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Financial Statements |
Contents |
Page |
Officers and professional advisers |
1 |
Strategic report |
2 |
Directors' report |
4 |
Independent auditor's report to the members |
6 |
Statement of comprehensive income |
10 |
Statement of financial position |
11 |
Statement of changes in equity |
12 |
Statement of cash flows |
13 |
Notes to the financial statements |
14 |
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Officers and Professional Advisers |
The board of directors |
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Registered office |
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Auditor |
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Chartered accountants & statutory auditor |
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Ashford House |
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95 Dixons Green |
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Dudley |
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West Midlands |
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DY2 7DJ |
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Bankers |
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Bitterscote House |
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Bonehill Road |
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Tamworth |
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B78 3HQ |
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Solicitors |
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7 Pilgrim Street |
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London |
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EC4V 6LB |
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Strategic Report |
Period to 30 Nov 2022 | Year to 30 April 2022 | ||
£ | £ | ||
Turnover from continuing operations | 20,518,843 | 35,021,688 | |
Operating profit | 4,445,484 | 4,772,405 | |
Mrs K.M. Savery
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Director |
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Directors' Report |
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Mrs K.M. Savery
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(Appointed
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Mr I.J. Cornelius
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(Resigned
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Mrs K.M. Savery
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Director |
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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 |
Ashford House |
95 Dixons Green |
Dudley |
West Midlands |
DY2 7DJ |
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Statement of Comprehensive Income |
Period from |
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1 May 22 to |
Year to |
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30 Nov 22 |
30 Apr 22 |
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Note |
£ |
£ |
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Turnover |
4 |
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Change in stocks of finished goods and in work in progress |
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Other operating income |
5 |
– |
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------------- |
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21,358,703 |
35,148,290 |
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Raw material and consumables |
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Other external charges |
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Staff costs |
8 |
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Depreciation and other amounts written off tangible and intangible fixed assets |
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Other operating expenses |
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------------- |
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Operating profit |
6 |
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Other interest receivable and similar income |
10 |
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Interest payable and similar expenses |
11 |
– |
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Profit before taxation |
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Tax on profit |
12 |
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Profit for the financial period and total comprehensive income |
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Statement of Financial Position |
30 Nov 22 |
30 Apr 22 |
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Note |
£ |
£ |
£ |
Tangible assets |
13 |
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Stocks |
14 |
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Debtors |
15 |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
16 |
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Net current assets |
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Total assets less current liabilities |
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Taxation including deferred tax |
17 |
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Net assets |
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Called up share capital |
21 |
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Share premium account |
22 |
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Revaluation reserve |
22 |
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Capital redemption reserve |
22 |
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Profit and loss account |
22 |
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Shareholders funds |
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Mrs K.M. Savery
|
Director |
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Statement of Changes in Equity |
Called up share capital |
Share premium account |
Revaluation reserve |
Capital redemption reserve |
Profit and loss account |
Total |
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£ |
£ |
£ |
£ |
£ |
£ |
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At 1 May 2021 |
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Profit for the period |
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------- |
---- |
--------- |
---- |
------------- |
------------- |
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Total comprehensive income for the period |
– |
– |
– |
– |
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At 30 April 2022 |
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Profit for the period |
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------- |
---- |
--------- |
---- |
------------- |
------------- |
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Total comprehensive income for the period |
– |
– |
– |
– |
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------- |
---- |
--------- |
---- |
------------- |
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At 30 November 2022 |
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------- |
---- |
--------- |
---- |
------------- |
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Statement of Cash Flows |
30 Nov 22 |
30 Apr 22 |
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£ |
£ |
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Profit for the financial period |
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Adjustments for: |
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Depreciation of tangible assets |
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Other interest receivable and similar income |
(
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(
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Interest payable and similar expenses |
– |
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Loss on disposal of tangible assets |
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– |
Tax on profit |
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Accrued expenses/(income) |
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(
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Changes in: |
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Stocks |
(
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(
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Trade and other debtors |
(
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(
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Trade and other creditors |
(
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(
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------------ |
------------ |
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Cash generated from operations |
(
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(
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Interest paid |
– |
(
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Interest received |
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Tax paid |
(
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(
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------------ |
------------ |
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Net cash used in operating activities |
(
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(
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------------ |
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Purchase of tangible assets |
(
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(
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Proceeds from sale of tangible assets |
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– |
------------ |
------------ |
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Net cash used in investing activities |
(
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(
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------------ |
------------ |
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Payments of finance lease liabilities |
– |
(
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------------ |
------------ |
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Net cash used in financing activities |
– |
(
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------------ |
------------ |
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Net decrease in cash and cash equivalents |
(
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(
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Cash and cash equivalents at beginning of period |
2,438,115 |
4,485,820 |
------------ |
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Cash and cash equivalents at end of period |
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------------ |
------------ |
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Notes to the Financial Statements |
Freehold Property |
- |
100 years
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Long Leasehold Property |
- |
125 years
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Plant & Equipment |
- |
4 years
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Office equipment |
- |
7 years
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Motor Vehicles |
- |
4 years
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Period from |
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1 May 22 to |
Year to |
|
30 Nov 22 |
30 Apr 22 |
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£ |
£ |
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Sale of goods |
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------------- |
------------- |
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Period from |
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1 May 22 to |
Year to |
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30 Nov 22 |
30 Apr 22 |
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£ |
£ |
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United Kingdom |
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Rest of Europe |
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Rest of the World |
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------------- |
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Period from |
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1 May 22 to |
Year to |
|
30 Nov 22 |
30 Apr 22 |
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£ |
£ |
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Other operating income |
– |
|
---- |
-------- |
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Period from |
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1 May 22 to |
Year to |
|
30 Nov 22 |
30 Apr 22 |
|
£ |
£ |
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Loss on disposal of tangible assets |
|
– |
Impairment of trade debtors |
1,295 |
– |
Operating lease rentals |
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Depreciation of tangible assets |
211,367 |
371,901
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Exchange differences |
30,238
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(43,572)
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--------- |
--------- |
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Period from |
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1 May 22 to |
Year to |
|
30 Nov 22 |
30 Apr 22 |
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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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Other non-audit services |
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-------- |
-------- |
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30 Nov 22 |
30 Apr 22 |
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No. |
No. |
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Production staff |
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Administrative staff |
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Management staff |
1 |
2 |
Number of sales and techinical staff |
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---- |
---- |
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---- |
---- |
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Period from |
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1 May 22 to |
Year to |
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30 Nov 22 |
30 Apr 22 |
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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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Period from |
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1 May 22 to |
Year to |
|
30 Nov 22 |
30 Apr 22 |
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£ |
£ |
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Remuneration |
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-------- |
--------- |
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Period from |
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1 May 22 to |
Year to |
|
30 Nov 22 |
30 Apr 22 |
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£ |
£ |
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Aggregate remuneration |
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-------- |
--------- |
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Period from |
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1 May 22 to |
Year to |
|
30 Nov 22 |
30 Apr 22 |
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£ |
£ |
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Interest on cash and cash equivalents |
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-------- |
--------- |
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Period from |
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1 May 22 to |
Year to |
|
30 Nov 22 |
30 Apr 22 |
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£ |
£ |
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Interest on obligations under finance leases and hire purchase contracts |
– |
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---- |
------- |
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Period from |
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1 May 22 to |
Year to |
|
30 Nov 22 |
30 Apr 22 |
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£ |
£ |
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UK current tax expense |
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Adjustments in respect of prior periods |
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--------- |
--------- |
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Total current tax |
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--------- |
--------- |
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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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--------- |
------------ |
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Period from |
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1 May 22 to |
Year to |
|
30 Nov 22 |
30 Apr 22 |
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£ |
£ |
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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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Adjustment to tax charge in respect of prior periods |
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Effect of expenses not deductible for tax purposes |
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Effect of capital allowances and depreciation |
(
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(
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------------ |
------------ |
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Tax on profit |
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------------ |
------------ |
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Freehold property |
Long leasehold property |
Plant and machinery |
Fixtures and fittings |
Motor vehicles |
Total |
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£ |
£ |
£ |
£ |
£ |
£ |
|
Cost |
||||||
At 1 May 2022 |
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Additions |
– |
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– |
– |
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Disposals |
– |
– |
– |
(
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(
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(
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--------- |
------------ |
------------ |
--------- |
-------- |
------------ |
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At 30 Nov 2022 |
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--------- |
------------ |
------------ |
--------- |
-------- |
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Depreciation |
||||||
At 1 May 2022 |
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Charge for the period |
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Disposals |
– |
– |
– |
(
|
(
|
(
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--------- |
------------ |
------------ |
--------- |
-------- |
------------ |
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At 30 Nov 2022 |
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--------- |
------------ |
------------ |
--------- |
-------- |
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Carrying amount |
||||||
At 30 Nov 2022 |
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--------- |
------------ |
------------ |
--------- |
-------- |
------------ |
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At 30 Apr 2022 |
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--------- |
------------ |
------------ |
--------- |
-------- |
------------ |
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30 Nov 22 |
30 Apr 22 |
|
£ |
£ |
|
Raw materials and consumables |
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Finished goods and goods for resale |
|
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------------ |
------------ |
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------------ |
------------ |
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30 Nov 22 |
30 Apr 22 |
|
£ |
£ |
|
Trade debtors |
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Amounts owed by holding company - H.B. Fuller Company |
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Prepayments and accrued income |
|
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Amount owed by related company - Apollo Roofing Solutions Limited |
1,499,906 |
2,411,533 |
Amount owed by related company - Apollo Construction Solutions Limited |
251,673 |
541,499 |
Other debtors |
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------------- |
------------- |
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------------- |
------------- |
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30 Nov 22 |
30 Apr 22 |
|
£ |
£ |
|
Trade creditors |
|
|
Accruals and deferred income |
|
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Corporation tax |
|
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Social security and other taxes |
|
|
Other creditors |
|
|
------------ |
------------ |
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------------ |
------------ |
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Deferred tax (note 18) |
|
£ |
|
At 1 May 2022 |
|
Additions |
|
--------- |
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At 30 November 2022 |
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--------- |
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30 Nov 22 |
30 Apr 22 |
|
£ |
£ |
|
Included in provisions (note 17) |
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--------- |
-------- |
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30 Nov 22 |
30 Apr 22 |
|
£ |
£ |
|
Accelerated capital allowances |
|
|
--------- |
-------- |
|
30 Nov 22 |
30 Apr 22 |
|
£ |
£ |
|
Trade debtors |
4,417,387 |
5,452,250 |
Other debtors |
11,045,926 |
6,291,839 |
Cash at bank and in hand |
80,923 |
2,438,115 |
------------- |
------------- |
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------------- |
------------- |
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Trade creditors |
2,890,696 |
4,169,543 |
Other creditors |
1,751,655 |
2,075,900 |
Provisions |
108,316 |
97,593 |
------------ |
------------ |
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------------ |
------------ |
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30 Nov 22 |
30 Apr 22 |
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No. |
£ |
No. |
£ |
|
|
|
1,405 |
|
1,334 |
|
– |
– |
|
71 |
------- |
------- |
------- |
------- |
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------- |
------- |
------- |
------- |
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At 1 May 2022 |
Cash flows |
At 30 Nov 2022 |
|
£ |
£ |
£ |
|
Cash at bank and in hand |
|
(2,357,192) |
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------------ |
------------ |
-------- |
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Notes to the Financial Statements (continued) |
30 Nov 22 |
30 Apr 22 |
|
£ |
£ |
|
Not later than 1 year |
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Later than 1 year and not later than 5 years |
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--------- |
--------- |
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--------- |
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