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Financial Statements
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Contents
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Page
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Officers and professional advisers
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1
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Strategic report
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2
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Directors' report
|
5
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Independent auditor's report to the members
|
7
|
Consolidated statement of comprehensive income
|
11
|
Consolidated statement of financial position
|
12
|
Company statement of financial position
|
13
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Consolidated statement of changes in equity
|
14
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Company statement of changes in equity
|
15
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Consolidated statement of cash flows
|
16
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Notes to the financial statements
|
17
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Officers and Professional Advisers
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The board of directors
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Registered office
|
|
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Auditor
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Chartered Accountants & Business Advisors
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Norham House
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Mountenoy Road
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Rotherham
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South Yorkshire
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S60 2AJ
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|
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Strategic Report
|
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Director
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Registered office:
|
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Directors' Report
|
|
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Director
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Registered office:
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Independent Auditor's Report to the Members of
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(Senior Statutory Auditor)
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For and on behalf of
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Chartered Accountants & Business Advisors
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Norham House
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Mountenoy Road
|
Rotherham
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South Yorkshire
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S60 2AJ
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Consolidated Statement of Comprehensive Income
|
2020
|
2019
|
||
Note
|
£
|
£
|
|
Turnover
|
4
|
|
|
Cost of sales
|
|
|
-------------
|
------------
|
|
Gross profit
|
|
|
Administrative expenses
|
|
|
|
Other operating income
|
5
|
|
|
------------
|
------------
|
||
Operating loss
|
6
|
(
|
(
|
Interest payable
|
10
|
|
|
------------
|
------------
|
||
Loss before taxation
|
(
|
(
|
|
Taxation on ordinary activities
|
11
|
–
|
–
|
------------
|
---------
|
||
Loss for the financial year and total comprehensive income
|
(
|
(
|
|
------------
|
---------
|
||
|
Consolidated Statement of Financial Position
|
2020
|
2019
|
||
Note
|
£
|
£
|
|
Goodwill
|
|
|
||
Negative goodwill
|
(
|
–
|
||
------------
|
------------
|
|||
Intangible assets
|
12
|
|
|
|
Tangible assets
|
13
|
|
|
|
-------------
|
-------------
|
|||
|
|
|||
Stocks
|
15
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|
|
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Debtors
|
16
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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
|
17
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|
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|
------------
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------------
|
|||
Net current liabilities
|
|
|
||
-------------
|
-------------
|
|||
Total assets less current liabilities
|
|
|
||
Creditors: amounts falling due after more than one year
|
18
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|
|
|
-------------
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-------------
|
|||
Net assets
|
|
|
||
-------------
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-------------
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|||
Called up share capital
|
21
|
|
|
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Share premium account
|
22
|
|
|
|
Profit and loss account
|
22
|
(
|
(
|
|
------------
|
------------
|
|||
Shareholders funds
|
|
|
||
------------
|
------------
|
|||
|
Director
|
|
Company Statement of Financial Position
|
2020
|
2019
|
||
Note
|
£
|
£
|
|
Intangible assets
|
12
|
|
|
|
Tangible assets
|
13
|
|
|
|
Investments
|
14
|
|
|
|
-------------
|
-------------
|
|||
|
|
|||
Debtors
|
16
|
|
|
|
Cash at bank and in hand
|
|
|
||
------------
|
------------
|
|||
|
|
|||
Creditors: amounts falling due within one year
|
17
|
|
|
|
------------
|
------------
|
|||
Net current liabilities
|
|
|
||
-------------
|
-------------
|
|||
Total assets less current liabilities
|
|
|
||
Creditors: amounts falling due after more than one year
|
18
|
|
|
|
-------------
|
-------------
|
|||
Net assets
|
|
|
||
-------------
|
-------------
|
|||
Called up share capital
|
21
|
|
|
|
Share premium account
|
22
|
|
|
|
Profit and loss account
|
22
|
(
|
(
|
|
------------
|
------------
|
|||
Shareholders funds
|
|
|
||
------------
|
------------
|
|||
|
Director
|
|
Consolidated Statement of Changes in Equity
|
Called up share capital
|
Share premium account
|
Profit and loss account
|
Total
|
|
£
|
£
|
£
|
£
|
|
At 1 April 2018
|
|
|
(
|
|
Loss for the year
|
(
|
(
|
||
------------
|
------------
|
------------
|
------------
|
|
Total comprehensive income for the year
|
–
|
–
|
(
|
(
|
Issue of shares
|
|
|
–
|
|
Cancellation of subscribed capital
|
(
|
–
|
–
|
(
|
------------
|
------------
|
------------
|
------------
|
|
Total investments by and distributions to owners
|
|
|
–
|
|
At 31 March 2019
|
|
|
(
|
|
Loss for the year
|
(
|
(
|
||
------------
|
------------
|
------------
|
------------
|
|
Total comprehensive income for the year
|
–
|
–
|
(
|
(
|
Issue of shares
|
|
|
–
|
|
------------
|
------------
|
----
|
------------
|
|
Total investments by and distributions to owners
|
|
|
–
|
|
------------
|
------------
|
------------
|
------------
|
|
At 31 March 2020
|
|
|
(
|
|
------------
|
------------
|
------------
|
------------
|
|
|
Company Statement of Changes in Equity
|
Called up share capital
|
Share premium account
|
Profit and loss account
|
Total
|
|
£
|
£
|
£
|
£
|
|
At 1 April 2018
|
|
|
(
|
|
Loss for the year
|
(
|
(
|
||
------------
|
------------
|
------------
|
------------
|
|
Total comprehensive income for the year
|
–
|
–
|
(
|
(
|
Issue of shares
|
|
|
–
|
|
Cancellation of subscribed capital
|
(
|
–
|
–
|
(
|
------------
|
------------
|
------------
|
------------
|
|
Total investments by and distributions to owners
|
|
|
–
|
|
At 31 March 2019
|
|
|
(
|
|
Loss for the year
|
(
|
(
|
||
------------
|
------------
|
------------
|
------------
|
|
Total comprehensive income for the year
|
–
|
–
|
(
|
(
|
Issue of shares
|
|
|
–
|
|
------------
|
------------
|
----
|
------------
|
|
Total investments by and distributions to owners
|
|
|
–
|
|
------------
|
------------
|
------------
|
------------
|
|
At 31 March 2020
|
|
|
(
|
|
------------
|
------------
|
------------
|
------------
|
|
|
Consolidated Statement of Cash Flows
|
2020
|
2019
|
|
£
|
£
|
|
Loss for the financial year
|
(
|
(
|
Adjustments for:
|
||
Depreciation of tangible assets
|
|
|
Amortisation of intangible assets
|
|
|
Interest payable
|
|
|
Loss/(gains) on disposal of tangible assets
|
|
(
|
Accrued expenses/(income)
|
|
(
|
Changes in:
|
||
Stocks
|
|
(
|
Trade and other debtors
|
(
|
(
|
Trade and other creditors
|
|
|
------------
|
---------
|
|
Cash generated from operations
|
|
|
Interest paid
|
(
|
(
|
---------
|
---------
|
|
Net cash from operating activities
|
|
|
---------
|
---------
|
|
Purchase of tangible assets
|
(
|
(
|
Proceeds from sale of tangible assets
|
–
|
|
Purchase of intangible assets
|
(
|
(
|
Acquisition of subsidiaries
|
(
|
–
|
------------
|
------------
|
|
Net cash used in investing activities
|
(
|
(
|
------------
|
------------
|
|
Proceeds from issue of ordinary shares
|
|
|
Proceeds from borrowings
|
|
|
------------
|
------------
|
|
Net cash from financing activities
|
|
|
------------
|
------------
|
|
Net (decrease)/increase in cash and cash equivalents
|
(
|
|
Cash and cash equivalents at beginning of year
|
1,325,902
|
620,650
|
------------
|
------------
|
|
Cash and cash equivalents at end of year
|
|
|
------------
|
------------
|
|
|
Notes to the Financial Statements
|
Goodwill
|
-
|
|
|
Freehold Property
|
-
|
|
|
Short Leasehold Property
|
-
|
|
|
Plant and Machinery
|
-
|
|
|
Fixtures and Fittings
|
-
|
|
|
Motor Vehicle
|
-
|
|
|
Equipment
|
-
|
|
|
2020
|
2019
|
|
£
|
£
|
|
Sale of goods
|
|
|
-------------
|
------------
|
|
2020
|
2019
|
|
£
|
£
|
|
Other operating income
|
|
|
---------
|
-------
|
|
2020
|
2019
|
|
£
|
£
|
|
Amortisation of intangible assets
|
|
|
Depreciation of tangible assets
|
|
|
Loss/(gains) on disposal of tangible assets
|
|
(
|
Impairment of trade debtors
|
29,005
|
–
|
---------
|
---------
|
|
2020
|
2019
|
|
£
|
£
|
|
Fees payable for the audit of the financial statements
|
|
|
--------
|
--------
|
|
2020
|
2019
|
|
No.
|
No.
|
|
Production staff
|
|
|
----
|
----
|
|
2020
|
2019
|
|
£
|
£
|
|
Wages and salaries
|
|
|
Social security costs
|
|
|
Other pension costs
|
|
|
------------
|
------------
|
|
|
|
|
------------
|
------------
|
|
2020
|
2019
|
|
£
|
£
|
|
Remuneration
|
|
|
Company contributions to defined contribution pension plans
|
|
|
---------
|
---------
|
|
|
|
|
---------
|
---------
|
|
2020
|
2019
|
|
£
|
£
|
|
Interest on banks loans and overdrafts
|
|
|
Other interest payable and similar charges
|
|
|
---------
|
---------
|
|
|
|
|
---------
|
---------
|
|
2020
|
2019
|
|
£
|
£
|
|
Loss on ordinary activities before taxation
|
(
|
(
|
------------
|
---------
|
|
Loss on ordinary activities by rate of tax
|
(
|
(
|
Effect of expenses not deductible for tax purposes
|
|
|
Effect of capital allowances and depreciation
|
|
|
Utilisation of tax losses
|
(
|
(
|
Unused tax losses
|
|
|
------------
|
---------
|
|
Tax on loss
|
–
|
–
|
------------
|
---------
|
|
Group
|
Goodwill
|
Goodwill
|
Total
|
£
|
£
|
£
|
|
Cost
|
|||
At 1 April 2019
|
–
|
|
|
Additions
|
–
|
|
|
Acquisitions through business combinations
|
(
|
|
(
|
---------
|
------------
|
------------
|
|
At 31 March 2020
|
(
|
|
|
---------
|
------------
|
------------
|
|
Amortisation
|
|||
At 1 April 2019
|
–
|
|
|
Charge for the year
|
(
|
|
|
---------
|
------------
|
------------
|
|
At 31 March 2020
|
(
|
|
|
---------
|
------------
|
------------
|
|
Carrying amount
|
|||
At 31 March 2020
|
(
|
|
|
---------
|
------------
|
------------
|
|
At 31 March 2019
|
–
|
|
|
---------
|
------------
|
------------
|
|
Company
|
Goodwill
|
£
|
|
Cost
|
|
At 1 April 2019
|
|
Additions
|
|
---------
|
|
At 31 March 2020
|
|
---------
|
|
Amortisation
|
|
At 1 April 2019
|
|
Charge for the year
|
|
---------
|
|
At 31 March 2020
|
|
---------
|
|
Carrying amount
|
|
At 31 March 2020
|
|
---------
|
|
At 31 March 2019
|
|
---------
|
|
Group
|
Freehold land and buildings
|
Plant and machinery
|
Fixtures, fittings and equipment
|
Motor vehicles
|
Total
|
£
|
£
|
£
|
£
|
£
|
|
Cost
|
|||||
At 1 April 2019
|
|
|
|
–
|
|
Additions
|
|
|
|
|
|
Disposals
|
–
|
–
|
(
|
–
|
(
|
Acquisitions through business combinations
|
|
|
|
|
|
-------------
|
---------
|
------------
|
--------
|
-------------
|
|
At 31 March 2020
|
|
|
|
|
|
-------------
|
---------
|
------------
|
--------
|
-------------
|
|
Depreciation
|
|||||
At 1 April 2019
|
|
|
|
–
|
|
Charge for the year
|
|
|
|
|
|
Disposals
|
–
|
–
|
(
|
–
|
(
|
-------------
|
---------
|
------------
|
--------
|
-------------
|
|
At 31 March 2020
|
|
|
|
|
|
-------------
|
---------
|
------------
|
--------
|
-------------
|
|
Carrying amount
|
|||||
At 31 March 2020
|
|
|
|
|
|
-------------
|
---------
|
------------
|
--------
|
-------------
|
|
At 31 March 2019
|
|
|
|
–
|
|
-------------
|
---------
|
------------
|
--------
|
-------------
|
|
Company
|
Freehold land and buildings
|
Plant and machinery
|
Fixtures and fittings
|
Motor vehicles
|
Total
|
£
|
£
|
£
|
£
|
£
|
|
Cost
|
|||||
At 1 April 2019
|
|
|
|
–
|
|
Additions
|
|
–
|
|
|
|
-------------
|
---------
|
---------
|
--------
|
-------------
|
|
At 31 March 2020
|
|
|
|
|
|
-------------
|
---------
|
---------
|
--------
|
-------------
|
|
Depreciation
|
|||||
At 1 April 2019
|
|
|
|
–
|
|
Charge for the year
|
|
|
|
|
|
-------------
|
---------
|
---------
|
--------
|
-------------
|
|
At 31 March 2020
|
|
|
|
|
|
-------------
|
---------
|
---------
|
--------
|
-------------
|
|
Carrying amount
|
|||||
At 31 March 2020
|
|
|
|
|
|
-------------
|
---------
|
---------
|
--------
|
-------------
|
|
At 31 March 2019
|
|
|
|
–
|
|
-------------
|
---------
|
---------
|
--------
|
-------------
|
|
Company
|
Shares in group undertakings
|
£
|
|
Cost
|
|
At 1 April 2019
|
|
Additions
|
|
------------
|
|
At 31 March 2020
|
|
------------
|
|
Impairment
|
|
At 1 April 2019 and 31 March 2020
|
–
|
------------
|
|
Carrying amount
|
|
At 31 March 2020
|
|
------------
|
|
At 31 March 2019
|
|
------------
|
|
Class of share
|
Percentage of shares held
|
|
Subsidiary undertakings
|
||
|
Ordinary
|
100
|
|
Ordinary
|
100
|
|
Ordinary
|
100
|
|
Ordinary
|
100
|
|
Ordinary
|
100
|
|
Ordinary
|
100
|
|
Ordinary
|
100
|
|
Ordinary
|
100
|
|
Ordinary
|
100
|
|
Ordinary
|
100
|
|
Ordinary
|
100
|
|
Ordinary
|
100
|
2020
|
||
£
|
||
Fixed assets
|
2,838,112
|
|
Current assets
|
213,406
|
|
Current liabilities
|
1,826,144
|
|
Total
|
1,225,374
|
|
2020
|
||
£
|
||
Consideration
|
1,013,001
|
|
Acquisition costs
|
63,549
|
|
Total
|
1,076,550
|
|
2020
|
||
£
|
||
Negative Goodwill arising on consolidation
|
148,824
|
|
Group
|
Company
|
|||
2020
|
2019
|
2020
|
2019
|
|
£
|
£
|
£
|
£
|
|
Liquor and Food
|
|
|
–
|
–
|
---------
|
---------
|
----
|
----
|
|
Group
|
Company
|
|||
2020
|
2019
|
2020
|
2019
|
|
£
|
£
|
£
|
£
|
|
Trade debtors
|
|
–
|
–
|
–
|
Amounts owed by group undertakings
|
–
|
–
|
|
|
Prepayments and accrued income
|
|
|
|
|
Directors loan account
|
–
|
–
|
|
–
|
Other debtors
|
|
|
|
|
---------
|
---------
|
------------
|
---------
|
|
|
|
|
|
|
---------
|
---------
|
------------
|
---------
|
|
Group
|
Company
|
|||
2020
|
2019
|
2020
|
2019
|
|
£
|
£
|
£
|
£
|
|
Bank loans and overdrafts
|
|
|
|
|
Trade creditors
|
|
|
|
|
Amounts owed to group undertakings
|
–
|
–
|
|
|
Accruals and deferred income
|
|
|
|
|
Social security and other taxes
|
|
|
|
|
Director loan accounts
|
|
|
–
|
–
|
Other creditors
|
|
|
|
|
------------
|
------------
|
------------
|
------------
|
|
|
|
|
|
|
------------
|
------------
|
------------
|
------------
|
|
Group
|
Company
|
|||
2020
|
2019
|
2020
|
2019
|
|
£
|
£
|
£
|
£
|
|
Bank loans and overdrafts
|
|
|
|
|
Director loan accounts
|
|
|
–
|
–
|
Loan Notes and Liquidity Options
|
|
|
|
|
-------------
|
------------
|
-------------
|
------------
|
|
|
|
|
|
|
-------------
|
------------
|
-------------
|
------------
|
|
£
|
||
Bank Loans due after one year but less than five years
|
9,241,641
|
|
Bank Loan due after five years
|
1,583,787
|
|
-------------
|
||
10,825,428
|
||
-------------
|
||
2020 | 2019 | ||
£ | £ | ||
Trade Debtors | 2,228 | – | |
Other Debtors | 64,904 | 34,758 | |
Cash at Bank | 854,865 | 1,325,902 | |
--------- | ------------ | ||
Total | 921,997 | 1,360,660 | |
--------- | ------------ | ||
2020 | 2019 | ||
£ | £ | ||
Bank loans and overdrafts | 10,990,876 | 7,196,431 | |
Other loans | 2,971,759 | 2,367,102 | |
Trade creditors | 725,298 | 750,758 | |
Other creditors | 316,255 | 353,757 | |
------------- | ------------- | ||
Total | 15,004,188 | 10,668,048 | |
------------- | ------------- | ||
2020
|
2019
|
|||
No.
|
£
|
No.
|
£
|
|
|
|
5,611,220
|
|
5,611,220
|
|
|
100
|
|
100
|
|
|
1,580,517
|
|
1,180,586
|
|
|
953,599
|
–
|
–
|
------------
|
------------
|
------------
|
------------
|
|
|
8,145,436
|
|
6,791,906
|
|
------------
|
------------
|
------------
|
------------
|
|
No. | £ | ||
Ordinary C Class | |||
At 1 April 2019 | 1,180,586 | 1,180,586 | |
Shares issued | 399,931 | 399,931 | |
------------ | ------------ | ||
At 31 March 2020 | 1,580,517 | 1,580,517 | |
------------ | ------------ | ||
No | £ | ||
£ | £ | ||
Ordinary D Class | |||
At 1 April 2019 | |||
Shares Issued | 953,599 | 953,599 | |
At 31 March 2020 | 953,599 | 953,599 | |
At 1 Apr 2019
|
Cash flows
|
Other changes
|
At 31 Mar 2020
|
|
£
|
£
|
£
|
£
|
|
Cash at bank and in hand
|
1,325,902
|
(2,982,732)
|
2,511,695
|
854,865
|
Debt due within one year
|
(270,173)
|
97,691
|
–
|
(172,482)
|
Debt due after one year
|
(6,937,360)
|
(3,888,428)
|
–
|
(10,825,788)
|
------------
|
------------
|
------------
|
-------------
|
|
(
|
(
|
|
(
|
|
------------
|
------------
|
------------
|
-------------
|
|
|
Notes to the Financial Statements (continued)
|
2020
|
||||
Balance brought forward
|
Advances/ (credits) to the directors
|
Balance outstanding
|
||
£
|
£
|
£
|
||
|
(
|
|
(
|
|
--------
|
-------
|
-------
|
||
2019
|
||||
Balance brought forward
|
Advances/ (credits) to the directors
|
Balance outstanding
|
||
£
|
£
|
£
|
||
|
(
|
–
|
(
|
|
--------
|
----
|
--------
|
||