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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 members |
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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Auditor |
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Chartered accountants & statutory auditor |
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3B Swallowfield Courtyard |
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Wolverhampton Road |
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Oldbury |
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West Midlands |
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B69 2JG |
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Strategic Report |
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Director |
Registered office: |
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Directors' Report |
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(Appointed
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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 |
3B Swallowfield Courtyard |
Wolverhampton Road |
Oldbury |
West Midlands |
B69 2JG |
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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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Administrative expenses |
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Other operating income |
5 |
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– |
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Operating profit |
6 |
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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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Profit before taxation |
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Tax on profit |
11 |
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Profit for the financial year and total comprehensive income |
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Dividends paid and payable |
12 |
(
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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 |
13 |
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Investments |
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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Taxation including deferred tax |
19 |
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Net assets |
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Called up share capital |
24 |
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Profit and loss account |
25 |
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Shareholders 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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– |
Other interest receivable and similar income |
(
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(
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Interest payable and similar expenses |
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Loss on disposal of tangible assets |
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– |
Tax on profit |
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Accrued expenses/(income) |
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(
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Changes in: |
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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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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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Net cash from operating activities |
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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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– |
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Net cash used in investing activities |
(
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(
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Repayments of borrowings |
(
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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/(decrease) in cash and cash equivalents |
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(
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Cash and cash equivalents at beginning of year |
1,599,104 |
2,522,877 |
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Cash and cash equivalents at end of year |
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Notes to the Financial Statements |
Freehold property |
- |
4% to 10% straight line |
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Laboratory Equipment |
- |
10% to 25% straight line |
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Tenanet's improvements |
- |
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Motor Vehicles |
- |
25% straight line |
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Office Equipment |
- |
25
% straight line |
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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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– |
------- |
---- |
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2023 |
2022 |
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£ |
£ |
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Depreciation of tangible assets |
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Loss on disposal of tangible assets |
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– |
Impairment of trade debtors |
– |
(31) |
Auditors fee - audit of the financial statements |
16,650 |
11,663 |
Auditors fee - other non audit costs |
3,600 |
8,293 |
Operating lease rentals |
802,011 |
392,695 |
--------- |
--------- |
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2023 |
2022 |
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No. |
No. |
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Administrative staff |
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Number of engineers |
60 |
52 |
Number of laboratory technicians |
16 |
23 |
---- |
---- |
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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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Excess retirement benefits of directors and past directors |
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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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Aggregate 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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Interest on banks loans and overdrafts |
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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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Adjustments in respect of prior periods |
(
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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 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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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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(
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Rounding on tax charge |
1 |
– |
--------- |
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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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Land and buildings |
Plant and machinery |
Fixtures and fittings |
Motor vehicles |
Equipment |
Total |
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£ |
£ |
£ |
£ |
£ |
£ |
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Cost |
||||||
At 1 Oct 2022 |
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744,325 |
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Additions |
– |
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– |
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44,801 |
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Disposals |
– |
– |
(
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– |
(
14,036) |
(
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--------- |
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-------- |
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At 30 Sep 2023 |
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775,090 |
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--------- |
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-------- |
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Depreciation |
||||||
At 1 Oct 2022 |
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653,729 |
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Charge for the year |
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47,404 |
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Disposals |
– |
– |
(
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– |
(
13,859) |
(
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--------- |
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-------- |
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At 30 Sep 2023 |
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687,274 |
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--------- |
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-------- |
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Carrying amount |
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At 30 Sep 2023 |
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87,816 |
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--------- |
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-------- |
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At 30 Sep 2022 |
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90,596 |
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--------- |
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-------- |
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Shares in group undertakings |
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£ |
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Cost |
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At 1 October 2022 and 30 September 2023 |
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---- |
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Impairment |
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At 1 October 2022 and 30 September 2023 |
– |
---- |
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Carrying amount |
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At 30 September 2023 |
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---- |
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At 30 September 2022 |
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---- |
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2023 |
2022 |
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£ |
£ |
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Geotechnics Special Projects Limited |
1 |
1 |
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Geotechnics Consultancy Limited |
1 |
1 |
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Geotechnics Enviromental Limited |
1 |
1 |
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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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------------ |
------------ |
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------------ |
------------ |
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2023 |
2022 |
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£ |
£ |
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Bank loans and overdrafts |
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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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Obligations under finance leases and hire purchase contracts |
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Other creditors |
– |
19,198 |
------------ |
------------ |
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------------ |
------------ |
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2023 |
2022 |
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£ |
£ |
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Bank loans and overdrafts |
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Accruals and deferred income |
|
– |
Obligations under finance leases and hire purchase contracts |
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--------- |
--------- |
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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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Deferred tax (note 20) |
|
£ |
|
At 1 October 2022 |
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Additions |
|
-------- |
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At 30 September 2023 |
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-------- |
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2023 |
2022 |
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£ |
£ |
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Included in provisions (note 19) |
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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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-------- |
-------- |
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2023 |
2022 |
|
£ |
£ |
|
Deferred government grants due within one year |
|
– |
Deferred government grants due after more than one year |
|
– |
-------- |
---- |
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– |
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-------- |
---- |
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Government grants recognised directly in income |
|
– |
------- |
---- |
|
2023 |
2022 |
|
£ |
£ |
|
Other debtors |
2,318,238 |
2,214,932 |
------------ |
------------ |
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Bank loans and overdrafts |
266,831 |
461,922 |
Trade creditors |
1,027,856 |
1,000,035 |
------------ |
------------ |
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------------ |
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2023 |
2022 |
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No. |
£ |
No. |
£ |
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1,000 |
|
1,000 |
------- |
------- |
------- |
------- |
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At 1 Oct 2022 |
Cash flows |
At 30 Sep 2023 |
|
£ |
£ |
£ |
|
Cash at bank and in hand |
|
8,459 |
|
Debt due within one year |
(115,342) |
73,957 |
(41,385) |
Debt due after one year |
(371,864) |
126,070 |
(245,794) |
------------ |
--------- |
------------ |
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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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Later than 5 years |
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--------- |
--------- |
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