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Consolidated Reports and 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 4 |
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Directors' report |
5 to 6 |
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Independent auditor's report to the members |
7 to 10 |
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Consolidated statement of income and retained earnings |
11 |
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Company statement of income and retained earnings |
12 |
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Consolidated statement of financial position |
13 |
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Company statement of financial position |
14 |
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Consolidated statement of cash flows |
15 |
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Notes to the consolidated reports and financial statements |
16 to 26 |
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Officers and Professional Advisers |
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The board of directors |
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Registered office |
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Auditor |
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Chartered Accountants & statutory auditors |
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3 Pleshey Lodge Offices, |
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Pump Lane, |
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Pleshey, Chelmsford, |
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Essex, CM31HF |
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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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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 auditors |
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3 Pleshey Lodge Offices, |
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Pump Lane, |
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Pleshey, Chelmsford, |
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Essex, CM31HF |
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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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(
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------------- |
------------- |
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Gross profit |
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Administrative expenses |
(
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(
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------------ |
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Operating profit |
5 |
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Other interest receivable and similar income |
8 |
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Non-trading foreign exchange (losses)/gains |
(
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(
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Interest payable and similar expenses |
9 |
(
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(
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Profit before taxation |
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Tax on profit |
10 |
(
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(
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------------ |
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Profit for the financial year and total comprehensive income |
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Dividends paid and payable |
11 |
(
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(
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Retained earnings at the start of the year |
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------------- |
------------- |
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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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Dividends paid and payable |
11 |
(
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(
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Retained earnings at the start of the year |
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Retained earnings at the end of the year |
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Consolidated Statement of Financial Position |
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2024 |
2023 |
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Note |
£ |
£ |
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Tangible assets |
12 |
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Investments |
13 |
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Debtors |
14 |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
15 |
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Net current assets |
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Total assets less current liabilities |
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Taxation including deferred tax |
16 |
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Net assets |
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Called up share capital |
19 |
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Profit and loss account |
20 |
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Shareholders funds |
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Director |
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Company Statement of Financial Position |
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2024 |
2023 |
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Note |
£ |
£ |
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Tangible assets |
12 |
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Investments |
13 |
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Debtors |
14 |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
15 |
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Net current assets |
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Total assets less current liabilities |
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Taxation including deferred tax |
16 |
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------------ |
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Net assets |
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Called up share capital |
19 |
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Profit and loss account |
20 |
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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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Other interest receivable and similar income |
(
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(
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Interest payable and similar expenses |
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Tax on profit |
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Accrued expenses/(income) |
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(
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Changes in: |
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Trade and other debtors |
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Trade and other creditors |
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(
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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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------------ |
------------ |
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Net cash from operating activities |
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------------ |
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Purchase of tangible assets |
(
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(
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Acquisition of subsidiaries |
(
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– |
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------------ |
------------ |
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Net cash used in investing activities |
(
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(
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------------ |
------------ |
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Proceeds from loans from group undertakings |
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(
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Dividends paid |
(
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(
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------------ |
------------ |
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Net cash used in financing activities |
(
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(
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------------ |
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Net increase/(decrease) in cash and cash equivalents |
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(
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Cash and cash equivalents at beginning of year |
5,803,490 |
5,972,315 |
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Cash and cash equivalents at end of year |
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Notes to the Consolidated Reports and Financial Statements |
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Fixtures and fittings |
- |
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2024 |
2023 |
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£ |
£ |
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Freight forwarding |
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------------- |
------------- |
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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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Depreciation of tangible assets |
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Foreign exchange differences |
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Fees payable for the audit of the consolidated reports and financial statements |
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-------- |
-------- |
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2024 |
2023 |
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No. |
No. |
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Administrative staff |
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Management staff |
3 |
3 |
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Number of operational 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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--------- |
--------- |
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2024 |
2023 |
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£ |
£ |
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Aggregate remuneration |
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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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Other interest payable and similar charges |
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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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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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Adjustment to tax charge in respect of prior periods |
– |
(
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Effect of expenses not deductible for tax purposes |
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Effect of capital allowances and depreciation |
(
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Rounding on tax charge |
– |
17 |
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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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Group |
Investment property |
Fixtures and fittings |
Total |
|
£ |
£ |
£ |
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Cost |
|||
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At 1 January 2024 |
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Additions |
– |
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Disposals |
– |
(
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(
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------------ |
-------- |
------------ |
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At 31 December 2024 |
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------------ |
-------- |
------------ |
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Depreciation |
|||
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At 1 January 2024 |
– |
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Charge for the year |
– |
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Disposals |
– |
(
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(
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------------ |
-------- |
------------ |
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At 31 December 2024 |
– |
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------------ |
-------- |
------------ |
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Carrying amount |
|||
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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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Company |
Investment property |
Fixtures and fittings |
Total |
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£ |
£ |
£ |
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Cost |
|||
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At 1 January 2024 and 31 December 2024 |
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------------ |
-------- |
------------ |
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Depreciation |
|||
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At 1 January 2024 and 31 December 2024 |
– |
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------------ |
-------- |
------------ |
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Carrying amount |
|||
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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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Group |
Shares in group undertakings |
|
£ |
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Cost |
|
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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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Impairment |
|
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At 1 January 2024 and 31 December 2024 |
– |
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-------- |
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Carrying amount |
|
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At 31 December 2024 |
|
|
-------- |
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At 31 December 2023 |
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-------- |
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Company |
Shares in group undertakings |
|
£ |
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Cost |
|
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At 1 January 2024 |
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Additions |
|
|
--------- |
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At 31 December 2024 |
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|
--------- |
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Impairment |
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At 1 January 2024 and 31 December 2024 |
– |
|
--------- |
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Carrying amount |
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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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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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Capital and reserves |
Profit/(loss) for the year |
|||
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2024 |
2023 |
2024 |
2023 |
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|
£ |
£ |
£ |
£ |
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Subsidiary undertakings |
||||
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|
219,413 |
219,413 |
|
60,097 |
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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 undertakings |
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Prepayments and accrued income |
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Directors loan account |
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– |
– |
– |
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Loan to company under common control |
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Other debtors |
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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 creditors |
|
|
– |
– |
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Amounts owed to group undertakings |
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|
– |
– |
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Accruals and deferred income |
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Corporation tax |
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|
– |
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Social security and other taxes |
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Director loan accounts |
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– |
– |
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------------ |
------------ |
-------- |
-------- |
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------------ |
------------ |
-------- |
-------- |
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Group and company |
Deferred tax (note 17) |
|
£ |
|
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At 1 January 2024 and 31 December 2024 |
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|
--------- |
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Group |
Company |
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2024 |
2023 |
2024 |
2023 |
|
|
£ |
£ |
£ |
£ |
|
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Included in provisions (note 16) |
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--------- |
--------- |
--------- |
--------- |
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Group |
Company |
|||
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2024 |
2023 |
2024 |
2023 |
|
|
£ |
£ |
£ |
£ |
|
|
Fair value adjustment of investment property |
|
|
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--------- |
--------- |
--------- |
--------- |
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|
2024 |
2023 |
|||
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No. |
£ |
No. |
£ |
|
|
|
|
140,000 |
|
140,000 |
|
--------- |
--------- |
--------- |
--------- |
|
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At 1 Jan 2024 |
Cash flows |
At 31 Dec 2024 |
|
|
£ |
£ |
£ |
|
|
Cash at bank and in hand |
|
1,865,960 |
|
|
Debt due within one year |
(2,249,173) |
(120,786) |
(2,369,959) |
|
------------ |
------------ |
------------ |
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------------ |
------------ |
------------ |
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Group |
Company |
|||
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2024 |
2023 |
2024 |
2023 |
|
|
£ |
£ |
£ |
£ |
|
|
Not later than 1 year |
– |
|
– |
– |
|
---- |
-------- |
---- |
---- |
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Notes to the Consolidated Reports and Financial Statements (continued) |
| Total | ||
| £ | ||
| R Bucci |
|
|
| D Gnerre |
|
|
| --------- | ||
| 396,727 | ||
| --------- | ||
| Total | ||
| £ | ||
| R Bucci |
|
|
| D Gnerre |
|
|
| --------- | ||
| 396,727 | ||
| --------- | ||
| 2024 | 2023 | ||
| £ | £ | ||
| SCI Bucci Saint Michel (Company under common control) | 652,812 | 684,493 | |
| Roberto Bucci SpA (Group company) | (
|
(
|
|
| 2024 | 2023 | ||
| £ | £ | ||
| European Liner Agencies Limited (Subsidiary) |
|
|
|
| SCI Bucci Saint Michel (Company under common control) |
|
|
|
| Bucci Freight Services Limited (Subsidiary) |
|
|
|