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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 income and retained earnings |
9 |
Statement of financial position |
10 |
Statement of cash flows |
11 |
Notes to the financial statements |
12 |
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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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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 |
Hallswelle House |
1 Hallswelle Road |
London |
England |
NW11 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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Government grant |
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 |
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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Net assets |
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Called up share capital |
19 |
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Revaluation reserve |
20 |
– |
(
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Profit and loss account |
20 |
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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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Government grant income |
– |
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Interest payable and similar expenses |
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Tax on profit |
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Accrued expenses/(income) |
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(
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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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------------ |
--------- |
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Cash generated from operations |
(
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Interest paid |
(
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(
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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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------------ |
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Purchase of tangible assets |
(
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(
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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 borrowings |
(
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(
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Government grant income |
– |
(
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------------ |
--------- |
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Net cash used in financing activities |
(
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(
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Net (decrease)/increase in cash and cash equivalents |
(
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Cash and cash equivalents at beginning of year |
2,033,318 |
1,972,310 |
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Cash and cash equivalents at end of year |
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Notes to the Financial Statements |
Goodwill |
- |
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Freehold property |
- |
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Plant and machinery |
- |
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Fixtures and fittings |
- |
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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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Government grant income |
– |
(
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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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Impairment of trade debtors |
1,642 |
34,684 |
-------- |
-------- |
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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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2023 |
2022 |
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No. |
No. |
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Administrative staff |
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Management staff |
2 |
1 |
---- |
---- |
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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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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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-------- |
------- |
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2023 |
2022 |
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£ |
£ |
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Interest on banks loans and overdrafts |
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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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--------- |
--------- |
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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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Adjustment to tax charge in respect of prior periods |
(
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– |
Effect of capital allowances and depreciation |
(
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--------- |
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Tax on profit |
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--------- |
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Goodwill |
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£ |
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Cost |
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At 1 October 2022 and 30 September 2023 |
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Amortisation |
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At 1 October 2022 and 30 September 2023 |
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Carrying amount |
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At 30 September 2023 |
– |
------------ |
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At 30 September 2022 |
– |
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Land and buildings |
Plant and machinery |
Fixtures and fittings |
Equipment |
Total |
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£ |
£ |
£ |
£ |
£ |
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Cost or valuation |
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At 1 October 2022 |
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Additions |
– |
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Disposals |
– |
– |
– |
(
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(
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Revaluations |
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– |
– |
– |
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------------ |
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-------- |
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At 30 September 2023 |
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Depreciation |
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At 1 October 2022 |
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Charge for the year |
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Disposals |
– |
– |
– |
(
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(
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------------ |
--------- |
--------- |
-------- |
------------ |
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At 30 September 2023 |
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------------ |
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-------- |
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Carrying amount |
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At 30 September 2023 |
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------------ |
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-------- |
------------ |
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At 30 September 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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Prepayments and accrued income |
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Director's loan account |
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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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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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Director loan accounts |
– |
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Other creditors |
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--------- |
--------- |
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--------- |
--------- |
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2023 |
2022 |
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£ |
£ |
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Bank loans and overdrafts |
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------------ |
------------ |
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2023 |
2022 |
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£ |
£ |
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Government grants recognised directly in income |
– |
(
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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 Oct 2022 |
Cash flows |
At 30 Sep 2023 |
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£ |
£ |
£ |
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Cash at bank and in hand |
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(1,482,348) |
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Debt due within one year |
(128,349) |
31,509 |
(96,840) |
Debt due after one year |
(1,624,061) |
92,172 |
(1,531,889) |
------------ |
------------ |
------------ |
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(
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(
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------------ |
------------ |
------------ |
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2023 |
||||
Balance brought forward |
Advances/ (credits) to the director |
Balance outstanding |
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£ |
£ |
£ |
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(
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-------- |
-------- |
------- |
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2022 |
||||
Balance brought forward |
Advances/ (credits) to the director |
Balance outstanding |
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£ |
£ |
£ |
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(
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(
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-------- |
------- |
-------- |
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