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FINANCIAL STATEMENTS |
Contents |
Pages |
Officers and professional advisers |
1 |
Strategic report |
2 to 3 |
Directors' report |
4 to 5 |
Independent auditor's report to the members |
6 to 9 |
Statement of income and retained earnings |
10 |
Statement of financial position |
11 |
Statement of cash flows |
12 |
Notes to the financial statements |
13 to 21 |
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OFFICERS AND PROFESSIONAL ADVISERS |
The board of directors |
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Registered office |
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Auditor |
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Accountants & statutory auditor |
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The Old Mill |
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Blisworth Hill Farm |
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Stoke Road |
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Blisworth |
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Northampton |
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NN7 3DB |
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Bankers |
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44 High Street |
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Daventry |
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Northants |
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NN11 4FZ |
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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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Accountants & statutory auditor |
The Old Mill |
Blisworth Hill Farm |
Stoke Road |
Blisworth |
Northampton |
NN7 3DB |
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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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Distribution costs |
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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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Other interest receivable and similar income |
10 |
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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 |
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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Creditors: amounts falling due after more than one year |
18 |
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Taxation including deferred tax |
20 |
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Net assets |
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Called up share capital |
23 |
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Profit and loss account |
24 |
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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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Other interest receivable and similar income |
(
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(
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Interest payable and similar expenses |
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Loss on disposal of tangible assets |
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– |
Tax on profit |
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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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Interest paid |
(
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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 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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– |
Proceeds from sale of subsidiaries |
– |
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Net cash (used in)/from investing activities |
(
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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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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)/increase in cash and cash equivalents |
(
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Cash and cash equivalents at beginning of year |
656,018 |
560,451 |
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Cash and cash equivalents at end of year |
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NOTES TO THE FINANCIAL STATEMENTS |
Long Leasehold Property |
- |
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Plant and Machinery |
- |
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Fixtures and Fittings |
- |
10% - 20% Straight line
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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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United Kingdom |
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Overseas sales - Europe |
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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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Loss on disposal of tangible assets |
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– |
Impairment of trade debtors |
33 |
19,864 |
-------- |
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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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Number of sales and 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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2023 |
2022 |
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£ |
£ |
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Remuneration |
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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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Interest on cash and cash equivalents |
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------- |
---- |
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2023 |
2022 |
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£ |
£ |
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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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--------- |
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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 expenses not deductible for tax purposes |
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Effect of capital allowances and depreciation |
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Movement in deferred taxation |
(
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(
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Tax on profit |
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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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Long leasehold property |
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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– |
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Disposals |
– |
– |
(
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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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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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--------- |
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Motor vehicles |
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£ |
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At 31 December 2023 |
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-------- |
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At 31 December 2022 |
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--------- |
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2023 |
2022 |
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£ |
£ |
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Raw materials and consumables |
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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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------------ |
------------ |
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------------ |
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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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Obligations under finance leases and hire purchase contracts |
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Other creditors |
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------------ |
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2023 |
2022 |
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£ |
£ |
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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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-------- |
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Deferred tax (note 21) |
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£ |
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At 1 January 2023 |
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Charge against provision |
(
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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 20) |
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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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400,000 |
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400,000 |
--------- |
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At 1 Jan 2023 |
Cash flows |
At 31 Dec 2023 |
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£ |
£ |
£ |
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Cash at bank and in hand |
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(181,868) |
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Debt due within one year |
(949,390) |
362,796 |
(586,594) |
Debt due after one year |
(23,808) |
12,604 |
(11,204) |
--------- |
--------- |
--------- |
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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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Transaction value |
Balance owed by/(owed to) |
|||
2023 |
2022 |
2023 |
2022 |
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£ |
£ |
£ |
£ |
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POLIFILM PROTECTION GmbH
|
|
|
– |
(
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Other Related Parties
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7,672,965
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9,819,499
|
(
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(838,245) |
------------ |
------------ |
--------- |
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