Registered number | |
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Report and Unaudited Accounts | ||
for the year ended | ||
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Company Information
Directors' Report
The directors submit the report and financial statements for the year ended
Directors
The directors shown below held office during the whole of the accounting period:
M Peat
The directors shown below were appointed to the company during the period:
N Kelly (appointed 26 January 2021)
A Wilton (appointed 26 January 2021)
The directors shown below resigned during the period:
S Morris (resigned on 19 January 2021)
K Rees- Doherty (resigned on 1 December 2020)
M Bailey (resigned on 13 January 2021)
This report was approved by the board on
..........................
N Kelly
Director
Profit and Loss Account
for the year ended
Notes | 2021 £ |
2020 £ |
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Turnover | 1 |
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Cost of sales |
( |
( |
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Gross profit |
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Administrative expenses |
( |
( |
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Operating profit/(loss) |
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Interest payable and similar charges |
( |
( |
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Profit/(loss) on ordinary activities before taxation | 2 |
( |
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Tax on ordinary activities |
( |
( |
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Profit/(loss) on ordinary activities after taxation |
( |
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Balance Sheet as at |
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Notes |
2021 £ |
2020 £ |
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Called up share capital not paid |
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Fixed assets | |||||
Tangible assets | 5 |
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Investments | 6 |
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Current assets | |||||
Stocks |
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Debtors | 7 |
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Cash at bank and in hand |
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Prepayments and accrued income: |
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Creditors: amounts falling due within one year | 8 | ( |
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Net current assets / (liabilities) | ( |
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Total assets less current liabilities |
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Creditors: amounts falling due after more than one year | 9 | ( |
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Provisions for liabilities | ( |
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Accruals and deferred income | ( |
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Total net assets (liabilities) |
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Capital and reserves | |||||
Called up share capital |
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Share premium account |
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Profit and loss account | ( |
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Shareholders' funds |
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Balance Sheet
as at
Signed on behalf of the board of directors
...............................
N Kelly
Director
Approved by the board on
Company Number: 10320006 (a Private Company Limited by Shares registered in England and Wales)
Registered Office:
4th Floor
Statement of Change in Equity
for the year ended
Retained Earnings | Share Capital | Share Premium | Total | |||||
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For the year ending 30 September 2020: |
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Balance brought forward | (835,864) | 800,001 | 32,847,100 |
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Share issues (net fair value) |
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Profit for the period | 91,550 | 91,550 | ||||||
Balance carried forward | ( |
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For the year ending 30 September 2021: |
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Balance brought forward | (744,314) | 800,001 | 33,277,100 |
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Share issues (net fair value) | 668,500 |
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Profit for the period | (69,061) | (69,061) | ||||||
Balance carried forward | ( |
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Notes to the Accounts
for the year ended
1. | Accounting policies |
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Basis of preparation of financial statements |
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Changes in accounting standards, policies and estimates The transition to a new accounting standard has resulted to some changes in the accounting policies. The nature of these changes, and any impact on the values displayed for the comparative period, are explained in the notes below where applicable. |
Going concern basis | |
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The accounts have been prepared on the assumption that the company is able to carry on business as a going concern for the foreseeable future. |
Revenue recognition | |
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Tangible fixed assets depreciation policy | |||||||
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Stocks | |
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2. | Profit or loss | |||
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Profit before tax is stated after charging the following: |
2021 |
2020 |
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£ | £ | |||
Depreciation - owned assets |
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Directors' remuneration |
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3. | Directors' remuneration | |||
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2021 | 2020 | |||
£ | £ | |||
Directors' salaries | 88,853 | 37,201 | ||
Total |
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4. | Employees | |||
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2021 | 2020 | |||
Average number of employees during the period |
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5. | Tangible fixed assets | |||||||||||||
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Computer equipment | Fixtures & fittings | Land | Land & buildings | Other | Plant & machinery | Total | ||||||||
Cost or valuation | £ | £ | £ | £ | £ | £ | £ | |||||||
At 1 October 2020 |
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Additions |
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At 30 September 2021 |
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Depreciation | ||||||||||||||
At 1 October 2020 |
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Charge for the period |
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At 30 September 2021 |
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Net book value | ||||||||||||||
At 30 September 2021 |
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At 30 September 2020 |
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6. | Investments | |||
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Shares in subsidiary undertakings | Total | |||
£ | £ | |||
Carrying amount at 1 October 2020 |
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Carrying amount at 30 September 2021 |
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7. | Debtors | |||
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2021 | 2020 | |||
£ | £ | |||
Trade debtors |
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Amounts owed by group undertakings and participating interests |
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Other debtors |
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8. | Creditors: amounts falling due within one year | |||
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2021 | 2020 | |||
£ | £ | |||
Bank Loans & Overdrafts |
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Trade creditors |
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Other creditors |
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9. | Creditors: amounts falling due after one year | |||
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2021 | 2020 | |||
£ | £ | |||
Bank Loans & overdrafts |
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10. | Other information |
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Share capital |
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. | . | 2021 £ |
. | 2020 £ |
Sales | ||||
Continuing Operations | ||||
Turnover | 794,273 | 1,106,576 | ||
794,273 | 1,106,576 | |||
Cost of Sales | ||||
Opening finished goods and goods for resale | 32,327 | 32,327 | ||
Purchases | 56,770 | 48,716 | ||
Direct costs | 102,845 | 125,638 | ||
Less: Closing finished goods and goods for resale | (32,327) | (32,327) | ||
159,615 | 174,354 | |||
Administrative Expenses | ||||
Staff Costs | ||||
Wages and salaries | 76,169 | 135,880 | ||
Directors' remuneration | 88,853 | 37,201 | ||
Staff travel and subsistence expenses | 10,271 | 4,047 | ||
175,293 | 177,128 | |||
General | ||||
Business insurance | 31,545 | 18,900 | ||
Depreciation of tangible fixed assets | 2,432 | 2,545 | ||
Sundry expenses | 4,819 | 9,447 | ||
Other office costs | 9,980 | 6,944 | ||
48,776 | 37,836 | |||
Legal & Professional | ||||
Management fees | 65,132 | 79,822 | ||
Consultancy fees | 30,929 | 64,955 | ||
Legal fees | 6,202 | 15,892 | ||
102,263 | 160,669 | |||
Finance Charges | ||||
Bank charges | 1,077 | 1,013 | ||
1,077 | 1,013 | |||
327,409 | 376,646 | |||
. | ||||
Operating Profit | 307,249 | 555,576 |