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Financial Statements |
Contents |
Pages |
Officers and professional advisers |
1 |
Strategic report |
2 |
Directors' 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 22 |
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Officers and Professional Advisers |
The board of directors |
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Registered office |
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Auditor |
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Chartered Accountants & Statutory Auditors |
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2 Westbrook Court |
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Sharrow Vale Road |
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Sheffield |
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S11 8YZ |
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Strategic Report |
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Director |
Director |
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Directors' Report |
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Director |
Director |
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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 Auditors |
2 Westbrook Court |
Sharrow Vale Road |
Sheffield |
S11 8YZ |
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Statement of Comprehensive Income |
2024 |
2023 |
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Note |
£ |
£ |
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Turnover |
4 |
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Cost of sales |
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Gross profit |
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Administrative expenses |
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Operating profit |
5 |
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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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Profit for the financial year and total comprehensive income |
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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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Stocks |
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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Taxation including deferred tax |
20 |
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Net assets |
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Called up share capital |
23 |
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Capital redemption reserve |
24 |
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Profit and loss account |
24 |
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Shareholders funds |
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Director |
Director |
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Statement of Changes in Equity |
Called up share capital |
Capital redemption reserve |
Profit and loss account |
Total |
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£ |
£ |
£ |
£ |
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At 1 July 2022 |
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Profit for the year |
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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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Cancellation of subscribed capital |
(
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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 June 2023 |
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Profit for the year |
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Total comprehensive income for the year |
– |
– |
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Cancellation of subscribed capital |
(
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(
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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 June 2024 |
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------- |
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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 |
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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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Loss/(gains) on disposal of tangible assets |
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(
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Tax on profit |
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Accrued (income)/expenses |
(
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Changes in: |
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Stocks |
(
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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 paid |
(
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(
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Net cash from operating activities |
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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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Net cash (used in)/from investing activities |
(
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Purchase of own shares |
(
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(
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Proceeds from borrowings |
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– |
Repayments of borrowings |
(
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(
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Payments of finance lease liabilities |
(
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(
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Dividends paid |
– |
(
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Net cash used in 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 |
1,383,796 |
448,854 |
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Cash and cash equivalents at end of year |
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Notes to the Financial Statements |
Software Licence |
- |
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Leasehold improvements |
- |
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Plant and machinery |
- |
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Fixtures and fittings |
- |
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Motor vehicles |
- |
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Computer equipment |
- |
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2024 |
2023 |
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£ |
£ |
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Rendering of services |
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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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Loss/(gains) on disposal of tangible assets |
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(
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Impairment of trade debtors |
27,976 |
32,418 |
--------- |
--------- |
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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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------- |
------- |
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Other non-audit services |
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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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---- |
---- |
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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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2024 |
2023 |
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£ |
£ |
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Remuneration |
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Company contributions to defined contribution pension plans |
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--------- |
--------- |
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2024 |
2023 |
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No. |
No. |
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Defined contribution plans |
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---- |
---- |
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2024 |
2023 |
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£ |
£ |
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Aggregate remuneration |
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Company contributions to defined contribution pension plans |
– |
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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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Interest on obligations under finance leases and hire purchase contracts |
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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 expense |
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Origination and reversal of timing differences |
(
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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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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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Utilisation of tax losses |
– |
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R&D tax adjustment |
(
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(
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Super deductions on qualifying plant and machinery |
– |
(
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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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Dividends paid during the year (excluding those for which a liability existed at the end of the prior year ) |
– |
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---- |
-------- |
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Patents, trademarks and licences |
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£ |
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Cost |
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At 1 July 2023 and 30 June 2024 |
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-------- |
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Amortisation |
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At 1 July 2023 |
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Charge for the year |
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-------- |
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At 30 June 2024 |
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Carrying amount |
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At 30 June 2024 |
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At 30 June 2023 |
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Leasehold property improvements |
Plant and machinery |
Fixtures and fittings |
Motor vehicles |
Equipment |
Total |
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£ |
£ |
£ |
£ |
£ |
£ |
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Cost |
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At 1 Jul 2023 |
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Additions |
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Disposals |
– |
(
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– |
– |
(
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(
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--------- |
------------ |
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At 30 Jun 2024 |
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Depreciation |
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At 1 Jul 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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--------- |
------------ |
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At 30 Jun 2024 |
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--------- |
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Carrying amount |
||||||
At 30 Jun 2024 |
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--------- |
------------ |
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At 30 Jun 2023 |
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--------- |
------------ |
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--------- |
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Plant and machinery |
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£ |
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At 30 June 2024 |
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------------ |
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At 30 June 2023 |
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2024 |
2023 |
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£ |
£ |
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Raw materials and consumables |
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--------- |
--------- |
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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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2024 |
2023 |
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£ |
£ |
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Bank loans and overdrafts |
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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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Obligations under finance leases and hire purchase contracts |
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Director loan accounts |
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------------ |
------------ |
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------------ |
------------ |
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2024 |
2023 |
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£ |
£ |
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Bank loans and overdrafts |
|
– |
Obligations under finance leases and hire purchase contracts |
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--------- |
--------- |
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--------- |
--------- |
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2024 |
2023 |
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£ |
£ |
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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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Later than 5 years |
– |
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--------- |
------------ |
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--------- |
------------ |
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Deferred tax (note 21) |
|
£ |
|
At 1 July 2023 |
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Additions |
(
|
--------- |
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At 30 June 2024 |
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--------- |
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2024 |
2023 |
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£ |
£ |
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Included in provisions (note 20) |
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--------- |
--------- |
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2024 |
2023 |
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£ |
£ |
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Accelerated capital allowances |
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--------- |
--------- |
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2024 |
2023 |
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No. |
£ |
No. |
£ |
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|
269 |
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327 |
---- |
---- |
---- |
---- |
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At 1 Jul 2023 |
Cash flows |
At 30 Jun 2024 |
|
£ |
£ |
£ |
|
Cash at bank and in hand |
|
237,679 |
|
Debt due within one year |
(375,048) |
(16,482) |
(391,530) |
Debt due after one year |
(821,011) |
98,143 |
(722,868) |
------------ |
--------- |
------------ |
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------------ |
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2024 |
2023 |
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£ |
£ |
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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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Later than 5 years |
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– |
------------ |
-------- |
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------------ |
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