Directors |
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Secretary |
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Company Number |
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Registered Office | Rylance Farm Ind Est |
Walton Lane | |
Barton Under Needwood | |
Burton-On-Trent | |
DE13 8EJ | |
Auditors |
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Masonic Building | |
9 Mill Street | |
Sutton Coldfield | |
West Midlands | |
B72 1TJ | |
Director
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31 October 2024
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Director
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for and on behalf of
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Masonic Building
9 Mill Street
Sutton Coldfield
West Midlands
B72 1TJ
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2023 | 2022 | |||
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Notes | £ | £ | ||
TURNOVER | 3 |
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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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Other operating income |
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OPERATING (LOSS)/PROFIT | 5 |
( |
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Profit on disposal of fixed assets |
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Other interest receivable and similar income | 10 |
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Interest payable and similar charges | 11 |
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( |
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(LOSS)/PROFIT BEFORE TAXATION |
( |
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Tax on (Loss)/profit | 12 |
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( |
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(LOSS)/PROFIT AFTER TAXATION BEING (LOSS)/PROFIT FOR THE FINANCIAL YEAR ATTRIBUTABLE TO THE OWNERS OF THE PARENT |
( |
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2023 | 2022 | |||
---|---|---|---|---|
£ | £ | |||
LOSS FOR THE FINANCIAL YEAR |
( |
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OTHER COMPREHENSIVE INCOME FOR THE YEAR | - | - | ||
TOTAL COMPREHENSIVE INCOME FOR THE YEAR ATTRIBUTABLE TO THE OWNERS OF THE PARENT |
( |
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2023 | 2022 | ||||
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Notes | £ | £ | £ | £ | |
FIXED ASSETS | |||||
Intangible Assets | 13 |
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Tangible Assets | 14 |
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CURRENT ASSETS | |||||
Stocks | 16 |
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Debtors | 17 |
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Cash at bank and in hand |
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Creditors: Amounts Falling Due Within One Year | 18 |
( |
( |
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NET CURRENT ASSETS (LIABILITIES) |
( |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
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Creditors: Amounts Falling Due After More Than One Year | 19 |
( |
( |
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PROVISIONS FOR LIABILITIES | |||||
Deferred Taxation | 20 |
( |
( |
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NET (LIABILITIES)/ASSETS |
( |
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CAPITAL AND RESERVES | |||||
Called up share capital | 22 |
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Profit and Loss Account |
( |
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SHAREHOLDERS' FUNDS | (89,271) | 113,832 | |||
Director
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2023 | 2022 | ||||
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Notes | £ | £ | £ | £ | |
FIXED ASSETS | |||||
Intangible Assets | 13 |
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Tangible Assets | 14 |
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Investments | 15 |
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CURRENT ASSETS | |||||
Stocks | 16 |
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Debtors | 17 |
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Cash at bank and in hand |
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Creditors: Amounts Falling Due Within One Year | 18 |
( |
( |
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NET CURRENT ASSETS (LIABILITIES) |
( |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
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Creditors: Amounts Falling Due After More Than One Year | 19 |
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( |
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PROVISIONS FOR LIABILITIES | |||||
Deferred Taxation | 20 |
( |
( |
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NET (LIABILITIES)/ASSETS |
( |
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CAPITAL AND RESERVES | |||||
Called up share capital | 22 |
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Profit and Loss Account |
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SHAREHOLDERS' FUNDS | (14,052) | 147,912 | |||
Director
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Share Capital | Profit and Loss Account | Total | |
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£ | £ | £ | |
As at 1 November 2021 |
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49 |
Profit for the year and total comprehensive income | - |
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186,832 |
Dividends paid | - | (74,000) | (74,000) |
Arising on shares issued during the period |
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- | 951 |
As at 31 October 2022 and 1 November 2022 |
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113,832 |
Loss for the year and total comprehensive income | - |
( |
(143,103) |
Dividends paid | - | (60,000) | (60,000) |
As at 31 October 2023 |
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( |
(89,271) |
Share Capital | Profit and Loss Account | Total | |
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£ | £ | £ | |
As at 1 November 2021 |
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50 |
Profit for the year and total comprehensive income | - |
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220,912 |
Dividends paid | - | (74,000) | (74,000) |
Arising on shares issued during the period |
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- | 950 |
As at 31 October 2022 and 1 November 2022 |
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147,912 |
Loss for the year and total comprehensive income | - |
( |
(101,964) |
Dividends paid | - | (60,000) | (60,000) |
As at 31 October 2023 |
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(14,052) |
2023 | 2022 | |||
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Notes | £ | £ | ||
Cash flows from operating activities | ||||
Net cash generated from operations | 1 |
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Interest paid |
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( |
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Tax paid |
( |
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Net cash generated from operating activities |
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Cash flows from investing activities | ||||
Purchase of intangible assets |
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( |
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Purchase of tangible assets |
( |
( |
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Proceeds from disposal of tangible assets |
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Purchase of investment in subsidiary undertaking |
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( |
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Interest received |
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Net cash used in investing activities |
( |
( |
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Cash flows from financing activities | ||||
Proceeds from issue of share capital |
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Equity dividends paid |
( |
( |
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Amount introduced by directors | - | 127,990 | ||
Amount withdrawn by directors | (85,536) | - | ||
Net cash (used in)/generated from financing activities |
( |
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Increase/(decrease) in cash and cash equivalents |
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( |
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Cash and cash equivalents at beginning of year | 2 |
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Cash and cash equivalents at end of year | 2 |
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2023 | 2022 | ||
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£ | £ | ||
(Loss)/profit for the financial year |
( |
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Adjustments for: | |||
Tax on (loss)/profit |
( |
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Interest expense | - |
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Interest income |
( |
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Amortisation of intangible assets |
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Depreciation of tangible assets |
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Profit on disposal of tangible assets | (42,023) | - | |
Movements in working capital: | |||
Decrease/(increase) in stocks |
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( |
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Decrease/(increase) in trade and other debtors |
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( |
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(Decrease)/increase in trade and other creditors |
( |
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Net cash generated from operations |
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2023 | 2022 | ||
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£ | £ | ||
Cash at bank and in hand |
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As at 1 November 2022 | Cash flows | As at 31 October 2023 | |
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£ | £ | £ | |
Cash at bank and in hand |
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84,854 |
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Plant & Machinery |
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Motor Vehicles |
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Computer Equipment |
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2023 | 2022 | ||
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£ | £ | ||
Commission income |
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100 | - | ||
2023 | 2022 | ||
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£ | £ | ||
Bad debts | 127,326 | 20 | |
Depreciation of tangible fixed assets |
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Amortisation of intangible fixed assets |
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2023 | 2022 | ||
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£ | £ | ||
Audit Services | |||
Audit of the group and company's financial statements |
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Other Services | |||
Audit-related assurance services |
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Taxation compliance service |
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Other non-audit services |
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10,758 | - | ||
Group | Company | ||||||
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2023 | 2022 | 2023 | 2022 | ||||
£ | £ | £ | £ | ||||
Wages and salaries |
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Social security costs |
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Other pension costs |
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Group | Company | ||||||
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2023 | 2022 | 2023 | 2022 | ||||
Office and administration |
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Sales, marketing and distribution |
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2023 | 2022 | ||
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£ | £ | ||
Emoluments |
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Company contributions to money purchase pension schemes |
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2023 | 2022 | ||
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Money purchase pension schemes |
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2023 | 2022 | ||
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£ | £ | ||
Bank interest receivable |
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2023 | 2022 | ||
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£ | £ | ||
Foreign exchange charges | - |
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Other finance charges | - |
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- | 1,121 | ||
The tax (credit)/charge on the (loss)/profit for the year was as follows:
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Tax Rate | 2023 | 2022 | |||
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2023 | 2022 | £ | £ | ||
Current tax | |||||
UK Corporation Tax | 22.5% | 19.0% |
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Prior period adjustment |
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Deferred Tax | |||||
Deferred taxation |
( |
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Total tax charge for the period |
( |
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The actual (credit)/charge for the year can be reconciled to the expected (credit)/charge for the year based on the (loss)/profit and the standard rate of corporation tax as follows:
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2023 | 2022 | ||||
£ | £ | ||||
Profit before tax | (163,285) | 240,069 | |||
Tax on profit at 22.5% (UK standard rate) |
( |
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Goodwill/depreciation not allowed for tax |
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Expenses not deductible for tax purposes |
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Tax losses utilised |
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Capital allowances |
( |
( |
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Short term timing differences |
( |
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Prior period adjustment |
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Total tax charge for the period | (20,182) | 53,237 | |||
Goodwill | |||
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£ | |||
Cost | |||
As at 1 November 2022 |
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As at 31 October 2023 |
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Amortisation | |||
As at 1 November 2022 |
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Provided during the period |
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As at 31 October 2023 |
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Net Book Value | |||
As at 31 October 2023 |
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As at 1 November 2022 |
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Goodwill | |||
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£ | |||
Cost | |||
As at 1 November 2022 |
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As at 31 October 2023 |
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Amortisation | |||
As at 1 November 2022 |
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Provided during the period |
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As at 31 October 2023 |
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Net Book Value | |||
As at 31 October 2023 |
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As at 1 November 2022 |
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Plant & Machinery | Motor Vehicles | Computer Equipment | Total | |
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£ | £ | £ | £ | |
Cost | ||||
As at 1 November 2022 |
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Additions |
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Disposals |
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( |
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( |
As at 31 October 2023 |
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Depreciation | ||||
As at 1 November 2022 |
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Provided during the period |
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Disposals |
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( |
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( |
As at 31 October 2023 |
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Net Book Value | ||||
As at 31 October 2023 |
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As at 1 November 2022 |
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Plant & Machinery | Motor Vehicles | Computer Equipment | Total | |
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£ | £ | £ | £ | |
Cost | ||||
As at 1 November 2022 |
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Additions |
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Disposals |
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( |
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( |
As at 31 October 2023 |
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Depreciation | ||||
As at 1 November 2022 |
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Provided during the period |
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Disposals |
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( |
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( |
As at 31 October 2023 |
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Net Book Value | ||||
As at 31 October 2023 |
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As at 1 November 2022 |
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Subsidiaries | |
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£ | |
Cost | |
As at 1 November 2022 |
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As at 31 October 2023 |
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Provision | |
As at 1 November 2022 |
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As at 31 October 2023 |
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Net Book Value | |
As at 31 October 2023 |
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As at 1 November 2022 |
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Name of undertaking | Registered Office | Class of shares held | Direct holding | Indirect holding |
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Rylance Farm, Barton Under Needwood, DE13 8EJ |
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- |
Capital and Reserves | Profit/(loss) | |
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£ | £ | |
Strawberry Fields Qmover Ltd |
( |
( |
Group | Company | ||||||
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2023 | 2022 | 2023 | 2022 | ||||
£ | £ | £ | £ | ||||
Stock |
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Group | Company | ||||||
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2023 | 2022 | 2023 | 2022 | ||||
£ | £ | £ | £ | ||||
Due within one year | |||||||
Trade debtors |
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Prepayments and accrued income |
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Other debtors |
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VAT |
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Amounts owed by subsidiaries | - | - |
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Group | Company | ||||||
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2023 | 2022 | 2023 | 2022 | ||||
£ | £ | £ | £ | ||||
Trade creditors |
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Other creditors | 2,889 | 381 | 2,539 | - | |||
Corporation tax | - |
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Taxation and social security | 38,896 | 78,397 | 34,735 | 68,047 | |||
Accruals and deferred income |
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Group | Company | ||||||
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2023 | 2022 | 2023 | 2022 | ||||
£ | £ | £ | £ | ||||
Other creditors | 185,277 | 270,813 | - | 85,535 | |||
Group | Company | ||||||
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2023 | 2022 | 2023 | 2022 | ||||
£ | £ | £ | £ | ||||
Other timing differences | 11,547 | 31,835 | 11,547 | 31,835 | |||
Group | ||
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Deferred Tax | Total | |
£ | £ | |
As at 1 November 2022 |
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31,835 |
Utilised |
( |
(20,288) |
Balance at 31 October 2023 |
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11,547 |
Company | ||
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Deferred Tax | Total | |
£ | £ | |
As at 1 November 2022 |
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31,835 |
Utilised |
( |
(20,288) |
Balance at 31 October 2023 |
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11,547 |
2023 | 2022 | ||
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£ | £ | ||
On equity shares: | |||
Final dividend paid |
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