Directors |
|
|
|
Secretary |
|
Company Number |
|
Registered Office | Masonic Building |
9 Mill Street | |
Sutton Coldfield | |
B72 1TJ | |
Auditors |
|
Masonic Building | |
9 Mill Street | |
Sutton Coldfield | |
B72 1TJ | |
Director
|
27 June 2025
|
|
|
Director
|
|
for and on behalf of
|
|
Masonic Building
9 Mill Street
Sutton Coldfield
B72 1TJ
|
2024 | 2023 | |||
---|---|---|---|---|
Notes | £ | £ | ||
TURNOVER | 3 |
|
|
|
Cost of sales |
( |
( |
||
GROSS PROFIT |
|
|
||
Administrative expenses |
( |
( |
||
Other operating income |
|
|
||
Profit on revaluation of investment property |
|
|
||
OPERATING PROFIT | 5 |
|
|
|
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 ATTRIBUTABLE TO THE OWNERS OF THE PARENT |
|
|
||
OTHER COMPREHENSIVE INCOME FOR THE YEAR | - | - | ||
TOTAL COMPREHENSIVE INCOME FOR THE YEAR ATTRIBUTABLE TO THE OWNERS OF THE PARENT |
|
|
||
2024 | 2023 | ||||
---|---|---|---|---|---|
Notes | £ | £ | £ | £ | |
FIXED ASSETS | |||||
Tangible Assets | 14 |
|
|
||
|
|
||||
CURRENT ASSETS | |||||
Stocks | 16 |
|
|
||
Debtors | 17 |
|
|
||
Cash at bank and in hand |
|
|
|||
|
|
||||
Creditors: Amounts Falling Due Within One Year | 18 |
( |
( |
||
NET CURRENT ASSETS (LIABILITIES) |
|
|
|||
TOTAL ASSETS LESS CURRENT LIABILITIES |
|
|
|||
PROVISIONS FOR LIABILITIES | |||||
Deferred Taxation | 19 |
( |
( |
||
NET ASSETS |
|
|
|||
CAPITAL AND RESERVES | |||||
Called up share capital | 21 |
|
|
||
Profit and Loss Account |
|
|
|||
SHAREHOLDERS' FUNDS | 6,219,730 | 5,641,715 | |||
Director
|
|
2024 | 2023 | ||||
---|---|---|---|---|---|
Notes | £ | £ | £ | £ | |
FIXED ASSETS | |||||
Tangible Assets | 14 |
|
|
||
Investments | 15 |
|
|
||
|
|
||||
CURRENT ASSETS | |||||
Stocks | 16 |
|
|
||
Debtors | 17 |
|
|
||
Cash at bank and in hand |
|
|
|||
|
|
||||
Creditors: Amounts Falling Due Within One Year | 18 |
( |
( |
||
NET CURRENT ASSETS (LIABILITIES) |
|
|
|||
TOTAL ASSETS LESS CURRENT LIABILITIES |
|
|
|||
PROVISIONS FOR LIABILITIES | |||||
Deferred Taxation | 19 |
( |
( |
||
NET ASSETS |
|
|
|||
CAPITAL AND RESERVES | |||||
Called up share capital | 21 |
|
|
||
Profit and Loss Account |
|
|
|||
SHAREHOLDERS' FUNDS | 5,920,482 | 5,398,247 | |||
Director
|
|
Share Capital | Profit and Loss Account | Total | |
---|---|---|---|
£ | £ | £ | |
As at 1 January 2023 |
|
|
4,852,694 |
Profit for the year and total comprehensive income | - |
|
849,021 |
Dividends paid | - | (60,000) | (60,000) |
As at 31 December 2023 and 1 January 2024 |
|
|
5,641,715 |
Profit for the year and total comprehensive income | - |
|
678,015 |
Dividends paid | - | (100,000) | (100,000) |
As at 31 December 2024 |
|
|
6,219,730 |
Share Capital | Profit and Loss Account | Total | |
---|---|---|---|
£ | £ | £ | |
As at 1 January 2023 |
|
|
4,843,106 |
Profit for the year and total comprehensive income | - |
|
615,141 |
Dividends paid | - | (60,000) | (60,000) |
As at 31 December 2023 and 1 January 2024 |
|
|
5,398,247 |
Profit for the year and total comprehensive income | - |
|
622,235 |
Dividends paid | - | (100,000) | (100,000) |
As at 31 December 2024 |
|
|
5,920,482 |
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 |
( |
( |
||
Grants received |
|
|
||
Interest received |
|
|
||
Net cash generated from investing activities |
|
|
||
Cash flows from financing activities | ||||
Equity dividends paid |
( |
( |
||
Repayment of bank borrowings |
|
( |
||
Amount introduced by directors | 33,640 | 9,328 | ||
Net cash used in financing activities |
( |
( |
||
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 |
|
|
|
Interest expense | - |
|
|
Interest income |
( |
( |
|
Depreciation of tangible assets |
|
|
|
Profit on revaluation of fixed assets | - | (200,000) | |
Grant income | (30,960) | (4,589) | |
Movements in working capital: | |||
Decrease in trade and other debtors |
|
|
|
Increase/(decrease) in trade and other creditors |
|
( |
|
Net cash generated from operations |
|
|
|
2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
Cash at bank and in hand |
|
|
|
As at 1 January 2024 | Cash flows | As at 31 December 2024 | |
---|---|---|---|
£ | £ | £ | |
Cash at bank and in hand |
|
1,191,955 |
|
Freehold |
|
Fixtures & Fittings |
|
Computer Equipment |
|
2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
Provision of services | 3,535,477 | 3,376,603 | |
Rental income from investment property | 65,000 | 60,000 | |
3,600,477 | 3,436,603 | ||
2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
United Kingdom |
|
|
|
3,600,477 | 3,436,603 | ||
2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
Grant income |
|
|
|
Other operating income | - |
|
|
30,960 | 44,589 | ||
2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
Operating lease rentals |
|
|
|
Depreciation of tangible fixed assets |
|
|
|
2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
Audit Services | |||
Audit of the group and company's financial statements |
|
|
|
Other Services | |||
Audit-related assurance services |
|
|
|
Taxation compliance service |
|
|
|
Other non-audit services |
|
|
|
6,630 | 5,160 | ||
Group | Company | ||||||
---|---|---|---|---|---|---|---|
2024 | 2023 | 2024 | 2023 | ||||
£ | £ | £ | £ | ||||
Wages and salaries |
|
|
|
|
|||
Social security costs |
|
|
|
|
|||
Other pension costs |
|
|
|
|
|||
|
|
|
|
||||
Group | Company | ||||||
---|---|---|---|---|---|---|---|
2024 | 2023 | 2024 | 2023 | ||||
Office and administration |
|
|
|
|
|||
Care and support staff |
|
|
|
|
|||
|
|
|
|
||||
2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
Emoluments |
|
|
|
Company contributions to money purchase pension schemes |
|
|
|
|
|
||
2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
Bank interest receivable |
|
|
|
2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
Bank loans and overdrafts | - |
|
|
Other finance charges | - |
|
|
- | 3,067 | ||
The tax charge on the profit for the year was as follows:
|
|||||
Tax Rate | 2024 | 2023 | |||
---|---|---|---|---|---|
2024 | 2023 | £ | £ | ||
Current tax | |||||
UK Corporation Tax | 24.7% | 23.4% |
|
|
|
Prior period adjustment |
|
( |
|||
|
|
||||
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 | 912,131 | 1,049,312 | |||
Tax on profit at 24.7% (UK standard rate) |
|
|
|||
Goodwill/depreciation not allowed for tax |
|
|
|||
Expenses not deductible for tax purposes |
|
|
|||
Capital allowances |
( |
( |
|||
Short term timing differences |
( |
|
|||
Prior period adjustment |
|
( |
|||
Deferred tax from unrecognised tax loss or credit |
|
( |
|||
Total tax charge for the period | 234,116 | 200,291 | |||
Goodwill | |||
---|---|---|---|
£ | |||
Cost | |||
As at 1 January 2024 |
|
||
As at 31 December 2024 |
|
||
Amortisation | |||
As at 1 January 2024 |
|
||
As at 31 December 2024 |
|
||
Net Book Value | |||
As at 31 December 2024 |
|
||
As at 1 January 2024 |
|
||
Goodwill | |||
---|---|---|---|
£ | |||
Cost | |||
As at 1 January 2024 |
|
||
As at 31 December 2024 |
|
||
Amortisation | |||
As at 1 January 2024 |
|
||
As at 31 December 2024 |
|
||
Net Book Value | |||
As at 31 December 2024 |
|
||
As at 1 January 2024 |
|
||
Land & Property | ||||
---|---|---|---|---|
Freehold | Fixtures & Fittings | Computer Equipment | Total | |
£ | £ | £ | £ | |
Cost | ||||
As at 1 January 2024 |
|
|
|
|
Additions |
|
|
|
|
As at 31 December 2024 |
|
|
|
|
Depreciation | ||||
As at 1 January 2024 |
|
|
|
|
Provided during the period |
|
|
|
|
As at 31 December 2024 |
|
|
|
|
Net Book Value | ||||
As at 31 December 2024 |
|
|
|
|
As at 1 January 2024 |
|
|
|
|
Land & Property | ||||
---|---|---|---|---|
Freehold | Fixtures & Fittings | Computer Equipment | Total | |
£ | £ | £ | £ | |
Cost | ||||
As at 1 January 2024 |
|
|
|
|
Additions |
|
|
|
|
As at 31 December 2024 |
|
|
|
|
Depreciation | ||||
As at 1 January 2024 |
|
|
|
|
Provided during the period |
|
|
|
|
As at 31 December 2024 |
|
|
|
|
Net Book Value | ||||
As at 31 December 2024 |
|
|
|
|
As at 1 January 2024 |
|
|
|
|
Subsidiaries | |
---|---|
£ | |
Cost | |
As at 1 January 2024 |
|
As at 31 December 2024 |
|
Provision | |
As at 1 January 2024 |
|
As at 31 December 2024 |
|
Net Book Value | |
As at 31 December 2024 |
|
As at 1 January 2024 |
|
Name of undertaking | Registered Office | Class of shares held | Direct holding | Indirect holding |
---|---|---|---|---|
|
Masonic Building, 9 Mill Street, Sutton Coldfield, West Midlands, B72 1TJ |
|
|
- |
Group | Company | ||||||
---|---|---|---|---|---|---|---|
2024 | 2023 | 2024 | 2023 | ||||
£ | £ | £ | £ | ||||
Stock |
|
|
|
|
|||
Group | Company | ||||||
---|---|---|---|---|---|---|---|
2024 | 2023 | 2024 | 2023 | ||||
£ | £ | £ | £ | ||||
Due within one year | |||||||
Trade debtors |
|
|
|
|
|||
Prepayments and accrued income |
|
|
|
|
|||
Other debtors |
|
|
|
|
|||
Amounts owed by subsidiaries | - | - |
|
|
|||
|
|
|
|
||||
Group | Company | ||||||
---|---|---|---|---|---|---|---|
2024 | 2023 | 2024 | 2023 | ||||
£ | £ | £ | £ | ||||
Trade creditors |
|
|
|
|
|||
Corporation tax |
|
|
|
|
|||
Other taxes and social security |
|
|
|
|
|||
Other creditors |
|
|
|
|
|||
Accruals and deferred income |
|
|
|
|
|||
Directors' loan accounts |
|
|
|
|
|||
|
|
|
|
||||
Group | Company | ||||||
---|---|---|---|---|---|---|---|
2024 | 2023 | 2024 | 2023 | ||||
£ | £ | £ | £ | ||||
Other timing differences | 13,052 | 13,583 | 9,052 | 9,220 | |||
Group | ||
---|---|---|
Deferred Tax | Total | |
£ | £ | |
As at 1 January 2024 |
|
13,583 |
Additions |
( |
(531) |
Balance at 31 December 2024 |
|
13,052 |
Company | ||
---|---|---|
Deferred Tax | Total | |
£ | £ | |
As at 1 January 2024 |
|
9,220 |
Deferred taxation |
( |
( |
Balance at 31 December 2024 |
|
9,052 |
2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
On equity shares: | |||
Interim dividend paid |
|
|
|