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FINANCIAL STATEMENTS |
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Contents |
Pages |
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Officers and professional advisers |
1 |
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Strategic report |
2 to 3 |
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Directors' report |
4 to 5 |
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Independent auditor's report to the members |
6 to 10 |
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Consolidated statement of comprehensive income |
11 |
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Consolidated statement of financial position |
12 |
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Company statement of financial position |
13 |
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Consolidated statement of changes in equity |
14 |
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Company statement of changes in equity |
15 |
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Consolidated statement of cash flows |
16 |
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Notes to the financial statements |
17 to 26 |
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OFFICERS AND PROFESSIONAL ADVISERS |
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The board of directors |
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Registered office |
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Auditor |
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Chartered Certified Accountants & statutory auditor |
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Numeric House |
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98 Station Road |
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Sidcup |
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Kent |
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DA15 7BY |
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Bankers |
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Leicester |
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Leicestershire |
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LE87 2BB |
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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) |
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For and on behalf of |
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Chartered Certified Accountants & statutory auditor |
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Numeric House |
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98 Station Road |
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Sidcup |
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Kent |
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DA15 7BY |
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CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME |
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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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Gross profit |
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Administrative expenses |
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Operating profit |
5 |
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Other interest receivable and similar income |
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– |
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Interest payable and similar expenses |
9 |
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Profit before taxation |
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Tax on profit |
10 |
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Profit for the financial year and total comprehensive income |
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CONSOLIDATED STATEMENT OF FINANCIAL POSITION |
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2024 |
2023 |
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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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Creditors: amounts falling due after more than one year |
17 |
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Taxation including deferred tax |
19 |
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– |
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Net assets |
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Called up share capital |
22 |
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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 |
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2024 |
2023 |
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Note |
£ |
£ |
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Tangible assets |
12 |
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– |
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Investments |
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 liabilities |
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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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Net assets |
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Called up share capital |
22 |
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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 CHANGES IN EQUITY |
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Called up share capital |
Profit and loss account |
Total |
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£ |
£ |
£ |
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At 1 April 2022 |
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Profit for the year |
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Total comprehensive income for the year |
– |
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At 31 March 2023 |
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1,351,186
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1,474,315
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Profit for the year |
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Total comprehensive income for the year |
– |
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At 31 March 2024 |
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COMPANY STATEMENT OF CHANGES IN EQUITY |
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Called up share capital |
Profit and loss account |
Total |
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£ |
£ |
£ |
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At 1 April 2022 |
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– |
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Profit for the year |
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Total comprehensive income for the year |
– |
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At 31 March 2023 |
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Profit for the year |
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Total comprehensive income for the year |
– |
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At 31 March 2024 |
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CONSOLIDATED 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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Tax on profit |
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Accrued expenses |
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Changes in: |
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Stocks |
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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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--------- |
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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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– |
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Tax 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 from investing activities |
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Payments of finance lease liabilities |
(
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Net cash (used in)/from financing activities |
(
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Net increase in cash and cash equivalents |
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Cash and cash equivalents at beginning of year |
2,949,454 |
2,532,117 |
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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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Negative Goodwill |
- |
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Freehold Property |
- |
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Motor vehicles |
- |
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2024 |
2023 |
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£ |
£ |
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Rendering of services |
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------------- |
------------- |
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2024 |
2023 |
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£ |
£ |
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Amortisation of intangible assets |
(
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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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Impairment of trade debtors |
4,300 |
22,588 |
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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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-------- |
---- |
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2024 |
2023 |
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No. |
No. |
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Production 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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------------- |
------------ |
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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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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 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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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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2024 |
2023 |
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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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– |
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Effect of capital allowances and depreciation |
(
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Effect of revenue exempt from tax |
– |
(
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Effect of deferred tax movements in the year |
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(
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------------ |
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Tax on profit |
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Group |
Negative Goodwill |
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£ |
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Cost |
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At 1 April 2023 |
(
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Acquisitions through business combinations |
(
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--------- |
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At 31 March 2024 |
(
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--------- |
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Amortisation |
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At 1 April 2023 |
(
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Charge for the year |
(
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--------- |
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At 31 March 2024 |
(
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--------- |
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Carrying amount |
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At 31 March 2024 |
– |
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At 31 March 2023 |
– |
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Group |
Land and buildings |
Motor vehicles |
Total |
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£ |
£ |
£ |
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Cost |
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At 1 April 2023 |
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– |
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Additions |
(
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(
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Transfers |
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– |
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--------- |
------- |
--------- |
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At 31 March 2024 |
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--------- |
------- |
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Depreciation |
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At 1 April 2023 |
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– |
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Charge for the year |
– |
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--------- |
------- |
--------- |
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At 31 March 2024 |
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--------- |
------- |
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Carrying amount |
|||
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At 31 March 2024 |
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--------- |
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At 31 March 2023 |
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– |
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Company |
Land and buildings |
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£ |
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Cost |
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At 1 April 2023 |
– |
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Transfers |
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--------- |
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At 31 March 2024 |
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--------- |
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Depreciation |
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At 1 April 2023 and 31 March 2024 |
– |
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--------- |
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Carrying amount |
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At 31 March 2024 |
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--------- |
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At 31 March 2023 |
– |
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Company |
Shares in group undertakings |
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£ |
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Cost |
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At 1 April 2023 and 31 March 2024 |
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Impairment |
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At 1 April 2023 and 31 March 2024 |
– |
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Carrying amount |
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At 1 April 2023 and 31 March 2024 |
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At 31 March 2023 |
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Class of share |
Percentage of shares held |
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Subsidiary undertakings |
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Ordinary |
100 |
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Group |
Company |
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2024 |
2023 |
2024 |
2023 |
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£ |
£ |
£ |
£ |
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Raw materials and consumables |
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– |
– |
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-------- |
-------- |
---- |
---- |
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Group |
Company |
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2024 |
2023 |
2024 |
2023 |
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£ |
£ |
£ |
£ |
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Trade debtors |
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– |
– |
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Amounts owed by group undertakings |
– |
– |
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Prepayments and accrued income |
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– |
– |
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------------ |
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Group |
Company |
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2024 |
2023 |
2024 |
2023 |
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£ |
£ |
£ |
£ |
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Trade creditors |
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– |
– |
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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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Obligations under finance leases and hire purchase contracts |
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– |
– |
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Other creditors |
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------------ |
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Group |
Company |
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2024 |
2023 |
2024 |
2023 |
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£ |
£ |
£ |
£ |
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Obligations under finance leases and hire purchase contracts |
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– |
– |
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Other creditors |
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--------- |
--------- |
--------- |
--------- |
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--------- |
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Group |
Company |
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2024 |
2023 |
2024 |
2023 |
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£ |
£ |
£ |
£ |
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Not later than 1 year |
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– |
– |
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Later than 1 year and not later than 5 years |
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– |
– |
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-------- |
-------- |
---- |
---- |
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– |
– |
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-------- |
-------- |
---- |
---- |
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Group |
Deferred tax (note 20) |
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£ |
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At 1 April 2023 |
– |
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Additions |
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------- |
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At 31 March 2024 |
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------- |
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Group |
Company |
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2024 |
2023 |
2024 |
2023 |
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£ |
£ |
£ |
£ |
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Included in provisions (note 19) |
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– |
– |
– |
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------- |
---- |
---- |
---- |
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Group |
Company |
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2024 |
2023 |
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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123,129 |
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123,129 |
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--------- |
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At 1 Apr 2023 |
Cash flows |
At 31 Mar 2024 |
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|
£ |
£ |
£ |
|
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Cash at bank and in hand |
|
631,074 |
|
|
Debt due within one year |
(9,294) |
(1,091) |
(10,385) |
|
Debt due after one year |
(22,848) |
10,385 |
(12,463) |
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------------ |
--------- |
------------ |
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------------ |
--------- |
------------ |
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