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Financial Statements |
Contents |
Page |
Strategic report |
1 |
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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Strategic Report |
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Director |
Registered office: |
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England |
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Directors' Report |
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Director |
Registered office: |
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England |
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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 Certified Accountants & Statutory Auditor |
Printing House |
66 Lower Road |
Harrow |
HA2 0DH |
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Statement of Income and Retained Earnings |
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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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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Dividends paid and payable |
12 |
(
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(
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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 |
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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Taxation including deferred tax |
18 |
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Net assets |
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Called up share capital |
21 |
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Profit and loss account |
22 |
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Shareholders funds |
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Director |
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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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(
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Tax on profit |
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Accrued expenses |
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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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Cash generated from operations |
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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 from operating activities |
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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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Net cash (used in)/from investing activities |
(
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Proceeds from borrowings |
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(
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Proceeds from loans from group undertakings |
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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 from/(used in) financing activities |
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(
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Net increase in cash and cash equivalents |
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Cash and cash equivalents at beginning of year |
11,480,698 |
9,521,163 |
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Cash and cash equivalents at end of year |
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Notes to the Financial Statements |
Plant and machinery |
- |
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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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(
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Impairment of trade debtors |
1,080,618 |
127,364 |
------------ |
---------- |
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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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Audit-related assurance services |
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-------- |
-------- |
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2023 |
2022 |
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No. |
No. |
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Administrative staff |
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Management staff |
2 |
2 |
---- |
---- |
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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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Company contributions to defined contribution pension plans |
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-------- |
-------- |
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-------- |
-------- |
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2023 |
2022 |
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No. |
No. |
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Defined contribution plans |
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---- |
---- |
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2023 |
2022 |
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£ |
£ |
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Interest on loans and receivables |
53,002 |
73,080 |
Interest on cash and cash equivalents |
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2023 |
2022 |
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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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– |
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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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Adjustments in respect of prior periods |
(
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– |
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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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2023 |
2022 |
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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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Adjustment to tax charge in respect of prior periods |
(
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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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Deferred tax |
201,444 |
104,867 |
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Tax on profit |
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------------ |
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2023 |
2022 |
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£ |
£ |
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Equity dividends on ordinary shares |
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Plant and machinery |
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£ |
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Cost |
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At 1 January 2023 |
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Additions |
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Disposals |
(
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------------ |
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At 31 December 2023 |
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Depreciation |
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At 1 January 2023 |
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Charge for the year |
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Disposals |
(
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------------ |
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At 31 December 2023 |
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Carrying amount |
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At 31 December 2023 |
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At 31 December 2022 |
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Plant and machinery |
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£ |
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At 31 December 2023 |
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------------ |
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At 31 December 2022 |
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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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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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Amounts owed to group undertakings |
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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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-------------- |
-------------- |
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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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Less: future finance charges |
(
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(
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------------ |
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Present value of minimum lease payments |
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Deferred tax (note 19) |
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£ |
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At 1 January 2023 |
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Additions |
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---------- |
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At 31 December 2023 |
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---------- |
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2023 |
2022 |
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£ |
£ |
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Included in provisions (note 18) |
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---------- |
---------- |
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2023 |
2022 |
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£ |
£ |
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Accelerated capital allowances |
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---------- |
---------- |
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2023 |
2022 |
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No. |
£ |
No. |
£ |
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100 |
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100 |
---- |
---- |
---- |
---- |
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At 1 Jan 2023 |
Cash flows |
At 31 Dec 2023 |
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£ |
£ |
£ |
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Cash at bank and in hand |
|
613,196 |
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Debt due within one year |
(3,600,122) |
(963,262) |
(4,563,384) |
Debt due after one year |
(835,958) |
83,423 |
(752,535) |
-------------- |
---------- |
-------------- |
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(
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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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Transaction value |
Balance owed by/(owed to) |
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2023 |
2022 |
2023 |
2022 |
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£ |
£ |
£ |
£ |
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Other related parties |
321,633 |
235,082 |
7,708,341 |
3,814,165 |
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Notes to the Financial Statements (continued) |