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FOR THE YEAR ENDED |
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CONSOLIDATED FINANCIAL STATEMENTS |
CONTENTS |
PAGES |
Officers and professional advisers |
1 |
Strategic report |
2 to 5 |
Directors' report |
6 to 8 |
Independent auditor's report to the members |
9 to 12 |
Consolidated statement of income and retained earnings |
13 |
Company statement of income and retained earnings |
14 |
Consolidated statement of financial position |
15 |
Company statement of financial position |
16 |
Consolidated statement of cash flows |
17 |
Notes to the consolidated financial statements |
18 to 27 |
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OFFICERS AND PROFESSIONAL ADVISERS |
THE BOARD OF DIRECTORS |
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REGISTERED OFFICE |
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AUDITOR |
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Chartered accountants & statutory auditor |
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20-22 Bridge End |
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Leeds |
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LS1 4DJ |
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STRATEGIC REPORT |
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Director |
Registered office: |
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DIRECTORS' REPORT |
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Director |
Registered office: |
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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 |
20-22 Bridge End |
Leeds |
LS1 4DJ |
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CONSOLIDATED STATEMENT OF INCOME AND RETAINED EARNINGS |
2023 |
2022 |
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Note |
£ |
£ |
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TURNOVER |
4 |
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Cost of sales |
(
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GROSS PROFIT |
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Distribution costs |
(
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Administrative expenses |
(
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(
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Other operating income |
5 |
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OPERATING PROFIT |
6 |
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Interest payable and similar expenses |
10 |
(
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(
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PROFIT BEFORE TAXATION |
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Tax on profit |
11 |
(
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(
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PROFIT FOR THE FINANCIAL YEAR AND TOTAL COMPREHENSIVE INCOME |
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RETAINED LOSSES AT THE START OF THE YEAR |
(
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RETAINED EARNINGS/(LOSSES) AT THE END OF THE YEAR |
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COMPANY STATEMENT OF INCOME AND RETAINED EARNINGS |
2023 |
2022 |
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Note |
£ |
£ |
Profit for the financial year and total comprehensive income |
(
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RETAINED LOSSES AT THE START OF THE YEAR |
(
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(
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RETAINED LOSSES AT THE END OF THE YEAR |
(
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(
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CONSOLIDATED STATEMENT OF FINANCIAL POSITION |
2023 |
2022 |
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Note |
£ |
£ |
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Intangible assets |
12 |
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Tangible assets |
13 |
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Stocks |
15 |
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Debtors |
16 |
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Cash at bank and in hand |
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CREDITORS: amounts falling due within one year |
17 |
(
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NET CURRENT LIABILITIES |
(
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TOTAL ASSETS LESS CURRENT LIABILITIES |
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(
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CREDITORS: amounts falling due after more than one year |
18 |
(
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Taxation including deferred tax |
20 |
(
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NET ASSETS/(LIABILITIES) |
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Called up share capital |
24 |
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Profit and loss account |
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(
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SHAREHOLDERS FUNDS/(DEFICIT) |
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(
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Director |
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COMPANY STATEMENT OF FINANCIAL POSITION |
2023 |
2022 |
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Note |
£ |
£ |
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Investments |
14 |
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Debtors |
16 |
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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 |
17 |
(
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NET CURRENT LIABILITIES |
(
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(
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TOTAL ASSETS LESS CURRENT LIABILITIES |
(
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(
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NET LIABILITIES |
(
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(
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Called up share capital |
24 |
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Profit and loss account |
(
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(
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SHAREHOLDERS DEFICIT |
(
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(
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Director |
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CONSOLIDATED STATEMENT OF CASH FLOWS |
2023 |
2022 |
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£ |
£ |
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Profit for the financial year |
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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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Government grant income |
– |
(
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Interest payable and similar expenses |
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Tax on loss |
259,450
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288,037
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Accrued expenses |
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Changes in: |
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Stocks |
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(
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Trade and other debtors |
(
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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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(
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Tax received/(paid) |
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(
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Net cash from/(used in) operating activities |
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(
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Purchase of tangible assets |
(
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(
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Net cash used in investing activities |
(
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(
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Proceeds from borrowings |
(
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Government grant income |
– |
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Payments of finance lease liabilities |
(
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(
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Net cash (used in)/from financing activities |
(
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NET DECREASE IN CASH AND CASH EQUIVALENTS |
(
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(
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CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR |
641,120 |
924,307 |
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CASH AND CASH EQUIVALENTS AT END OF YEAR |
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NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS |
Goodwill |
- |
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Leasehold Property Improvements |
- |
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Website |
- |
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Fixtures and fittings |
- |
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Motor vehicles |
- |
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Office equipment |
- |
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2023 |
2022 |
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£ |
£ |
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Sale of goods |
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2023 |
2022 |
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£ |
£ |
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Government grant income |
– |
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Insurance claims receivable |
– |
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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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Impairment of trade debtors |
15,261 |
– |
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Foreign exchange differences |
(
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(
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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 consolidated financial statements |
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-------- |
-------- |
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2023 |
2022 |
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No. |
No. |
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Production staff |
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Distribution staff |
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Administrative staff |
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---- |
---- |
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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 |
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Other pension costs |
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------------ |
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2023 |
2022 |
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£ |
£ |
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Remuneration |
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--------- |
-------- |
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2023 |
2022 |
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£ |
£ |
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Interest on banks loans and overdrafts |
– |
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Interest on obligations under finance leases and hire purchase contracts |
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Other interest payable |
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Other interest payable and similar charges |
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– |
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--------- |
-------- |
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--------- |
-------- |
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2023 |
2022 |
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£ |
£ |
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UK current tax income |
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Adjustments in respect of prior periods |
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– |
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Corporation tax refund |
(
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(
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--------- |
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Total current tax |
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Origination and reversal of timing differences |
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Tax on loss |
259,450
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288,037
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2023 |
2022 |
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£ |
£ |
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Profit on ordinary activities before taxation |
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Profit on ordinary activities by rate of tax |
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Adjustment to tax charge in respect of prior periods |
(17,208) |
(
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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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Effect of revenue exempt from tax |
(
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– |
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Utilisation of tax losses |
– |
(
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------------ |
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Tax on loss |
186,370
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279,549
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Group |
Goodwill |
£ |
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Cost |
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At 30 January 2022 and 29 January 2023 |
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Amortisation |
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At 30 January 2022 |
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Charge for the year |
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--------- |
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At 29 January 2023 |
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Carrying amount |
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At 29 January 2023 |
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At 29 January 2022 |
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Group |
Leasehold Property Improve -ments |
Plant and machinery |
Fixtures and fittings |
Motor vehicles |
Office Equipment |
Total |
£ |
£ |
£ |
£ |
£ |
£ |
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Cost |
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At 30 Jan 2022 |
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Additions |
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– |
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– |
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-------- |
------- |
------------ |
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At 29 Jan 2023 |
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Depreciation |
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At 30 Jan 2022 |
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Charge for the year |
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– |
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-------- |
------- |
------------ |
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------------ |
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At 29 Jan 2023 |
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-------- |
------- |
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Carrying amount |
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At 29 Jan 2023 |
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– |
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-------- |
------- |
------------ |
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At 29 Jan 2022 |
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– |
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-------- |
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Company |
Unlisted |
£ |
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Cost |
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At 30 January 2022 and 29 January 2023 |
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---- |
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Impairment |
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At 30 January 2022 and 29 January 2023 |
– |
---- |
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Carrying amount |
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At 30 January 2022 and 29 January 2023 |
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---- |
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At 29 January 2022 |
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---- |
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Class of share |
Percentage of shares held |
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Subsidiary undertakings |
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Ordinary |
100 |
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Ordinary |
100 |
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Ordinary |
100 |
Group |
Company |
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2023 |
2022 |
2023 |
2022 |
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£ |
£ |
£ |
£ |
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Finished goods and goods for resale |
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– |
– |
------------ |
------------ |
---- |
---- |
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Group |
Company |
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2023 |
2022 |
2023 |
2022 |
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£ |
£ |
£ |
£ |
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Trade debtors |
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– |
– |
Prepayments and accrued income |
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– |
– |
Amounts due from related companies |
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Other debtors |
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------------ |
------------ |
------- |
------- |
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------------ |
------------ |
------- |
------- |
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Group |
Company |
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2023 |
2022 |
2023 |
2022 |
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£ |
£ |
£ |
£ |
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Bank loans and overdrafts |
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– |
– |
Trade creditors |
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Amounts owed to group undertakings |
– |
– |
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Accruals and deferred income |
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Corporation tax |
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– |
– |
Social security and other taxes |
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Obligations under finance leases and hire purchase contracts |
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– |
– |
Amounts owed to related companies |
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– |
– |
Invoice discounting |
196,506
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411,450
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– |
– |
Other creditors |
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------------ |
------------ |
------------ |
------------ |
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------------ |
------------ |
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Group |
Company |
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2023 |
2022 |
2023 |
2022 |
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£ |
£ |
£ |
£ |
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Obligations under finance leases and hire purchase contracts |
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– |
– |
-------- |
-------- |
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---- |
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Group |
Company |
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2023 |
2022 |
2023 |
2022 |
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£ |
£ |
£ |
£ |
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Not later than 1 year |
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– |
– |
Later than 1 year and not later than 5 years |
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– |
– |
-------- |
-------- |
---- |
---- |
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– |
– |
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-------- |
-------- |
---- |
---- |
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Group |
Deferred tax (note 21) |
£ |
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At 30 January 2022 |
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Additions |
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Charge against provision |
(
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--------- |
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At 29 January 2023 |
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--------- |
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Group |
Company |
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2023 |
2022 |
2023 |
2022 |
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£ |
£ |
£ |
£ |
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Included in provisions (note 20) |
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– |
– |
--------- |
-------- |
---- |
---- |
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Group |
Company |
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2023 |
2022 |
2023 |
2022 |
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£ |
£ |
£ |
£ |
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Accelerated capital allowances |
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– |
– |
--------- |
-------- |
---- |
---- |
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Group |
Company |
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2023 |
2022 |
2023 |
2022 |
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£ |
£ |
£ |
£ |
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Government grants recognised directly in income |
– |
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– |
– |
---- |
--------- |
---- |
---- |
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2023 |
2022 |
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No. |
£ |
No. |
£ |
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373 |
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373 |
---- |
---- |
---- |
---- |
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At 30 Jan 2022 |
Cash flows |
At 29 Jan 2023 |
|
£ |
£ |
£ |
|
Cash at bank and in hand |
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(404,387) |
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Debt due within one year |
(477,200) |
257,364 |
(219,836) |
Debt due after one year |
(18,390) |
4,271 |
(14,119) |
--------- |
--------- |
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(
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--------- |
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