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31 December 2024
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31 December 2023
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Turnover
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£15,790,030
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£14,232,564
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Gross Profit
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£7,296,314
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£6,657,176
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GPM%
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46.2%
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46.8%
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EBITDA
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£2,914,116
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£3,267,768
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Bank and Cash
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£1,477,833
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£1,392,861
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Current Ratio
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1.54
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1.22
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Debtor Days
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37 days
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56 days
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Director
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08/08/2025
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Director
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for and on behalf of
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Suite 2, 2 Mannin Way
Lancaster Business Park
Caton Road
Lancaster
LA1 3SU
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| 2024 | 2023 | |||
|---|---|---|---|---|
| Notes | £ | £ | ||
| TURNOVER | 3 |
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| Cost of sales |
( |
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| GROSS PROFIT |
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| Administrative expenses |
( |
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| Other operating income |
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| OPERATING PROFIT |
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| Profit on disposal of fixed assets |
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| Other interest receivable and similar income | 9 |
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| Interest payable and similar charges | 10 |
( |
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| PROFIT BEFORE TAXATION |
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| Tax on Profit | 11 |
( |
( |
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| PROFIT AFTER TAXATION BEING PROFIT FOR THE FINANCIAL YEAR ATTRIBUTABLE TO THE OWNERS OF THE PARENT |
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| 2024 | 2023 | ||||
|---|---|---|---|---|---|
| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Intangible Assets | 12 |
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| Tangible Assets | 13 |
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| CURRENT ASSETS | |||||
| Stocks | 15 |
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| Debtors | 16 |
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| Cash at bank and in hand |
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| Creditors: Amounts Falling Due Within One Year | 17 |
( |
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| NET CURRENT ASSETS (LIABILITIES) |
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| TOTAL ASSETS LESS CURRENT LIABILITIES |
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| Creditors: Amounts Falling Due After More Than One Year | 18 |
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| PROVISIONS FOR LIABILITIES | |||||
| Deferred Taxation | 19 |
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| NET ASSETS |
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| CAPITAL AND RESERVES | |||||
| Called up share capital | 21 |
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| Profit and Loss Account |
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| SHAREHOLDERS' FUNDS | 4,873,748 | 4,388,123 | |||
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Director
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| 2024 | 2023 | ||||
|---|---|---|---|---|---|
| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Investments | 14 |
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| CURRENT ASSETS | |||||
| Debtors | 16 |
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| Cash at bank and in hand |
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| Creditors: Amounts Falling Due Within One Year | 17 |
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| NET CURRENT ASSETS (LIABILITIES) |
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| TOTAL ASSETS LESS CURRENT LIABILITIES |
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| NET ASSETS |
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| CAPITAL AND RESERVES | |||||
| Called up share capital | 21 |
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| Profit and Loss Account |
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| SHAREHOLDERS' FUNDS | 3,467,311 | 3,511,950 | |||
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Director
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| Share Capital | Profit and Loss Account | Total | |
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| £ | £ | £ | |
| As at 1 January 2023 |
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3,529,238 |
| Profit for the year and total comprehensive income | - |
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2,058,885 |
| Dividends paid | - | (1,200,000) | (1,200,000) |
| As at 31 December 2023 and 1 January 2024 |
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4,388,123 |
| Profit for the year and total comprehensive income | - |
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1,885,625 |
| Dividends paid | - | (1,250,000) | (1,250,000) |
| As at 31 December 2024 |
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4,873,748 |
| Share Capital | Profit and Loss Account | Total | |
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| £ | £ | £ | |
| As at 1 January 2023 |
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( |
3,415,677 |
| Profit for the year and total comprehensive income | - |
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1,296,273 |
| Dividends paid | - | (1,200,000) | (1,200,000) |
| As at 31 December 2023 and 1 January 2024 |
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3,511,950 |
| Profit for the year and total comprehensive income | - |
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1,355,361 |
| Dividends paid | - | (1,250,000) | (1,250,000) |
| As at 31 December 2024 |
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3,467,311 |
| 2024 | 2023 | |||
|---|---|---|---|---|
| Notes | £ | £ | ||
| Cash flows from operating activities | ||||
| Net cash generated from operations | 1 |
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| Interest paid |
( |
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| Tax paid |
( |
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| Interest Received | 28,278 | 2,966 | ||
| Net cash generated from operating activities |
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| Cash flows from investing activities | ||||
| Purchase of tangible assets |
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| Proceeds from disposal of tangible assets |
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| Net cash used in investing activities |
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| Cash flows from financing activities | ||||
| Purchase/redemption of own shares |
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| Equity dividends paid |
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| Proceeds from new bank borrowings |
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| Repayment of finance leases |
( |
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| Amount withdrawn by directors | (853,056) | (450,857) | ||
| Government Grant Income | 1,980 | 1,980 | ||
| Net cash used in financing activities |
( |
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| Increase/(decrease) in cash and cash equivalents |
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| Cash and cash equivalents at beginning of year | 2 |
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| Cash and cash equivalents at end of year | 2 |
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| 2024 | 2023 | ||
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| £ | £ | ||
| Profit for the financial year |
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| Adjustments for: | |||
| Interest expense |
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| Interest income |
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| Amortisation of intangible assets |
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| Depreciation of tangible assets |
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| Profit on disposal of tangible assets | (51,141) | (12,534) | |
| Grant income | (1,980) | (1,980) | |
| Movements in working capital: | |||
| (Increase)/decrease in stocks |
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| Decrease/(increase) in trade and other debtors |
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| (Decrease)/increase in trade and other creditors |
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| Tax on profit/(loss) | 540,166 | 748,087 | |
| Net cash generated from operations |
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| 2024 | 2023 | ||
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| £ | £ | ||
| Cash at bank and in hand |
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| As at 1 January 2024 | Cash flows | As at 31 December 2024 | |
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| £ | £ | £ | |
| Cash at bank and in hand |
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84,972 |
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| Plant & Machinery |
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| Motor Vehicles |
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| Fixtures & Fittings |
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| Computer Equipment |
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2024
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2023
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£
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£
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Bad Debts
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19,610
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(2,123)
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Depreciation of tangible assets
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238,769
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179,325
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Amortisation of intangible fixed assets
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300,738
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302,994
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| 2024 | 2023 | ||
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| £ | £ | ||
| Grant income |
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| 1,980 | 1,980 | ||
| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Audit Services | |||
| Audit of the company's financial statements |
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| Group | Company | ||||||
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| 2024 | 2023 | 2024 | 2023 | ||||
| £ | £ | £ | £ | ||||
| Wages and salaries |
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| Social security costs |
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| Other pension costs |
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| Group | Company | ||||||
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| 2024 | 2023 | 2024 | 2023 | ||||
| Office and administration |
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| Directors |
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| Operational |
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| 2024 | 2023 | ||
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| £ | £ | ||
| Emoluments |
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| Bank interest receivable |
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| Other interest receivable | 26,544 | 2,434 | |
| 30,014 | 2,966 | ||
| 2024 | 2023 | ||
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| £ | £ | ||
| Finance charges payable under finance leases and hire purchase contracts | 29,934 | 20,621 | |
| Other finance charges |
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| 29,972 | 20,630 | ||
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The tax charge on the profit for the year was as follows:
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| Tax Rate | 2024 | 2023 | |||
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| 2024 | 2023 | £ | £ | ||
| Current tax | |||||
| UK Corporation Tax | 25.0% | 23.5% |
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| Prior period adjustment |
( |
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| Deferred Tax | |||||
| Deferred taxation |
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| Origination and reversal of timing differences |
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| (5,678) | 20,424 | ||||
| Total tax charge for the period |
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The actual charge for the year can be reconciled to the expected charge for the year based on the profit and the standard rate of corporation tax as follows:
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| 2024 | 2023 | ||||
| £ | £ | ||||
| Profit before tax | 2,425,791 | 2,780,412 | |||
| Tax on profit at 25% (UK standard rate) |
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| Goodwill/depreciation not allowed for tax |
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| Expenses not deductible for tax purposes |
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| Capital allowances |
( |
( |
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| Short term timing differences |
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| Research and Development tax credit |
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| Prior period adjustment |
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| Difference in tax rates |
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| Group relief |
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| Total tax charge for the period | 540,166 | 721,527 | |||
| Goodwill | Development Costs | Total | |
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| £ | £ | £ | |
| Cost | |||
| As at 1 January 2024 |
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| As at 31 December 2024 |
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| Amortisation | |||
| As at 1 January 2024 |
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| Provided during the period |
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| As at 31 December 2024 |
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| Net Book Value | |||
| As at 31 December 2024 |
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| As at 1 January 2024 |
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| Plant & Machinery | Motor Vehicles | Fixtures & Fittings | Computer Equipment | Total | |
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| £ | £ | £ | £ | £ | |
| Cost | |||||
| As at 1 January 2024 |
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| Additions |
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| Disposals |
( |
( |
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( |
| As at 31 December 2024 |
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| Depreciation | |||||
| As at 1 January 2024 |
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| Provided during the period |
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| Disposals |
( |
( |
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| As at 31 December 2024 |
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| Net Book Value | |||||
| As at 31 December 2024 |
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| As at 1 January 2024 |
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| 2024 | 2023 | ||
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| £ | £ | ||
| Motor Vehicles |
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| Unlisted | |
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| Cost | |
| As at 1 January 2024 |
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| As at 31 December 2024 |
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| Provision | |
| As at 1 January 2024 |
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| As at 31 December 2024 |
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| Net Book Value | |
| As at 31 December 2024 |
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| As at 1 January 2024 |
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| Name of undertaking | Registered Office | Class of shares held | Direct holding | Indirect holding |
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Chalcroft Nurseries, Shirehall Road, Hawley, Dartford, Kent, United Kingdom, DA2, 7SE |
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Chalcroft Nurseries, Shirehall Road, Hawley, Dartford, Kent, United Kingdom, DA2, 7SE |
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| 2024 | 2023 | ||
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| £ | £ | ||
| Stock |
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| Work in progress |
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| Group | Company | ||||||
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| 2024 | 2023 | 2024 | 2023 | ||||
| £ | £ | £ | £ | ||||
| Due within one year | |||||||
| Trade debtors |
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| Amounts owed by group undertakings | - | - | 1,088,133 | 2,274,251 | |||
| Other debtors | 1,824,244 | 1,777,853 | 120,799 | 799 | |||
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| Group | Company | ||||||
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| 2024 | 2023 | 2024 | 2023 | ||||
| £ | £ | £ | £ | ||||
| Trade creditors |
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| Amounts owed to group undertakings | - | - |
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| Other creditors | 1,772,248 | 3,173,543 | 1,312,457 | 2,165,513 | |||
| Corporation tax |
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| Taxation and social security | 130,724 | 65,322 | 67,827 | 63,646 | |||
| Accruals and deferred income | 160,617 | 24,280 | 4,000 | 3,520 | |||
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| Group | ||||
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| 2024 | 2023 | |||
| £ | £ | |||
| Other creditors | 103,924 | 120,140 | ||
| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Other timing differences | 109,068 | 53,028 | |
| Group | ||
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| Deferred Tax | Total | |
| £ | £ | |
| As at 1 January 2024 |
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53,028 |
| Additions |
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56,040 |
| Balance at 31 December 2024 |
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109,068 |
| Group | Company | ||||||
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| 2024 | 2023 | 2024 | 2023 | ||||
| £ | £ | £ | £ | ||||
| Financial assets | |||||||
| Financial assets measured at fair value through profit and loss | 1,855,397 | 2,217,948 | - | - | |||
| Financial liabilities | |||||||
| Financial liabilities measured at fair value through profit and loss | 3,188,400 | 3,732,776 | - | - | |||
| As at 1 January 2024 | Amounts advanced | Amounts repaid | Amounts written off | As at 31 December 2024 | |
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| £ | £ | £ | £ | £ | |
| Mr James Lyon |
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| Mr Paul Brown |
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| Mr Gavin Sims |
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| Mr Stephen Lyon |
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| Mr Peter Alexander |
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| Mr Jonathan Alexander |
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| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| On equity shares: | |||
| Final dividend paid |
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2024
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2023
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Due < 1 year
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Due 2 -5 years
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Due <1 Year
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Due 2-5 years
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Office
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Printer
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4,000
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4,333
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4,000
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8,333
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