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Financial Statements |
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Contents |
Page |
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Strategic report |
1 |
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Director's report |
2 |
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Independent auditor's report to the member |
4 |
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Statement of income and retained earnings |
8 |
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Statement of financial position |
9 |
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Statement of cash flows |
10 |
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Accounting policies |
11 |
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Notes to the financial statements |
13 |
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Strategic Report |
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Director |
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Registered office: |
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Middlesex |
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Director's Report |
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Director |
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Registered office: |
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Middlesex |
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Independent Auditor's Report to the Member 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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269 Farnborough Road |
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Farnborough |
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Hampshire |
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GU14 7LY |
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Statement of Income and Retained Earnings |
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2024 |
2023 |
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Note |
£ |
£ |
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Turnover |
3 |
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Cost of sales |
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------------- |
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Gross profit |
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Administrative expenses |
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------------ |
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Operating profit |
4 |
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Other interest receivable and similar income |
8 |
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Interest payable and similar expenses |
9 |
– |
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Profit before taxation |
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Tax on profit |
10 |
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Profit for the financial year and total comprehensive income |
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------------ |
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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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------------ |
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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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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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------------ |
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Net current assets |
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------------ |
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Total assets less current liabilities |
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Provisions |
16 |
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– |
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------------ |
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Net assets |
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Called up share capital |
20 |
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Profit and loss account |
21 |
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Shareholder funds |
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------------ |
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Director |
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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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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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(
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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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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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------------ |
------------ |
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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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------------ |
------------ |
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Net cash used in investing activities |
(
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(
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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 decrease in cash and cash equivalents |
(
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(
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Cash and cash equivalents at beginning of year |
1,901,120 |
2,054,663 |
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Cash and cash equivalents at end of year |
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------------ |
------------ |
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Accounting Policies |
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Plant and machinery |
- |
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Fixtures and fittings |
- |
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Notes to the Financial Statements |
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2024 |
2023 |
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£ |
£ |
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Rendering of services |
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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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Gains on disposal of tangible assets |
(
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(
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Impairment of trade debtors |
– |
245 |
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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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-------- |
-------- |
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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 payable |
– |
12,669 |
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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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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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(
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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 |
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£ |
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Cost |
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At 1 November 2023 and 31 October 2024 |
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-------- |
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Amortisation |
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At 1 November 2023 and 31 October 2024 |
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-------- |
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Carrying amount |
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At 31 October 2024 |
– |
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-------- |
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At 31 October 2023 |
– |
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-------- |
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Plant and machinery |
Fixtures and fittings |
Total |
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£ |
£ |
£ |
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Cost |
|||
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At 1 November 2023 |
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Additions |
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------------ |
-------- |
------------ |
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At 31 October 2024 |
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------------ |
-------- |
------------ |
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Depreciation |
|||
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At 1 November 2023 |
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Charge for the year |
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------------ |
-------- |
------------ |
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At 31 October 2024 |
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------------ |
-------- |
------------ |
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Carrying amount |
|||
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At 31 October 2024 |
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------------ |
-------- |
------------ |
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At 31 October 2023 |
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------------ |
-------- |
------------ |
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2024 |
2023 |
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£ |
£ |
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Trade debtors |
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Deferred tax asset |
– |
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Prepayments and accrued income |
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Corporation tax repayable |
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– |
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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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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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Other creditors |
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------------ |
------------ |
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------------ |
------------ |
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Deferred tax (note 17) |
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|
£ |
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At 1 November 2023 |
– |
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Additions |
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-------- |
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At 31 October 2024 |
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-------- |
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2024 |
2023 |
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£ |
£ |
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Included in debtors (note 14) |
– |
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Included in provisions (note 16) |
(
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– |
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-------- |
-------- |
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(
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-------- |
-------- |
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2024 |
2023 |
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£ |
£ |
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Deferred tax -effect of differences of capital allowances and depreciation |
31,162 |
(13,780) |
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-------- |
-------- |
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2024 |
2023 |
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£ |
£ |
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Financial assets measured at fair value through profit or loss |
1,883,992 |
1,901,120 |
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------------ |
------------ |
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2024 |
2023 |
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No. |
£ |
No. |
£ |
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100 |
|
100 |
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---- |
---- |
---- |
---- |
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At 1 Nov 2023 |
Cash flows |
At 31 Oct 2024 |
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|
£ |
£ |
£ |
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Cash at bank and in hand |
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(17,128) |
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------------ |
-------- |
------------ |
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