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Financial Statements |
Contents |
Page |
Strategic report |
1 |
Directors' report |
3 |
Independent auditor's report to the members |
5 |
Statement of income and retained earnings |
9 |
Statement of financial position |
10 |
Statement of cash flows |
11 |
Notes to the financial statements |
12 |
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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 |
103 High Street |
Waltham Cross |
Herts |
EN8 7AN |
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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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Operating profit |
5 |
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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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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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Stocks |
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 |
19 |
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Profit and loss account |
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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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Other interest receivable and similar income |
– |
(
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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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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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– |
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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--------- |
--------- |
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Net cash used in investing activities |
(
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(
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--------- |
--------- |
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Proceeds from borrowings |
(
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(
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Payments of finance lease liabilities |
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– |
Dividends paid |
(
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(
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--------- |
--------- |
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Net cash from/(used in) financing activities |
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(
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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 |
514,296 |
96,814 |
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Cash and cash equivalents at end of year |
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Notes to the Financial Statements |
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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Construction contracts |
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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 |
61,941 |
3,000 |
-------- |
-------- |
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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 |
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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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-------- |
-------- |
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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 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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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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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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Effect of different UK tax rates on some earnings |
(65,586) |
– |
Utilisation of tax losses |
– |
(
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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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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 September 2022 |
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Additions |
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– |
– |
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--------- |
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At 31 August 2023 |
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Depreciation |
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At 1 September 2022 |
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Charge for the year |
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--------- |
-------- |
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--------- |
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At 31 August 2023 |
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--------- |
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--------- |
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Carrying amount |
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At 31 August 2023 |
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--------- |
-------- |
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-------- |
--------- |
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At 31 August 2022 |
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--------- |
-------- |
-------- |
-------- |
--------- |
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2023 |
2022 |
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£ |
£ |
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Work in progress |
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– |
--------- |
---- |
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2023 |
2022 |
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£ |
£ |
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Trade debtors |
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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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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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– |
Director loan accounts |
– |
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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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Bank loans and overdrafts |
– |
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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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--------- |
---- |
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2023 |
2022 |
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No. |
£ |
No. |
£ |
|
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54,600 |
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54,600 |
-------- |
-------- |
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At 1 Sep 2022 |
Cash flows |
At 31 Aug 2023 |
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£ |
£ |
£ |
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Cash at bank and in hand |
|
391,464 |
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Debt due within one year |
(11,544) |
(28,873) |
(40,417) |
Debt due after one year |
(25,044) |
(234,357) |
(259,401) |
--------- |
--------- |
--------- |
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Notes to the Financial Statements (continued) |