Directors |
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Secretary |
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Company Number |
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Registered Office | Old Bank Chambers |
582-586 Kingsbury Road Erdington | |
Birmingham | |
West Midlands | |
B24 9ND | |
Business | Unit 54 Gravelly Industrial Park |
Jarvis Way | |
Birmingham | |
West Midlands | |
B24 8TQ | |
Auditors |
|
Suite 4 Europa House | |
Europa Way | |
Lichfield | |
Staffordshire | |
WS14 9TZ | |
Director
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Director
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25/02/2025
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Resigned |
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Director
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Director
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for and on behalf of
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Suite 4 Europa House
Europa Way
Lichfield
Staffordshire
WS14 9TZ
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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 | 4 |
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(Loss)/profit on disposal of fixed assets |
( |
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Other interest receivable and similar income | 9 |
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Interest payable and similar charges | 10 |
( |
( |
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PROFIT BEFORE TAXATION |
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Tax on Profit | 11 |
( |
( |
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PROFIT AFTER TAXATION BEING PROFIT FOR THE FINANCIAL YEAR |
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2024 | 2023 | |||
---|---|---|---|---|
£ | £ | |||
PROFIT FOR THE FINANCIAL YEAR |
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OTHER COMPREHENSIVE INCOME: | ||||
Loss on revaluation of other assets |
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( |
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TOTAL COMPREHENSIVE INCOME FOR THE YEAR |
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2024 | 2023 | ||||
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Notes | £ | £ | £ | £ | |
FIXED ASSETS | |||||
Intangible Assets | 12 |
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Tangible Assets | 13 |
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CURRENT ASSETS | |||||
Stocks | 14 |
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Debtors | 15 |
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Cash at bank and in hand |
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Creditors: Amounts Falling Due Within One Year | 16 |
( |
( |
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NET CURRENT ASSETS (LIABILITIES) |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
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PROVISIONS FOR LIABILITIES | |||||
Deferred Taxation | 17 |
( |
( |
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NET ASSETS |
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CAPITAL AND RESERVES | |||||
Called up share capital | 19 |
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Revaluation reserve | 24 |
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Capital redemption reserve |
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Profit and Loss Account |
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SHAREHOLDERS' FUNDS | 7,563,450 | 6,440,343 | |||
Director
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Director
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Share Capital | Revaluation reserve | Capital Redemption | Profit and Loss Account | Total | |
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£ | £ | £ | £ | £ | |
As at 1 March 2022 |
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4,547,785 |
Profit for year | - | - | - | 2,290,101 |
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Surplus on revaluation | - |
( |
- | - |
( |
Other comprehensive income for the year | - |
( |
- |
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( |
Total comprehensive income for the year | - | (25,543) | - |
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2,264,558 |
Dividends paid | - | - | - | (372,000) | (372,000) |
Share capital reduction |
( |
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- | - |
Transfer from revaluation reserve | - | - | - | 28,634 | 28,634 |
Transfer to/from Profit & Loss Account | - |
( |
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- | (28,634) |
As at 28 February 2023 and 1 March 2023 |
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6,440,343 |
Profit for the year and total comprehensive income | - | - | - |
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1,501,107 |
Dividends paid | - | - | - | (378,000) | (378,000) |
Transfer from revaluation reserve | - | - | - | 28,634 | 28,634 |
Transfer to/from Profit & Loss Account | - |
( |
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- | (28,634) |
As at 29 February 2024 |
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7,563,450 |
2024 | 2023 | |||
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Notes | £ | £ | ||
Cash flows from operating activities | ||||
Net cash generated from operations | 1 |
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Interest paid |
( |
( |
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Tax paid |
( |
( |
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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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Interest received |
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Net cash (used in)/generated from investing activities |
( |
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Cash flows from financing activities | ||||
Equity dividends paid |
( |
( |
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Amount introduced by directors | 3,627 | - | ||
Amount withdrawn by directors | - | (6,366) | ||
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 | 13,766 | (13,150) | |
Foreign exchange losses/(gains) | 6,424 | (10,086) | |
Movements in working capital: | |||
Decrease/(increase) in stocks |
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( |
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(Increase)/decrease in trade and other debtors |
( |
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(Decrease)/increase in trade and other creditors |
( |
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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 March 2023 | Cash flows | As at 29 February 2024 | |
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£ | £ | £ | |
Cash at bank and in hand |
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758,274 |
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Plant & Machinery |
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Motor Vehicles |
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Fixtures & Fittings |
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Computer Equipment |
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2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
Sales of goods | 13,185,453 | 13,042,482 | |
2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
Operating lease rentals |
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Exchange differences |
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( |
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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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Sales, marketing and distribution |
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Manufacturing |
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2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
Emoluments |
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Company contributions to defined benefit pension schemes |
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2024 | 2023 | ||
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Defined benefit pension schemes |
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2024 | 2023 | ||
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£ | £ | ||
Emoluments |
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Company contributions to defined benefit pension schemes |
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2024 | 2023 | ||
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£ | £ | ||
Bank interest receivable |
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53,388 | 80 | ||
2024 | 2023 | ||
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£ | £ | ||
Late payment tax charges |
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Other finance charges |
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104,726 | 94,617 | ||
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% | 19.0% |
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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 | 2,161,142 | 2,816,654 | |||
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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Capital allowances |
( |
( |
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Short term timing differences |
( |
( |
Research and Development tax credit |
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( |
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Prior period adjustment |
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Difference in tax rates |
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Total tax charge for the period | 660,035 | 526,553 | |||
Deferred tax charge in the year recognised in other comprehensive income is £0 (2023 £15,219).
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Goodwill | Other | Total | |
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£ | £ | £ | |
Cost | |||
As at 1 March 2023 |
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As at 29 February 2024 |
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Amortisation | |||
As at 1 March 2023 |
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Provided during the period |
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As at 29 February 2024 |
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Net Book Value | |||
As at 29 February 2024 |
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As at 1 March 2023 |
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Plant & Machinery | Motor Vehicles | Fixtures & Fittings | Computer Equipment | Total | |
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£ | £ | £ | £ | £ | |
Cost or Valuation | |||||
As at 1 March 2023 |
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Additions |
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Disposals |
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( |
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( |
As at 29 February 2024 |
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Depreciation | |||||
As at 1 March 2023 |
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Provided during the period |
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Disposals |
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( |
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( |
As at 29 February 2024 |
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Net Book Value | |||||
As at 29 February 2024 |
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As at 1 March 2023 |
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Plant & Machinery | Motor Vehicles | Fixtures & Fittings | Computer Equipment | Total | |
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£ | £ | £ | £ | £ | |
At cost | 735,659 | 402,883 | 243,051 | 101,163 | 1,482,756 |
At valuation | 286,342 | - | - | - | 286,342 |
1,022,001 | 402,883 | 243,051 | 101,163 | 1,769,098 | |
Plant & Machinery | |
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£ | |
Cost | 735,659 |
Accumulated depreciation and impairment | 614,801 |
Carrying amount |
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2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
Stock-raw materials |
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2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
Due within one year | |||
Trade debtors |
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Other debtors | 412,335 | 326,675 | |
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2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
Trade creditors |
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Other creditors | 586,574 | 548,551 | |
Corporation tax |
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Taxation and social security | 183,581 | 40,647 | |
Accruals and deferred income |
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2024 | 2023 | ||
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£ | £ | ||
Other timing differences | 114,796 | 121,734 | |
2024
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2023
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£
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£
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Accelerated capItal allowances
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43,211
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50,149
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Revaluation
|
71,585
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71,585
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Deferred Tax | Total | |
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£ | £ | |
As at 1 March 2023 |
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121,734 |
Additions |
( |
(6,938) |
Balance at 29 February 2024 |
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114,796 |
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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As at 1 March 2023 | Amounts advanced | Amounts repaid | Amounts written off | As at 29 February 2024 | |
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£ | £ | £ | £ | £ | |
Ms Anita Bass | 188 | 94,500 | 94,056 | - | 632 |
Mr Kevin Kirby |
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- |
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Mr Lee Kirby |
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- |
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2024 | 2023 | ||
---|---|---|---|
£ | £ | ||
On equity shares: | |||
Final dividend paid |
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378,000 | 372,000 | ||