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Financial Statements |
Contents |
Page |
Strategic report |
1 |
Directors' report |
5 |
Independent auditor's report to the members |
7 |
Consolidated statement of income and retained earnings |
11 |
Company statement of income and retained earnings |
12 |
Consolidated statement of financial position |
13 |
Company statement of financial position |
14 |
Consolidated statement of cash flows |
15 |
Notes to the financial statements |
16 |
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Strategic Report |
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Director |
Registered office: |
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Directors' Report |
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Director |
Registered office: |
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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 accountants & statutory auditor |
128 Ebury Street |
London SW1W 9QQ |
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Consolidated Statement of Income and Retained Earnings |
2024 |
2023 |
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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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Impairment of investments |
72,000 |
– |
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Operating profit |
6 |
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Other interest receivable and similar income |
9 |
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Interest payable and similar expenses |
10 |
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Profit before taxation |
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Tax on profit |
11 |
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--------- |
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Profit for the financial year and total comprehensive income |
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Dividends paid and payable |
12 |
(
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(
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Retained earnings at the start of the year |
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Retained earnings at the end of the year |
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Company Statement of Income and Retained Earnings |
2024 |
2023 |
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Note |
£ |
£ |
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Profit for the financial year and total comprehensive income |
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Dividends paid and payable |
12 |
(
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(
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Retained earnings at the start of the year |
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--------- |
--------- |
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Retained earnings at the end of the year |
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Consolidated Statement of Financial Position |
2024 |
2023 |
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Note |
£ |
£ |
Intangible assets |
13 |
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Tangible assets |
14 |
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Investments |
15 |
– |
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Debtors |
16 |
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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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Total assets less current liabilities |
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Creditors: amounts falling due after more than one year |
18 |
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Provisions |
19 |
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Net assets |
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Called up share capital |
23 |
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Profit and loss account |
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Members funds |
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Director |
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Company Statement of Financial Position |
2024 |
2023 |
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Note |
£ |
£ |
Investments |
15 |
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Creditors: amounts falling due within one year |
17 |
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------- |
------- |
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Net current liabilities |
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Total assets less current liabilities |
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Creditors: amounts falling due after more than one year |
18 |
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Net assets |
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Called up share capital |
23 |
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Profit and loss account |
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---- |
---- |
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Members funds |
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---- |
---- |
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Director |
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Consolidated Statement of Cash Flows |
2024 |
2023 |
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£ |
£ |
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Profit for the financial year |
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Adjustments for: |
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Depreciation of tangible assets |
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Amortisation of intangible assets |
99,250 |
27,250 |
Government grant income |
– |
(
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Other interest receivable and similar income |
(
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(
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Interest payable and similar expenses |
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Gains on disposal of tangible assets |
(
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(
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Tax on profit |
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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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(
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Interest received |
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Tax received |
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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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Proceeds from sale of tangible assets |
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------------ |
--------- |
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Net cash (used in)/from investing activities |
(
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------------ |
--------- |
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Proceeds from borrowings |
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(
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Proceeds from loans from group undertakings |
– |
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Government grant income |
– |
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Dividends paid |
(
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(
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------------ |
--------- |
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Net cash used in financing activities |
(
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(
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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 |
1,091,707 |
530,173 |
------------ |
------------ |
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Cash and cash equivalents at end of year |
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Notes to the Financial Statements |
Goodwill |
- |
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Plant and machinery |
- |
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Fixtures and fittings |
- |
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Motor vehicles |
- |
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Equipment |
- |
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2024 |
2023 |
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£ |
£ |
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Rendering of transportaion services |
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------------- |
------------- |
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2024 |
2023 |
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£ |
£ |
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Government grant income |
– |
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Other operating income |
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------- |
-------- |
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------- |
-------- |
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2024 |
2023 |
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£ |
£ |
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Amortisation of intangible assets |
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Depreciation of tangible assets |
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Gains on disposal of tangible assets |
(
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(
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Impairment of trade debtors |
700 |
(34,910) |
--------- |
--------- |
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2024 |
2023 |
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£ |
£ |
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Fees payable for the audit of the financial statements |
|
– |
-------- |
---- |
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2024 |
2023 |
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No. |
No. |
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Management staff |
7 |
16 |
Operational staff |
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---- |
---- |
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---- |
---- |
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2024 |
2023 |
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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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2024 |
2023 |
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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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£ |
£ |
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Interest on banks loans and overdrafts |
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Other interest payable and similar charges |
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-------- |
-------- |
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-------- |
-------- |
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2024 |
2023 |
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£ |
£ |
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UK current tax income |
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Adjustments in respect of prior periods |
(
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(
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--------- |
--------- |
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Total current tax |
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--------- |
--------- |
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Origination and reversal of timing differences |
(
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(
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--------- |
-------- |
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Tax on profit |
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--------- |
-------- |
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2024 |
2023 |
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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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Adjustment to tax charge in respect of prior periods |
(
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(
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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 different UK tax rates on some earnings |
(626) |
– |
Utilisation of tax losses |
(
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(
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Deferred tax |
(
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(
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------------ |
--------- |
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Tax on profit |
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------------ |
--------- |
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2024 |
2023 |
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£ |
£ |
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Paid during the year |
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--------- |
--------- |
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Group |
Goodwill |
£ |
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Cost |
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At 1 April 2023 and 31 March 2024 |
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------------ |
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Amortisation |
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At 1 April 2023 |
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Charge for the year |
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------------ |
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At 31 March 2024 |
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Carrying amount |
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At 31 March 2024 |
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At 31 March 2023 |
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Group |
Plant and machinery |
Fixtures and fittings |
Motor vehicles |
Equipment |
Total |
£ |
£ |
£ |
£ |
£ |
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Cost |
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At 1 April 2023 |
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Additions |
– |
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Disposals |
– |
– |
(
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– |
(
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-------- |
-------- |
------------ |
--------- |
------------ |
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At 31 March 2024 |
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-------- |
-------- |
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Depreciation |
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At 1 April 2023 |
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Charge for the year |
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Disposals |
– |
– |
(
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– |
(
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-------- |
-------- |
------------ |
--------- |
------------ |
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At 31 March 2024 |
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-------- |
-------- |
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Carrying amount |
|||||
At 31 March 2024 |
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-------- |
-------- |
------------ |
--------- |
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At 31 March 2023 |
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-------- |
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Group |
Other investments other than loans |
Other loans |
Total |
£ |
£ |
£ |
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Cost |
|||
At 1 April 2023 and 31 March 2024 |
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-------- |
-------- |
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Impairment |
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At 1 April 2023 |
– |
– |
– |
Impairment losses |
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-------- |
-------- |
-------- |
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At 31 March 2024 |
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-------- |
-------- |
-------- |
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Carrying amount |
|||
At 31 March 2024 |
– |
– |
– |
-------- |
-------- |
-------- |
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At 31 March 2023 |
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Company |
Shares in group undertakings |
£ |
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Cost |
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At 1 April 2023 and 31 March 2024 |
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------------ |
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Impairment |
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At 1 April 2023 and 31 March 2024 |
– |
------------ |
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Carrying amount |
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At 1 April 2023 and 31 March 2024 |
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------------ |
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At 31 March 2023 |
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------------ |
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Group |
Company |
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2024 |
2023 |
2024 |
2023 |
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£ |
£ |
£ |
£ |
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Trade debtors |
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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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------------ |
------------ |
---- |
---- |
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Group |
Company |
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2024 |
2023 |
2024 |
2023 |
|
£ |
£ |
£ |
£ |
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Other debtors |
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– |
– |
--------- |
--------- |
---- |
---- |
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Group |
Company |
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2024 |
2023 |
2024 |
2023 |
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£ |
£ |
£ |
£ |
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Trade creditors |
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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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------------ |
------------ |
------- |
------- |
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Group |
Company |
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2024 |
2023 |
2024 |
2023 |
|
£ |
£ |
£ |
£ |
|
Director loan accounts |
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Other creditors |
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------------ |
------------ |
------------ |
------------ |
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------------ |
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Group |
Deferred tax (note 20) |
£ |
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At 1 April 2023 |
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Unused amounts reversed |
(
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-------- |
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At 31 March 2024 |
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-------- |
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Group |
Company |
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2024 |
2023 |
2024 |
2023 |
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£ |
£ |
£ |
£ |
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Included in provisions (note 19) |
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– |
– |
-------- |
-------- |
---- |
---- |
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Group |
Company |
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2024 |
2023 |
2024 |
2023 |
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£ |
£ |
£ |
£ |
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Accelerated capital allowances |
|
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– |
– |
-------- |
-------- |
---- |
---- |
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Group |
Company |
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2024 |
2023 |
2024 |
2023 |
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£ |
£ |
£ |
£ |
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Government grants recognised directly in income |
– |
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– |
– |
---- |
-------- |
---- |
---- |
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2024 |
2023 |
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No. |
£ |
No. |
£ |
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|
100 |
|
100 |
---- |
---- |
---- |
---- |
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At 1 Apr 2023 |
Cash flows |
At 31 Mar 2024 |
|
£ |
£ |
£ |
|
Cash at bank and in hand |
|
1,155,202 |
|
Debt due after one year |
(1,153,922) |
(7,253) |
(1,161,175) |
------------ |
------------ |
------------ |
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(
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------------ |
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Group |
Company |
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2024 |
2023 |
2024 |
2023 |
|
£ |
£ |
£ |
£ |
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Not later than 1 year |
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– |
– |
Later than 1 year and not later than 5 years |
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– |
– |
--------- |
--------- |
---- |
---- |
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– |
– |
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--------- |
--------- |
---- |
---- |
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