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Financial Statements |
Contents |
Page |
Strategic report |
1 |
Directors' report |
2 |
Independent auditor's report to the members |
4 |
Consolidated statement of income and retained earnings |
8 |
Company statement of income and retained earnings |
9 |
Consolidated statement of financial position |
10 |
Company statement of financial position |
11 |
Consolidated statement of cash flows |
12 |
Notes to the financial statements |
13 |
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Strategic Report |
2025 | 2024 | ||
£ | £ | ||
Gross profit as percentage of sales | 22 | 31 | |
Operating profit as a percentage of sales | 15 | 26 | |
2025 | 2024 | ||
£ | £ | ||
Profit before taxation | 1,406,350 | 1,419,693 | |
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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 |
Lyndhurst |
1-3 Cranmer Street |
Long Eaton |
Nottingham |
NG10 1NJ |
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Consolidated Statement of Income and Retained Earnings |
2025 |
2024 |
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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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Other operating income |
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Operating profit |
5 |
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Other interest receivable and similar income |
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Interest payable and similar expenses |
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Profit before taxation |
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Tax on profit |
9 |
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Profit for the financial year and total comprehensive income |
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Dividends paid and payable |
10 |
(
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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 |
2025 |
2024 |
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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 |
10 |
(
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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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Consolidated Statement of Financial Position |
2025 |
2024 |
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Note |
£ |
£ |
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Tangible assets |
12 |
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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 |
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Total assets less current liabilities |
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Net assets |
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Called up share capital |
20 |
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Profit and loss account |
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Shareholders funds |
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Director |
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Company Statement of Financial Position |
2025 |
2024 |
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Note |
£ |
£ |
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Tangible assets |
12 |
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Investments |
13 |
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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 |
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Total assets less current liabilities |
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Net assets |
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Called up share capital |
20 |
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Profit and loss account |
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Shareholders funds |
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Director |
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Consolidated Statement of Cash Flows |
2025 |
2024 |
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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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Loss on disposal of tangible assets |
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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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(
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Trade and other debtors |
(
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(
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Trade and other creditors |
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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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Net cash used in investing activities |
(
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(
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Dividends paid |
(
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(
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Net cash used in financing activities |
(
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(
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Net increase/(decrease) in cash and cash equivalents |
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(
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Cash and cash equivalents at beginning of year |
8,484,931 |
8,855,282 |
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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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2025 |
2024 |
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£ |
£ |
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Construction contracts |
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Rent received |
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Sale of new build properties |
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2025 |
2024 |
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£ |
£ |
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Depreciation of tangible assets |
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Loss on disposal of tangible assets |
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--------- |
-------- |
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2025 |
2024 |
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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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2025 |
2024 |
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No. |
No. |
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Production staff |
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Administrative staff |
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Management staff |
4 |
4 |
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---- |
---- |
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---- |
---- |
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2025 |
2024 |
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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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2025 |
2024 |
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£ |
£ |
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Remuneration |
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--------- |
-------- |
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2025 |
2024 |
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£ |
£ |
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UK current tax expense |
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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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--------- |
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Tax on profit |
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--------- |
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2025 |
2024 |
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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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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 |
(729) |
(13,946) |
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Tax on profit |
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2025 |
2024 |
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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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Group |
Goodwill |
£ |
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Cost |
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At 1 February 2024 and 31 January 2025 |
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Amortisation |
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At 1 February 2024 and 31 January 2025 |
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Carrying amount |
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At 1 February 2024 and 31 January 2025 |
– |
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At 31 January 2024 |
– |
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Group |
Freehold property |
Plant and machinery |
Fixtures and fittings |
Motor vehicles |
Total |
£ |
£ |
£ |
£ |
£ |
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Cost |
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At 1 February 2024 |
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Additions |
– |
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– |
– |
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Disposals |
– |
– |
(
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(
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(
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------------ |
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-------- |
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At 31 January 2025 |
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-------- |
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Depreciation |
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At 1 February 2024 |
– |
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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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-------- |
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At 31 January 2025 |
– |
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------------ |
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-------- |
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Carrying amount |
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At 31 January 2025 |
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------------ |
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-------- |
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At 31 January 2024 |
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Company |
Freehold property |
£ |
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Cost |
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At 1 February 2024 and 31 January 2025 |
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Depreciation |
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At 1 February 2024 and 31 January 2025 |
– |
------------ |
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Carrying amount |
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At 31 January 2025 |
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At 31 January 2024 |
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Company |
Shares in group undertakings |
£ |
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Cost |
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At 1 February 2024 and 31 January 2025 |
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---- |
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Impairment |
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At 1 February 2024 and 31 January 2025 |
– |
---- |
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Carrying amount |
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At 1 February 2024 and 31 January 2025 |
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At 31 January 2024 |
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Registered office |
Class of share |
Percentage of shares held |
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Subsidiary undertakings |
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Gladstone House |
Ordinary |
100 |
373 Haydn Road |
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Sherwood |
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Nottingham |
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NG5 1DZ |
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Gladstone House |
Ordinary |
100 |
373 Haydn Road |
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Sherwood |
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Nottingham |
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NG5 1DZ |
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Group |
Company |
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2025 |
2024 |
2025 |
2024 |
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£ |
£ |
£ |
£ |
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Raw materials and consumables |
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– |
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– |
Work in progress |
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– |
– |
Land for development |
– |
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– |
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------------ |
------------ |
--------- |
--------- |
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------------ |
------------ |
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Group |
Company |
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2025 |
2024 |
2025 |
2024 |
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£ |
£ |
£ |
£ |
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Trade debtors |
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– |
– |
Amounts owed by group undertakings |
– |
– |
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Amounts owed by customers on construction contracts |
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– |
– |
Deferred tax asset |
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– |
– |
Prepayments and accrued income |
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Directors loan account |
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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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2025 |
2024 |
2025 |
2024 |
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£ |
£ |
£ |
£ |
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Trade debtors |
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– |
– |
Deferred tax asset |
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– |
– |
--------- |
--------- |
---- |
---- |
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– |
– |
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--------- |
--------- |
---- |
---- |
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Group |
Company |
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2025 |
2024 |
2025 |
2024 |
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£ |
£ |
£ |
£ |
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Trade creditors |
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Amounts owed to group undertakings |
– |
– |
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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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Director loan accounts |
– |
– |
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Other creditors |
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------------ |
------------ |
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-------- |
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------------ |
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-------- |
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Group |
Company |
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2025 |
2024 |
2025 |
2024 |
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£ |
£ |
£ |
£ |
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Included in debtors (note 15) |
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– |
– |
--------- |
-------- |
---- |
---- |
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Group |
Company |
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2025 |
2024 |
2025 |
2024 |
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£ |
£ |
£ |
£ |
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Capital allowances still to claim |
(
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(
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– |
– |
--------- |
-------- |
---- |
---- |
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2025 |
2024 |
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No. |
£ |
No. |
£ |
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3 |
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3 |
---- |
---- |
---- |
---- |
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At 1 Feb 2024 |
Cash flows |
At 31 Jan 2025 |
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£ |
£ |
£ |
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Cash at bank and in hand |
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2,251,756 |
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------------ |
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Notes to the Financial Statements (continued) |
2025 |
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Balance brought forward |
Advances/ (credits) to the directors |
Amounts repaid |
Balance outstanding |
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£ |
£ |
£ |
£ |
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(
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(
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(
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--------- |
--------- |
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(
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--------- |
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2024 |
|||||
Balance brought forward |
Advances/ (credits) to the directors |
Amounts repaid |
Balance outstanding |
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£ |
£ |
£ |
£ |
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(
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(
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– |
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(
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--------- |
--------- |
--------- |
--------- |
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(
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--------- |
--------- |
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