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Financial Statements |
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Contents |
Page |
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Officers and professional advisers |
1 |
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Strategic report |
2 |
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Director's report |
4 |
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Independent auditor's report to the members |
6 |
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Consolidated statement of income and retained earnings |
10 |
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Company statement of income and retained earnings |
11 |
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Consolidated statement of financial position |
12 |
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Company statement of financial position |
13 |
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Consolidated statement of cash flows |
14 |
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Notes to the financial statements |
15 |
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Officers and Professional Advisers |
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Director |
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Registered office |
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Auditor |
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Chartered accountants & statutory auditor |
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The Old Mill, |
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9 Soar Lane |
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Leicester |
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LE3 5DE |
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Strategic Report |
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Director |
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Registered office: |
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Director's Report |
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(Resigned
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(Resigned
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Director |
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Registered office: |
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Independent Auditor's Report to the Members of
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(Senior Statutory Auditor) |
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For and on behalf of |
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Chartered accountants & statutory auditor |
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The Old Mill, |
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9 Soar Lane |
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Leicester |
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LE3 5DE |
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Consolidated Statement of Income and Retained Earnings |
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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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Other operating income |
5 |
– |
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------------ |
------------ |
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Operating profit |
6 |
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Other interest receivable and similar income |
10 |
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– |
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Interest payable and similar expenses |
11 |
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------------ |
------------ |
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Loss before taxation |
(
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(
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Tax on loss |
12 |
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(
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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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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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------------ |
------------ |
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Company Statement of Income and Retained Earnings |
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2024 |
2023 |
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Note |
£ |
£ |
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(Loss)/profit for the financial year and total comprehensive income |
(
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(
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Retained losses at the start of the year |
(
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(
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--------- |
--------- |
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Retained losses at the end of the year |
(
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(
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--------- |
--------- |
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Consolidated Statement of Financial Position |
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2024 |
2023 |
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Note |
£ |
£ |
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Negative goodwill |
13 |
(
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(
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Tangible assets |
14 |
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Investments |
15 |
– |
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------------ |
------------ |
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Stocks |
16 |
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Debtors |
17 |
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Cash at bank and in hand |
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------------ |
------------ |
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Creditors: amounts falling due within one year |
18 |
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------------ |
------------ |
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Net current liabilities |
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------------ |
------------ |
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Total assets less current liabilities |
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Creditors: amounts falling due after more than one year |
19 |
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------------ |
------------ |
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Net assets |
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------------ |
------------ |
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Called up share capital |
23 |
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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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Company Statement of Financial Position |
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2024 |
2023 |
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Note |
£ |
£ |
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Investments |
15 |
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Debtors |
17 |
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Cash at bank and in hand |
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-------- |
--------- |
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Creditors: amounts falling due within one year |
18 |
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------------ |
------------ |
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Net current liabilities |
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------------ |
------------ |
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Total assets less current liabilities |
(
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(
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--------- |
--------- |
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Net liabilities |
(
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(
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--------- |
--------- |
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Called up share capital |
23 |
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Profit and loss account |
(
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(
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--------- |
--------- |
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Shareholders deficit |
(
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(
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--------- |
--------- |
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Director |
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Consolidated Statement of Cash Flows |
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2024 |
2023 |
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£ |
£ |
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(Loss)/profit for the financial year |
(
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Adjustments for: |
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Depreciation of tangible assets |
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Amortisation of intangible assets |
(
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(
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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/(gains) on disposal of tangible assets |
|
(
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Tax on loss |
– |
(4,422) |
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Accrued expenses/(income) |
|
(
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Changes in: |
||
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Stocks |
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(
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Trade and other debtors |
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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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– |
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Tax paid |
(
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(
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--------- |
------------ |
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Net cash (used in)/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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Acquisition of subsidiaries |
– |
(
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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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(
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Payments of finance lease liabilities |
(
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--------- |
------------ |
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Net cash (used in)/from financing activities |
(
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--------- |
------------ |
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Net (decrease)/increase in cash and cash equivalents |
(
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Cash and cash equivalents at beginning of year |
809,347 |
465,389 |
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--------- |
--------- |
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Cash and cash equivalents at end of year |
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--------- |
--------- |
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Notes to the Financial Statements |
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Goodwill |
- |
9-10 years straight line
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Plant and machinery |
- |
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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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|
United Kingdom |
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Overseas sales |
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------------- |
------------- |
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------------- |
------------- |
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2024 |
2023 |
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£ |
£ |
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Other operating income |
– |
|
|
---- |
------- |
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|
2024 |
2023 |
|
|
£ |
£ |
|
|
Amortisation of intangible assets |
(
|
(
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Depreciation of tangible assets |
|
|
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Loss/(gains) on disposal of tangible assets |
|
(
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Impairment of trade debtors |
331,734 |
(1,904) |
|
Operating lease rentals |
|
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|
--------- |
--------- |
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|
2024 |
2023 |
|
|
£ |
£ |
|
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Fees payable for the audit of the financial statements |
|
|
|
-------- |
-------- |
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|
2024 |
2023 |
|
|
No. |
No. |
|
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Distribution staff |
|
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Administrative staff |
|
|
|
---- |
---- |
|
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|
---- |
---- |
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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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|
------------ |
------------ |
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------------ |
------------ |
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|
2024 |
2023 |
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|
£ |
£ |
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Remuneration |
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|
--------- |
--------- |
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|
2024 |
2023 |
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|
£ |
£ |
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Aggregate remuneration |
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|
--------- |
--------- |
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|
2024 |
2023 |
|
|
£ |
£ |
|
|
Interest on cash and cash equivalents |
|
– |
|
---- |
---- |
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|
2024 |
2023 |
|
|
£ |
£ |
|
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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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|
2024 |
2023 |
|
|
£ |
£ |
|
|
UK current tax income |
– |
|
|
Adjustments in respect of prior periods |
– |
(
|
|
---- |
------- |
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Total current tax |
– |
(
|
|
---- |
------- |
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|
Origination and reversal of timing differences |
|
(
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|
--------- |
--------- |
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Tax on loss |
|
(
|
|
--------- |
--------- |
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|
2024 |
2023 |
|
|
£ |
£ |
|
|
Loss on ordinary activities before taxation |
(
|
(
|
|
--------- |
-------- |
|
|
Loss on ordinary activities by rate of tax |
(
|
(
|
|
Adjustment to tax charge in respect of prior periods |
– |
(
|
|
Effect of expenses not deductible for tax purposes |
|
|
|
Effect of capital allowances and depreciation |
(
|
(
|
|
Utilisation of tax losses |
(
|
– |
|
Unused tax losses |
– |
|
|
Deferred tax |
|
(
|
|
--------- |
--------- |
|
|
Tax on loss |
|
(
|
|
--------- |
--------- |
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|
Group |
Goodwill |
|
£ |
|
|
Cost |
|
|
At 30 March 2023 |
(
|
|
Acquisitions through business combinations |
|
|
------------ |
|
|
At 29 March 2024 |
(
|
|
------------ |
|
|
Amortisation |
|
|
At 30 March 2023 |
(
|
|
Charge for the year |
(
|
|
------------ |
|
|
At 29 March 2024 |
(
|
|
------------ |
|
|
Carrying amount |
|
|
At 29 March 2024 |
(
|
|
------------ |
|
|
At 29 March 2023 |
(
|
|
------------ |
|
|
Group |
Plant and machinery |
|
£ |
|
|
Cost |
|
|
At 30 March 2023 |
|
|
Additions |
|
|
Disposals |
(
|
|
------------ |
|
|
At 29 March 2024 |
|
|
------------ |
|
|
Depreciation |
|
|
At 30 March 2023 |
|
|
Charge for the year |
|
|
Disposals |
(
|
|
------------ |
|
|
At 29 March 2024 |
|
|
------------ |
|
|
Carrying amount |
|
|
At 29 March 2024 |
|
|
------------ |
|
|
At 29 March 2023 |
|
|
------------ |
|
|
Group |
Plant and machinery |
|
£ |
|
|
At 29 March 2024 |
|
|
------------ |
|
|
At 29 March 2023 |
|
|
------------ |
|
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Group |
Other investments other than loans |
|
£ |
|
|
Cost |
|
|
At 30 March 2023 |
|
|
Disposals |
(
|
|
--------- |
|
|
At 29 March 2024 |
– |
|
--------- |
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|
Impairment |
|
|
At 30 March 2023 and 29 March 2024 |
– |
|
--------- |
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|
Carrying amount |
|
|
At 29 March 2024 |
– |
|
--------- |
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At 29 March 2023 |
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|
--------- |
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Company |
Shares in group undertakings |
Other investments other than loans |
Total |
|
£ |
£ |
£ |
|
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Cost |
|||
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At 30 March 2023 |
|
|
|
|
Additions |
|
– |
|
|
Disposals |
– |
(
|
(
|
|
------------ |
--------- |
------------ |
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|
At 29 March 2024 |
|
– |
|
|
------------ |
--------- |
------------ |
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Impairment |
|||
|
At 30 March 2023 and 29 March 2024 |
– |
– |
– |
|
------------ |
--------- |
------------ |
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|
Carrying amount |
|||
|
At 29 March 2024 |
|
– |
|
|
------------ |
--------- |
------------ |
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|
At 29 March 2023 |
|
|
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|
------------ |
--------- |
------------ |
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|
Class of share |
Percentage of shares held |
|
|
Subsidiary undertakings |
||
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|
Ordinary |
100 |
|
|
Ordinary |
100 |
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Group |
Company |
|||
|
2024 |
2023 |
2024 |
2023 |
|
|
£ |
£ |
£ |
£ |
|
|
Raw materials and consumables |
|
|
– |
– |
|
--------- |
--------- |
---- |
---- |
|
|
Group |
Company |
|||
|
2024 |
2023 |
2024 |
2023 |
|
|
£ |
£ |
£ |
£ |
|
|
Trade debtors |
|
|
– |
– |
|
Deferred tax asset |
|
|
|
|
|
Prepayments and accrued income |
|
|
– |
– |
|
Corporation tax repayable |
|
– |
– |
– |
|
Director's loan account |
|
|
|
|
|
Other debtors |
|
|
|
|
|
------------ |
------------ |
-------- |
--------- |
|
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|
|
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|
------------ |
------------ |
-------- |
--------- |
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|
Group |
Company |
|||
|
2024 |
2023 |
2024 |
2023 |
|
|
£ |
£ |
£ |
£ |
|
|
Bank loans and overdrafts |
|
|
– |
– |
|
Trade creditors |
|
|
|
|
|
Amounts owed to group undertakings |
– |
– |
|
|
|
Accruals and deferred income |
|
|
|
|
|
Corporation tax |
– |
|
– |
– |
|
Social security and other taxes |
|
|
– |
– |
|
Obligations under finance leases and hire purchase contracts |
|
|
– |
– |
|
Other creditors |
|
|
|
|
|
------------ |
------------ |
------------ |
------------ |
|
|
|
|
|
|
|
|
------------ |
------------ |
------------ |
------------ |
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|
Group |
Company |
|||
|
2024 |
2023 |
2024 |
2023 |
|
|
£ |
£ |
£ |
£ |
|
|
Bank loans and overdrafts |
|
|
– |
– |
|
Obligations under finance leases and hire purchase contracts |
|
|
– |
– |
|
--------- |
--------- |
---- |
---- |
|
|
|
|
– |
– |
|
|
--------- |
--------- |
---- |
---- |
|
|
Group |
Company |
|||
|
2024 |
2023 |
2024 |
2023 |
|
|
£ |
£ |
£ |
£ |
|
|
Not later than 1 year |
|
|
– |
– |
|
Later than 1 year and not later than 5 years |
|
|
– |
– |
|
------------ |
------------ |
---- |
---- |
|
|
|
|
– |
– |
|
|
Less: future finance charges |
(
|
(
|
– |
– |
|
------------ |
------------ |
---- |
---- |
|
|
Present value of minimum lease payments |
|
|
– |
– |
|
------------ |
------------ |
---- |
---- |
|
|
Group |
Company |
|||
|
2024 |
2023 |
2024 |
2023 |
|
|
£ |
£ |
£ |
£ |
|
|
Included in debtors (note 17) |
|
|
|
|
|
--------- |
--------- |
-------- |
-------- |
|
|
Group |
Company |
|||
|
2024 |
2023 |
2024 |
2023 |
|
|
£ |
£ |
£ |
£ |
|
|
Accelerated capital allowances |
(
|
(
|
– |
– |
|
Unused tax losses |
|
|
|
|
|
--------- |
--------- |
-------- |
-------- |
|
|
196,220 |
366,239 |
34,533 |
21,273 |
|
|
--------- |
--------- |
-------- |
-------- |
|
|
2024 |
2023 |
|||
|
No. |
£ |
No. |
£ |
|
|
|
|
1,001 |
|
1,001 |
|
-------- |
------- |
-------- |
------- |
|
|
At 30 Mar 2023 |
Cash flows |
At 29 Mar 2024 |
|
|
£ |
£ |
£ |
|
|
Cash at bank and in hand |
|
(578,151) |
|
|
Debt due within one year |
(667,430) |
76,153 |
(591,277) |
|
Debt due after one year |
(846,164) |
219,273 |
(626,891) |
|
--------- |
--------- |
--------- |
|
|
(
|
(
|
(
|
|
|
--------- |
--------- |
--------- |
|
|
Group |
Company |
|||
|
2024 |
2023 |
2024 |
2023 |
|
|
£ |
£ |
£ |
£ |
|
|
Not later than 1 year |
|
|
– |
– |
|
Later than 1 year and not later than 5 years |
|
|
– |
– |
|
------------ |
------------ |
---- |
---- |
|
|
|
|
– |
– |
|
|
------------ |
------------ |
---- |
---- |
|