Statement of Directors' responsibilities |
The directors are responsible for preparing the Directors Report and the financial statements in accordance with applicable law and regulations. Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare financial statements in accordance with United Kingdom Generally Accepted Accounting Practice and applicable law. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. |
In preparing these financial statements, the directors are required to |
a) select suitable accounting policies and then apply them consistently |
b) make judgements and estimates that are reasonable and prudent |
c) prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business. |
The directors are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. |
|
Unaudited Financial Statements |
Income Statement |
for the year ended 31 January 2023 |
|
| 2023 | 2022 |
| £ | £ |
|
Turnover | | 6,623,658 | 4,650,620 |
Cost of sales | (6,135,087) | (4,037,237) |
| |
Gross profit | | 488,571 | | 613,383 |
| |
Distribution costs | - | - |
Administrative expenses | (383,535) | (130,595) |
| |
Operating profit | | 105,037 | | 482,788 |
| |
Interest received/receivable | 2 | 2 |
Interest paid/payable | | - | 2 |
| |
Profit (Loss) on Ordinary Activities before Tax | | 105,039 | | 482,793 |
Tax on profit on ordinary activities | | - | (7,555) |
Profit (Loss) on Ordinary Activities after Tax | | | 105,039 | | 475,238 |
Non-Taxable Income | | - | - |
| |
Profit (Loss) for the financial year | | | 105,039 | | 475,238 |
| |
| |
|
Statement of Comprehensive Income |
for the year ended 31 January 2023 |
|
| 2023 | 2022 |
| £ | £ |
|
Profit for the financial year | | 105,039 | 475,238 |
Currency translation differences on foreign currency net investments | - | - |
Unrealised Gain (loss) investments | - | - |
Total comprehensive income for the financial year | | 105,039 | 475,238 |
|
Statement of Financial Position |
at 31 January 2023 |
| 2023 | 2022 |
| £ | £ |
Fixed Assets |
Intangible assets | | - | - |
Tangible assets | | 195,079 | 41,662 |
Investments | | 508,030 | 443,030 |
| | 703,109 | | 484,692 |
Current assets |
Stocks | | - | - |
Debtors | | 2,359,123 | 863,742 |
Cash at bank and in hand | 32,291 | 70,956 |
Other | - | - |
| | 2,391,414 | | 934,699 |
Creditors: amounts falling due within one year | 4 | (2,252,591) | (823,982) |
Net current assets | | 138,823 | | 110,717 |
| |
Total assets less current liabilities | | 841,932 | | 595,408 |
| |
Creditors: amounts falling due after more than one year | | (91,766) | (38,504) |
Deferred tax liability | (-) | (-) |
Other Provisions for Liabilities | (-) | (-) |
| |
Net Assets | | 750,166 | | 556,905 |
| |
Capital and Reserves |
Called up Share Capital | 5 | 1 | 1 |
Share Premium | | - | - |
Profit and Loss account | | 750,165 | 556,904 |
| |
Total Equity | | | 750,166 | | 556,905 |
|
Statement of Accordance with Small Companies regime, and Audit not required |
The directors confirm that financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities. |
The directors confirm that the Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies. |
The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476. No audit has been obtained |
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
Other Footnotes |
None |
|
Signature of Statement of Financial Position |
| |
Signed by |
Director | Mark Phillip Humphreys |
Approved by the board, | 9 October 2023 |
| |
|
4. Analysis of Creditors |
Short term creditors : Trade Creditors |
| 2023 | 2022 |
| £ | £ |
| 2,240,379 | 803,476 |
Short term creditors : Accruals |
| 2023 | 2022 |
| £ | £ |
| - | - |
Short term creditors : Bank Overdraft |
| 2023 | 2022 |
| £ | £ |
| - | - |
Short term creditors : Other Loan/HP |
| 2023 | 2022 |
| £ | £ |
| - | - |
Short term creditors : Corporation Tax |
| 2023 | 2022 |
| £ | £ |
| 0 | 7,555 |
Short term creditors : VAT/Social Security |
| 2023 | 2022 |
| £ | £ |
| 7,754 | 11,376 |
Short term creditors : Dividends |
| 2023 | 2022 |
| £ | £ |
| - | - |
Short term creditors : Others |
| 2023 | 2022 |
| £ | £ |
| 4,458 | 1,575 |
Group Undertakings |
| 2023 | 2022 |
| £ | £ |
| - | - |
Long term creditors (incl. Directors Loans) |
| 2023 | 2022 |
| £ | £ |
| 91,766 | 38,504 |
|