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Financial Statements |
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Contents |
Page |
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Strategic report |
1 |
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Director's report |
3 |
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Independent auditor's report to the members |
5 |
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Consolidated statement of comprehensive income |
9 |
|
Consolidated statement of financial position |
10 |
|
Company statement of financial position |
12 |
|
Consolidated statement of changes in equity |
13 |
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Company statement of changes in equity |
14 |
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Consolidated statement of cash flows |
15 |
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Notes to the financial statements |
17 |
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Strategic Report |
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Director |
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Registered office: |
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England |
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Director's Report |
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Director |
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Registered office: |
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England |
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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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Alex House |
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260-268 Chapel Street |
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Salford |
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M3 5JZ |
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Consolidated Statement of Comprehensive Income |
|
2024 |
2023 |
||
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Note |
£ |
£ |
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Turnover |
4 |
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Cost of sales |
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------------- |
------------- |
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Gross profit |
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Administrative expenses |
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------------ |
------------ |
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Operating profit |
5 |
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Income from interests in associates |
9 |
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– |
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Other interest receivable and similar income |
10 |
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Amounts written off investments |
11 |
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Interest payable and similar expenses |
12 |
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------------ |
------------ |
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Profit before taxation |
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Tax on profit |
13 |
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------------ |
------------ |
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Profit for the financial year and total comprehensive income |
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------------ |
------------ |
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The owners of the parent company |
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Non-controlling interests |
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------------ |
------------ |
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------------ |
------------ |
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Consolidated Statement of Financial Position |
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2024 |
2023 |
|||
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Note |
£ |
£ |
||
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Intangible assets |
15 |
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Tangible assets |
16 |
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Investments |
17 |
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------------ |
--------- |
||||
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Stocks |
18 |
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Debtors |
19 |
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Investments |
20 |
– |
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||
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Cash at bank and in hand |
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|||
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------------ |
------------ |
||||
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||||
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Creditors: amounts falling due within one year |
21 |
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------------ |
------------ |
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Net current assets |
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------------ |
------------ |
||||
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Total assets less current liabilities |
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Creditors: amounts falling due after more than one year |
22 |
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Provisions |
24 |
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------------ |
------------ |
||||
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Net assets |
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|||
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------------ |
------------ |
||||
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Called up share capital |
28 |
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Share premium account |
29 |
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Profit and loss account |
29 |
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------------ |
------------ |
||||
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Equity attributable to the owners of the parent company |
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|||
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Non-controlling interests |
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||
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------------ |
------------ |
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------------ |
------------ |
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Consolidated Statement of Financial Position (continued) |
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Director |
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Company Statement of Financial Position |
|
2024 |
2023 |
|||
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Note |
£ |
£ |
||
|
Intangible assets |
15 |
|
– |
||
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Investments |
17 |
|
|
||
|
--------- |
--------- |
||||
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||||
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Debtors |
19 |
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Investments |
20 |
– |
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Cash at bank and in hand |
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|||
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------------ |
------------ |
||||
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||||
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Creditors: amounts falling due within one year |
21 |
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|
------------ |
------------ |
||||
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Net current assets |
|
|
|||
|
------------ |
------------ |
||||
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Total assets less current liabilities |
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|||
|
------------ |
------------ |
||||
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Net assets |
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|||
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------------ |
------------ |
||||
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Called up share capital |
28 |
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Share premium account |
29 |
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Profit and loss account |
29 |
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|
------------ |
------------ |
||||
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Shareholders funds |
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|||
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------------ |
------------ |
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Director |
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Consolidated Statement of Changes in Equity |
|
Called up share capital |
Share premium account |
Profit and loss account |
Equity attributable to the owners of the parent company |
Non-controlling interests |
Total |
||
|
£ |
£ |
£ |
£ |
£ |
£ |
||
|
At 1 October 2022 |
|
|
|
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Profit for the year |
|
|
|
|
|||
|
------- |
--------- |
------------ |
------------ |
--------- |
------------ |
||
|
Total comprehensive income for the year |
– |
– |
|
|
|
|
|
|
Dividends paid and payable |
14 |
– |
– |
(
|
(
|
(
|
(
|
|
------- |
--------- |
------------ |
------------ |
--------- |
------------ |
||
|
Total investments by and distributions to owners |
– |
– |
(
|
(
|
(
|
(
|
|
|
At 30 September 2023 |
|
|
|
|
|
|
|
|
Profit for the year |
|
|
|
|
|||
|
------- |
--------- |
------------ |
------------ |
--------- |
------------ |
||
|
Total comprehensive income for the year |
– |
– |
|
|
|
|
|
|
Dividends paid and payable |
14 |
– |
– |
(
|
(
|
(
|
(
|
|
---- |
---- |
--------- |
--------- |
--------- |
--------- |
||
|
Total investments by and distributions to owners |
– |
– |
(
|
(
|
(
|
(
|
|
|
------- |
--------- |
------------ |
------------ |
--------- |
------------ |
||
|
At 30 September 2024 |
|
|
|
|
|
|
|
|
------- |
--------- |
------------ |
------------ |
--------- |
------------ |
||
|
|
|
Company Statement of Changes in Equity |
|
Called up share capital |
Share premium account |
Profit and loss account |
Total |
||
|
£ |
£ |
£ |
£ |
||
|
At 1 October 2022 |
|
|
|
|
|
|
Profit for the year |
|
|
|||
|
------- |
--------- |
------------ |
------------ |
||
|
Total comprehensive income for the year |
– |
– |
|
|
|
|
Dividends paid and payable |
14 |
– |
– |
(
|
(
|
|
------- |
--------- |
------------ |
------------ |
||
|
Total investments by and distributions to owners |
– |
– |
(
|
(
|
|
|
At 30 September 2023 |
|
|
|
|
|
|
Profit for the year |
|
|
|||
|
------- |
--------- |
------------ |
------------ |
||
|
Total comprehensive income for the year |
– |
– |
|
|
|
|
Dividends paid and payable |
14 |
– |
– |
(
|
(
|
|
---- |
---- |
--------- |
--------- |
||
|
Total investments by and distributions to owners |
– |
– |
(
|
(
|
|
|
------- |
--------- |
------------ |
------------ |
||
|
At 30 September 2024 |
|
|
|
|
|
|
------- |
--------- |
------------ |
------------ |
||
|
|
|
Consolidated Statement of Cash Flows |
|
2024 |
2023 |
|
|
£ |
£ |
|
|
Profit for the financial year |
|
|
|
Adjustments for: |
||
|
Depreciation of tangible assets |
|
|
|
Amounts written off investments |
101,508 |
7,835 |
|
Income from interests in associates |
(
|
– |
|
Other interest receivable and similar income |
(
|
(
|
|
Interest payable and similar expenses |
|
|
|
Gains on disposal of tangible assets |
(
|
(
|
|
Tax on profit |
|
|
|
Accrued income |
(
|
(
|
|
Changes in: |
||
|
Stocks |
|
(
|
|
Trade and other debtors |
(
|
(
|
|
Trade and other creditors |
|
|
|
------------ |
------------ |
|
|
Cash generated from operations |
|
|
|
Interest paid |
(
|
(
|
|
Interest received |
|
|
|
Tax paid |
(
|
(
|
|
------------ |
------------ |
|
|
Net cash from operating activities |
|
|
|
------------ |
------------ |
|
|
Purchase of tangible assets |
(
|
(
|
|
Proceeds from sale of tangible assets |
|
|
|
Purchase of intangible assets |
(
|
– |
|
Acquisition of subsidiaries |
– |
(
|
|
Purchases of other investments |
(
|
(
|
|
Proceeds from sale of other investments |
|
|
|
Dividends received |
|
– |
|
------------ |
------------ |
|
|
Net cash used in investing activities |
(
|
(
|
|
------------ |
------------ |
|
|
Proceeds from borrowings |
(
|
(
|
|
Proceeds from loans from participating interests |
|
– |
|
Payments of finance lease liabilities |
|
(
|
|
Dividends paid |
(
|
(
|
|
------------ |
------------ |
|
|
Net cash used in financing activities |
(
|
(
|
|
------------ |
------------ |
|
|
|
|
Consolidated Statement of Cash Flows (continued) |
|
2024 |
2023 |
|
|
Note |
£ |
£ |
|
Net increase in cash and cash equivalents |
|
|
|
Cash and cash equivalents at beginning of year |
2,066,419 |
2,055,494 |
|
------------ |
------------ |
|
|
Cash and cash equivalents at end of year |
|
|
|
------------ |
------------ |
|
|
|
|
Notes to the Financial Statements |
|
Short leasehold property |
- |
|
|
|
Plant and machinery |
- |
|
|
|
Fixtures and fittings |
- |
|
|
|
Motor vehicles |
- |
|
|
|
Equipment |
- |
|
|
|
2024 |
2023 |
||
|
£ |
£ |
||
|
Income Earned |
|
|
|
|
------------- |
------------- |
||
|
2024 |
2023 |
||
|
£ |
£ |
||
|
Depreciation of tangible assets |
|
|
|
|
Gains on disposal of tangible assets |
(
|
(
|
|
|
--------- |
--------- |
||
|
2024 |
2023 |
||
|
£ |
£ |
||
|
Fees payable for the audit of the financial statements |
|
– |
|
|
-------- |
---- |
||
|
2024 |
2023 |
||
|
No. |
No. |
||
|
Production staff |
|
|
|
|
---- |
---- |
||
|
2024 |
2023 |
||
|
£ |
£ |
||
|
Wages and salaries |
|
|
|
|
Social security costs |
|
|
|
|
Other pension costs |
|
|
|
|
------------ |
------------ |
||
|
|
|
||
|
------------ |
------------ |
||
|
2024 |
2023 |
||
|
£ |
£ |
||
|
Remuneration |
|
|
|
|
Company contributions to defined contribution pension plans |
|
|
|
|
-------- |
-------- |
||
|
|
|
||
|
-------- |
-------- |
||
|
2024 |
2023 |
||
|
£ |
£ |
||
|
Income from interests in associates |
5,200 |
– |
|
|
------- |
---- |
||
|
2024 |
2023 |
||
|
£ |
£ |
||
|
Interest on loans and receivables |
60,252 |
– |
|
|
Interest on cash and cash equivalents |
|
|
|
|
Gain on fair value adjustment of financial assets at fair value through profit or loss |
|
– |
|
|
--------- |
------- |
||
|
|
|
||
|
--------- |
------- |
||
|
2024 |
2023 |
||
|
£ |
£ |
||
|
Impairment of other fixed asset investments |
|
|
|
|
--------- |
------- |
||
|
2024 |
2023 |
||
|
£ |
£ |
||
|
Interest on banks loans and overdrafts |
|
|
|
|
Interest on obligations under finance leases and hire purchase contracts |
|
|
|
|
-------- |
-------- |
||
|
|
|
||
|
-------- |
-------- |
||
|
2024 |
2023 |
||
|
£ |
£ |
||
|
UK current tax expense |
|
|
|
|
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 |
|
(
|
|
|
Effect of revenue exempt from tax |
(
|
(
|
|
|
Utilisation of tax losses |
– |
(
|
|
|
Rounding on tax charge |
1 |
(
1) |
|
|
Marginal Relief |
(
|
– |
|
|
Deferred tax |
(
|
|
|
|
------------ |
------------ |
||
|
Tax on profit |
|
|
|
|
------------ |
------------ |
||
|
2024 |
2023 |
|
|
£ |
£ |
|
|
Dividends paid during the year (excluding those for which a liability existed at the end of the prior year ) |
|
|
|
--------- |
--------- |
|
|
Group |
Goodwill |
Investments |
Total |
|
£ |
£ |
£ |
|
|
Cost |
|||
|
At 1 October 2023 |
|
– |
|
|
Additions |
– |
|
|
|
Revaluations |
– |
|
|
|
Transfers |
– |
|
|
|
--------- |
--------- |
--------- |
|
|
At 30 September 2024 |
|
|
|
|
--------- |
--------- |
--------- |
|
|
Amortisation |
|||
|
At 1 October 2023 and 30 September 2024 |
– |
– |
– |
|
--------- |
--------- |
--------- |
|
|
Carrying amount |
|||
|
At 30 September 2024 |
|
|
|
|
--------- |
--------- |
--------- |
|
|
At 30 September 2023 |
|
– |
|
|
--------- |
--------- |
--------- |
|
|
Company |
Investments |
|
£ |
|
|
Cost |
|
|
At 1 October 2023 |
– |
|
Additions |
|
|
--------- |
|
|
At 30 September 2024 |
|
|
--------- |
|
|
Amortisation |
|
|
At 1 October 2023 and 30 September 2024 |
– |
|
--------- |
|
|
Carrying amount |
|
|
At 30 September 2024 |
|
|
--------- |
|
|
At 30 September 2023 |
– |
|
--------- |
|
|
Group |
Short leasehold property |
Plant and machinery |
Fixtures and fittings |
Motor vehicles |
Equipment |
Total |
|
£ |
£ |
£ |
£ |
£ |
£ |
|
|
Cost |
||||||
|
At 1 Oct 2023 |
|
|
|
|
|
|
|
Additions |
– |
– |
|
|
|
|
|
Disposals |
– |
– |
– |
(
|
– |
(
|
|
--------- |
-------- |
-------- |
--------- |
-------- |
--------- |
|
|
At 30 Sep 2024 |
|
|
|
|
|
|
|
--------- |
-------- |
-------- |
--------- |
-------- |
--------- |
|
|
Depreciation |
||||||
|
At 1 Oct 2023 |
|
|
|
|
|
|
|
Charge for the year |
|
|
|
|
|
|
|
Disposals |
– |
– |
– |
(
|
– |
(
|
|
--------- |
-------- |
-------- |
--------- |
-------- |
--------- |
|
|
At 30 Sep 2024 |
|
|
|
|
|
|
|
--------- |
-------- |
-------- |
--------- |
-------- |
--------- |
|
|
Carrying amount |
||||||
|
At 30 Sep 2024 |
|
|
|
|
|
|
|
--------- |
-------- |
-------- |
--------- |
-------- |
--------- |
|
|
At 30 Sep 2023 |
|
|
|
|
|
|
|
--------- |
-------- |
-------- |
--------- |
-------- |
--------- |
|
|
Group |
Motor vehicles |
|
£ |
|
|
At 30 September 2024 |
|
|
-------- |
|
|
At 30 September 2023 |
|
|
-------- |
|
|
Group |
Shares in group undertakings |
Joint ventures |
Other investments other than loans |
Total |
|
£ |
£ |
£ |
£ |
|
|
Share of net assets/cost |
||||
|
At 1 October 2023 |
|
– |
– |
|
|
Additions |
– |
– |
|
|
|
Revaluations |
– |
– |
(
|
(
|
|
Transfers |
(
|
|
– |
– |
|
---- |
---- |
--------- |
--------- |
|
|
At 30 September 2024 |
– |
|
|
|
|
---- |
---- |
--------- |
--------- |
|
|
Impairment |
||||
|
At 1 October 2023 and 30 September 2024 |
– |
– |
– |
– |
|
---- |
---- |
--------- |
--------- |
|
|
Carrying amount |
||||
|
At 30 September 2024 |
– |
|
|
|
|
---- |
---- |
--------- |
--------- |
|
|
At 30 September 2023 |
|
– |
– |
|
|
---- |
---- |
--------- |
--------- |
|
|
Company |
Shares in group undertakings |
Shares in participating interests |
Other investments other than loans |
Total |
|
£ |
£ |
£ |
£ |
|
|
Cost |
||||
|
At 1 October 2023 |
|
– |
– |
|
|
Additions |
– |
– |
|
|
|
Revaluations |
– |
– |
(
|
(
|
|
Transfers |
(
|
|
– |
– |
|
--------- |
---- |
--------- |
--------- |
|
|
At 30 September 2024 |
|
|
|
|
|
--------- |
---- |
--------- |
--------- |
|
|
Impairment |
||||
|
At 1 October 2023 and 30 September 2024 |
– |
– |
– |
– |
|
--------- |
---- |
--------- |
--------- |
|
|
Carrying amount |
||||
|
At 30 September 2024 |
|
|
|
|
|
--------- |
---- |
--------- |
--------- |
|
|
At 30 September 2023 |
|
– |
– |
|
|
--------- |
---- |
--------- |
--------- |
|
|
Registered office |
Class of share |
Percentage of shares held |
|
|
Subsidiary undertakings |
|||
|
|
210 Chester Road |
Ordinary A |
67 |
|
Manchester |
Ordinary E |
1 |
|
|
England |
Ordinary H |
1 |
|
|
M15 4JE |
|||
|
Group |
Company |
|||
|
2024 |
2023 |
2024 |
2023 |
|
|
£ |
£ |
£ |
£ |
|
|
Stocks and work in progress |
|
|
– |
– |
|
--------- |
--------- |
---- |
---- |
|
|
Group |
Company |
|||
|
2024 |
2023 |
2024 |
2023 |
|
|
£ |
£ |
£ |
£ |
|
|
Trade debtors |
|
|
– |
– |
|
Amounts owed by group undertakings |
– |
– |
|
|
|
Amounts owed by undertakings in which the company has a participating interest |
|
|
|
|
|
Prepayments and accrued income |
|
|
|
|
|
Director's loan account |
– |
|
– |
– |
|
Other debtors |
|
|
|
|
|
------------ |
------------ |
------------ |
------------ |
|
|
|
|
|
|
|
|
------------ |
------------ |
------------ |
------------ |
|
|
Group |
Company |
|||
|
2024 |
2023 |
2024 |
2023 |
|
|
£ |
£ |
£ |
£ |
|
|
Other investments |
– |
239,244 |
– |
155,000 |
|
---- |
--------- |
---- |
--------- |
|
|
Group |
Company |
|||
|
2024 |
2023 |
2024 |
2023 |
|
|
£ |
£ |
£ |
£ |
|
|
Bank loans and overdrafts |
– |
|
– |
– |
|
Trade creditors |
|
|
– |
– |
|
Amounts owed to undertakings in which the company has a participating interest |
|
– |
– |
– |
|
Accruals and deferred income |
|
|
|
|
|
Corporation tax |
|
|
– |
– |
|
Social security and other taxes |
|
|
|
|
|
Obligations under finance leases and hire purchase contracts |
|
|
– |
– |
|
Director loan accounts |
|
– |
|
|
|
Other creditors |
|
|
– |
– |
|
------------ |
------------ |
-------- |
-------- |
|
|
|
|
|
|
|
|
------------ |
------------ |
-------- |
-------- |
|
|
Group |
Company |
|||
|
2024 |
2023 |
2024 |
2023 |
|
|
£ |
£ |
£ |
£ |
|
|
Bank loans and overdrafts |
– |
|
– |
– |
|
Obligations under finance leases and hire purchase contracts |
|
|
– |
– |
|
-------- |
-------- |
---- |
---- |
|
|
|
|
– |
– |
|
|
-------- |
-------- |
---- |
---- |
|
|
Group |
Company |
|||
|
2024 |
2023 |
2024 |
2023 |
|
|
£ |
£ |
£ |
£ |
|
|
Not later than 1 year |
|
|
– |
– |
|
Later than 1 year and not later than 5 years |
|
|
– |
– |
|
-------- |
-------- |
---- |
---- |
|
|
|
|
– |
– |
|
|
-------- |
-------- |
---- |
---- |
|
|
Group |
Deferred tax (note 25) |
|
£ |
|
|
At 1 October 2023 |
|
|
Charge against provision |
(
|
|
-------- |
|
|
At 30 September 2024 |
|
|
-------- |
|
|
Group |
Company |
|||
|
2024 |
2023 |
2024 |
2023 |
|
|
£ |
£ |
£ |
£ |
|
|
Included in provisions (note 24) |
|
|
– |
– |
|
-------- |
-------- |
---- |
---- |
|
|
Group |
Company |
|||
|
2024 |
2023 |
2024 |
2023 |
|
|
£ |
£ |
£ |
£ |
|
|
Accelerated capital allowances |
|
|
– |
– |
|
-------- |
-------- |
---- |
---- |
|
|
2024 |
2023 |
|||
|
No. |
£ |
No. |
£ |
|
|
|
|
1,000 |
|
1,000 |
|
------- |
------- |
------- |
------- |
|
|
At 1 Oct 2023 |
Cash flows |
At 30 Sep 2024 |
|
|
£ |
£ |
£ |
|
|
Cash at bank and in hand |
|
573,681 |
|
|
Debt due within one year |
(24,070) |
(76,670) |
(100,740) |
|
Debt due after one year |
(32,120) |
18 |
(32,102) |
|
Current asset investments |
|
(239,244) |
– |
|
------------ |
--------- |
------------ |
|
|
|
|
|
|
|
------------ |
--------- |
------------ |
|
|
Group |
Company |
|||
|
2024 |
2023 |
2024 |
2023 |
|
|
£ |
£ |
£ |
£ |
|
|
Not later than 1 year |
|
|
– |
– |
|
Later than 1 year and not later than 5 years |
– |
|
– |
– |
|
-------- |
-------- |
---- |
---- |
|
|
|
|
– |
– |
|
|
-------- |
-------- |
---- |
---- |
|
|
|
|
Notes to the Financial Statements (continued) |