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FINANCIAL STATEMENTS |
CONTENTS |
PAGES |
Officers and professional advisers |
1 |
Strategic report |
2 to 3 |
Directors' report |
4 to 5 |
Independent auditor's report to the members |
6 to 9 |
Statement of income and retained earnings |
10 |
Statement of financial position |
11 |
Statement of cash flows |
12 |
Notes to the financial statements |
13 to 20 |
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OFFICERS AND PROFESSIONAL ADVISERS |
THE BOARD OF DIRECTORS |
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COMPANY SECRETARY |
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REGISTERED OFFICE |
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AUDITOR |
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Chartered Accountants & Statutory Auditor |
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Headlands House |
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1 Kings Court |
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Kettering Parkway |
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Kettering |
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NN15 6WJ |
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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 |
Headlands House |
1 Kings Court |
Kettering Parkway |
Kettering |
NN15 6WJ |
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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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GROSS PROFIT |
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Distribution costs |
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Administrative expenses |
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Other operating income |
5 |
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OPERATING PROFIT |
6 |
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Other interest receivable and similar income |
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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– |
RETAINED EARNINGS AT THE START OF THE YEAR |
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RETAINED EARNINGS AT THE END OF THE YEAR |
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STATEMENT OF FINANCIAL POSITION |
2024 |
2023 |
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Note |
£ |
£ |
£ |
£ |
Tangible assets |
13 |
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Investments |
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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PROVISIONS |
18 |
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NET ASSETS |
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Called up share capital fully paid |
21 |
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Profit and loss account |
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SHAREHOLDERS FUNDS |
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Director |
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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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Other interest receivable and similar income |
(
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(
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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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Stocks |
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Trade and other debtors |
(
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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 received |
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Tax paid |
(
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(
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Net cash from/(used in) 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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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 |
3,241,864 |
4,063,826 |
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CASH AND CASH EQUIVALENTS AT END OF YEAR |
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NOTES TO THE FINANCIAL STATEMENTS |
Freehold property |
- |
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Plant and machinery |
- |
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Fixtures and fittings |
- |
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Motor vehicles |
- |
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2024 |
2023 |
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£ |
£ |
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Sale of goods |
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2024 |
2023 |
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£ |
£ |
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Other operating income |
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-------- |
------- |
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2024 |
2023 |
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£ |
£ |
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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 |
37,966 |
9,827 |
Operating lease rentals |
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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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2024 |
2023 |
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No. |
No. |
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Production staff |
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Distribution 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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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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– |
Interest on bank deposits |
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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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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 |
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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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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 |
– |
4,143 |
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Tax on profit |
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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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Freehold property |
Plant and machinery |
Fixtures and fittings |
Motor vehicles |
Total |
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£ |
£ |
£ |
£ |
£ |
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Cost |
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At 1 December 2023 |
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Additions |
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– |
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Disposals |
– |
– |
– |
(
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(
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At 30 November 2024 |
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Depreciation |
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At 1 December 2023 |
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Charge for the year |
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Disposals |
– |
– |
– |
(
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(
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At 30 November 2024 |
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Carrying amount |
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At 30 November 2024 |
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At 30 November 2023 |
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Freehold investment land |
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£ |
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Cost |
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At 1 December 2023 and 30 November 2024 |
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Impairment |
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At 1 December 2023 and 30 November 2024 |
– |
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Carrying amount |
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At 30 November 2024 |
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At 30 November 2023 |
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2024 |
2023 |
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£ |
£ |
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Raw materials and consumables |
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Finished goods and goods for resale |
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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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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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Deferred tax (note 19) |
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£ |
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At 1 December 2023 |
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Additions |
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At 30 November 2024 |
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2024 |
2023 |
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£ |
£ |
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Included in provisions (note 18) |
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2024 |
2023 |
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£ |
£ |
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Accelerated capital allowances |
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Pension plan obligations |
(
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(
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--------- |
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183,682 |
176,775 |
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2024 |
2023 |
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No. |
£ |
No. |
£ |
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90 |
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90 |
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10 |
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10 |
---- |
---- |
---- |
---- |
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At 1 Dec 2023 |
Cash flows |
At 30 Nov 2024 |
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£ |
£ |
£ |
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Cash at bank and in hand |
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413,793 |
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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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------- |
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