Company Balance Sheet

	Note	Year ended 25 March 2023 £000	Year ended 26 March 2022 £000
Non-current assets
Tangible assets	2	58,602	58,747
Intangible assets		208	174
Right-of-use asset	3	2,061	31
Investments	4	152,598	152,598
Debtors – amounts falling due after one year	5	106,898	68,977
		320,367	280,527
Current assets
Debtors – amounts falling due within one year	5	11,312	12,333
Cash at bank		1,845	–
		13,157	12,333
Current liabilities
Bank overdraft		–	(5,389)
Trade and other payables	6	(179,121)	(129,903)
Financial liabilities – borrowings		(4,150)	(5,900)
Financial liabilities – leases		(287)	(36)
		(183,558)	(141,228)
Non-current liabilities
Trade and other payables	6	(2,377)	(3,081)
Financial liabilities – borrowings		(4,800)	(8,950)
Financial Liabilities – leases		(1,786)	–
		(8,963)	(12,031)
Total assets less liabilities		141,003	139,601
Capital and reserves
Share capital		7,739	7,738
Share premium		88,522	88,511
Other reserves		5,950	3,485
Profit and loss account		38,792	39,867
Equity and total shareholders' funds		141,003	139,601

The Company reported a profit for the financial year ended 25 March 2023 of £7,847,000 (2022: profit of £10,479,000).

The financial statements were approved by the board of directors on 14 June 2023 and signed on its behalf by:

Alan Dunsmore
Chief Executive Officer

Adam Semple
Chief Financial Officer

Severfield plc
Registered in England No.1721262

Cookie settings