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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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Statement of comprehensive income |
11 |
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Statement of financial position |
12 |
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Statement of changes in equity |
13 |
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Statement of cash flows |
14 |
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Notes to the financial statements |
15 to 23 |
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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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England |
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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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Chatham Customer Service Centre |
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Western Avenue |
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Waterside |
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Chatham Maritime |
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Kent |
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ME4 4RT |
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Solicitors |
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Valiant House |
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12 Knoll Road |
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Orpington |
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Kent |
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BR6 0PG |
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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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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 |
6 |
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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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STATEMENT OF FINANCIAL POSITION |
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2024 |
2023 |
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Note |
£ |
£ |
£ |
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Tangible assets |
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 liabilities |
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Total assets less current liabilities |
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Taxation including deferred tax |
18 |
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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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Shareholders funds |
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Director |
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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 August 2022 |
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Profit for the year |
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Total comprehensive income for the year |
– |
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Dividends paid and payable |
12 |
– |
(
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(
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---- |
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Total investments by and distributions to owners |
– |
(
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(
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At 31 July 2023 |
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Profit for the year |
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Total comprehensive income for the year |
– |
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Dividends paid and payable |
12 |
– |
(
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(
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---- |
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Total investments by and distributions to owners |
– |
(
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(
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At 31 July 2024 |
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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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Interest payable and similar expenses |
(
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(
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Gains on disposal of tangible assets |
– |
(
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Tax on profit |
(
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Accrued expenses/(income) |
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(
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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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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 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 |
204,147 |
635,726 |
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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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Goodwill |
- |
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Fixtures, fittings and equipment |
- |
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Motor vehicles |
- |
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2024 |
2023 |
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£ |
£ |
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Fees receivable |
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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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Impairment of trade debtors |
– |
4,270 |
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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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2024 |
2023 |
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No. |
No. |
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Administrative staff |
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Management staff |
15 |
15 |
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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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--------- |
--------- |
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2024 |
2023 |
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£ |
£ |
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Interest on debenture loans |
(
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(
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Interest on obligations under finance leases and hire purchase contracts |
– |
(
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Other interest payable and similar charges |
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------- |
------- |
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(
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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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Origination and reversal of timing differences |
(
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(
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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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Effect of expenses not deductible for tax purposes |
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Effect of capital allowances and depreciation |
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Effect on deferred tax |
(
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(
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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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Paid during the year |
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--------- |
--------- |
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Goodwill |
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£ |
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Cost |
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At 1 August 2023 and 31 July 2024 |
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--------- |
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Amortisation |
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At 1 August 2023 and 31 July 2024 |
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--------- |
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Carrying amount |
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At 31 July 2024 |
– |
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At 31 July 2023 |
– |
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Land and buildings |
Fixtures and fittings |
Motor vehicles |
Total |
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£ |
£ |
£ |
£ |
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Cost/Valuation |
||||
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At 1 August 2023 |
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Additions |
– |
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Disposals |
– |
(
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– |
(
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------------ |
--------- |
-------- |
------------- |
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At 31 July 2024 |
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------------ |
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-------- |
------------- |
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Depreciation |
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At 1 August 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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At 31 July 2024 |
– |
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------------ |
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-------- |
------------- |
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Carrying amount |
||||
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At 31 July 2024 |
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------------ |
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-------- |
------------- |
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At 31 July 2023 |
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------------- |
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Freehold property |
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£ |
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At 31 July 2024 |
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Aggregate cost |
4,014,449 |
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Aggregate depreciation |
– |
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------------ |
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Carrying value |
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------------ |
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At 31 July 2023 |
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Aggregate cost |
4,014,449 |
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Aggregate depreciation |
– |
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------------ |
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Carrying value |
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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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------- |
-------- |
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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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--------- |
--------- |
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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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Director loan accounts |
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Other creditors |
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------------ |
------------ |
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------------ |
------------ |
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Deferred tax (note 19) |
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£ |
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At 1 August 2023 |
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Additions |
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Charge against provision |
(
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------------ |
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At 31 July 2024 |
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------------ |
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2024 |
2023 |
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£ |
£ |
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Included in provisions (note 18) |
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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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Revaluation of freehold property |
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------------ |
------------ |
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1,026,236 |
1,308,885 |
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------------ |
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2024 |
2023 |
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No. |
£ |
No. |
£ |
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100 |
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100 |
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---- |
---- |
---- |
---- |
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At 1 Aug 2023 |
Cash flows |
At 31 Jul 2024 |
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£ |
£ |
£ |
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Cash at bank and in hand |
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229,637 |
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Debt due within one year |
(39) |
– |
(39) |
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--------- |
--------- |
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NOTES TO THE FINANCIAL STATEMENTS (continued) |