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Director
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27/05/2025
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Appointed |
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Appointed |
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Appointed |
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Director
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for and on behalf of
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Manor Court Chambers
Townsend Drive
Nuneaton
Warwickshire
CV11 6RU
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| 31 August 2024 | ||
|---|---|---|
| Notes | £ | |
| TURNOVER | 3 |
|
| Cost of sales |
( |
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| GROSS PROFIT |
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| Administrative expenses |
( |
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| Other operating income |
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| OPERATING LOSS | 5 |
( |
| Other interest receivable and similar income | 9 |
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| Interest payable and similar charges | 10 |
( |
| LOSS BEFORE TAXATION |
( |
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| Tax on Loss | 11 |
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| LOSS AFTER TAXATION BEING LOSS FOR THE FINANCIAL PERIOD ATTRIBUTABLE TO THE OWNERS OF THE PARENT |
( |
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| 31 August 2024 | ||
|---|---|---|
| £ | ||
| LOSS FOR THE FINANCIAL PERIOD |
( |
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| OTHER COMPREHENSIVE INCOME: | ||
| Gain/(loss) on loans at present value |
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| TOTAL COMPREHENSIVE INCOME FOR THE PERIOD ATTRIBUTABLE TO THE OWNERS OF THE PARENT |
( |
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| 31 August 2024 | |||
|---|---|---|---|
| Notes | £ | £ | |
| FIXED ASSETS | |||
| Intangible Assets | 12 |
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| Tangible Assets | 13 |
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| CURRENT ASSETS | |||
| 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 (LIABILITIES) |
( |
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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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| NET LIABILITIES |
( |
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| CAPITAL AND RESERVES | |||
| Called up share capital | 20 |
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| Other reserves |
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| Profit and Loss Account |
( |
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| SHAREHOLDERS' FUNDS | (408,092) | ||
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Director
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| 31 August 2024 | |||
|---|---|---|---|
| Notes | £ | £ | |
| FIXED ASSETS | |||
| Investments | 14 |
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| CURRENT ASSETS | |||
| Debtors | 16 |
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| Cash at bank and in hand |
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| NET CURRENT ASSETS (LIABILITIES) |
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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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| NET ASSETS |
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| CAPITAL AND RESERVES | |||
| Called up share capital | 20 |
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| Profit and Loss Account |
( |
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| SHAREHOLDERS' FUNDS | 85 | ||
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Director
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| Share Capital | Other reserves | Profit and Loss Account | Total | |
|---|---|---|---|---|
| £ | £ | £ | £ | |
| As at 2 October 2023 |
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1 |
| Loss for period | - | - | (503,414) |
( |
| Other comprehensive income (expense) type A | - | 95,235 | - | 95,235 |
| Other comprehensive income for the period | - |
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| Total comprehensive income for the period | - | 95,235 |
( |
(408,179) |
| Dividends paid | - | - | - | - |
| Arising on shares issued during the period |
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- | - | 86 |
| As at 31 August 2024 |
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( |
(408,092) |
| 31 August 2024 | ||
|---|---|---|
| Notes | £ | |
| Cash flows from operating activities | ||
| Net cash generated from operations | 1 |
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| Interest paid |
( |
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| Net cash generated from operating activities |
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| Cash flows from investing activities | ||
| Purchase of tangible assets |
( |
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| Purchase of investment in subsidiary undertaking |
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| Interest received |
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| Net cash used in investing activities |
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| Cash flows from financing activities | ||
| Proceeds from issue of share capital |
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| Proceeds from new bank borrowings |
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| Proceeds from new other loans | 520,000 | |
| Net cash generated from financing activities |
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| Increase in cash and cash equivalents |
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| Cash and cash equivalents at beginning of period | 2 |
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| Cash and cash equivalents at end of period | 2 |
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| 31 August 2024 | |
|---|---|
| £ | |
| Loss for the financial period |
( |
| Adjustments for: | |
| Tax on loss |
( |
| Interest expense |
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| Interest income |
( |
| Amortisation of intangible assets |
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| Depreciation of tangible assets |
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| Grant income | (5,614) |
| Movements in working capital: | |
| Increase in stocks |
( |
| Decrease in trade and other debtors |
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| Increase in trade and other creditors |
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| Present value adjustment - Other income | (43,768) |
| Net cash generated from operations |
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| 31 August 2024 | |
|---|---|
| £ | |
| Cash at bank and in hand |
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| As at 2 October 2023 | Cash flows | Acquisition and disposal of subsidiaries | As at 31 August 2024 | |
|---|---|---|---|---|
| £ | £ | £ | £ | |
| Cash at bank and in hand |
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(441,473) | 1,225,577 |
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| Debts falling due within one year |
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(788,268) | - |
( |
| Debts falling due after more than one year | - | (4,111,479) | - | (4,111,479) |
| - | (5,341,220) | 1,225,577 | (4,115,643) | |
| Leasehold |
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| Plant & Machinery |
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| Motor Vehicles |
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| Fixtures & Fittings |
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| Computer Equipment |
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| 31 August 2024 | |
|---|---|
| £ | |
| Coating | 3,169,648 |
| Energy and rates | 5,764 |
| Shotblast | 113,664 |
| 3,289,076 | |
| 31 August 2024 | |
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| £ | |
| Grant income |
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| Other operating income |
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| 49,382 | |
| 31 August 2024 | |
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| £ | |
| Bad debts | 24,502 |
| Operating lease rentals |
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| Depreciation of tangible fixed assets |
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| Amortisation of intangible fixed assets |
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31 August 2024
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Further disclosures
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£
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Light and heat
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617,191
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| 31 August 2024 | |
|---|---|
| £ | |
| Audit Services | |
| Audit of the company's financial statements |
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| 31 August 2024 | |
|---|---|
| £ | |
| Wages and salaries |
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| Social security costs |
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| Other pension costs |
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| 31 August 2024 | |
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| Office and administration |
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| Manufacturing |
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| 31 August 2024 | |
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| £ | |
| Bank interest receivable |
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| 31 August 2024 | |
|---|---|
| £ | |
| Bank loans and overdrafts |
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The tax credit on the loss for the period was as follows:
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| Tax Rate | 31 August 2024 | |
|---|---|---|
| 31 August 2024 | £ | |
| Current tax | ||
| UK Corporation Tax | 25.0% |
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| Deferred Tax | ||
| Deferred taxation |
( |
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| Total tax charge for the period |
( |
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The actual credit for the period can be reconciled to the expected credit for the period based on the loss and the standard rate of corporation tax as follows:
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| 31 August 2024 | ||
| £ | ||
| Profit before tax | (797,735) | |
| Tax on profit at 25% (UK standard rate) |
( |
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| Goodwill/depreciation not allowed for tax |
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| Expenses not deductible for tax purposes |
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| Capital allowances |
( |
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| Short term timing differences |
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| Tax losses unutilised carried forward |
( |
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| Tax incentives |
( |
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| Total tax charge for the period | (294,321) | |
| Goodwill | |||
|---|---|---|---|
| £ | |||
| Cost | |||
| As at 2 October 2023 |
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| Additions |
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| As at 31 August 2024 |
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| Amortisation | |||
| As at 2 October 2023 |
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| Provided during the period |
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| As at 31 August 2024 |
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| Net Book Value | |||
| As at 31 August 2024 |
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| As at 2 October 2023 |
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| Land & Property | |||||
|---|---|---|---|---|---|
| Leasehold | Plant & Machinery | Fixtures & Fittings | Computer Equipment | Total | |
| £ | £ | £ | £ | £ | |
| Cost | |||||
| As at 2 October 2023 |
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| Additions |
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| As at 31 August 2024 |
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| Depreciation | |||||
| As at 2 October 2023 |
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| Provided during the period |
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| As at 31 August 2024 |
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| Net Book Value | |||||
| As at 31 August 2024 |
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| As at 2 October 2023 |
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| Subsidiaries | |
|---|---|
| £ | |
| Cost | |
| As at 2 October 2023 |
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| Additions |
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| As at 31 August 2024 |
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| Provision | |
| As at 2 October 2023 |
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| As at 31 August 2024 |
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| Net Book Value | |
| As at 31 August 2024 |
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| As at 2 October 2023 |
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Name
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Holding
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Threesixty Investco 10 Limited
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100%
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FP Advanced Group Holdings Limited
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100%
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FP Advanced Holdings Limited
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100%
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FP Advanced Coatings Limited
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100%
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Foleshill Plating Co. Limited
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100%
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| 31 August 2024 | |
|---|---|
| £ | |
| Stock |
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| Group | Company | ||
|---|---|---|---|
| 31 August 2024 | 31 August 2024 | ||
| £ | £ | ||
| Due within one year | |||
| Trade debtors |
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| Prepayments and accrued income |
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| Other debtors |
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| Amounts owed by group undertakings | - |
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| Group | ||
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| 31 August 2024 | ||
| £ | ||
| Trade creditors |
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| Bank loans and overdrafts |
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| Other creditors | 1,368,151 | |
| Taxation and social security | 317,058 | |
| Accruals and deferred income |
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| Group | Company | ||
|---|---|---|---|
| 31 August 2024 | 31 August 2024 | ||
| £ | £ | ||
| Trade creditors |
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| Bank loans |
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| Other loans |
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| Deferred consideration |
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| Government grants after one year |
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| Group | Company | ||
|---|---|---|---|
| 31 August 2024 | 31 August 2024 | ||
| £ | £ | ||
| Other loans |
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| Group | ||
|---|---|---|
| 31 August 2024 | ||
| £ | ||
| Amounts falling due within one year or on demand: | ||
| Bank loans |
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| Group | ||
|---|---|---|
| 31 August 2024 | ||
| £ | ||
| Amounts falling due between one and five years: | ||
| Bank loans |
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| Group | Company | ||
|---|---|---|---|
| 31 August 2024 | 31 August 2024 | ||
| £ | £ | ||
| Amounts falling due after more than five years: | |||
| Other loans |
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| Net assets acquired | |||
| Book Values | Adjustments | Fair Value | |
|---|---|---|---|
| £ | £ | £ | |
| Tangible Assets | 1,234,174 | - |
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| Stocks | 140,000 | - |
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| Debtors | 4,301,926 | - |
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| Cash at bank and in hand | 1,225,577 | - |
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| Creditors: Amounts falling due within one year | (1,600,745) | - |
( |
| Creditors: Amounts falling due after more than one year | (166,712) | - |
( |
| Deferred taxation | (294,320) | - |
( |
| Total identifiable net assets | 4,839,900 | - |
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| Goodwill |
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| Total Consideration |
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| The consideration was satisfied by: | |||
| Cash consideration paid |
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| Costs directly attributable to the business combination | 473,405 | ||
| Total Consideration |
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| 31 August 2024 | |
|---|---|
| £ | |
| Not later than one year |
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| Later than one year and not later than five years |
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| Later than five years |
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