2024
|
2023
|
||
£
|
£
|
||
Turnover
|
11,647,327
|
11,298,574
|
|
Gross Profit
|
3,073,823
|
3,111,157
|
|
Net Profit before tax
|
776,339
|
598,206
|
|
|
|
Director
|
23 June 2025
|
|
|
Director
|
|
for and on behalf of
|
|
Statutory Auditors
66-68 High Street
Northwood
Moddlesex
HA6 1BL
|
2024 | 2023 | |||
---|---|---|---|---|
Notes | £ | £ | ||
TURNOVER | 3 |
|
|
|
Cost of sales |
( |
( |
||
GROSS PROFIT |
|
|
||
Administrative expenses |
( |
( |
||
Other operating income |
|
|
||
OPERATING PROFIT | 5 |
|
|
|
(Loss)/profit on disposal of fixed assets |
( |
|
||
Other interest receivable and similar income | 10 |
|
|
|
Interest payable and similar charges | 11 |
( |
( |
|
PROFIT BEFORE TAXATION |
|
|
||
Tax on Profit | 12 |
( |
( |
|
PROFIT AFTER TAXATION BEING PROFIT FOR THE FINANCIAL YEAR |
|
|
||
2024 | 2023 | |||
---|---|---|---|---|
£ | £ | |||
PROFIT FOR THE FINANCIAL YEAR |
|
|
||
OTHER COMPREHENSIVE INCOME FOR THE YEAR | - | - | ||
Prior year adjustment | - | (546,704) | ||
TOTAL COMPREHENSIVE INCOME FOR THE YEAR |
|
( |
||
2024 | 2023 | ||||
---|---|---|---|---|---|
Notes | £ | £ | £ | £ | |
FIXED ASSETS | |||||
Tangible Assets | 14 |
|
|
||
|
|
||||
CURRENT ASSETS | |||||
Stocks | 15 |
|
|
||
Debtors | 16 |
|
|
||
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 FOR LIABILITIES | |||||
Deferred Taxation | 20 |
( |
( |
||
NET ASSETS |
|
|
|||
CAPITAL AND RESERVES | |||||
Called up share capital | 21 |
|
|
||
Profit and Loss Account |
|
|
|||
SHAREHOLDERS' FUNDS | 3,382,481 | 3,142,532 | |||
Director
|
|
Share Capital | Profit and Loss Account | Total | |
---|---|---|---|
£ | £ | £ | |
As at 1 October 2022 as previously stated |
|
|
3,246,658 |
Prior year adjustment | - |
( |
( |
As at 1 October 2022 as restated |
|
|
2,699,954 |
Profit for the year and total comprehensive income | - |
|
442,578 |
As at 30 September 2023 and 1 October 2023 |
|
|
3,142,532 |
Profit for the year and total comprehensive income | - |
|
539,949 |
Dividends paid | - | (300,000) | (300,000) |
As at 30 September 2024 |
|
|
3,382,481 |
2024 | 2023 | |||
---|---|---|---|---|
Notes | £ | £ | ||
Cash flows from operating activities | ||||
Net cash generated from operations | 1 |
|
|
|
Interest paid |
( |
( |
||
Tax paid |
( |
( |
||
Net cash generated from operating activities |
|
|
||
Cash flows from investing activities | ||||
Purchase of tangible assets |
( |
( |
||
Proceeds from disposal of tangible assets |
|
|
||
Interest received |
|
|
||
Net cash used in investing activities |
( |
( |
||
Cash flows from financing activities | ||||
Equity dividends paid |
( |
|
||
Repayment of bank borrowings |
( |
( |
||
Amount introduced by directors | 135,000 | - | ||
Amount withdrawn by directors | - | (117,000) | ||
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 |
|
|
|
2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
Profit for the financial year |
|
|
|
Adjustments for: | |||
Tax on profit |
|
|
|
Interest expense |
|
|
|
Interest income |
( |
( |
|
Depreciation of tangible assets |
|
|
|
Loss/(profit) on disposal of tangible assets | 13,792 | (15,246) | |
Movements in working capital: | |||
Decrease in stocks |
|
|
|
Decrease/(increase) in trade and other debtors |
|
( |
|
Decrease in trade and other creditors |
( |
( |
|
Net cash generated from operations |
|
|
|
2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
Cash at bank and in hand |
|
|
|
As at 1 October 2023 | Cash flows | As at 30 September 2024 | |
---|---|---|---|
£ | £ | £ | |
Cash at bank and in hand |
|
(635,624) |
|
Debts falling due within one year |
( |
(10,665) |
( |
Debts falling due after more than one year | (812,682) | 128,169 | (684,513) |
964,257 | (518,120) | 446,137 | |
Freehold |
|
Leasehold |
|
Plant & Machinery |
|
Motor Vehicles |
|
Computer Equipment |
|
2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
United Kingdom |
|
|
|
11,647,327 | 11,298,574 | ||
2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
Rental income |
|
|
|
Other operating income |
|
|
|
354,166 | 164,235 | ||
2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
Depreciation of tangible fixed assets |
|
|
|
2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
Audit Services | |||
Audit of the company's financial statements |
|
|
|
2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
Wages and salaries |
|
|
|
Social security costs |
|
|
|
Other pension costs |
|
|
|
|
|
||
2024 | 2023 | ||
---|---|---|---|
Staff |
|
|
|
|
|
||
2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
Emoluments |
|
|
|
Company contributions to money purchase pension schemes |
|
|
|
|
|
||
2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
Emoluments |
|
|
|
Company contributions to money purchase pension schemes |
|
|
|
|
|
||
2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
Bank interest receivable |
|
|
|
Other interest receivable | 15,688 | 12,798 | |
26,799 | 18,220 | ||
2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
Bank loans and overdrafts |
|
|
|
Late payment tax charges |
|
|
|
73,274 | 61,735 | ||
The tax charge on the profit for the year was as follows:
|
|||||
Tax Rate | 2024 | 2023 | |||
---|---|---|---|---|---|
2024 | 2023 | £ | £ | ||
Current tax | |||||
UK Corporation Tax | 25.0% | 22.0% |
|
|
|
Deferred Tax | |||||
Deferred taxation |
|
|
|||
Total tax charge for the period |
|
|
|||
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:
|
2024 | 2023 | ||||
---|---|---|---|---|---|
£ | £ | ||||
Profit before tax | 776,339 | 598,206 | |||
Tax on profit at 25% (UK standard rate) |
|
|
|||
Goodwill/depreciation not allowed for tax |
|
|
|||
Expenses not deductible for tax purposes |
|
|
|||
Capital allowances |
( |
( |
|||
Short term timing differences |
|
|
|||
Total tax charge for the period | 236,390 | 155,628 | |||
Goodwill | |||
---|---|---|---|
£ | |||
Cost | |||
As at 1 October 2023 |
|
||
As at 30 September 2024 |
|
||
Amortisation | |||
As at 1 October 2023 |
|
||
As at 30 September 2024 |
|
||
Net Book Value | |||
As at 30 September 2024 |
|
||
As at 1 October 2023 |
|
||
Land & Property | ||||
---|---|---|---|---|
Freehold | Leasehold | Plant & Machinery | Motor Vehicles | |
£ | £ | £ | £ | |
Cost | ||||
As at 1 October 2023 |
|
|
|
|
Additions |
|
|
|
|
Disposals |
|
( |
( |
|
As at 30 September 2024 |
|
|
|
|
Depreciation | ||||
As at 1 October 2023 |
|
|
|
|
Provided during the period |
|
|
|
|
Disposals |
|
( |
( |
|
As at 30 September 2024 |
|
|
|
|
Net Book Value | ||||
As at 30 September 2024 |
|
|
|
|
As at 1 October 2023 |
|
|
|
|
Computer Equipment | Total | |
---|---|---|
£ | £ | |
Cost | ||
As at 1 October 2023 |
|
|
Additions |
|
|
Disposals |
( |
( |
As at 30 September 2024 |
|
|
Depreciation | ||
As at 1 October 2023 |
|
|
Provided during the period |
|
|
Disposals |
( |
( |
As at 30 September 2024 |
|
|
Net Book Value | ||
As at 30 September 2024 |
|
|
As at 1 October 2023 |
|
|
2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
Stocks |
|
|
|
2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
Due within one year | |||
Trade debtors |
|
|
|
Other debtors | 818,044 | 928,965 | |
|
|
||
2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
Trade creditors |
|
|
|
Bank loans and overdrafts |
|
|
|
Other creditors | 523,369 | 586,892 | |
Corporation tax |
|
|
|
Taxation and social security | 456,065 | 411,047 | |
|
|
||
2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
Bank loans |
|
|
|
2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
Bank loans and overdrafts | 811,729 | 929,233 |
2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
Amounts falling due within one year or on demand: | |||
Bank loans |
|
|
|
2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
Amounts falling due between one and five years: | |||
Bank loans |
|
|
|
2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
Other timing differences | 139,911 | 90,997 | |
2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
Not later than one year |
|
|
|
Later than one year and not later than five years |
|
|
|
Later than five years |
|
|
|
|
|
||
As at 1 October 2023 | Amounts advanced | Amounts repaid | Amounts written off | As at 30 September 2024 | |
---|---|---|---|---|---|
£ | £ | £ | £ | £ | |
Mr Terence Greenhill |
|
|
|
- |
|
Mr Ferdinando Pacelli |
|
|
|
- |
|
2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
On equity shares: | |||
Interim dividend paid |
|
|
|