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Financial Statements |
Contents |
Page |
Officers and professional advisers |
1 |
Strategic report |
2 |
Directors' report |
4 |
Independent auditor's report to the members |
6 |
Statement of comprehensive income |
10 |
Statement of financial position |
11 |
Statement of changes in equity |
12 |
Statement of cash flows |
13 |
Notes to the financial statements |
14 |
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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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Auditor |
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Chartered accountants & statutory auditor |
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Second Floor, Riverside Offices |
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26 St George's Quay |
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Lancaster |
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LA1 1RD |
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Bankers |
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1 Merchant's Drive |
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Parkhouse |
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Carlisle |
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Cumbria |
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CA3 0JW |
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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 |
Second Floor, Riverside Offices |
26 St George's Quay |
Lancaster |
LA1 1RD |
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Statement of Comprehensive Income |
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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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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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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Statement of Financial Position |
2023 |
2022 |
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Note |
£ |
£ |
Tangible assets |
14 |
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Debtors |
15 |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
16 |
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Net current assets |
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Total assets less current liabilities |
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Creditors: amounts falling due after more than one year |
17 |
– |
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Net assets |
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Called up share capital |
21 |
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Profit and loss account |
22 |
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Shareholders funds |
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Director |
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Statement of Changes in Equity |
Called up share capital |
Profit and loss account |
Total |
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£ |
£ |
£ |
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At 1 November 2021 |
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Profit for the year |
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-------- |
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Total comprehensive income for the year |
– |
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Dividends paid and payable |
13 |
– |
(
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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 October 2022 |
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Profit for the year |
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-------- |
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Total comprehensive income for the year |
– |
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Dividends paid and payable |
13 |
– |
(
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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 October 2023 |
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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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Other interest receivable and similar income |
(
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(
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Interest payable and similar expenses |
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Gains on disposal of tangible assets |
(
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(
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Tax on profit |
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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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Interest paid |
(
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(
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Interest received |
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Tax paid |
(
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(
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------------ |
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Net cash from operating activities |
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------------ |
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Purchase of tangible assets |
(
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(
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Proceeds from sale of tangible assets |
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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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Payments of finance lease liabilities |
(
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(
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Dividends paid |
(
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(
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------------ |
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Net cash used in 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 |
4,028,354 |
3,505,449 |
------------ |
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Cash and cash equivalents at end of year |
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Notes to the Financial Statements |
Fixtures and fittings |
- |
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Motor vehicles |
- |
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2023 |
2022 |
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£ |
£ |
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Rendering of services |
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Commissions |
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------------ |
------------ |
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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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---- |
------- |
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2023 |
2022 |
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£ |
£ |
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Depreciation of tangible assets |
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Gains on disposal of tangible assets |
(
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(
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Operating lease rentals |
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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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Audit of the pension scheme |
4,700 |
4,475 |
------- |
------- |
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2023 |
2022 |
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No. |
No. |
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Number of staff |
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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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--------- |
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2023 |
2022 |
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No. |
No. |
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Defined contribution 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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Other interest receivable and similar income |
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– |
-------- |
------- |
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-------- |
------- |
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2023 |
2022 |
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£ |
£ |
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Interest on obligations under finance leases and hire purchase contracts |
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Other interest payable and similar charges |
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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 expense |
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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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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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------------ |
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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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--------- |
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Fixtures and fittings |
Motor vehicles |
Total |
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£ |
£ |
£ |
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Cost |
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At 1 November 2022 |
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Additions |
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Disposals |
– |
(
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(
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--------- |
--------- |
--------- |
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At 31 October 2023 |
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--------- |
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--------- |
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Depreciation |
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At 1 November 2022 |
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Charge for the year |
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Disposals |
– |
(
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(
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--------- |
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--------- |
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At 31 October 2023 |
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--------- |
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Carrying amount |
|||
At 31 October 2023 |
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--------- |
--------- |
--------- |
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At 31 October 2022 |
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--------- |
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Fixtures and fittings |
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£ |
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At 31 October 2023 |
– |
---- |
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At 31 October 2022 |
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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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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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Social security and other taxes |
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Obligations under finance leases and hire purchase contracts |
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Other creditors |
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--------- |
--------- |
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--------- |
--------- |
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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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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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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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30,000 |
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30,000 |
-------- |
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At 1 Nov 2022 |
Cash flows |
At 31 Oct 2023 |
|
£ |
£ |
£ |
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Cash at bank and in hand |
|
1,109,578 |
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Debt due within one year |
(3,500) |
(3,500) |
(7,000) |
Debt due after one year |
(7,000) |
7,000 |
– |
------------ |
------------ |
------------ |
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------------ |
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Notes to the Financial Statements (continued) |
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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