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FOR THE YEAR ENDED
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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
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5
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Independent auditor's report to the members
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7
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Statement of comprehensive income
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11
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Statement of financial position
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12
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Statement of changes in equity
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13
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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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OFFICERS AND PROFESSIONAL ADVISERS
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THE BOARD OF DIRECTORS
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REGISTERED OFFICE
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England
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AUDITOR
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Chartered accountants & statutory auditor
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20-22 Bridge End
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Leeds
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LS1 4DJ
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STRATEGIC REPORT
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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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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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20-22 Bridge End
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Leeds
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LS1 4DJ
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STATEMENT OF COMPREHENSIVE INCOME
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Period from
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|||
Year to
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31 Jan 19 to
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29 Jan 21
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29 Jan 20
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Note
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£
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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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-------------
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-------------
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GROSS PROFIT
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|
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Distribution costs
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(
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(
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Administrative expenses
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(
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(
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Other operating income
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5
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|
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------------
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------------
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||
OPERATING PROFIT
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6
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Interest payable and similar expenses
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9
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(
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(
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------------
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------------
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PROFIT BEFORE TAXATION
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Tax on profit
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10
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(
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(
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--------
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---------
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PROFIT FOR THE FINANCIAL YEAR AND TOTAL COMPREHENSIVE INCOME
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--------
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---------
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||
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STATEMENT OF FINANCIAL POSITION
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2021
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2020
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|||
Note
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£
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£
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£
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£
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Intangible assets
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11
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|
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Tangible assets
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12
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||
---------
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---------
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||||
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||||
Stocks
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13
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Debtors
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14
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Cash at bank and in hand
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|||
------------
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------------
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||||
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||||
CREDITORS: amounts falling due within one year
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15
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(
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(
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------------
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------------
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NET CURRENT ASSETS
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------------
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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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16
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(
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(
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PROVISIONS
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18
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(
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(
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------------
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------------
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||||
NET ASSETS
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|||
------------
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------------
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||||
Called up share capital
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22
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Profit and loss account
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---------
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---------
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SHAREHOLDERS FUNDS
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---------
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---------
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||||
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Director
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STATEMENT OF CHANGES IN EQUITY
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Called up share capital
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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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AT 31 JANUARY 2019
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Profit for the year
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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 YEAR
|
–
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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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TOTAL INVESTMENTS BY AND DISTRIBUTIONS TO OWNERS
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–
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AT 29 JANUARY 2020
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Profit for the year
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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 YEAR
|
–
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|
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----
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---------
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---------
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AT 29 JANUARY 2021
|
|
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----
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---------
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---------
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STATEMENT OF CASH FLOWS
|
2021
|
2020
|
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£
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£
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Profit for the financial year
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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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–
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Interest payable and similar expenses
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|
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Gains on disposal of tangible assets
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(
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(
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Tax on profit
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17,937
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83,534
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Accrued income
|
(
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(
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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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---------
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Cash generated from operations
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(
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Interest paid
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(
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(
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Tax received/(paid)
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(
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---------
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---------
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Net cash from/(used in) operating activities
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(
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---------
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---------
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Purchase of tangible assets
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(
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(
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Proceeds from sale of tangible 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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---------
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---------
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Proceeds from issue of ordinary shares
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–
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Proceeds from borrowings
|
(
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Proceeds from loans from group undertakings
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(
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(
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Government grant income
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–
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Payments of finance lease liabilities
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–
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------------
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---------
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Net cash from financing activities
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------------
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---------
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NET INCREASE/(DECREASE) IN CASH AND CASH EQUIVALENTS
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|
(
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CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR
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273,861
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416,462
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---------
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---------
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CASH AND CASH EQUIVALENTS AT END OF YEAR
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|
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---------
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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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Leasehold Property Improvements
|
-
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Website
|
-
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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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Office Equipment
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-
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Period from
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Year to
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31 Jan 19 to
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29 Jan 21
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29 Jan 20
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£
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£
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|
Sale of goods
|
|
|
-------------
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-------------
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|
Period from
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||
Year to
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31 Jan 19 to
|
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29 Jan 21
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29 Jan 20
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|
£
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£
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|
Commission receivable
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|
–
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Government grant income
|
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–
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Insurance claims receivable
|
|
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Other operating income
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|
|
------------
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------------
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------------
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------------
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Period from
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Year to
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31 Jan 19 to
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29 Jan 21
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29 Jan 20
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|
£
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£
|
|
Amortisation of intangible assets
|
|
|
Depreciation of tangible assets
|
|
|
Gains on disposal of tangible assets
|
(
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(
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Impairment of trade debtors
|
–
|
106,373
|
---------
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---------
|
|
Period from
|
||
Year to
|
31 Jan 19 to
|
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29 Jan 21
|
29 Jan 20
|
|
£
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£
|
|
Fees payable for the audit of the financial statements
|
|
|
-------
|
-------
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|
2021
|
2020
|
|
No.
|
No.
|
|
Production staff
|
|
|
Distribution staff
|
|
|
Administrative staff
|
|
|
----
|
----
|
|
|
|
|
----
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----
|
|
Period from
|
||
Year to
|
31 Jan 19 to
|
|
29 Jan 21
|
29 Jan 20
|
|
£
|
£
|
|
Wages and salaries
|
|
|
Social security costs
|
|
|
Other pension costs
|
|
|
------------
|
------------
|
|
|
|
|
------------
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------------
|
|
Period from
|
||
Year to
|
31 Jan 19 to
|
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29 Jan 21
|
29 Jan 20
|
|
£
|
£
|
|
Interest on obligations under finance leases and hire purchase contracts
|
|
–
|
Other interest payable
|
|
|
--------
|
--------
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|
|
|
|
--------
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--------
|
|
Period from
|
||
Year to
|
31 Jan 19 to
|
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29 Jan 21
|
29 Jan 20
|
|
£
|
£
|
|
UK current tax expense
|
–
|
|
Adjustments in respect of prior periods
|
–
|
(
|
Corporation tax refund
|
(
|
–
|
----
|
--------
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|
Total current tax
|
(
|
|
----
|
--------
|
|
Origination and reversal of timing differences
|
|
|
--------
|
--------
|
|
Tax on profit
|
17,937
|
83,534
|
--------
|
--------
|
|
Period from
|
||
Year to
|
31 Jan 19 to
|
|
29 Jan 21
|
29 Jan 20
|
|
£
|
£
|
|
Profit on ordinary activities before taxation
|
|
|
--------
|
---------
|
|
Profit on ordinary activities by rate of tax
|
|
|
Adjustment to tax charge in respect of prior periods
|
–
|
(
|
Effect of expenses not deductible for tax purposes
|
|
|
Effect of capital allowances and depreciation
|
(
|
(
|
Group loss relief
|
–
|
(
|
--------
|
---------
|
|
Tax on profit
|
(863)
|
69,804
|
--------
|
---------
|
|
Goodwill
|
|
£
|
|
Cost
|
|
At 30 January 2020 and 29 January 2021
|
|
---------
|
|
Amortisation
|
|
At 30 January 2020
|
|
Charge for the year
|
|
---------
|
|
At 29 January 2021
|
|
---------
|
|
Carrying amount
|
|
At 29 January 2021
|
|
---------
|
|
At 29 January 2020
|
|
---------
|
|
Leasehold Property Improve -ments
|
Website
|
Fixtures and fittings
|
Motor vehicles
|
Office Equipment
|
Total
|
|
£
|
£
|
£
|
£
|
£
|
£
|
|
Cost
|
||||||
At 30 Jan 2020
|
|
|
|
|
|
|
Additions
|
|
–
|
|
|
|
|
--------
|
-------
|
---------
|
--------
|
---------
|
---------
|
|
At 29 Jan 2021
|
|
|
|
|
|
|
--------
|
-------
|
---------
|
--------
|
---------
|
---------
|
|
Depreciation
|
||||||
At 30 Jan 2020
|
|
|
|
|
|
|
Charge for the year
|
|
|
|
|
|
|
--------
|
-------
|
---------
|
--------
|
---------
|
---------
|
|
At 29 Jan 2021
|
|
|
|
|
|
|
--------
|
-------
|
---------
|
--------
|
---------
|
---------
|
|
Carrying amount
|
||||||
At 29 Jan 2021
|
|
–
|
|
|
|
|
--------
|
-------
|
---------
|
--------
|
---------
|
---------
|
|
At 29 Jan 2020
|
|
|
|
|
|
|
--------
|
-------
|
---------
|
--------
|
---------
|
---------
|
|
2021
|
2020
|
|
£
|
£
|
|
Finished goods and goods for resale
|
|
|
------------
|
------------
|
|
2021
|
2020
|
|
£
|
£
|
|
Trade debtors
|
|
|
Amounts owed by group undertakings
|
|
|
Prepayments and accrued income
|
|
|
Other debtors
|
|
|
------------
|
------------
|
|
|
|
|
------------
|
------------
|
|
2021
|
2020
|
|
£
|
£
|
|
Bank loans and overdrafts
|
|
|
Trade creditors
|
|
|
Amounts owed to group undertakings
|
|
|
Accruals and deferred income
|
|
|
Corporation tax
|
|
|
Social security and other taxes
|
|
|
Obligations under finance leases and hire purchase contracts
|
|
–
|
Amounts due to related companies
|
|
|
Other creditors
|
|
|
------------
|
------------
|
|
|
|
|
------------
|
------------
|
|
2021
|
2020
|
|
£
|
£
|
|
Obligations under finance leases and hire purchase contracts
|
|
–
|
Other creditors
|
|
|
---------
|
---------
|
|
|
|
|
---------
|
---------
|
|
2021
|
2020
|
|
£
|
£
|
|
Not later than 1 year
|
|
–
|
Later than 1 year and not later than 5 years
|
|
–
|
--------
|
----
|
|
|
–
|
|
--------
|
----
|
|
Deferred tax (note 19)
|
|
£
|
|
At 30 January 2020
|
|
Additions
|
|
--------
|
|
At 29 January 2021
|
|
--------
|
|
2021
|
2020
|
|
£
|
£
|
|
Included in provisions (note 18)
|
|
|
--------
|
--------
|
|
2021
|
2020
|
|
£
|
£
|
|
Accelerated capital allowances
|
|
|
--------
|
--------
|
|
2021
|
2020
|
|
£
|
£
|
|
Government grants recognised directly in income
|
|
–
|
------------
|
----
|
|
2021
|
2020
|
|||
No.
|
£
|
No.
|
£
|
|
|
|
100
|
|
100
|
----
|
----
|
----
|
----
|
|
At 30 Jan 2020
|
Cash flows
|
At 29 Jan 2021
|
|
£
|
£
|
£
|
|
Cash at bank and in hand
|
|
242,905
|
|
Debt due within one year
|
(1,797,291)
|
814,505
|
(982,786)
|
Debt due after one year
|
–
|
(22,661)
|
(22,661)
|
------------
|
------------
|
---------
|
|
(
|
|
(
|
|
------------
|
------------
|
---------
|
|