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ACCOUNTS |
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CONTENTS |
PAGES |
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Officers and professional advisers |
1 |
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Strategic report |
2 to 3 |
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Directors' report |
4 to 5 |
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Independent auditor's report to the members |
6 to 9 |
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Statement of comprehensive income |
10 |
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Statement of financial position |
11 |
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Statement of changes in equity |
12 |
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Statement of cash flows |
13 |
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Notes to the accounts |
14 to 23 |
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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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United Kingdom |
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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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BANKERS |
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Harry Weston Road |
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Binley |
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Coventry |
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CV3 2SH |
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STRATEGIC REPORT |
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Director |
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Registered office: |
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United Kingdom |
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DIRECTORS' REPORT |
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Director |
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Registered office: |
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United Kingdom |
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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 |
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Reconstruction costs |
(
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OPERATING PROFIT |
5 |
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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 AND TOTAL COMPREHENSIVE INCOME |
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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 |
13 |
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– |
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Tangible assets |
14 |
– |
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Investments |
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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CREDITORS: amounts falling due after more than one year |
19 |
– |
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NET ASSETS |
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Called up share capital |
22 |
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Capital redemption reserve |
23 |
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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 |
Capital redemption reserve |
Profit and loss account |
Total |
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£ |
£ |
£ |
£ |
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AT 1 JANUARY 2023 |
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Profit for the year |
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TOTAL COMPREHENSIVE INCOME FOR THE YEAR |
– |
– |
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Deemed distributions on reconstruction |
– |
– |
(
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(
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--------- |
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TOTAL INVESTMENTS BY AND DISTRIBUTIONS TO OWNERS |
– |
– |
(
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(
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AT 31 DECEMBER 2023 |
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Profit for the year |
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TOTAL COMPREHENSIVE INCOME FOR THE YEAR |
– |
– |
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Deemed distributions on reconstruction |
– |
– |
(
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(
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---- |
---- |
------------ |
------------ |
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TOTAL INVESTMENTS BY AND DISTRIBUTIONS TO OWNERS |
– |
– |
(
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(
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------- |
--------- |
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AT 31 DECEMBER 2024 |
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------- |
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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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Amortisation of intangible assets |
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– |
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Government grant income |
(
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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 |
(1,316,735) |
(38,936) |
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Tax on profit |
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Accrued expenses |
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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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(
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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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Proceeds from sale of tangible assets |
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Purchase of intangible assets |
(
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– |
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Acquisition of subsidiaries |
– |
(
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------------ |
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Net cash from investing activities |
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------------ |
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Deemed distribution payment |
(
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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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NET INCREASE IN CASH AND CASH EQUIVALENTS |
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CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR |
465,171 |
48,898 |
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--------- |
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CASH AND CASH EQUIVALENTS AT END OF YEAR |
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--------- |
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NOTES TO THE ACCOUNTS |
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Intellectual property & development costs |
- |
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Freehold 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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2024 |
2023 |
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£ |
£ |
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Sale of goods |
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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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Amortisation of intangible assets |
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– |
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Depreciation of tangible assets |
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Gains on disposal of tangible assets |
– |
(
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Impairment of trade debtors |
18,492 |
57,612 |
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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 accounts |
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-------- |
-------- |
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2024 |
2023 |
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No. |
No. |
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Production staff |
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Administrative staff |
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---- |
---- |
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---- |
---- |
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2024 |
2023 |
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£ |
£ |
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Wages and salaries |
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Social security costs |
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Other pension costs |
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------------ |
------------ |
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------------ |
------------ |
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2024 |
2023 |
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£ |
£ |
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Remuneration |
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Company contributions to defined contribution pension plans |
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--------- |
--------- |
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--------- |
--------- |
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2024 |
2023 |
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No. |
No. |
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Defined contribution plans |
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---- |
---- |
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2024 |
2023 |
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£ |
£ |
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Aggregate 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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£ |
£ |
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Reconstruction costs |
– |
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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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--------- |
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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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(
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Adjustment to tax charge in respect of prior periods |
(
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– |
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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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Effect of movement in provisions |
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(
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Other movements |
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------------ |
--------- |
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Tax on profit |
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------------ |
--------- |
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Intellectual property & development costs |
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£ |
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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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Amortisation |
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At 1 January 2024 |
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Charge for the year |
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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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Freehold property |
Plant and machinery |
Fixtures and fittings |
Total |
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£ |
£ |
£ |
£ |
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Cost |
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At 1 January 2024 |
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Disposals |
(
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(
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(
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(
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--------- |
-------- |
--------- |
------------ |
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At 31 December 2024 |
– |
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--------- |
-------- |
--------- |
------------ |
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Depreciation |
||||
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At 1 January 2024 |
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Charge for the year |
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– |
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Disposals |
(
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(
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(
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(
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--------- |
-------- |
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------------ |
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At 31 December 2024 |
– |
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--------- |
-------- |
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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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--------- |
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Shares in group undertakings |
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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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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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-------- |
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At 31 December 2023 |
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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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2024 |
2023 |
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£ |
£ |
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Raw materials and consumables |
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Finished goods and goods for resale |
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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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Amounts owed by group undertakings |
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Prepayments and accrued income |
– |
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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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2024 |
2023 |
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£ |
£ |
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Government grants |
– |
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---- |
-------- |
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2024 |
2023 |
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£ |
£ |
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Government grants recognised directly in income |
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-------- |
------- |
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2024 |
2023 |
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No. |
£ |
No. |
£ |
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1,000 |
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1,000 |
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------- |
------- |
------- |
------- |
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At 1 Jan 2024 |
Cash flows |
At 31 Dec 2024 |
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£ |
£ |
£ |
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Cash at bank and in hand |
|
192,024 |
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--------- |
--------- |
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2024 |
2023 |
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£ |
£ |
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Not later than 1 year |
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Later than 1 year and not later than 5 years |
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--------- |
-------- |
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--------- |
-------- |
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