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Financial Statements |
Contents |
Page |
Officers and professional advisers |
1 |
Strategic report |
2 |
Directors' report |
4 |
Independent auditor's report to the members |
6 |
Statement of income and retained earnings |
10 |
Statement of financial position |
11 |
Statement of cash flows |
12 |
Notes to the financial statements |
13 |
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Officers and Professional Advisers |
The board of directors |
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Company secretary |
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Registered office |
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Auditor |
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Chartered accountants & statutory auditor |
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Camburgh House |
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27 New Dover Road |
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Canterbury |
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Kent |
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CT1 3DN |
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Bankers |
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Leicester |
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Leicestershire |
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United Kingdom |
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LE87 2BB |
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Strategic Report |
2024 | 2023 | ||
£ | £ | ||
Turnover | 20,255,620 | 23,956,703 | |
Gross Profit | 2,723,391 | 2,625,476 | |
Profit before tax | 751,676 | 1,021,654 | |
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Director |
Director |
Registered office: |
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Directors' Report |
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Director |
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 |
Camburgh House |
27 New Dover Road |
Canterbury |
Kent |
CT1 3DN |
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Statement of Income and Retained Earnings |
2024 |
2023 |
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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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Administrative expenses |
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Other operating income |
5 |
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– |
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Operating profit |
6 |
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Other interest receivable and similar income |
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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Retained earnings at the start of the year |
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Retained earnings at the end of the year |
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Statement of Financial Position |
2024 |
2023 |
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Note |
£ |
£ |
£ |
Tangible assets |
12 |
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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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Profit and loss account |
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Shareholders funds |
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Director |
Director |
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Statement of Cash Flows |
2024 |
2023 |
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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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Gain on financial assets at fair value through profit or loss |
– |
(7,303) |
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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Cash generated from operations |
(
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Tax paid |
(
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(
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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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Proceeds from sale of other investments |
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Net cash from/(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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Net cash used in financing activities |
– |
(
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Net decrease in cash and cash equivalents |
(
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(
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Cash and cash equivalents at beginning of year |
1,805,431 |
2,003,493 |
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Cash and cash equivalents at end of year |
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Notes to the Financial Statements |
Plant & Machinery |
- |
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Fixtures & Fittings |
- |
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Motor Vehicles |
- |
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2024 |
2023 |
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£ |
£ |
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Sale of goods |
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2024 |
2023 |
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£ |
£ |
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United Kingdom |
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Overseas |
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------------- |
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2024 |
2023 |
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£ |
£ |
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Other operating income |
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– |
---- |
---- |
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2024 |
2023 |
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£ |
£ |
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Depreciation of tangible assets |
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Impairment of trade debtors |
114,456 |
14,400 |
Foreign exchange differences |
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--------- |
-------- |
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2024 |
2023 |
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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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Other non-audit services |
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------- |
------- |
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2024 |
2023 |
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No. |
No. |
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Production staff |
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Administrative staff |
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Management staff |
3 |
3 |
---- |
---- |
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---- |
---- |
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2024 |
2023 |
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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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2024 |
2023 |
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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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--------- |
--------- |
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2024 |
2023 |
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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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--------- |
--------- |
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2024 |
2023 |
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£ |
£ |
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Gain on fair value adjustment of financial assets at fair value through profit or loss |
– |
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---- |
------- |
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2024 |
2023 |
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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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--------- |
--------- |
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2024 |
2023 |
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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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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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Effect of deferred tax due to capital allowances |
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Under/over provision in previous year |
– |
(411)
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Tax on profit |
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Land and buildings |
Plant and machinery |
Fixtures and fittings |
Motor vehicles |
Total |
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£ |
£ |
£ |
£ |
£ |
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Cost |
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At 1 April 2023 |
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Additions |
– |
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------------ |
------- |
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-------- |
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At 31 March 2024 |
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------- |
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-------- |
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Depreciation |
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At 1 April 2023 |
– |
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Charge for the year |
– |
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------- |
--------- |
-------- |
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At 31 March 2024 |
– |
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-------- |
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Carrying amount |
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At 31 March 2024 |
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------------ |
------- |
--------- |
-------- |
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At 31 March 2023 |
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------- |
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-------- |
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Other investments other than loans |
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£ |
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Cost |
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At 1 April 2023 |
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Disposals |
(
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-------- |
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At 31 March 2024 |
– |
-------- |
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Impairment |
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At 1 April 2023 and 31 March 2024 |
– |
-------- |
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Carrying amount |
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At 31 March 2024 |
– |
-------- |
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At 31 March 2023 |
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-------- |
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2024 |
2023 |
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£ |
£ |
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Raw materials and consumables |
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--------- |
--------- |
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2024 |
2023 |
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£ |
£ |
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Trade debtors |
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Prepayments and accrued income |
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Directors loan account |
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Other debtors |
– |
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------------ |
------------ |
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------------ |
------------ |
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2024 |
2023 |
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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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Other creditors |
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------------ |
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Deferred tax (note 18) |
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£ |
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At 1 April 2023 |
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Additions |
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At 31 March 2024 |
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2024 |
2023 |
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£ |
£ |
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Included in provisions (note 17) |
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-------- |
-------- |
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2024 |
2023 |
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£ |
£ |
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Accelerated capital allowances |
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-------- |
-------- |
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2024 |
2023 |
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£ |
£ |
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Investments measured at fair value through profit and loss |
– |
89,387 |
---- |
-------- |
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2024 |
2023 |
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No. |
£ |
No. |
£ |
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1 |
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1 |
---- |
---- |
---- |
---- |
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At 1 Apr 2023 |
Cash flows |
At 31 Mar 2024 |
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£ |
£ |
£ |
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Cash at bank and in hand |
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(496,884) |
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------------ |
--------- |
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2024 |
2023 |
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£ |
£ |
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Not later than 1 year |
– |
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---- |
------- |
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