|
Director
|
|
2nd July 2025
|
|
|
|
|
|
|
|
|
|
Director
|
|
|
|
for and on behalf of
|
|
|
| 2024 | 2023 as restated |
|||
|---|---|---|---|---|
| Notes | £ | £ | ||
| TURNOVER | 3 |
|
|
|
| Cost of sales |
( |
( |
||
| GROSS PROFIT |
|
|
||
| Distribution costs |
( |
( |
||
| Administrative expenses |
( |
( |
||
| Other operating income |
|
|
||
| OPERATING PROFIT | 5 |
|
|
|
| Loss 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 as restated |
|||
|---|---|---|---|---|
| £ | £ | |||
| PROFIT FOR THE FINANCIAL YEAR |
|
|
||
| OTHER COMPREHENSIVE INCOME FOR THE YEAR | - | - | ||
| TOTAL COMPREHENSIVE INCOME FOR THE YEAR |
|
|
||
| 2024 | 2023 as restated |
||||
|---|---|---|---|---|---|
| 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 |
|
|
|||
| PROVISIONS FOR LIABILITIES | |||||
| Deferred Taxation | 18 |
( |
( |
||
| NET ASSETS |
|
|
|||
| CAPITAL AND RESERVES | |||||
| Called up share capital | 20 |
|
|
||
| Profit and Loss Account |
|
|
|||
| SHAREHOLDERS' FUNDS | 9,066,795 | 8,127,528 | |||
|
Director
|
|
|
| Share Capital | Profit and Loss Account | Total | |
|---|---|---|---|
| £ | £ | £ | |
| As at 1 July 2022 |
|
|
7,322,950 |
| Profit for the year and total comprehensive income | - |
|
1,158,518 |
| Dividends paid | - | (353,940) | (353,940) |
| As at 30 June 2023 and 1 July 2023 as restated |
|
|
8,127,528 |
| Profit for the year and total comprehensive income | - |
|
1,582,707 |
| Dividends paid | - | (643,440) | (643,440) |
| As at 30 June 2024 |
|
|
9,066,795 |
| 2024 | 2023 as restated |
|||
|---|---|---|---|---|
| Notes | £ | £ | ||
| Cash flows from operating activities | ||||
| Net cash generated from operations | 1 |
|
|
|
| Interest paid |
|
( |
||
| Tax paid |
( |
( |
||
| Net cash generated from/(used in) operating activities |
|
( |
||
| Cash flows from investing activities | ||||
| 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 |
( |
( |
||
| Increase/(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 as restated |
||
|---|---|---|---|
| £ | £ | ||
| Profit for the financial year |
|
|
|
| Adjustments for: | |||
| Tax on profit |
|
|
|
| Interest expense | - |
|
|
| Interest income |
( |
( |
|
| Depreciation of tangible assets |
|
|
|
| Loss on disposal of tangible assets | 7,540 | - | |
| Movements in working capital: | |||
| Decrease/(increase) in stocks |
|
( |
|
| Increase in trade and other debtors |
( |
( |
|
| (Decrease)/increase in trade and other creditors |
( |
|
|
| Net cash generated from operations |
|
|
|
| 2024 | 2023 as restated |
||
|---|---|---|---|
| £ | £ | ||
| Cash at bank and in hand |
|
|
|
| As at 1 July 2023 | Cash flows | As at 30 June 2024 | |
|---|---|---|---|
| £ | £ | £ | |
| Cash at bank and in hand |
|
783,191 |
|
| Leasehold |
|
| Plant & Machinery |
|
| Motor Vehicles |
|
| Fixtures & Fittings |
|
| 2024 | 2023 as restated |
||
|---|---|---|---|
| £ | £ | ||
| United Kingdom |
|
|
|
| North America | - |
|
|
| 16,665,315 | 15,372,033 | ||
| 2024 | 2023 as restated |
||
|---|---|---|---|
| £ | £ | ||
| Other operating income |
|
|
|
| 39,579 | 25,369 | ||
| 2024 | 2023 as restated |
||
|---|---|---|---|
| £ | £ | ||
| Bad debts | 920 | 9,846 | |
| Research and Development Costs |
|
|
|
| Depreciation of tangible fixed assets |
|
|
|
| 2024 | 2023 as restated |
||
|---|---|---|---|
| £ | £ | ||
| Audit Services | |||
| Audit of the company's financial statements | - |
|
|
| 2024 | 2023 as restated |
||
|---|---|---|---|
| £ | £ | ||
| Wages and salaries |
|
|
|
| Social security costs |
|
|
|
| Other pension costs |
|
|
|
|
|
|
||
| 2024 | 2023 | ||
|---|---|---|---|
| Office and administration |
|
|
|
| Sales, marketing and distribution |
|
|
|
|
|
|
||
| 2024 | 2023 as restated |
||
|---|---|---|---|
| £ | £ | ||
| Emoluments |
|
|
|
| 2024 | 2023 as restated |
||
|---|---|---|---|
| £ | £ | ||
| Bank interest receivable |
|
|
|
| Interest receivable on Corporation tax payments on account | 17,942 | - | |
| 50,815 | 15,656 | ||
| 2024 | 2023 as restated |
||
|---|---|---|---|
| £ | £ | ||
| Other finance charges | - |
|
|
|
The tax charge on the profit for the year was as follows:
|
|||||
| Tax Rate | 2024 | 2023 as restated |
|||
|---|---|---|---|---|---|
| 2024 | 2023 | £ | £ | ||
| Current tax | |||||
| UK Corporation Tax | 25.0% | 20.5% |
|
|
|
| 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 | 2,119,018 | 1,495,907 | |||
| 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 |
|
( |
|||
| Prior period adjustment |
|
|
|||
| Total tax charge for the period | 536,311 | 337,389 | |||
| Land & Property | |||||
|---|---|---|---|---|---|
| Leasehold | Plant & Machinery | Motor Vehicles | Fixtures & Fittings | Total | |
| £ | £ | £ | £ | £ | |
| Cost | |||||
| As at 1 July 2023 |
|
|
|
|
|
| Additions |
|
|
|
|
|
| Disposals |
|
( |
|
( |
( |
| As at 30 June 2024 |
|
|
|
|
|
| Depreciation | |||||
| As at 1 July 2023 |
|
|
|
|
|
| Provided during the period |
|
|
|
|
|
| Disposals |
|
( |
|
( |
( |
| As at 30 June 2024 |
|
|
|
|
|
| Net Book Value | |||||
| As at 30 June 2024 |
|
|
|
|
|
| As at 1 July 2023 |
|
|
|
|
|
| 2024 | 2023 as restated |
||
|---|---|---|---|
| £ | £ | ||
| Finished goods |
|
|
|
| 2024 | 2023 as restated |
||
|---|---|---|---|
| £ | £ | ||
| Due within one year | |||
| Trade debtors |
|
|
|
| Prepayments and accrued income |
|
|
|
| Other debtors |
|
|
|
| Corporation tax recoverable assets |
|
|
|
| Directors' loan accounts |
|
|
|
| Amounts owed by associates |
|
|
|
|
|
|
||
| 2024 | 2023 as restated |
||
|---|---|---|---|
| £ | £ | ||
| Trade creditors |
|
|
|
| Other creditors | 39,531 | - | |
| Corporation tax |
|
( |
|
| Taxation and social security | 409,729 | 464,236 | |
| Accruals and deferred income | 597,403 | 496,839 | |
|
|
|
||
| 2024 | 2023 as restated |
||
|---|---|---|---|
| £ | £ | ||
| Other timing differences | 16,078 | 4,892 | |
| Deferred Tax | Total | |
|---|---|---|
| £ | £ | |
| As at 1 July 2023 |
|
4,892 |
| Additions |
|
11,186 |
| Balance at 30 June 2024 |
|
16,078 |
| 2024 | 2023 as restated |
||
|---|---|---|---|
| £ | £ | ||
| Not later than one year |
|
|
|
| Later than one year and not later than five years |
|
|
|
|
|
|
||
| As at 1 July 2023 | Amounts advanced | Amounts repaid | Amounts written off | As at 30 June 2024 | |
|---|---|---|---|---|---|
| £ | £ | £ | £ | £ | |
| Mr Paul Taylor |
|
|
|
- |
|
| Mr Michael Downing |
|
|
|
- |
|
| 2024 | 2023 as restated |
||
|---|---|---|---|
| £ | £ | ||
| On equity shares: | |||
| Final dividend paid |
|
|
|