Contents of the Financial Statements

for the Period Ended 30 June 2023

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

Directors' report period ended 30 June 2023

The directors present their report with the financial statements of the company for the period ended 30 June 2023

Directors

The directors shown below have held office during the whole of the period from
1 July 2022 to 30 June 2023

Sir D E Murray
E N Campbell

The director shown below has held office during the period of
10 August 2022 to 30 June 2023

David D Murray

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
28 March 2024

And signed on behalf of the board by:
Name: E N Campbell
Status: Director

Profit And Loss Account

for the Period Ended 30 June 2023

	2023	2022
	£	£
Turnover:	191,556	297,387
Cost of sales:	( 35,780 )	( 37,846 )
Gross profit(or loss):	155,776	259,541
Distribution costs:	0	0
Administrative expenses:	( 469,160 )	( 379,488 )
Other operating income:	0	0
Operating profit(or loss):	(313,384)	(119,947)
Interest receivable and similar income:	0	26,874
Interest payable and similar charges:	( 14,761 )	0
Profit(or loss) before tax:	(328,145)	(93,073)
Tax:	0	0
Profit(or loss) for the financial year:	(328,145)	(93,073)

Balance sheet

As at 30 June 2023

	Notes	2023	2022
		£	£
Called up share capital not paid:		0	0
Fixed assets
Intangible assets:		0	0
Tangible assets:	3	243,032	202,667
Investments:	4	3	3
Total fixed assets:		243,035	202,670
Current assets
Stocks:	5	594,498	539,462
Debtors:	6	21,196	81,001
Cash at bank and in hand:		8,354	16,862
Investments:		0	0
Total current assets:		624,048	637,325
Prepayments and accrued income:		0	0
Creditors: amounts falling due within one year:	7	( 175,903 )	( 64,414 )
Net current assets (liabilities):		448,145	572,911
Total assets less current liabilities:		691,180	775,581
Creditors: amounts falling due after more than one year:	8	( 243,744 )	0
Provision for liabilities:		0	0
Accruals and deferred income:		0	0
Total net assets (liabilities):		447,436	775,581
Capital and reserves
Called up share capital:		1,000	1,000
Share premium account:		0	0
Other reserves:		11,821,747	11,821,747
Profit and loss account:		(11,375,311 )	(11,047,166 )
Total Shareholders' funds:		447,436	775,581

The notes form part of these financial statements

Balance sheet statements

For the year ending 30 June 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The notes form part of these financial statements

Notes to the Financial Statements

for the Period Ended 30 June 2023

• 1. Accounting policies

  Basis of measurement and preparation

  These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

  Turnover policy

  Turnover comprises revenue recognised by the Company in respect of goods and services supplied during the period, exclusive of Value Added Tax.

  Tangible fixed assets depreciation policy

  Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.Depreciation is charged so as to allocate the cost off assets les their residual value over their estimated useful lives, using the straight line method.The estimated useful lives range as followsOffice equipment 5 to 25 yearsComputer equipment 5 to 25 yearsThe assets' residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or there is an indication of a significant change since the last reporting date.Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised within other operating income in the statement of comprehensive income.

Notes to the Financial Statements

for the Period Ended 30 June 2023

• 2. Employees

  	2023	2022
  Average number of employees during the period	13	15