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Financial Statements |
Contents |
Page |
Strategic report |
1 |
Director's report |
2 |
Independent auditor's report to the members |
4 |
Statement of income and retained earnings |
8 |
Statement of financial position |
9 |
Statement of cash flows |
10 |
Notes to the financial statements |
11 |
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Strategic Report |
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Director |
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Registered office: |
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Director's Report |
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Director |
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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 |
Lyndhurst |
1-3 Cranmer Street |
Long Eaton |
Nottingham |
NG10 1NJ |
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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 |
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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(
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Retained earnings at the start of the year (as previously reported) |
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Prior period adjustments |
– |
22,837 |
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Retained earnings at the start of the year (restated) |
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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 |
£ |
£ |
Intangible assets |
13 |
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Tangible assets |
14 |
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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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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 |
17 |
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Provisions |
19 |
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Net assets |
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Called up share capital |
22 |
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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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Amortisation of intangible assets |
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Interest payable and similar expenses |
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Loss/(gains) on disposal of tangible assets |
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(
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Tax on profit |
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Accrued expenses |
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Changes in: |
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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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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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(
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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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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 |
457,964 |
763,875 |
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Cash and cash equivalents at end of year |
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--------- |
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Notes to the Financial Statements |
Goodwill |
- |
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Property improvement |
- |
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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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Rendering of services |
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------------ |
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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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Amortisation of intangible assets |
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Depreciation of tangible assets |
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Loss/(gains) on disposal of tangible assets |
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(
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Impairment of trade debtors |
2,075 |
1,255 |
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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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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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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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Interest on banks loans and overdrafts |
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Interest on obligations under finance leases and hire purchase contracts |
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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 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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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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Group relief |
– |
(88,028) |
Chargeable gains |
– |
2,753 |
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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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Goodwill |
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£ |
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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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Amortisation |
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At 1 January 2023 |
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Charge for the year |
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-------- |
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At 31 December 2023 |
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-------- |
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Carrying amount |
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At 31 December 2023 |
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-------- |
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At 31 December 2022 |
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Land and buildings |
Plant and machinery |
Fixtures and fittings |
Motor vehicles |
Total |
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£ |
£ |
£ |
£ |
£ |
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Cost |
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At 1 January 2023 |
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Additions |
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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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------------ |
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At 31 December 2023 |
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--------- |
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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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-------- |
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Plant and machinery |
Motor vehicles |
Total |
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£ |
£ |
£ |
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At 31 December 2023 |
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--------- |
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--------- |
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At 31 December 2022 |
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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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Amounts owed by group undertakings |
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Prepayments and accrued income |
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Director's 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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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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Corporation tax |
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Social security and other taxes |
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Obligations under finance leases and hire purchase contracts |
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------------ |
------------ |
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------------ |
------------ |
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2023 |
2022 |
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£ |
£ |
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Bank loan |
– |
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Obligations under finance leases and hire purchase contracts |
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-------- |
--------- |
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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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--------- |
--------- |
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Deferred tax (note 20) |
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£ |
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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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--------- |
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2023 |
2022 |
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£ |
£ |
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Included in provisions (note 19) |
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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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At 1 Jan 2023 |
Cash flows |
At 31 Dec 2023 |
|
£ |
£ |
£ |
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Cash at bank and in hand |
|
112,088 |
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Debt due within one year |
(500,001) |
(1,219,800) |
(1,719,801) |
Debt due after one year |
(303,525) |
248,530 |
(54,995) |
--------- |
------------ |
------------ |
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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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Not later than 1 year |
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Later than 1 year and not later than 5 years |
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--------- |
--------- |
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Notes to the Financial Statements (continued) |
2023 |
|||||
Balance brought forward |
Advances/ (credits) to the director |
Amounts repaid |
Balance outstanding |
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£ |
£ |
£ |
£ |
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(
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--------- |
--------- |
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2022 |
|||||
Balance brought forward |
Advances/ (credits) to the director |
Amounts repaid |
Balance outstanding |
||
£ |
£ |
£ |
£ |
||
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|
(
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--------- |
--------- |
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Transaction value |
Balance owed by/(owed to) |
|||
2023 |
2022 |
2023 |
2022 |
|
£ |
£ |
£ |
£ |
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Companies with control over the entity |
1,662,005 |
2,256,713 |
(
19,673) |
765,677 |
Companies subject to common control or influence |
– |
– |
86,139 |
80,551 |
------------ |
------------ |
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