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Financial Statements |
Contents |
Page |
Officers and professional advisers |
1 |
Strategic report |
2 |
Directors' report |
3 |
Independent auditor's report to the members |
5 |
Statement of comprehensive income |
9 |
Statement of financial position |
10 |
Statement of changes in equity |
11 |
Notes to the financial statements |
13 |
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Officers and Professional Advisers |
The board of directors |
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Registered office |
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United Kingdom |
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Auditor |
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Chartered Accountants & statutory auditor |
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Omega Court |
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364-366 Cemetery Road |
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Sheffield |
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S11 8FT |
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Strategic Report |
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Director |
Registered office: |
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United Kingdom |
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Directors' Report |
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Director |
Registered office: |
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United Kingdom |
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Independent Auditor's Report to the Members of
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(Senior Statutory Auditor) |
For and on behalf of |
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Chartered Accountants & statutory auditor |
Omega Court |
364-366 Cemetery Road |
Sheffield |
S11 8FT |
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Statement of Comprehensive Income |
2023 |
2022 |
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Note |
£ |
£ |
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Turnover |
4 |
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Cost of sales |
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------------- |
------------- |
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Gross profit |
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Administrative expenses |
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Other operating income |
5 |
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------------ |
------------ |
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Operating profit |
6 |
|
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Loss on financial assets at fair value through profit or loss |
(
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(
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Income from shares in group undertakings |
10 |
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– |
Other interest receivable and similar income |
11 |
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------------ |
------------ |
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Profit before taxation |
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Tax on profit |
12 |
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--------- |
------------ |
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Profit for the financial year |
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--------- |
------------ |
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Revaluation of tangible assets |
– |
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--------- |
------------ |
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Total comprehensive income for the year |
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--------- |
------------ |
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Statement of Financial Position |
2023 |
2022 |
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Note |
£ |
£ |
Tangible assets |
15 |
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Investments |
16 |
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------------ |
------------ |
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Stocks |
17 |
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Debtors |
18 |
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Investments |
19 |
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Cash at bank and in hand |
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------------ |
------------ |
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Creditors: amounts falling due within one year |
20 |
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------------ |
------------ |
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Net current assets |
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------------- |
------------- |
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Total assets less current liabilities |
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Provisions |
21 |
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------------- |
------------- |
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Net assets |
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------------- |
------------- |
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Called up share capital |
25 |
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Revaluation reserve |
26 |
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Capital redemption reserve |
26 |
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Other reserves, including the fair value reserve |
26 |
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Profit and loss account |
26 |
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------------- |
------------- |
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Shareholders funds |
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------------- |
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Director |
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Statement of Changes in Equity |
Called up share capital |
Revaluation reserve |
Capital redemption reserve |
Other reserves, including the fair value reserve |
Profit and loss account |
Total |
|||
Note |
£ |
£ |
£ |
£ |
£ |
£ |
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At 1 July 2021 |
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Profit for the year |
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Other comprehensive income for the year: |
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Revaluation of tangible assets |
15 |
– |
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– |
– |
– |
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Reclassification from revaluation reserve to profit and loss account |
– |
(
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– |
– |
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– |
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Reclassification from fair value reserve to profit and loss account |
– |
– |
– |
506,162
|
(506,162) |
– |
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-------- |
--------- |
-------- |
--------- |
------------- |
------------- |
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Total comprehensive income for the year |
– |
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– |
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Dividends paid and payable |
13 |
– |
– |
– |
– |
(
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(
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-------- |
--------- |
-------- |
--------- |
------------- |
------------- |
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Total investments by and distributions to owners |
– |
– |
– |
– |
(
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(
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At 30 June 2022 |
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Profit for the year |
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Other comprehensive income for the year: |
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Reclassification from revaluation reserve to profit and loss account |
– |
(
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– |
– |
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– |
||
Reclassification from fair value reserve to profit and loss account |
– |
– |
– |
(57,743) |
57,743
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– |
||
-------- |
--------- |
-------- |
------------ |
------------- |
------------- |
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Total comprehensive income for the year |
– |
(
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– |
(
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Statement of Changes in Equity (continued) |
Called up share capital |
Revaluation reserve |
Capital redemption reserve |
Other reserves, including the fair value reserve |
Profit and loss account |
Total |
||
Note |
£ |
£ |
£ |
£ |
£ |
£ |
|
Dividends paid and payable |
13 |
– |
– |
– |
– |
(
|
(
|
---- |
---- |
---- |
---- |
--------- |
--------- |
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Total investments by and distributions to owners |
– |
– |
– |
– |
(
|
(
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-------- |
--------- |
-------- |
--------- |
------------- |
------------- |
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At 30 June 2023 |
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-------- |
--------- |
-------- |
--------- |
------------- |
------------- |
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Notes to the Financial Statements |
Goodwill |
- |
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Freehold property |
- |
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Plant and machinery |
- |
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Motor vehicles |
- |
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Equipment |
- |
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2023 |
2022 |
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£ |
£ |
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Sale of goods |
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------------- |
------------- |
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2023 |
2022 |
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£ |
£ |
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United Kingdom |
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Overseas |
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------------- |
------------- |
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------------- |
------------- |
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2023 |
2022 |
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£ |
£ |
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Rental income |
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Management charges receivable |
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|
--------- |
-------- |
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--------- |
-------- |
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2023 |
2022 |
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£ |
£ |
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Depreciation of tangible assets |
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Gains on disposal of tangible assets |
(
|
(
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Impairment of trade debtors |
(3,930) |
1,911 |
Foreign exchange differences |
|
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--------- |
--------- |
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2023 |
2022 |
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£ |
£ |
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Fees payable for the audit of the financial statements |
|
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-------- |
-------- |
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2023 |
2022 |
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No. |
No. |
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Production staff |
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Administrative staff |
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Management staff |
2 |
2 |
---- |
---- |
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---- |
---- |
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2023 |
2022 |
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£ |
£ |
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Wages and salaries |
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Social security costs |
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Other pension costs |
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------------ |
------------ |
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------------ |
------------ |
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2023 |
2022 |
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£ |
£ |
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Remuneration |
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Company contributions to defined contribution pension plans |
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--------- |
--------- |
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--------- |
--------- |
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2023 |
2022 |
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No. |
No. |
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Defined contribution plans |
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---- |
---- |
|
2023 |
2022 |
|
£ |
£ |
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Dividends from group undertakings |
112,732 |
– |
--------- |
---- |
|
2023 |
2022 |
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£ |
£ |
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Interest on loans and receivables |
26,259 |
27,186 |
Interest on bank deposits |
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Gain on fair value adjustment of financial assets at fair value through profit or loss |
– |
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-------- |
--------- |
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-------- |
--------- |
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2023 |
2022 |
|
£ |
£ |
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UK current tax income |
– |
(
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Origination and reversal of timing differences |
|
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--------- |
--------- |
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Tax on profit |
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--------- |
--------- |
|
2023 |
2022 |
|
£ |
£ |
|
Profit on ordinary activities before taxation |
|
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--------- |
------------ |
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Profit on ordinary activities by rate of tax |
|
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Effect of expenses not deductible for tax purposes |
|
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Effect of revenue exempt from tax |
(
|
– |
Effect of different UK tax rates on some earnings |
83,504 |
– |
Other tax adjustment to increase/(decrease) tax liability |
(
|
(
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--------- |
------------ |
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Tax on profit |
|
|
--------- |
------------ |
|
2023 |
2022 |
|
£ |
£ |
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Dividends paid during the year (excluding those for which a liability existed at the end of the prior year ) |
|
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--------- |
--------- |
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Goodwill |
|
£ |
|
Cost |
|
At 1 July 2022 and 30 June 2023 |
|
--------- |
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Amortisation |
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At 1 July 2022 and 30 June 2023 |
|
--------- |
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Carrying amount |
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At 30 June 2023 |
– |
--------- |
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At 30 June 2022 |
– |
--------- |
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Freehold property |
Plant and machinery |
Motor vehicles |
Equipment |
Total |
|
£ |
£ |
£ |
£ |
£ |
|
Cost |
|||||
At 1 July 2022 |
|
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Additions |
– |
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Disposals |
– |
– |
(
|
– |
(
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------------ |
------------ |
--------- |
--------- |
------------ |
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At 30 June 2023 |
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------------ |
------------ |
--------- |
--------- |
------------ |
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Depreciation |
|||||
At 1 July 2022 |
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Charge for the year |
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Disposals |
– |
– |
(
|
– |
(
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------------ |
------------ |
--------- |
--------- |
------------ |
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At 30 June 2023 |
|
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------------ |
------------ |
--------- |
--------- |
------------ |
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Carrying amount |
|||||
At 30 June 2023 |
|
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|
------------ |
------------ |
--------- |
--------- |
------------ |
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At 30 June 2022 |
|
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– |
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------------ |
------------ |
--------- |
--------- |
------------ |
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2023 | ||
£ | ||
Original cost | 349,193 | |
Valuation in 2002 | 56,632 | |
Valuation in 2010 | 402,176 | |
Valuation in 2015 | (20,000) | |
Additions in 2020 | 21,090 | |
Valuation in 2022 | 65,909 | |
--------- | ||
Total | 875,000 | |
--------- | ||
Shares in group undertakings |
|
£ |
|
Cost |
|
At 1 July 2022 and 30 June 2023 |
|
------------ |
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Impairment |
|
At 1 July 2022 and 30 June 2023 |
– |
------------ |
|
Carrying amount |
|
At 30 June 2023 |
|
------------ |
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At 30 June 2022 |
|
------------ |
|
2023 |
2022 |
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£ |
£ |
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National Numbers Ltd |
7,741,068 |
7,544,463 |
|
Degron Ltd (Dormant) |
2 |
225,466 |
|
Kenric Plastics Ltd (Dormant) |
200 |
200 |
|
2023 |
2022 |
||
£ |
£ |
||
National Numbers Ltd |
196,605 |
367,932 |
|
2023 |
2022 |
|
£ |
£ |
|
Raw materials and consumables |
|
|
Finished goods and goods for resale |
|
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------------ |
--------- |
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|
------------ |
--------- |
|
2023 |
2022 |
|
£ |
£ |
|
Trade debtors |
|
|
Amounts owed by group undertakings |
|
– |
Prepayments and accrued income |
|
|
Corporation tax repayable |
|
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Other debtors |
|
|
------------ |
------------ |
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|
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------------ |
------------ |
|
2023 |
2022 |
|
£ |
£ |
|
Investments in bonds |
391,767 |
502,205 |
--------- |
--------- |
|
2023 |
2022 |
|
£ |
£ |
|
Trade creditors |
|
|
Amounts owed to group undertakings |
|
|
Accruals and deferred income |
|
|
Social security and other taxes |
|
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Director loan accounts |
|
– |
Other creditors |
|
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------------ |
------------ |
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------------ |
------------ |
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Deferred tax (note 22) |
|
£ |
|
At 1 July 2022 |
|
Additions |
|
--------- |
|
At 30 June 2023 |
|
--------- |
|
2023 |
2022 |
|
£ |
£ |
|
Included in provisions (note 21) |
|
|
--------- |
--------- |
|
2023 |
2022 |
|
£ |
£ |
|
Accelerated capital allowances |
|
|
Revaluation of tangible assets |
|
|
Fair value adjustment of investment property |
|
|
Unused tax losses |
(
|
– |
--------- |
--------- |
|
413,442 |
264,434 |
|
--------- |
--------- |
|
2023 |
2022 |
|
£ |
£ |
|
Financial assets measured at fair value through profit or loss |
11,103,299 |
13,907,482 |
------------- |
------------- |
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Financial liabilities measured at fair value through profit or loss |
3,673,062 |
4,631,697 |
------------ |
------------ |
|
2023 |
2022 |
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No. |
£ |
No. |
£ |
|
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|
10,000 |
|
10,000 |
|
|
10 |
|
10 |
|
|
40 |
|
40 |
|
|
10 |
|
10 |
-------- |
-------- |
-------- |
-------- |
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-------- |
-------- |
-------- |
-------- |
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2023 |
2022 |
|
£ |
£ |
|
At start of year |
1,031,658
|
|
Reclassification from fair value reserve to profit and loss account |
(57,743) |
506,162 |
------------ |
--------- |
|
At end of year |
|
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------------ |
--------- |
|