Contents of the Financial Statements

for the Period Ended 31 March 2019

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

Directors report' period ended 31 March 2019

The directors present their report with the financial statements of the company for the period ended 30 April 2017

Directors

The directors shown below have held office during the whole of the period from
1 April 2018 to 31 March 2019

Mark Appleton
Richard Burrell
Mark Tarry

The director shown below has held office during the period of
1 April 2018 to 6 April 2018

Peter Solly

The director shown below has held office during the period of
14 January 2019 to 31 March 2019

Wayne Fisher

The director shown below has held office during the period of
27 July 2018 to 31 March 2019

Phil Craggs

The director shown below has held office during the period of
17 May 2018 to 31 March 2019

Daniel Vigario

The director shown below has held office during the period of
4 May 2018 to 31 March 2019

Anthony Vick

The director shown below has held office during the period of
6 April 2018 to 31 March 2019

Roger Pearson

The director shown below has held office during the period of
6 April 2018 to 23 November 2018

Martin Keattch

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 February 2020

And signed on behalf of the board by:
Name: Wayne Fisher
Status: Director

Profit And Loss Account

for the Period Ended 31 March 2019

	2019	2018
	£	£
Turnover:	35,248,292	28,388,176
Cost of sales:	( 33,951,329 )	( 28,729,158 )
Gross profit(or loss):	1,296,963	(340,982)
Administrative expenses:	( 7,443,449 )	( 5,922,727 )
Other operating income:	60,607	153,356
Operating profit(or loss):	(6,085,879)	(6,110,353)
Interest payable and similar charges:	( 803,320 )	( 315,570 )
Profit(or loss) before tax:	(6,889,199)	(6,425,923)
Tax:	( 116,240 )	0
Profit(or loss) for the financial year:	(7,005,439)	(6,425,923)

Balance sheet

As at 31 March 2019

	Notes	2019	2018
		£	£
Fixed assets
Intangible assets:	3	705,063	1,114,230
Tangible assets:	4	3,458,969	2,908,341
Investments:		0	0
Total fixed assets:		4,164,032	4,022,571
Current assets
Stocks:	5	0	1,257,222
Debtors:	6	8,092,998	9,291,177
Cash at bank and in hand:		222,399	533,300
Total current assets:		8,315,397	11,081,699
Creditors: amounts falling due within one year:	7	( 12,088,963 )	( 15,783,250 )
Net current assets (liabilities):		(3,773,566)	(4,701,551)
Total assets less current liabilities:		390,466	( 678,980)
Creditors: amounts falling due after more than one year:	8	( 12,112,399 )	( 4,037,514 )
Total net assets (liabilities):		(11,721,933)	(4,716,494)
Capital and reserves
Called up share capital:		288,600	288,600
Other reserves:		718,272	718,272
Profit and loss account:		(12,728,805 )	(5,723,366 )
Total Shareholders' funds:		( 11,721,933 )	(4,716,494)

The notes form part of these financial statements

Balance sheet statements

For the year ending 31 March 2019 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 31 March 2019

• 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

  Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer, usually on delivery of the goods. Revenue from the sale of goods is measured at the fair value of the consideration received or receivable, net of returns and allowances, trade discounts and volume rebates

  Tangible fixed assets depreciation policy

  Tangible fixed assets 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. The group adds to the carrying amount of an item of fixed assets the cost of replacing part of such an item when that cost is incurred if the replacement part is expected to provide incremental future benefits to the group. The carrying amount of the replaced part is derecognised. Repairs and maintenance are charged to profit or loss during the period in which they are incurred.Depreciation is provided on all items of property, plant and equipment so as to write off their carrying value over the expected useful economic lives. It is provided at the following rates:Plant and machinery 3-20 years straight lineOffice equipment 3-5 years straight lineMotor vehicle 3-8 years straight line

  Intangible fixed assets amortisation policy

  Assets that are subject to depreciation or amortisation are assessed at each reporting date to determine whether there is any indication that the assets are impaired. Where there is any indication that an asset may be impaired, the carrying value of the asset (or cash-generating unit to which the asset has been allocated) is tested for impairment. An impairment loss is recognised for the amount by which the asset's carrying amount exceeds its recoverable amount. The recoverable amount is the higher of an asset's fair value less costs to sell and value in use

  Other accounting policies

  InventoryFinance costsFinancial assetsFinancial liabilitiesCurrent and deferred taxationCash and cash equivalents

Notes to the Financial Statements

for the Period Ended 31 March 2019

• 2. Employees

  	2019	2018
  Average number of employees during the period	111	69