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Financial Statements |
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Contents |
Pages |
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Officers and professional advisers |
1 |
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Strategic report |
2 to 3 |
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Directors' report |
4 to 5 |
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Independent auditor's report to the members |
6 to 10 |
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Statement of income and retained earnings |
11 |
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Statement of financial position |
12 |
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Statement of cash flows |
13 |
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Notes to the financial statements |
14 to 25 |
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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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Auditor |
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Chartered Accountants & Statutory Auditor |
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No 1 Pavilion Square |
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Cricketers Way |
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Westhoughton |
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Bolton |
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BL5 3AJ |
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Bankers |
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135 Market Street |
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Droylsden |
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Manchester |
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M43 7NY |
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Strategic Report |
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Director |
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Registered office: |
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Directors' Report |
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Director |
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Registered office: |
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Independent Auditor's Report to the Members of
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(Senior Statutory Auditor) |
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For and on behalf of |
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Chartered Accountants & Statutory Auditor |
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No 1 Pavilion Square |
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Cricketers Way |
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Westhoughton |
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Bolton |
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BL5 3AJ |
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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 |
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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Operating loss |
5 |
(
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(
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Other interest receivable and similar income |
9 |
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Interest payable and similar expenses |
10 |
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Loss before taxation |
(
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(
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Tax on loss |
11 |
(
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(
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--------- |
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Profit/(loss) for the financial year and total comprehensive income |
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(
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Dividends paid and payable |
12 |
(
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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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Statement of Financial Position |
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2024 |
2023 |
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Note |
£ |
£ |
£ |
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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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Taxation including deferred tax |
21 |
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(
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Net assets |
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Called up share capital |
24 |
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Profit and loss account |
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Shareholders funds |
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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/(loss) for the financial year |
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(
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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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Loss on disposal of tangible assets |
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– |
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Tax on loss |
(
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(
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Accrued (income)/expenses |
(
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Changes in: |
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Stocks |
(
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Trade and other debtors |
(
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(
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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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(
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Interest received |
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Tax received/(paid) |
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(
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--------- |
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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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– |
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--------- |
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Net cash used in investing activities |
(
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(
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Proceeds from borrowings |
(
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(
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Proceeds from loans from group undertakings |
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– |
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Payments of finance lease liabilities |
(
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(
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Dividends paid |
(
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(
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Net cash used in financing activities |
(
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(
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Net (decrease)/increase in cash and cash equivalents |
(
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Cash and cash equivalents at beginning of year |
1,450,717 |
1,008,640 |
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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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Goodwill |
- |
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Plant and machinery |
- |
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Fixtures and fittings |
- |
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Motor vehicles |
- |
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Equipment |
- |
33
%
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2024 |
2023 |
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£ |
£ |
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Rendering of services |
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Construction contracts |
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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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Loss on disposal of tangible assets |
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– |
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Impairment of trade debtors |
26,283 |
15,014 |
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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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Management staff |
2 |
2 |
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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 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 income |
(
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– |
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Adjustments in respect of prior periods |
(451,622) |
– |
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--------- |
---- |
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Total current tax |
(
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– |
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--------- |
---- |
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Origination and reversal of timing differences |
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(
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--------- |
-------- |
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Tax on loss |
(
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(
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--------- |
-------- |
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2024 |
2023 |
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£ |
£ |
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Loss on ordinary activities before taxation |
(
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(
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-------- |
--------- |
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Loss 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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Utilisation of tax losses |
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– |
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Unused tax losses |
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Other tax adjustment to increase/(decrease) tax liability - desc in a/cs |
(
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– |
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--------- |
--------- |
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Tax on loss |
(
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(
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--------- |
--------- |
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2024 |
2023 |
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£ |
£ |
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Equity dividends on Ordinary Shares |
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--------- |
--------- |
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Goodwill |
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£ |
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Cost |
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At 1 December 2023 and 30 November 2024 |
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Amortisation |
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At 1 December 2023 and 30 November 2024 |
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-------- |
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Carrying amount |
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At 30 November 2024 |
– |
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At 30 November 2023 |
– |
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Plant and machinery |
Fixtures and fittings |
Motor vehicles |
Equipment |
Total |
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£ |
£ |
£ |
£ |
£ |
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Cost |
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At 1 December 2023 |
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Additions |
– |
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Disposals |
– |
– |
(
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– |
(
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-------- |
--------- |
--------- |
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--------- |
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At 30 November 2024 |
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-------- |
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Depreciation |
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At 1 December 2023 |
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Charge for the year |
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Disposals |
– |
– |
(
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– |
(
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-------- |
--------- |
--------- |
--------- |
--------- |
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At 30 November 2024 |
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-------- |
--------- |
--------- |
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--------- |
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Carrying amount |
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At 30 November 2024 |
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-------- |
--------- |
--------- |
--------- |
--------- |
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At 30 November 2023 |
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-------- |
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--------- |
--------- |
--------- |
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Other investments other than loans |
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£ |
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Cost |
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At 1 December 2023 and 30 November 2024 |
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-------- |
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Impairment |
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At 1 December 2023 and 30 November 2024 |
– |
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-------- |
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Carrying amount |
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At 30 November 2024 |
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-------- |
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At 30 November 2023 |
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-------- |
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2024 |
2023 |
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£ |
£ |
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Raw materials and consumables |
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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 customers on construction contracts |
– |
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Prepayments and accrued income |
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Corporation tax repayable |
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– |
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Directors loan account |
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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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Bank loans and overdrafts |
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Trade creditors |
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Amounts owed to group undertakings |
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– |
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Accruals and deferred income |
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Social security and other taxes |
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Obligations under finance leases and hire purchase contracts |
– |
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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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Bank loans and overdrafts |
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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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Deferred tax (note 22) |
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£ |
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At 1 December 2023 |
(
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Additions |
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-------- |
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At 30 November 2024 |
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-------- |
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2024 |
2023 |
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£ |
£ |
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Included in provisions (note 21) |
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(
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-------- |
-------- |
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2024 |
2023 |
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£ |
£ |
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Accelerated capital allowances |
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Unused tax losses |
– |
(
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-------- |
-------- |
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13,924 |
(13,794) |
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-------- |
-------- |
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2024 |
2023 |
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No. |
£ |
No. |
£ |
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60 |
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60 |
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20 |
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20 |
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16 |
|
16 |
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18 |
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18 |
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6 |
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6 |
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---- |
---- |
---- |
---- |
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---- |
---- |
---- |
---- |
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At 1 Dec 2023 |
Cash flows |
At 30 Nov 2024 |
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£ |
£ |
£ |
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Cash at bank and in hand |
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(548,420) |
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Debt due within one year |
(14,150) |
(10,850) |
(25,000) |
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Debt due after one year |
(16,465) |
10,051 |
(6,414) |
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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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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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Notes to the Financial Statements (continued) |
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2024 |
||||
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Balance brought forward |
Advances/ (credits) to the directors |
Balance outstanding |
||
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£ |
£ |
£ |
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– |
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– |
– |
– |
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---- |
--------- |
--------- |
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– |
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---- |
--------- |
--------- |
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2023 |
||||
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Balance brought forward |
Advances/ (credits) to the directors |
Balance outstanding |
||
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£ |
£ |
£ |
||
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|
– |
– |
– |
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(
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– |
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--------- |
--------- |
---- |
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(
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– |
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--------- |
--------- |
---- |
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