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FINANCIAL STATEMENTS |
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CONTENTS |
PAGES |
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Officers and professional advisers |
1 |
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Strategic report |
2 to 6 |
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Directors' report |
7 to 9 |
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Independent auditor's report to the members |
10 to 13 |
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Statement of comprehensive income |
14 |
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Statement of financial position |
15 |
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Statement of changes in equity |
16 |
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Statement of cash flows |
17 |
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Notes to the financial statements |
18 to 27 |
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OFFICERS AND PROFESSIONAL ADVISERS |
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THE BOARD OF DIRECTORS |
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COMPANY SECRETARY |
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REGISTERED OFFICE |
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AUDITOR |
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Chartered Accountants & Statutory Auditor |
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Headlands House |
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1 Kings Court |
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Kettering Parkway |
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Kettering |
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NN15 6WJ |
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STRATEGIC REPORT |
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Director |
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Registered office: |
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DIRECTORS' REPORT |
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Unit |
2024 |
2023 |
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Emissions resulting from activities for which the company is responsible |
tCO2e |
877 |
908 |
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Emissions resulting from the purchase of electricity by the company for its own use |
tCO2e |
370 |
302 |
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Total emissions |
tCO2e |
1,247 |
1,210 |
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Total energy consumption |
kWh |
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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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Headlands House |
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1 Kings Court |
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Kettering Parkway |
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Kettering |
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NN15 6WJ |
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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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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 |
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Revaluation of freehold property |
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– |
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TOTAL COMPREHENSIVE INCOME FOR 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 |
14 |
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– |
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Tangible assets |
15 |
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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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PROVISIONS |
19 |
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NET ASSETS |
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Called up share capital fully paid |
22 |
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Other reserves, including the fair value reserve |
23 |
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– |
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Profit and loss account |
23 |
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SHAREHOLDERS FUNDS |
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Director |
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STATEMENT OF CHANGES IN EQUITY |
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Called up share capital fully paid |
Other reserves, including the fair value reserve |
Profit and loss account |
Total |
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£ |
£ |
£ |
£ |
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AT 1 OCTOBER 2022 |
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– |
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Profit for the year |
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TOTAL COMPREHENSIVE INCOME FOR THE YEAR |
– |
– |
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Dividends paid and payable |
13 |
– |
– |
(
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(
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TOTAL INVESTMENTS BY AND DISTRIBUTIONS TO OWNERS |
– |
– |
(
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(
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AT 30 SEPTEMBER 2023 |
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– |
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Profit for the year |
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Other comprehensive income for the year: |
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Revaluation of freehold property |
– |
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– |
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TOTAL COMPREHENSIVE INCOME FOR THE YEAR |
– |
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Dividends paid and payable |
13 |
– |
– |
(
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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 30 SEPTEMBER 2024 |
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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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Fair value adjustment of investment property |
(
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– |
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Other interest receivable and similar income |
(
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(
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Interest payable and similar expenses |
– |
(
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Gains on disposal of tangible assets |
– |
(
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Tax on profit |
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Accrued income |
(
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(
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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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Trade and other creditors |
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Cash generated from operations |
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Interest paid |
– |
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Interest received |
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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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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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Repayments of borrowings |
– |
(
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Dividends paid |
(
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(
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Proceeds and repayments from directors |
(
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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 DECREASE IN CASH AND CASH EQUIVALENTS |
(
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(
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CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR |
4,670,813 |
10,087,292 |
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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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Short leasehold property |
- |
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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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2024 |
2023 |
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£ |
£ |
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Sale of goods |
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2024 |
2023 |
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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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2024 |
2023 |
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£ |
£ |
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Other operating income |
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--------- |
--------- |
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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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Fair value adjustments to investment property |
(
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– |
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Impairment of trade debtors |
9,050 |
16,610 |
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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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Management staff |
20 |
19 |
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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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---- |
------- |
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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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------------ |
------------ |
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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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--------- |
------------ |
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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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------------ |
------------ |
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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 capital allowances and depreciation |
– |
(
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Rounding on tax charge |
– |
(
28) |
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R&D Tax Credits |
(
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(
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Unrealised gain on revaluation of investment properties |
50,088
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– |
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Revaluation on revlation of investment properties |
(55,883)
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– |
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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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Dividends paid during the year (excluding those for which a liability existed at the end of the prior year ) |
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--------- |
------------ |
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Goodwill |
Website |
Total |
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£ |
£ |
£ |
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Cost |
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At 1 October 2023 |
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– |
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Additions |
– |
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-------- |
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At 30 September 2024 |
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-------- |
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Amortisation |
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At 1 October 2023 and 30 September 2024 |
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– |
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Carrying amount |
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At 30 September 2024 |
– |
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--------- |
-------- |
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At 30 September 2023 |
– |
– |
– |
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At 1 October 2023 |
Additions |
Revaluation |
At 30 September 2024 |
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£ |
£ |
£ |
£ |
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Cost or valuation |
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Freehold property |
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Short leasehold property |
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– |
– |
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Plant and machinery |
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– |
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Fixtures and fittings |
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– |
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Motor vehicles |
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– |
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Equipment |
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– |
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Investment property |
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– |
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------------- |
------------ |
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------------- |
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At 1 October 2023 |
Charge for the year |
At 30 September 2024 |
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£ |
£ |
£ |
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Depreciation |
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Freehold property |
– |
– |
– |
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Short leasehold property |
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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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------------- |
------------ |
------------ |
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------------- |
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At 30 September 2024 |
At 30 September 2023 |
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£ |
£ |
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Carrying amount |
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Freehold property |
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Short leasehold property |
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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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Investment property |
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------------- |
------------- |
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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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Work in progress |
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------------ |
------------ |
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------------ |
------------ |
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2024 |
2023 |
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£ |
£ |
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Trade debtors |
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Prepayments and accrued income |
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Corporation tax repayable |
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– |
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Director loan accounts |
850,205
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673,229
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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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Payments received on account |
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Trade creditors |
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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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Deferred tax (note 20) |
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£ |
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At 1 October 2023 |
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Additions |
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--------- |
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At 30 September 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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£ |
£ |
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Accelerated capital allowances |
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Fair value adjustment of investment property |
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– |
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--------- |
--------- |
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535,505 |
399,385 |
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--------- |
--------- |
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2024 |
2023 |
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No. |
£ |
No. |
£ |
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90 |
|
90 |
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|
10 |
|
10 |
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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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£ |
£ |
£ |
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Cash at bank and in hand |
|
(784,342) |
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Debt due within one year |
(361,869) |
88,364 |
(273,505) |
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------------ |
--------- |
------------ |
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(
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------------ |
--------- |
------------ |
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NOTES TO THE FINANCIAL STATEMENTS (continued) |
|
2024 |
2023 |
|
|
£ |
£ |
|
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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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Later than 5 years |
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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 |
Amounts repaid |
Balance outstanding |
||
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£ |
£ |
£ |
£ |
||
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(
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--------- |
--------- |
--------- |
--------- |
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2023 |
|||||
|
Balance brought forward |
Advances/ (credits) to the directors |
Amounts repaid |
Balance outstanding |
||
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£ |
£ |
£ |
£ |
||
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|
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|
(
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--------- |
--------- |
--------- |
--------- |
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