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FOR THE YEAR ENDED |
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CONSOLIDATED 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 |
Consolidated statement of income and retained earnings |
10 |
Company statement of income and retained earnings |
11 |
Consolidated statement of financial position |
12 |
Company statement of financial position |
13 |
Consolidated statement of cash flows |
14 |
Notes to the consolidated financial statements |
15 to 23 |
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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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CONSOLIDATED STATEMENT OF INCOME AND RETAINED EARNINGS |
Period from |
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Year to |
1 Jan 22 to |
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29 Dec 23 |
29 Dec 22 |
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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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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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RETAINED LOSSES AT THE START OF THE YEAR |
(
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RETAINED LOSSES AT THE END OF THE YEAR |
(
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COMPANY STATEMENT OF INCOME AND RETAINED EARNINGS |
Period from |
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Year to |
1 Jan 22 to |
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29 Dec 23 |
29 Dec 22 |
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Note |
£ |
£ |
Profit/(loss) for the financial year and total comprehensive income |
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RETAINED LOSSES AT THE START OF THE YEAR |
(
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(
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RETAINED LOSSES AT THE END OF THE YEAR |
(
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(
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CONSOLIDATED STATEMENT OF FINANCIAL POSITION |
2023 |
2022 |
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Note |
£ |
£ |
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Intangible assets |
12 |
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Tangible assets |
13 |
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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 |
18 |
(
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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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CREDITORS: amounts falling due after more than one year |
19 |
(
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NET ASSETS/(LIABILITIES) |
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(
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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/(DEFICIT) |
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(
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Director |
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COMPANY STATEMENT OF FINANCIAL POSITION |
2023 |
2022 |
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Note |
£ |
£ |
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Investments |
14 |
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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 |
18 |
(
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NET CURRENT (LIABILITIES)/ASSETS |
(
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TOTAL ASSETS LESS CURRENT LIABILITIES |
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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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(
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SHAREHOLDERS FUNDS |
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Director |
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CONSOLIDATED 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 |
(
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(
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Accrued expenses |
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Other operating cash flow adjustment |
– |
(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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Cash generated from operations |
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Interest paid |
(
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(
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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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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 borrowings |
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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 |
1,040,907 |
213,453 |
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CASH AND CASH EQUIVALENTS AT END OF YEAR |
17 |
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NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS |
Development costs |
- |
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Leasehold property investments |
- |
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Website development |
- |
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Fixtures and fittings |
- |
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Motor vehicles |
- |
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Equipment |
- |
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Period from |
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Year to |
1 Jan 22 to |
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29 Dec 23 |
29 Dec 22 |
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£ |
£ |
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Sale of goods |
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Period from |
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Year to |
1 Jan 22 to |
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29 Dec 23 |
29 Dec 22 |
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£ |
£ |
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Other operating income |
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– |
------- |
---- |
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Period from |
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Year to |
1 Jan 22 to |
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29 Dec 23 |
29 Dec 22 |
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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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Period from |
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Year to |
1 Jan 22 to |
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29 Dec 23 |
29 Dec 22 |
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£ |
£ |
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Fees payable for the audit of the consolidated 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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Period from |
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Year to |
1 Jan 22 to |
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29 Dec 23 |
29 Dec 22 |
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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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Period from |
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Year to |
1 Jan 22 to |
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29 Dec 23 |
29 Dec 22 |
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£ |
£ |
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Remuneration |
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-------- |
-------- |
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Period from |
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Year to |
1 Jan 22 to |
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29 Dec 23 |
29 Dec 22 |
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£ |
£ |
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Interest on banks loans and overdrafts |
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Other interest payable and similar charges |
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--------- |
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Period from |
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Year to |
1 Jan 22 to |
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29 Dec 23 |
29 Dec 22 |
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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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Tax on profit |
(
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(
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---- |
-------- |
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Period from |
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Year to |
1 Jan 22 to |
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29 Dec 23 |
29 Dec 22 |
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£ |
£ |
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Profit/(loss) on ordinary activities before taxation |
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(
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Profit/(loss) on ordinary activities by rate of tax |
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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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(
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--------- |
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Tax on profit |
(
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(
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Group |
Software development |
£ |
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Cost |
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At 30 December 2022 |
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Additions |
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At 29 December 2023 |
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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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Carrying amount |
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At 29 December 2023 |
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At 29 December 2022 |
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Group |
Leasehold property improvemen-ts |
Website developmen-t |
Fixtures and fittings |
Motor vehicles |
Equipment |
Total |
£ |
£ |
£ |
£ |
£ |
£ |
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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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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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At 29 Dec 2023 |
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Carrying amount |
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At 29 Dec 2023 |
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------------ |
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-------- |
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At 29 Dec 2022 |
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Company |
Unlisted |
£ |
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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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Impairment |
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At 30 December 2022 and 29 December 2023 |
– |
------------ |
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Carrying amount |
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At 29 December 2023 |
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At 29 December 2022 |
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Class of share |
Percentage of shares held |
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Subsidiary undertakings |
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Ordinary |
100 |
Group |
Company |
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2023 |
2022 |
2023 |
2022 |
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£ |
£ |
£ |
£ |
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Finished goods and goods for resale |
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– |
– |
--------- |
--------- |
---- |
---- |
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Group |
Company |
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2023 |
2022 |
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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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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Group |
Company |
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2023 |
2022 |
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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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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Group |
Company |
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2023 |
2022 |
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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--------- |
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---- |
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2023 |
2022 |
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No. |
£ |
No. |
£ |
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76 |
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76 |
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1 |
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1 |
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3 |
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3 |
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13 |
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13 |
-------- |
---- |
-------- |
---- |
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93 |
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93 |
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-------- |
---- |
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At 30 Dec 2022 |
Cash flows |
At 29 Dec 2023 |
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£ |
£ |
£ |
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Cash at bank and in hand |
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(46,123) |
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Bank overdrafts |
(23,886) |
9,017 |
(14,869) |
Debt due within one year |
(270,134) |
26,561 |
(243,573) |
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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