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Financial Statements |
Contents |
Page |
Strategic report |
1 |
Directors' report |
2 |
Independent auditor's report to the members |
4 |
Consolidated statement of income and retained earnings |
7 |
Company statement of income and retained earnings |
8 |
Consolidated statement of financial position |
9 |
Company statement of financial position |
10 |
Consolidated 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 |
Unit 2, 32-34 Station Close |
Herts |
EN6 1TL |
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Consolidated 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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Other operating income |
5 |
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Operating profit |
6 |
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Gain on financial assets at fair value through profit or loss |
– |
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Other interest receivable and similar income |
10 |
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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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Retained earnings at the start of the year |
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Retained earnings at the end of the year |
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Company Statement of Income and Retained Earnings |
2023 |
2022 |
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Note |
£ |
£ |
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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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Retained earnings at the start of the year |
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Retained earnings at the end of the year |
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Consolidated Statement of Financial Position |
2023 |
2022 |
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Note |
£ |
£ |
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Tangible assets |
13 |
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Investments |
14 |
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Stocks |
15 |
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Debtors |
16 |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
17 |
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Net current assets |
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Total assets less current liabilities |
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Taxation including deferred tax |
18 |
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Net assets |
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Called up share capital |
21 |
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Profit and loss account |
22 |
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Shareholders funds |
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Director |
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Company Statement of Financial Position |
2023 |
2022 |
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Note |
£ |
£ |
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Tangible assets |
13 |
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Investments |
14 |
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Stocks |
15 |
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Debtors |
16 |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
17 |
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Net current assets |
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Total assets less current liabilities |
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Net assets |
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Called up share capital |
21 |
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Profit and loss account |
22 |
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Shareholders funds |
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Director |
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Consolidated 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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Gain on financial assets at fair value through profit or loss |
– |
(375,000) |
Other interest receivable and similar income |
(
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(
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Loss on disposal of tangible assets |
– |
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Tax on profit |
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Accrued (income)/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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------------ |
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Cash generated from operations |
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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/(used in) operating activities |
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(
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------------ |
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Purchase of tangible assets |
– |
(
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Proceeds from sale of tangible assets |
– |
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------------ |
--------- |
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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/(decrease) in cash and cash equivalents |
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(
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Cash and cash equivalents at beginning of year |
3,408,345 |
6,840,227 |
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Cash and cash equivalents at end of year |
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Notes to the Financial Statements |
Freehold Property |
- |
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Plant and Equipment |
- |
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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 |
45,245 |
(4,555) |
--------- |
--------- |
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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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Distribution staff |
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Management staff |
3 |
3 |
---- |
---- |
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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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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 cash and cash equivalents |
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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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Profit on ordinary activities by rate of tax |
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Effect of capital allowances and depreciation |
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Deferred tax movement |
– |
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Tax on profit |
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2023 |
2022 |
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£ |
£ |
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Equity dividends on ordinary shares |
– |
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Group |
Freehold property |
Plant and machinery |
Motor vehicles |
Total |
£ |
£ |
£ |
£ |
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Cost |
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At 1 August 2022 and 31 July 2023 |
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Depreciation |
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At 1 August 2022 |
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Charge for the year |
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------------- |
--------- |
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At 31 July 2023 |
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Carrying amount |
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At 31 July 2023 |
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At 31 July 2022 |
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Company |
Freehold property |
Plant and machinery |
Motor vehicles |
Total |
£ |
£ |
£ |
£ |
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Cost |
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At 1 August 2022 and 31 July 2023 |
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Depreciation |
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At 1 August 2022 |
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Charge for the year |
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------------- |
--------- |
------------ |
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At 31 July 2023 |
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------------- |
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Carrying amount |
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At 31 July 2023 |
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------------- |
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At 31 July 2022 |
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------------- |
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Group |
Company |
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£ |
£ |
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At 1 August 2022 and 31 July 2023 |
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------------- |
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At 1 August 2022 |
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Group |
Shares in group undertakings |
£ |
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Cost |
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At 1 August 2022 and 31 July 2023 |
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------- |
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Impairment |
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At 1 August 2022 and 31 July 2023 |
– |
------- |
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Carrying amount |
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At 1 August 2022 and 31 July 2023 |
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------- |
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At 31 July 2022 |
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------- |
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Company |
Shares in group undertakings |
£ |
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Cost |
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At 1 August 2022 and 31 July 2023 |
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------- |
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Impairment |
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At 1 August 2022 and 31 July 2023 |
– |
------- |
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Carrying amount |
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At 1 August 2022 and 31 July 2023 |
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------- |
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At 31 July 2022 |
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------- |
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Class of share |
Percentage of shares held |
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Subsidiary undertakings |
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Ordinary |
100 |
Group |
Company |
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2023 |
2022 |
2023 |
2022 |
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£ |
£ |
£ |
£ |
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Raw materials and consumables |
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------------ |
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------------ |
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Group |
Company |
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2023 |
2022 |
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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------------ |
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Group |
Company |
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2023 |
2022 |
2023 |
2022 |
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£ |
£ |
£ |
£ |
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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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Other creditors |
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– |
– |
------------ |
------------ |
------------ |
------------ |
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Group |
Deferred tax (note 19) |
£ |
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At 1 August 2022 and 31 July 2023 |
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-------- |
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Group |
Company |
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2023 |
2022 |
2023 |
2022 |
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£ |
£ |
£ |
£ |
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Included in provisions (note 18) |
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– |
– |
-------- |
-------- |
---- |
---- |
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2023 |
2022 |
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No. |
£ |
No. |
£ |
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10,000 |
10,000 |
10,000 |
10,000 |
-------- |
-------- |
-------- |
-------- |
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2023 |
2022 |
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No. |
£ |
No. |
£ |
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9,999 |
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9,999 |
------- |
------- |
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------- |
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At 1 Aug 2022 |
Cash flows |
At 31 Jul 2023 |
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£ |
£ |
£ |
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Cash at bank and in hand |
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1,296,216 |
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