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For the year ended |
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Financial Statements |
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Contents |
Page |
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Officers and professional advisers |
1 |
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Strategic report |
2 |
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Directors' report |
4 |
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Independent auditor's report to the members |
6 |
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Statement of income and retained earnings |
11 |
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Statement of financial position |
12 |
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Statement of cash flows |
13 |
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Notes to the financial statements |
14 |
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Officers and Professional Advisers |
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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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Windsor House |
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A1 Business Park at |
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Long Bennington |
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Notts |
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NG23 5JR |
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Bankers |
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27-28 St Peters Hill |
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Grantham |
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Lincs |
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NG31 6QG |
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Strategic Report |
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Director |
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Registered office: |
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Directors' Report |
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Director |
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Registered office: |
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Independent Auditor's Report to the Members of
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(Senior Statutory Auditor) |
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For and on behalf of |
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Chartered Accountants & statutory auditor |
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Windsor House |
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A1 Business Park at |
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Long Bennington |
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Notts |
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NG23 5JR |
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Statement of Income and Retained Earnings |
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2024 |
2023 |
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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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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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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 |
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2024 |
2023 |
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Note |
£ |
£ |
£ |
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Tangible assets |
13 |
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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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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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Statement of Cash Flows |
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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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463,816
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Accrued 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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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 received/(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 investing activities |
(
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(
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Proceeds from borrowings |
(
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Payments of finance lease liabilities |
(
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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 in cash and cash equivalents |
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Cash and cash equivalents at beginning of year |
2,342,366 |
(66,860) |
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Cash and cash equivalents at end of year |
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Notes to the Financial Statements |
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Land and buildings |
- |
10% Straight Line |
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Other fixed assets |
- |
20% Straight Line |
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Plant & Machinery |
- |
10% - 20% Straight Line |
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Motor Vehicles |
- |
20% Straight Line |
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Equipment |
- |
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2024 |
2023 |
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£ |
£ |
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Sale of goods |
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--------------- |
--------------- |
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2024 |
2023 |
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£ |
£ |
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United Kingdom |
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Overseas |
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--------------- |
--------------- |
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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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---------- |
---------- |
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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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Distribution 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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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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------------- |
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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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---- |
---- |
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2024 |
2023 |
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£ |
£ |
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Aggregate remuneration |
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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 obligations under finance leases and hire purchase contracts |
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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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– |
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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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463,816
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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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– |
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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 claim |
(
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(
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------------- |
------------- |
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Tax on profit |
(
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463,834
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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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Land and buildings |
Plant and machinery |
Motor vehicles |
Equipment |
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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Disposals |
– |
(
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(
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– |
(
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------------- |
------------- |
---------- |
--------- |
------------- |
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At 30 November 2024 |
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---------- |
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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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– |
(
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------------- |
------------- |
---------- |
--------- |
------------- |
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At 30 November 2024 |
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------------- |
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---------- |
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Carrying amount |
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At 30 November 2024 |
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------------- |
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---------- |
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At 30 November 2023 |
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------------- |
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---------- |
--------- |
------------- |
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2024 |
2023 |
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£ |
£ |
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Contracted for but not provided for in the financial statements |
– |
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---- |
---------- |
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Other investments other than loans |
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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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---------- |
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Impairment |
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At 1 December 2023 and 30 November 2024 |
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---------- |
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Carrying amount |
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At 30 November 2024 |
– |
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---------- |
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At 30 November 2023 |
– |
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---------- |
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2024 |
2023 |
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£ |
£ |
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Raw materials and consumables |
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Work in progress |
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Finished goods and goods for resale |
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------------- |
------------- |
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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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Directors loan account |
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– |
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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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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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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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Other creditors |
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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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Less: future finance charges |
– |
(
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---- |
---------- |
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Present value of minimum lease payments |
– |
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---- |
---------- |
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Deferred tax (note 20) |
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£ |
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At 1 December 2023 |
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Additions |
(
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---------- |
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At 30 November 2024 |
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---------- |
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2024 |
2023 |
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£ |
£ |
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Included in provisions (note 19) |
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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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2,400 |
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2,400 |
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------- |
------- |
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------- |
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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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769,045 |
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Debt due within one year |
(286,672) |
286,672 |
– |
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------------- |
------------- |
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Notes to the Financial Statements (continued) |