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Financial Statements |
Contents |
Page |
Officers and professional advisers |
1 |
Strategic report |
2 |
Directors' report |
4 |
Independent auditor's report to the members |
6 |
Statement of income and retained earnings |
10 |
Statement of financial position |
11 |
Statement of cash flows |
12 |
Notes to the financial statements |
13 |
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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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Milton Keynes |
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United Kingdom |
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Strategic Report |
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Director |
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Directors' Report |
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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 |
Milton Keynes |
United Kingdom |
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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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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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Interest payable and similar expenses |
11 |
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Profit before taxation |
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Tax on profit |
12 |
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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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Statement of Financial Position |
2023 |
2022 |
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Note |
£ |
£ |
£ |
Tangible assets |
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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– |
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Net assets |
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Called up share capital |
21 |
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Profit and loss account |
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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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Interest payable and similar expenses |
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Tax on profit |
530,358
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Accrued (income)/expenses |
(
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Changes in: |
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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 paid |
(
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(
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Tax paid |
(
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(
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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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Proceeds from borrowings |
– |
(
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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 decrease in cash and cash equivalents |
(
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(
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Cash and cash equivalents at beginning of year |
7,513,558 |
9,478,176 |
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Cash and cash equivalents at end of year |
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Notes to the Financial Statements |
Land and buildings |
- |
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Computer Equipment |
- |
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Office Equipment |
- |
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Motor Vehicle |
- |
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2023 |
2022 |
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£ |
£ |
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Sale of goods |
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2023 |
2022 |
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£ |
£ |
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United Kingdom |
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Overseas |
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2023 |
2022 |
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£ |
£ |
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Other operating 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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Impairment of trade debtors |
104,978 |
153,150 |
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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Administrative staff |
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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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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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2023 |
2022 |
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£ |
£ |
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Aggregate 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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£ |
£ |
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Exceptional item |
– |
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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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---- |
------- |
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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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– |
--------- |
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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 |
530,358
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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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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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Effect of capital allowances and depreciation |
(
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(
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Effect of different UK tax rates on some earnings |
(44,328) |
– |
Tax chargeable on loans to participators |
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– |
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Tax on profit |
456,639
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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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Land and buildings |
Computer Equipment |
Office Equipment |
Motor vehicles |
Total |
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£ |
£ |
£ |
£ |
£ |
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Cost |
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At 31 October 2022 |
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Additions |
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At 30 October 2023 |
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Depreciation |
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At 31 October 2022 |
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Charge for the year |
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At 30 October 2023 |
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Carrying amount |
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At 30 October 2023 |
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At 30 October 2022 |
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2023 |
2022 |
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£ |
£ |
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Contracted for but not provided for in the financial statements |
– |
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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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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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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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Open Data Centre Ltd |
– |
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Short term borrowings |
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------------ |
------------ |
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Deferred tax (note 19) |
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£ |
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At 31 October 2022 |
– |
Additions |
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-------- |
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At 30 October 2023 |
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-------- |
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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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£ |
£ |
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Accelerated capital allowances |
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– |
-------- |
---- |
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2023 |
2022 |
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No. |
£ |
No. |
£ |
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100 |
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100 |
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1 |
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1 |
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1 |
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1 |
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1 |
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1 |
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1 |
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1 |
Ordinary E shares of £1 each |
1 |
1 |
1 |
1 |
-------- |
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At 31 Oct 2022 |
Cash flows |
At 30 Oct 2023 |
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£ |
£ |
£ |
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Cash at bank and in hand |
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(401,960) |
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Notes to the Financial Statements (continued) |
2023 |
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Balance brought forward |
Advances/ (credits) to the directors |
Amounts repaid |
Balance outstanding |
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£ |
£ |
£ |
£ |
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– |
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– |
– |
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– |
(
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(
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2022 |
|||||
Balance brought forward |
Advances/ (credits) to the directors |
Amounts repaid |
Balance outstanding |
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£ |
£ |
£ |
£ |
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(
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(
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(
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(
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