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Director
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9th May 2025
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Director
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for and on behalf of
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46 Hullbridge Road
South Woodham Ferrers
Essex
CM3 5NG
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| 2024 | 2023 | |||
|---|---|---|---|---|
| Notes | £ | £ | ||
| TURNOVER |
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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 | 3 |
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| Profit on disposal of fixed assets |
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| Interest payable and similar charges | 8 |
( |
( |
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| PROFIT BEFORE TAXATION |
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| Tax on Profit | 9 |
( |
( |
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| PROFIT AFTER TAXATION BEING PROFIT FOR THE FINANCIAL YEAR |
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| Profit attributable to: | ||||
| Owners of the parent | 332,250 | 228,599 | ||
| Non-controlling interest | 62,168 | 27,674 | ||
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| 2024 | 2023 | |||
|---|---|---|---|---|
| £ | £ | |||
| PROFIT FOR THE FINANCIAL YEAR |
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| OTHER COMPREHENSIVE INCOME FOR THE YEAR | - | - | ||
| TOTAL COMPREHENSIVE INCOME FOR THE YEAR |
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| Total comprehensive income attributable to: | ||||
| Owners of the parent | 332,250 | 228,599 | ||
| Non-controlling interest | 62,168 | 27,674 | ||
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| 2024 | 2023 | ||||
|---|---|---|---|---|---|
| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Tangible Assets | 10 |
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| CURRENT ASSETS | |||||
| Stocks | 12 |
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| Debtors | 13 |
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| Cash at bank and in hand |
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| Creditors: Amounts Falling Due Within One Year | 14 |
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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 | 15 |
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| PROVISIONS FOR LIABILITIES | |||||
| Deferred Taxation | 18 |
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| NET ASSETS |
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| CAPITAL AND RESERVES | |||||
| Called up share capital | 19 |
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| Capital redemption reserve |
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| Profit and Loss Account |
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| Equity attributable to owners of the parent | 1,429,693 | 1,316,378 | |||
| Non-controlling interest |
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| TOTAL EQUITY | 1,604,535 | 1,429,052 | |||
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Director
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| 2024 | 2023 | ||||
|---|---|---|---|---|---|
| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Investments | 11 |
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| CURRENT ASSETS | |||||
| Debtors | 13 |
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| Cash at bank and in hand |
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| Creditors: Amounts Falling Due Within One Year | 14 |
( |
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| NET CURRENT ASSETS (LIABILITIES) |
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| TOTAL ASSETS LESS CURRENT LIABILITIES |
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| NET ASSETS |
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| CAPITAL AND RESERVES | |||||
| Called up share capital | 19 |
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| Capital redemption reserve |
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| Profit and Loss Account |
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| SHAREHOLDERS' FUNDS | 592,485 | 782,484 | |||
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Director
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| Share Capital | Capital Redemption | Profit and Loss Account | Total Attributable to Parent | |
|---|---|---|---|---|
| £ | £ | £ | £ | |
| As at 1 October 2022 |
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| Profit for the year and total comprehensive income | - | - |
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| Dividends paid | - | - | (95,266) | (95,266) |
| As at 30 September 2023 and 1 October 2023 |
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| Profit for the year and total comprehensive income | - | - |
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| Dividends paid | - | - | (28,936) | (28,936) |
| Purchase of own shares |
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( |
(189,774) |
| As at 30 September 2024 |
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| Non-controlling interest | Total | |
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| £ | £ | |
| As at 1 October 2022 |
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1,268,045 |
| Profit for the year and total comprehensive income |
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256,273 |
| Dividends paid |
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(95,266) |
| As at 30 September 2023 and 1 October 2023 |
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1,429,052 |
| Profit for the year and total comprehensive income |
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394,418 |
| Dividends paid |
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(28,936) |
| Purchase of own shares | - | (189,774) |
| As at 30 September 2024 |
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1,604,535 |
| Share Capital | Capital Redemption | Profit and Loss Account | Total | |
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| £ | £ | £ | £ | |
| As at 1 October 2022 |
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782,484 |
| Profit for the year and total comprehensive income | - | - |
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95,266 |
| Dividends paid | - | - | (95,266) | (95,266) |
| As at 30 September 2023 and 1 October 2023 |
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782,484 |
| Profit for the year and total comprehensive income | - | - |
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28,936 |
| Dividends paid | - | - | (28,936) | (28,936) |
| Purchase of own shares |
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( |
(189,774) |
| As at 30 September 2024 |
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592,485 |
| 2024 | 2023 | |||
|---|---|---|---|---|
| Notes | £ | £ | ||
| Cash flows from operating activities | ||||
| Net cash generated from operations | 1 |
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| Interest paid |
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| Tax 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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| Proceeds from disposal of tangible assets |
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| Net cash used in investing activities |
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| Cash flows from financing activities | ||||
| Purchase/redemption of own shares |
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| Equity dividends paid |
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| Proceeds from new bank borrowings |
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| Repayment of bank borrowings |
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| Repayment of finance leases |
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| Net cash used in financing activities |
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| (Decrease)/increase in cash and cash equivalents |
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| Cash and cash equivalents at beginning of year | 2 |
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| Cash and cash equivalents at end of year | 2 |
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| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Profit for the financial year |
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| Adjustments for: | |||
| Tax on profit |
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| Interest expense |
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| Depreciation of tangible assets |
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| Profit on disposal of tangible assets | (6,500) | (40,304) | |
| Movements in working capital: | |||
| (Increase)/decrease in stocks |
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| Increase in trade and other debtors |
( |
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| Increase in trade and other creditors |
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| Net cash generated from operations |
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| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Cash at bank and in hand |
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| As at 1 October 2023 | Cash flows | As at 30 September 2024 | |
|---|---|---|---|
| £ | £ | £ | |
| Cash at bank and in hand |
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(287,524) |
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| Finance leases | (184,530) | (200,759) | (385,289) |
| Debts falling due within one year |
( |
72,282 |
( |
| Debts falling due after more than one year | (341,993) | 118,448 | (223,545) |
| 916,728 | (297,553) | 619,175 | |
| 2024 | 2023 | |||
|---|---|---|---|---|
| Notes | £ | £ | ||
| Cash flows from operating activities | ||||
| Net cash generated from operations | 1 |
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| Net cash generated from operating activities |
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| Cash flows from investing activities | ||||
| Purchase of other fixed asset investments |
( |
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| Dividends received |
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| Net cash generated from investing activities |
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| Cash flows from financing activities | ||||
| Purchase/redemption of own shares |
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| Equity dividends paid |
( |
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| Net cash used in financing activities |
( |
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| Increase/(decrease) in cash and cash equivalents |
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| Cash and cash equivalents at beginning of year | 2 |
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| Cash and cash equivalents at end of year | 2 |
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| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Profit for the financial year |
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| Adjustments for: | |||
| Income from shares in group undertakings | (28,936) | (95,266) | |
| Movements in working capital: | |||
| Decrease in trade and other debtors |
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| Increase in trade and other creditors |
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| Net cash generated from operations |
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| 2024 | 2023 | ||
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| £ | £ | ||
| Cash at bank and in hand |
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| As at 1 October 2023 | Cash flows | As at 30 September 2024 | |
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| £ | £ | £ | |
| Cash at bank and in hand |
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| Motor Vehicles |
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| Fixtures & Fittings |
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| Computer Equipment |
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| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Bad debts | (2,575) | - | |
| Depreciation of tangible fixed assets |
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| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Audit Services | |||
| Audit of the company's financial statements |
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| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Wages and salaries |
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| Social security costs |
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| Other pension costs |
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| Group | Company | ||||||
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| 2024 | 2023 | 2024 | 2023 | ||||
| Office and administration |
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| 2024 | 2023 | ||
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| £ | £ | ||
| Emoluments |
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| Company contributions to money purchase pension schemes |
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| 2024 | 2023 | ||
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| £ | £ | ||
| Emoluments |
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| Company contributions to money purchase pension schemes |
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| 2024 | 2023 | ||
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| £ | £ | ||
| Bank loans and overdrafts |
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| Interest payable on other loans |
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| Factoring charges | 159,292 | 97,855 | |
| Finance charges payable under finance leases and hire purchase contracts | 16,069 | 6,261 | |
| 207,098 | 154,350 | ||
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The tax charge on the profit for the year was as follows:
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| Tax Rate | 2024 | 2023 | |||
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| 2024 | 2023 | £ | £ | ||
| 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 charge for the year can be reconciled to the expected charge for the year based on the profit and the standard rate of corporation tax as follows:
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| 2024 | 2023 | ||||
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| £ | £ | ||||
| Profit before tax | 494,833 | 259,727 | |||
| Tax on profit at 25% (UK standard rate) |
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| Expenses not deductible for tax purposes |
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| Tax losses utilised |
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| Capital allowances |
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| Short term timing differences |
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| Research and Development tax credit |
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| Difference in tax rates |
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| Total tax charge for the period | 100,415 | 3,454 | |||
| Motor Vehicles | Fixtures & Fittings | Computer Equipment | Total | |
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| £ | £ | £ | £ | |
| Cost | ||||
| As at 1 October 2023 |
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| Additions |
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| As at 30 September 2024 |
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| Depreciation | ||||
| As at 1 October 2023 |
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| Provided during the period |
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| As at 30 September 2024 |
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| Net Book Value | ||||
| As at 30 September 2024 |
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| As at 1 October 2023 |
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| Unlisted | |
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| £ | |
| Cost | |
| As at 1 October 2023 |
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| Additions |
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| As at 30 September 2024 |
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| Provision | |
| As at 1 October 2023 |
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| As at 30 September 2024 |
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| Net Book Value | |
| As at 30 September 2024 |
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| As at 1 October 2023 |
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| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Stock |
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| Group | Company | ||||||
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| 2024 | 2023 | 2024 | 2023 | ||||
| £ | £ | £ | £ | ||||
| Due within one year | |||||||
| Trade debtors |
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| Amounts recoverable on contracts |
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| Amounts owed by group undertakings | - | - | 681,473 | 781,847 | |||
| Other debtors | 1,182,843 | 819,473 | - | - | |||
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| Group | Company | ||||||
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| 2024 | 2023 | 2024 | 2023 | ||||
| £ | £ | £ | £ | ||||
| Net obligations under finance lease and hire purchase contracts |
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| Trade creditors |
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| Bank loans and overdrafts |
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| Other creditors | 712,541 | 83,945 | 90,824 | 469 | |||
| Corporation tax |
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| Taxation and social security | 166,151 | 45,619 | - | - | |||
| Accruals and deferred income |
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| Group | ||||
|---|---|---|---|---|
| 2024 | 2023 | |||
| £ | £ | |||
| Net obligations under finance lease and hire purchase contracts |
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| Bank loans |
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| Group | ||||
|---|---|---|---|---|
| 2024 | 2023 | |||
| £ | £ | |||
| Amounts falling due within one year or on demand: | ||||
| Bank loans |
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| Group | ||||
|---|---|---|---|---|
| 2024 | 2023 | |||
| £ | £ | |||
| Amounts falling due between one and five years: | ||||
| Bank loans |
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| Group | ||||
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| 2024 | 2023 | |||
| £ | £ | |||
| The future minimum finance lease payments are as follows: | ||||
| Not later than one year |
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| Later than one year and not later than five years |
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| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Other timing differences | 25,919 | - | |
| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| On equity shares: | |||
| Final dividend paid |
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