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For the year ended |
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Financial Statements |
Contents |
Page |
Officers and professional advisers |
1 |
Strategic report |
2 |
Director's report |
4 |
Independent auditor's report to the members |
6 |
Statement of comprehensive income |
10 |
Statement of financial position |
11 |
Statement of changes in equity |
12 |
Notes to the financial statements |
13 |
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Officers and Professional Advisers |
Director |
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Registered office |
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Auditor |
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7 Centre Court |
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Treforest Industrial Estate |
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Pontypridd |
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CF37 5YR |
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Strategic Report |
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Director |
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Registered office: |
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Director's Report |
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Director |
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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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7 Centre Court |
Treforest Industrial Estate |
Pontypridd |
CF37 5YR |
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Statement of Comprehensive Income |
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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Administrative expenses |
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Other operating income |
5 |
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Operating profit |
6 |
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Amounts written back to investments |
– |
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Interest payable and similar expenses |
10 |
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Profit before taxation |
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Tax on profit |
11 |
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Profit for the financial year |
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Revaluation of tangible assets |
(
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– |
Tax relating to components of other comprehensive income |
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– |
--------- |
---- |
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Other comprehensive income for the year |
(
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– |
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Total comprehensive income for the year |
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Statement of Financial Position |
2023 |
2022 |
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Note |
£ |
£ |
Intangible assets |
13 |
– |
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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 liabilities |
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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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Provisions |
20 |
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Net assets |
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Called up share capital |
24 |
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Revaluation reserve |
25 |
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Profit and loss account |
25 |
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Shareholders funds |
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Director |
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Statement of Changes in Equity |
Called up share capital |
Revaluation reserve |
Profit and loss account |
Total |
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Note |
£ |
£ |
£ |
£ |
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At 31 July 2021 |
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Profit for the year |
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Total comprehensive income for the year |
– |
– |
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Dividends paid and payable |
12 |
– |
– |
(
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(
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---- |
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Total investments by and distributions to owners |
– |
– |
(
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(
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At 31 July 2022 |
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Profit for the year |
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Other comprehensive income for the year: |
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Revaluation of tangible assets |
14 |
– |
(
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– |
(
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Tax relating to components of other comprehensive income |
11 |
– |
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– |
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Total comprehensive income for the year |
– |
(
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Dividends paid and payable |
12 |
– |
– |
(
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(
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---- |
---- |
-------- |
-------- |
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Total investments by and distributions to owners |
– |
– |
(
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(
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---- |
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At 31 July 2023 |
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Notes to the Financial Statements |
Goodwill |
- |
10 years |
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Land and buildings |
- |
20 to 50 years |
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Plant and machinery |
- |
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Fixtures and fittings |
- |
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Motor vehicles |
- |
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Computers |
- |
25
% straight line |
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2023 |
2022 |
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£ |
£ |
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Hotel |
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Bars |
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Health Club |
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Restaurant and Functions |
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Golf Club Sales |
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PRO Shop Sales |
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2023 |
2022 |
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£ |
£ |
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Government grant 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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Amortisation of intangible assets |
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Depreciation of tangible assets |
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Gains on disposal of tangible assets |
(
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– |
Impairment of debenture |
– |
18,000 |
--------- |
--------- |
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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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£ |
£ |
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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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Company contributions to defined contribution pension plans |
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------- |
------- |
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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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Interest on banks loans and overdrafts |
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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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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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Total current tax |
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Origination and reversal of timing differences |
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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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Adjustment to tax charge in respect of prior periods |
– |
(
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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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(
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Deferred tax |
11,012 |
7,022 |
Changes in UK tax rates |
(23,515) |
– |
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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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Dividends paid during the year (excluding those for which a liability existed at the end of the prior year ) |
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Goodwill |
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£ |
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Cost |
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At 1 August 2022 and 31 July 2023 |
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Amortisation |
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At 1 August 2022 |
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Charge for the year |
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At 31 July 2023 |
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Carrying amount |
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At 31 July 2023 |
– |
--------- |
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At 31 July 2022 |
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At 1 August 2022 |
Additions |
Revaluation |
At 31 July 2023 |
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£ |
£ |
£ |
£ |
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Cost or valuation |
||||
Land and buildings |
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(
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Plant and machinery |
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– |
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Fixtures and fittings |
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– |
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Motor vehicles |
– |
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– |
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Computers |
15,511 |
6,987 |
– |
22,498 |
------------ |
--------- |
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------------ |
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(
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------------ |
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At 1 August 2022 |
Charge for the year |
Revaluations |
At 31 July 2023 |
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£ |
£ |
£ |
£ |
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Depreciation |
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Land and buildings |
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(
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– |
Plant and machinery |
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– |
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Fixtures and fittings |
|
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– |
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Motor vehicles |
– |
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– |
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Computers |
8,365 |
4,154 |
– |
12,519 |
------------ |
--------- |
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--------- |
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(
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------------ |
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At 31 July 2023 |
At 31 July 2022 |
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£ |
£ |
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Carrying amount |
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Land and buildings |
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Plant and machinery |
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Fixtures and fittings |
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Motor vehicles |
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– |
Computers |
9,979 |
7,146 |
------------ |
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Plant and machinery |
Motor vehicles |
Total |
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£ |
£ |
£ |
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At 31 July 2023 |
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At 31 July 2022 |
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– |
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--------- |
-------- |
--------- |
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2023 |
2022 |
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£ |
£ |
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Total stock |
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-------- |
-------- |
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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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Other debtors |
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------------ |
------------ |
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------------ |
------------ |
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2023 |
2022 |
|
£ |
£ |
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Bank loans and overdrafts |
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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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Director loan accounts |
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Other creditors |
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------------ |
------------ |
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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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------------ |
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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) |
|
£ |
|
At 1 August 2022 |
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Additions |
(
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--------- |
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At 31 July 2023 |
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--------- |
|
2023 |
2022 |
|
£ |
£ |
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Included in provisions (note 20) |
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-------- |
--------- |
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2023 |
2022 |
|
£ |
£ |
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Accelerated capital allowances |
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Revaluation of tangible assets |
– |
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-------- |
--------- |
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76,783 |
148,296 |
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-------- |
--------- |
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2023 |
2022 |
|
£ |
£ |
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Government grants recognised directly in income |
– |
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---- |
-------- |
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2023 |
2022 |
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No. |
£ |
No. |
£ |
|
|
|
100 |
|
100 |
---- |
---- |
---- |
---- |
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2023 |
2022 |
|
£ |
£ |
|
Tangible assets |
|
– |
--------- |
---- |
|
2023 |
2022 |
|
£ |
£ |
|
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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2023 | ||
£ | ||
Debtor as at 1 August 2022 | 918,670 | |
Net transfers during the year | (22,657) | |
--------- | ||
Debtor as at 31 July 2023 | 896,013 | |
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2023 | ||
£ | ||
Creditor as at 1 August 2022 | 141,927 | |
Net transfers during the year | (105,380) | |
Dividends | 40,000 | |
--------- | ||
Creditor as at 31 July 2022 | 76,547 | |
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