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FINANCIAL STATEMENTS
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CONTENTS
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PAGE
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Officers and professional advisers
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1
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Strategic report
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2
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Directors' report
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3
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Independent auditor's report to the members
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7
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Profit and loss account
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11
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Balance sheet
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12
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Statement of cash flows
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13
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Notes to the financial statements
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14
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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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Cedar House
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Hazell Drive
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Newport
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NP10 8FY
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STRATEGIC REPORT
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2022 | 2021 | |||
£'000 | £'000 | |||
Turnover | 103,366 | 81,607 | ||
Gross Profit (%) | 8 | 8 | ||
Operating profit | 2,348 | 1,063 | ||
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Director
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DIRECTORS' REPORT
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Unit
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2022
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2021
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Emissions resulting from Gaseous and other fuels (Scope 1)
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tCO2e
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39
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17
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Emissions resulting from the purchase of electricity (Scope 2)
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tCO2e
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185
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193
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Emissions resulting from transportation (Scope 1 and 3)
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tCO2e
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276
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228
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----
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----
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Total emissions
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tCO2e
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500
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438
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Total energy consumption (kWh)
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kWh
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2,205,028
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1,838,881
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Intensity metric - tCO2e per £m turnover
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4.85
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5.36
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------------
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------------
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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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Cedar House
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Hazell Drive
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Newport
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NP10 8FY
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PROFIT AND LOSS ACCOUNT
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2022
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2021
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Note
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£
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£
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TURNOVER
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4
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Cost of sales
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(
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(
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--------------
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GROSS PROFIT
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Administrative expenses
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(
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(
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Other operating income
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5
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OPERATING PROFIT
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6
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Income from other fixed asset investments
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10
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–
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Interest payable and similar expenses
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11
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(
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(
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------------
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PROFIT BEFORE TAXATION
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Tax on profit
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12
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(
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(
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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
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13
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(
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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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BALANCE SHEET
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2022
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2021
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Note
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£
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£
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Tangible assets
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14
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Investments
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15
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Stocks
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16
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Debtors
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17
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Cash at bank and in hand
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-------------
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CREDITORS: amounts falling due within one year
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18
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(
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(
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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
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19
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(
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(
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PROVISIONS
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21
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(
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(
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NET ASSETS
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Called up share capital
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25
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Capital redemption reserve
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26
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Profit and loss account
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26
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SHAREHOLDERS FUNDS
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Director
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STATEMENT OF CASH FLOWS
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2022
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2021
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£
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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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Income from other fixed asset investments
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(
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–
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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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–
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Tax on profit
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Accrued expenses/(income)
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(
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Changes in:
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Stocks
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(
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(
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Trade and other debtors
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(
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(
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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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(
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Tax paid
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(
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(
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---------
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Net cash (used in)/from 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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(
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Proceeds from sale of tangible assets
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Acquisition of subsidiaries
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–
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(
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Proceeds from sale of other investments
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73,990
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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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---------
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Repayments of borrowings
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(
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(
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Payments of finance lease liabilities
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(
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(
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Dividends paid
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(
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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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(
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---------
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NET DECREASE IN CASH AND CASH EQUIVALENTS
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(
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(
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CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR
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5,121,463
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5,367,877
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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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Land and buildings
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-
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2% straight line method in buildings and nil on land
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Fixtures and fittings
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-
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Motor vehicles
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-
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2022
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2021
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£
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£
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Sale of goods
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--------------
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2022
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2021
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£
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£
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Government grant income
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--------
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---------
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2022
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2021
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£
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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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–
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Impairment of trade debtors
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99,997
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20,000
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---------
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---------
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2022
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2021
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£
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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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--------
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Taxation compliance services
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Other non-audit services
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--------
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--------
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4,612
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8,168
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--------
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--------
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2022
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2021
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No.
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No.
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Administrative staff
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Management staff
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6
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6
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Number of sales and delivery staff
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95
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93
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----
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----
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----
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----
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2022
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2021
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£
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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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2022
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2021
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£
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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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---------
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---------
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2022
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2021
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No.
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No.
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Defined contribution plans
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----
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----
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2022
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2021
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£
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£
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Aggregate remuneration
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---------
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---------
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2022
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2021
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£
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£
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Gain/(loss) on disposal of other fixed asset investments
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52,119
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–
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--------
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----
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2022
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2021
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£
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£
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Interest on banks loans and overdrafts
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Interest on obligations under finance leases and hire purchase contracts
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-------
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--------
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-------
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2022
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2021
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£
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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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---------
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2022
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2021
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£
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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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Effect of expenses not deductible for tax purposes
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Effect of capital allowances and depreciation
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Group relief
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(11,016)
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–
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Effect of the re-measurement of deferred tax following a change of rate
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35,235
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–
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------------
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Tax on profit
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2022
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2021
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£
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£
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Dividends on equity shares
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---------
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---------
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Freehold property
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Fixtures and fittings
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Motor vehicles
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Total
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£
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£
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£
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£
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Cost
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||||
At 1 May 2021
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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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(
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------------
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---------
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------------
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At 30 April 2022
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------------
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Depreciation
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||||
At 1 May 2021
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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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(
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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 30 April 2022
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------------
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------------
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---------
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------------
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Carrying amount
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||||
At 30 April 2022
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------------
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------------
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---------
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------------
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At 30 April 2021
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------------
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---------
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Fixtures and fittings
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Motor vehicles
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Total
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£
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£
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£
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At 30 April 2022
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--------
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--------
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--------
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At 30 April 2021
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--------
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--------
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---------
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Shares in group undertakings
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Other investments
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Total
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£
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£
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£
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Cost
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|||
At 1 May 2021
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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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--------
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At 30 April 2022
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----
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--------
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--------
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Impairment
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|||
At 1 May 2021 and 30 April 2022
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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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Carrying amount
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|||
At 30 April 2022
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|
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----
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--------
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--------
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At 30 April 2021
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----
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--------
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--------
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Class of share
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Percentage of shares held
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Subsidiary undertakings
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Ordinary
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100
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2022
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2021
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£
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£
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Stock
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-------------
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-------------
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2022
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2021
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£
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£
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Trade debtors
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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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------------
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------------
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------------
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2022
|
2021
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£
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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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Other creditors
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-------------
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-------------
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-------------
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-------------
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2022
|
2021
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£
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£
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Bank loans and overdrafts
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Obligations under finance leases and hire purchase contracts
|
|
|
---------
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---------
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---------
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---------
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2022
|
2021
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£
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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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--------
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Deferred tax (note 22)
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£
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At 1 May 2021
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Additions
|
|
---------
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At 30 April 2022
|
|
---------
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2022
|
2021
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£
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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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2022
|
2021
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£
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£
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Accelerated capital allowances
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---------
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---------
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2022
|
2021
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£
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£
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Government grants recognised directly in income
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--------
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---------
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2022
|
2021
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|||
No.
|
£
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No.
|
£
|
|
|
|
80
|
|
80
|
----
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----
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----
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----
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At 1 May 2021
|
Cash flows
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At 30 Apr 2022
|
|
£
|
£
|
£
|
|
Cash at bank and in hand
|
|
(692,575)
|
|
Debt due within one year
|
(92,675)
|
28,247
|
(64,428)
|
Debt due after one year
|
(534,914)
|
66,538
|
(468,376)
|
------------
|
---------
|
------------
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|
(
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------------
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---------
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------------
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|
NOTES TO THE FINANCIAL STATEMENTS (continued)
|