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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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No 1 Pavilion Square |
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Cricketers Way |
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Westhoughton |
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Bolton |
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BL5 3AJ |
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Bankers |
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45 Market Street |
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Hindley |
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Wigan |
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WN2 3AE |
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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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No 1 Pavilion Square |
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Cricketers Way |
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Westhoughton |
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Bolton |
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BL5 3AJ |
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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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Gross profit |
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Administrative expenses |
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Other operating income |
5 |
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Operating profit |
6 |
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Other interest receivable and similar income |
10 |
– |
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Interest payable and similar expenses |
11 |
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Profit before taxation |
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Tax on profit |
12 |
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--------- |
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Profit for the financial year and total comprehensive income |
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Dividends paid and payable |
13 |
(
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(
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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 |
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 assets |
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Total assets less current liabilities |
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Creditors: amounts falling due after more than one year |
18 |
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Taxation including deferred tax |
20 |
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Net assets |
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Called up share capital |
23 |
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Profit and loss account |
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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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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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Accrued (income)/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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Cash generated from operations |
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Interest paid |
(
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(
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Interest received |
– |
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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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(
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Payments of finance lease liabilities |
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Dividends paid |
(
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(
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Net cash (used in)/from financing activities |
(
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Net (decrease)/increase in cash and cash equivalents |
(
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Cash and cash equivalents at beginning of year |
586,581 |
370,747 |
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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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Long leasehold property |
- |
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Plant and machinery |
- |
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Motor vehicles |
- |
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2024 |
2023 |
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£ |
£ |
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Sale of goods |
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Rendering of services |
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2024 |
2023 |
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£ |
£ |
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Other operating income |
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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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2024 |
2023 |
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No. |
No. |
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Production staff |
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Administrative staff |
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Management staff |
5 |
5 |
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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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£ |
£ |
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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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Interest on obligations under finance leases and hire purchase contracts |
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--------- |
--------- |
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--------- |
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2024 |
2023 |
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£ |
£ |
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Origination and reversal of timing differences |
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--------- |
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Tax on profit |
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--------- |
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2024 |
2023 |
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£ |
£ |
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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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(
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Utilisation of tax losses |
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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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A Ordinary shares |
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B Ordinary shares |
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C Ordinary shares |
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D Ordinary shares |
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E Ordinary shares |
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--------- |
--------- |
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Land and buildings |
Plant and machinery |
Motor vehicles |
Total |
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£ |
£ |
£ |
£ |
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Cost |
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At 1 September 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 August 2024 |
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------------ |
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Depreciation |
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At 1 September 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 August 2024 |
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------------ |
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Carrying amount |
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At 31 August 2024 |
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------------ |
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------------- |
------------- |
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At 31 August 2023 |
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Motor vehicles |
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£ |
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At 31 August 2024 |
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------------ |
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At 31 August 2023 |
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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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--------- |
--------- |
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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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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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Rental deposits held |
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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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Later than 5 years |
– |
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------------ |
------------ |
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------------ |
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Deferred tax (note 21) |
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£ |
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At 1 September 2023 |
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Additions |
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--------- |
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At 31 August 2024 |
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--------- |
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2024 |
2023 |
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£ |
£ |
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Included in provisions (note 20) |
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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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Unused tax losses |
(
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(
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------------ |
------------ |
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880,696 |
638,996 |
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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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5 |
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5 |
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5 |
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5 |
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30 |
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30 |
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|
30 |
|
30 |
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Ordinary Class E shares of £1 each |
30 |
30 |
30 |
30 |
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---- |
---- |
---- |
---- |
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---- |
---- |
---- |
---- |
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At 1 Sep 2023 |
Cash flows |
At 31 Aug 2024 |
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£ |
£ |
£ |
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Cash at bank and in hand |
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(149,437) |
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Debt due within one year |
(1,263,395) |
(364,618) |
(1,628,013) |
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Debt due after one year |
(2,462,118) |
285,944 |
(2,176,174) |
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------------ |
--------- |
------------ |
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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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Not later than 1 year |
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------- |
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Notes to the Financial Statements (continued) |