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Director
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24th July 2025
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Director
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for and on behalf of
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146 New London Road
Chelmsford
Essex
CM2 0AW
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| 2024 | 2023 | |||
|---|---|---|---|---|
| Notes | £ | £ | ||
| TURNOVER |
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| Cost of sales |
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| GROSS PROFIT |
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| Administrative expenses |
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| Other operating income |
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| OPERATING PROFIT | 4 |
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| Profit on disposal of fixed assets |
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| Other interest receivable and similar income | 9 |
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| Interest payable and similar charges | 10 |
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| PROFIT BEFORE TAXATION |
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| Tax on Profit | 11 |
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| PROFIT AFTER TAXATION BEING PROFIT FOR THE FINANCIAL YEAR |
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| 2024 | 2023 | |||
|---|---|---|---|---|
| £ | £ | |||
| PROFIT FOR THE FINANCIAL YEAR |
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| OTHER COMPREHENSIVE INCOME FOR THE YEAR | - | - | ||
| TOTAL COMPREHENSIVE INCOME FOR THE YEAR |
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| 2024 | 2023 | ||||
|---|---|---|---|---|---|
| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Tangible Assets | 12 |
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| CURRENT ASSETS | |||||
| Debtors | 13 |
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| Cash at bank and in hand |
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| Creditors: Amounts Falling Due Within One Year | 14 |
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| NET CURRENT ASSETS (LIABILITIES) |
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| TOTAL ASSETS LESS CURRENT LIABILITIES |
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| Creditors: Amounts Falling Due After More Than One Year | 15 |
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| PROVISIONS FOR LIABILITIES | |||||
| Deferred Taxation | 18 |
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| NET ASSETS |
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| CAPITAL AND RESERVES | |||||
| Called up share capital | 20 |
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| Profit and Loss Account |
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| SHAREHOLDERS' FUNDS | 1,378,238 | 1,127,169 | |||
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Director
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| Share Capital | Profit and Loss Account | Total | |
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| £ | £ | £ | |
| As at 1 January 2023 |
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844,267 |
| Profit for the year and total comprehensive income | - |
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321,191 |
| Dividends paid | - | (38,289) | (38,289) |
| As at 31 December 2023 and 1 January 2024 |
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1,127,169 |
| Profit for the year and total comprehensive income | - |
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362,861 |
| Dividends paid | - | (111,792) | (111,792) |
| As at 31 December 2024 |
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1,378,238 |
| 2024 | 2023 | |||
|---|---|---|---|---|
| Notes | £ | £ | ||
| Cash flows from operating activities | ||||
| Net cash generated from operations | 1 |
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| Interest paid |
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| Net cash generated from operating activities |
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| Cash flows from investing activities | ||||
| Purchase of tangible assets |
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| Proceeds from disposal of tangible assets |
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| Proceeds from disposal of investment in subsidiary undertaking |
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| Interest received |
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| Net cash generated from investing activities |
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| Cash flows from financing activities | ||||
| Equity dividends paid |
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| Repayment of bank borrowings |
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| Proceeds from new other loans | - | 22,475 | ||
| Repayment of finance leases |
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| Amount withdrawn by directors | (185,123) | - | ||
| Net cash used in financing activities |
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| Increase in cash and cash equivalents |
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| Cash and cash equivalents at beginning of year | 2 |
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| Cash and cash equivalents at end of year | 2 |
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| 2024 | 2023 | ||
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| £ | £ | ||
| Profit for the financial year |
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| Adjustments for: | |||
| Tax on profit |
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| Interest expense |
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| Interest income |
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| Depreciation of tangible assets |
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| Profit on disposal of tangible assets | (107,933) | (614,102) | |
| Movements in working capital: | |||
| Increase in trade and other debtors |
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| Increase in trade and other creditors |
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| Net cash generated from operations |
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| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Cash at bank and in hand |
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| Overdraft facilities repayable on demand |
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| Cash and cash equivalents as stated in the Statement of Cash Flows | 1,434,065 | 46,800 | |
| As at 1 January 2024 | Cash flows | As at 31 December 2024 | |
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| £ | £ | £ | |
| Cash at bank and in hand |
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650,556 |
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| Overdraft facilities repayable on demand | (895,862) | 736,709 | (159,153) |
| Cash and cash equivalents |
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1,387,265 |
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| Finance leases | (2,832,452) | (1,409,258) | (4,241,710) |
| Debts falling due after more than one year | (160,838) | 102,257 | (58,581) |
| (2,946,490) | 80,264 | (2,866,226) | |
| Motor Vehicles |
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| Fixtures & Fittings |
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| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Other operating income |
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| 16,252 | 31,000 | ||
| 2024 | 2023 | ||
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| £ | £ | ||
| Bad debts | - | 91,032 | |
| Depreciation of tangible fixed assets |
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| 2024 | 2023 | ||
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| £ | £ | ||
| Audit Services | |||
| Audit of the company's financial statements |
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| 2024 | 2023 | ||
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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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| 2024 | 2023 | ||
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| Office and administration |
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| 2024 | 2023 | ||
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| £ | £ | ||
| Emoluments |
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| Company contributions to money purchase pension schemes |
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| 2024 | 2023 | ||
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| Money purchase pension schemes |
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| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Bank interest receivable |
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| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Bank loans and overdrafts |
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| Factoring charges | 153,787 | 122,189 | |
| Finance charges payable under finance leases and hire purchase contracts | 220,076 | 218,019 | |
| Other finance charges |
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| 403,607 | 385,449 | ||
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The tax charge on the profit for the year was as follows:
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| Tax Rate | 2024 | 2023 | |||
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| 2024 | 2023 | £ | £ | ||
| Current tax | |||||
| UK Corporation Tax | 25.0% | 25.0% |
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| Deferred Tax | |||||
| Deferred taxation |
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| Total tax charge for the period |
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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:
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| 2024 | 2023 | ||||
| £ | £ | ||||
| Profit before tax | 559,861 | 621,191 | |||
| Tax on profit at 25% (UK standard rate) |
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| Expenses not deductible for tax purposes |
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| Tax losses utilised |
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| Capital allowances |
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| Total tax charge for the period | - | - | |||
| Land & Property | ||||
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| Freehold | Motor Vehicles | Fixtures & Fittings | Total | |
| £ | £ | £ | £ | |
| Cost | ||||
| As at 1 January 2024 |
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| Additions |
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| Disposals |
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| As at 31 December 2024 |
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| Depreciation | ||||
| As at 1 January 2024 |
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| Provided during the period |
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| Disposals |
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| As at 31 December 2024 |
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| Net Book Value | ||||
| As at 31 December 2024 |
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| As at 1 January 2024 |
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| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Due within one year | |||
| Trade debtors |
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| Other debtors | 3,143,728 | 2,888,431 | |
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| 2024 | 2023 | ||
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| £ | £ | ||
| Net obligations under finance lease and hire purchase contracts |
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| Trade creditors |
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| Bank loans and overdrafts |
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| Other creditors | 341,789 | 204,235 | |
| Taxation and social security | 1,351,613 | 772,418 | |
| Accruals and deferred income | 228,436 | 65,450 | |
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| 2024 | 2023 | ||
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| £ | £ | ||
| Net obligations under finance lease and hire purchase contracts |
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| Bank loans due > 1 year |
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| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Amounts falling due between one and five years: | |||
| Bank loans |
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| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| The future minimum finance lease payments are as follows: | |||
| Not later than one year |
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| Later than one year and not later than five years |
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| 2024 | 2023 | ||
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| £ | £ | ||
| Other timing differences | 557,000 | 360,000 | |
| Deferred Tax | Total | |
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| £ | £ | |
| As at 1 January 2024 |
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360,000 |
| Reversals |
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197,000 |
| Balance at 31 December 2024 |
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557,000 |
| 2024 | 2023 | ||
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| £ | £ | ||
| Not later than one year |
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| Later than one year and not later than five years |
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| As at 1 January 2024 | Amounts advanced | Amounts repaid | Amounts written off | As at 31 December 2024 | |
|---|---|---|---|---|---|
| £ | £ | £ | £ | £ | |
| Mr Keith Page |
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| Mr Andrei Ungurianu |
( |
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| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| On equity shares: | |||
| Interim dividend paid |
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