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|||Page||
|---|---|---|---|
|Company
information||||
|Report ofthe directors||||
|Accountants'
report||||
|Income statement||||
|Statement
offinancial|position|5 to|6|
|Statement
ofchanges|in equity|||
|Notes tothe financial|statements|8 to|11|
|Trading and profit and|loss account|12 to|13|
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|Directors:||J A Izzard||
|---|---|---|---|
|||D P King||
|||J L Harcourt||
|||K F Morrison||
|||P5Dev||
|||P D Ison||
|||J P Gamble||
|||FJfreeman||
|||J R Davis||
|Registered|office:|The Cloisters||
|||Barrington
Road||
|||Letchworth||
|||Hertfordshire||
|||SG6 3TH||
|Registered|number:|00465100 (England|and Wales)|
|Accountants:||Wags LLPt/a Wagstaffs||
|||Richmond
House||
|||Walkern
Road||
|||Stevenage||
|||Hertfordshire||
|||SG13QP||
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||||||2022|2021|
|---|---|---|---|---|---|---|
|||||Notes|E|E|
|TURNOVER|||||65,712|63,908|
|Cost ofsales|||||(63,818)|(56,136)|
|GROSS PROFIT|||||1,894|7,772|
|Administrative||expenses|||(122,582)|(76,268)|
||||||(120,688)|(68,496)|
|Other operating||income|||136,197|99,491|
|OPERATING|PROFIT||||15,509|30,995|
|Income from|fixed asset||investments||3,377|3,298|
|Interest receivable
and similar income|||||22|124|
||||||18,908|34,417|
|Gain/loss
on|revaluation||of investments||29,290|17,495|
||||||48,198|51,912|
|Interest payable||and similar expenses|||(1,050)|(1,050)|
|PROFIT BEFORETAXATION|||||47,148|50,862|
|Tax on profit|||||(4,576)|(1,803)|
|PROFIT FOR THE FINANCIAL YEAR|||||42,572|49,059|
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|||2022|2021|
|---|---|---|---|
||Notes|E|E|
|FIXEDASSETS||||
|Tangible assets||54,613|59,819|
|Investments||137,950|108,660|
|||192,563|168,479|
|CURRENT ASSETS||||
|Debtors||47,625|21,289|
|Cash at bank and in hand||235,970|246,378|
|||283,595|267,667|
|CREDITORS||||
|Amounts
falling due within one year|9|(220,267)|(214,740)|
|NET CURRENT ASSETS||63,328|52,927|
|TOTAL ASSETSLESSCURRENT LIABILITIES||255,891|221,406|
|CREDITORS||||
|Amounts
falling due after more than one||||
|year|10|(18,000)|(30,663)|
|PROVISIONS FOR LIABILITIES||(26,677)|(22,101)|
|NET ASSETS||211,214|168,642|
|RESERVES||||
|Retained
earnings||211,214|168,642|
|||211,214|168,642|
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||||Retained|Total|
|---|---|---|---|---|
||||earnings|equity|
||||E|E|
|Balance|at 1st April|2020|119,583|119,583|
|Changes|in equity||||
|Total comprehensive||income|49,059|49,059|
|Balance|at 31stMarch 2021||168,642|168,642|
|Changes|in equity||||
|Total comprehensive||income|42,572|42,572|
|Balance|at 31stMarch 2022||211,214|211,214|
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|Analysis ofthe
The tax charge|tax charge
on the profit for the year was|as follows:|||
|---|---|---|---|---|
||||2022|2021|
||||E|E|
|Current tax:|||||
|UK corporation|tax|||24|
|Prior year tax||||74|
|Total current tax||||98|
|Deferred tax|||4,576|1,705|
|Tax on profit|||4,576|1,803|
|TANGIBLE FIXEDASSETS|||||
||||Plant and||
|||Land and|machinery||
|||buildings|etc|Totals|
|||E||f|
|Cost|||||
|At 1st April 2021|||||
|and 31st March|2022|33,334|260,094|293,428|
|Depreciation|||||
|At 1stApril 2021|||233,609|233,609|
|Charge for year|||5,206|5,206|
|At 31st March 2022|||238,815|238,815|
|Net book value|||||
|At 31st March 2022||33,334|21,279|54,613|
|At 31st March 2021||33,334|26,485|59,819|
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|FIXEDASSET INVESTM|E|NTS||||
|---|---|---|---|---|---|
||||||Other|
||||||investments|
||||||f|
|Cost||||||
|At 1st April 2021|||||108,660|
|Market value movement|||||29,290|
|At 31stMarch 2022|||||137,950|
|Net book value||||||
|At 31stMarch 2022|||||137,950|
|At 31st March 2021|||||108,660|
|DEBTORS:AMOUNTS|FALLING DUE WITHIN ONE YEAR|||||
|||||2022|2021|
|||||E|E|
|Trade debtors||||109|547|
|Amounts
owed by connected|||companies|32,702|12,567|
|Other debtors||||14,814|8,175|
|||||47,625|21,289|
|CREDITORS: AMOUNTS||FALLING DUE WITHIN ONE YEAR||||
|||||2022|2021|
|||||E|E|
|Trade creditors||||2,890|542|
|Taxation and social security||||809|810|
|Other creditors||||216,568|213,388|
|||||220,267|214,740|
|CREDITORS: AMOUNTS||FALLING DUE AFTER MORE THAN ONE YEAR||||
|||||2022|2021|
|||||f|E|
|Other creditors||||18,000|30,663|
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||||2022||2021||
|---|---|---|---|---|---|---|
|Turnover|||||||
|Rent receivable|||60,668||61,311||
|Sundry sales and 250||club|5,044||2,597||
|||||65,712||63,908|
|Cost ofsales|||||||
|Purchases|||||479||
|Rent, rates, insurance||and utilities|42,878||36,783||
|Repairs and maintenance|||15,734||10,355||
|Depreciation
oftangible fixed assets|||||||
|Fixtures and fittings|||5,206||8,519||
|||||63,818||56,136|
|GROSS PROFIT||||1,894||7,772|
|(2.88%i
2021:12.16%)|||||||
|Other income|||||||
|Property grants|||36,841||||
|Overhead
recovery|||66,800||2,920||
|Government
grants|||32,556||96,571||
|Listed investment|income||3,377||3,298||
|Deposit account interest|||22||124||
|||||139,596||102,913|
|||||141,490||110,685|
|Expenditure|||||||
|Wages|||76,010||62,333||
|Pensions|||994||782||
|Property renovation|||39,156||||
|Telephone|||1,528||2,067||
|Post and stationery|||||10||
|Computer
costs|||1,135||1,324||
|Travelling|||||8||
|Advertising|||||31||
|Sundry expenses|||||431||
|Accountancy|||1,850||4,295||
|Subscriptions|||465||338||
|Legal and professional|||||960||
|Bad debts|||||2,495||
|Bank charges|||1,444||1,194||
|Loan interest|||1,050||1,050||
|Carried forward|||123,632|141,490|77,318|110,685|
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||||2022||2021||
|---|---|---|---|---|---|---|
||||E|E|f|E|
|Broughtforward|||123,632|141,490|77,318|110,685|
|Gain/loss|on revaluation|of investments|(29,290)||(17,495)||
|||||94,342||59,823|
|NET PROFIT||||47,148||50,862|