Directors |
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Company Number |
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Registered Office | Aventine House |
Edwin Avenue | |
Kidderminster | |
Worcestershire | |
DY11 7RA | |
Business | Aventine House |
Edwin Avenue | |
Kidderminster | |
Worcestershire | |
DY11 7RA | |
Accountants | Harrison Partners Limited |
Masonic Building Mill Street | |
Sutton Coldfield | |
B72 1TJ | |
Auditors |
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Masonic Building | |
9 Mill Street | |
Sutton Coldfield | |
B72 1TJ | |
Director
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31 August 2024
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Director
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for and on behalf of
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Masonic Building
9 Mill Street
Sutton Coldfield
B72 1TJ
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2023 | 2022 | |||
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Notes | £ | £ | ||
TURNOVER | 3 |
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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 |
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OPERATING PROFIT | 5 |
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Profit on disposal of fixed assets |
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Other interest receivable and similar income | 10 |
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Interest payable and similar charges | 11 |
( |
( |
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PROFIT BEFORE TAXATION |
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Tax on Profit | 12 |
( |
( |
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PROFIT AFTER TAXATION BEING PROFIT FOR THE FINANCIAL YEAR ATTRIBUTABLE TO THE OWNERS OF THE PARENT |
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2023 | 2022 | |||
---|---|---|---|---|
£ | £ | |||
PROFIT FOR THE FINANCIAL YEAR |
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OTHER COMPREHENSIVE INCOME: | ||||
(Loss)/gain on revaluation of property, plant and equipment |
( |
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Tax credit/(expense) on components of other comprehensive income |
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( |
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TOTAL COMPREHENSIVE INCOME FOR THE YEAR ATTRIBUTABLE TO THE OWNERS OF THE PARENT |
( |
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2023 | 2022 | ||||
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Notes | £ | £ | £ | £ | |
FIXED ASSETS | |||||
Intangible Assets | 13 |
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Tangible Assets | 14 |
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CURRENT ASSETS | |||||
Stocks | 16 |
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Debtors | 17 |
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Cash at bank and in hand |
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Creditors: Amounts Falling Due Within One Year | 18 |
( |
( |
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NET CURRENT ASSETS (LIABILITIES) |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
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Creditors: Amounts Falling Due After More Than One Year | 19 |
( |
( |
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PROVISIONS FOR LIABILITIES | |||||
Deferred Taxation | 22 |
( |
( |
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NET ASSETS |
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CAPITAL AND RESERVES | |||||
Called up share capital | 24 |
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Share premium account |
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Revaluation reserve |
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Profit and Loss Account |
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SHAREHOLDERS' FUNDS | 2,816,623 | 3,427,384 | |||
Director
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2023 | 2022 | ||||
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Notes | £ | £ | £ | £ | |
FIXED ASSETS | |||||
Investments | 15 |
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CURRENT ASSETS | |||||
Debtors | 17 |
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Creditors: Amounts Falling Due Within One Year | 18 |
( |
( |
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NET CURRENT ASSETS (LIABILITIES) |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
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NET ASSETS |
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CAPITAL AND RESERVES | |||||
Called up share capital | 24 |
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Share premium account |
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Profit and Loss Account |
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SHAREHOLDERS' FUNDS | 751,434 | 755,734 | |||
Director
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Share Capital | Share Premium | Revaluation reserve | Profit and Loss Account | Total | |
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£ | £ | £ | £ | £ | |
As at 31 August 2021 |
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2,380,015 |
Profit for year | - | - | - | 368,249 |
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Surplus on revaluation | - | - |
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- |
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Deficit on revaluation | - | - | (298,889) | - | (298,889) |
Other comprehensive income for the year | - | - |
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Total comprehensive income for the year | - | - | 679,120 |
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1,047,369 |
As at 31 August 2022 and 1 September 2022 |
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3,427,384 |
Profit for year | - | - | - | 117,093 |
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Surplus on revaluation | - | - |
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- |
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Deficit on revaluation | - | - | (968,532) | - | (968,532) |
Other comprehensive income for the year | - | - |
( |
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( |
Total comprehensive income for the year | - | - | (727,854) |
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(610,761) |
As at 31 August 2023 |
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2,816,623 |
Share Capital | Share Premium | Profit and Loss Account | Total | |
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£ | £ | £ | £ | |
As at 31 August 2021 |
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759,934 |
Loss for the year and total comprehensive income | - | - |
( |
(4,200) |
As at 31 August 2022 and 1 September 2022 |
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755,734 |
Loss for the year and total comprehensive income | - | - |
( |
(4,300) |
As at 31 August 2023 |
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751,434 |
2023 | 2022 | |||
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Notes | £ | £ | ||
Cash flows from operating activities | ||||
Net cash generated from operations | 1 |
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Interest paid |
( |
( |
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Net cash generated from/(used in) operating activities |
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( |
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Cash flows from investing activities | ||||
Purchase of intangible assets |
( |
( |
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Purchase of tangible assets |
( |
( |
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Proceeds from disposal of tangible assets |
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Grants received |
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Interest received |
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Net cash used in investing activities |
( |
( |
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Cash flows from financing activities | ||||
Proceeds from new bank borrowings |
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Repayment of bank borrowings |
( |
( |
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Repayment of finance leases |
( |
( |
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Proceeds from new HP borrowings | 92,570 | 187,225 | ||
Net cash generated from/(used in) financing activities |
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( |
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Increase/(decrease) in cash and cash equivalents |
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( |
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Cash and cash equivalents at beginning of year | 2 |
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Cash and cash equivalents at end of year | 2 |
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2023 | 2022 | ||
---|---|---|---|
£ | £ | ||
Profit for the financial year |
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Adjustments for: | |||
Tax on profit |
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Interest expense |
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Interest income |
( |
( |
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Amortisation of intangible assets |
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Depreciation of tangible assets |
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Profit on disposal of tangible assets | (114) | (7,732) | |
Grant income | (7,038) | (7,038) | |
Movements in working capital: | |||
Decrease/(increase) in stocks |
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( |
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Decrease/(increase) in trade and other debtors |
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( |
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(Decrease)/increase in trade and other creditors |
( |
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Net cash generated from operations |
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2023 | 2022 | ||
---|---|---|---|
£ | £ | ||
Cash at bank and in hand |
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As at 1 September 2022 | Cash flows | New finance leases | As at 31 August 2023 | |
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£ | £ | £ | £ | |
Cash at bank and in hand |
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663,122 | - |
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Finance leases | (236,923) | 107,807 | (92,570) | (221,686) |
Debts falling due within one year |
( |
21,107 | - |
( |
Debts falling due after more than one year | (1,140,442) | (55,277) | - | (1,195,719) |
(1,443,649) | 736,759 | (92,570) | (799,460) | |
Freehold |
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Plant & Machinery |
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Motor Vehicles |
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Fixtures & Fittings |
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Computer Equipment |
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2023 | 2022 | ||
---|---|---|---|
£ | £ | ||
United Kingdom |
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12,198,273 | 10,485,108 | ||
2023 | 2022 | ||
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£ | £ | ||
Grant income |
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Other operating income | - |
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7,038 | 10,538 | ||
2023 | 2022 | ||
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£ | £ | ||
Exchange differences | - |
( |
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Depreciation of tangible fixed assets |
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Amortisation of intangible fixed assets |
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2023 | 2022 | ||
---|---|---|---|
£ | £ | ||
Audit Services | |||
Audit of the group and company's financial statements |
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Other Services | |||
Audit-related assurance services |
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Taxation compliance service |
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7,500 | 6,950 | ||
2023 | 2022 | ||
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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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2023 | 2022 | ||
---|---|---|---|
Office and administration |
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Sales, marketing and distribution |
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Technical |
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Warehouse |
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2023 | 2022 | ||
---|---|---|---|
£ | £ | ||
Emoluments |
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Company contributions to money purchase pension schemes |
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2023 | 2022 | ||
---|---|---|---|
£ | £ | ||
Bank interest receivable |
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2023 | 2022 | ||
---|---|---|---|
£ | £ | ||
Bank loans and overdrafts |
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Interest payable on other loans | - |
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Finance charges payable under finance leases and hire purchase contracts | 9,868 | 9,049 | |
82,678 | 48,048 | ||
The tax charge on the profit for the year was as follows:
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Tax Rate | 2023 | 2022 | |||
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2023 | 2022 | £ | £ | ||
Current tax | |||||
UK Corporation Tax | 21.5% | 19.0% |
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Deferred Tax | |||||
Deferred taxation |
( |
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Total tax charge for the period |
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The actual charge for the year can be reconciled to the expected charge for the year based on the profit and the standard rate of corporation tax as follows:
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2023 | 2022 | ||||
£ | £ | ||||
Profit before tax | 131,486 | 391,797 | |||
Tax on profit at 21.5% (UK standard rate) |
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Goodwill/depreciation not allowed for tax |
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Expenses not deductible for tax purposes |
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Capital allowances |
( |
( |
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Short term timing differences |
( |
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Tax losses unutilised carried forward |
( |
( |
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Total tax charge for the period | 14,393 | 23,548 | |||
Other | |||
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£ | |||
Cost | |||
As at 1 September 2022 |
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Additions |
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As at 31 August 2023 |
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Amortisation | |||
As at 1 September 2022 |
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Provided during the period |
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As at 31 August 2023 |
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Net Book Value | |||
As at 31 August 2023 |
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As at 1 September 2022 |
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Land & Property | ||||
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Freehold | Plant & Machinery | Motor Vehicles | Fixtures & Fittings | |
£ | £ | £ | £ | |
Cost or Valuation | ||||
As at 1 September 2022 |
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Additions |
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Disposals |
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( |
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Revaluation | (968,532) |
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As at 31 August 2023 |
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Depreciation | ||||
As at 1 September 2022 |
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Provided during the period |
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Disposals |
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( |
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As at 31 August 2023 |
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Net Book Value | ||||
As at 31 August 2023 |
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As at 1 September 2022 |
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Computer Equipment | Total | |
---|---|---|
£ | £ | |
Cost or Valuation | ||
As at 1 September 2022 |
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Additions |
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Disposals |
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( |
Revaluation |
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( |
As at 31 August 2023 |
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Depreciation | ||
As at 1 September 2022 |
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Provided during the period |
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Disposals |
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( |
As at 31 August 2023 |
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Net Book Value | ||
As at 31 August 2023 |
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As at 1 September 2022 |
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2023 | 2022 | ||
---|---|---|---|
£ | £ | ||
Plant & Machinery |
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Fixtures & Fittings |
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Motor Vehicles |
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Subsidiaries | |
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£ | |
Cost | |
As at 1 September 2022 |
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As at 31 August 2023 |
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Provision | |
As at 1 September 2022 |
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As at 31 August 2023 |
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Net Book Value | |
As at 31 August 2023 |
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As at 1 September 2022 |
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Name of undertaking | Registered Office | Class of shares held | Direct holding | Indirect holding |
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Aventine House, Hoo Farm Ind Estate, DY11 7RA |
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- |
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Aventine House, Hoofarm Ind Estate, DY11 7RA |
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- |
Capital and Reserves | Profit/(loss) | |
---|---|---|
£ | £ | |
Greensafe IT Limited |
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Greensafe Property Limited |
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2023 | 2022 | ||
---|---|---|---|
£ | £ | ||
Stock |
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Group | Company | ||||||
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2023 | 2022 | 2023 | 2022 | ||||
£ | £ | £ | £ | ||||
Due within one year | |||||||
Trade debtors |
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Prepayments and accrued income |
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Other debtors |
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Amounts owed by group undertakings | - | - |
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Group | Company | ||||||
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2023 | 2022 | 2023 | 2022 | ||||
£ | £ | £ | £ | ||||
Net obligations under finance lease and hire purchase contracts |
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Trade creditors |
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Bank loans and overdrafts |
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Other creditors | 105,444 | 111,618 | 100 | 100 | |||
Corporation tax |
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Taxation and social security | 477,202 | 350,917 | - | - | |||
Accruals and deferred income |
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Group | ||||
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2023 | 2022 | |||
£ | £ | |||
Net obligations under finance lease and hire purchase contracts |
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Bank loans |
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Other creditors | 658,822 | 426,631 | ||
Accruals and deferred income |
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Group | ||||
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2023 | 2022 | |||
£ | £ | |||
Amounts falling due within one year or on demand: | ||||
Bank loans |
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Group | ||||
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2023 | 2022 | |||
£ | £ | |||
Amounts falling due between one and five years: | ||||
Bank loans |
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Group | ||||
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2023 | 2022 | |||
£ | £ | |||
The future minimum finance lease payments are as follows: | ||||
Not later than one year |
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Later than one year and not later than five years |
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2023 | 2022 | ||
---|---|---|---|
£ | £ | ||
Other timing differences | 394,869 | 648,064 | |
Group | ||
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Deferred Tax | Total | |
£ | £ | |
As at 1 September 2022 |
|
648,064 |
Reversals |
( |
(253,195) |
Balance at 31 August 2023 |
|
394,869 |
2023 | 2022 | ||
---|---|---|---|
£ | £ | ||
Not later than one year |
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Later than one year and not later than five years | - |
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