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Financial Statements |
Contents |
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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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35 Westgate |
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Huddersfield |
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HD1 1PA |
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Bankers |
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33 Park Row |
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Leeds |
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LS1 1LD |
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Strategic Report |
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Director |
Director |
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Directors' Report |
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Director |
Director |
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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 |
35 Westgate |
Huddersfield |
HD1 1PA |
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Profit and Loss Account |
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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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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Interest payable and similar expenses |
11 |
(
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(
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Profit before taxation |
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Tax on profit |
12 |
(
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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 |
13 |
(
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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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Balance Sheet |
2023 |
2022 |
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Note |
£ |
£ |
Tangible assets |
14 |
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Investments |
15 |
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Stocks |
16 |
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Debtors |
17 |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
18 |
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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 |
19 |
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Taxation including deferred tax |
20 |
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Net assets |
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Called up share capital |
24 |
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Capital redemption reserve |
25 |
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Profit and loss account |
25 |
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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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Government grant income |
(
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(
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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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Tax on profit |
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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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(
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Interest received |
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Tax paid |
(
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(
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Net cash from/(used in) 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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Acquisition of subsidiaries |
– |
(
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Net cash used in investing activities |
(
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(
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Proceeds from borrowings |
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Proceeds from loans from group undertakings |
(
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– |
Government grant income |
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Dividends paid |
(
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(
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Net cash (used in)/from financing activities |
(
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Net (decrease)/increase in cash and cash equivalents |
(
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Cash and cash equivalents at beginning of year |
518,614 |
457,347 |
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Cash and cash equivalents at end of year |
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Notes to the Financial Statements |
Leasehold improvements |
- |
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Plant & machinery |
- |
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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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UK |
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Europe |
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Asia |
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USA |
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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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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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Impairment of trade debtors |
8,407 |
– |
Foreign exchange differences |
(
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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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2023 |
2022 |
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No. |
No. |
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Distribution staff |
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Administrative staff |
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Management staff |
4 |
4 |
------------ |
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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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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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2023 |
2022 |
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No. |
No. |
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Defined contribution plans |
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2023 |
2022 |
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£ |
£ |
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Other interest receivable and similar income |
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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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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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Total current tax |
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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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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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Effect of expenses not deductible for tax purposes |
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(
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Effect of capital allowances and depreciation |
(
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(
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Effect of revenue exempt from tax |
(
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(
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Group relief |
(
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(
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Tax on profit |
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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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Short leasehold improvements |
Plant and machinery |
Fixtures and fittings |
Motor vehicles |
Total |
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£ |
£ |
£ |
£ |
£ |
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Cost |
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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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Depreciation |
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At 1 October 2022 |
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Charge for the year |
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– |
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At 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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Shares in group undertakings |
Shares in participating interests |
Total |
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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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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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At 30 September 2022 |
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2023 |
2022 |
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£ |
£ |
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Finished goods and goods for resale |
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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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Other debtors |
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-------------- |
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2023 |
2022 |
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£ |
£ |
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Amounts owed by group undertakings |
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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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Director loan accounts |
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Invoice finance facility |
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– |
------------ |
------------ |
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2023 |
2022 |
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£ |
£ |
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Amounts owed to group undertakings |
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Accruals and deferred income |
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Deferred tax (note 21) |
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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 20) |
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2023 |
2022 |
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£ |
£ |
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Accelerated capital allowances |
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Deferred income |
(
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(
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Other timing differences |
(
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– |
------------ |
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69,605 |
74,117 |
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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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645 |
|
645 |
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50 |
|
50 |
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|
50 |
|
50 |
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5 |
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5 |
------------ |
------------ |
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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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(11,830) |
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Debt due within one year |
(1,696,757) |
(334,925) |
(2,031,682) |
Debt due after one year |
(79,095) |
– |
(79,095) |
------------ |
------------ |
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(
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(
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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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Later than 5 years |
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