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Balance Sheet | 1—2 |
Notes to the Financial Statements | 3—5 |
2024 | 2023 | ||||
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Notes | £ | £ | £ | £ | |
FIXED ASSETS | |||||
Tangible Assets | 4 |
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Investments | 5 |
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CURRENT ASSETS | |||||
Debtors | 6 |
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Cash at bank and in hand |
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Creditors: Amounts Falling Due Within One Year | 7 |
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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 | 8 |
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PROVISIONS FOR LIABILITIES | |||||
Deferred Taxation |
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NET ASSETS |
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CAPITAL AND RESERVES | |||||
Called up share capital | 9 |
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Profit and Loss Account |
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SHAREHOLDERS' FUNDS | 782,839 | 689,040 | |||
Director
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Leasehold |
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Plant & Machinery |
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Computer Equipment |
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Land & Property | ||||
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Leasehold | Plant & Machinery | Computer Equipment | Total | |
£ | £ | £ | £ | |
Cost | ||||
As at 1 April 2023 |
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Disposals |
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As at 31 March 2024 |
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Depreciation | ||||
As at 1 April 2023 |
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Provided during the period |
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Disposals |
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As at 31 March 2024 |
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Net Book Value | ||||
As at 31 March 2024 |
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As at 1 April 2023 |
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Other | |
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Cost | |
As at 1 April 2023 |
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Additions |
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Disposals |
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As at 31 March 2024 |
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Provision | |
As at 1 April 2023 |
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Added in period |
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Impairment losses |
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As at 31 March 2024 |
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Net Book Value | |
As at 31 March 2024 |
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As at 1 April 2023 |
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2024 | 2023 | ||
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Due within one year | |||
Trade debtors |
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£ | £ | ||
Trade creditors |
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Bank loans and overdrafts | - |
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Corporation tax |
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Other taxes and social security |
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Other creditors |
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Accruals and deferred income |
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Directors' loan accounts |
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2024 | 2023 | ||
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£ | £ | ||
Bank loans | - |
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The directors
The directors have a credit loan balance with the company which is lent on an unsecured, interest free basis with no fixed date for repayment. The amount due to the directors at 31 March 2024 was £236 (2023 £955 ).
Elmington Property Limited
The directors and shareholders have a significant interest in Elmington Property Limited
The company has made available funds to Elmington Property Limited on an unsecured basis, charging interest at 5% per annum and is repayable on the sale of the company's property. Interest charged during the period amounted to £21,831. Full provision was made against the interest during the year. The balance owed by Elmington Property Limited at 31 March 2024 amounted to £50,567 (2023: £555,854)
Meat Limited
Mr Bamford, a director, has a significant interest in Meat Limited
The company provided funding and consultancy services to Meat Limited. The company received interest during the year of £165 and consultancy fees of £4,756. The balance owed to the company at the year end amounted to £788 (2023: £5,379)