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Financial Statements
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Contents
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Page
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Strategic report
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1
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Directors' report
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3
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Independent auditor's report to the members
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5
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Consolidated statement of comprehensive income
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9
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Consolidated statement of financial position
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10
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Company statement of financial position
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11
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Consolidated statement of changes in equity
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12
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Company statement of changes in equity
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13
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Consolidated statement of cash flows
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14
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Notes to the financial statements
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15
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Strategic Report
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30/04/2022 | ||
Gross Profit % | 49 | |
EBITDA % | 33 | |
Operating Profit % | 3 | |
Loss for the period % | 36 | |
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Director
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Registered office:
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England
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Directors' Report
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(Appointed
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(Appointed
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(Appointed
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(Appointed
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(Appointed
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(Appointed
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(Served from 22 March 2021 to 2 June 2021)
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(Served from 22 March 2021 to 2 June 2021)
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(Served from 16 December 2020 to 22 March 2021)
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(Served from 16 December 2020 to 22 March 2021)
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Director
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Registered office:
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England
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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 & statutory auditor
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Camburgh House
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27 New Dover Road
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Canterbury
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Kent
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CT1 3DN
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Consolidated Statement of Comprehensive Income
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Period from
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16 Dec 20 to
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30 Apr 22
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Note
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£
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Turnover
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4
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Cost of sales
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(
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------------
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Gross profit
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Administrative expenses
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(
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Other operating income
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5
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------------
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Operating profit
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6
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Other interest receivable and similar income
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10
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Interest payable and similar expenses
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11
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(
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------------
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Loss before taxation
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(
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Tax on loss
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12
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(
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------------
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Loss for the financial period and total comprehensive income
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(
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------------
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Consolidated Statement of Financial Position
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30 Apr 22
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Note
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£
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Intangible assets
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13
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Tangible assets
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14
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-------------
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Stocks
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16
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Debtors
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17
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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
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18
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------------
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Net current assets
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-------------
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Total assets less current liabilities
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Creditors: amounts falling due after more than one year
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19
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Provisions
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21
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-------------
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Net liabilities
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(
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-------------
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Called up share capital
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24
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Share premium account
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25
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Profit and loss account
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25
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(
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------------
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Shareholders deficit
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(
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------------
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Director
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Company Statement of Financial Position
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30 Apr 22
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Note
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£
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Investments
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15
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Debtors
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17
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Creditors: amounts falling due within one year
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18
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--------
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Net current assets
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--------
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Total assets less current liabilities
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--------
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Called up share capital
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24
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Share premium account
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25
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--------
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Shareholders funds
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--------
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Director
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Consolidated Statement of Changes in Equity
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Called up share capital
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Share premium account
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Profit and loss account
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Total
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£
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£
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£
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£
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At 16 December 2020
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–
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–
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–
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–
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Loss for the period
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(
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(
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----
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----
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------------
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------------
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Total comprehensive income for the period
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–
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–
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(
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(
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Issue of shares
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–
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----
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--------
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----
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--------
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Total investments by and distributions to owners
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–
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----
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--------
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------------
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------------
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At 30 April 2022
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(
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(2,332,463)
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----
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--------
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------------
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Company Statement of Changes in Equity
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Called up share capital
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Share premium account
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Profit and loss account
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Total
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£
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£
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£
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£
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Profit for the period
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–
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–
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Issue of shares
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–
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----
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--------
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----
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--------
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Total investments by and distributions to owners
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–
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----
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--------
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----
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--------
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At 30 April 2022
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–
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----
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--------
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----
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--------
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Consolidated Statement of Cash Flows
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30 Apr 22
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£
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Loss for the financial period
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(
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Adjustments for:
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Depreciation of tangible assets
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Amortisation of intangible assets
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Government grant income
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(
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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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Gains on disposal of tangible assets
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(
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Tax on profit
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Accrued expenses
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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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Cash generated from operations
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Interest paid
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(
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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 from operating activities
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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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Purchase of intangible assets
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(
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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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Proceeds from issue of ordinary shares
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Proceeds from borrowings
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Government grant income
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Increase in hire purchase liabilities
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-------------
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Net cash from financing activities
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-------------
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Net increase in cash and cash equivalents
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Cash and cash equivalents at beginning of period
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–
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------------
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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
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Goodwill
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-
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Fixtures and fittings
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-
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Motor vehicles
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-
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Equipment
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-
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FTTP Infrastructure
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-
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Period from
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16 Dec 20 to
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30 Apr 22
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£
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Sale of goods and services
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------------
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Period from
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16 Dec 20 to
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30 Apr 22
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£
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Government grant income
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Other operating income
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---------
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---------
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Period from
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16 Dec 20 to
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30 Apr 22
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£
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Amortisation of intangible assets
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Depreciation of tangible assets
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Gains on disposal of tangible assets
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(
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Impairment of trade debtors
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18,000
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Foreign exchange differences
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------------
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Period from
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16 Dec 20 to
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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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Taxation compliance services
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Other non-audit services
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--------
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29,000
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--------
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30 Apr 22
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No.
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Production staff
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Management staff
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5
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----
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----
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Period from
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16 Dec 20 to
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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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------------
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------------
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Period from
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16 Dec 20 to
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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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16 Dec 20 to
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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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16 Dec 20 to
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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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16 Dec 20 to
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30 Apr 22
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£
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Interest on banks loans and overdrafts
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Other interest payable and similar charges
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|
------------
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------------
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Period from
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16 Dec 20 to
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30 Apr 22
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£
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Adjustments in respect of prior periods
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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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16 Dec 20 to
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30 Apr 22
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£
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Loss on ordinary activities before taxation
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(
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------------
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Loss on ordinary activities by rate of tax
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(
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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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Disposal of fixed assets
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Amortisation
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Loan interest
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329,558
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Research and development enhanced expenditure relief
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(
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Deferred tax
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|
------------
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Tax on profit
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------------
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Group
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Goodwill
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£
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Cost
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At 16 December 2020
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–
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Acquisitions through business combinations
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-------------
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At 30 April 2022
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-------------
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Amortisation
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At 16 December 2020
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–
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Charge for the period
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-------------
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At 30 April 2022
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-------------
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Carrying amount
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At 30 April 2022
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-------------
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Group
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Fixtures and fittings
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Motor vehicles
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Equipment
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FTTP Infrastructure
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Total
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£
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£
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£
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£
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£
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Cost
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|||||
At 16 December 2020
|
–
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–
|
–
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–
|
–
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Additions
|
|
|
|
|
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Disposals
|
–
|
(
|
–
|
–
|
(
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------------
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---------
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---------
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---------
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------------
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At 30 April 2022
|
|
|
|
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------------
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---------
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---------
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---------
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------------
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Depreciation
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|||||
At 16 December 2020
|
–
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–
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–
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–
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–
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Charge for the period
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|
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9,694
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Disposals
|
–
|
(
|
–
|
–
|
(
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------------
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---------
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---------
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---------
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------------
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At 30 April 2022
|
|
|
|
|
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------------
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---------
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---------
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---------
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------------
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Carrying amount
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|||||
At 30 April 2022
|
|
|
|
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|
------------
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---------
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---------
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---------
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------------
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Company
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Shares in group undertakings
|
£
|
|
Cost
|
|
At 16 December 2020
|
–
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Additions
|
|
----
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At 30 April 2022
|
|
----
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Impairment
|
|
At 16 December 2020 and 30 April 2022
|
–
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----
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Carrying amount
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|
At 30 April 2022
|
|
----
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Registered office
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Class of share
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Percentage of shares held
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Subsidiary undertakings
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|||
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County House, Station Approach, Bekesbourne, Canterbury, Kent, CT4 5DT
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Ordinary
|
100
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County House, Station Approach, Bekesbourne, Canterbury, Kent, CT4 5DT
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Ordinary
|
100
|
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County House, Station Approach, Bekesbourne, Canterbury, Kent, CT4 5DT
|
Ordinary
|
100
|
|
County House, Station Approach, Bekesbourne, Canterbury, Kent, CT4 5DT
|
Ordinary
|
100
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County House, Station Approach, Bekesbourne, Canterbury, Kent, CT4 5DT
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Ordinary
|
100
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County House, Station Approach, Bekesbourne, Canterbury, Kent, CT4 5DT
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Ordinary
|
100
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County House, Station Approach, Bekesbourne, Canterbury, Kent, CT4 5DT
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Ordinary
|
100
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|
County House, Station Approach, Bekesbourne, Canterbury, Kent, CT4 5DT
|
Ordinary
|
100
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Group
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Company
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|
30 Apr 22
|
30 Apr 22
|
|
£
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£
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|
Hardware and consumables
|
|
–
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---------
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----
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Group
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Company
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|
30 Apr 22
|
30 Apr 22
|
|
£
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£
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|
Trade debtors
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|
–
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Amounts owed by group undertakings
|
–
|
|
Prepayments and accrued income
|
|
–
|
Corporation tax repayable
|
|
–
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Other debtors
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|
–
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------------
|
--------
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|
|
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------------
|
--------
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Group
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Company
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|
30 Apr 22
|
30 Apr 22
|
|
£
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£
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Trade creditors
|
|
–
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Amounts owed to group undertakings
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–
|
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Accruals and deferred income
|
|
–
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Social security and other taxes
|
|
–
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Obligations under finance leases and hire purchase contracts
|
|
–
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Other creditors
|
|
–
|
------------
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----
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|
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------------
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----
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Group
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Company
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|
30 Apr 22
|
30 Apr 22
|
|
£
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£
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|
Loan notes
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|
–
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Obligations under finance leases and hire purchase contracts
|
|
–
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-------------
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----
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|
–
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-------------
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----
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Group
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Company
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30 Apr 22
|
30 Apr 22
|
|
£
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£
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|
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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|
---------
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----
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Group
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Deferred tax (note 22)
|
£
|
|
At 16 December 2020
|
–
|
Additions
|
|
---------
|
|
At 30 April 2022
|
|
---------
|
|
Group
|
Company
|
|
30 Apr 22
|
30 Apr 22
|
|
£
|
£
|
|
Included in provisions (note 21)
|
|
–
|
---------
|
----
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|
Group
|
Company
|
|
30 Apr 22
|
30 Apr 22
|
|
£
|
£
|
|
Accelerated capital allowances
|
|
–
|
---------
|
----
|
|
Group
|
Company
|
|
30 Apr 22
|
30 Apr 22
|
|
£
|
£
|
|
Government grants recognised directly in income
|
|
–
|
--------
|
----
|
|
30 Apr 22
|
||
No.
|
£
|
|
|
|
485
|
|
|
440
|
|
|
50
|
--------
|
----
|
|
|
975
|
|
--------
|
----
|
|
30 Apr 22
|
||
No.
|
£
|
|
|
|
485
|
|
|
440
|
|
|
50
|
--------
|
----
|
|
|
975
|
|
--------
|
----
|
|
30 Apr 22
|
||
No.
|
£
|
|
At 16 Dec 2020
|
Cash flows
|
At 30 Apr 2022
|
|
£
|
£
|
£
|
|
Cash at bank and in hand
|
–
|
2,410,548
|
|
Debt due within one year
|
–
|
(114,123)
|
(114,123)
|
Debt due after one year
|
–
|
(21,678,745)
|
(21,678,745)
|
----
|
-------------
|
-------------
|
|
–
|
(
|
(
|
|
----
|
-------------
|
-------------
|
|