|
Director
|
Company Secretary
|
|
28th August 2025
|
|
|
|
Director
|
Company Secretary
|
|
|
|
for and on behalf of
|
|
|
|
Chartered Certified Accountants & Stat' Auditors
First Floor, Sterling House, Outrams Wharf,
Little Eaton, Derby
Derbyshire
DE21 5EL
|
| 2024 | 2023 | |||
|---|---|---|---|---|
| Notes | £ | £ | ||
| TURNOVER | 2 |
|
|
|
| Cost of sales |
( |
( |
||
| GROSS PROFIT |
|
|
||
| Administrative expenses |
( |
( |
||
| OPERATING PROFIT | 3 |
|
|
|
| (Loss)/profit on disposal of fixed assets |
( |
|
||
| Other interest receivable and similar income | 8 |
|
|
|
| Interest payable and similar charges | 9 |
( |
( |
|
| PROFIT BEFORE TAXATION |
|
|
||
| Tax on Profit | 10 |
( |
( |
|
| PROFIT AFTER TAXATION BEING PROFIT FOR THE FINANCIAL YEAR |
|
|
||
| 2024 | 2023 | |||
|---|---|---|---|---|
| £ | £ | |||
| Profit for the financial year |
|
|
||
| Other comprehensive income for the year | - | - | ||
| Total comprehensive income for the year |
|
|
||
| 2024 | 2023 | ||||
|---|---|---|---|---|---|
| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Tangible Assets | 12 |
|
|
||
|
|
|
||||
| CURRENT ASSETS | |||||
| Stocks | 13 |
|
|
||
| Debtors | 14 |
|
|
||
| Cash at bank and in hand |
|
|
|||
|
|
|
||||
| Creditors: Amounts Falling Due Within One Year | 15 |
( |
( |
||
| NET CURRENT ASSETS (LIABILITIES) |
|
|
|||
| TOTAL ASSETS LESS CURRENT LIABILITIES |
|
|
|||
| Creditors: Amounts Falling Due After More Than One Year | 16 |
( |
|
||
| PROVISIONS FOR LIABILITIES | |||||
| Deferred Taxation | 18 |
( |
( |
||
| NET ASSETS |
|
|
|||
| CAPITAL AND RESERVES | |||||
| Called up share capital | 20 |
|
|
||
| Profit and Loss Account |
|
|
|||
| SHAREHOLDERS' FUNDS | 5,923,249 | 12,661,989 | |||
|
Director
|
|
|
| Share Capital | Profit and Loss Account | Total | |
|---|---|---|---|
| £ | £ | £ | |
| As at 1 December 2022 |
|
|
9,187,849 |
| Profit for the year and total comprehensive income | - |
|
3,535,640 |
| Dividends paid | - | (61,500) | (61,500) |
| As at 30 November 2023 and 1 December 2023 |
|
|
12,661,989 |
| Profit for the year and total comprehensive income | - |
|
1,542,260 |
| Dividends paid | - | (6,000) | (6,000) |
| Capital contribution to Employee Ownership Trust | - | (8,275,000) | (8,275,000) |
| As at 30 November 2024 |
|
|
5,923,249 |
| 2024 | 2023 | |||
|---|---|---|---|---|
| Notes | £ | £ | ||
| Cash flows from operating activities | ||||
| Net cash generated from operations | 1 |
|
|
|
| Interest paid |
( |
( |
||
| Tax paid |
( |
( |
||
| Net cash generated from operating activities |
|
|
||
| Cash flows from investing activities | ||||
| Purchase of tangible assets |
( |
( |
||
| Proceeds from disposal of tangible assets |
|
|
||
| Interest received |
|
|
||
| Net cash generated from investing activities |
|
|
||
| Cash flows from financing activities | ||||
| Equity dividends paid |
( |
( |
||
| Repayment of finance leases |
|
|
||
| Amount introduced by directors | 486 | - | ||
| Amount withdrawn by directors | - | (353) | ||
| Net cash used in financing activities |
( |
( |
||
| (Decrease)/increase in cash and cash equivalents |
( |
|
||
| Cash and cash equivalents at beginning of year | 2 |
|
|
|
| Cash and cash equivalents at end of year | 2 |
|
|
|
| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Profit for the financial year |
|
|
|
| Adjustments for: | |||
| Tax on profit |
|
|
|
| Interest expense |
|
|
|
| Interest income |
( |
( |
|
| Amortisation of intangible assets | - |
|
|
| Depreciation of tangible assets |
|
|
|
| Loss/(profit) on disposal of tangible assets | 30,739 | (12,764) | |
| Movements in working capital: | |||
| Increase in stocks |
( |
( |
|
| Decrease in trade and other debtors |
|
|
|
| Increase/(decrease) in trade and other creditors |
|
( |
|
| Net cash generated from operations |
|
|
|
| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Cash at bank and in hand |
|
|
|
| As at 1 December 2023 | Cash flows | As at 30 November 2024 | |
|---|---|---|---|
| £ | £ | £ | |
| Cash at bank and in hand |
|
(6,444,169) |
|
| Finance leases | - | (84,144) | (84,144) |
| 10,083,734 | (6,528,313) | 3,555,421 | |
| Freehold |
|
| Plant & Machinery |
|
| Motor Vehicles |
|
| Fixtures & Fittings |
|
| Computer Equipment |
|
| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Rendering of services | 15,553,378 | 22,244,767 | |
| Training grants | - | 52,659 | |
| 15,553,378 | 22,297,426 | ||
| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Bad debts | 10,720 | 4,709 | |
| Depreciation of tangible fixed assets |
|
|
|
| Amortisation of intangible fixed assets | - |
|
|
| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Audit Services | |||
| Audit of the company's financial statements |
|
|
|
| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Wages and salaries |
|
|
|
| Social security costs |
|
|
|
| Other pension costs |
|
|
|
|
|
|
||
| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Emoluments |
|
|
|
|
|
|
||
| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Bank interest receivable |
|
|
|
| Interest received on corporation tax | - | 2,168 | |
| 246,561 | 264,569 | ||
| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Credit interest |
|
|
|
| Finance charges payable under finance leases and hire purchase contracts |
|
|
|
| Other finance charges |
|
|
|
|
|
|
||
| Tax Rate | 2024 | 2023 | |||
|---|---|---|---|---|---|
| 2024 | 2023 | £ | £ | ||
| UK Corporation Tax | 25.0% | 23.0% |
|
|
|
| Total Current Tax Charge |
|
|
|||
| Deferred taxation RT |
( |
|
|||
| Total tax charge for the period |
|
|
|||
| 2024 | 2023 | ||||
| £ | £ | ||||
| Profit before tax | 2,094,084 | 4,623,689 | |||
| Breakdown of tax charge is: | |||||
| Tax on profit at 25% (UK standard rate) |
|
|
|||
| Goodwill/depreciation not allowed for tax |
|
|
|||
| Expenses not deductible for tax purposes |
|
|
|||
| Deferred tax relating to changes in tax rates or laws |
|
|
|||
| Total tax charge for the period | 551,824 | 1,088,049 | |||
| Goodwill | |||
|---|---|---|---|
| £ | |||
| Cost | |||
| As at 1 December 2023 |
|
||
| As at 30 November 2024 |
|
||
| Amortisation | |||
| As at 1 December 2023 |
|
||
| As at 30 November 2024 |
|
||
| Net Book Value | |||
| As at 30 November 2024 |
|
||
| As at 1 December 2023 |
|
||
| Land & Property | ||||
|---|---|---|---|---|
| Freehold | Plant & Machinery | Motor Vehicles | Fixtures & Fittings | |
| £ | £ | £ | £ | |
| Cost | ||||
| As at 1 December 2023 |
|
|
|
|
| Additions |
|
|
|
|
| Disposals |
|
( |
|
( |
| As at 30 November 2024 |
|
|
|
|
| Depreciation | ||||
| As at 1 December 2023 |
|
|
|
|
| Provided during the period |
|
|
|
|
| Disposals |
|
( |
|
( |
| As at 30 November 2024 |
|
|
|
|
| Net Book Value | ||||
| As at 30 November 2024 |
|
|
|
|
| As at 1 December 2023 |
|
|
|
|
| Computer Equipment | Total | |
|---|---|---|
| £ | £ | |
| Cost | ||
| As at 1 December 2023 |
|
|
| Additions |
|
|
| Disposals |
( |
( |
| As at 30 November 2024 |
|
|
| Depreciation | ||
| As at 1 December 2023 |
|
|
| Provided during the period |
|
|
| Disposals |
( |
( |
| As at 30 November 2024 |
|
|
| Net Book Value | ||
| As at 30 November 2024 |
|
|
| As at 1 December 2023 |
|
|
| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Motor Vehicles |
|
|
|
|
|
|
||
| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Stock |
|
|
|
| Work in progress |
|
|
|
|
|
|
||
| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Due within one year | |||
| Trade debtors |
|
|
|
| Amounts recoverable on contracts |
|
|
|
| Prepayments and accrued income |
|
|
|
| Other debtors |
|
|
|
| VAT |
|
|
|
|
|
|
||
| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Net obligations under finance lease and hire purchase contracts |
|
|
|
| Trade creditors |
|
|
|
| Payments on account |
|
|
|
| Other creditors | 122,880 | 17,237 | |
| Corporation tax |
|
|
|
| Taxation and social security | 40,386 | 47,900 | |
| Accruals and deferred income | 920,937 | 885,468 | |
|
|
|
||
| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Net obligations under finance lease and hire purchase contracts |
|
|
|
|
|
|
||
| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| The maturity of these amounts is as follows: | |||
| Within one year |
|
|
|
| Between one and five years |
|
|
|
|
|
|
||
| Less: Finance charges allocated to future periods |
|
|
|
|
|
|
||
| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Accelerated capital allowances |
|
|
|
| Deferred Tax | ||
|---|---|---|
| £ | ||
| As at 1 December 2023 |
|
|
| Utilised |
( |
|
| Balance at 30 November 2024 |
|
|
| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Financial assets | |||
| Financial assets that are debt Instruments measured at amortised cost | 7,555,320 | 14,506,101 | |
| Financial liabilities | |||
| Financial liabilities measured at amortised cost | 2,311,296 | 1,943,356 | |
| Land and buildings | ||
|---|---|---|
| 2024 | 2023 | |
| £ | £ | |
| Within 1 year | 66,251 | 62,643 |
| Between 1 and 5 years | 185,341 | 232,125 |
| 251,592 | 294,768 | |
| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| On equity shares: | |||
| Interim dividend paid |
|
|
|
| Final dividend paid | - |
|
|
| 6,000 | 61,500 | ||