Five Year Statement
Consolidated statement of comprehensive income
For the five years ended 30 September 2017 to 2021.
| 2021 | 2020 | 2019 | 2018 | 2017 | |
| £’000 | £’000 | £’000 | £’000 | £’000 | |
| Group revenue | 11,683 | 12,680 | 20,104 | 22,288 | 22,892 |
| Cost of sales | (8,146) | (10,130) | (13,311) | (14,047) | (13,481) |
| Cost of sales excluding exceptional items | (8,146) | (9,015) | (13,311) | (14,047) | (13,481) |
| Exceptional items | – | (1,115) | – | – | – |
| Gross profit | 3,537 | 2,550 | 6,793 | 8,241 | 9,411 |
| Distribution costs | (183) | (196) | (350) | (461) | (393) |
| Administration expenses | (2,901) | (3,318) | (3,462) | (3,639) | (3,591) |
| Administration expenses excluding exceptional items | (2,901) | (3,060) | (3,462) | (3,639) | (3,591) |
| Exceptional items | – | (258) | – | – | – |
| Group trading profit/(loss) | 453 | (964) | 2,981 | 4,141 | 5,427 |
| Other income | – | 500 | – | – | – |
| Group operating profit/(loss) | 453 | (464) | 2,981 | 4,141 | 5,427 |
| Finance costs | – | – | – | (21) | (24) |
| Finance revenue | – | 41 | 76 | 68 | 10 |
| Profit/(loss) before tax | 453 | (423) | 3,057 | 4,188 | 5,413 |
| Tax (expense)/credit | (47) | 129 | (366) | (541) | (825) |
| Profit/(loss) for the year | 406 | (294) | 2,691 | 3,647 | 4,588 |
| Other comprehensive income | – | – | – | – | – |
| Total comprehensive income/(loss) | 406 | (294) | 2,691 | 3,647 | 4,588 |
| Earnings/(loss) per share | |||||
| Basic | 3.0p | (1.8p) | 16.8p | 22.7p | 29.0p |
| Diluted | 3.0p | (1.8p) | 16.8p | 22.7p | 28.8p |
| Dividends per share | 1.5p | 0p | 22.8p | 22.8p | 14.7p |
Consolidated statement of financial position
At 30 September 2017 to 2021
| 2021 | 2020 | 2019 | 2018 | 2017 | |
| £’000 | £’000 | £’000 | £’000 | £’000 | |
| Assets | |||||
| Non-current assets | |||||
| Intangible assets | 733 | 1,043 | 1,299 | 1,585 | 1,633 |
| Property, plant and equipment | 5,370 | 5,820 | 6,385 | 6,605 | 7,030 |
| 6,103 | 6,863 | 7,684 | 8,190 | 8,663 | |
| Current assets | |||||
| Inventories | 1,435 | 2,332 | 3,034 | 3,021 | 2,996 |
| Trade and other receivables | 2,200 | 1,888 | 4,127 | 3,738 | 3,506 |
| Derivative financial assets | — | — | — | — | 54 |
| Cash and short term deposits | 9,157 | 14,038 | 13,143 | 14,626 | 14,099 |
| 12,792 | 18,258 | 20,304 | 21,385 | 20,655 | |
| Total assets | 18,895 | 25,121 | 27,988 | 29,575 | 29,318 |
| Equity and liabilities | |||||
| Current liabilities | |||||
| Trade and other payables | 1,080 | 591 | 962 | 1,446 | 1,042 |
| Derivative financial liabilities | 16 | — | 21 | 7 | — |
| Provisions | — | 582 | — | — | — |
| Accruals | 551 | 376 | 499 | 767 | 862 |
| Government grants | 26 | 27| | — | — | — |
| Tax liabilities | — | — | 192 | 13 | 3 |
| 1,794 | 1,576 | 1,674 | 2,233 | 1,907 | |
| Non-current liabilities | |||||
| Government grants | — | — | — | 15 | 25 |
| Deferred tax liabilities (net) | 336 | 480 | 516 | 562 | 610 |
| 336 | 480 | 516 | 577 | 635 | |
| Total liabilities | 2,130 | 2,056 | 2,190 | 2,810 | 2,542 |
| Net assets | 16,765 | 23,065 | 25,798 | 26,765 | 26,776 |
| Capital and reserves | |||||
| Equity share capital | 114 | 160 | 160 | 160 | 160 |
| Share premium | 8,994 | 8,994 | 8,994 | 8,994 | 8,994 |
| Capital redemption reserve | 46 | — | — | — | — |
| Retained earnings | 7,611 | 13,911 | 16,644 | 17,611 | 17,622 |
| Total equity | 16,765 | 23,065 | 25,798 | 26,765 | 26,776 |