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FINANCIAL STATEMENTS |
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Contents |
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OFFICERS AND PROFESSIONAL ADVISERS |
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Director |
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Registered office |
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Auditor |
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Chartered Accountants & statutory auditor |
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35 Westgate |
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Huddersfield |
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HD1 1PA |
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Bankers |
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10 Yorkshire Street |
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Oldham |
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Lancashire |
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OL1 1QT |
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STRATEGIC REPORT |
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Director |
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Registered office: |
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DIRECTOR'S 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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35 Westgate |
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Huddersfield |
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HD1 1PA |
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CONSOLIDATED 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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Profit for the financial year and total comprehensive income |
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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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COMPANY STATEMENT OF INCOME AND RETAINED EARNINGS |
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2024 |
2023 |
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Note |
£ |
£ |
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Profit for the financial year and total comprehensive income |
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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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CONSOLIDATED STATEMENT OF FINANCIAL POSITION |
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2024 |
2023 |
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Note |
£ |
£ |
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Intangible assets |
13 |
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Tangible assets |
14 |
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Stocks |
16 |
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Debtors |
17 |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
18 |
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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 |
19 |
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Provisions |
20 |
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Net assets |
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Called up share capital |
24 |
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Share premium account |
25 |
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Profit and loss account |
25 |
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Shareholders funds |
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Director |
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BALANCE SHEET |
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2024 |
2023 |
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Note |
£ |
£ |
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Investments |
15 |
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Debtors |
17 |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
18 |
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– |
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Net current assets |
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Total assets less current liabilities |
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Called up share capital |
24 |
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Share premium account |
25 |
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Profit and loss account |
25 |
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Shareholders funds |
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Director |
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CONSOLIDATED 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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Amortisation of intangible assets |
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Government grant income |
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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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Changes in: |
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Stocks |
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Trade and other debtors |
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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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Tax paid |
(
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(
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Net cash from operating activities |
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Purchase of tangible assets |
(
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Proceeds from sale of tangible assets |
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– |
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Cash advances and loans granted |
(
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(
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Net cash used in investing activities |
(
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(
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Government grant income |
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Net cash 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 |
5,098,604 |
3,811,898 |
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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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Goodwill |
- |
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Plant and machinery |
- |
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Motor vehicles |
- |
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Computer equipment |
- |
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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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Government grant income |
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2024 |
2023 |
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£ |
£ |
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Amortisation of intangible assets |
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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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2024 |
2023 |
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£ |
£ |
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Fees payable for the audit of the financial statements |
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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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Sales staff |
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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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2024 |
2023 |
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No. |
No. |
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Defined contribution plans |
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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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Interest on bank deposits |
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Other interest recievable |
– |
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------------ |
------------ |
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------------ |
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2024 |
2023 |
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£ |
£ |
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Other interest payable and similar charges |
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2024 |
2023 |
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£ |
£ |
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UK current tax expense |
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Adjustments in respect of prior periods |
(
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– |
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Total current tax |
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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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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 different UK tax rates on some earnings |
(673) |
27 |
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Rounding on tax charge |
– |
(
11) |
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Effect of R&D expenditure |
(
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– |
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------------ |
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Tax on profit |
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Group |
Goodwill |
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£ |
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Cost |
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At 1 October 2023 and 30 September 2024 |
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Amortisation |
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At 1 October 2023 |
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Charge for the year |
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At 30 September 2024 |
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Carrying amount |
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At 30 September 2024 |
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At 30 September 2023 |
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Group |
Freehold property |
Plant and machinery |
Motor vehicles |
Equipment |
Investment property |
Total |
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£ |
£ |
£ |
£ |
£ |
£ |
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Cost |
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At 1 Oct 2023 |
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Additions |
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– |
– |
– |
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Disposals |
– |
– |
(
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– |
– |
(
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At 30 Sep 2024 |
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Depreciation |
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At 1 Oct 2023 |
– |
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– |
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Charge for the year |
– |
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– |
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Disposals |
– |
– |
(
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– |
– |
(
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------------ |
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At 30 Sep 2024 |
– |
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– |
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Carrying amount |
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At 30 Sep 2024 |
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At 30 Sep 2023 |
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Company |
Shares in group undertakings |
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£ |
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Cost |
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At 1 October 2023 and 30 September 2024 |
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Impairment |
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At 1 October 2023 and 30 September 2024 |
– |
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Carrying amount |
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At 1 October 2023 and 30 September 2024 |
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At 30 September 2023 |
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Class of share |
Percentage of shares held |
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Subsidiary undertakings |
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Ordinary |
100 |
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Ordinary |
100 |
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Group |
Company |
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2024 |
2023 |
2024 |
2023 |
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£ |
£ |
£ |
£ |
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Raw materials and consumables |
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– |
– |
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Work in progress |
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– |
– |
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Finished goods and goods for resale |
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– |
– |
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------------ |
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– |
– |
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Group |
Company |
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2024 |
2023 |
2024 |
2023 |
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£ |
£ |
£ |
£ |
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Trade debtors |
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– |
– |
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Amounts owed by group and related undertakings |
– |
– |
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Prepayments and accrued income |
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– |
– |
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Amounts due from related undertakings |
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– |
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Other debtors |
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– |
– |
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------------ |
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Group |
Company |
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2024 |
2023 |
2024 |
2023 |
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£ |
£ |
£ |
£ |
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Other debtors |
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– |
– |
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Group |
Company |
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2024 |
2023 |
2024 |
2023 |
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£ |
£ |
£ |
£ |
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Trade creditors |
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– |
– |
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Accruals and deferred income |
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– |
– |
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Corporation tax |
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– |
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Social security and other taxes |
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– |
– |
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Director's loan account |
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– |
– |
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Other creditors |
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– |
– |
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------------ |
------------ |
------------ |
------------ |
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– |
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------------ |
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Group |
Company |
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2024 |
2023 |
2024 |
2023 |
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£ |
£ |
£ |
£ |
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Accruals and deferred income |
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– |
– |
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------------ |
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Group |
Deferred tax (note 21) |
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£ |
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At 1 October 2023 |
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Charge against provision |
(
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------------ |
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At 30 September 2024 |
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Group |
Company |
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2024 |
2023 |
2024 |
2023 |
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£ |
£ |
£ |
£ |
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Included in provisions (note 20) |
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– |
– |
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------------ |
------------ |
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Group |
Company |
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2024 |
2023 |
2024 |
2023 |
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£ |
£ |
£ |
£ |
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Accelerated capital allowances |
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– |
– |
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------------ |
------------ |
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Group |
Company |
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2024 |
2023 |
2024 |
2023 |
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£ |
£ |
£ |
£ |
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Deferred government grants due within one year |
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– |
– |
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Deferred government grants due after more than one year |
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– |
– |
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------------ |
------------ |
------------ |
------------ |
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– |
– |
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------------ |
------------ |
------------ |
------------ |
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Government grants released to profit or loss |
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– |
– |
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------------ |
------------ |
------------ |
------------ |
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2024 |
2023 |
|||
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No. |
£ |
No. |
£ |
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3,000 |
|
3,000 |
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------------ |
------------ |
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------------ |
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At 1 Oct 2023 |
Cash flows |
At 30 Sep 2024 |
|
|
£ |
£ |
£ |
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Cash at bank and in hand |
|
(3,363,208) |
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------------ |
------------ |
------------ |
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