| Page | |
|---|---|
| Balance Sheet | 1 |
| Notes to the Financial Statements | 2—7 |
| 2024 | 2023 | ||||
|---|---|---|---|---|---|
| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Tangible Assets | 4 |
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| CURRENT ASSETS | |||||
| Debtors | 5 |
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| Cash at bank and in hand |
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| Creditors: Amounts Falling Due Within One Year | 6 |
( |
( |
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| NET CURRENT ASSETS (LIABILITIES) |
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| TOTAL ASSETS LESS CURRENT LIABILITIES |
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| PROVISIONS FOR LIABILITIES | |||||
| Deferred Taxation |
( |
( |
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| NET ASSETS |
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| CAPITAL AND RESERVES | |||||
| Called up share capital | 8 |
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| Profit and Loss Account |
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| SHAREHOLDERS' FUNDS | 1,149,569 | 833,501 | |||
|
Director
|
Director
|
|
|
| Leasehold |
|
| Plant & Machinery |
|
| Land & Property | |||
|---|---|---|---|
| Leasehold | Plant & Machinery | Total | |
| £ | £ | £ | |
| Cost | |||
| As at 1 January 2024 |
|
|
|
| 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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| 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 | |||
| Other debtors |
|
|
|
| Deferred tax current asset | 354 | - | |
|
|
|
||
| Due after more than one year | |||
| Defined benefit pension fund surplus | 1,363,733 | 896,539 | |
|
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| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Trade creditors |
|
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| Other taxes and social security |
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| Other creditors |
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| Deferred Tax | Total | |
|---|---|---|
| £ | £ | |
| As at 1 January 2024 |
|
224,032 |
| Additions |
|
116,547 |
| Balance at 31 December 2024 |
|
340,579 |
|
2024
|
|
|
£
|
|
|
Deferred tax on fixed asset
|
(354)
|
|
Deferred tax on pension scheme
|
340,933
|
|
|
|
|
340,579
|
| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Not later than one year |
|
|
|
| Later than one year and not later than five years |
|
|
|
| Later than five years | - |
|
|
|
|
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||
|
2024
|
2023
|
|
|
£
|
£
|
|
|
Sales
|
420,000
|
420,000
|
|
Other income
|
200,000
|
-
|
|
2024
£
|
2023
£
|
|
|
Defined contribution scheme
|
||
|
Charge to profit and loss in respect of defined contribution scheme
|
15,371
|
14,983
|
|
2024
|
2023
|
|
|
% pa
|
% pa
|
|
|
Financial
|
||
|
Discount rate
|
5.65
|
4.65
|
|
RPI inflation
|
3.05
|
3.05
|
|
Pensionable salary growth
|
3.60
|
3.55
|
|
Pension increases in payment
|
2.80
|
2.80
|
|
2024
|
2023
|
|
|
years
|
years
|
|
|
Mortality
|
||
|
Life expectancy (current age 60)
|
||
|
-males
|
85.8
|
86.0
|
|
-females
|
88.6
|
88.7
|
|
Life expectancy (current age 40)
|
||
|
-males
|
87.4
|
87.5
|
|
-females
|
90.1
|
90.2
|
|
2024
|
2023
|
|
|
£
|
£
|
|
|
Total market value of assets
|
2,288,733
|
1,893,539
|
|
Present value of scheme liabilities
|
925,000
|
997,000
|
|
Surplus in the scheme
|
1,363,733
|
896,539
|
|
Related deferred tax
|
(340,933)
|
(224,134)
|
|
Net pension surplus
|
1,022,800
|
672,405
|
|
2024
|
2023
|
|
|
£
|
£
|
|
|
Surplus brought forward
|
896,539
|
859,663
|
|
Total operating charge
|
9,000
|
2,000
|
|
Actuarial gain/(loss)
|
268,000
|
(153,000)
|
|
Contributions
|
190,194
|
187,876
|
|
Surplus carried forward
|
1,363,733
|
896,539
|
|
2024
|
2023
|
|
|
£ 000
|
£ 000
|
|
|
Opening defined benefit obligation
|
997
|
960
|
|
Current service cost
|
34
|
35
|
|
Interest expense
|
47
|
43
|
|
Actuarial (gain)/loss
|
(153)
|
31
|
|
Benefits paid
|
-
|
(72)
|
|
Closing defined benefit obligation
|
925
|
997
|
|
Changes in the fair value of plan assets are as follows:
|
||
|
2024
|
2023
|
|
|
£ 000
|
£ 000
|
|
|
Opening fair value of plan assets
|
1,894
|
1,820
|
|
Interest income
|
92
|
85
|
|
Contributions by employer
|
190
|
188
|
|
Return on scheme assets, excluding amounts included in interest expense or income
|
115
|
(122)
|
|
Administration fee paid from scheme assets
|
(2)
|
(5)
|
|
Benefits paid
|
-
|
(72)
|
|
Closing fair value of plan assets
|
2,289
|
1,894
|
|
2024
|
2023
|
|
|
%
|
%
|
|
|
Unitised with-profits policy
|
100%
|
100%
|
|
2024
|
2023
|
|
|
£ 000
|
£ 000
|
|
|
Current service cost
|
34
|
35
|
|
Interest expense
|
47
|
43
|
|
Interest income
|
(92)
|
(85)
|
|
Scheme administration expenses
|
2
|
5
|
|
Total recognised in profit and loss
|
(9)
|
(2)
|
|
2024
|
2023
|
|
|
£ 000
|
£ 000
|
|
|
Return on scheme assets, excluding amounts included in interest expense / income
|
115
|
(122)
|
|
Remeasurement gain/(losses) on the defined benefit obligation
|
153
|
(31)
|
|
Remeasurement gain/(losses) recognised in other comprehensive income
|
268
|
(153)
|
|
Victoria House
26 Queen Victoria Street
Reading
RG1 1TG
|