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Financial Statements |
Contents |
Pages |
Officers and professional advisers |
1 |
Strategic report |
2 to 3 |
Directors' report |
4 to 5 |
Independent auditor's report to the members |
6 to 9 |
Statement of comprehensive income |
10 |
Statement of financial position |
11 |
Statement of changes in equity |
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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Registered office |
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Auditor |
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Chartered Accountants & Statutory Auditor |
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Drake House |
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Gadbroke Park |
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Northwich |
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Cheshire |
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CW9 7RA |
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Bankers |
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53 King Street |
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Manchester |
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M2 4LQ |
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Strategic Report |
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Director |
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Directors' Report |
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Director |
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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 |
Drake House |
Gadbroke Park |
Northwich |
Cheshire |
CW9 7RA |
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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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(
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Gross profit |
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Administrative expenses |
(
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(
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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 |
9 |
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Interest payable and similar expenses |
10 |
(
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(
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Profit before taxation |
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Tax on profit |
11 |
(
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(
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Profit for the financial year and total comprehensive income |
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Statement of Financial Position |
2023 |
2022 |
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Note |
£ |
£ |
£ |
Investments |
13 |
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Stocks |
14 |
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Debtors |
15 |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
16 |
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Net current assets |
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Total assets less current liabilities |
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Taxation including deferred tax |
17 |
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Net assets |
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Called up share capital |
21 |
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Revaluation 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 Changes in Equity |
Called up share capital |
Revaluation reserve |
Profit and loss account |
Total |
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£ |
£ |
£ |
£ |
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At 1 January 2022 |
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Profit for the year |
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Other comprehensive income for the year: |
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Reclassification from revaluation reserve to profit and loss account |
– |
(8,736) |
8,736
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– |
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Total comprehensive income for the year |
– |
(
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At 31 December 2022 |
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Profit for the year |
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Other comprehensive income for the year: |
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Reclassification from revaluation reserve to profit and loss account |
– |
(4,716) |
4,716
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– |
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Total comprehensive income for the year |
– |
(
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At 31 December 2023 |
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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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Government grant income |
– |
(
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Unrealised gain/(loss) on financial assets at fair value through profit or loss |
5,548 |
12,389 |
Other interest receivable and similar income |
(
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(
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Interest payable and similar expenses |
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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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(
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Trade and other creditors |
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(
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Cash generated from operations |
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(
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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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Net cash from/(used in) operating activities |
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(
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Payments to/proceeds from loans from group undertakings |
(
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Government grant income |
– |
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Net cash (used in)/from financing activities |
(
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Net increase/(decrease) in cash and cash equivalents |
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(
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Cash and cash equivalents at beginning of year |
4,080,797 |
7,214,073 |
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Cash and cash equivalents at end of year |
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Notes to the Financial Statements |
Goodwill |
- |
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2023 |
2022 |
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£ |
£ |
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Road resurfacing services |
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------------- |
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2023 |
2022 |
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£ |
£ |
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Management charges receivable |
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Government grant income |
– |
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-------- |
-------- |
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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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Fair value adjustments to investments |
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2023 |
2022 |
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No. |
No. |
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Administrative staff |
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Contracting 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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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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2023 |
2022 |
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£ |
£ |
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Interest on cash and cash equivalents |
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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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Total current tax |
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Origination and reversal of timing differences |
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Tax on profit |
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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 |
– |
12,515
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Effect of expenses not deductible for tax purposes |
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Effect of different UK tax rates on some earnings |
5 |
– |
Effect of change in rate for deferred tax |
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Unequalised deferred tax |
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– |
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Tax on profit |
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Goodwill |
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£ |
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Cost |
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At 1 January 2023 and 31 December 2023 |
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Amortisation |
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At 1 January 2023 and 31 December 2023 |
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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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Other investments other than loans |
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£ |
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Cost or valuation |
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At 1 January 2023 |
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Revaluations |
(
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At 31 December 2023 |
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Impairment |
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At 1 January 2023 and 31 December 2023 |
– |
-------- |
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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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Raw materials and consumables |
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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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Other debtors |
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– |
------------- |
------------- |
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2023 |
2022 |
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£ |
£ |
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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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------------ |
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Deferred tax (note 18) |
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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 17) |
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------- |
------- |
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2023 |
2022 |
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£ |
£ |
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Other revaluations |
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Deferred tax - other timing differences |
(
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(
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------- |
------- |
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6,480 |
2,702 |
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------- |
------- |
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2023 |
2022 |
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£ |
£ |
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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. |
£ |
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250,000 |
250,000 |
250,000 |
250,000 |
--------- |
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2023 |
2022 |
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No. |
£ |
No. |
£ |
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100 |
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100 |
---- |
---- |
---- |
---- |
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2023 | ||
£ | ||
Opening balance at 1 January 2023 | 30,496 | |
Movement in the year | (5,548) | |
Deferred tax movement | 832 | |
-------- | ||
Closing balance at 31 December 2023 | 25,780 | |
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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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153,525 |
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Debt due within one year |
(1,181,168) |
972,745 |
(208,423) |
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------------ |
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