Contents of the Financial Statements

for the Period Ended 31 December 2024

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

Directors' report period ended 31 December 2024

The directors present their report with the financial statements of the company for the period ended 31 December 2024

Directors

The directors shown below have held office during the whole of the period from
1 January 2024 to 31 December 2024

KEVIN DRAYNE
PETER DRAYNE

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
22 August 2025

And signed on behalf of the board by:
Name: KEVIN DRAYNE
Status: Director

Profit And Loss Account

for the Period Ended 31 December 2024

	2024	2023
	£	£
Turnover:	6,596,922	4,693,402
Cost of sales:	( 5,927,326 )	( 4,059,200 )
Gross profit(or loss):	669,596	634,202
Administrative expenses:	( 747,259 )	( 726,092 )
Other operating income:	6,635	1,122
Operating profit(or loss):	(71,028)	(90,768)
Interest payable and similar charges:	( 6,802 )	( 10,409 )
Profit(or loss) before tax:	(77,830)	(101,177)
Tax:	( 18,850 )	13,619
Profit(or loss) for the financial year:	(96,680)	(87,558)

Balance sheet

As at 31 December 2024

	Notes	2024	2023
		£	£
Fixed assets
Tangible assets:	3	848	2,235
Total fixed assets:		848	2,235
Current assets
Debtors:	4	1,917,555	1,530,490
Cash at bank and in hand:		58,382	95,836
Total current assets:		1,975,937	1,626,326
Creditors: amounts falling due within one year:	5	( 3,682,592 )	( 3,276,830 )
Net current assets (liabilities):		(1,706,655)	(1,650,504)
Total assets less current liabilities:		(1,705,807)	( 1,648,269)
Creditors: amounts falling due after more than one year:	6	( 10,437 )	( 20,612 )
Total net assets (liabilities):		(1,716,244)	(1,668,881)
Capital and reserves
Called up share capital:		2,046	2,026
Share premium account:		5,341,157	5,291,177
Profit and loss account:		(7,059,447 )	(6,962,084 )
Total Shareholders' funds:		( 1,716,244 )	(1,668,881)

The notes form part of these financial statements

Balance sheet statements

For the year ending 31 December 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The notes form part of these financial statements

Notes to the Financial Statements

for the Period Ended 31 December 2024

• 1. Accounting policies

  Basis of measurement and preparation

  These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

  Turnover policy

  Revenue is recognized to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

  Tangible fixed assets depreciation policy

  Tangible fixed assets are held under the cost model and are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. Depreciation is charged to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, using the straight-line method.

  Intangible fixed assets amortisation policy

  Research expenditure is written off as incurred. Development expenditure is also written off, except where the directors are satisfied as to the technical, commercial, and financial viability of individual projects. In such cases, the identifiable expenditure is deferred and amortised over the period during which the group is expected to benefit. This period is between three and five years. Provision is made for any impairment.

  Other accounting policies

  The tax expense represents the sum of the tax currently payable and deferred tax. Current tax Current tax, including UK corporation tax and foreign tax, is provided at amounts expected to be paid (or recovered) using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Notes to the Financial Statements

for the Period Ended 31 December 2024

• 2. Employees

  	2024	2023
  Average number of employees during the period	16	17