(1) General Information
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The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is Field House, Providence Farm, York, YO61 3NY. |
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(2) Statement of compliance
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These individual financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A and Companies Act 2006, as applicable to companies subject to the small companies' regime. |
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(3) Significant Accounting Policies
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Basis of Preparation
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The financial statements have been prepared on the historical cost basis and in accordance with the Companies Act 2006. The presentation and functional currency of the company is pounds sterling. The financial statements are presented in pound units (£) unless stated otherwise. |
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Borrowing costs
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All borrowing related costs are included within the statement of income in the period in which they are incurred using the effective interest method. |
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Inventories
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Inventories are measured at the lower of cost and net realisable value. Costs of inventories are determined on a first-in-first-out basis. Net realisable value represents the estimated selling price for inventories less all estimated costs necessary to make the sale. |
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Taxation
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Taxation expense represents the aggregate amount of current tax and deferred tax recognised in the reporting period. |
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Current Tax
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The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit before tax as reported in the income statement because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. |
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(4) Employees
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During the period, the average number of employees including director was 4 (2023 : 4). |
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(5) Debtors
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Amounts falling due within one year
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| | | 2024 | | 2023 | | £ | | £ | | Trade debtors | 300 | | - | Other debtors | 49,820 | | 733 | Prepayments and accrued income | - | | 2,644 | | 50,120 | | 3,377 |
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(6) Creditors: Amounts falling due within one year
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| | | 2024 | | 2023 | | £ | | £ | | Trade creditors | - | | 1,753 | | | | | | | | | | | | | Other creditors | - | | 56,429 | Accruals and deferred income | - | | 750 | | - | | 58,932 |
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(7) Creditors: Amounts falling due after more than one year
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| | | 2024 | | 2023 | | £ | | £ | | Bank loans and overdrafts | - | | 1,182,778 | | | | | Other creditors | - | | 758,800 | | - | | 1,941,578 |
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(8) Share capital and reserves
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| Alloted, called up and fully paid: | 2024 | | 2023 | | £ | | £ | | 200 (2023 : 200) Ordinary shares of £ 1 each | 200 | | 200 | | 200 | | 200 | | | | Retained earnings | | | 2024 | | | | £ | At 1 April 2023 | | | (64,392) | Profit of the year | | | 252,784 | Dividends paid | | | (188,393) | At 30 September 2024 | | | (1) | |
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(9) Directors advances, credit and guarantees
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Overdrawn
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During the year the David Patmore has an overdrawn the balance of £12,402 and the same is repaid on 30/06/2025. During the year the Paul Rose has an overdrawn the balance of £12,402 and the same is repaid on 30/06/2025. During the year the Iain Leedham has an overdrawn the balance of £12,402 and the same is repaid on 30/06/2025. During the year the Ian Tippett has an overdrawn the balance of £12,402 and the same is repaid on 30/06/2025. | |
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