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Financial Statements |
Contents |
Pages |
Officers and professional advisers |
1 |
Strategic report |
2 to 4 |
Directors' report |
5 to 6 |
Independent auditor's report to the members |
7 to 10 |
Statement of income and retained earnings |
11 |
Statement of financial position |
12 |
Statement of cash flows |
13 |
Notes to the financial statements |
14 to 21 |
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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 Auditors |
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2 Westbrook Court |
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Sharrow Vale Road |
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Sheffield |
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S11 8YZ |
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Strategic Report |
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Director |
Registered office: |
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Directors' Report |
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Director |
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 Auditors |
2 Westbrook Court |
Sharrow Vale Road |
Sheffield |
S11 8YZ |
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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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(
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Gross profit |
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Distribution costs |
(
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(
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Administrative expenses |
(
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(
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Operating profit |
5 |
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Interest receivable |
9 |
– |
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Interest payable |
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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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 |
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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 |
13 |
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Debtors |
14 |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
15 |
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Net current assets/(liabilities) |
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(
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Total assets less current liabilities |
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Creditors: amounts falling due after more than one year |
16 |
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Taxation including deferred tax |
18 |
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Net assets |
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Called up share capital |
21 |
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Share premium account |
22 |
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Profit and loss account |
22 |
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Shareholders funds |
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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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Interest receivable |
– |
(
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Interest payable |
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Gains on disposal of tangible assets |
– |
(
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Taxation on ordinary activities |
267,718 |
267,883 |
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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Interest paid |
(
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(
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Interest received |
– |
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Tax received |
– |
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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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– |
Repayments of borrowings |
(
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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 in cash and cash equivalents |
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Cash and cash equivalents at beginning of year |
822,791 |
782,159 |
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Cash and cash equivalents at end of year |
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Notes to the Financial Statements |
Freehold Property |
- |
1.5% straight line
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Plant & Machinery |
- |
10% Straight line
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Fixtures & Fittings |
- |
15%-25% Straight line
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Motor Vehicles |
- |
20%-25% Straight line
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Rental Linen & Workwear |
- |
33%-50% Straight line
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2023 |
2022 |
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£ |
£ |
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Services of laundering, linen rental, garment rental and wash room services |
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2023 |
2022 |
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£ |
£ |
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Depreciation of tangible assets |
951,272
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986,811
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Cost of sales |
715,888 |
666,657 |
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Gains on disposal of tangible assets |
– |
(
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Impairment of trade debtors |
779 |
4,906 |
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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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---- |
---- |
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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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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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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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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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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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Taxation on ordinary activities |
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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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Effect of the change in rate in relation to deferred tax |
– |
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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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Land and buildings |
Plant and machinery |
Fixtures and fittings |
Motor vehicles |
Pool rental linen |
Total |
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£ |
£ |
£ |
£ |
£ |
£ |
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Cost |
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At 1 Jan 2023 |
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Additions |
– |
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Disposals |
– |
– |
– |
– |
(
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(
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At 31 Dec 2023 |
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Depreciation |
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At 1 Jan 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 Dec 2023 |
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Carrying amount |
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At 31 Dec 2023 |
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At 31 Dec 2022 |
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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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At 31 December 2022 |
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2023 |
2022 |
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£ |
£ |
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Trade debtors |
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Prepayments and accrued income |
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Directors loan account |
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Other debtors |
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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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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 loans |
– |
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Other creditors |
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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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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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Deferred tax (note 19) |
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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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2023 |
2022 |
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£ |
£ |
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Included in provisions (note 18) |
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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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50,000 |
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50,000 |
-------- |
-------- |
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At 1 Jan 2023 |
Cash flows |
At 31 Dec 2023 |
|
£ |
£ |
£ |
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Cash at bank and in hand |
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224,764 |
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Debt due within one year |
(858,943) |
217,535 |
(641,408) |
Debt due after one year |
(1,658,378) |
(605,050) |
(2,263,428) |
------------ |
--------- |
------------ |
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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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Later than 1 year and not later than 5 years |
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--------- |
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