Director
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19 December 2024
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Resigned |
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Director
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for and on behalf of
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Sterling House
Outrams Wharf
Little Eaton
Derbyshire
DE21 5EL
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2024 | 2023 | |||
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Notes | £ | £ | ||
TURNOVER | 3 |
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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 |
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OPERATING PROFIT | 5 |
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(Loss)/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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PROFIT BEFORE TAXATION |
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Tax on Profit | 12 |
( |
( |
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PROFIT AFTER TAXATION BEING PROFIT FOR THE FINANCIAL YEAR ATTRIBUTABLE TO THE OWNERS OF THE PARENT |
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2024 | 2023 | |||
---|---|---|---|---|
£ | £ | |||
PROFIT 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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2024 | 2023 | ||||
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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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Investments | 18 |
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Cash at bank and in hand |
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Creditors: Amounts Falling Due Within One Year | 19 |
( |
( |
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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 | 20 |
( |
( |
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PROVISIONS FOR LIABILITIES | |||||
Deferred Taxation | 23 |
( |
( |
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NET ASSETS |
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CAPITAL AND RESERVES | |||||
Called up share capital | 24 |
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Profit and Loss Account |
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SHAREHOLDERS' FUNDS | 6,432,764 | 3,936,691 | |||
Director
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2024 | 2023 | ||||
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Notes | £ | £ | £ | £ | |
FIXED ASSETS | |||||
Investments | 15 |
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CURRENT ASSETS | |||||
Debtors | 17 |
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Creditors: Amounts Falling Due Within One Year | 19 |
( |
( |
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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 | 20 |
( |
( |
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NET ASSETS |
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CAPITAL AND RESERVES | |||||
Called up share capital | 24 |
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Profit and Loss Account |
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SHAREHOLDERS' FUNDS | 223 | 216 | |||
Director
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Share Capital | Profit and Loss Account | Total | |
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£ | £ | £ | |
As at 1 May 2022 |
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1,027,473 |
Profit for the year and total comprehensive income | - |
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3,071,218 |
Dividends paid | - | (162,000) | (162,000) |
As at 30 April 2023 and 1 May 2023 |
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3,936,691 |
Profit for the year and total comprehensive income | - |
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2,900,653 |
Dividends paid | - | (404,580) | (404,580) |
As at 30 April 2024 |
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6,432,764 |
Share Capital | Profit and Loss Account | Total | |
---|---|---|---|
£ | £ | £ | |
As at 1 May 2022 |
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216 |
Profit for the year and total comprehensive income | - |
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162,000 |
Dividends paid | - | (162,000) | (162,000) |
As at 30 April 2023 and 1 May 2023 |
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216 |
Profit for the year and total comprehensive income | - |
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404,587 |
Dividends paid | - | (404,580) | (404,580) |
As at 30 April 2024 |
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223 |
2024 | 2023 | |||
---|---|---|---|---|
Notes | £ | £ | ||
Cash flows from operating activities | ||||
Net cash generated from operations | 1 |
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Interest paid |
( |
( |
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Tax (paid)/refunded |
( |
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Net cash generated from operating activities |
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Cash flows from investing activities | ||||
Purchase of tangible assets |
( |
( |
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Proceeds from disposal of tangible assets |
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Purchase of current asset investments |
( |
( |
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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 | ||||
Equity dividends paid |
( |
( |
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Repayment of bank borrowings |
( |
( |
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Repayment of finance leases |
( |
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Net cash used in financing activities |
( |
( |
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Increase in cash and cash equivalents |
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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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2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
Profit for the financial year |
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Adjustments for: | |||
Tax on 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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Loss/(profit) on disposal of tangible assets | 16,903 | (23,254) | |
Movements in working capital: | |||
(Increase)/decrease in stocks |
( |
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(Increase)/decrease in trade and other debtors |
( |
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Increase/(decrease) in trade and other creditors |
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( |
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Net cash generated from operations |
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2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
Cash at bank and in hand |
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As at 1 May 2023 | Cash flows | New finance leases | As at 30 April 2024 | |
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£ | £ | £ | £ | |
Cash at bank and in hand |
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297,362 | - |
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Finance leases | (811,188) | 403,667 | (489,283) | (896,804) |
Debts falling due within one year |
( |
- | - |
( |
Debts falling due after more than one year | (333,333) | 83,333 | - | (250,000) |
2,735,773 | 784,362 | (489,283) | 3,030,852 | |
2024 | 2023 | |||
---|---|---|---|---|
Notes | £ | £ | ||
Cash flows from operating activities | ||||
Net cash used in operations | 1 |
( |
( |
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Net cash used in operating activities |
( |
( |
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Cash flows from investing activities | ||||
Dividends received |
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Cash flows from financing activities | ||||
Equity dividends paid |
( |
( |
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Increase/(decrease) in cash and cash equivalents |
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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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2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
Profit for the financial year |
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Adjustments for: | |||
Income from shares in group undertakings | (406,730) | (165,086) | |
Movements in working capital: | |||
Increase in trade and other debtors |
( |
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Increase in trade and other creditors |
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Net cash used in operations |
( |
( |
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Leasehold |
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Plant & Machinery |
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Motor Vehicles |
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2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
United Kingdom |
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34,370,771 | 38,399,806 | ||
2024 | 2023 | ||
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£ | £ | ||
Other operating income |
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20,780 | 26,470 | ||
2024 | 2023 | ||
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£ | £ | ||
Bad debts | (2,325) | (9,680) | |
Depreciation of tangible fixed assets |
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Amortisation of intangible fixed assets |
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2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
Audit Services | |||
Audit of the company's financial statements |
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2024 | 2023 | ||
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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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2024 | 2023 | ||
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Office and administration |
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2024 | 2023 | ||
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£ | £ | ||
Emoluments |
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Company contributions to money purchase pension schemes |
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2024 | 2023 | ||
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Money purchase pension schemes |
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2024 | 2023 | ||
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£ | £ | ||
Bank interest receivable |
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Other interest receivable | 6,000 | 10,088 | |
41,324 | 10,088 | ||
2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
Bank loans and overdrafts |
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Finance charges payable under finance leases and hire purchase contracts | 40,334 | 25,352 | |
55,245 | 43,720 | ||
The tax charge on the profit for the year was as follows:
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Tax Rate | 2024 | 2023 | |||
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2024 | 2023 | £ | £ | ||
Current tax | |||||
UK Corporation Tax | 25.0% | 19.5% |
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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 charge for the year can be reconciled to the expected charge for the year based on the profit and the standard rate of corporation tax as follows:
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2024 | 2023 | ||||
£ | £ | ||||
Profit before tax | 3,902,811 | 3,886,386 | |||
Tax on profit at 25% (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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( |
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Capital allowances |
( |
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Prior period adjustment |
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Tax losses unutilised carried forward |
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Total tax charge for the period | 1,002,158 | 815,168 | |||
Goodwill | |||
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£ | |||
Cost | |||
As at 1 May 2023 |
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As at 30 April 2024 |
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Amortisation | |||
As at 1 May 2023 |
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Provided during the period |
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As at 30 April 2024 |
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Net Book Value | |||
As at 30 April 2024 |
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As at 1 May 2023 |
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Land & Property | ||||
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Leasehold | Plant & Machinery | Motor Vehicles | Total | |
£ | £ | £ | £ | |
Cost | ||||
As at 1 May 2023 |
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Additions |
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Disposals |
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( |
( |
( |
As at 30 April 2024 |
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Depreciation | ||||
As at 1 May 2023 |
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Provided during the period |
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Disposals |
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( |
( |
( |
As at 30 April 2024 |
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Net Book Value | ||||
As at 30 April 2024 |
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As at 1 May 2023 |
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2024 | 2023 | ||
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£ | £ | ||
Plant & Machinery |
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Motor Vehicles |
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Other | |
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£ | |
Cost | |
As at 1 May 2023 |
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As at 30 April 2024 |
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Provision | |
As at 1 May 2023 |
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As at 30 April 2024 |
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Net Book Value | |
As at 30 April 2024 |
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As at 1 May 2023 |
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Name of undertaking | Registered Office | Class of shares held | Direct holding | Indirect holding |
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Windmill Farm, Biggin Lane, Hulland Ward, Ashbourne, Derbyshire DE6 3FN |
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- |
2024 | 2023 | ||
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£ | £ | ||
Stock |
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Work in progress |
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Group | Company | ||||||
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2024 | 2023 | 2024 | 2023 | ||||
£ | £ | £ | £ | ||||
Due within one year | |||||||
Trade debtors |
( |
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Amounts recoverable on contracts |
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Other debtors | 739,100 | 923,491 | 2,150 | - | |||
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Due after more than one year | |||||||
Other debtors | 350,000 | - | - | - | |||
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2024 | 2023 | ||
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£ | £ | ||
Unlisted investments | 1,471,238 | 857,415 | |
Group | Company | ||||||
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2024 | 2023 | 2024 | 2023 | ||||
£ | £ | £ | £ | ||||
Net obligations under finance lease and hire purchase contracts |
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Trade creditors |
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Bank loans and overdrafts |
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Amounts owed to group undertakings | - | - |
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Amounts owed to participating interests |
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Other creditors | 141,612 | 243,472 | 100,000 | 211,822 | |||
Corporation tax |
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Taxation and social security | 118,915 | 77,987 | - | - | |||
Accruals and deferred income |
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Group | Company | ||||||
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2024 | 2023 | 2024 | 2023 | ||||
£ | £ | £ | £ | ||||
Net obligations under finance lease and hire purchase contracts |
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Bank loans |
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Amounts owed to group undertakings | - | - |
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Other creditors | 225,000 | 318,750 | 225,000 | 318,750 | |||
Accruals and deferred income |
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Group | ||||
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2024 | 2023 | |||
£ | £ | |||
Net obligations under finance lease and hire purchase contracts | 896,804 | 811,188 |
Group | ||||
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2024 | 2023 | |||
£ | £ | |||
Amounts falling due within one year or on demand: | ||||
Bank loans |
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Group | ||||
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2024 | 2023 | |||
£ | £ | |||
Amounts falling due between one and five years: | ||||
Bank loans |
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Group | ||||
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2024 | 2023 | |||
£ | £ | |||
The future minimum finance lease payments are as follows: | ||||
Not later than one year |
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Later than one year and not later than five years |
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2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
Other timing differences | 245,134 | 241,891 | |
2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
Not later than one year |
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Later than one year and not later than five years |
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Later than five years |
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As at 1 May 2023 | Amounts advanced | Amounts repaid | Amounts written off | As at 30 April 2024 | |
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£ | £ | £ | £ | £ | |
Mr Steven Wall | 163,759 | - | 115,089 | - | 48,670 |
Mr Matthew Wall |
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- |
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2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
On equity shares: | |||
Final dividend paid |
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