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Financial Statements |
Contents |
Page |
Strategic report |
1 |
Directors' 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 |
Registered office: |
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Directors' Report |
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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 |
Alex House |
260-268 Chapel Street |
Salford |
M3 5JZ |
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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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Other interest receivable and similar income |
10 |
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Interest payable and similar expenses |
11 |
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– |
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Profit before taxation |
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Tax on profit |
12 |
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Profit for the financial year and total comprehensive income |
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Dividends paid and payable |
13 |
(
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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 |
2024 |
2023 |
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Note |
£ |
£ |
£ |
Tangible assets |
14 |
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Investments |
15 |
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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 |
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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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Taxation including deferred tax |
20 |
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Net assets |
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Called up share capital |
23 |
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Profit and loss account |
24 |
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Shareholders funds |
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Director |
Director |
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Statement of Cash Flows |
2024 |
2023 |
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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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– |
Tax on profit |
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Accrued expenses |
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Changes in: |
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Stocks |
(
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(
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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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– |
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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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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– |
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/(decrease) in cash and cash equivalents |
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(
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Cash and cash equivalents at beginning of year |
395,777 |
1,233,587 |
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Cash and cash equivalents at end of year |
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Notes to the Financial Statements |
Leasehold Land and Buildings |
- |
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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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------------- |
------------- |
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2024 |
2023 |
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£ |
£ |
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Rental income |
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Commission receivable |
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Management charges receivable |
– |
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-------- |
--------- |
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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 |
3,486 |
3,859 |
-------- |
------- |
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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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2024 |
2023 |
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No. |
No. |
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Administrative staff |
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Management staff |
4 |
4 |
---- |
---- |
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---- |
---- |
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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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------------ |
------------ |
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------------ |
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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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------------ |
--------- |
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--------- |
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2024 |
2023 |
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No. |
No. |
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Defined contribution plans |
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---- |
---- |
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2024 |
2023 |
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£ |
£ |
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Aggregate remuneration |
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--------- |
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2024 |
2023 |
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£ |
£ |
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Interest on cash and cash equivalents |
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-------- |
------- |
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2024 |
2023 |
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£ |
£ |
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Interest on banks loans and overdrafts |
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– |
-------- |
---- |
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2024 |
2023 |
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£ |
£ |
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UK current tax expense |
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Origination and reversal of timing differences |
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--------- |
--------- |
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Tax on profit |
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--------- |
--------- |
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2024 |
2023 |
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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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Increase/(decrease) of deferred tax provision |
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--------- |
------------ |
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Tax on profit |
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------------ |
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2024 |
2023 |
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£ |
£ |
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Dividends proposed before the year end and recognised as a liability |
90,000 |
226,000 |
-------- |
--------- |
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Leasehold land and buildings |
Plant and machinery |
Fixtures and fittings |
Motor vehicles |
Total |
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£ |
£ |
£ |
£ |
£ |
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Cost |
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At 1st April 2023 |
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Additions |
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– |
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– |
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------------ |
--------- |
-------- |
------- |
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At 31st March 2024 |
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------------ |
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-------- |
------- |
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Depreciation |
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At 1st April 2023 |
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Charge for the year |
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------------ |
--------- |
-------- |
------- |
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At 31st March 2024 |
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------------ |
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-------- |
------- |
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Carrying amount |
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At 31st March 2024 |
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------------ |
--------- |
-------- |
------- |
------------ |
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At 31st March 2023 |
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------------ |
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-------- |
------- |
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Shares in Associate Undertaking |
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£ |
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Cost |
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At 1st April 2023 and 31st March 2024 |
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--------- |
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Impairment |
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At 1st April 2023 and 31st March 2024 |
– |
--------- |
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Carrying amount |
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At 31st March 2024 |
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--------- |
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At 31st March 2023 |
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--------- |
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2024 |
2023 |
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£ |
£ |
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Raw materials and consumables |
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--------- |
--------- |
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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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Other debtors |
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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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Social security and other taxes |
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Other creditors |
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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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– |
--------- |
---- |
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Deferred tax (note 21) |
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£ |
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At 1st April 2023 |
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Additions |
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-------- |
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At 31st March 2024 |
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-------- |
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2024 |
2023 |
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£ |
£ |
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Included in provisions (note 20) |
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-------- |
-------- |
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2024 |
2023 |
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£ |
£ |
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Accelerated capital allowances |
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-------- |
-------- |
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2024 |
2023 |
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No. |
£ |
No. |
£ |
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100 |
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100 |
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60 |
|
60 |
---- |
---- |
---- |
---- |
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---- |
---- |
---- |
---- |
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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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1,352,955 |
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Debt due within one year |
– |
(27,710) |
(27,710) |
Debt due after one year |
– |
(623,384) |
(623,384) |
--------- |
------------ |
------------ |
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------------ |
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