| Directors |
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| Company Number |
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| Registered Office | C/O Elco Accounting |
| 24 Church Street | |
| Rickmansworth | |
| Hertfordshire | |
| WD3 1DD | |
| Accountants | Elco Accounting Limited |
| 24 Church Street | |
| Rickmansworth | |
| Hertfordshire | |
| WD3 1DD | |
| Auditors |
|
| Fawley House | |
| 2 Regatta Place, Marlow Road | |
| Bourne End | |
| Buckinghamshire | |
| SL8 5TD | |
|
2024
|
2023
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Consolidated figures
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£
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£
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Turnover
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13,822,261
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11,684,057
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|
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Gross profit
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8,333,250
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5,756,437
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|
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Profit/(loss) before tax
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5,390,944
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3,273,888
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Shareholder funds
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16,082,901
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12,198,814
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Director
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28/08/2025
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Director
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for and on behalf of
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Fawley House
2 Regatta Place, Marlow Road
Bourne End
Buckinghamshire
SL8 5TD
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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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| Distribution costs |
( |
( |
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| Administrative expenses |
( |
( |
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| Other operating income |
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| OPERATING PROFIT | 4 |
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| Other interest receivable and similar income | 9 |
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| PROFIT BEFORE TAXATION |
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| Tax on Profit | 10 |
( |
( |
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| PROFIT AFTER TAXATION BEING PROFIT FOR THE FINANCIAL YEAR |
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| Profit attributable to: | ||||
| Owners of the parent | 3,863,161 | 3,025,470 | ||
| Non-controlling interest | 22,426 | (10,092) | ||
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| 2024 | 2023 | ||||
|---|---|---|---|---|---|
| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Tangible Assets | 11 |
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| CURRENT ASSETS | |||||
| Stocks | 13 |
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| Debtors | 14 |
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| Cash at bank and in hand |
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| Creditors: Amounts Falling Due Within One Year | 15 |
( |
( |
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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 | 16 |
( |
( |
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| NET ASSETS |
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| CAPITAL AND RESERVES | |||||
| Called up share capital | 18 |
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| Profit and Loss Account |
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|||
| Equity attributable to owners of the parent | 16,087,443 | 12,225,782 | |||
| Non-controlling interest |
( |
( |
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| TOTAL EQUITY | 16,082,901 | 12,198,814 | |||
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Director
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| 2024 | 2023 | ||||
|---|---|---|---|---|---|
| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Tangible Assets | 11 |
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| Investments | 12 |
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| CURRENT ASSETS | |||||
| Debtors | 14 |
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| Cash at bank and in hand |
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| Creditors: Amounts Falling Due Within One Year | 15 |
( |
( |
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| NET CURRENT ASSETS (LIABILITIES) |
( |
( |
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| TOTAL ASSETS LESS CURRENT LIABILITIES |
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| NET ASSETS |
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| CAPITAL AND RESERVES | |||||
| Called up share capital | 18 |
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| Profit and Loss Account |
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| SHAREHOLDERS' FUNDS | 2,746,921 | 2,078,227 | |||
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Director
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| Share Capital | Profit and Loss Account | Total Attributable to Parent | Non-controlling interest | Total | |
|---|---|---|---|---|---|
| £ | £ | £ | £ | £ | |
| As at 1 December 2022 |
|
|
|
( |
9,186,436 |
| Profit for the year and total comprehensive income | - |
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|
( |
3,015,378 |
| Dividends paid | - | (3,000) | (3,000) |
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(3,000) |
| As at 30 November 2023 and 1 December 2023 |
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|
( |
12,198,814 |
| Profit for the year and total comprehensive income | - |
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3,885,587 |
| Dividends paid | - | (1,500) | (1,500) |
|
(1,500) |
| As at 30 November 2024 |
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|
( |
16,082,901 |
| Share Capital | Other reserves | Profit and Loss Account | Total | |
|---|---|---|---|---|
| £ | £ | £ | £ | |
| As at 1 December 2022 |
|
|
|
30 |
| Profit for the year and total comprehensive income | - | - |
|
2,081,197 |
| Dividends paid | - | - | (3,000) | (3,000) |
| As at 30 November 2023 and 1 December 2023 |
|
|
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2,078,227 |
| Profit for the year and total comprehensive income | - | - |
|
670,194 |
| Dividends paid | - | - | (1,500) | (1,500) |
| As at 30 November 2024 |
|
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2,746,921 |
| 2024 | 2023 | |||
|---|---|---|---|---|
| Notes | £ | £ | ||
| Cash flows from operating activities | ||||
| Net cash generated from operations | 1 |
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| Tax 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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( |
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| Interest received |
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| Net cash used in investing activities |
( |
( |
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| Cash flows from financing activities | ||||
| Equity dividends paid |
( |
( |
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| Amount introduced by directors | - | 1,853,870 | ||
| Amount withdrawn by directors | (922,984) | (10,408) | ||
| Net cash (used in)/generated from 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 | ||
|---|---|---|---|
| £ | £ | ||
| Profit for the financial year |
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| Adjustments for: | |||
| Tax on profit |
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| Interest income |
( |
( |
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| Depreciation of tangible assets |
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| Foreign exchange losses | - | 71 | |
| Movements in working capital: | |||
| (Increase)/decrease in stocks |
( |
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| Increase in trade and other debtors |
( |
( |
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| Increase/(decrease) 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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| As at 1 December 2023 | Cash flows | As at 30 November 2024 | |
|---|---|---|---|
| £ | £ | £ | |
| Cash at bank and in hand |
|
1,066,644 |
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| Freehold |
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| Plant & Machinery |
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| Fixtures & Fittings |
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| Computer Equipment |
|
| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Rental income |
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| Other operating income | - |
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| 1,800 | 646,955 | ||
| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Bad debts | 52,329 | 109,312 | |
| Depreciation of tangible 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 | ||
|---|---|---|---|
| £ | £ | ||
| Emoluments |
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| Company contributions to money purchase pension schemes |
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| 2024 | 2023 | ||
|---|---|---|---|
| Money purchase pension schemes |
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| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Emoluments |
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| Company contributions to money purchase pension schemes |
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| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Bank interest receivable |
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| HMRC interest receivable | 1,155 | 13,362 | |
| 69,064 | 16,803 | ||
|
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% | 23.0% |
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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 | 5,390,944 | 3,273,888 | |||
| 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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| Tax losses utilised |
( |
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| Capital allowances |
( |
( |
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| Research and Development tax credit |
( |
( |
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| Difference in tax rates |
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( |
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| Transfer pricing adjustments |
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| Revenue exempt from taxation |
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( |
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| Total tax charge for the period | 1,505,357 | 258,510 | |||
| Land & Property | |||||
|---|---|---|---|---|---|
| Freehold | Plant & Machinery | Fixtures & Fittings | Computer Equipment | Total | |
| £ | £ | £ | £ | £ | |
| Cost | |||||
| As at 1 December 2023 |
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| Additions |
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| Disposals |
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( |
( |
( |
( |
| As at 30 November 2024 |
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| Depreciation | |||||
| As at 1 December 2023 |
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| Provided during the period |
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| Disposals |
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( |
( |
( |
( |
| As at 30 November 2024 |
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| Net Book Value | |||||
| As at 30 November 2024 |
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| As at 1 December 2023 |
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| Land & Property | |
|---|---|
| Freehold | |
| £ | |
| Cost | |
| As at 1 December 2023 |
|
| As at 30 November 2024 |
|
| Depreciation | |
| As at 1 December 2023 |
|
| Provided during the period |
|
| As at 30 November 2024 |
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| Net Book Value | |
| As at 30 November 2024 |
|
| As at 1 December 2023 |
|
| Unlisted | |
|---|---|
| £ | |
| Cost | |
| As at 1 December 2023 |
|
| As at 30 November 2024 |
|
| Provision | |
| As at 1 December 2023 |
|
| As at 30 November 2024 |
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| Net Book Value | |
| As at 30 November 2024 |
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| As at 1 December 2023 |
|
| Name of undertaking | Registered Office | Class of shares held | Direct holding | Indirect holding |
|---|---|---|---|---|
|
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24 Church Street, Rickmansworth, WD3 1DD |
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- |
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24 Church Street, Rickmansworth, WD3 1DD |
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- |
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24 Church Street, Rickmansworth, WD3 1DD |
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- |
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Subsidiary
|
Principal activity
|
|
Track Components Limited
|
General mechinical engineering
|
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Track Medical Limited
|
Medical component manufacture
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Arcadia Desiccant Technology Limited
|
Supply of components
|
| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Stock |
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| Group | Company | ||||||
|---|---|---|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | ||||
| £ | £ | £ | £ | ||||
| Due within one year | |||||||
| Trade debtors |
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| Other debtors | 478,003 | 558,484 | 196,737 | - | |||
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| Group | Company | ||||||
|---|---|---|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | ||||
| £ | £ | £ | £ | ||||
| Trade creditors |
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| Amounts owed to group undertakings | - | - |
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| Other creditors | 1,084,379 | 1,860,986 | 1,074,703 | 1,850,595 | |||
| Corporation tax |
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| Taxation and social security | 433,019 | 94,366 | - | - | |||
| Accruals and deferred income | 35,775 | 75,686 | 7,400 | 4,400 | |||
|
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| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Other timing differences | 339,524 | 214,592 | |
| Group | ||
|---|---|---|
| Deferred Tax | Total | |
| £ | £ | |
| As at 1 December 2023 |
|
214,592 |
| Additions |
|
124,932 |
| Balance at 30 November 2024 |
|
339,524 |
| Group | Company | ||||||
|---|---|---|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | ||||
| £ | £ | £ | £ | ||||
| Financial assets | |||||||
| Financial assets measured at fair value through profit and loss | 12,527,042 | 9,534,730 | 148,947 | 10 | |||
| Financial liabilities | |||||||
| Financial liabilities measured at fair value through profit and loss | 2,089,208 | 3,147,872 | 1,213,755 | 1,854,995 | |||
| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| At the end of the period |
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| As at 1 December 2023 | Amounts advanced | Amounts repaid | Amounts written off | As at 30 November 2024 | |
|---|---|---|---|---|---|
| £ | £ | £ | £ | £ | |
| Mr Joseph Purchase |
( |
|
|
- |
|
| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| On equity shares: | |||
| Interim dividend paid |
|
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|