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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 |
3 |
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Independent auditor's report to the members |
5 |
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Statement of comprehensive income |
9 |
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Statement of financial position |
10 |
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Statement of changes in equity |
12 |
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Notes to the financial statements |
13 |
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Strategic Report |
| 2024 | 2023 | 2022 | ||
| £ | £ | £ | ||
| Turnover | 12,159,442 | 10,631,612 | 11,406,778 | |
| Gross profit | 1,566,551 | 1,412,750 | 1,125,634 | |
| Gross profit margin | 13 | 13 | 10 | |
| EBITDA | 1,025,782 | 1,163,996 | 802,348 | |
| Asset cover | 3 | 2 | 3 | |
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Director |
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Directors' Report |
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Director |
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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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4A Brecon Court |
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William Brown Close |
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Llantarnam Industrial Park |
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NP44 3AB |
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Statement of Comprehensive Income |
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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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Operating profit |
5 |
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Other interest receivable and similar income |
9 |
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Interest payable and similar expenses |
10 |
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Profit before taxation |
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Tax on profit |
11 |
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--------- |
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Profit for the financial year and total comprehensive income |
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--------- |
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Statement of Financial Position |
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2024 |
2023 |
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Note |
£ |
£ |
£ |
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Tangible assets |
13 |
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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 |
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Trade creditors |
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Amounts owed to group undertakings |
– |
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Other creditors including taxation and social security |
16 |
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Accruals and deferred income |
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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 |
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Bank loans and overdrafts |
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Other creditors including taxation and social security |
17 |
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Taxation including deferred tax |
19 |
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Net assets |
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Called up share capital |
22 |
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Profit and loss account |
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Shareholders funds |
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Statement of Financial Position (continued) |
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Director |
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Statement of Changes in Equity |
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Called up share capital |
Profit and loss account |
Total |
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£ |
£ |
£ |
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At 1 January 2023 |
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Profit for the year |
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---- |
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Total comprehensive income for the year |
– |
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Dividends paid and payable |
12 |
– |
(
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(
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---- |
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Total investments by and distributions to owners |
– |
(
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(
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At 31 December 2023 |
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Profit for the year |
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---- |
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Total comprehensive income for the year |
– |
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Issue of shares |
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– |
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Dividends paid and payable |
12 |
– |
(
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(
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---- |
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Total investments by and distributions to owners |
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(
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(
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------- |
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At 31 December 2024 |
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------- |
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Notes to the Financial Statements |
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Plant and machinery |
- |
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Equipment |
- |
25% straight line |
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2024 |
2023 |
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£ |
£ |
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Depreciation of tangible assets |
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Gains on disposal of tangible assets |
– |
(
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Impairment of trade debtors |
61,084 |
1,889 |
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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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------- |
------- |
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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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---- |
---- |
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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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------------ |
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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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--------- |
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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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---- |
---- |
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2024 |
2023 |
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£ |
£ |
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Interest on banks loans and overdrafts |
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Interest on obligations under finance leases and hire purchase contracts |
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-------- |
-------- |
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-------- |
-------- |
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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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--------- |
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Origination and reversal of timing differences |
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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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Dividends on equity shares |
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--------- |
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Plant and machinery |
Equipment |
Total |
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£ |
£ |
£ |
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Cost |
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At 1 January 2024 |
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12,277 |
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Additions |
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3,255 |
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------------ |
-------- |
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At 31 December 2024 |
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15,532 |
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------------ |
-------- |
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Depreciation |
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At 1 January 2024 |
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12,277 |
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Charge for the year |
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387 |
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------------ |
-------- |
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At 31 December 2024 |
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12,664 |
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------------ |
-------- |
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Carrying amount |
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At 31 December 2024 |
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2,868 |
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------------ |
-------- |
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At 31 December 2023 |
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– |
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------------ |
-------- |
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Plant and machinery |
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£ |
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At 31 December 2024 |
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--------- |
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At 31 December 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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Other debtors |
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------------ |
------------ |
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------------ |
------------ |
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2024 |
2023 |
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£ |
£ |
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Corporation tax |
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Social security and other taxes |
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Obligations under finance leases |
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Director loan accounts |
– |
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--------- |
--------- |
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--------- |
--------- |
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2024 |
2023 |
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£ |
£ |
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Obligations under finance leases |
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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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Less: future finance charges |
(
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(
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--------- |
--------- |
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Present value of minimum lease payments |
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--------- |
--------- |
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Deferred tax (note 20) |
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£ |
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At 1 January 2024 |
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Additions |
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--------- |
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At 31 December 2024 |
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--------- |
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2024 |
2023 |
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£ |
£ |
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Included in provisions (note 19) |
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--------- |
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2024 |
2023 |
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No. |
£ |
No. |
£ |
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1,000 |
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100 |
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30 |
– |
– |
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30 |
– |
– |
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------- |
------- |
---- |
---- |
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------- |
------- |
---- |
---- |
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2024 |
||||
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Balance brought forward |
Advances/ (credits) to the directors |
Balance outstanding |
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£ |
£ |
£ |
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(
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– |
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-------- |
-------- |
---- |
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2023 |
||||
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Balance brought forward |
Advances/ (credits) to the directors |
Balance outstanding |
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£ |
£ |
£ |
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(
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(
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(
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-------- |
-------- |
-------- |
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