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For the year ended |
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Financial Statements |
Contents |
Page |
Officers and professional advisers |
1 |
Directors' report |
2 |
Directors' responsibilities statement |
4 |
Independent auditor's report to the member |
5 |
Statement of income and retained earnings |
10 |
Statement of financial position |
11 |
Notes to the financial statements |
12 |
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Officers and Professional Advisers |
The board of directors |
J P Golledge (Resigned 10 January 2024)
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G Mitchell (Resigned 9 April 2024)
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M G Negus (Resigned 8 January 2024)
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J Drake (Appointed 8 January 2024)
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P Duffill (Appointed 8 May 2024)
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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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Directors' Report |
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(Appointed
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(Appointed
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(Resigned
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(Resigned
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(Resigned
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J Drake
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Director |
Registered office: |
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Directors' Responsibilities Statement |
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Independent Auditor's Report to the Member 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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Statement of Income and Retained Earnings |
2024 |
2023 |
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(restated) |
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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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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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– |
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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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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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(restated) |
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Note |
£ |
£ |
£ |
Tangible assets |
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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Provisions |
17 |
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Net assets |
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Called up share capital |
21 |
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Profit and loss account |
22 |
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Shareholder funds |
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J Drake
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Director |
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Notes to the Financial Statements |
Website |
- |
20
% straight line |
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Leasehold improvements |
- |
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Plant and machinery |
- |
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Equipment |
- |
25
% straight line |
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2024 |
2023 |
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(restated) |
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£ |
£ |
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Sale of goods |
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2024 |
2023 |
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(restated) |
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£ |
£ |
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United Kingdom |
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Europe |
754,906 |
2,708,401 |
Rest of the world |
3,789,694 |
3,077,435 |
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2024 |
2023 |
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(restated) |
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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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Impairment of trade debtors |
– |
346 |
Foreign exchange differences |
(
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(
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Operating lease costs |
68,131 |
67,678 |
--------- |
--------- |
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2024 |
2023 |
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(restated) |
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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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---- |
---- |
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---- |
---- |
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2024 |
2023 |
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(restated) |
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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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(restated) |
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£ |
£ |
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Remuneration |
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--------- |
--------- |
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2024 |
2023 |
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(restated) |
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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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(restated) |
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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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(restated) |
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£ |
£ |
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Other interest payable and similar charges |
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– |
--------- |
---- |
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2024 |
2023 |
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(restated) |
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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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– |
--------- |
---------- |
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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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Tax on profit |
(
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--------- |
---------- |
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2024 |
2023 |
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(restated) |
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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 |
(15,232) |
– |
Effect of capital allowances and depreciation |
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– |
Utilisation of tax losses |
(
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– |
Other adjustments |
208 |
22,659 |
Transfer pricing adjustments |
(45,475) |
– |
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Tax on profit |
(
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Website |
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£ |
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Cost |
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At 1 August 2023 (as restated) and 30 July 2024 |
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Amortisation |
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At 1 August 2023 and 30 July 2024 |
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Carrying amount |
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At 30 July 2024 |
– |
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At 31 July 2023 |
– |
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Short leasehold property |
Plant and machinery |
Equipment |
Total |
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£ |
£ |
£ |
£ |
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Cost |
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At 1 August 2023 (as restated) |
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62,876 |
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Additions |
– |
– |
16,933 |
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At 30 July 2024 |
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79,809 |
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Depreciation |
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At 1 August 2023 |
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56,265 |
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Charge for the year |
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5,397 |
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At 30 July 2024 |
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61,662 |
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Carrying amount |
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At 30 July 2024 |
– |
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18,147 |
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At 31 July 2023 |
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6,611 |
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2024 |
2023 |
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(restated) |
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£ |
£ |
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Finished goods and goods for resale |
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---------- |
---------- |
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2024 |
2023 |
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(restated) |
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£ |
£ |
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Trade debtors |
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Amounts owed by group undertakings |
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Prepayments and accrued income |
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Corporation tax repayable |
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– |
------------- |
------------- |
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------------- |
------------- |
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2024 |
2023 |
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(restated) |
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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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------------- |
------------- |
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Deferred tax (note 18) |
Dilapidation provision |
Total |
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£ |
£ |
£ |
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At 1 August 2023 (as restated) |
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83,300 |
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Charge against provision |
(
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– |
(
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--------- |
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At 30 July 2024 |
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83,300 |
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--------- |
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2024 |
2023 |
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(restated) |
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£ |
£ |
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Included in provisions (note 17) |
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--------- |
--------- |
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2024 |
2023 |
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(restated) |
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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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10,629 |
14,344 |
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--------- |
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2024 |
2023 |
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(restated) |
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No. |
£ |
No. |
£ |
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90,000 |
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90,000 |
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2024 |
2023 |
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(restated) |
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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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