Caseware UK (AP4) 2023.0.135 2023.0.135 2024-06-302024-06-302024-06-30false2023-07-01falseNo description of principal activitytrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 4373559 2023-07-01 2024-06-30 4373559 2022-07-01 2023-06-30 4373559 2024-06-30 4373559 2023-06-30 4373559 2022-07-01 4373559 c:CompanySecretary1 2023-07-01 2024-06-30 4373559 c:Director1 2023-07-01 2024-06-30 4373559 c:Director2 2023-07-01 2024-06-30 4373559 c:Director3 2023-07-01 2024-06-30 4373559 c:Director4 2023-07-01 2024-06-30 4373559 c:Director4 2024-06-30 4373559 c:RegisteredOffice 2023-07-01 2024-06-30 4373559 d:ComputerEquipment 2023-07-01 2024-06-30 4373559 d:ComputerEquipment 2024-06-30 4373559 d:ComputerEquipment 2023-06-30 4373559 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 4373559 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-07-01 2024-06-30 4373559 d:Goodwill 2023-07-01 2024-06-30 4373559 d:CopyrightsPatentsTrademarksServiceOperatingRights 2023-07-01 2024-06-30 4373559 d:CurrentFinancialInstruments 2024-06-30 4373559 d:CurrentFinancialInstruments 2023-06-30 4373559 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 4373559 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 4373559 d:ShareCapital 2023-07-01 2024-06-30 4373559 d:ShareCapital 2024-06-30 4373559 d:ShareCapital 2022-07-01 2023-06-30 4373559 d:ShareCapital 2023-06-30 4373559 d:ShareCapital 2022-07-01 4373559 d:SharePremium 2023-07-01 2024-06-30 4373559 d:SharePremium 2024-06-30 4373559 d:SharePremium 2022-07-01 2023-06-30 4373559 d:SharePremium 2023-06-30 4373559 d:SharePremium 2022-07-01 4373559 d:RetainedEarningsAccumulatedLosses 2023-07-01 2024-06-30 4373559 d:RetainedEarningsAccumulatedLosses 2024-06-30 4373559 d:RetainedEarningsAccumulatedLosses 2022-07-01 2023-06-30 4373559 d:RetainedEarningsAccumulatedLosses 2023-06-30 4373559 d:RetainedEarningsAccumulatedLosses 2022-07-01 4373559 c:FRS102 2023-07-01 2024-06-30 4373559 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 4373559 c:FullAccounts 2023-07-01 2024-06-30 4373559 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 4373559 d:Subsidiary1 2023-07-01 2024-06-30 4373559 d:Subsidiary1 1 2023-07-01 2024-06-30 4373559 d:Subsidiary2 2023-07-01 2024-06-30 4373559 d:Subsidiary2 1 2023-07-01 2024-06-30 4373559 d:Subsidiary3 2023-07-01 2024-06-30 4373559 d:Subsidiary3 1 2023-07-01 2024-06-30 4373559 d:Subsidiary4 2023-07-01 2024-06-30 4373559 d:Subsidiary4 1 2023-07-01 2024-06-30 4373559 d:Subsidiary5 2023-07-01 2024-06-30 4373559 d:Subsidiary5 1 2023-07-01 2024-06-30 4373559 d:Subsidiary6 2023-07-01 2024-06-30 4373559 d:Subsidiary6 1 2023-07-01 2024-06-30 4373559 d:Subsidiary7 2023-07-01 2024-06-30 4373559 d:Subsidiary7 1 2023-07-01 2024-06-30 4373559 c:Consolidated 2024-06-30 4373559 c:ConsolidatedGroupCompanyAccounts 2023-07-01 2024-06-30 4373559 6 2023-07-01 2024-06-30 4373559 e:PoundSterling 2023-07-01 2024-06-30 iso4217:GBP xbrli:pure
Company registration number: 4373559







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
30 JUNE 2024


INDEPENDENT AUDIT LIMITED






































img3b77.png                        

 


INDEPENDENT AUDIT LIMITED
 


 
COMPANY INFORMATION


Directors
Kenneth Aphunezi Olisa 
Jonathan James Hayward 
Richard Lindsey Sheath 
Susan Stenson (resigned 1 July 2024)




Company secretary
Quayseco Limited



Registered number
4373559



Registered office
One, Glass Wharf

Bristol

BS2 0ZX




Accountants
Menzies LLP
Chartered Accountants

Lynton House

7-12 Tavistock Square

London

WC1H 9LT





 


INDEPENDENT AUDIT LIMITED
 



CONTENTS



Page
Consolidated statement of financial position
1 - 2
Company statement of financial position
3 - 4
Consolidated statement of changes in equity
5 - 6
Company statement of changes in equity
7
Notes to the financial statements
8 - 16


 


INDEPENDENT AUDIT LIMITED
REGISTERED NUMBER:4373559



CONSOLIDATED STATEMENT OF FINANCIAL POSITION
AS AT 30 JUNE 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 4 
120,001
184,700

Tangible assets
 5 
11,374
10,307

  
131,375
195,007

Current assets
  

Debtors: amounts falling due within one year
 7 
320,665
485,526

Cash at bank and in hand
  
77,062
119,545

  
397,727
605,071

Creditors: amounts falling due within one year
 8 
(680,841)
(843,862)

Net current liabilities
  
 
 
(283,114)
 
 
(238,791)

Total assets less current liabilities
  
(151,739)
(43,784)

Provisions for liabilities
  

Net assets excluding pension asset
  
(151,739)
(43,784)

Net liabilities
  
(151,739)
(43,784)

Page 1

 


INDEPENDENT AUDIT LIMITED
REGISTERED NUMBER:4373559


    
CONSOLIDATED STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 JUNE 2024

2024
2023
Note
£
£

Capital and reserves
  

Called up share capital 
  
30,487
30,487

Share premium account
  
165,272
165,272

Foreign exchange reserve
  
(46,087)
(36,391)

Profit and loss account
  
(301,411)
(203,152)

Equity attributable to owners of the parent Company
  
(151,739)
(43,784)

  
(151,739)
(43,784)


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the consolidated statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 





Jonathan James Hayward
Director

Date: 6 February 2025

The notes on pages 8 to 16 form part of these financial statements.

Page 2

 


INDEPENDENT AUDIT LIMITED
REGISTERED NUMBER:4373559



COMPANY STATEMENT OF FINANCIAL POSITION
AS AT 30 JUNE 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 4 
120,001
184,700

Tangible assets
 5 
11,260
9,904

Investments
 6 
4,375
4,375

  
135,636
198,979

Current assets
  

Debtors: amounts falling due within one year
 7 
226,465
428,896

Cash at bank and in hand
  
61,986
118,417

  
288,451
547,313

Creditors: amounts falling due within one year
 8 
(574,918)
(792,515)

Net current liabilities
  
 
 
(286,467)
 
 
(245,202)

Total assets less current liabilities
  
(150,831)
(46,223)

  

  

Net assets excluding pension asset
  
(150,831)
(46,223)

Net liabilities
  
(150,831)
(46,223)

Page 3

 


INDEPENDENT AUDIT LIMITED
REGISTERED NUMBER:4373559


    
COMPANY STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 JUNE 2024

2024
2023
Note
£
£


Capital and reserves
  

Called up share capital 
  
30,487
30,487

Share premium account
  
165,272
165,272

Profit and loss account brought forward
  
(241,982)
(354,341)

Loss/(profit) for the year
  
(104,608)
112,359

Profit and loss account carried forward
  
(346,590)
(241,982)

  
(150,831)
(46,223)


The directors consider that the Company is entitled to exemption from the requirement to have an audit under the provisions of section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the consolidated statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 





Jonathan James Hayward
Director

Date: 6 February 2025

The notes on pages 8 to 16 form part of these financial statements.

Page 4

 
INDEPENDENT AUDIT LIMITED

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 JUNE 2024



Called up share capital
Share premium account
Foreign exchange reserve
Profit and loss account
Equity attributable to owners of parent Company
Total equity


£
£
£
£
£
£


At 1 July 2023
30,487
165,272
(36,391)
(203,152)
(43,784)
(43,784)



Comprehensive income for the year


Loss for the year
-
-
-
(98,259)
(98,259)
(98,259)


Movement on re-translation of foreign subsidiaries
-
-
(9,696)
-
(9,696)
(9,696)

Total comprehensive income for the year
-
-
(9,696)
(98,259)
(107,955)
(107,955)



Total transactions with owners
-
-
-
-
-
-



At 30 June 2024
30,487
165,272
(46,087)
(301,411)
(151,739)
(151,739)



Page 5


 
INDEPENDENT AUDIT LIMITED

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 JUNE 2023



Called up share capital
Share premium account
Foreign exchange reserve
Profit and loss account
Equity attributable to owners of parent Company
Total equity


£
£
£
£
£
£


At 1 July 2022
27,112
165,272
(28,550)
(232,013)
(68,179)
(68,179)



Comprehensive income for the year


Profit for the year
-
-
-
28,861
28,861
28,861


Movement on re-translation of foreign subsidiaries
-
-
(7,841)
-
(7,841)
(7,841)

Total comprehensive income for the year
-
-
(7,841)
28,861
21,020
21,020



Contributions by and distributions to owners


Shares issued during the year
3,375
-
-
-
3,375
3,375



Total transactions with owners
3,375
-
-
-
3,375
3,375



At 30 June 2023
30,487
165,272
(36,391)
(203,152)
(43,784)
(43,784)



The notes on pages 8 to 16 form part of these financial statements.

Page 6


 
INDEPENDENT AUDIT LIMITED

COMPANY STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 JUNE 2024



Called up share capital
Share premium account
Profit and loss account
Total equity


£
£
£
£



At 1 July 2022
27,112
165,272
(354,341)
(161,957)



Comprehensive income for the year


Profit for the year
-
-
112,359
112,359

Total comprehensive income for the year
-
-
112,359
112,359



Contributions by and distributions to owners


Shares issued during the year
3,375
-
-
3,375



Total transactions with owners
3,375
-
-
3,375





At 1 July 2023
30,487
165,272
(241,982)
(46,223)



Comprehensive income for the year


Loss for the year
-
-
(104,608)
(104,608)



Total transactions with owners
-
-
-
-



At 30 June 2024
30,487
165,272
(346,590)
(150,831)



The notes on pages 8 to 16 form part of these financial statements.

Page 7
 


INDEPENDENT AUDIT LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


General information

Independent Audit Limited is a private company limited by shares incorporated in England and Wales. The address of the registered office is One, Glass Wharf, Bristol, BS2 0ZX.
The principal place of business is 107 Cheapside, London, EC2V 6DN.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The consolidated financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The Company has taken advantage of the exemption allowed under section 408 of the Companies Act 2006 and has not presented its own Income statement in these financial statements.

The following principal accounting policies have been applied:

 
2.2

Basis of consolidation

The consolidated financial statements present the results of the Company and its own subsidiaries ("the Group") as if they form a single entity. Intercompany transactions and balances between group companies are therefore eliminated in full.
The consolidated financial statements incorporate the results of business combinations using the purchase method. In the Statement of financial position, the acquiree's identifiable assets, liabilities and contingent liabilities are initially recognised at their fair values at the acquisition date. The results of acquired operations are included in the Consolidated income statement from the date on which control is obtained. They are deconsolidated from the date control ceases.
In accordance with the transitional exemption available in FRS 102, the Group has chosen not to retrospectively apply the standard to business combinations that occurred before the date of transition to FRS 102, being 01 July 2015.

 
2.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Page 8

 


INDEPENDENT AUDIT LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.4

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Group and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Group will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.5

Research and development

In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research shall be recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised on a straight-line basis over their useful economic lives, which range from 3 to 6 years.
If it is not possible to distinguish between the research phase and the development phase of an internal project, the expenditure is treated as if it were all incurred in the research phase only.

 
2.6

Pensions

Defined contribution pension plan

The Group operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Group pays fixed contributions into a separate entity. Once the contributions have been paid the Group has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Group in independently administered funds.

 
2.7

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company and the Group operate and generate income.

Page 9

 


INDEPENDENT AUDIT LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.8

Intangible assets

Other intangible assets
Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

 The estimated useful lives range as follows:

Development expenditure
-
5
years
Formation expenses
-
2
years
Intellectual property
-
5
years

 
2.9

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Computer equipment
-
33%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.10

Impairment of fixed assets and goodwill

Assets that are subject to depreciation or amortisation are assessed at each reporting date to determine whether there is any indication that the assets are impaired. Where there is any indication that an asset may be impaired, the carrying value of the asset (or cash-generating unit to which the asset has been allocated) is tested for impairment. An impairment loss is recognised for the amount by which the asset's carrying amount exceeds its recoverable amount. The recoverable amount is the higher of an asset's (or CGU's) fair value less costs to sell and value in use. For the purposes of assessing impairment, assets are grouped at the lowest levels for which there are separately identifiable cash flows (CGUs). Non-financial assets that have been previously impaired are reviewed at each reporting date to assess whether there is any indication that the impairment losses recognised in prior periods may no longer exist or may have decreased.

 
2.11

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.12

Financial instruments

The Group has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Group's Statement of financial position when the Group becomes party to the contractual provisions of the instrument.
Page 10

 


INDEPENDENT AUDIT LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)


2.12
Financial instruments (continued)


Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Group's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.


3.


Employees

The average monthly number of employees, including directors, during the year was 21 (2023 - 21).

Page 11

 


INDEPENDENT AUDIT LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

4.


Intangible assets

Group and Company





Development expenditure
Intellectual property
Formation expenses
Total

£
£
£
£



Cost


At 1 July 2023
123,502
200,000
2,711
326,213



At 30 June 2024

123,502
200,000
2,711
326,213



Amortisation


At 1 July 2023
98,801
40,000
2,711
141,512


Charge for the year on owned assets
24,700
40,000
-
64,700



At 30 June 2024

123,501
80,000
2,711
206,212



Net book value



At 30 June 2024
1
120,000
-
120,001



At 30 June 2023
24,700
160,000
-
184,700



Page 12

 


INDEPENDENT AUDIT LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

5.


Tangible fixed assets

Group






Computer equipment

£



Cost or valuation


At 1 July 2023
80,054


Additions
12,106



At 30 June 2024

92,160



Depreciation


At 1 July 2023
69,747


Charge for the year on owned assets
11,039



At 30 June 2024

80,786



Net book value



At 30 June 2024
11,374



At 30 June 2023
10,307

Page 13

 


INDEPENDENT AUDIT LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

Company






Computer equipment

£

Cost or valuation


At 1 July 2023
78,846


Additions
12,106



At 30 June 2024

90,952



Depreciation


At 1 July 2023
68,942


Charge for the year on owned assets
10,750



At 30 June 2024

79,692



Net book value



At 30 June 2024
11,260



At 30 June 2023
9,904






Page 14

 


INDEPENDENT AUDIT LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

6.


Fixed asset investments

Company





Investments in subsidiary companies

£



Cost or valuation


At 1 July 2023
4,375



At 30 June 2024
4,375




The Company has six dormant subsidiaries registered in England and Wales: IndependentBoard Review Limited,
Independent Audit & Risk Review Limited, Independent Audit Review Limited, Independent Risk Review
Limited, ThinkingBoard  Limited and Thinking Board Evaluator Limited. 
All dormant companies issued share capital comprises 1 Ordinary share of £1 for each; the Company's interest is 100%.
The Company also has a trading subsidiary registered in Belgium, IAL Europe SRL the issued share capital comprises of 5,000 €1 shares; the Company's interest is 100%.
The Company has an investment in IPITSI Limited, which was valued to nil in the prior year, the company is registered in England and Wales; the Company's interest is 8%.


Subsidiary undertakings


The following were subsidiary undertakings of the Company:

Name

Class of shares

Holding

ThinkingBoard Limited
Ordinary
100%
Independent  Board Review Limited
Ordinary
100%
Independent Audit & Risk Review Limited
Ordinary
100%
Independent Audit Review Limited
Ordinary
100%
Independent Risk Review Limited
Ordinary
100%
IAL Europe SRL
Ordinary
100%
Thinking Board Evaluator Limited
Ordinary
100%

IndependentBoard Review Limited, Independent Audit & Risk Review Limited, Independent Audit Review Limited and Independent Risk Review Limited have a registered office address of Warnford Court, 29 Throgmorton Street, London, EC2N 2AT.
ThinkingBoard Limited and Thinking Board Evaluator Limited have a registered office address of One, Glass Wharf, Bristol, BS2 0ZX.
IAL Europe has a registered office address of Avenue Louise, 367, 1050 Brussels.

Page 15

 


INDEPENDENT AUDIT LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

7.


Debtors

Group
Group
Company
Company
2024
2023
2024
2023
£
£
£
£


Trade debtors
193,277
286,152
106,345
232,479

Amounts owed by group undertakings
-
-
53,426
-

Other debtors
43,044
17,878
15,074
15,077

Prepayments and accrued income
84,344
181,496
51,620
181,340

320,665
485,526
226,465
428,896



8.


Creditors: Amounts falling due within one year

Group
Group
Company
Company
2024
2023
2024
2023
£
£
£
£

Bank overdrafts
32,477
71,322
32,477
71,322

Bank loans
-
98,366
-
98,366

Trade creditors
100,022
105,794
39,491
67,756

Amounts owed to group undertakings
-
-
1
12,011

Corporation tax
45,393
25,320
-
-

Other taxation and social security
118,094
169,397
118,094
169,397

Other creditors
3,905
41,505
3,905
41,505

Accruals and deferred income
380,950
332,158
380,950
332,158

680,841
843,862
574,918
792,515


Bank overdrafts totalling £32,477 (2023 - £71,322) are secured by way of a floating charge.

 
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