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FOR THE YEAR ENDED |
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FINANCIAL STATEMENTS |
CONTENTS |
PAGE |
Strategic report |
1 |
Directors' report |
4 |
Independent auditor's report to the members |
6 |
Statement of income and retained earnings |
11 |
Statement of financial position |
12 |
Statement of cash flows |
13 |
Notes to the financial statements |
14 |
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STRATEGIC REPORT |
2023 | 2022 | ||
Energy consumption used to calculate emissions (kWh) | 10,205,648 | 9,841,835 | |
Scope 1 emissions in metric tonnes CO2e | |||
Gas | 1,863 | 1,786 | |
Scope 2 emissions in metric tonnes CO2e | |||
Purchased electricity | 1,395 | 1,793 | |
Scope 3 emissions in metric tonnes CO2e | |||
Business travel in employee owned vehicles | 3 | 5 | |
Total gross emissions in metric tonnes CO2e | 3,261 | 3,584 | |
Intensity ratio | |||
Tonnes / £m of turnover | 16 | 22 | |
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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 |
Tower House |
Lucy Tower Street |
Lincoln |
LN1 1XW |
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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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(
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GROSS PROFIT |
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Distribution costs |
(
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(
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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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Other interest receivable and similar income |
10 |
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Amounts written back to investments |
11 |
– |
(
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Interest payable and similar expenses |
12 |
(
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(
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PROFIT BEFORE TAXATION |
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Tax on profit |
13 |
(
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(
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PROFIT FOR THE FINANCIAL YEAR AND TOTAL COMPREHENSIVE INCOME |
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Dividends paid and payable |
14 |
(
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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 |
15 |
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Investments |
16 |
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Stocks |
17 |
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Debtors |
18 |
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Cash at bank and in hand |
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CREDITORS: amounts falling due within one year |
19 |
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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 |
20 |
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Taxation including deferred tax |
22 |
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NET ASSETS |
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Called up share capital |
26 |
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Profit and loss account |
27 |
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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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(
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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 |
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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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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)/received |
(
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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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Proceeds from sale of subsidiaries |
– |
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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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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 (DECREASE)/INCREASE IN CASH AND CASH EQUIVALENTS |
(
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CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR |
13,102,964 |
2,430,379 |
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CASH AND CASH EQUIVALENTS AT END OF YEAR |
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NOTES TO THE FINANCIAL STATEMENTS |
Building Improvements |
- |
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Plant & Machinery |
- |
8%/33% straight line/20% reducing balance
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Fixtures & Fittings |
- |
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Motor Vehicles |
- |
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2023 |
2022 |
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£ |
£ |
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Sale of goods |
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--------------- |
--------------- |
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2023 |
2022 |
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£ |
£ |
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Rental 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 |
257,027 |
98,841 |
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 financial statements |
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--------- |
--------- |
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Taxation advisory services |
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Other non-audit services |
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--------- |
--------- |
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16,387 |
12,500 |
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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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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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--------------- |
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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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Interest on loan to director |
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– |
--------- |
------- |
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--------- |
------- |
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2023 |
2022 |
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£ |
£ |
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Amounts written off current asset investments |
– |
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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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---------- |
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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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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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Equity dividends on ordinary shares |
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--------------- |
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Freehold property |
Plant and machinery |
Fixtures and fittings |
Motor vehicles |
Investment property |
Total |
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£ |
£ |
£ |
£ |
£ |
£ |
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Cost |
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At 1 Jul 2022 |
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Additions |
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– |
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-------------- |
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-------------- |
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At 30 Jun 2023 |
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Depreciation |
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At 1 Jul 2022 |
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– |
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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 30 Jun 2023 |
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– |
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-------------- |
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Carrying amount |
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At 30 Jun 2023 |
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------------- |
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At 30 Jun 2022 |
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Plant and machinery |
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£ |
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At 30 June 2023 |
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At 30 June 2022 |
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Shares in participating interests |
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£ |
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Cost |
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At 1 July 2022 and 30 June 2023 |
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---- |
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Impairment |
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At 1 July 2022 and 30 June 2023 |
– |
---- |
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Carrying amount |
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At 30 June 2023 |
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---- |
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At 30 June 2022 |
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---- |
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2023 |
2022 |
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£ |
£ |
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Finished goods and goods for resale |
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Parts stock |
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------------- |
------------- |
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------------- |
------------- |
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2023 |
2022 |
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£ |
£ |
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Trade debtors |
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Amounts owed by group undertakings |
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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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Bank loans |
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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 |
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--------------- |
--------------- |
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--------------- |
--------------- |
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2023 |
2022 |
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£ |
£ |
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Bank loans |
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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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Deferred tax (note 23) |
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£ |
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At 1 July 2022 |
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Charge against provision |
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------------- |
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At 30 June 2023 |
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------------- |
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2023 |
2022 |
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£ |
£ |
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Included in provisions (note 22) |
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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 |
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£ |
£ |
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Trade debtors |
14,173,549 |
13,562,765 |
--------------- |
--------------- |
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Bank loans |
1,848,974 |
2,608,192 |
Hire purchase agreements |
11,401 |
256,577 |
Trade creditors |
14,910,320 |
14,447,475 |
--------------- |
--------------- |
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--------------- |
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2023 |
2022 |
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No. |
£ |
No. |
£ |
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6 |
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6 |
---- |
---- |
---- |
---- |
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At 1 Jul 2022 |
Cash flows |
At 30 Jun 2023 |
|
£ |
£ |
£ |
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Cash at bank and in hand |
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(7,039,509) |
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Debt due within one year |
(1,023,920) |
871,778 |
(152,142) |
Debt due after one year |
(1,840,849) |
132,616 |
(1,708,233) |
--------------- |
------------- |
------------- |
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(
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--------------- |
------------- |
------------- |
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2023 |
2022 |
|
£ |
£ |
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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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NOTES TO THE FINANCIAL STATEMENTS (continued) |
2023 |
2022 |
|
£ |
£ |
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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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