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Financial Statements |
Contents |
Page |
Strategic report |
1 |
Directors' report |
3 |
Independent auditor's report to the members |
5 |
Statement of income and retained earnings |
9 |
Statement of financial position |
10 |
Statement of cash flows |
11 |
Notes to the financial statements |
12 |
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Strategic Report |
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Director |
Registered office: |
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England |
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Directors' Report |
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(Resigned
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Director |
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) |
For and on behalf of |
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Chartered accountants & statutory auditor |
Camburgh House |
27 New Dover Road |
Canterbury |
Kent |
CT1 3DN |
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Statement of Income and Retained Earnings |
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 (loss)/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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------------ |
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(Loss)/profit before taxation |
(
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Tax on (loss)/profit |
11 |
(
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--------- |
--------- |
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(Loss)/profit for the financial year and total comprehensive income |
(
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--------- |
--------- |
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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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------------ |
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Retained earnings at the end of the year |
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Statement of Financial Position |
2024 |
2023 |
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Note |
£ |
£ |
Tangible assets |
13 |
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Debtors |
14 |
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Cash at bank and in hand |
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– |
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------------ |
------------- |
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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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Provisions |
19 |
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------------ |
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Net assets |
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------------ |
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Called up share capital |
22 |
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Profit and loss account |
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------------ |
------------ |
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Shareholders funds |
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------------ |
------------ |
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Director |
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Statement of Cash Flows |
2024 |
2023 |
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Note |
£ |
£ |
(Loss)/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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Loss on disposal of tangible assets |
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Tax on (loss)/profit |
(
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Accrued (income)/expenses |
(
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Changes in: |
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Trade and other debtors |
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(
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Trade and other creditors |
(
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------------ |
------------ |
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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 from operating activities |
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------------ |
--------- |
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Purchase of tangible assets |
(
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(
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Proceeds from sale 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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------------ |
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Proceeds from borrowings |
(
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Payments of finance lease liabilities |
(
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Dividends paid |
(
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(
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------------ |
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Net cash (used in)/from financing activities |
(
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------------ |
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Net increase/(decrease) in cash and cash equivalents |
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(
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Cash and cash equivalents at beginning of year |
(70,816) |
72,459 |
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-------- |
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Cash and cash equivalents at end of year |
15 |
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(
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-------- |
-------- |
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Notes to the Financial Statements |
Long leasehold property |
- |
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Plant and machinery |
- |
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Motor vehicles |
- |
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Equipment |
- |
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2024 |
2023 |
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£ |
£ |
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Sale of goods |
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Rendering of services |
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------------- |
------------- |
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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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Loss on disposal of tangible assets |
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Impairment of trade debtors |
98,205 |
(40,768) |
--------- |
--------- |
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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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Production staff |
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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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--------- |
--------- |
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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 loans and receivables |
11,023 |
4,948 |
-------- |
------- |
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2024 |
2023 |
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£ |
£ |
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Interest on banks loans and overdrafts |
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Interest on obligations under finance leases and hire purchase contracts |
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Other interest payable and similar charges |
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--------- |
--------- |
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--------- |
--------- |
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2024 |
2023 |
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£ |
£ |
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UK current tax income |
– |
(
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Adjustments in respect of prior periods |
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(
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-------- |
-------- |
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Total current tax |
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(
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-------- |
-------- |
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Origination and reversal of timing differences |
(
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-------- |
-------- |
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Tax on (loss)/profit |
(
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-------- |
-------- |
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2024 |
2023 |
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£ |
£ |
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(Loss)/profit on ordinary activities before taxation |
(
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--------- |
--------- |
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(Loss)/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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(
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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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(
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Utilisation of tax losses |
– |
(
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Unused tax losses |
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Deferred tax charge |
(
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--------- |
--------- |
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Tax on (loss)/profit |
(
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--------- |
--------- |
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2024 |
2023 |
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£ |
£ |
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Dividends paid during the year (excluding those for which a liability existed at the end of the prior year ) |
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-------- |
--------- |
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Long leasehold property |
Plant and machinery |
Motor vehicles |
Equipment |
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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– |
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Disposals |
– |
– |
(
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– |
(
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--------- |
-------- |
------------ |
------- |
------------ |
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At 30 September 2024 |
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--------- |
-------- |
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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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At 30 September 2024 |
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--------- |
-------- |
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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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Motor vehicles |
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£ |
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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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Trade debtors |
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Prepayments and accrued income |
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Corporation tax repayable |
– |
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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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Cash at bank and in hand |
|
– |
Bank overdrafts |
– |
(
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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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Social security and other taxes |
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Obligations under finance leases and hire purchase contracts |
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Other creditors |
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------------ |
------------ |
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------------ |
------------ |
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2024 |
2023 |
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£ |
£ |
|
Bank loans and overdrafts |
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Obligations under finance leases and hire purchase contracts |
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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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Deferred tax (note 20) |
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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 19) |
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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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Unused tax losses |
(
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(
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--------- |
--------- |
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412,029 |
448,623 |
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--------- |
--------- |
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2024 |
2023 |
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No. |
£ |
No. |
£ |
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100 |
|
100 |
---- |
---- |
---- |
---- |
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At 1 Oct 2023 |
Cash flows |
At 30 Sep 2024 |
|
£ |
£ |
£ |
|
Cash at bank and in hand |
– |
47,635 |
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Bank overdrafts |
(70,816) |
70,816 |
– |
Debt due within one year |
(2,100,427) |
620,657 |
(1,479,770) |
Debt due after one year |
(1,262,815) |
107,305 |
(1,155,510) |
------------ |
--------- |
------------ |
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(
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(
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------------ |
--------- |
------------ |
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2024 |
2023 |
|
£ |
£ |
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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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Later than 5 years |
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--------- |
--------- |
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--------- |
--------- |
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