |
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(
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Changes in: |
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Stocks |
(
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Trade and other debtors |
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Trade and other creditors |
(
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Cash generated from operations |
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Interest paid |
(
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(
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Interest received |
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Tax paid |
(
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(
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--------- |
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Net cash (used in)/from operating activities |
(
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Purchase of tangible assets |
(
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(
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Net cash used in investing activities |
(
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(
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Proceeds from borrowings |
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– |
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Repayments of borrowings |
(
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(
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Dividends paid |
(
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(
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--------- |
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Net cash used in financing activities |
(
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(
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Net (decrease)/increase in cash and cash equivalents |
(
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Cash and cash equivalents at beginning of year |
3,147,659 |
2,264,350 |
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Cash and cash equivalents at end of year |
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Notes to the Financial Statements |
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Freehold property |
- |
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Plant & equipment |
- |
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Fixtures & fittings |
- |
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2024 |
2023 |
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£ |
£ |
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Rendering of services |
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Construction contracts |
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------------- |
------------- |
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2024 |
2023 |
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£ |
£ |
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Depreciation of tangible assets |
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Impairment of trade debtors |
(3,324) |
47,301 |
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Foreign exchange differences |
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(
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-------- |
-------- |
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2024 |
2023 |
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£ |
£ |
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Fees payable for the audit of the financial statements |
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-------- |
------- |
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2024 |
2023 |
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No. |
No. |
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Administrative staff |
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Management staff |
4 |
4 |
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---- |
---- |
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---- |
---- |
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2024 |
2023 |
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£ |
£ |
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Wages and salaries |
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Social security costs |
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Other pension costs |
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------------ |
------------ |
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2024 |
2023 |
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£ |
£ |
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Remuneration |
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Company contributions to defined contribution pension plans |
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-------- |
-------- |
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-------- |
-------- |
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2024 |
2023 |
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£ |
£ |
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Interest on cash and cash equivalents |
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-------- |
-------- |
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2024 |
2023 |
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£ |
£ |
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Interest on banks loans and overdrafts |
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2024 |
2023 |
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£ |
£ |
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UK current tax expense |
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Adjustments in respect of prior periods |
– |
(
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Total current tax |
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--------- |
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Origination and reversal of timing differences |
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Impact of change in tax rate |
– |
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---- |
------- |
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Total deferred tax |
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--------- |
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Tax on profit |
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--------- |
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2024 |
2023 |
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£ |
£ |
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Profit on ordinary activities before taxation |
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--------- |
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Profit on ordinary activities by rate of tax |
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Adjustment to tax charge in respect of prior periods |
– |
(
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Effect of expenses not deductible for tax purposes |
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Effect of capital allowances and depreciation |
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Effect of different UK tax rates on some earnings |
– |
(28,029) |
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--------- |
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Tax on profit |
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--------- |
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2024 |
2023 |
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£ |
£ |
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Dividends on equity shares |
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--------- |
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Land and buildings |
Plant and machinery |
Fixtures and fittings |
Total |
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£ |
£ |
£ |
£ |
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Cost |
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At 1 October 2023 |
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Additions |
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Disposals |
– |
(
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(
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(
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------------ |
--------- |
--------- |
------------ |
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At 30 September 2024 |
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------------ |
--------- |
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Depreciation |
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At 1 October 2023 |
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Charge for the year |
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Disposals |
– |
(
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(
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(
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------------ |
--------- |
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At 30 September 2024 |
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------------ |
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Carrying amount |
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At 30 September 2024 |
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------------ |
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At 30 September 2023 |
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------------ |
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2024 |
2023 |
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£ |
£ |
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Finished goods and goods for resale |
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--------- |
--------- |
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2024 |
2023 |
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£ |
£ |
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Trade debtors |
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Prepayments and accrued income |
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Directors loan account |
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Other debtors |
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------------ |
------------ |
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------------ |
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2024 |
2023 |
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£ |
£ |
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Bank loans and overdrafts |
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Trade creditors |
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Accruals and deferred income |
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Corporation tax |
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Social security and other taxes |
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Other creditors |
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------------ |
------------ |
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------------ |
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2024 |
2023 |
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£ |
£ |
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Bank loans and overdrafts |
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--------- |
--------- |
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Deferred tax (note 19) |
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£ |
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At 1 October 2023 |
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Additions |
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-------- |
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At 30 September 2024 |
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-------- |
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2024 |
2023 |
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£ |
£ |
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Included in provisions (note 18) |
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-------- |
-------- |
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2024 |
2023 |
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£ |
£ |
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Accelerated capital allowances |
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-------- |
-------- |
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2024 |
2023 |
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No. |
£ |
No. |
£ |
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100,000 |
100,000 |
100,000 |
100,000 |
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--------- |
--------- |
--------- |
--------- |
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2024 |
2023 |
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No. |
£ |
No. |
£ |
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50,000 |
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50,000 |
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-------- |
-------- |
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-------- |
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At 1 Oct 2023 |
Cash flows |
At 30 Sep 2024 |
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£ |
£ |
£ |
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Cash at bank and in hand |
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(662,700) |
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Debt due within one year |
(105,000) |
(51,982) |
(156,982) |
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Debt due after one year |
(250,013) |
(212,768) |
(462,781) |
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------------ |
--------- |
------------ |
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(
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------------ |
--------- |
------------ |
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2024 |
2023 |
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£ |
£ |
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Not later than 1 year |
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Later than 1 year and not later than 5 years |
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--------- |
--------- |
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--------- |
--------- |
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Balance brought forward and outstanding |
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2024 |
2023 |
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£ |
£ |
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-------- |
-------- |
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-------- |
-------- |
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