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Financial Statements |
Contents |
Page |
Strategic report |
1 |
Director's report |
3 |
Independent auditor's report to the members |
5 |
Statement of comprehensive income |
9 |
Statement of financial position |
10 |
Statement of changes in equity |
11 |
Statement of cash flows |
12 |
Notes to the financial statements |
13 |
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Strategic Report |
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Director |
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Registered office: |
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Director's Report |
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(Resigned
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Director |
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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 |
269 Farnborough Road |
Farnborough |
Hampshire |
GU14 7LY |
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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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------------ |
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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 |
8 |
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Profit before taxation |
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Tax on profit |
9 |
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--------- |
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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 |
10 |
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Debtors |
11 |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
12 |
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Net current assets |
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Total assets less current liabilities |
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Net assets |
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Called up share capital |
14 |
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Share premium account |
15 |
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Other reserves, including the fair value reserve |
15 |
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Profit and loss account |
15 |
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Shareholders funds |
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Director |
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Statement of Changes in Equity |
Called up share capital |
Share premium account |
Other reserves, including the fair value reserve |
Profit and loss account |
Total |
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£ |
£ |
£ |
£ |
£ |
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At 1 January 2022 |
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Profit for the year |
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-------- |
--------- |
-------- |
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------------ |
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Total comprehensive income for the year |
– |
– |
– |
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Equity-settled share-based payments |
– |
– |
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– |
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-------- |
--------- |
-------- |
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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 December 2022 |
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Profit for the year |
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-------- |
--------- |
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------------ |
------------ |
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Total comprehensive income for the year |
– |
– |
– |
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Equity-settled share-based payments |
– |
– |
(
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– |
(
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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 December 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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Gains on disposal of tangible assets |
– |
(
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Tax on profit |
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Accrued income |
(
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(
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Decrease in amounts owed by groups |
– |
(25,663) |
Value of share options granted |
(45,111) |
66,397 |
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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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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------------ |
--------- |
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Net cash used in investing activities |
(
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(
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------------ |
--------- |
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Proceeds from loans from group undertakings |
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--------- |
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Net cash from financing activities |
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Net increase in cash and cash equivalents |
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Cash and cash equivalents at beginning of year |
1,975,070 |
1,847,465 |
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Cash and cash equivalents at end of year |
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Notes to the Financial Statements |
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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United Kingdom |
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Overseas |
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------------ |
------------ |
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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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Foreign exchange differences |
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(
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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 |
1 |
1 |
Consultants |
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Sales and marketing |
3
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---- |
---- |
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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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£ |
£ |
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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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UK current tax expense |
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--------- |
--------- |
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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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------------ |
--------- |
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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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------------ |
--------- |
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Tax on profit |
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--------- |
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Equipment |
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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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-------- |
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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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-------- |
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Carrying amount |
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At 31 December 2023 |
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-------- |
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At 31 December 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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Amounts owed by group undertakings |
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Prepayments and accrued income |
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Amounts recoverable on long term contracts |
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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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------------ |
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------------ |
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2023 |
2022 |
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No. |
£ |
No. |
£ |
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10,100 |
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10,100 |
-------- |
-------- |
-------- |
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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 |
|
1,535,987 |
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Debt due within one year |
(170,271) |
(295,509) |
(465,780) |
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