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FOR THE YEAR ENDED |
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FINANCIAL STATEMENTS |
Contents |
Page |
Officers and Professional Advisers |
1 |
Strategic Report |
2 |
Directors' Report |
4 |
Independent Auditor's Report to the Members |
6 |
Statement of Income and Retained Earnings |
11 |
Statement of Financial Position |
12 |
Statement of Cash Flows |
13 |
Notes to the Financial Statements |
14 |
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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 auditor |
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Halifax House |
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30 George Street |
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Hull |
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East Yorkshire |
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HU1 3AJ |
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STRATEGIC REPORT |
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Director |
Registered office: |
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DIRECTORS' REPORT |
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(Resigned
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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 auditor |
Halifax House |
30 George Street |
Hull |
East Yorkshire |
HU1 3AJ |
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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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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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Capital redemption reserve |
22 |
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Profit and loss account |
22 |
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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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Gains on disposal of tangible assets |
– |
(
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Tax on profit |
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Accrued (income)/expenses |
(
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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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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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--------- |
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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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--------- |
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Net cash used in investing activities |
(
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(
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--------- |
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Dividends paid |
(
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(
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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 |
9,011,464 |
8,022,024 |
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Cash and Cash Equivalents at End of Year |
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NOTES TO THE FINANCIAL STATEMENTS |
Freehold property | - | straight line over 50 years | |
Plant and machinery | - | straight line over 3 to 10 years | |
2023 |
2022 |
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£ |
£ |
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Sale of goods |
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2023 |
2022 |
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£ |
£ |
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Rental income |
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Other operating income |
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– |
-------- |
-------- |
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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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Gains on disposal of tangible assets |
– |
(
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Impairment of trade debtors |
(22,988) |
11,595 |
Operating lease expense |
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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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Taxation advisory services |
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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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Distribution 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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--------- |
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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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Interest on cash and cash equivalents |
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Other interest receivable and similar income |
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– |
--------- |
-------- |
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2023 |
2022 |
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£ |
£ |
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Other interest payable and similar charges |
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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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Adjustments in respect of prior periods |
(
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(
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--------- |
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Total current tax |
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Origination and reversal of timing differences |
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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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------------ |
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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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(
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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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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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--------- |
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Freehold property |
Plant and machinery |
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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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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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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At 31 December 2022 |
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2023 |
2022 |
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£ |
£ |
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Contracted for but not provided for in the financial statements |
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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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Finished goods and goods for resale |
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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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Corporation tax repayable |
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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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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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------------ |
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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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--------- |
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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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1,000 |
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1,000 |
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30 |
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30 |
------- |
------- |
------- |
------- |
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------- |
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------- |
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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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(905,527) |
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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) |
Transaction value |
Balance owed by/(owed to) |
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2023 |
2022 |
2023 |
2022 |
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£ |
£ |
£ |
£ |
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Group companies - purchases of goods and services
|
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(
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(
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Group companies - loans
|
– |
– |
650,000
|
– |
--------- |
------------ |
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