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FINANCIAL STATEMENTS |
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Contents |
Pages |
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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 auditor |
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35 Westgate |
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Huddersfield |
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HD1 1PA |
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Bankers |
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2 Cloth Hall Street |
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Huddersfield |
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West Yorkshire |
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HD1 2ES |
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Solicitors |
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14 High Street |
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Huddersfield |
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HD1 2HA |
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STRATEGIC REPORT |
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Director |
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DIRECTORS' REPORT |
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Director |
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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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35 Westgate |
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Huddersfield |
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HD1 1PA |
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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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(
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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 |
5 |
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Gain on financial assets at fair value through profit or loss |
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Interest receivable and similar income |
9 |
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Interest payable and similar expenses |
10 |
(
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(
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Profit before taxation |
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Tax on profit |
11 |
(
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(
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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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Tangible assets |
14 |
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Stocks |
15 |
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Debtors |
16 |
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Investments |
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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(
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Net current assets |
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Total assets less current liabilities |
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Taxation including deferred tax |
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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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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Dividends paid and payable |
12 |
– |
– |
(
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(
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Total investments by and distributions to owners |
– |
– |
(
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At 31 December 2024 |
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STATEMENT OF CASH FLOWS |
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2024 |
2023 |
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£ |
£ |
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Profit for the financial year |
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Adjustments for: |
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Depreciation of tangible assets |
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Amortisation of intangible assets |
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Gain on financial assets at fair value through profit or loss |
(63,940) |
(18,751) |
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Interest receivable and similar income |
(
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Interest payable and similar expenses |
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Gains on disposal of tangible assets |
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Tax on profit |
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Changes in: |
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Stocks |
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Trade and other debtors |
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Trade and other creditors |
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Cash generated from operations |
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Interest paid |
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Interest received |
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Tax paid |
(
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Net cash from operating activities |
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Purchase of tangible assets |
(
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(
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Proceeds from sale of tangible assets |
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Purchase of intangible assets |
– |
(
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Purchases of other investments |
(
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(
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Proceeds from sale of other investments |
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Net cash used in investing activities |
(
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Dividends paid |
(
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– |
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Loans received |
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– |
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Net cash used in financing activities |
(
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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 |
2,296,074 |
2,356,519 |
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Cash and cash equivalents at end of year |
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NOTES TO THE FINANCIAL STATEMENTS |
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Website |
- |
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Land and buildings |
- |
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Plant and machinery |
- |
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Computer equipment |
- |
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Motor vehicles |
- |
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Office equipment |
- |
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2024 |
2023 |
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£ |
£ |
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Sale of goods |
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2024 |
2023 |
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£ |
£ |
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United Kingdom |
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Overseas |
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2024 |
2023 |
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£ |
£ |
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Amortisation of intangible assets |
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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 |
6,089 |
5,844 |
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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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Other non-audit services |
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2024 |
2023 |
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No. |
No. |
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Selling and administrative |
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Manufacturing |
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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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2024 |
2023 |
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£ |
£ |
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Remuneration |
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2024 |
2023 |
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£ |
£ |
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Aggregate remuneration |
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2024 |
2023 |
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£ |
£ |
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Interest on cash and cash equivalents |
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Other interest receivable and similar income |
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2024 |
2023 |
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£ |
£ |
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Dividends paid on shares classed as debt |
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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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Origination and reversal of timing differences |
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Tax on profit |
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2024 |
2023 |
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£ |
£ |
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Profit on ordinary activities before taxation |
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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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– |
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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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Utilisation of tax losses |
– |
(
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Rounding on tax charge |
7 |
(
199) |
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Deferred tax movement not recognised pior year |
(
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– |
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Deferred tax movement not recognised current year |
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– |
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Postponed gains and capital losses recognised |
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– |
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Effect of increased rate of deferred tax |
– |
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Tax on profit |
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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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Website |
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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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Amortisation |
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At 1 January 2024 |
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Charge for the year |
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At 31 December 2024 |
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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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Land and buildings |
Plant and machinery |
Computer equipment |
Motor vehicles |
Office equipment |
Total |
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£ |
£ |
£ |
£ |
£ |
£ |
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Cost |
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At 1 Jan 2024 |
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Additions |
– |
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– |
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– |
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Disposals |
– |
– |
– |
(
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– |
(
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------------ |
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At 31 Dec 2024 |
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Depreciation |
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At 1 Jan 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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At 31 Dec 2024 |
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Carrying amount |
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At 31 Dec 2024 |
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– |
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At 31 Dec 2023 |
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– |
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2024 |
2023 |
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£ |
£ |
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Raw materials |
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Work in progress |
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Finished goods |
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------------ |
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2024 |
2023 |
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£ |
£ |
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Trade debtors |
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Prepayments and accrued income |
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Directors' loan accounts (note 27) |
– |
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Other debtors |
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2024 |
2023 |
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£ |
£ |
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Other investments |
979,761 |
518,365 |
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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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Shares classed as financial liabilities |
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Directors' loan accounts (note 27) |
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– |
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Other creditors |
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Deferred tax (note 20) |
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£ |
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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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2024 |
2023 |
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£ |
£ |
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Included in provisions (note 19) |
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2024 |
2023 |
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£ |
£ |
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Accelerated capital allowances |
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Fair value adjustment of financial assets |
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------------ |
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253,800 |
197,800 |
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2024 |
2023 |
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No. |
£ |
No. |
£ |
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448 |
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448 |
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147 |
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147 |
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1 |
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1 |
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1 |
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1 |
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Ordinary 'E' shares of £1 each |
1 |
1 |
1 |
1 |
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Ordinary 'F' shares of £1 each |
1 |
1 |
1 |
1 |
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Ordinary 'G' shares of £1 each |
1 |
1 |
1 |
1 |
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Ordinary 'H' shares of £1 each |
1 |
1 |
1 |
1 |
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500,000 |
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500,000 |
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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 |
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258,642 |
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Current asset investments |
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461,396 |
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------------ |
------------ |
------------ |
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------------ |
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2024 |
2023 |
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£ |
£ |
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Tangible assets |
– |
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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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– |
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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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– |
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------------ |
------------ |
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