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Financial Statements |
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Contents |
Page |
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Officers and professional advisers |
1 |
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Strategic report |
2 |
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Directors' report |
3 |
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Independent auditor's report to the members |
5 |
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Statement of income and retained earnings |
9 |
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Statement of financial position |
10 |
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Statement of cash flows |
11 |
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Notes to the financial statements |
12 |
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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 Certified Accountants & statutory auditor |
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3 Constable Grove |
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Kirk Ella |
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Hull |
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HU10 7GW |
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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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Chartered Certified Accountants & statutory auditor |
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3 Constable Grove |
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Kirk Ella |
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Hull |
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HU10 7GW |
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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 profit |
5 |
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Interest payable and similar expenses |
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Profit before taxation |
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Tax on profit |
8 |
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-------- |
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Profit for the financial year and total comprehensive income |
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------------ |
-------- |
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Dividends paid and payable |
9 |
(
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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 |
10 |
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Stocks |
11 |
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Debtors |
12 |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
13 |
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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 |
14 |
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– |
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Taxation including deferred tax |
16 |
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– |
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Net assets |
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Called up share capital |
18 |
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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 for the financial year |
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Adjustments for: |
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Depreciation of tangible assets |
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Interest payable and similar expenses |
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Gains on disposal of tangible assets |
(
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– |
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Tax on profit |
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Accrued income |
(
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(
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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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(
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Interest paid |
(
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(
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Tax paid |
(
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(
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--------- |
--------- |
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Net cash used in operating activities |
(
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(
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--------- |
--------- |
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Purchase of tangible assets |
(
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(
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Proceeds from sale of tangible assets |
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– |
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--------- |
--------- |
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Net cash used in investing activities |
(
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(
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--------- |
--------- |
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Proceeds from borrowings |
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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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------------ |
--------- |
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Net cash from financing activities |
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------------ |
--------- |
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Net decrease in cash and cash equivalents |
(
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(
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Cash and cash equivalents at beginning of year |
97,443 |
195,720 |
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Cash and cash equivalents at end of year |
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-------- |
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Notes to the Financial Statements |
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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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Depreciation of tangible assets |
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Gains on disposal of tangible assets |
(
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– |
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Finance costs |
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--------- |
--------- |
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2024 |
2023 |
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No. |
No. |
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Distribution 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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------------ |
------------ |
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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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Aggregate remuneration |
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--------- |
--------- |
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2024 |
2023 |
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£ |
£ |
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UK current tax expense |
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Origination and reversal of timing differences |
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(
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--------- |
-------- |
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Tax on profit |
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--------- |
-------- |
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2024 |
2023 |
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£ |
£ |
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Dividends on ordinary shares |
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– |
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--------- |
---- |
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Fixtures and fittings |
Motor vehicles |
Total |
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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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Disposals |
– |
(
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(
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--------- |
--------- |
--------- |
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At 31 December 2024 |
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--------- |
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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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Disposals |
– |
(
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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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--------- |
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At 31 December 2023 |
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--------- |
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--------- |
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Motor vehicles |
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£ |
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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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2024 |
2023 |
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£ |
£ |
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Finished goods and goods for resale |
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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 account |
– |
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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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Accruals and deferred income |
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Corporation tax |
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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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Director loan accounts |
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– |
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Factoring account |
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Amounts owed to associated company |
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------------ |
------------ |
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------------ |
------------ |
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|
2024 |
2023 |
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|
£ |
£ |
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Obligations under finance leases and hire purchase contracts |
|
– |
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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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Less: future finance charges |
(
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(
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--------- |
-------- |
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Present value of minimum lease payments |
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--------- |
-------- |
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Deferred tax (note 17) |
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£ |
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At 1 January 2024 |
– |
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Transfers |
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-------- |
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At 31 December 2024 |
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-------- |
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2024 |
2023 |
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£ |
£ |
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Included in provisions (note 16) |
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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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-------- |
---- |
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2024 |
2023 |
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No. |
£ |
No. |
£ |
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|
20,000 |
|
20,000 |
|
-------- |
-------- |
-------- |
-------- |
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At 1 Jan 2024 |
Cash flows |
At 31 Dec 2024 |
|
|
£ |
£ |
£ |
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Cash at bank and in hand |
|
(44,926) |
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Debt due within one year |
(2,307,388) |
(1,015,672) |
(3,323,060) |
|
Debt due after one year |
– |
(68,780) |
(68,780) |
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------------ |
------------ |
------------ |
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(
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(
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(
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------------ |
------------ |
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