Hardscape Products Limited - Limited company accounts 20.1

REGISTERED NUMBER: 02986234 (England and Wales)

STRATEGIC REPORT, REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2020

FOR

HARDSCAPE PRODUCTS LIMITED

Page

Company Information

1

Strategic Report

2

Report of the Directors

6

Report of the Independent Auditors

8

Profit and Loss Account

10

Balance Sheet

11

Statement of Changes in Equity

12

Notes to the Financial Statements

13

DIRECTORS:

Mr M Haslam

Mr A Collins

Mr D Lowe

Mr A P Warren

Mr C J Wood

SECRETARY:

Mrs J Haslam

REGISTERED OFFICE:

Eagley House Deakins Business Park

Blackburn Road, Egerton

Bolton

Lancashire

BL7 9RP

REGISTERED NUMBER:

02986234 (England and Wales)

AUDITORS:

Kay Johnson Gee Limited

Chartered Accountants and Statutory Auditors

1 City Road East

Manchester

M15 4PN

The directors present their strategic report for the year ended 31st March 2020.

PRINCIPAL ACTIVITY

Hardscape Products Ltd is primarily engaged with the supply of hard landscaping material to the construction industry

REVIEW OF BUSINESS

The financial year ended 31st of March 2020 saw a 5.7% increase in sales revenue to £23.37m as the business built upon the strong platforms in its core operating sectors. As ever the business aims to continue to focus on its primary objective of being a leader in the supply of hard landscaping materials whilst acting in a responsible and ethical manner and building a sustainable platform for future growth. Profit before tax grew to £298k (£235k 2018/19) despite the challenging market and cash levels within the business grew to £3.6m (£3.0m 2018/19) reflecting strong working capital management

The uncertainty and complexity of the current economic climate, not least the challenges of the ever-changing BREXIT and CV-19 situations has reinforced the value of continuing to invest in the Company and its people. Investment in the manufacturing base and our IT infrastructure has meant that we have been in the best possible condition to weather the demands of this unprecedented time. Order inputs remain strong through into 2021 and beyond

By remaining true to our core values and receptive to the efficiencies and savings of the new ways of working we find ourselves adopting, we believe we are in strong position to face the challenges the future post CV-19 world will bring.

FINANCIAL PERFORMANCE

The Directors have determined that the following financial indicators are the most effective when measuring progress towards the Companies financial objectives:

2020

2019

Turnover

£23.37m

£22.10m

Profit before Tax

£298k

£235k

Cash at Bank and in hand

£3.6m

£3.0m

EBITDA

£465k

£391k

ROCE

9.11%

7.98%

The board regard the results as satisfactory. The board also monitor performance by reference to certain "non-financial KPI's". These include customer satisfaction and the review of staff numbers

PRINCIPAL RISKS AND UNCERTAINTIES

There are a number of potential risks and uncertainties which could have a material impact on the Company's performance and could cause actual results to differ materially from expected and historical results.

The principal risks inherent in the Company's business model, include the following:

Operational risk

The activities of the Company subject it to risks relating to its ability to implement and maintain effective systems to process high volumes of transactions with its customers. A breakdown of the IT systems of the Group may affect its ability to operate its business effectively.

To address this risk, management has implemented a strong control system, including the retention of IT experts, to ensure that the Company's systems remain robust and adequate for purpose.

As a responsible manufacturer the Company recognises in its role in protecting the environment. We value the principles of ISO 14001 and will continue to develop our operational practices in line with the standard.

Competitor risk

The Company faces competition in the core markets in which it operates. There is a danger that its profitability and/or market share may be impaired.

To manage this risk the Company maintains relationships with its customers, introducers and other significant participants in the markets in which it is active, as well as being active in industry-wide organisations and initiatives.

Supplier risk

The Company sources products from around the globe. There is the possibility that logistical problems in certain areas of the world may impact on its ability to supply.

In order to mitigate this risk, the company has invested in strong relationships with suppliers who share our core values and has a comprehensive portfolio of products that mean it is able to supply from a variety of sources and minimise any disruption to supply.

Foreign Exchange risk

Being at the forefront of supplying leading edge paving materials that are recognised internationally, the Company sources product from a variety of locations throughout the world. As such it purchases in a number of currencies. It is therefore exposed to the potential of Foreign Exchange risk should there be a movement in the Foreign Exchange rate between order and payment.

To manage this risk, the Group has a proactive approach to the purchase of foreign currency which takes into account both its commitments and expected revenues streams to minimise any potential risk. The Company policy permits, but does not demand, that these exposures may be hedged in order to fix the cost in Sterling. This hedging activity involves the use of foreign exchange forward contracts were appropriate.

As the consequences of BREXIT continue to have repercussions throughout Europe and beyond, the Company is mindful of the worldwide trade situation and the potential impact a no deal scenario might have. In particular we are monitoring the regulatory changes to the supply chain process and the possible financial impact of such changes.

Liquidity and Finance risk

The Company manages its cash and borrowing requirements in order to maximise interest income and minimise interest expense, whilst ensuring that the company has sufficient liquid resources to meet the operating needs of the business.

The Company operates through cash reserves built up through strict control of working capital and thus operates without the need for borrowings and therefore does not suffer from interest rate fluctuations in any way other than from poor return on investments.

The Company is mindful that in these times timely and accurate financial information is necessary to make sure that the appropriate decisions are made to meet operational demands.

Credit risk

The Company insures all of its customers and each must go through a full test procedure before credit facilities are granted.

Companies can lose this facility if persistently trading outside of agreed terms.

Compliance

As an employer and contractor/subcontractor within the construction sector we are required to comply with the regulatory framework that underpins our industry in areas such as:

- Modern Slavery Act

- General Data Protection Regulation (GDPR)

- Health & Safety

- Taxation

- Bribery & Corruption

- Gender Pay Gap & Minimum Wage

It is vital that we are aware of our obligations in these areas and the consequences of any non-compliance.

Where appropriate staff are given training either internally or externally to ensure that policies, behaviours and expectations are understood and communicated throughout the group.

Coronavirus (CV-19)

The CV-19 pandemic has and continues to have an unprecedented impact on the UK and the world beyond.

Hardscape has followed the guidance issued by the UK Government since the start of the crisis and has taken all measures to safeguard its employees, customers and suppliers during this period of uncertainty. This has involved moving most of the workforce to a "working from home" basis which has minimised disruption whilst maintaining the safest working environment for those employees.

In our state-of-the-art production facility, we have introduced strict social distancing, hygiene and safety protocols that have minimised disruption and allowed the Company to meet its production targets.

For those staff unable to work from home or come into work the Company has made use of the Coronavirus Job Retention Scheme and placed them on furlough. As activity has increased a number of these have now returned to work.

The Company will continue to monitor developments and the advice from government to make sure that it meets its obligation in the safest and efficient ways possible.

EMPLOYEES

The Company is conscious that its greatest asset is its people and will continue to advance their skills and capabilities through our training and development programs. It is vital in this day and age that we have a skilled and diverse workforce able to meet the faceted and complex demands of the modern construction industry.

Remuneration and incentive packages are reviewed annually to make sure that they are appropriate and assist in the attraction and retention of our workforce.

The Company regularly communicates with its employees by briefings and updates on performance and the plans and objectives for the year ahead.

ETHICS, SUSTAINABILITY, CARBON REDUCTION AND COMPLIANCE

We have been promoted to Leader Status in the Ethical Trade Initiative the core principles of which we adhere to throughout our operations. We are regularly audited successfully to maintain ISO:9001 and 14001 to provide operational and sustainable excellence throughout the operation. We are continuing our journey on additional quality standards to provide further quality assurance for our operational excellence Zero Carbon ambitions are also being actioned and further developed.

LOCAL COMMUNITY

The Board recognises its place within the local community and in the 25th Year since its founding it initiated it "25 for 25" incentive whereby it committed to support 25 local charities either financially or through the provision of materials and expertise.

We were also able to support our colleagues within the construction sector who faced an uncertain future as the uncertainty of the CV-19 wreaked havoc upon employment levels and job security.

ON BEHALF OF THE BOARD:

Mrs J Haslam - Secretary

14th December 2020

The directors present their report with the financial statements of the company for the year ended 31st March 2020.

DIVIDENDS

No dividends will be distributed for the year ended 31st March 2020.

DIRECTORS

The directors shown below have held office during the whole of the period from 1st April 2019 to the date of this report.

Mr M Haslam

Mr D Lowe

Mr A P Warren

Mr C J Wood

Other changes in directors holding office are as follows:

Mr A Collins - appointed 1st November 2019

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Strategic Report, the Report of the Directors 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 the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. 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:

-	select suitable accounting policies and then apply them consistently;

-	make judgements and accounting estimates that are reasonable and prudent;

-	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 are sufficient to show and explain the company's transactions and 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.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

AUDITORS

Under section 487(2) of the Companies Act 2006 Kay Johnson Gee Limited, will be deemed to have been reappointed as auditors 28 days after these financial statements were sent to members or 28 days after the latest date prescribed for filing the accounts with the registrar, whichever is earlier.

ON BEHALF OF THE BOARD:

Mrs J Haslam - Secretary

14th December 2020

Opinion

We have audited the financial statements of Hardscape Products Limited (the 'company') for the year ended 31st March 2020 which comprise the Profit and Loss Account, Balance Sheet, Statement of Changes in Equity and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

-	give a true and fair view of the state of the company's affairs as at 31st March 2020 and of its profit for the year then ended;

-	have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

-	have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

We have nothing to report in respect of the following matters in relation to which the ISAs (UK) require us to report to you where:

-	the directors' use of the going concern basis of accounting in the preparation of the financial statements is not appropriate; or

-

the directors have not disclosed in the financial statements any identified material uncertainties that may cast significant doubt about the company's ability to continue to adopt the going concern basis of accounting for a period of at least twelve months from the date when the financial statements are authorised for issue.

Other information

The directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

-	the information given in the Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and

-	the Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

-	adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

-	the financial statements are not in agreement with the accounting records and returns; or

-	certain disclosures of directors' remuneration specified by law are not made; or

-	we have not received all the information and explanations we require for our audit.

Responsibilities of directors

As explained more fully in the Statement of Directors' Responsibilities set out on page six, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Use of our report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Michael Garrett (Senior Statutory Auditor)

for and on behalf of Kay Johnson Gee Limited

Chartered Accountants and Statutory Auditors

1 City Road East

Manchester

M15 4PN

14th December 2020

TURNOVER

4

23,377,505

22,104,482

Cost of sales

(18,469,968

)

(17,513,026

)

GROSS PROFIT

4,907,537

4,591,456

Distribution costs

(85,691

)

(110,323

)

Administrative expenses

(4,527,837

)

(4,247,996

)

OPERATING PROFIT

6

294,009

233,137

Interest receivable and similar income

4,258

3,650

298,267

236,787

Interest payable and similar expenses

7

(4

)

(1,377

)

PROFIT BEFORE TAXATION

298,263

235,410

Tax on profit

8

(69,840

)

(50,448

)

PROFIT FOR THE FINANCIAL YEAR

228,423

184,962

FIXED ASSETS

Intangible assets

10

32,246

-

Tangible assets

11

661,520

751,074

693,766

751,074

CURRENT ASSETS

Debtors

12

4,727,151

5,466,402

Cash at bank and in hand

3,622,115

3,000,762

8,349,266

8,467,164

CREDITORS

Amounts falling due within one year

13

(5,915,018

)

(6,269,210

)

NET CURRENT ASSETS

2,434,248

2,197,954

TOTAL ASSETS LESS CURRENT LIABILITIES

3,128,014

2,949,028

PROVISIONS FOR LIABILITIES

15

(340,098

)

(389,535

)

NET ASSETS

2,787,916

2,559,493

CAPITAL AND RESERVES

Called up share capital

16

5,000

5,000

Retained earnings

17

2,782,916

2,554,493

SHAREHOLDERS' FUNDS

2,787,916

2,559,493

The financial statements were approved by the Board of Directors and authorised for issue on 14th December 2020 and were signed on its behalf by:

Mr M Haslam - Director

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1st April 2018

5,000

2,569,531

2,574,531

Profit for the year

-

184,962

184,962

Total comprehensive income

-

184,962

184,962

Dividends

-

(200,000

)

(200,000

)

Balance at 31st March 2019

5,000

2,554,493

2,559,493

Profit for the year

-

228,423

228,423

Total comprehensive income

-

228,423

228,423

Balance at 31st March 2020

5,000

2,782,916

2,787,916

1.	STATUTORY INFORMATION

Hardscape Products Limited is a private company, limited by share capital and incorporated in England and Wales, registration number 02986231. The address of the registered office and principal place of business is Eagley House, Deakins Business Park, Blackburn Road, Egerton, Bolton, Lancashire, BL7 9RP.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Financial Reporting Standard 102 - reduced disclosure exemptions

The company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":

•

the requirements of Section 7 Statement of Cash Flows;

•

the requirement of paragraph 3.17(d);

•

the requirements of paragraphs 11.42, 11.44, 11.45, 11.47, 11.48(a)(iii), 11.48(a)(iv), 11.48(b) and 11.48(c);

•

the requirements of paragraphs 26.18(b), 26.19 to 26.21 and 26.23;

•

the requirement of paragraph 33.7.

Turnover

Turnover represents amounts recognised by the company in respect of goods and services supplied, exclusive of Value Added Tax and trade discounts. Turnover principally consists of income received for the construction of outdoor landscaped areas, which is recognised at the point of which the goods or services are provided.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of three years.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment.

Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost or valuation, less

estimated residual value, of each asset over its estimated useful life, as follows:

Property Improvements

-

Over the life of the lease

Plant and Machinery

-

25% straight line

Fixtures and Fittings

-

15-33% straight line

Motor Vehicles

-

25-50% straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals under operating leases are charged on a straight line basis over the lease term, even if the payments

are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight line basis over the lease term.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Trade and other debtors and creditors

Trade and other debtors are recognised initially at transaction price less attributable transaction costs. Trade and other creditors are recognised initially at transaction price plus attributable transactions costs. Subsequent to initial recognition they are measured at amortised cost using the effective interest method, less any impairment losses in the case of trade debtors.

Cash and cash equivalents

Cash and cash equivalents are represented by cash in hand and in bank.

3.	CRITICAL ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY

In the application of the Company's accounting policies above, management is required to make judgements, estimates and assumptions about the carrying value of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting

estimates are recognised in the period in which the estimate is revised if the revision affects only that period,

or in the period of the revision and future periods if the revision affects both current and future periods.

Provisions

The company accounts for provisions in accordance with FRS 102. There are currently the following types of provisions:

Customer claims provision

As a result of claims made by customers and the ongoing relationship with clients, a provision has been made to account for any potential future refunds to clients of £268,913 (2019 - £318,913).

4.

TURNOVER

The turnover and profit before taxation are attributable to the one principal activity of the company.

An analysis of turnover by geographical market is given below:

2020

2019

£

£

United Kingdom

22,876,187

22,104,482

Europe

501,318

-

23,377,505

22,104,482

5.	EMPLOYEES AND DIRECTORS

2020

2019

£

£

Wages and salaries

2,641,652

2,158,250

Social security costs

275,468

179,023

Other pension costs

25,456

27,032

2,942,576

2,364,305

The average number of employees during the year was as follows:

2020

2019

Administrative

46

45

Directors

5

4

51

49

2020

2019

£

£

Directors' remuneration

1,101,767

440,342

Directors' pension contributions to money purchase schemes

25,456

27,032

Information regarding the highest paid director is as follows:

2020

2019

£

£

Emoluments etc

502,649

174,370

6.	OPERATING PROFIT

The operating profit is stated after charging:

2020

2019

£

£

Hire of plant and machinery

81,070

90,542

Depreciation - owned assets

168,267

157,759

Computer software amortisation

2,863

-

Auditors' remuneration

15,000

15,000

7.

INTEREST PAYABLE AND SIMILAR EXPENSES

2020

2019

£

£

Bank interest

4

1,377

8.

TAXATION

Analysis of the tax charge

The tax charge on the profit for the year was as follows:

2020

2019

£

£

Current tax:

UK corporation tax

69,277

16,306

Deferred tax

563

34,142

Tax on profit

69,840

50,448

UK corporation tax has been charged at 19% .

Reconciliation of total tax charge included in profit and loss

The tax assessed for the year is higher than the standard rate of corporation tax in the UK. The difference is explained below:

2020

2019

£

£

Profit before tax

298,263

235,410

Profit multiplied by the standard rate of corporation tax in the UK of 19% (2019 - 19%)

56,670

44,728

Effects of:

Expenses not deductible for tax purposes

4,091

4,887

Capital allowances in excess of depreciation

-

(34,477

)

Depreciation in excess of capital allowances

8,516

-

Other differences

-

1,168

Short term timing differences leading to increase in taxation

563

34,142

Total tax charge

69,840

50,448

9.

DIVIDENDS

2020

2019

£

£

Ordinary shares of £1 each

Interim

-

200,000

10.	INTANGIBLE FIXED ASSETS

Computer

software

£

COST

Additions

35,109

At 31st March 2020

35,109

AMORTISATION

Amortisation for year

2,863

At 31st March 2020

2,863

NET BOOK VALUE

At 31st March 2020

32,246

11.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

Motor

property

machinery

fittings

vehicles

Totals

£

£

£

£

£

COST

At 1st April 2019

528,188

406,531

384,827

12,240

1,331,786

Additions

14,562

53,059

9,777

1,315

78,713

At 31st March 2020

542,750

459,590

394,604

13,555

1,410,499

DEPRECIATION

At 1st April 2019

109,233

176,569

290,847

4,063

580,712

Charge for year

41,153

86,169

40,616

329

168,267

At 31st March 2020

150,386

262,738

331,463

4,392

748,979

NET BOOK VALUE

At 31st March 2020

392,364

196,852

63,141

9,163

661,520

At 31st March 2019

418,955

229,962

93,980

8,177

751,074

12.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Trade debtors

4,151,751

4,889,741

Amounts owed by group undertakings

1,000

-

Other debtors

40,100

40,000

Tax

116,487

74,458

Prepayments and accrued income

417,813

462,203

4,727,151

5,466,402

13.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Trade creditors

3,318,227

4,227,935

Amounts owed to group undertakings

1,379,370

1,249,233

Social security and other taxes

50,949

52,766

VAT

296,723

71,470

Other creditors

12,628

8,942

Accruals and deferred income

857,121

658,864

5,915,018

6,269,210