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Financial Statements |
Contents |
Pages |
Officers and professional advisers |
1 |
Strategic report |
2 to 4 |
Directors' report |
5 to 6 |
Independent auditor's report to the members |
7 to 10 |
Statement of income and retained earnings |
11 |
Statement of financial position |
12 |
Statement of cash flows |
13 |
Notes to the financial statements |
14 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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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 |
Period from |
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Year to |
1 Jan 22 to |
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30 Sep 23 |
30 Sep 22 |
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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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Interest receivable |
8 |
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– |
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Profit before taxation |
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Taxation on ordinary activities |
9 |
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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 |
10 |
(
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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 |
11 |
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Stocks |
12 |
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Debtors |
13 |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
14 |
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Net current assets |
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Total assets less current liabilities |
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Taxation including deferred tax |
15 |
(
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(
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Net assets |
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Called up share capital |
19 |
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Capital redemption reserve |
20 |
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Profit and loss account |
20 |
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Shareholders funds |
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Director |
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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Interest receivable |
(
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– |
Gains on disposal of tangible assets |
(
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(
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Taxation on ordinary activities |
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(
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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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Cash generated from operations |
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Interest received |
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– |
Tax paid |
– |
(
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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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Net cash used in investing activities |
(
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(
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Dividends paid |
(
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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 |
3,558,566 |
2,968,111 |
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Cash and cash equivalents at end of year |
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Notes to the Financial Statements |
Assets held off site |
- |
Written off over the life of the contract |
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Furniture and Fittings |
- |
10% - 20% Straight line basis |
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Motor Vehicles |
- |
20% - 33.33% Straight line basis |
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Computer Equipment |
- |
33.33% Straight line basis
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Period from |
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Year to |
1 Jan 22 to |
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30 Sep 23 |
30 Sep 22 |
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£ |
£ |
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Rendering of services |
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Period from |
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Year to |
1 Jan 22 to |
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30 Sep 23 |
30 Sep 22 |
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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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Impairment of trade debtors |
(12,500) |
(329) |
Operating lease rentals |
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Auditors fees |
18,577 |
13,157 |
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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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Period from |
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Year to |
1 Jan 22 to |
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30 Sep 23 |
30 Sep 22 |
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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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Period from |
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Year to |
1 Jan 22 to |
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30 Sep 23 |
30 Sep 22 |
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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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No. |
No. |
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Defined contribution plans |
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---- |
---- |
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Period from |
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Year to |
1 Jan 22 to |
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30 Sep 23 |
30 Sep 22 |
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£ |
£ |
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Interest on cash and cash equivalents |
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– |
------- |
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Period from |
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Year to |
1 Jan 22 to |
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30 Sep 23 |
30 Sep 22 |
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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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Taxation on ordinary activities |
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(
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Period from |
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Year to |
1 Jan 22 to |
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30 Sep 23 |
30 Sep 22 |
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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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Effect of expenses not deductible for tax purposes |
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Effect of capital allowances and depreciation |
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Effect of different UK tax rates on some earnings |
(10,259) |
– |
Utilisation of tax losses |
– |
(
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Rounding on tax charge |
2 |
(
3) |
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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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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 October 2022 |
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365,220 |
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Additions |
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54,749 |
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Disposals |
(
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– |
(
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(
14,338) |
(
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At 30 September 2023 |
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405,631 |
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Depreciation |
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At 1 October 2022 |
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250,912 |
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Charge for the year |
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50,521 |
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Disposals |
(
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– |
(
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(
14,337) |
(
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At 30 September 2023 |
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287,096 |
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Carrying amount |
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At 30 September 2023 |
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118,535 |
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At 30 September 2022 |
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114,308 |
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2023 |
2022 |
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£ |
£ |
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Raw materials |
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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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------------ |
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2023 |
2022 |
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£ |
£ |
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Trade creditors |
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Amounts owed to group undertakings |
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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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------------ |
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Deferred tax (note 16) |
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£ |
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At 1 October 2022 |
(
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Additions |
(
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-------- |
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At 30 September 2023 |
(
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2023 |
2022 |
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£ |
£ |
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Included in provisions (note 15) |
(
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(
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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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Provisions |
(
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(
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--------- |
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(44,008) |
(31,388) |
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2023 |
2022 |
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£ |
£ |
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Trade debtors |
5,936,590 |
5,366,621 |
------------ |
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Trade creditors |
3,860,302 |
3,447,769 |
------------ |
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2023 |
2022 |
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No. |
£ |
No. |
£ |
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49,998 |
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49,998 |
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At 1 Oct 2022 |
Cash flows |
At 30 Sep 2023 |
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£ |
£ |
£ |
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Cash at bank and in hand |
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79,818 |
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Debt due within one year |
– |
(213,434) |
(213,434) |
------------ |
--------- |
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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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