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FINANCIAL STATEMENTS |
CONTENTS |
PAGE |
Strategic report |
1 |
Directors' report |
3 |
Independent auditor's report to the members |
5 |
Statement of comprehensive income |
11 |
Statement of financial position |
12 |
Statement of changes in equity |
14 |
Statement of cash flows |
15 |
Notes to the financial statements |
17 |
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STRATEGIC REPORT |
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Director |
Registered office: |
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United Kingdom |
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DIRECTORS' REPORT |
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Director |
Registered office: |
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United Kingdom |
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INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF
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Chartered Accountants & statutory auditor |
1 Vicarage Lane |
Stratford |
London |
England |
E15 4HF |
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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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Distribution costs |
– |
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Administrative expenses |
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OPERATING PROFIT |
5 |
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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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PROFIT BEFORE TAXATION |
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Tax on profit |
11 |
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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 |
£ |
£ |
Tangible assets |
13 |
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Debtors |
14 |
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Cash at bank and in hand |
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CREDITORS: amounts falling due within one year |
15 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
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CREDITORS: amounts falling due after more than one year |
16 |
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NET ASSETS |
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STATEMENT OF FINANCIAL POSITION (continued) |
2023 |
2022 |
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Note |
£ |
£ |
Called up share capital |
19 |
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Profit and loss account |
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SHAREHOLDERS FUNDS |
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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 1 NOVEMBER 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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TOTAL INVESTMENTS BY AND DISTRIBUTIONS TO OWNERS |
– |
(
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(
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AT 31 OCTOBER 2022 |
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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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TOTAL INVESTMENTS BY AND DISTRIBUTIONS TO OWNERS |
– |
(
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(
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----- |
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AT 31 OCTOBER 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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Depreciation of tangible assets |
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Other interest receivable and similar income |
(
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(
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Interest payable and similar expenses |
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Gains on disposal of tangible assets |
(
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– |
Tax on profit |
306,423
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Accrued income |
(
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(
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Changes in: |
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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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--------------- |
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Net cash used in operating activities |
(
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(
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--------------- |
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Purchase of tangible assets |
(
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(
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Proceeds from sale of tangible assets |
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– |
--------------- |
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Net cash used in investing activities |
(
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(
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--------------- |
------------ |
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Proceeds from borrowings |
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(
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Payments of finance lease liabilities |
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(
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Dividends paid |
(
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(
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--------------- |
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Net cash used in financing activities |
(
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(
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STATEMENT OF CASH FLOWS (continued) |
2023 |
2022 |
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Note |
£ |
£ |
NET DECREASE IN CASH AND CASH EQUIVALENTS |
(
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(
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CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR |
2,544,546 |
3,637,386 |
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CASH AND CASH EQUIVALENTS AT END OF YEAR |
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NOTES TO THE FINANCIAL STATEMENTS |
Fixture and fittings |
- |
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Motor vehicles |
- |
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Equipment |
- |
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2023 |
2022 |
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£ |
£ |
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Rendering of services |
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--------------- |
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2023 |
2022 |
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£ |
£ |
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Depreciation of tangible assets |
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Gains on disposal of tangible assets |
(
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– |
Impairment of trade debtors |
87,399 |
21,517 |
---------- |
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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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----- |
----- |
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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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--------------- |
--------------- |
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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 cash and cash equivalents |
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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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---------- |
-------- |
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2023 |
2022 |
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£ |
£ |
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UK current tax expense |
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------------ |
------------ |
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Tax on profit |
306,423
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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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--------------- |
--------------- |
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Profit 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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Rounding on tax charge |
(
89) |
– |
--------------- |
--------------- |
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Tax on profit |
106,944
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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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Fixtures and fittings |
Motor vehicles |
Equipment |
Total |
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£ |
£ |
£ |
£ |
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Cost |
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At 1 November 2022 |
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26,414 |
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Additions |
– |
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4,640 |
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Disposals |
– |
(
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(
1,099) |
(
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-------- |
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---------- |
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At 31 October 2023 |
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29,955 |
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-------- |
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Depreciation |
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At 1 November 2022 |
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20,819 |
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Charge for the year |
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7,489 |
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Disposals |
– |
(
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(
275) |
(
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-------- |
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At 31 October 2023 |
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28,033 |
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-------- |
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Carrying amount |
||||
At 31 October 2023 |
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1,922 |
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-------- |
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At 31 October 2022 |
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5,595 |
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-------- |
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Motor vehicles |
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£ |
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At 31 October 2023 |
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---------- |
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At 31 October 2022 |
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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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£ |
£ |
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Trade creditors |
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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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Obligations under finance leases and hire purchase contracts |
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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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2023 |
2022 |
|||
No. |
£ |
No. |
£ |
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|
102 |
|
102 |
----- |
----- |
----- |
----- |
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At 1 Nov 2022 |
Cash flows |
At 31 Oct 2023 |
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£ |
£ |
£ |
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Cash at bank and in hand |
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(2,043,221) |
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Debt due within one year |
(1,971) |
(5,413) |
(7,384) |
Debt due after one year |
(3,716) |
(8,928) |
(12,644) |
--------------- |
--------------- |
------------ |
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(
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--------------- |
--------------- |
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