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:
Mr N Kelly
Mr A Wilton
The directors shown below were appointed to the company during the period:
Mr A Marcham (appointed 1 October 2021)
The directors shown below resigned during the period:
Mr A Marcham (resigned on 27 May 2022)
Other Information:
Directors subsequently appointed to or retired from the Board are as follows:
Lord Michael Hintze (Appointed 16 May 2023)
Sir Michael Peat (Appointed 1 May 2023)
Mr A Wilton (Retired 1 May 2023)
This report was approved by the board on
..........................
Mr N Kelly
Director
Profit and Loss Account
for the year ended
Notes | 2022 £ |
2021 £ |
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Turnover |
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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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Profit on the disposal of fixed assets | 729,369 | 0 | |||
Total other income | 729,369 | 0 | |||
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 |
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2021 £ |
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Called up share capital not paid |
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Fixed assets | |||||
Tangible assets | 6 |
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Investments | 7 |
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Current assets | |||||
Stocks |
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Debtors | 8 |
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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 | 9 | ( |
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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 | 10 | ( |
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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
...............................
Mr 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 2021: |
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Balance brought forward | (744,314) | 800,001 | 33,277,100 |
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Share issues (net fair value) |
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Profit for the period | (69,061) | (69,061) | ||||||
Balance carried forward | ( |
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For the year ending 30 September 2022: |
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Balance brought forward | (813,375) | 800,001 | 33,945,600 |
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Share issues (net fair value) | 884,854 |
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Profit for the period | 604,359 | 604,359 | ||||||
Transfers | ( |
(8,500,000) | ||||||
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 |
Tangible fixed assets depreciation policy | |||||||
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2. | Profit or loss | |||
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Profit before tax is stated after charging the following: |
2022 |
2021 |
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£ | £ | |||
Depreciation - owned assets |
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Directors' remuneration |
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3. | Directors' remuneration | |||
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2022 | 2021 | |||
£ | £ | |||
Directors' salaries | 75,406 | 88,853 | ||
Total |
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4. | Employees | |||
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2022 | 2021 | |||
Average number of employees during the period |
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5. | Income or expenditure of exceptional size or incidence |
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6. | Tangible fixed assets | |||||||||||||
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Computer equipment | Fixtures & fittings | Land | Land & buildings | Other | Plant & machinery | Total | ||||||||
Cost or valuation | £ | £ | £ | £ | £ | £ | £ | |||||||
At 1 October 2021 |
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Additions |
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At 30 September 2022 |
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Depreciation | ||||||||||||||
At 1 October 2021 |
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Charge for the period |
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At 30 September 2022 |
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Net book value | ||||||||||||||
At 30 September 2022 |
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At 30 September 2021 |
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7. | Investments | |||
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Shares in subsidiary undertakings | Total | |||
£ | £ | |||
Carrying amount at 1 October 2021 |
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Disposals | (12,683,959) | (12,683,959) | ||
Carrying amount at 30 September 2022 |
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The Company's investment was disposed of during the year. |
8. | Debtors | |||
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2022 | 2021 | |||
£ | £ | |||
Trade debtors |
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Amounts owed by group undertakings and participating interests |
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Other debtors |
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9. | Creditors: amounts falling due within one year | |||
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2022 | 2021 | |||
£ | £ | |||
Bank Loans & Overdrafts |
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Trade creditors |
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Other creditors |
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10. | Creditors: amounts falling due after one year | |||
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2022 | 2021 | |||
£ | £ | |||
Bank Loans & overdrafts |
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11. | Dividends | |||
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2022 | 2021 | |||
£ | £ | |||
Total dividend payment |
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12. | Other information |
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Share capital |
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. | . | 2022 £ |
. | 2021 £ |
Sales | ||||
Continuing Operations | ||||
Turnover | 820,534 | 794,273 | ||
820,534 | 794,273 | |||
Cost of Sales | ||||
Opening finished goods and goods for resale | 32,327 | 32,327 | ||
Purchases | 48,738 | 56,770 | ||
Direct costs | 160,513 | 102,845 | ||
Less: Closing finished goods and goods for resale | (32,327) | (32,327) | ||
209,251 | 159,615 | |||
Administrative Expenses | ||||
Staff Costs | ||||
Wages and salaries | 57,837 | 76,169 | ||
Directors' remuneration | 75,406 | 88,853 | ||
Staff travel and subsistence expenses | 13,962 | 10,271 | ||
147,205 | 175,293 | |||
General | ||||
Business insurance | 24,253 | 31,545 | ||
Depreciation of tangible fixed assets | 1,894 | 2,432 | ||
Sundry expenses | - | 4,819 | ||
Other office costs | 24,456 | 9,980 | ||
50,603 | 48,776 | |||
Legal & Professional | ||||
Management fees | 64,889 | 65,132 | ||
Consultancy fees | 40,634 | 30,929 | ||
Legal fees | 15,584 | 6,202 | ||
121,107 | 102,263 | |||
Finance Charges | ||||
Bank charges | 1,147 | 1,077 | ||
1,147 | 1,077 | |||
320,062 | 327,409 | |||
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Operating Profit | 291,221 | 307,249 |