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| Strategic Report | 1—2 |
| Directors' Report | 3—4 |
| Independent Auditor's Report | 5—7 |
| Profit and Loss Account | 8 |
| Balance Sheet | 9 |
| Statement of Changes in Equity | 10 |
| Notes to the Financial Statements | 11—19 |
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2024
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2023
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£
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£
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Turnover
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13,367,541
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12,109,009
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Gross Profit
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6,543,041
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6,316,456
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GPM%
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48.95%
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52.16%
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EBITDA
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2,008,933
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2,523,588
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Bank and Cash
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1,111,077
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1,335,067
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Current Ratio
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1.48
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1.26
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Debtor Days
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41 days
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53 days
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Director
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08/08/2025
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Director
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for and on behalf of
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Suite 2, 2 Mannin Way
Lancaster Business Park
Caton Road
Lancaster
LA1 3SU
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| 2024 | 2023 | |||
|---|---|---|---|---|
| Notes | £ | £ | ||
| TURNOVER | 3 |
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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 | 5 |
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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 | ||||
|---|---|---|---|---|---|
| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Intangible Assets | 12 |
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| Tangible Assets | 13 |
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| CURRENT ASSETS | |||||
| Stocks | 14 |
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| Debtors | 15 |
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| Cash at bank and in hand |
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| Creditors: Amounts Falling Due Within One Year | 16 |
( |
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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 | 17 |
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| PROVISIONS FOR LIABILITIES | |||||
| Deferred Taxation | 18 |
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( |
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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 | 4,260,308 | 3,761,621 | |||
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Director
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| Share Capital | Profit and Loss Account | Total | |
|---|---|---|---|
| £ | £ | £ | |
| As at 1 January 2023 |
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3,040,279 |
| Profit for the year and total comprehensive income | - |
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1,521,342 |
| Dividends paid | - | (800,000) | (800,000) |
| As at 31 December 2023 and 1 January 2024 |
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3,761,621 |
| Profit for the year and total comprehensive income | - |
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1,248,687 |
| Dividends paid | - | (750,000) | (750,000) |
| As at 31 December 2024 |
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4,260,308 |
| Plant & Machinery |
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| Motor Vehicles |
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| Fixtures & Fittings |
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| Computer Equipment |
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| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Grant income |
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| 1,980 | 1,980 | ||
| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Bad debts | 19,610 | (2,123) | |
| Depreciation of tangible fixed assets |
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| Amortisation of intangible fixed assets |
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| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Audit Services | |||
| Audit of the company's financial statements |
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| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| 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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| Directors |
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| Operational |
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| 2024 | 2023 | ||
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| £ | £ | ||
| Other interest receivable | 26,544 | 2,434 | |
| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Finance charges payable under finance leases and hire purchase contracts | 26,480 | 15,643 | |
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The tax charge on the profit for the year was as follows:
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| Tax Rate | 2024 | 2023 | |||
|---|---|---|---|---|---|
| 2024 | 2023 | £ | £ | ||
| Current tax | |||||
| UK Corporation Tax | 25.0% | 23.5% |
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| Deferred Tax | |||||
| Deferred taxation |
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| Origination and reversal of timing differences |
( |
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| (10,369) | 26,560 | ||||
| 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 | 1,586,171 | 2,077,294 | |||
| Tax on profit at 25% (UK standard rate) |
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| Goodwill/depreciation not allowed for tax |
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| Expenses not deductible for tax purposes |
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| Capital allowances |
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( |
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| Short term timing differences |
( |
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| Research and Development tax credit |
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| Total tax charge for the period | 337,484 | 555,952 | |||
| Goodwill | Development Costs | Total | |
|---|---|---|---|
| £ | £ | £ | |
| Cost | |||
| As at 1 January 2024 |
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| As at 31 December 2024 |
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| Amortisation | |||
| As at 1 January 2024 |
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| Provided during the period |
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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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| Plant & Machinery | Motor Vehicles | Fixtures & Fittings | Computer Equipment | Total | |
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| £ | £ | £ | £ | £ | |
| 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 | ||
|---|---|---|---|
| £ | £ | ||
| Motor Vehicles |
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| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Stock |
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| Work in progress |
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| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Due within one year | |||
| Trade debtors |
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| Amounts owed by connected Parties |
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| Other debtors |
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| VAT |
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| Amounts owed by group undertakings |
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| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Trade creditors |
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| Corporation tax |
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| Other taxes and social security |
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| Other creditors |
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| Accruals and deferred income |
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| Amounts owed to connected parties |
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| Amounts owed to group undertakings |
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| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Other creditors |
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| Amounts owed to group undertakings |
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| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Other timing differences | 85,544 | 34,196 | |
| Deferred Tax | Total | |
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| £ | £ | |
| As at 1 January 2024 |
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34,196 |
| Additions |
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51,348 |
| Balance at 31 December 2024 |
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85,544 |
| 2024 | 2023 | ||
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| £ | £ | ||
| Financial assets | |||
| Financial assets measured at fair value through profit and loss | 1,908,531 | 2,078,708 | |
| Financial liabilities | |||
| Financial liabilities measured at fair value through profit and loss | 2,741,893 | 3,150,927 | |
| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| At the end of the period |
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| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| On equity shares: | |||
| Final dividend paid |
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2024
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2023
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Due < 1 year
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Due 2-5 years
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Due <1 year
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Due 2-5 years
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Office
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Printer
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4,000
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4,333
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4,000
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8,333
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