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(1) General Information
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| The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is Raw Family Design, Unit A9, Ledston Luck Enterprise Park, Leeds, LS25 7BF. |
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(2) Statement of compliance
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| These individual financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A and Companies Act 2006, as applicable to companies subject to the small companies' regime. |
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(3) Significant Accounting Policies
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Basis of Preparation
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| The financial statements have been prepared on the historical cost basis and in accordance with the Companies Act 2006. The presentation and functional currency of the company is pounds sterling. The financial statements are presented in pound units (£) unless stated otherwise. |
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Revenue recognition
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| Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. The company recognises revenue when the amount of revenue can be measured reliably, when it is probable that future economic benefits will flow to the entity and when specific criteria have been met as described below. |
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Sale of goods
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| Sales of goods are recognised when the company has delivered the goods to the customer, no other significant obligation remains unfulfilled that may affect the customer's acceptance of the products and risks and rewards of ownership have transferred to them. |
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Rendering of Services
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| Revenue from provision of services rendered in the reporting period is recognised when the outcome of a transaction for the rendering of services can be estimated reliably in terms of revenue, costs and its stage of completion of the specific transaction at the end of the reporting period. The stage of completion is determined on the basis of the actual completion of a proportion of the total services to be rendered. When the outcome of a service contract cannot be estimated reliably the company only recognises revenue to the extent of the recoverable expenses recognised. |
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Borrowing costs
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| All borrowing related costs are included within the statement of income in the period in which they are incurred using the effective interest method. |
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Property, plant and equipment
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Property, plant and equipment is stated at cost less accumulated depreciation and impairment losses. Part of an item of property, plant and equipment having different useful lives are accounted for as separate items.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives, using the straight-line method. The estimated useful lives, residual values and depreciation method are reviewed at the end of each reporting period, with the effect of any changes in estimate accounted for on a prospective basis.
Depreciation is provided to write off the cost less estimated residual value, of each asset over its expected useful life as follows:
| | Asset class and depreciation rate | | Land and Buildings | | | Plant and Machinery | 12% reducing balance | | Short Leasehold Properties | | | Investment Properties | | | Long Leasehold Properties | | | Commercial Vehicles | | | Fixtures and Fittings | | | Equipment | 33% reducing balance | | Motor Cars | 25% reducing balance |
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Inventories
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| Inventories are measured at the lower of cost and net realisable value. Costs of inventories are determined on a first-in-first-out basis. Net realisable value represents the estimated selling price for inventories less all estimated costs necessary to make the sale. |
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Leases
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Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee. All other leases are classified as operating leases.
The company as lessee
Assets held under finance leases are initially recognised as assets of the company at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.
Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately in the income statement.
Operating lease payments are recognised as an expense on a straight-line basis over the lease term. In the event that lease incentives are received to enter into operating leases,the aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis over the lease period. |
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Taxation
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| Taxation expense represents the aggregate amount of current tax and deferred tax recognised in the reporting period. |
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(4) Employees
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| During the year, the average number of employees including director was 7 (2024 : 6). |
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(5) Tangible fixed assets
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| Plant and Machinery | Equipment | Motor Vehicles | Totals | | £ | £ | £ | £ | | Cost | | | | | | As at 01 May 2024 | 76,421 | 3,781 | 14,000 | 94,202 | | Additions | 15,498 | 1,937 | - | 17,435 | | As at 30 April 2025 | 91,919 | 5,718 | 14,000 | 111,637 | | Depreciation | | | | | | As at 01 May 2024 | 41,805 | 3,781 | 12,131 | 57,717 | | For the year | 6,014 | 460 | 467 | 6,941 | | As at 30 April 2025 | 47,819 | 4,241 | 12,598 | 64,658 | | Net book value | | | | | | As at 30 April 2025 | 44,101 | 1,476 | 1,402 | 46,979 | | As at 30 April 2024 | 34,616 | - | 1,869 | 36,485 |
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(6) Debtors
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Amounts falling due within one year
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| | | 2025 | | 2024 | | £ | | £ | | | Trade debtors | 37,114 | | 37,457 | | Other debtors | 3,800 | | 3,800 | | Prepayments and accrued income | 1,164 | | 1,257 | | 42,078 | | 42,514 |
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(7) Creditors: Amounts falling due within one year
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| | | 2025 | | 2024 | | £ | | £ | | | Trade creditors | 15,715 | | 15,793 | | Bank loans and overdrafts | 8,832 | | 11,611 | | Finance leases | 7,439 | | - | | Other taxes and social security | 8,563 | | 8,748 | | Other creditors | 28,416 | | 34,267 | | Accruals and deferred income | 1,623 | | 1,804 | | 70,588 | | 72,223 |
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(8) Creditors: Amounts falling due after more than one year
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| | | 2025 | | 2024 | | £ | | £ | | | Bank loans and overdrafts | - | | 8,470 | | Finance leases | 1,860 | | - | | | | | | 1,860 | | 8,470 |
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(9) Share capital and reserves
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| | Alloted, called up and fully paid: | 2025 | | 2024 | | £ | | £ | | | 100 (2024 : 100) Alloted, called up and fully paid of £ 1 each | 100 | | 100 | | 100 | | 100 | | | | | Retained earnings | | | 2025 | | | | £ | | At 1 May 2024 | | | 8,552 | | Profit of the year | | | 18,457 | | Dividends paid | | | (1,000) | | At 30 April 2025 | | | 26,009 | |
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