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Financial Statements |
Contents |
Page |
Strategic report |
1 |
Directors' report |
3 |
Independent auditor's report to the members |
5 |
Statement of comprehensive income |
9 |
Statement of financial position |
10 |
Statement of changes in equity |
11 |
Statement of cash flows |
12 |
Notes to the financial statements |
13 |
|
Strategic Report |
2023 | 2022 | ||
£ | £ | ||
Turnover | – | – | |
Loss before tax | 1,006,981 | 58,912 | |
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Director |
Director |
Registered office: |
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United Kingdom |
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Directors' Report |
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(Appointed
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(Appointed
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Director |
Director |
Registered office: |
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United Kingdom |
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Independent Auditor's Report to the Members of
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(Senior Statutory Auditor) |
For and on behalf of |
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Chartered accountants & statutory auditor |
Camburgh House |
27 New Dover Road |
Canterbury |
Kent |
CT1 3DN |
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Statement of Comprehensive Income |
2023 |
2022 |
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Note |
£ |
£ |
Cost of sales |
– |
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---- |
------- |
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Gross loss |
– |
(
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Administrative expenses |
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Other operating income |
4 |
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– |
------------ |
-------- |
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Operating loss |
5 |
(
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(
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Other interest receivable and similar income |
9 |
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– |
Interest payable and similar expenses |
10 |
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– |
------------ |
-------- |
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Loss before taxation |
(
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(
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Tax on loss |
11 |
– |
(
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------------ |
-------- |
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Loss for the financial year and total comprehensive income |
(
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(
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------------ |
-------- |
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Statement of Financial Position |
2023 |
2022 |
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Note |
£ |
£ |
Intangible assets |
12 |
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Tangible assets |
13 |
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– |
--------- |
-------- |
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Debtors |
14 |
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Cash at bank and in hand |
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--------- |
-------- |
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Creditors: amounts falling due within one year |
15 |
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--------- |
-------- |
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Net current assets |
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------------ |
-------- |
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Total assets less current liabilities |
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------------ |
-------- |
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Net assets |
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------------ |
-------- |
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Called up share capital |
17 |
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Share premium account |
18 |
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Profit and loss account |
18 |
(
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(
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------------ |
--------- |
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Shareholders funds |
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------------ |
--------- |
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Director |
Director |
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Statement of Changes in Equity |
Called up share capital |
Share premium account |
Profit and loss account |
Total |
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£ |
£ |
£ |
£ |
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At 1 February 2021 |
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– |
(
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(
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Loss for the year |
(
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(
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||
---- |
---- |
-------- |
-------- |
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Total comprehensive income for the year |
– |
– |
(
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(
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Issue of shares |
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– |
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---- |
--------- |
-------- |
--------- |
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Total investments by and distributions to owners |
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– |
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At 31 January 2022 |
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(
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Loss for the year |
(
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(
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---- |
--------- |
------------ |
------------ |
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Total comprehensive income for the year |
– |
– |
(
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(
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Issue of shares |
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– |
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---- |
------------ |
---- |
------------ |
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Total investments by and distributions to owners |
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– |
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---- |
------------ |
------------ |
------------ |
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At 31 January 2023 |
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(
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---- |
------------ |
------------ |
------------ |
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Statement of Cash Flows |
2023 |
2022 |
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£ |
£ |
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Loss for the financial year |
(
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(
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Adjustments for: |
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Depreciation of tangible assets |
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– |
Amortisation of intangible assets |
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Other interest receivable and similar income |
(
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– |
Interest payable and similar expenses |
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– |
Tax on loss |
– |
(
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Accrued expenses |
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Changes in: |
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Trade and other debtors |
(
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(
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Trade and other creditors |
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------------ |
-------- |
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Cash generated from operations |
(
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(
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Interest paid |
(
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– |
Interest received |
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– |
Tax received |
– |
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--------- |
-------- |
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Net cash used in operating activities |
(
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(
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--------- |
-------- |
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Purchase of tangible assets |
(
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– |
Purchase of intangible assets |
(
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(
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--------- |
-------- |
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Net cash used in investing activities |
(
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(
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--------- |
-------- |
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Proceeds from issue of ordinary shares |
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Proceeds from borrowings |
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------------ |
--------- |
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Net cash from financing activities |
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------------ |
--------- |
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Net increase in cash and cash equivalents |
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Cash and cash equivalents at beginning of year |
66,883 |
100 |
--------- |
-------- |
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Cash and cash equivalents at end of year |
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--------- |
-------- |
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Notes to the Financial Statements |
App Development |
- |
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Equipment |
- |
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2023 |
2022 |
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£ |
£ |
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Other operating income |
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– |
------- |
---- |
|
2023 |
2022 |
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£ |
£ |
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Amortisation of intangible assets |
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Depreciation of tangible assets |
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– |
Foreign exchange differences |
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– |
-------- |
------- |
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2023 |
2022 |
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£ |
£ |
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Fees payable for the audit of the financial statements |
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– |
------- |
---- |
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2023 |
2022 |
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No. |
No. |
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Administrative staff |
|
– |
Management staff |
3 |
1 |
---- |
---- |
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---- |
---- |
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2023 |
2022 |
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£ |
£ |
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Wages and salaries |
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– |
Social security costs |
|
– |
Other pension costs |
|
– |
--------- |
---- |
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– |
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--------- |
---- |
|
2023 |
2022 |
|
£ |
£ |
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Remuneration |
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– |
Company contributions to defined contribution pension plans |
|
– |
--------- |
---- |
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– |
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--------- |
---- |
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2023 |
2022 |
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£ |
£ |
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Interest on cash and cash equivalents |
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– |
---- |
---- |
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2023 |
2022 |
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£ |
£ |
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Other interest payable and similar charges |
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– |
---- |
---- |
|
2023 |
2022 |
|
£ |
£ |
|
UK current tax income |
– |
(
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---- |
------- |
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Tax on loss |
– |
(
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---- |
------- |
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2023 |
2022 |
|
£ |
£ |
|
Loss on ordinary activities before taxation |
(
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(
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------------ |
-------- |
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Loss on ordinary activities by rate of tax |
(
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(
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Effect of expenses not deductible for tax purposes |
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Effect of capital allowances and depreciation |
(
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– |
Utilisation of tax losses |
– |
(
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Unused tax losses |
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Revenue items capitalised |
(
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(
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------------ |
-------- |
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Tax on loss |
– |
(
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------------ |
-------- |
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App Development |
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£ |
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Cost |
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At 1 February 2022 |
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Additions |
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--------- |
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At 31 January 2023 |
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--------- |
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Amortisation |
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At 1 February 2022 |
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Charge for the year |
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--------- |
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At 31 January 2023 |
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--------- |
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Carrying amount |
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At 31 January 2023 |
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--------- |
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At 31 January 2022 |
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--------- |
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Equipment |
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£ |
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Cost |
|
At 1 February 2022 |
– |
Additions |
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-------- |
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At 31 January 2023 |
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-------- |
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Depreciation |
|
At 1 February 2022 |
– |
Charge for the year |
|
-------- |
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At 31 January 2023 |
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-------- |
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Carrying amount |
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At 31 January 2023 |
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-------- |
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At 31 January 2022 |
– |
-------- |
|
2023 |
2022 |
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£ |
£ |
|
Prepayments and accrued income |
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Corporation tax repayable |
– |
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Other debtors |
|
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-------- |
-------- |
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-------- |
-------- |
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2023 |
2022 |
|
£ |
£ |
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Trade creditors |
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Accruals and deferred income |
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Social security and other taxes |
|
– |
Director loan accounts |
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Other creditors |
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--------- |
-------- |
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--------- |
-------- |
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2023 |
2022 |
|||
No. |
£ |
No. |
£ |
|
|
|
113 |
|
101 |
--------- |
---- |
--------- |
---- |
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At 1 Feb 2022 |
Cash flows |
At 31 Jan 2023 |
|
£ |
£ |
£ |
|
Cash at bank and in hand |
|
556,531 |
|
Debt due within one year |
(38,781) |
(876) |
(39,657) |
-------- |
--------- |
--------- |
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-------- |
--------- |
--------- |
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