31 December 2023
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31 December 2022
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Turnover
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£14,232,564
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£938,612
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Gross Profit
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£6,657,176
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£411,283
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GPM%
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46.8%
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43.8%
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EBITDA
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£3,267,768
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£186,454
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Bank and Cash
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£1,392,861
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£1,417,410
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Current Ratio
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1.22
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1.03
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Debtor Days
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56 days
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45 days
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Director
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30/09/2024
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Director
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for and on behalf of
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Riverside Offices, Second Floor
26 St George Street
Lancaster
Lancashire
LA1 1RD
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31 December 2023 | 31 December 2022 | |||
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Notes | £ | £ | ||
TURNOVER | 3 |
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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 |
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OPERATING PROFIT |
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Profit on disposal of fixed assets |
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Other interest receivable and similar income | 9 |
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Interest payable and similar charges | 10 |
( |
( |
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PROFIT BEFORE TAXATION |
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Tax on Profit | 11 |
( |
( |
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PROFIT AFTER TAXATION BEING PROFIT FOR THE FINANCIAL YEAR ATTRIBUTABLE TO THE OWNERS OF THE PARENT |
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31 December 2023 | 31 December 2022 | ||||
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Notes | £ | £ | £ | £ | |
FIXED ASSETS | |||||
Intangible Assets | 12 |
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Tangible Assets | 13 |
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CURRENT ASSETS | |||||
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 (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 FOR LIABILITIES | |||||
Deferred Taxation | 19 |
( |
( |
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NET ASSETS |
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CAPITAL AND RESERVES | |||||
Called up share capital | 21 |
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Profit and Loss Account |
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SHAREHOLDERS' FUNDS | 4,388,123 | 3,707,238 | |||
Director
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31 December 2023 | 31 December 2022 | ||||
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Notes | £ | £ | £ | £ | |
FIXED ASSETS | |||||
Investments | 14 |
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CURRENT ASSETS | |||||
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 (LIABILITIES) |
( |
( |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
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NET ASSETS |
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CAPITAL AND RESERVES | |||||
Called up share capital | 21 |
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Profit and Loss Account |
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( |
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SHAREHOLDERS' FUNDS | 3,511,950 | 3,593,677 | |||
Director
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Share Capital | Profit and Loss Account | Total | |
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£ | £ | £ | |
As at 1 December 2022 |
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3,601,000 |
Profit for the period and total comprehensive income | - |
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106,238 |
As at 31 December 2022 and 1 January 2023 |
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3,707,238 |
Profit for the year and total comprehensive income | - |
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2,058,885 |
Dividends paid | - | (1,200,000) | (1,200,000) |
As at 31 December 2023 |
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4,388,123 |
Share Capital | Profit and Loss Account | Total | |
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£ | £ | £ | |
As at 1 December 2022 |
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3,601,000 |
Loss for the period and total comprehensive income | - |
( |
(7,323) |
As at 31 December 2022 and 1 January 2023 |
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3,593,677 |
Profit for the year and total comprehensive income | - |
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1,296,273 |
Dividends paid | - | (1,200,000) | (1,200,000) |
As at 31 December 2023 |
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3,511,950 |
31 December 2023 | 31 December 2022 | |||
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Notes | £ | £ | ||
Cash flows from operating activities | ||||
Net cash generated from operations | 1 |
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Interest paid |
( |
( |
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Tax paid |
( |
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Interest Received | 2,966 | 19,574 | ||
Net cash generated from operating activities |
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Cash flows from investing activities | ||||
Purchase of intangible assets |
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( |
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Purchase of tangible assets |
( |
( |
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Proceeds from disposal of tangible assets |
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Purchase of investment in subsidiary undertaking |
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( |
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Net cash used in investing activities |
( |
( |
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Cash flows from financing activities | ||||
Equity dividends paid |
( |
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Repayment of finance leases |
( |
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Amount introduced by directors | - | 3,600,000 | ||
Amount withdrawn by directors | (450,857) | - | ||
Government Grant Income | 1,980 | 165 | ||
Net cash (used in)/generated from financing activities |
( |
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(Decrease)/increase in cash and cash equivalents |
( |
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Cash and cash equivalents at beginning of year | 2 |
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Cash and cash equivalents at end of year | 2 |
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31 December 2023 | 31 December 2022 | ||
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£ | £ | ||
Profit for the financial year |
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Adjustments for: | |||
Interest expense |
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Interest income |
( |
( |
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Amortisation of intangible assets |
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Depreciation of tangible assets |
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Profit on disposal of tangible assets | (12,534) | - | |
Grant income | (1,980) | (165) | |
Movements in working capital: | |||
Decrease/(increase) in stocks |
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( |
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Increase in trade and other debtors |
( |
( |
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Increase in trade and other creditors |
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Tax on profit/(loss) | 748,087 | 60,900 | |
Net cash generated from operations |
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31 December 2023 | 31 December 2022 | ||
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£ | £ | ||
Cash at bank and in hand |
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As at 1 January 2023 | Cash flows | Non-cash changes | As at 31 December 2023 | |
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£ | £ | £ | £ | |
Cash at bank and in hand |
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(24,550) | 1 |
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Plant & Machinery |
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Motor Vehicles |
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Fixtures & Fittings |
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Computer Equipment |
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2023
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2022
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£
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£
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Bad Debts
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(2,123)
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2,854
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Depreciation of tangible assets
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179,325
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17,481
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Amortisation of intangible fixed assets
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302,994
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24,616
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31 December 2023 | 31 December 2022 | ||
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£ | £ | ||
Grant income |
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1,980 | 165 | ||
31 December 2023 | 31 December 2022 | ||
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£ | £ | ||
Audit Services | |||
Audit of the company's financial statements |
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Group | Company | ||||||
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31 December 2023 | 31 December 2022 | 31 December 2023 | 31 December 2022 | ||||
£ | £ | £ | £ | ||||
Wages and salaries |
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Social security costs |
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Other pension costs |
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Group | Company | ||||||
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31 December 2023 | 31 December 2022 | 31 December 2023 | 31 December 2022 | ||||
Office and administration |
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Directors |
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Operational |
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31 December 2023 | 31 December 2022 | ||
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£ | £ | ||
Emoluments |
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31 December 2023 | 31 December 2022 | ||
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£ | £ | ||
Bank interest receivable |
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Other interest receivable | 2,434 | - | |
2,966 | - | ||
31 December 2023 | 31 December 2022 | ||
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£ | £ | ||
Interest payable on other loans | - |
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Finance charges payable under finance leases and hire purchase contracts | 20,621 | 2,122 | |
Other finance charges |
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( |
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20,630 | 2,122 | ||
The tax charge on the profit for the year was as follows:
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Tax Rate | 31 December 2023 | 31 December 2022 | |||
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31 December 2023 | 31 December 2022 | £ | £ | ||
Current tax | |||||
UK Corporation Tax | 23.5% | 19.0% |
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Deferred Tax | |||||
Deferred taxation |
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Total tax charge for the period |
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The actual charge for the year can be reconciled to the expected charge for the year based on the profit and the standard rate of corporation tax as follows:
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31 December 2023 | 31 December 2022 | ||||
£ | £ | ||||
Profit before tax | 2,780,412 | 142,235 | |||
Tax on profit at 23.5% (UK standard rate) |
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Goodwill/depreciation not allowed for tax |
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Expenses not deductible for tax purposes |
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Capital allowances |
( |
( |
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Short term timing differences |
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Total tax charge for the period | 721,527 | 35,997 | |||
Goodwill | Development Costs | Total | |
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£ | £ | £ | |
Cost | |||
As at 1 January 2023 |
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As at 31 December 2023 |
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Amortisation | |||
As at 1 January 2023 |
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Provided during the period |
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As at 31 December 2023 |
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Net Book Value | |||
As at 31 December 2023 |
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As at 1 January 2023 |
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Plant & Machinery | Motor Vehicles | Fixtures & Fittings | Computer Equipment | Total | |
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£ | £ | £ | £ | £ | |
Cost | |||||
As at 1 January 2023 |
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Additions |
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Disposals |
( |
( |
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( |
As at 31 December 2023 |
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Depreciation | |||||
As at 1 January 2023 |
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Provided during the period |
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Disposals |
( |
( |
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( |
As at 31 December 2023 |
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Net Book Value | |||||
As at 31 December 2023 |
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As at 1 January 2023 |
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31 December 2023 | 31 December 2022 | ||
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£ | £ | ||
Motor Vehicles |
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Unlisted | |
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£ | |
Cost | |
As at 1 January 2023 |
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As at 31 December 2023 |
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Provision | |
As at 1 January 2023 |
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As at 31 December 2023 |
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Net Book Value | |
As at 31 December 2023 |
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As at 1 January 2023 |
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Name of undertaking | Registered Office | Class of shares held | Direct holding | Indirect holding |
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Chalcroft Nurseries, Shirehall Road, Hawley, Dartford, Kent, United Kingdom, DA2, 7SE |
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- |
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Chalcroft Nurseries, Shirehall Road, Hawley, Dartford, Kent, United Kingdom, DA2, 7SE |
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- |
31 December 2023 | 31 December 2022 | ||
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£ | £ | ||
Stock |
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Work in progress |
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Group | Company | ||||||
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31 December 2023 | 31 December 2022 | 31 December 2023 | 31 December 2022 | ||||
£ | £ | £ | £ | ||||
Due within one year | |||||||
Trade debtors |
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Amounts recoverable on contracts |
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Amounts owed by group undertakings | - | - | 2,274,251 | 2,753,736 | |||
Other debtors | 1,398,251 | 873,528 | 799 | 72,764 | |||
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Group | Company | ||||||
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31 December 2023 | 31 December 2022 | 31 December 2023 | 31 December 2022 | ||||
£ | £ | £ | £ | ||||
Trade creditors |
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( |
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Amounts owed to group undertakings | - | - |
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Other creditors | 3,173,543 | 2,929,879 | 2,165,513 | 2,616,370 | |||
Corporation tax |
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Taxation and social security | 65,322 | 246,285 | 63,646 | - | |||
Accruals and deferred income |
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Group | ||||
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31 December 2023 | 31 December 2022 | |||
£ | £ | |||
Other creditors | 120,140 | 135,187 | ||
31 December 2023 | 31 December 2022 | ||
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£ | £ | ||
Other timing differences | 53,028 | 32,604 | |
Group | ||
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Deferred Tax | Total | |
£ | £ | |
As at 1 January 2023 |
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32,604 |
Additions |
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20,424 |
Balance at 31 December 2023 |
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53,028 |
Group | Company | ||||||
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31 December 2023 | 31 December 2022 | 31 December 2023 | 31 December 2022 | ||||
£ | £ | £ | £ | ||||
Financial assets | |||||||
Financial assets measured at fair value through profit and loss | 2,217,948 | 1,391,361 | - | - | |||
Financial liabilities | |||||||
Financial liabilities measured at fair value through profit and loss | 3,732,776 | 3,689,241 | - | - | |||
As at 1 January 2023 | Amounts advanced | Amounts repaid | Amounts written off | As at 31 December 2023 | |
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£ | £ | £ | £ | £ | |
Mr James Lyon |
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( |
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- |
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Mr Paul Brown |
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( |
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- |
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Mr Gavin Sims |
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( |
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- |
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Mr Stephen Lyon |
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( |
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- |
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Mr Peter Alexander |
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( |
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- |
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Mr Jonathan Alexander |
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( |
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- |
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31 December 2023 | 31 December 2022 | ||
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£ | £ | ||
On equity shares: | |||
Final dividend paid |
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2023
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2022
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Due < 1 year
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Due 2 -5 years
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Due <1 Year
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Due 2-5 years
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Office
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Printer
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4,000
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8,333
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4,000
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12,333
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