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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 24 |
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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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Other operating income |
6 |
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Operating profit |
7 |
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Other interest receivable and similar income |
11 |
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Interest payable and similar expenses |
12 |
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Profit before taxation |
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Tax on profit |
13 |
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--------- |
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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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Intangible assets |
15 |
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Tangible assets |
16 |
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Investments |
17 |
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Stocks |
18 |
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Debtors |
19 |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
20 |
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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 |
21 |
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Taxation including deferred tax |
23 |
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Net assets |
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Called up share capital |
26 |
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Profit and loss account |
27 |
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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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---- |
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Total comprehensive income for the year |
– |
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Dividends paid and payable |
14 |
– |
(
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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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---- |
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Total comprehensive income for the year |
– |
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Dividends paid and payable |
14 |
– |
(
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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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---- |
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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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Amortisation of intangible 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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Loss/(gains) on disposal of tangible assets |
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(
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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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Trade and other debtors |
(
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(
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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 paid |
(
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(
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--------- |
--------- |
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Net cash from operating activities |
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--------- |
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Purchase of tangible assets |
(
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(
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Proceeds from sale of tangible assets |
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--------- |
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Net cash from/(used in) investing activities |
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(
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--------- |
--------- |
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Proceeds from borrowings |
(
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(
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Payments of finance lease liabilities |
(
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Dividends paid |
(
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(
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--------- |
------------ |
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Net cash used in financing activities |
(
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(
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--------- |
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Net decrease in cash and cash equivalents |
(
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(
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Cash and cash equivalents at beginning of year |
1,668,673 |
2,284,540 |
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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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------------ |
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2024 |
2023 |
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£ |
£ |
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Rental income |
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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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Depreciation of tangible assets |
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Loss/(gains) on disposal of tangible assets |
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(
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Impairment of trade debtors |
22,678 |
47,542 |
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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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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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-------- |
-------- |
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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 banks loans and overdrafts |
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Other interest payable and similar charges |
– |
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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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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 capital allowances and depreciation |
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Utilisation of tax losses |
(
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– |
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Effect on deferred tax |
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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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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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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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Amortisation |
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At 1 August 2023 |
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Charge for the year |
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At 31 July 2024 |
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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 |
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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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------------ |
--------- |
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At 31 July 2024 |
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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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------------ |
--------- |
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At 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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------------ |
--------- |
--------- |
------------ |
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At 31 July 2023 |
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------------ |
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Motor vehicles |
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£ |
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At 31 July 2024 |
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-------- |
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At 31 July 2023 |
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-------- |
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Shares in group undertakings |
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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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Impairment |
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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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------- |
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At 31 July 2023 |
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------- |
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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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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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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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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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Bank loans and overdrafts |
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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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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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-------- |
-------- |
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Deferred tax (note 24) |
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£ |
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At 1 August 2023 |
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Additions |
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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 23) |
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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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|
100 |
|
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 |
|
(301,507) |
|
|
Debt due within one year |
(608,324) |
455,261 |
(153,063) |
|
Debt due after one year |
(2,464,018) |
39,832 |
(2,424,186) |
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------------ |
--------- |
------------ |
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(
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(
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------------ |
--------- |
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NOTES TO THE FINANCIAL STATEMENTS (continued) |