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FINANCIAL STATEMENTS |
Contents |
Pages |
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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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8 Market Place |
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Huddersfield |
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West Yorkshire |
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HD1 2AL |
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STRATEGIC REPORT |
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DIRECTORS' REPORT |
G C Bird
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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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CONSOLIDATED 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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Interest receivable |
10 |
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------------ |
------------ |
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Profit before taxation |
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Taxation on ordinary activities |
11 |
(
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(
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------------ |
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Profit for the financial year and total comprehensive income |
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------------ |
------------ |
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CONSOLIDATED BALANCE SHEET |
2023 |
2022 |
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Note |
£ |
£ |
Tangible assets |
13 |
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Debtors |
15 |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
16 |
(
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(
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Net current assets |
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------------ |
------------ |
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Total assets less current liabilities |
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Taxation including deferred tax |
17 |
(
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(
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Net assets |
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------------ |
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Called up share capital |
20 |
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Capital redemption reserve |
21 |
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Profit and loss account |
21 |
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------------ |
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Shareholders funds |
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------------ |
------------ |
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BALANCE SHEET |
2023 |
2022 |
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Note |
£ |
£ |
Investments |
14 |
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Debtors |
15 |
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Creditors: amounts falling due within one year |
16 |
(
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(
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------------ |
------------ |
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Net current liabilities |
(
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(
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------------ |
------------ |
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Total assets less current liabilities |
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------------ |
------------ |
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Called up share capital |
20 |
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Capital redemption reserve |
21 |
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Profit and loss account |
21 |
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------------ |
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Shareholders funds |
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------------ |
------------ |
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CONSOLIDATED STATEMENT OF CHANGES IN EQUITY |
Called up share capital |
Capital redemption reserve |
Profit and loss account |
Total |
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£ |
£ |
£ |
£ |
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At 1 January 2022 |
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Profit for the year |
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------------ |
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Total comprehensive income for the year |
– |
– |
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Dividends paid and payable |
12 |
– |
– |
(
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(
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Total investments by and distributions to owners |
– |
– |
(
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(
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At 31 December 2022 |
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Profit for the year |
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Total comprehensive income for the year |
– |
– |
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Dividends paid and payable |
12 |
– |
– |
(
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(
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Total investments by and distributions to owners |
– |
– |
(
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(
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------------ |
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At 31 December 2023 |
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COMPANY STATEMENT OF CHANGES IN EQUITY |
Called up share capital |
Capital redemption reserve |
Profit and loss account |
Total |
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£ |
£ |
£ |
£ |
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At 1 January 2022 |
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Profit for the year |
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Total comprehensive income for the year |
– |
– |
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Dividends paid and payable |
12 |
– |
– |
(
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(
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Total investments by and distributions to owners |
– |
– |
(
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(
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At 31 December 2022 |
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Profit for the year |
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Total comprehensive income for the year |
– |
– |
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Dividends paid and payable |
12 |
– |
– |
(
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(
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Total investments by and distributions to owners |
– |
– |
(
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(
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At 31 December 2023 |
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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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Interest receivable |
(
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(
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Gains on disposal of tangible assets |
(
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– |
Taxation on ordinary activities |
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Accrued 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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(
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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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– |
------------ |
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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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(
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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 |
2,179,601 |
2,836,964 |
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Cash and cash equivalents at end of year |
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NOTES TO THE FINANCIAL STATEMENTS |
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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Management fees |
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Construction contracts |
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------------- |
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2023 |
2022 |
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£ |
£ |
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R&D expenditure credit |
– |
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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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Gains on disposal of tangible assets |
(
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– |
Operating lease rentals |
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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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Direct and contracting |
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Directors, management and administration |
8
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9
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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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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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Other interest receivable and similar income |
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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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Adjustments in respect of prior periods |
– |
(
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------------ |
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Total current tax |
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------------ |
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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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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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Rounding on tax charge |
(
1) |
– |
Effect of change in tax rate on opening deferred tax provision |
(
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(
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Effect of change in tax rate on closing deferred tax provision |
1,251
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4,151
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Super deduction expenditure adjustment |
(
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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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------------ |
------------ |
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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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Group |
Plant and machinery |
Fixtures and fittings |
Motor vehicles |
Total |
£ |
£ |
£ |
£ |
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Cost |
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At 1 January 2023 |
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Additions |
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– |
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Disposals |
(
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– |
– |
(
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------------ |
------------ |
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------------ |
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At 31 December 2023 |
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Depreciation |
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At 1 January 2023 |
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Charge for the year |
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Disposals |
(
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– |
– |
(
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------------ |
------------ |
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------------ |
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At 31 December 2023 |
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------------ |
------------ |
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Carrying amount |
||||
At 31 December 2023 |
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------------ |
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At 31 December 2022 |
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Company |
Shares in group undertakings |
£ |
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Cost |
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At 1 January 2023 and 31 December 2023 |
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------------ |
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Impairment |
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At 1 January 2023 and 31 December 2023 |
– |
------------ |
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Carrying amount |
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At 1 January 2023 and 31 December 2023 |
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------------ |
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At 31 December 2022 |
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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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Amounts owed by group undertakings |
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– |
– |
Amounts owed by customers on construction contracts |
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– |
– |
Called up share capital not paid |
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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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Amounts owed by group undertakings |
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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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– |
– |
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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– |
– |
Amounts owed to customers on construction contracts |
1,153,102 |
2,451,485 |
– |
– |
Director loan accounts |
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– |
– |
------------ |
------------ |
------------ |
------------ |
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------------ |
------------ |
------------ |
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Group |
Deferred tax (note 18) |
£ |
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At 1 January 2023 |
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Additions |
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------------ |
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At 31 December 2023 |
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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 17) |
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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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Accelerated capital allowances |
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– |
– |
Pension plan obligations |
(
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(
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– |
– |
------------ |
------------ |
------------ |
------------ |
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21,140 |
17,295 |
– |
– |
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------------ |
------------ |
------------ |
------------ |
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2023 |
2022 |
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No. |
£ |
No. |
£ |
|
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|
420 |
|
420 |
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|
190 |
|
190 |
|
|
90 |
|
90 |
------------ |
------------ |
------------ |
------------ |
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|
700 |
|
700 |
|
------------ |
------------ |
------------ |
------------ |
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At 1 Jan 2023 |
Cash flows |
At 31 Dec 2023 |
|
£ |
£ |
£ |
|
Cash at bank and in hand |
|
178,638 |
|
Debt due within one year |
(17,820) |
3,470 |
(14,350) |
------------ |
------------ |
------------ |
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------------ |
------------ |
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Group |
Company |
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2023 |
2022 |
2023 |
2022 |
|
£ |
£ |
£ |
£ |
|
Not later than 1 year |
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|
– |
– |
------------ |
------------ |
------------ |
------------ |
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NOTES TO THE FINANCIAL STATEMENTS (continued) |