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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 Certified Accountants & statutory auditor |
35 Potter Street |
Worksop |
Notts |
S80 2AE |
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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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Administrative expenses |
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Other operating income |
– |
(
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Operating loss |
5 |
(
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(
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Interest payable and similar expenses |
9 |
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Loss before taxation |
(
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(
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Tax on loss |
10 |
(
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(
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------------ |
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Loss for the financial year and total comprehensive income |
(
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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 |
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 |
15 |
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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 |
16 |
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Taxation including deferred tax |
17 |
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Net assets |
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Called up share capital |
20 |
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Share premium account |
21 |
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Profit and loss account |
21 |
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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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Note |
£ |
£ |
Loss for the financial year |
(
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(
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Adjustments for: |
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Depreciation of tangible assets |
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Interest payable and similar expenses |
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Tax on loss |
(
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(
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Accrued expenses/(income) |
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(
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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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--------- |
--------- |
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Cash generated from operations |
(
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(
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Interest paid |
(
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(
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Tax received |
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--------- |
--------- |
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Net cash from/(used in) operating activities |
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(
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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 loans from group undertakings |
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(
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Payments of finance lease liabilities |
– |
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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 decrease in cash and cash equivalents |
(
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(
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Cash and cash equivalents at beginning of year |
(458,249) |
165,498 |
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Cash and cash equivalents at end of year |
14 |
(
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(
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--------- |
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Notes to the Financial Statements |
Buildings |
- |
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Plant & Machinery |
- |
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Equipment |
- |
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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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United Kingdom |
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Rest of World |
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------------- |
------------- |
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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 |
19,112 |
– |
Operating lease rentals |
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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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-------- |
-------- |
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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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Aggregate remuneration |
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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 income |
(
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(
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Origination and reversal of timing differences |
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--------- |
--------- |
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Tax on loss |
(
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(
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--------- |
--------- |
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Land and buildings |
Plant and machinery |
Equipment |
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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------------ |
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--------- |
------------- |
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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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--------- |
------------- |
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At 30 September 2023 |
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------------ |
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Carrying amount |
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At 30 September 2023 |
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------------ |
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------------- |
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At 30 September 2022 |
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2023 |
2022 |
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£ |
£ |
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Raw materials and consumables |
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Work in progress |
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Finished goods and goods for resale |
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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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Prepayments and accrued income |
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Corporation tax repayable |
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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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Cash at bank and in hand |
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Bank overdrafts |
(
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(
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--------- |
--------- |
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(
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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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Amounts owed to group undertakings |
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Accruals and deferred income |
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Social security and other taxes |
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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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Amounts owed to group undertakings |
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------------ |
------------ |
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Deferred tax (note 18) |
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£ |
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At 1 October 2022 |
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Charge against provision |
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--------- |
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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 17) |
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--------- |
--------- |
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2023 |
2022 |
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No. |
£ |
No. |
£ |
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1,235,000 |
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1,235,000 |
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1,600,000 |
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1,600,000 |
------------ |
------------ |
------------ |
------------ |
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------------ |
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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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79,219 |
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Bank overdrafts |
(458,655) |
(113,414) |
(572,069) |
Debt due within one year |
(558,856) |
(27,596) |
(586,452) |
Debt due after one year |
(2,037,353) |
(238,041) |
(2,275,394) |
------------ |
--------- |
------------ |
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(
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(
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(
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------------ |
--------- |
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2023 |
2022 |
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£ |
£ |
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Later than 1 year and not later than 5 years |
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-------- |
-------- |
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2023 |
2022 |
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£ |
£ |
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Timing Differences |
2,022,989 |
2,005,791 |
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Tax Losses carried forward |
(772,710) |
(871,548) |
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1,250,279 |
1,134,243 |
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Provision at 25%/19% carried forward |
275,164 |
215,506 |
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--------- |
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