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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 income and retained earnings |
10 |
Statement of financial position |
11 |
Statement of cash flows |
12 |
Notes to the financial statements |
13 to 21 |
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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 | 64,770,329 | 74,525,622 | |
Gross profit | 7,243,478 | 7,793,210 | |
Profit before tax | 1,118,068 | 1,318,937 | |
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Director |
Director |
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Director |
Director |
Registered office: |
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Directors' Report |
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Director |
Director |
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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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Operating profit |
6 |
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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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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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Stocks |
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 |
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 |
20 |
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Profit and loss account |
21 |
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Shareholders funds |
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Director |
Director |
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Director |
Director |
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Statement of Cash Flows |
2024 |
2023 |
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Note |
£ |
£ |
Profit for the financial year |
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Adjustments for: |
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Depreciation of tangible assets |
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Interest payable and similar expenses |
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Tax on profit |
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Accrued expenses |
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Changes in: |
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Stocks |
(
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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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(
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Interest paid |
(
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(
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Tax paid |
(
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(
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Net cash used in operating activities |
(
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(
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Purchase 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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Net decrease in cash and cash equivalents |
(
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(
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Cash and cash equivalents at beginning of year |
(387,203) |
163,003 |
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Cash and cash equivalents at end of year |
15 |
(
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(
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Notes to the Financial Statements |
Plant and machinery |
- |
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Fixtures and 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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European Union |
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Other overseas |
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2024 |
2023 |
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£ |
£ |
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Management charges receivable |
– |
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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 |
35,456 |
29,982 |
Foreign exchange differences |
(
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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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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 |
5 |
---- |
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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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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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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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2024 |
2023 |
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£ |
£ |
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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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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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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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Effect of change in UK tax rates |
– |
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Under/over provision in previous year |
– |
(16,084)
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Tax on profit |
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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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At 31 March 2024 |
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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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-------- |
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At 31 March 2024 |
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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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2024 |
2023 |
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£ |
£ |
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Finished goods and goods for resale |
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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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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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(
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--------- |
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2024 |
2023 |
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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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Corporation tax |
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Social security and other taxes |
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Amounts advanced from factor |
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Other creditors |
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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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2024 |
2023 |
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£ |
£ |
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Accelerated capital allowances |
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2024 |
2023 |
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No. |
£ |
No. |
£ |
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173,565 |
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173,565 |
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32,153 |
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32,153 |
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12,847 |
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12,847 |
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6,435 |
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6,435 |
--------- |
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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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(4,612) |
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Bank overdrafts |
(500,308) |
(263,577) |
(763,885) |
--------- |
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(
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(
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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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Later than 1 year and not later than 5 years |
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