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FOR THE YEAR ENDED |
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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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20-22 Bridge End |
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Leeds |
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LS1 4DJ |
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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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(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 |
20-22 Bridge End |
Leeds |
LS1 4DJ |
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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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Distribution costs |
(
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(
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Administrative expenses |
(
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(
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Other operating income |
5 |
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– |
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OPERATING PROFIT/(LOSS) |
6 |
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(
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Interest payable and similar expenses |
10 |
(
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(
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PROFIT/(LOSS) BEFORE TAXATION |
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(
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Tax on profit/(loss) |
11 |
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PROFIT/(LOSS) FOR THE FINANCIAL YEAR AND TOTAL COMPREHENSIVE INCOME |
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(
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STATEMENT OF FINANCIAL POSITION |
2023 |
2022 |
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Note |
£ |
£ |
£ |
£ |
Intangible assets |
12 |
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Tangible assets |
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 |
17 |
(
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(
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NET CURRENT LIABILITIES |
(
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(
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TOTAL ASSETS LESS CURRENT LIABILITIES |
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(
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CREDITORS: amounts falling due after more than one year |
18 |
(
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(
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NET ASSETS/(LIABILITIES) |
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(
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Called up share capital |
20 |
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Profit and loss account |
(
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(
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SHAREHOLDERS FUNDS/(DEFICIT) |
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(
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Director |
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STATEMENT OF CHANGES IN EQUITY |
Called up share capital |
Profit and loss account |
Total |
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£ |
£ |
£ |
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AT 30 DECEMBER 2021 |
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(
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(
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Loss for the year |
(
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(
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TOTAL COMPREHENSIVE INCOME FOR THE YEAR |
– |
(
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(
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AT 29 DECEMBER 2022 |
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(
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(
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Profit for the year |
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TOTAL COMPREHENSIVE INCOME FOR THE YEAR |
– |
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Issue of shares |
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– |
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TOTAL INVESTMENTS BY AND DISTRIBUTIONS TO OWNERS |
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– |
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AT 29 DECEMBER 2023 |
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(
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STATEMENT OF CASH FLOWS |
2023 |
2022 |
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Note |
£ |
£ |
Profit/(loss) for the financial year |
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(
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Adjustments for: |
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Depreciation of tangible assets |
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Amortisation of intangible assets |
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Interest payable and similar expenses |
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Loss on disposal of tangible assets |
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– |
Tax on profit/(loss) |
(
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(
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Accrued expenses |
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Other operating cash flow adjustment 1 |
– |
(1) |
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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--------- |
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Cash generated from operations |
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Interest paid |
(
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(
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Tax received |
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--------- |
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Net cash (used in)/from operating activities |
(
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Purchase of tangible assets |
(
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(
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Purchase of intangible assets |
(
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(
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Net cash used in investing activities |
(
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(
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Proceeds from issue of ordinary shares |
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– |
Proceeds from borrowings |
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Proceeds from loans from group undertakings |
(
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Net cash from financing activities |
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NET (DECREASE)/INCREASE IN CASH AND CASH EQUIVALENTS |
(
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CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR |
1,040,879 |
213,424 |
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CASH AND CASH EQUIVALENTS AT END OF YEAR |
16 |
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NOTES TO THE FINANCIAL STATEMENTS |
Software development |
- |
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Leasehold property improvements |
- |
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Website development |
- |
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Fixtures & fittings |
- |
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Motor vehicles |
- |
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Office equipment |
- |
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2023 |
2022 |
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£ |
£ |
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Sale of goods |
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------------- |
------------- |
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2023 |
2022 |
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£ |
£ |
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Other operating income |
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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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Loss on disposal of tangible assets |
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– |
Impairment of trade debtors |
(14,767) |
29,549 |
Foreign exchange differences |
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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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– |
-------- |
---- |
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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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Management staff |
9 |
5 |
---- |
---- |
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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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Other pension costs |
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------------ |
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------------ |
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2023 |
2022 |
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£ |
£ |
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Remuneration |
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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 due to group undertakings |
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– |
Other interest payable and similar charges |
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--------- |
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--------- |
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2023 |
2022 |
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£ |
£ |
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UK current tax income |
(
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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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(
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---- |
-------- |
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---- |
-------- |
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Tax on profit/(loss) |
(
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(
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---- |
-------- |
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2023 |
2022 |
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£ |
£ |
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Profit/(loss) on ordinary activities before taxation |
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(
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-------- |
--------- |
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Profit/(loss) 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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(
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--------- |
--------- |
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Tax on profit/(loss) |
(
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(
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--------- |
--------- |
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Software development |
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£ |
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Cost |
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At 30 December 2022 |
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Additions |
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------------ |
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At 29 December 2023 |
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------------ |
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Amortisation |
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At 30 December 2022 |
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Charge for the year |
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------------ |
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At 29 December 2023 |
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------------ |
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Carrying amount |
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At 29 December 2023 |
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------------ |
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At 29 December 2022 |
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Leasehold property improve -ments |
Website development |
Fixtures and fittings |
Motor vehicles |
Office equipment |
Total |
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£ |
£ |
£ |
£ |
£ |
£ |
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Cost |
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At 30 Dec 2022 |
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Additions |
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Disposals |
(
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– |
– |
– |
– |
(
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------------ |
--------- |
--------- |
-------- |
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At 29 Dec 2023 |
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------------ |
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-------- |
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Depreciation |
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At 30 Dec 2022 |
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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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------------ |
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At 29 Dec 2023 |
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------------ |
--------- |
--------- |
-------- |
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Carrying amount |
||||||
At 29 Dec 2023 |
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------------ |
--------- |
--------- |
-------- |
--------- |
------------ |
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At 29 Dec 2022 |
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------------ |
--------- |
--------- |
-------- |
--------- |
------------ |
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2023 |
2022 |
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£ |
£ |
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Finished goods and goods for resale |
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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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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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Cash at bank and in hand |
|
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Bank overdrafts |
(
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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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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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Social security and other taxes |
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Director loan accounts |
– |
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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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Other creditors |
– |
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--------- |
--------- |
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--------- |
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2023 |
2022 |
|||
No. |
£ |
No. |
£ |
|
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2,717,944 |
|
100 |
------------ |
------------ |
---- |
---- |
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At 30 Dec 2022 |
Cash flows |
At 29 Dec 2023 |
|
£ |
£ |
£ |
|
Cash at bank and in hand |
|
(46,124) |
|
Bank overdrafts |
(23,886) |
9,017 |
(14,869) |
Debt due within one year |
(4,224,876) |
1,171,771 |
(3,053,105) |
Debt due after one year |
(25,000) |
(801,109) |
(826,109) |
------------ |
------------ |
------------ |
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(
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(
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------------ |
------------ |
------------ |
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