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Financial Statements |
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Contents |
Page |
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Strategic report |
1 |
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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 |
10 |
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Statement of financial position |
11 |
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Statement of cash flows |
12 |
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Notes to the financial statements |
13 |
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Strategic Report |
| 2024 | 2023 | ||
| £ | £ | ||
| Turnover (£) | 24,120,734 | 10,102,687 | |
| Gross profit margin (£) | 4,600,084 | 2,190,047 | |
| Gross profit margin (%) | 19 | 22 | |
| Operating profit (£) | 580,547 | 604,361 | |
| Operating profit (%) | 2 | 6 | |
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Director |
Director |
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Registered office: |
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Directors' Report |
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Director |
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 Certified Accountants & Statutory Auditor |
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Printing House |
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66 Lower Road |
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Harrow |
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HA2 0DH |
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Statement of Income and Retained Earnings |
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Period from |
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Year to |
1 Nov 22 to |
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30 Apr 24 |
30 Apr 23 |
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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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Operating profit |
5 |
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Interest payable and similar expenses |
9 |
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(
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Profit before taxation |
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Tax on profit |
10 |
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Profit for the financial year and total comprehensive income |
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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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Intangible assets |
11 |
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Tangible assets |
12 |
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Stocks |
13 |
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Debtors |
14 |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
15 |
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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 |
16 |
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Taxation including deferred tax |
17 |
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Net assets |
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Called up share capital |
20 |
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Profit and loss account |
21 |
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Shareholders funds |
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Director |
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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Interest payable and similar expenses |
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(
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Loss on disposal of tangible assets |
– |
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Tax on profit |
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Accrued expenses |
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Changes in: |
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Stocks |
(
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(
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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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Intercompany loans |
(
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(
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Cash generated from operations |
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Interest paid |
(
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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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Purchase of intangible assets |
(
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(
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---------- |
---------- |
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Net cash used in investing activities |
(
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(
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---------- |
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Proceeds from borrowings |
(
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Proceeds from loans from group undertakings |
(
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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 increase/(decrease) in cash and cash equivalents |
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(
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Cash and cash equivalents at beginning of year |
93,064 |
121,848 |
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Cash and cash equivalents at end of year |
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---------- |
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Notes to the Financial Statements |
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Plant and machinery |
- |
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Fixtures and fittings |
- |
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Motor vehicles |
- |
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Equipment |
- |
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Period from |
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Year to |
1 Nov 22 to |
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30 Apr 24 |
30 Apr 23 |
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£ |
£ |
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Construction contracts |
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-------------- |
-------------- |
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Period from |
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Year to |
1 Nov 22 to |
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30 Apr 24 |
30 Apr 23 |
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£ |
£ |
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United Kingdom |
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Overseas |
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– |
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-------------- |
-------------- |
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-------------- |
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Period from |
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Year to |
1 Nov 22 to |
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30 Apr 24 |
30 Apr 23 |
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£ |
£ |
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Depreciation of tangible assets |
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Loss on disposal of tangible assets |
– |
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Foreign exchange differences |
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-------- |
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Period from |
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Year to |
1 Nov 22 to |
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30 Apr 24 |
30 Apr 23 |
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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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Other non-audit services |
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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 |
2 |
2 |
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---- |
---- |
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---- |
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Period from |
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Year to |
1 Nov 22 to |
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30 Apr 24 |
30 Apr 23 |
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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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Period from |
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Year to |
1 Nov 22 to |
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30 Apr 24 |
30 Apr 23 |
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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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No. |
No. |
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Defined contribution plans |
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---- |
---- |
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Period from |
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Year to |
1 Nov 22 to |
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30 Apr 24 |
30 Apr 23 |
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£ |
£ |
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Aggregate remuneration |
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Company contributions to defined contribution pension plans |
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---------- |
-------- |
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---------- |
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Period from |
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Year to |
1 Nov 22 to |
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30 Apr 24 |
30 Apr 23 |
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£ |
£ |
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Interest on banks loans and overdrafts |
– |
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Loss on financial instruments |
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(
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Other interest payable and similar charges |
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---------- |
-------- |
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(
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---------- |
-------- |
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Period from |
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Year to |
1 Nov 22 to |
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30 Apr 24 |
30 Apr 23 |
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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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Period from |
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Year to |
1 Nov 22 to |
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30 Apr 24 |
30 Apr 23 |
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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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Adjustment to tax charge in respect of prior periods |
– |
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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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Effect of loss surrendered in respect of group relief |
(
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– |
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Deferred tax |
(
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---------- |
---------- |
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Tax on profit |
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---------- |
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Patents, trademarks and licences |
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£ |
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Cost |
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At 1 May 2023 |
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Additions |
– |
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Additions from internal developments |
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---------- |
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At 30 April 2024 |
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Amortisation |
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At 1 May 2023 and 30 April 2024 |
– |
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---------- |
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Carrying amount |
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At 30 April 2024 |
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At 30 April 2023 |
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Plant and machinery |
Fixtures and fittings |
Motor vehicles |
Equipment |
Total |
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£ |
£ |
£ |
£ |
£ |
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Cost |
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At 1 May 2023 |
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Additions |
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– |
– |
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------------ |
-------- |
---------- |
---------- |
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At 30 April 2024 |
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------------ |
-------- |
---------- |
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Depreciation |
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At 1 May 2023 |
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Charge for the year |
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------------ |
-------- |
---------- |
---------- |
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At 30 April 2024 |
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------------ |
-------- |
---------- |
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Carrying amount |
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At 30 April 2024 |
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------------ |
-------- |
---------- |
---------- |
------------ |
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At 30 April 2023 |
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------------ |
-------- |
---------- |
---------- |
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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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Amounts owed by group undertakings |
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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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Amounts owed by group undertakings |
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Amounts owed by customers on construction contracts |
866,209 |
435,790 |
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------------ |
------------ |
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------------ |
------------ |
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2024 |
2023 |
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£ |
£ |
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Trade creditors |
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Amounts owed to group undertakings |
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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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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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Other creditors |
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------------ |
------------ |
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Deferred tax (note 18) |
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£ |
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At 1 May 2023 |
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Charge against provision |
(
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-------- |
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At 30 April 2024 |
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-------- |
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2024 |
2023 |
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£ |
£ |
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Included in provisions (note 17) |
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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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1 |
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1 |
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---- |
---- |
---- |
---- |
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At 1 May 2023 |
Cash flows |
At 30 Apr 2024 |
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£ |
£ |
£ |
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Cash at bank and in hand |
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220,134 |
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Debt due within one year |
(892,240) |
69,623 |
(822,617) |
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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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Later than 1 year and not later than 5 years |
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---------- |
---------- |
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---------- |
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