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FOR THE YEAR ENDED |
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FINANCIAL STATEMENTS |
Contents |
Pages |
Officers and professional advisers |
1 |
Strategic report |
2 |
Director's report |
3 to 4 |
Independent auditor's report to the members |
5 to 8 |
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 to 19 |
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OFFICERS AND PROFESSIONAL ADVISERS |
Director |
Mr M Waters
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Company secretary |
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Registered office |
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United Kingdom |
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Auditor |
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Chartered Certified Accountants & Statutory Auditor |
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Numeric House |
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98 Station Road |
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Sidcup |
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Kent |
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DA15 7BY |
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Bankers |
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1 Churchill Place |
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Leicestershire |
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England |
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LE87 2BB |
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Solicitors |
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100 Station Road |
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Sidcup |
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Kent |
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DA15 7DT |
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STRATEGIC REPORT |
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DIRECTOR'S REPORT |
Mr M Waters
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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 Certified Accountants & Statutory Auditor |
Numeric House |
98 Station Road |
Sidcup |
Kent |
DA15 7BY |
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STATEMENT OF COMPREHENSIVE INCOME |
2024 |
2023 |
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(restated) |
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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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Other operating income |
5 |
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------------ |
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Operating profit |
6 |
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Gain/(loss) on financial assets at fair value through profit or loss |
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(
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Interest receivable |
9 |
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Interest payable |
10 |
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– |
------------ |
------------ |
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Profit before taxation |
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Taxation on ordinary activities |
11 |
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------------ |
------------ |
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Profit for the financial year and total comprehensive income |
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------------ |
------------ |
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STATEMENT OF FINANCIAL POSITION |
2024 |
2023 |
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(restated) |
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Note |
£ |
£ |
£ |
Tangible assets |
13 |
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Debtors |
14 |
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Trade investments |
15 |
– |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
17 |
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Net current assets |
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------------ |
------------ |
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Total assets less current liabilities |
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Taxation including deferred tax |
18 |
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------------ |
------------ |
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Net assets |
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Called up share capital |
22 |
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Profit and loss account |
23 |
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------------ |
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Shareholders funds |
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STATEMENT OF CHANGES IN EQUITY |
Called up share capital |
Profit and loss account |
Total |
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Note |
£ |
£ |
£ |
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At 1 May 2022 |
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Profit for the year |
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------- |
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Total comprehensive income for the year |
– |
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At 30 April 2023 (as previously reported) |
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Prior period adjustments |
21 |
– |
139,277 |
139,277 |
------- |
------------ |
------------ |
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At 30 April 2023 (restated) |
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------- |
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Profit for the year |
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------- |
------------ |
------------ |
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Total comprehensive income for the year |
– |
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Dividends paid and payable |
12 |
– |
(
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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 30 April 2024 |
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------- |
------------ |
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STATEMENT OF CASH FLOWS |
2024 |
2023 |
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(restated) |
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Note |
£ |
£ |
Profit for the financial year |
|
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Adjustments for: |
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Depreciation of tangible assets |
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(Gain)/loss on financial assets at fair value through profit or loss |
(221,834) |
353,662 |
Interest receivable |
(
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(
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Interest payable |
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– |
Taxation on ordinary activities |
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Accrued expenses |
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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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– |
Interest received |
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Dividends received |
(
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(
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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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Purchases of other investments |
(70,400) |
(569,357)
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Dividends received |
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Interest received |
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Other investment dealing account movement |
(532)
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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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------------ |
------------ |
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Net increase in cash and cash equivalents |
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Cash and cash equivalents at beginning of year |
3,631,663 |
2,270,880 |
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Cash and cash equivalents at end of year |
16 |
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NOTES TO THE FINANCIAL STATEMENTS |
Production Equipment |
- |
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Motor Vehicles |
- |
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Office Equipment |
- |
50
% straight line |
|
2024 |
2023 |
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(restated) |
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£ |
£ |
|
Advanced computer graphics and conference communication |
|
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------------- |
------------- |
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2024 |
2023 |
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(restated) |
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£ |
£ |
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Dividends on quoted securities |
67,226
|
63,762
|
-------- |
-------- |
|
2024 |
2023 |
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(restated) |
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£ |
£ |
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Depreciation of tangible assets |
|
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Foreign exchange differences |
(
|
(
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-------- |
-------- |
|
2024 |
2023 |
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(restated) |
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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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Production staff |
|
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Administrative staff |
|
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Logistics staff |
|
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---- |
---- |
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---- |
---- |
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2024 |
2023 |
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(restated) |
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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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(restated) |
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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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(restated) |
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£ |
£ |
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Other interest payable and similar charges |
|
– |
------- |
---- |
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2024 |
2023 |
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(restated) |
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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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Taxation on ordinary activities |
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--------- |
--------- |
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2024 |
2023 |
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(restated) |
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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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Effect of revenue exempt from tax |
(
|
(
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Effect of deferred taxation charge |
|
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Effect of fair value adjustment |
(
|
– |
------------ |
------------ |
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Tax on profit |
|
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------------ |
------------ |
|
2024 |
2023 |
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(restated) |
||
£ |
£ |
|
Dividends paid during the year (excluding those for which a liability existed at the end of the prior year ) |
|
– |
------------ |
---- |
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Plant and machinery |
Motor vehicles |
Equipment |
Total |
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£ |
£ |
£ |
£ |
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Cost |
||||
At 1 May 2023 (as restated) |
|
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205,368 |
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Additions |
|
– |
24,752 |
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--------- |
-------- |
--------- |
--------- |
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At 30 April 2024 |
|
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230,120 |
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--------- |
-------- |
--------- |
--------- |
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Depreciation |
||||
At 1 May 2023 |
|
|
194,011 |
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Charge for the year |
|
– |
14,961 |
|
--------- |
-------- |
--------- |
--------- |
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At 30 April 2024 |
|
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208,972 |
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--------- |
-------- |
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Carrying amount |
||||
At 30 April 2024 |
|
– |
21,148 |
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--------- |
-------- |
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At 30 April 2023 |
|
– |
11,357 |
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--------- |
-------- |
--------- |
--------- |
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2024 |
2023 |
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(restated) |
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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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Other debtors |
|
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------------ |
------------ |
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------------ |
------------ |
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2024 |
2023 |
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(restated) |
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£ |
£ |
|
Listed investments |
– |
2,008,831 |
Investment dealing account |
– |
3,661 |
---- |
------------ |
|
– |
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---- |
------------ |
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2024 |
2023 |
|
(restated) |
||
£ |
£ |
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Cash at bank and in hand |
|
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Short-term deposits |
– |
|
------------ |
------------ |
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|
|
|
------------ |
------------ |
|
2024 |
2023 |
|
(restated) |
||
£ |
£ |
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Payments received on account |
|
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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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Other creditors |
|
|
------------ |
------------ |
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------------ |
------------ |
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Deferred tax (note 19) |
|
£ |
|
At 1 May 2023 (as restated) |
|
Additions |
|
------- |
|
At 30 April 2024 |
|
------- |
|
2024 |
2023 |
|
(restated) |
||
£ |
£ |
|
Included in provisions (note 18) |
|
|
------- |
------- |
|
2024 |
2023 |
|
(restated) |
||
£ |
£ |
|
Accelerated capital allowances |
|
|
------- |
------- |
|
2024 |
2023 |
|||
(restated) |
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No. |
£ |
No. |
£ |
|
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|
1,000 |
|
1,000 |
------- |
------- |
------- |
------- |
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At 1 May 2023 |
Cash flows |
At 30 Apr 2024 |
|
£ |
£ |
£ |
|
Cash at bank and in hand |
|
2,108,640 |
|
Debt due within one year |
(997,884) |
(325,000) |
(1,322,884) |
Current asset investments |
|
(2,012,492) |
– |
------------ |
------------ |
------------ |
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(
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------------ |
------------ |
------------ |
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