|
Financial KPIs
|
Unit
|
2024
|
2023
|
|
Turnover
|
£
|
3,266,567
|
3,491,380
|
|
Profit before tax
|
£
|
539,571
|
435,919
|
|
Staff numbers
|
71
|
82
|
|
Director
|
|
8th July 2025
|
|
|
||
|
|
Appointed |
|
|
|
Appointed |
|
|
Director
|
|
|
|
for and on behalf of
|
|
|
|
76 Canterbury Innovation Centre
University Road
Canterbury
Kent
CT2 7FG
|
| 2024 | 2023 | |||
|---|---|---|---|---|
| Notes | £ | £ | ||
| TURNOVER | 3 |
|
|
|
| Cost of sales |
( |
( |
||
| GROSS PROFIT |
|
|
||
| Administrative expenses |
( |
( |
||
| OPERATING PROFIT | 4 |
|
|
|
| Other interest receivable and similar income | 9 |
|
|
|
| Interest payable and similar charges | 10 |
|
( |
|
| PROFIT BEFORE TAXATION |
|
|
||
| Tax on Profit | 11 |
( |
( |
|
| PROFIT AFTER TAXATION BEING PROFIT FOR THE FINANCIAL YEAR |
|
|
||
| 2024 | 2023 | |||
|---|---|---|---|---|
| £ | £ | |||
| PROFIT FOR THE FINANCIAL YEAR |
|
|
||
| OTHER COMPREHENSIVE INCOME FOR THE YEAR | - | - | ||
| TOTAL COMPREHENSIVE INCOME FOR THE YEAR |
|
|
||
| 2024 | 2023 | ||||
|---|---|---|---|---|---|
| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Intangible Assets | 12 |
|
|
||
| Tangible Assets | 13 |
|
|
||
|
|
|
||||
| CURRENT ASSETS | |||||
| Stocks | 14 |
|
|
||
| Debtors | 15 |
|
|
||
| Cash at bank and in hand |
|
|
|||
|
|
|
||||
| Creditors: Amounts Falling Due Within One Year | 16 |
( |
( |
||
| NET CURRENT ASSETS (LIABILITIES) |
|
|
|||
| TOTAL ASSETS LESS CURRENT LIABILITIES |
|
|
|||
| PROVISIONS FOR LIABILITIES | |||||
| Deferred Taxation | 17 |
( |
( |
||
| NET ASSETS |
|
|
|||
| CAPITAL AND RESERVES | |||||
| Called up share capital | 19 |
|
|
||
| Profit and Loss Account |
|
|
|||
| SHAREHOLDERS' FUNDS | 5,518,288 | 5,324,852 | |||
|
Director
|
|
|
| Share Capital | Profit and Loss Account | Total | |
|---|---|---|---|
| £ | £ | £ | |
| As at 31 October 2022 |
|
|
5,131,932 |
| Profit for the year and total comprehensive income | - |
|
310,296 |
| Dividends paid | - | (117,376) | (117,376) |
| As at 30 October 2023 and 31 October 2023 |
|
|
5,324,852 |
| Profit for the year and total comprehensive income | - |
|
406,802 |
| Dividends paid | - | (213,366) | (213,366) |
| As at 30 October 2024 |
|
|
5,518,288 |
| 2024 | 2023 | |||
|---|---|---|---|---|
| Notes | £ | £ | ||
| Cash flows from operating activities | ||||
| Net cash generated from operations | 1 |
|
|
|
| Tax paid |
( |
( |
||
| Net cash generated from operating activities |
|
|
||
| Cash flows from investing activities | ||||
| Purchase of intangible assets |
( |
|
||
| Purchase of tangible assets |
( |
( |
||
| Proceeds from disposal of tangible assets |
|
|
||
| Interest received |
|
|
||
| Net cash (used in)/generated from investing activities |
( |
|
||
| Cash flows from financing activities | ||||
| Equity dividends paid |
( |
( |
||
| Proceeds from new bank borrowings |
|
( |
||
| Interest paid | - | (28,836) | ||
| 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 |
( |
( |
|
| Amortisation of intangible assets |
|
|
|
| Depreciation of tangible assets |
|
|
|
| Loss on disposal of tangible assets | - | 139,100 | |
| Movements in working capital: | |||
| Decrease/(increase) in stocks |
|
( |
|
| Decrease 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 31 October 2023 | Cash flows | As at 30 October 2024 | |
|---|---|---|---|
| £ | £ | £ | |
| Cash at bank and in hand |
|
280,140 |
|
| Freehold |
|
| Leasehold |
|
| Plant & Machinery |
|
| Motor Vehicles |
|
| Fixtures & Fittings |
|
| Computer Equipment |
|
| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Rendering of Services | 3,266,567 | 3,491,380 | |
| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Operating lease rentals | - |
|
|
| Depreciation of tangible fixed assets |
|
|
|
| Amortisation of intangible 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
|
|
|
£
|
£
|
|
|
Other short-term employee benefits
|
16,455
|
14,006
|
|
Other employee costs
|
2,171
|
556
|
|
18,626
|
14,562
|
| 2024 | 2023 | ||
|---|---|---|---|
| Administration and support |
|
|
|
|
|
|
||
| 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 |
|
|
|
| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Bank loans and overdrafts | - |
|
|
| Other finance charges | - |
|
|
| - | 28,836 | ||
|
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% | 25.0% |
|
|
|
| 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 | 539,571 | 435,920 | |||
| 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 |
|
( |
|||
| Difference in tax rates |
|
( |
|||
| Group relief |
( |
|
|||
| Total tax charge for the period | 132,769 | 125,624 | |||
| Other | |||
|---|---|---|---|
| £ | |||
| Cost | |||
| As at 31 October 2023 |
|
||
| Additions |
|
||
| As at 30 October 2024 |
|
||
| Amortisation | |||
| As at 31 October 2023 |
|
||
| Provided during the period |
|
||
| As at 30 October 2024 |
|
||
| Net Book Value | |||
| As at 30 October 2024 |
|
||
| As at 31 October 2023 |
|
||
| Land & Property | ||||
|---|---|---|---|---|
| Freehold | Leasehold | Plant & Machinery | Motor Vehicles | |
| £ | £ | £ | £ | |
| Cost | ||||
| As at 31 October 2023 |
|
|
|
|
| Additions |
|
|
|
|
| Disposals |
|
|
( |
|
| As at 30 October 2024 |
|
|
|
|
| Depreciation | ||||
| As at 31 October 2023 |
|
|
|
|
| Provided during the period |
|
|
|
|
| Disposals |
|
|
( |
|
| As at 30 October 2024 |
|
|
|
|
| Net Book Value | ||||
| As at 30 October 2024 |
|
|
|
|
| As at 31 October 2023 |
|
|
|
|
| Fixtures & Fittings | Computer Equipment | Total | |
|---|---|---|---|
| £ | £ | £ | |
| Cost | |||
| As at 31 October 2023 |
|
|
|
| Additions |
|
|
|
| Disposals |
|
|
( |
| As at 30 October 2024 |
|
|
|
| Depreciation | |||
| As at 31 October 2023 |
|
|
|
| Provided during the period |
|
|
|
| Disposals |
|
|
( |
| As at 30 October 2024 |
|
|
|
| Net Book Value | |||
| As at 30 October 2024 |
|
|
|
| As at 31 October 2023 |
|
|
|
| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Stock |
|
|
|
| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Due within one year | |||
| Trade debtors |
|
|
|
| Other debtors | 3,766,334 | 4,078,729 | |
|
|
|
||
| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Trade creditors |
|
|
|
| Payments on account |
|
|
|
| Amounts owed to group undertakings |
|
|
|
| Other creditors | 78,859 | 77,241 |
| Corporation tax |
|
|
|
| Taxation and social security | 113,284 | 157,436 | |
| Accruals and deferred income | 15,195 | 16,386 | |
|
|
|
||
| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Other timing differences | 71,994 | 59,664 | |
| Deferred Tax | Total | |
|---|---|---|
| £ | £ | |
| As at 31 October 2023 |
|
59,664 |
| Additions |
|
12,330 |
| Balance at 30 October 2024 |
|
71,994 |
|
Balance at start of period
|
1,983
|
|
Amounts advanced
|
0
|
|
Amounts repaid
|
0
|
|
Amount written off
|
0
|
|
Balance at end of period
|
1,983
|
| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| On equity shares: | |||
| Interim dividend paid |
|
|
|
|
Other related parties
|
Total
|
|
|
2024
|
£
|
£
|
|
At start of period
|
3,935,889
|
3,935,889
|
|
Advanced
|
23,676
|
23,676
|
|
Repaid
|
(300,000)
|
(300,000)
|
|
At end of period
|
3,659,565
|
3,659,565
|
|
Other related parties
|
Total
|
|
|
2023
|
£
|
£
|
|
At start of period
|
4,829,705
|
4,829,705
|
|
Advanced
|
15,364
|
15,364
|
|
Repaid
|
(909,180)
|
(909,180)
|
|
At end of period
|
3,935,889
|
3,935,889
|
The Vines of Rochester Ltd
A company under common control
A loan is owed by The Vines of Rochester. The outstanding balance on the loan as at the year end is £3,751,838 (2023: £4,043,753). There is no interest due. The loan is repayable upon demand.
Peapod Portfolio Ltd
A company under common control
A loan is owed to Peapod Portfolio Ltd. The outstanding balance on the loan at the year end is £92,272 (2023: £107,864). There is no interest due. The loan is repayable upon demand.