| Directors |
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| Secretary |
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| Company Number |
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| Registered Office | 2c Atkinsons Way |
| Foxhills Industrial Estate | |
| Scunthorpe | |
| DN15 8QJ | |
| Accountants |
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| First Avenue | |
| Doncaster | |
| DN9 3GA | |
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Director
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02/06/2025
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Resigned |
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Director
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for and on behalf of
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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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| Other operating income |
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| OPERATING LOSS | 4 |
( |
( |
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| Exceptional items | - | (165,000) | ||
| Profit on disposal of fixed assets |
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| Other interest receivable and similar income | 9 |
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| Interest payable and similar charges | 10 |
( |
( |
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| LOSS BEFORE TAXATION |
( |
( |
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| Tax on Loss | 11 |
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| LOSS AFTER TAXATION BEING LOSS FOR THE FINANCIAL YEAR |
( |
( |
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| 2024 | 2023 | |||
|---|---|---|---|---|
| £ | £ | |||
| LOSS FOR THE FINANCIAL YEAR |
( |
( |
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| OTHER COMPREHENSIVE INCOME FOR THE YEAR | - | - | ||
| TOTAL COMPREHENSIVE INCOME FOR THE YEAR |
( |
( |
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| 2024 | 2023 | ||||
|---|---|---|---|---|---|
| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Intangible Assets | 12 |
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| Tangible Assets | 13 |
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| CURRENT ASSETS | |||||
| Stocks | 14 |
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| Debtors | 15 |
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| Cash at bank and in hand |
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| Creditors: Amounts Falling Due Within One Year | 16 |
( |
( |
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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 | 17 |
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( |
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| PROVISIONS FOR LIABILITIES | |||||
| Deferred Taxation | 20 | - |
( |
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| NET ASSETS |
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| CAPITAL AND RESERVES | |||||
| Called up share capital | 21 |
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| Profit and Loss Account |
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| SHAREHOLDERS' FUNDS | 6,575,721 | 9,910,314 | |||
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Director
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| Share Capital | Profit and Loss Account | Total | |
|---|---|---|---|
| £ | £ | £ | |
| As at 1 April 2022 |
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11,888,463 |
| Loss for the year and total comprehensive income | - |
( |
(1,532,912) |
| Dividends paid | - | (445,237) | (445,237) |
| As at 31 March 2023 and 1 April 2023 |
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9,910,314 |
| Loss for the year and total comprehensive income | - |
( |
(3,288,093) |
| Dividends paid | - | (46,500) | (46,500) |
| As at 27 March 2024 |
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6,575,721 |
| 2024 | 2023 | |||
|---|---|---|---|---|
| Notes | £ | £ | ||
| Cash flows from operating activities | ||||
| Net cash (used in)/generated from operations | 1 |
( |
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| Interest paid |
( |
( |
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| Tax paid |
( |
( |
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| Further item of operating activities 1 | - | (3,957,273) | ||
| Net cash used in operating activities |
( |
( |
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| Cash flows from investing activities | ||||
| Proceeds from disposal of tangible assets |
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| Interest received |
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| Net cash generated from investing activities |
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| Cash flows from financing activities | ||||
| Equity dividends paid |
( |
( |
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| Proceeds from new bank borrowings |
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| Repayment of bank borrowings |
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( |
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| Repayment of finance leases |
( |
( |
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| Amount introduced by directors | - | 167,045 | ||
| Amount withdrawn by directors | (19,769) | (4,755) | ||
| Net cash generated from 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 | ||
|---|---|---|---|
| £ | £ | ||
| Loss for the financial year |
( |
( |
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| Adjustments for: | |||
| Tax on loss |
( |
( |
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| Interest expense |
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| Interest income |
( |
( |
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| Amortisation of intangible assets |
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| Depreciation of tangible assets |
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| Profit on disposal of tangible assets | - | (720) | |
| Movements in working capital: | |||
| Decrease/(increase) in stocks |
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( |
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| Decrease/(increase) in trade and other debtors |
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( |
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| (Decrease)/increase in trade and other creditors |
( |
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| Intercompany loan write off | - | (165,000) | |
| Net cash (used in)/generated from operations |
( |
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| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Cash at bank and in hand |
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| Overdraft facilities repayable on demand |
( |
( |
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| Cash and cash equivalents as stated in the Statement of Cash Flows | (5,650,939) | (99,298) | |
| As at 1 April 2023 | Cash flows | As at 27 March 2024 | |
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| £ | £ | £ | |
| Cash at bank and in hand |
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53,061 |
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| Overdraft facilities repayable on demand | (136,641) | (5,604,702) | (5,741,343) |
| Cash and cash equivalents |
( |
(5,551,641) |
( |
| Finance leases | (71,044) | 64,066 | (6,978) |
| Debts falling due within one year |
( |
(3,532,783) |
( |
| Debts falling due after more than one year | (1,050,119) | 1,050,119 | - |
| (1,976,718) | (7,970,239) | (9,946,957) | |
| Freehold |
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| Leasehold |
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| Motor Vehicles |
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| Fixtures & Fittings |
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| Computer Equipment |
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| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Rental income |
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| Other operating income |
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| 2,111 | 6,218 | ||
| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Depreciation of tangible fixed assets |
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| Amortisation of intangible 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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| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Emoluments |
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| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Bank interest receivable |
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| Director's loan interest | - | 4,755 | |
| 24 | 4,755 | ||
| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Bank loans and overdrafts |
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| Factoring charges | 131,475 | 170,699 | |
| Finance charges payable under finance leases and hire purchase contracts | 6,517 | 6,515 | |
| 633,221 | 312,686 | ||
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The tax credit on the loss for the year was as follows:
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| Tax Rate | 2024 | 2023 | |||
|---|---|---|---|---|---|
| 2024 | 2023 | £ | £ | ||
| Current tax | |||||
| UK Corporation Tax | 25.0% | 19.0% |
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( |
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| Prior period adjustment |
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( |
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( |
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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 year can be reconciled to the expected credit for the year based on the loss and the standard rate of corporation tax as follows:
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| 2024 | 2023 | ||||
| £ | £ | ||||
| Profit before tax | (3,301,414) | (1,761,714) | |||
| Tax on profit at 25% (UK standard rate) |
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( |
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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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| Prior period adjustment |
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( |
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| Deferred tax from unrecognised tax loss or credit |
( |
( |
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| Total tax charge for the period | (13,321) | (228,802) | |||
| Goodwill | |||
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| £ | |||
| Cost | |||
| As at 1 April 2023 |
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| As at 27 March 2024 |
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| Amortisation | |||
| As at 1 April 2023 |
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| Provided during the period |
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| As at 27 March 2024 |
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| Net Book Value | |||
| As at 27 March 2024 |
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| As at 1 April 2023 |
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| Land & Property | ||||
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| Freehold | Leasehold | Motor Vehicles | Fixtures & Fittings | |
| £ | £ | £ | £ | |
| Cost | ||||
| As at 1 April 2023 |
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| As at 27 March 2024 |
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| Depreciation | ||||
| As at 1 April 2023 |
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| Provided during the period |
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| As at 27 March 2024 |
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| Net Book Value | ||||
| As at 27 March 2024 |
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| As at 1 April 2023 |
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| Computer Equipment | Total | |
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| £ | £ | |
| Cost | ||
| As at 1 April 2023 |
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| As at 27 March 2024 |
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| Depreciation | ||
| As at 1 April 2023 |
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| Provided during the period |
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| As at 27 March 2024 |
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| Net Book Value | ||
| As at 27 March 2024 |
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| As at 1 April 2023 |
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| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Stock |
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| 2024 | 2023 | ||
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| £ | £ | ||
| Due within one year | |||
| Trade debtors |
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| Prepayments and accrued income |
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| Other debtors |
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| Corporation tax recoverable assets |
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| VAT |
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| Amounts owed by other participating interests | 2,269 | 2,269 | |
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| Due after more than one year | |||
| Corporation tax recoverable assets | - |
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| 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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| Corporation tax | - |
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| Other taxes and social security |
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| Other creditors |
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| Trade finance | - |
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| Accruals and deferred income |
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| Directors' loan accounts |
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| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Net obligations under finance lease and hire purchase contracts | - |
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| Bank loans | - |
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| - |
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| 2024 | 2023 | ||
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| £ | £ | ||
| Net obligations under finance lease and hire purchase contracts | 6,978 | 71,044 | |
| Bank loans and overdrafts | 10,030,383 | 1,943,017 | |
| Other loans | - | 3,999,890 |
| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Amounts falling due within one year or on demand: | |||
| Bank loans |
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| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Amounts falling due between one and five years: | |||
| Bank loans | - |
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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 | - | 14,561 | |
| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| On equity shares: | |||
| Final dividend paid |
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