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For the year ended |
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Financial Statements |
Contents |
Pages |
Officers and professional advisers |
1 |
Strategic report |
2 |
Directors' report |
3 to 4 |
Independent auditor's report to the member |
5 to 8 |
Statement of income and retained earnings |
9 |
Statement of financial position |
10 |
Statement of cash flows |
11 |
Notes to the financial statements |
12 to 21 |
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Officers and Professional Advisers |
The Board of Directors |
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Company Secretary |
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Registered Office |
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Scotland |
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Auditor |
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Chartered Accountants & Statutory Auditor |
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61 Dublin Street |
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Edinburgh |
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EH3 6NL |
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Bankers |
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9 Falkland Gate |
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Glenrothes |
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KY7 5LW |
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Strategic Report |
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Director |
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Directors' Report |
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Director |
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Independent Auditor's Report to the Member of
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(Senior Statutory Auditor) |
For and on behalf of |
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Chartered Accountants & Statutory Auditor |
61 Dublin Street |
Edinburgh |
EH3 6NL |
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Statement of Income and Retained Earnings |
2023 |
2022 |
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Note |
£ |
£ |
Turnover |
4 |
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Cost of sales |
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Gross profit |
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Administrative expenses |
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Other operating income |
5 |
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Operating profit |
6 |
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Other interest receivable and similar income |
10 |
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Interest payable and similar expenses |
11 |
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– |
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Profit before taxation |
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Tax on profit |
12 |
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Profit for the financial year and total comprehensive income |
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Dividends paid and payable |
13 |
(
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(
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Retained earnings at the start of the year |
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Retained earnings at the end of the year |
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Statement of Financial Position |
2023 |
2022 |
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Note |
£ |
£ |
Tangible assets |
14 |
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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 assets |
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Total assets less current liabilities |
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Taxation including deferred tax |
18 |
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Net assets |
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Called up share capital |
23 |
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Profit and loss account |
24 |
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Shareholder funds |
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Director |
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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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Government grant income |
(
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(
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Other interest receivable and similar income |
(
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(
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Interest payable and similar expenses |
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– |
Tax on profit |
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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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(
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Trade and other creditors |
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(
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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 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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--------- |
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Net cash used in investing activities |
(
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(
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--------- |
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Government grant income |
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Dividends paid |
(
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(
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--------- |
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Net cash from financing activities |
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Net increase/(decrease) in cash and cash equivalents |
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(
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Cash and cash equivalents at beginning of year |
187,251 |
438,432 |
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Cash and cash equivalents at end of year |
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Notes to the Financial Statements |
Property improvements | - |
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Plant and Machinery | - |
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Fixtures and fittings | - |
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Motor vehicles | - |
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Equipment | - |
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2023 |
2022 |
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£ |
£ |
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Rendering of services |
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------------- |
------------- |
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2023 |
2022 |
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£ |
£ |
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Government grant income |
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Other operating income |
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--------- |
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2023 |
2022 |
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£ |
£ |
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Depreciation of tangible assets |
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Impairment of trade debtors |
21,836 |
5,860 |
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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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Other non-audit services |
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-------- |
-------- |
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2023 |
2022 |
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No. |
No. |
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Number of full time staff |
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358
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Number of part time staff |
197
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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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------------- |
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2023 |
2022 |
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£ |
£ |
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Remuneration |
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Company contributions to defined contribution pension plans |
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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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– |
------- |
---- |
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2023 |
2022 |
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£ |
£ |
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UK current tax expense |
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Origination and reversal of timing differences |
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-------- |
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Tax on profit |
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-------- |
-------- |
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2023 |
2022 |
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£ |
£ |
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Profit on ordinary activities before taxation |
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--------- |
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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 |
(
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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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(
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Remeasurement of deferred tax for changes in tax rates |
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--------- |
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Tax on profit |
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--------- |
--------- |
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2023 |
2022 |
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£ |
£ |
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Dividends paid during the year (excluding those for which a liability existed at the end of the prior year ) |
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Property improve-ments |
Plant and machinery |
Fixtures and fittings |
Motor vehicles |
Equipment |
Total |
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£ |
£ |
£ |
£ |
£ |
£ |
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Cost |
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At 1 Apr 2022 |
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Additions |
– |
– |
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– |
– |
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--------- |
------- |
------------ |
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At 31 Mar 2023 |
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--------- |
------- |
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Depreciation |
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At 1 Apr 2022 |
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Charge for the year |
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--------- |
------- |
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At 31 Mar 2023 |
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--------- |
------- |
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Carrying amount |
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At 31 Mar 2023 |
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– |
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--------- |
------- |
------------ |
-------- |
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At 31 Mar 2022 |
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--------- |
------- |
------------ |
-------- |
-------- |
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2023 |
2022 |
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£ |
£ |
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Raw materials and consumables |
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-------- |
-------- |
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2023 |
2022 |
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£ |
£ |
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Trade debtors |
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Prepayments and accrued income |
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Directors loan account |
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– |
Other debtors |
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------------ |
------------ |
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------------ |
------------ |
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2023 |
2022 |
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£ |
£ |
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Trade creditors |
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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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Other creditors |
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------------ |
------------ |
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Deferred tax (note 19) |
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£ |
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At 1 April 2022 |
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Additions |
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-------- |
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At 31 March 2023 |
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-------- |
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2023 |
2022 |
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£ |
£ |
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Included in provisions (note 18) |
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-------- |
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2023 |
2022 |
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£ |
£ |
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Accelerated capital allowances |
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Deferred tax - other timing differences |
– |
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-------- |
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56,692 |
55,801 |
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-------- |
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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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£ |
£ |
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Financial assets measured at amortised cost |
3,991,513 |
3,682,768 |
------------ |
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Financial liabilities measured at amortised cost |
1,265,654 |
991,239 |
------------ |
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2023 |
2022 |
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No. |
£ |
No. |
£ |
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2,000 |
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2,000 |
------- |
------- |
------- |
------- |
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At 1 Apr 2022 |
Cash flows |
At 31 Mar 2023 |
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£ |
£ |
£ |
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Cash at bank and in hand |
|
239,019 |
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--------- |
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Notes to the Financial Statements (continued) |
2023 |
||||
Balance brought forward |
Advances/ (credits) to the directors |
Balance outstanding |
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£ |
£ |
£ |
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– |
– |
– |
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– |
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---- |
---- |
---- |
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– |
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---- |
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2022 |
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Balance brought forward |
Advances/ (credits) to the directors |
Balance outstanding |
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£ |
£ |
£ |
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(
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– |
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– |
– |
– |
--------- |
--------- |
---- |
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(
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– |
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--------- |
--------- |
---- |
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