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Director
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11 June 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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| 2024 | 2023 as restated |
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| Notes | £ | £ | ||
| 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 |
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| OPERATING PROFIT | 6 |
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| Loss on disposal of fixed assets |
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| Amounts written off investments |
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| Other interest receivable and similar income | 11 |
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| Interest payable and similar charges | 12 |
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| PROFIT BEFORE TAXATION |
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| Tax on Profit | 13 |
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| PROFIT AFTER TAXATION BEING PROFIT FOR THE FINANCIAL YEAR |
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| OTHER COMPREHENSIVE INCOME: | ||||
| Gain/(loss) on revaluation of property, plant and equipment |
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| Gain/(loss) on revaluation of other assets |
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| TOTAL COMPREHENSIVE INCOME FOR THE YEAR |
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| 2024 | 2023 as restated |
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|---|---|---|---|---|---|
| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Intangible Assets | 15 |
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| Tangible Assets | 16 |
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| CURRENT ASSETS | |||||
| Stocks | 17 |
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| Debtors | 18 |
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| Cash at bank and in hand |
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| Creditors: Amounts Falling Due Within One Year | 19 |
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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 | 20 |
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| PROVISIONS FOR LIABILITIES | |||||
| Deferred Taxation | 22 |
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| NET ASSETS |
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| CAPITAL AND RESERVES | |||||
| Called up share capital | 23 |
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| Revaluation reserve | 28 |
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| Income Statement |
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| SHAREHOLDERS' FUNDS | 20,830,115 | 17,575,694 | |||
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Director
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| Share Capital | Revaluation reserve | Income Statement | Total | |
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| £ | £ | £ | £ | |
| As at 1 October 2022 |
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20,993,017 |
| Profit for year | - | - | 1,954,666 |
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| Surplus on revaluation | - |
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- |
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| Deficit on revaluation | - | (219) | - | (219) |
| Deferred tax provision on revalued assets | - |
( |
- | (4,478,185) |
| Other comprehensive income for the year | - |
( |
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( |
| Total comprehensive income for the year | - | (4,121,990) |
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(2,167,324) |
| Dividends paid | - | - | (1,249,999) | (1,249,999) |
| As at 30 September 2023 and 1 October 2023 as restated |
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17,575,694 |
| Profit for year | - | - | 2,185,580 |
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| Surplus on revaluation | - |
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- |
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| Deferred tax provision on revalued assets | - |
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- | (912,616) |
| Other comprehensive income for the year | - |
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| Total comprehensive income for the year | - | 2,568,840 |
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4,754,420 |
| Dividends paid | - | - | (1,499,999) | (1,499,999) |
| As at 30 September 2024 |
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20,830,115 |
| 2024 | 2023 as restated |
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| Notes | £ | £ | ||
| Cash flows from operating activities | ||||
| Net cash generated from operations | 1 |
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| Interest refunded/(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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| Proceeds from disposal of investment in subsidiary undertaking |
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| Proceeds from disposal of other fixed asset investments |
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| Grants received |
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| Interest received |
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| Net cash generated from/(used in) investing activities |
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| Cash flows from financing activities | ||||
| Equity dividends paid |
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| Repayment of bank borrowings |
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| Repayment of finance leases |
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| Amount introduced by directors | - | 125,628 | ||
| Amount withdrawn by directors | (15,190) | - | ||
| Net cash used in financing activities |
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| 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 as restated |
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| £ | £ | ||
| Profit for the financial year |
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| Adjustments for: | |||
| Tax on profit |
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| Interest expense |
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| Interest income |
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| Income from shares in group undertakings | - | 100 | |
| Depreciation of tangible assets |
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| Provisions of fixed asset investments | - | 100 | |
| Loss on disposal of tangible assets | 2,876 | 7,322 | |
| Grant income | - | (8,347) | |
| Movements in working capital: | |||
| (Increase)/decrease in stocks |
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| Increase in trade and other debtors |
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| (Decrease)/increase in trade and other creditors |
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| Net cash generated from operations |
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| 2024 | 2023 as restated |
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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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329,925 |
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| Finance leases | (24,778) | 24,778 | - |
| Debts falling due within one year |
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61,017 |
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| Debts falling due after more than one year | (54,518) | 54,518 | - |
| 3,190,041 | 470,238 | 3,660,279 | |
| Freehold |
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| Leasehold |
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| Plant and machinery |
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| Motor vehicles |
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| Fixtures and fittings |
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| 2024 | 2023 as restated |
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| £ | £ | ||
| Rendering of services | 1,960,710 | 1,796,308 | |
| Sale of goods | 9,660,470 | 8,733,437 | |
| 11,621,180 | 10,529,745 | ||
| 2024 | 2023 as restated |
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| £ | £ | ||
| Grant income | - |
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| Other operating income |
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| 50,954 | 48,347 | ||
| 2024 | 2023 as restated |
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|---|---|---|---|
| £ | £ | ||
| Depreciation of tangible fixed assets |
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| 2024 | 2023 as restated |
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| £ | £ | ||
| Audit Services | |||
| Audit of the company's financial statements |
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| Other Services | |||
| Taxation compliance service |
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| 2024 | 2023 as restated |
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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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| 2024 | 2023 | ||
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| Office and administration |
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| Sales, marketing and distribution |
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| 2024 | 2023 as restated |
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| £ | £ | ||
| Emoluments |
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| Amounts paid to third parties in respect of directors' services |
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| 2024 | 2023 as restated |
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| £ | £ | ||
| Emoluments |
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| Company contributions to defined benefit pension schemes |
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| 2024 | 2023 as restated |
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| £ | £ | ||
| Bank interest receivable |
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| 2024 | 2023 as restated |
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| £ | £ | ||
| Bank loans and overdrafts |
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| Interest payable on hire purchase and finance lease contracts |
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| (2,907) | 13,400 | ||
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The tax charge on the profit for the year was as follows:
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| Tax Rate | 2024 | 2023 as restated |
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| 2024 | 2023 | £ | £ | ||
| Current tax | |||||
| UK Corporation Tax | 25.0% | 22.0% |
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| Prior period adjustment |
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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 | ||||
| £ | £ | ||||
| Profit before tax | 2,978,503 | 2,492,462 | |||
| 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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( |
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| Short term timing differences |
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| Prior period adjustment |
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| Difference in tax rates |
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| Total tax charge for the period | 792,923 | 537,796 | |||
| Other | |||
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| £ | |||
| Cost or Valuation | |||
| As at 1 October 2023 |
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| Revaluations |
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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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| Land & Property | ||||
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| Freehold | Leasehold | Plant and machinery | Motor vehicles | |
| £ | £ | £ | £ | |
| Cost or Valuation | ||||
| As at 1 October 2023 |
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| Additions |
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| Disposals |
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| Revaluation |
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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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| Disposals |
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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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| Fixtures and fittings | Memorabilia | Total | |
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| £ | £ | £ | |
| Cost or Valuation | |||
| As at 1 October 2023 |
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| Additions |
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| Disposals |
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| Revaluation |
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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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| Disposals |
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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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| Land & Property | ||||
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| Freehold | Leasehold | Plant and machinery | Motor vehicles | |
| £ | £ | £ | £ | |
| At cost | 130,619 | 2,521,320 | 253,030 | 364,442 |
| At valuation | 27,899 | 63,659 | - | 170,685 |
| 158,518 | 2,584,979 | 253,030 | 535,127 | |
| Fixtures and fittings | Memorabilia | Total | |
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| £ | £ | £ | |
| At cost | 12,125 | 218,072 | 3,499,608 |
| At valuation | - | 136,576 | 398,819 |
| 12,125 | 354,648 | 3,898,427 | |
| Land & Property | |||||
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| Freehold | Leasehold | Motor vehicles | Memorabilia | Total | |
| £ | £ | £ | £ | £ | |
| Cost | 130,619 | 2,521,320 | 364,442 | 218,072 | 3,234,453 |
| Accumulated depreciation and impairment | 53,311 | 790,439 | 364,442 | - | 1,208,192 |
| Carrying amount |
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| 2024 | 2023 as restated |
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| £ | £ | ||
| Stock |
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| 2024 | 2023 as restated |
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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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| 2024 | 2023 as restated |
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| £ | £ | ||
| 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 | 736,190 | 779,028 | |
| Corporation tax |
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| Taxation and social security | 445,983 | 435,381 | |
| Accruals and deferred income |
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| 2024 | 2023 as restated |
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| £ | £ | ||
| Bank loans | - |
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| 2024 | 2023 as restated |
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| £ | £ | ||
| The future minimum finance lease payments are as follows: | |||
| Not later than one year | - |
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| 2024 | 2023 as restated |
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| £ | £ | ||
| Other timing differences | 5,464,116 | 4,546,576 | |
| 2024 | 2023 as restated |
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| £ | £ | ||
| 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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| 2024 | 2023 as restated |
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| £ | £ | ||
| On equity shares: | |||
| Final dividend paid |
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