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Registered number: 07308148
Atlantic Pacific Marine Limited
Strategic Report, Directors' Report and
Financial Statements
For The Year Ended 5 April 2025
Contents
Page
Strategic Report 1
Directors' Report 2—3
Independent Auditor's Report 4—6
Profit and Loss Account 7
Balance Sheet 8
Statement of Changes in Equity 9
Statement of Cash Flows 10
Notes to the Statement of Cash Flows 11
Notes to the Financial Statements 12—17
Page 1
Strategic Report
The directors present their strategic report for the year ended 5 April 2025.
Review of the Business
The results for the year and financial position at the end of the year are shown in these financial statements.
Revenue in 2025 financial year has increased when comparing with 2024. This increase has been due enquiries coming through at the end of 2024 or specialist projects coming to fruition. The business will continue to develop its global presence within the marine engineering industry. 
In 2024 the business was audited and re-awarded the Quality Management System ISO 9001:2015, Environmental Management System 14001:2015 and Health and Safety Management System ISO 45001:2018. The ISO accreditations underpin many of the daily activities of the business and is an integral part of the culture and mission statement of the board and senior management team.
The business has a commitment to provide a quality service to all customers. The Company also highlighted the collection of customer feedback as one of its key performance indicators in 2025. Further initiatives to ensure quality of service will continue into 2026. 
Sustainability is one of the core values of the business and in 2025 one of the company objectives was to implement green initiatives in the Southampton and Miami offices. This was achieved using various different projects. The Cardiff office have also made the necessary changes to the waste management system in order to comply with the new Workplace Recycling regulations in Wales.  
The company treats health and safety with the upmost importance and is closely monitored by the senior management team as a key performance indicator. In 2025 one of the board’s objectives was to ensure all health and safety site files were returned fully completed and to ensure that there were no near misses, something management achieved in 2025. 
Key performance indicators
KPI
Unit
2025
2024
Turnover
£'000
13,906
10,641
Gross profit
£'000
1,893
192
Gross margin
%
13.6
1.8
Principal Risks and Uncertainties
The Directors regularly review the company’s exposure to Risk. This forms part of the ISO 9001:2015 and ISO. 
Due to the international nature of the company there is an exchange rate risk. The Company tries to mitigate this risk by using an external specialist when making international payments in order to obtain the best market rates. 
Furthermore, the Directors and Senior Management Team have an ongoing commitment to monitoring external factors to ensure the business reacts to changes in the market place or regulatory requirements whilst continuing to deliver a quality service, at a competitive price, to its valued customers. 
Financial Instruments
The company has exposure to a variety of financial risks which are managed with purpose of minimising any potential adverse affect on the company's performance. The directors have policies for managing each of these these risks.
On behalf of the board
Mr L K Bishop
Director
29 August 2025
Page 1
Page 2
Directors' Report
The directors present their report and the financial statements for the year ended 5 April 2025.
Principal Activity
The company's principal activity continues to be that of shipping engineering and repair works.
Directors
The directors who held office during the year were as follows:
Mr L K Bishop
Mr A Callow
Mr P Rodrigues
Matters covered in the Strategic Report
Disclosures required under s416(4) of the Companies Act 2006 are commented upon in the Strategic Report as the directors consider them to be of strategic importance to the business.
Statement of Directors' Responsibilities
The directors are responsible for preparing the Strategic Report, the Directors' Report and the financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards, comprising FRS102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing the financial statements the directors are required to:
  • select suitable accounting policies and then apply them consistently;
  • make judgments and accounting estimates that are reasonable and prudent;
  • state whether applicable United Kingdom Accounting Standards, comprising FRS102, have been followed subject to any material departures disclosed and explained in the financial statements;
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Statement of Disclosure of Information to Auditors
In the case of each director in office at the date the Directors' Report is approved:
  • so far as the director is aware, there is no relevant audit information of which the company's auditors are unaware; and
  • they have taken all the steps that they ought to have taken as directors in order to make themselves aware of any relevant audit information and to establish that the company's auditors are aware of that information.
Page 2
Page 3
Independent Auditors
The auditors, HSJ Audit Limited, have indicated their willingness to continue in office and a resolution concerning their re-appointment will be proposed at the Annual General Meeting.
On behalf of the board
Mr L K Bishop
Director
29 August 2025
Page 3
Page 4
Independent Auditor's Report
Opinion
We have audited the financial statements of Atlantic Pacific Marine Limited for the year ended 5 April 2025 which comprise the Profit and Loss Account, Balance Sheet, Statement of Changes of Equity, Cash Flow Statement and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".
In our opinion the financial statements:
  • give a true and fair view of the state of the company's affairs as at 5 April 2025 and of its profit/(loss) for the year then ended;
  • have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
  • have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for Opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions Relating to Going Concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the entity's ability to continue as a going concern for a period of at least 12 months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.
Other Information
The other information comprises the information included in the annual report, other than the financial statements and our auditor's report thereon. The directors are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
Opinions on Other Matters Prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
  • the information given in the Strategic Report and Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
  • the Strategic Report and Directors' Report have been prepared in accordance with applicable legal requirements.
Page 4
Page 5
Matters on Which We Are Required to Report by Exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Directors' Report.
We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:
  • adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
  • the financial statements are not in agreement with the accounting records or returns; or
  • certain disclosures of directors' remuneration specified by law are not made; or
  • we have not received all the information and explanations we require for our audit.
Responsibilities of Directors
As explained more fully in the Directors' Responsibilities Statement set out on page 2—3, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.
Auditor's Responsibilities for the Audit of the Financial Statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
We obtain and update our understanding of the entity, its activities, its control environment, and likely future developments, including in relation to the legal and regulatory framework applicable and how the entity is complying with that framework.  
We communicated identified fraud risks throughout the engagement team and remained alert throughout the engagement process for any indications of fraud.  
As required by the auditing standards, we identify and assess the risk of material misstatement of financial statements, whether due to fraud or error, in particular revenue recognition and management override of control. We design and perform audit procedures responsive to those risks and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. This includes consideration of the risk of acts by the entity that were contrary to applicable laws and regulations, including fraud. 
The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: 
  • Enquiry of management and those charged with governance around actual and potential litigation and claims as well as actual, suspected and alleged fraud; 
  • Assessing the extent of compliance with the laws and regulations considered to have a direct material effect on the financial statements or the operations of the entity through enquiry and inspection; 
  • Reviewing financial statement disclosures and testing supporting documentation to assess compliance with applicable laws and regulations; 
  • Identifying journal entries and other adjustments to test based on risk criteria and comparing the identified entries to supporting documentation. These included those posted to unusual account combinations; 
  • Assessing whether revenue has been accounted for in the correct period and the existence of revenue at the cut off date based on the adopted accounting policy for revenue.  
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulations. This risk increases the more than compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk of not detecting a material misstatement resulting from fraud is higher than for one result from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of an internal control. 
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.
Page 5
Page 6
Use Of Our Report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters that we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.
Alex Finch FCCA (Senior Statutory Auditor)
for and on behalf of HSJ Audit Limited , Statutory Auditor
29 August 2025
HSJ Audit Limited
Severn House
Hazell Drive
Newport
NP10 8FY
Page 6
Page 7
Profit and Loss Account
2025 2024
Notes £ £
TURNOVER 3 13,906,501 10,640,781
Cost of sales (12,012,993 ) (10,448,843 )
GROSS PROFIT 1,893,508 191,938
Administrative expenses (1,285,093 ) (1,122,620 )
OPERATING PROFIT/(LOSS) 4 608,415 (930,682 )
Other interest receivable and similar income 9 3,989 -
Interest payable and similar charges 10 (23,350 ) (420 )
PROFIT/(LOSS) BEFORE TAXATION 589,054 (931,102 )
Tax on Profit/(loss) 11 (165,320 ) 182,173
PROFIT/(LOSS) AFTER TAXATION BEING PROFIT/(LOSS) FOR THE FINANCIAL YEAR 423,734 (748,929 )
The notes on pages 11 to 17 form part of these financial statements.
Page 7
Page 8
Balance Sheet
Registered number: 07308148
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 12 1,016,788 1,005,005
1,016,788 1,005,005
CURRENT ASSETS
Stocks 13 822,504 517,428
Debtors 14 5,005,912 2,904,367
Cash at bank and in hand 67,065 17,800
5,895,481 3,439,595
Creditors: Amounts Falling Due Within One Year 15 (4,228,862 ) (2,191,869 )
NET CURRENT ASSETS (LIABILITIES) 1,666,619 1,247,726
TOTAL ASSETS LESS CURRENT LIABILITIES 2,683,407 2,252,731
Creditors: Amounts Falling Due After More Than One Year 16 (185,000 ) (185,000 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 18 (78,006 ) (71,064 )
NET ASSETS 2,420,401 1,996,667
CAPITAL AND RESERVES
Called up share capital 20 6 6
Profit and Loss Account 2,420,395 1,996,661
SHAREHOLDERS' FUNDS 2,420,401 1,996,667
On behalf of the board
Mr L K Bishop
Director
30 June 2025
The notes on pages 11 to 17 form part of these financial statements.
Page 8
Page 9
Statement of Changes in Equity
Share Capital Profit and Loss Account Total
£ £ £
As at 1 April 2023 6 3,080,090 3,080,096
Loss for the year and total comprehensive income - (748,929 ) (748,929)
Dividends paid - (334,500) (334,500)
As at 31 March 2024 and 1 April 2024 6 1,996,661 1,996,667
Profit for the year and total comprehensive income - 423,734 423,734
As at 5 April 2025 6 2,420,395 2,420,401
Page 9
Page 10
Statement of Cash Flows
2025 2024
Notes £ £
Cash flows from operating activities
Net cash (used in)/generated from operations 1 (72,356 ) 372,907
Interest paid (23,350 ) (420 )
Tax refunded/(paid) 168,799 (182,730 )
Net cash generated from operating activities 73,093 189,757
Cash flows from investing activities
Purchase of tangible assets (98,916 ) (53,945 )
Interest received 3,989 -
Net cash used in investing activities (94,927 ) (53,945 )
Cash flows from financing activities
Equity dividends paid - (334,500 )
Proceeds from new bank borrowings 21,099 -
Amount introduced by directors 50,000 61,516
Net cash generated from/(used in) financing activities 71,099 (272,984 )
Increase/(decrease) in cash and cash equivalents 49,265 (137,172 )
Cash and cash equivalents at beginning of year 2 17,800 154,972
Cash and cash equivalents at end of year 2 67,065 17,800
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Notes to the Statement of Cash Flows
1. Reconciliation of profit/(loss) for the financial year to cash (used in)/generated from operations
2025 2024
£ £
Profit/(loss) for the financial year 423,734 (748,929 )
Adjustments for:
Tax on profit/(loss) 165,320 (182,173 )
Interest expense 23,350 420
Interest income (3,989 ) -
Depreciation of tangible assets 87,133 93,361
Movements in working capital:
Increase in stocks (305,076 ) (32,726 )
(Increase)/decrease in trade and other debtors (2,270,061 ) 2,219,397
Increase/(decrease) in trade and other creditors 1,807,233 (976,443 )
Net cash (used in)/generated from operations (72,356 ) 372,907
2. Cash and cash equivalents
Cash and cash equivalents, as stated in the Statement of Cash Flows, relates to the following items in the Balance Sheet:
2025 2024
£ £
Cash at bank and in hand 67,065 17,800
3. Analysis of changes in net debt
As at 1 April 2024 Cash flows As at 5 April 2025
£ £ £
Cash at bank and in hand 17,800 49,265 67,065
Debts falling due within one year - (21,099) (21,099 )
Debts falling due after more than one year (185,000) - (185,000)
(167,200) 28,166 (139,034)
Page 11
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Notes to the Financial Statements
1. General Information
Atlantic Pacific Marine Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07308148 . The registered office is Unit 2 Rhymney River Bridge Road, Cardiff, CF23 9AF.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the Companies Act 2006.
2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold Not depreciated
Leasehold 20% Straight line
Plant & Machinery 25% Reducing balance
Motor Vehicles 25% Reducing balance
Fixtures & Fittings 25% Reducing balance
Computer Equipment 25% Reducing balance
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks.
Cost is determined using the first-in, first-out method. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Work in progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
At the end of each reporting period stocks are assessed for impairment. If an item of stock is impaired, the identified stock is reduced to its selling price less costs to complete and sell and an impairment charge is recognised in the profit and loss account. Where a reversal of the impairment is required the impairment charge is reversed, up to the original impairment loss, and is recognised as a credit in the profit and loss account.
2.6. Cash and Cash Equivalents
Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.
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2.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Turnover
Analysis of turnover by class of business is as follows:
2025 2024
£ £
Sale of goods 13,906,501 10,640,781
4. Operating Profit/(loss)
The operating profit/(loss) is stated after charging:
2025 2024
£ £
Depreciation of tangible fixed assets 87,133 93,361
5. Auditor's Remuneration
Remuneration received by the company's auditors and their associates during the year was as follows:
2025 2024
£ £
Audit Services
Audit of the company's financial statements 2,938 2,625
6. Staff Costs
Staff costs, including directors' remuneration, were as follows:
2025 2024
£ £
Wages and salaries 1,443,938 1,656,586
Other pension costs 33,147 37,185
1,477,085 1,693,771
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7. Average Number of Employees
Average number of employees, including directors, during the year was as follows:
2025 2024
Office and administration 8 8
Sales, marketing and distribution 17 19
Manufacturing 3 3
28 30
8. Directors' remuneration
2025 2024
£ £
Emoluments 80,255 111,444
9. Interest Receivable and Similar Income
2025 2024
£ £
Other interest receivable 3,989 -
10. Interest Payable and Similar Charges
2025 2024
£ £
Bank loans and overdrafts 23,350 420
11. Tax on Profit
The tax charge/(credit) on the profit/(loss) for the year was as follows:
Tax Rate 2025 2024
2025 2024 £ £
Current tax
UK Corporation Tax 25.0% 19.0% 158,661 (168,516 )
Prior period adjustment (283 ) -
158,378 (168,516 )
Deferred Tax
Deferred taxation 6,942 -
Origination and reversal of timing differences - (13,657 )
6,942 (13,657)
Total tax charge for the period 165,320 (182,173 )
The actual charge/(credit) for the year can be reconciled to the expected charge/(credit) for the year based on the profit/(loss) and the standard rate of corporation tax as follows:
2025 2024
£ £
Profit before tax 589,054 (931,102)
Tax on profit at 25% (UK standard rate) 147,262 (176,909 )
...CONTINUED
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Goodwill/depreciation not allowed for tax 21,783 17,511
Expenses not deductible for tax purposes 15,255 713
Capital allowances (25,639 ) (9,831 )
Prior period adjustment (283 ) -
Deferred tax relating to changes in tax rates or laws 6,942 (13,657 )
Total tax charge for the period 165,320 (182,173)
12. Tangible Assets
Land & Property
Freehold Leasehold Plant & Machinery Motor Vehicles
£ £ £ £
Cost
As at 1 April 2024 698,894 264,155 311,826 85,953
Additions - - 81,274 15,956
As at 5 April 2025 698,894 264,155 393,100 101,909
Depreciation
As at 1 April 2024 - 95,840 218,529 69,163
Provided during the period - 48,516 26,632 4,863
As at 5 April 2025 - 144,356 245,161 74,026
Net Book Value
As at 5 April 2025 698,894 119,799 147,939 27,883
As at 1 April 2024 698,894 168,315 93,297 16,790
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 April 2024 109,862 52,067 1,522,757
Additions - 1,686 98,916
As at 5 April 2025 109,862 53,753 1,621,673
Depreciation
As at 1 April 2024 93,597 40,623 517,752
Provided during the period 4,066 3,056 87,133
As at 5 April 2025 97,663 43,679 604,885
Net Book Value
As at 5 April 2025 12,199 10,074 1,016,788
As at 1 April 2024 16,265 11,444 1,005,005
13. Stocks
2025 2024
£ £
Stock 187,500 187,500
Work in progress 635,004 329,928
822,504 517,428
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14. Debtors
2025 2024
£ £
Due within one year
Trade debtors 4,772,496 2,650,524
Other debtors 233,416 253,843
5,005,912 2,904,367
15. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 2,132,182 1,216,431
Bank loans and overdrafts 21,099 -
Other creditors 1,645,054 914,022
Corporation tax 158,661 -
Taxation and social security 50,059 53,416
Accruals and deferred income 221,807 8,000
4,228,862 2,191,869
16. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 185,000 185,000
17. Loans
An analysis of the maturity of loans is given below:
2025 2024
£ £
Amounts falling due within one year or on demand:
Bank loans 21,099 -
2025 2024
£ £
Amounts falling due between one and five years:
Bank loans 185,000 185,000
18. Deferred Taxation
The provision for deferred tax is made up as follows:
2025 2024
£ £
Other timing differences 78,006 71,064
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19. Provisions for Liabilities
Deferred Tax Total
£ £
As at 1 April 2024 71,064 71,064
Additions 6,942 6,942
Balance at 5 April 2025 78,006 78,006
20. Share Capital
2025 2024
Allotted, called up and fully paid £ £
6 Ordinary Shares of £ 1.00 each 6 6
21. Pension Commitments
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund.
During the year the charge to the profit and loss account in respect of defined contribution schemes was £33,147 (2024: £37,185).
At the balance sheet date contributions of £NIL were due to the fund and are included in creditors.
22. Dividends
2025 2024
£ £
On equity shares:
Interim dividend paid - 334,500
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