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For the year ended |
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Financial Statements |
Contents |
Page |
Officers and professional advisers |
1 |
Strategic report |
2 |
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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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 auditor |
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Enterprise House |
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38 Tyndall Court |
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Commerce Road |
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Lynch Wood |
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Peterborough |
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Cambridgeshire |
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PE2 6LR |
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Bankers |
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16 South Parade |
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Nottingham |
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NG1 2JX |
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Strategic Report |
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Director |
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Directors' Report |
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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 auditor |
Enterprise House |
38 Tyndall Court |
Commerce Road |
Lynch Wood |
Peterborough |
Cambridgeshire |
PE2 6LR |
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Consolidated Statement of Income and Retained Earnings |
2024 |
2023 |
||
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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------------- |
------------- |
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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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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 |
£ |
£ |
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Tangible assets |
13 |
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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 |
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------------- |
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Total assets less current liabilities |
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Creditors: amounts falling due after more than one year |
17 |
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– |
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Taxation including deferred tax |
19 |
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Net assets |
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Called up share capital |
22 |
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Profit and loss account |
23 |
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Shareholders funds |
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Director |
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Company Statement of Financial Position |
2024 |
2023 |
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Note |
£ |
£ |
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Tangible assets |
13 |
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Investments |
14 |
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Debtors |
15 |
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Cash at bank and in hand |
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------------- |
------------- |
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Creditors: amounts falling due within one year |
16 |
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Net current assets |
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------------- |
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Total assets less current liabilities |
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Taxation including deferred tax |
19 |
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------------- |
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Net assets |
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------------- |
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Called up share capital |
22 |
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Profit and loss account |
23 |
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------------- |
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Shareholders 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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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 (income)/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 paid |
(
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(
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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 investing activities |
(
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(
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------------- |
------------- |
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Proceeds from borrowings |
(
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Payments of finance lease liabilities |
|
– |
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 (decrease)/increase in cash and cash equivalents |
(
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Cash and cash equivalents at beginning of year |
4,143,849 |
3,750,775 |
------------- |
------------- |
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Cash and cash equivalents at end of year |
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------------- |
------------- |
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Notes to the Financial Statements |
Freehold Property |
- |
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Plant & Machinery |
- |
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Motor Vehicles |
- |
25% Reducing balance or straight line |
|
Equipment |
- |
|
|
2024 |
2023 |
|
£ |
£ |
|
Construction contracts |
|
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Rent Income |
|
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--------------- |
--------------- |
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--------------- |
--------------- |
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2024 |
2023 |
|
£ |
£ |
|
Depreciation of tangible assets |
|
|
Gains on disposal of tangible assets |
(
|
(
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Impairment of trade debtors |
33,627 |
24,742 |
Operating lease costs |
|
|
---------- |
---------- |
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2024 |
2023 |
|
£ |
£ |
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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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Management staff |
18 |
17 |
---- |
---- |
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---- |
---- |
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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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--------------- |
--------------- |
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--------------- |
--------------- |
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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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---------- |
---------- |
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2024 |
2023 |
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No. |
No. |
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Defined contribution plans |
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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 |
|
|
---------- |
--------- |
|
2024 |
2023 |
|
£ |
£ |
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Interest on obligations under finance leases and hire purchase contracts |
|
– |
Other interest payable and similar charges |
|
|
--------- |
--------- |
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--------- |
--------- |
|
2024 |
2023 |
|
£ |
£ |
|
UK current tax expense |
|
|
Adjustments in respect of prior periods |
(
|
|
--------- |
---------- |
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Total current tax |
|
|
--------- |
---------- |
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Origination and reversal of timing differences |
|
|
---------- |
---------- |
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Tax on profit |
|
|
---------- |
---------- |
|
2024 |
2023 |
|
£ |
£ |
|
Profit on ordinary activities before taxation |
|
|
------------- |
------------- |
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Profit on ordinary activities by rate of tax |
|
|
Adjustment to tax charge in respect of prior periods |
(178) |
(9,277) |
Effect of expenses not deductible for tax purposes |
(
|
(
|
Effect of capital allowances and depreciation |
(
|
|
Effect of different UK tax rates on some earnings |
– |
13,486 |
Utilisation of tax losses |
(
|
– |
------------- |
------------- |
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Tax on profit |
|
|
------------- |
------------- |
|
2024 |
2023 |
|
£ |
£ |
|
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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Group |
Freehold property |
Plant and machinery |
Motor vehicles |
Equipment |
Investment property |
Total |
£ |
£ |
£ |
£ |
£ |
£ |
|
Cost |
||||||
At 1 Sep 2023 |
|
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Additions |
– |
|
|
– |
– |
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Disposals |
– |
(
|
(
|
– |
– |
(
|
---------- |
------------- |
------------- |
---------- |
---------- |
------------- |
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At 31 Aug 2024 |
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---------- |
------------- |
------------- |
---------- |
---------- |
------------- |
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Depreciation |
||||||
At 1 Sep 2023 |
|
|
|
|
– |
|
Charge for the year |
|
|
|
– |
– |
|
Disposals |
– |
(
|
(
|
– |
– |
(
|
---------- |
------------- |
------------- |
---------- |
---------- |
------------- |
|
At 31 Aug 2024 |
|
|
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|
– |
|
---------- |
------------- |
------------- |
---------- |
---------- |
------------- |
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Carrying amount |
||||||
At 31 Aug 2024 |
|
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---------- |
------------- |
------------- |
---------- |
---------- |
------------- |
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At 31 Aug 2023 |
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---------- |
------------- |
------------- |
---------- |
---------- |
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Company |
Freehold property |
Plant and machinery |
Investment property |
Total |
£ |
£ |
£ |
£ |
|
Cost |
||||
At 1 September 2023 |
|
|
|
|
Additions |
– |
|
– |
|
Disposals |
– |
(
|
– |
(
|
---------- |
------------- |
---------- |
------------- |
|
At 31 August 2024 |
|
|
|
|
---------- |
------------- |
---------- |
------------- |
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Depreciation |
||||
At 1 September 2023 |
|
|
– |
|
Charge for the year |
|
|
– |
|
Disposals |
– |
(
|
– |
(
|
---------- |
------------- |
---------- |
------------- |
|
At 31 August 2024 |
|
|
– |
|
---------- |
------------- |
---------- |
------------- |
|
Carrying amount |
||||
At 31 August 2024 |
|
|
|
|
---------- |
------------- |
---------- |
------------- |
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At 31 August 2023 |
|
|
|
|
---------- |
------------- |
---------- |
------------- |
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Group and company |
Investment property |
£ |
|
At 31 August 2024 |
|
Aggregate cost |
649,544 |
Aggregate depreciation |
– |
---------- |
|
Carrying value |
|
---------- |
|
At 31 August 2023 |
|
Aggregate cost |
649,544 |
Aggregate depreciation |
(298,835) |
---------- |
|
Carrying value |
|
---------- |
|
Group |
Company |
|||
2024 |
2023 |
2024 |
2023 |
|
£ |
£ |
£ |
£ |
|
Contracted for but not provided for in the financial statements |
– |
|
– |
– |
---- |
---------- |
---- |
---- |
|
Company |
Shares in group undertakings |
£ |
|
Cost |
|
At 1 September 2023 and 31 August 2024 |
|
--------- |
|
Impairment |
|
At 1 September 2023 and 31 August 2024 |
– |
--------- |
|
Carrying amount |
|
At 1 September 2023 and 31 August 2024 |
|
--------- |
|
At 31 August 2023 |
|
--------- |
|
Class of share |
Percentage of shares held |
|
Subsidiary undertakings |
||
|
Ordinary |
100 |
Group |
Company |
|||
2024 |
2023 |
2024 |
2023 |
|
£ |
£ |
£ |
£ |
|
Trade debtors |
|
|
– |
– |
Amounts owed by group undertakings |
– |
– |
|
|
Prepayments and accrued income |
|
|
– |
|
Amounts recoverable on contracts |
|
|
– |
– |
Other debtors |
|
|
– |
|
------------- |
------------- |
---------- |
---------- |
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|
|
|
|
|
------------- |
------------- |
---------- |
---------- |
|
Group |
Company |
|||
2024 |
2023 |
2024 |
2023 |
|
£ |
£ |
£ |
£ |
|
Trade creditors |
|
|
– |
– |
Accruals and deferred income |
|
|
– |
– |
Corporation tax |
|
|
|
|
Social security and other taxes |
|
|
|
– |
Obligations under finance leases and hire purchase contracts |
|
– |
– |
– |
Director loan accounts |
|
|
|
|
Other creditors |
|
|
|
|
------------- |
------------- |
---------- |
---------- |
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|
|
|
|
|
------------- |
------------- |
---------- |
---------- |
|
Group |
Company |
|||
2024 |
2023 |
2024 |
2023 |
|
£ |
£ |
£ |
£ |
|
Obligations under finance leases and hire purchase contracts |
|
– |
– |
– |
---------- |
---- |
---- |
---- |
|
Group |
Company |
|||
2024 |
2023 |
2024 |
2023 |
|
£ |
£ |
£ |
£ |
|
Not later than 1 year |
|
– |
– |
– |
Later than 1 year and not later than 5 years |
|
– |
– |
– |
---------- |
---- |
---- |
---- |
|
|
– |
– |
– |
|
---------- |
---- |
---- |
---- |
|
Group |
Deferred tax (note 20) |
£ |
|
At 1 September 2023 |
|
Additions |
|
---------- |
|
At 31 August 2024 |
|
---------- |
|
Company |
Deferred tax (note 20) |
£ |
|
At 1 September 2023 |
|
Additions |
|
---------- |
|
At 31 August 2024 |
|
---------- |
|
Group |
Company |
|||
2024 |
2023 |
2024 |
2023 |
|
£ |
£ |
£ |
£ |
|
Included in provisions (note 19) |
|
|
|
|
---------- |
---------- |
---------- |
---------- |
|
Group |
Company |
|||
2024 |
2023 |
2024 |
2023 |
|
£ |
£ |
£ |
£ |
|
Accelerated capital allowances |
|
|
|
|
Revaluation of tangible assets |
|
– |
– |
– |
Fair value adjustment of investment property |
– |
|
– |
|
Pension plan obligations |
(
|
(
|
– |
– |
---------- |
---------- |
---------- |
---------- |
|
435,381 |
181,507 |
262,081 |
154,143 |
|
---------- |
---------- |
---------- |
---------- |
|
2024 |
2023 |
|||
No. |
£ |
No. |
£ |
|
|
|
5,327 |
|
5,327 |
|
|
2,763 |
|
2,763 |
|
|
2,060 |
|
2,060 |
--------- |
--------- |
--------- |
--------- |
|
|
10,150 |
|
10,150 |
|
--------- |
--------- |
--------- |
--------- |
|
At 1 Sep 2023 |
Cash flows |
At 31 Aug 2024 |
|
£ |
£ |
£ |
|
Cash at bank and in hand |
|
(404,793) |
|
Debt due within one year |
(347,206) |
(49,715) |
(396,921) |
Debt due after one year |
– |
(153,863) |
(153,863) |
------------- |
---------- |
------------- |
|
|
(
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|
|
------------- |
---------- |
------------- |
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|
Notes to the Financial Statements (continued) |
Group |
Company |
|||
2024 |
2023 |
2024 |
2023 |
|
£ |
£ |
£ |
£ |
|
Not later than 1 year |
|
|
– |
– |
Later than 1 year and not later than 5 years |
|
|
– |
– |
--------- |
---------- |
---- |
---- |
|
|
|
– |
– |
|
--------- |
---------- |
---- |
---- |
|
Group |
Company |
|||
2024 |
2023 |
2024 |
2023 |
|
£ |
£ |
£ |
£ |
|
Not later than 1 year |
|
|
|
|
Later than 1 year and not later than 5 years |
|
|
|
|
---------- |
---------- |
---------- |
---------- |
|
|
|
|
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|
---------- |
---------- |
---------- |
---------- |
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