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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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Director's report
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4
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Independent auditor's report to the member
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6
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Statement of comprehensive income
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9
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Statement of financial position
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10
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Statement of changes in equity
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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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Director
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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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Gresham House
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5-7 St Paul's Street
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Leeds
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LS1 2JG
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Strategic report
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Director
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Registered office:
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Director's report
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Director
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Registered office:
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Independent auditor's report to the member 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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Gresham House
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5-7 St Paul's Street
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Leeds
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LS1 2JG
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Statement of comprehensive income
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2021
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2020
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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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Gross profit
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Administrative expenses
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-----------
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-----------
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Operating profit
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5
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Other interest receivable and similar income
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Interest payable and similar expenses
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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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9
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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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---------
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Statement of financial position
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2021
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2020
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Note
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£
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£
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£
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£
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Tangible assets
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11
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Stocks
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12
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Debtors
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13
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Cash at bank and in hand
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-----------
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-----------
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Creditors: amounts falling due within one year
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14
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(
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(
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------------
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-----------
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Net current liabilities
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(
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(
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------------
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------------
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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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15
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(
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(
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Deferred tax
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17
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(
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(
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------------
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Net assets
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Statement of financial position (continued)
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2021
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2020
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Note
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£
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£
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£
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£
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Called up share capital
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20
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Share premium account
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21
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Capital redemption reserve
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21
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Profit and loss account
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21
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-----------
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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
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Share premium account
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Capital redemption reserve
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Profit and loss account
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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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£
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At 1st November 2019
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–
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Profit for the year
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----
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---------
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----
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-----------
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-----------
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Total comprehensive income for the year
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–
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–
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–
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Dividends paid and payable
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10
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–
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–
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–
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(
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(
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Cancellation of subscribed capital
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(
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–
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–
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–
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(
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Redemption of shares
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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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Total investments by and distributions to owners
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(
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–
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(
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(
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At 31st October 2020
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Profit for the year
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----
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---------
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----
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-----------
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-----------
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Total comprehensive income for the year
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–
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–
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–
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Dividends paid and payable
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10
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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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---------
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---------
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Total investments by and distributions to owners
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–
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–
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–
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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 31st October 2021
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----
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---------
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----
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-----------
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-----------
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Statement of cash flows
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2021
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2020
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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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Other interest receivable and similar income
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(
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(
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Interest payable and similar expenses
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Tax on profit
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Accrued expenses
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Changes in:
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Stocks
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(
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(
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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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(
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-----------
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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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(
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Interest received
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-----------
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-----------
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Net cash 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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------------
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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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------------
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Proceeds from borrowings
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Payments of finance lease liabilities
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Dividends paid
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(
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(
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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 increase in cash and cash equivalents
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Cash and cash equivalents at beginning of year
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285,409
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89,192
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---------
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---------
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Cash and cash equivalents at end of year
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---------
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Notes to the financial statements
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Plant & machinery
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-
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Motor vehicles
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-
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2021
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2020
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£
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£
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Sale of goods
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Rendering of services
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------------
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------------
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2021
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2020
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£
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£
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Depreciation of tangible assets
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Impairment of trade debtors
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17,799
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–
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-----------
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-----------
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2021
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2020
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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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----
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2021
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2020
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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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8
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8
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----
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----
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----
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----
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2021
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2020
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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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-----------
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---------
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2021
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2020
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£
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£
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Remuneration
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-------
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-------
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2021
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2020
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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 profit
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---------
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---------
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2021
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2020
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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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---------
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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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Other permanent differences
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–
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Movement in deferred tax not recognised
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(
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Remeasurement of deferred tax for changes in tax rates
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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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2021
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2020
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£
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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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---------
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Plant and machinery
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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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Cost
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|||
At 1st November 2020
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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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At 31st October 2021
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---------
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------------
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------------
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Depreciation
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At 1st November 2020
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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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At 31st October 2021
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---------
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------------
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------------
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Carrying amount
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At 31st October 2021
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---------
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------------
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------------
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At 31st October 2020
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---------
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------------
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------------
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2021
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2020
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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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2021
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2020
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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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Director's loan account
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Other debtors
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-----------
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-----------
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-----------
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2021
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2020
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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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Social security and other taxes
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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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-----------
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2021
|
2020
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£
|
£
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Bank loans and overdrafts
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|
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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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------------
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2021
|
2020
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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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------------
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Deferred tax (note 18)
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|
£
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|
At 1st November 2020
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Additions
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-----------
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At 31st October 2021
|
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-----------
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2021
|
2020
|
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£
|
£
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Included in provisions (note 17)
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-----------
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---------
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2021
|
2020
|
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£
|
£
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Accelerated capital allowances
|
|
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-----------
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---------
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2021
|
2020
|
|||
No.
|
£
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No.
|
£
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|
|
|
64
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|
64
|
------
|
----
|
------
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----
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At 1 Nov 2020
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Cash flows
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At 31 Oct 2021
|
|
£
|
£
|
£
|
|
Cash at bank and in hand
|
|
188,888
|
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Debt due within one year
|
(7,894,360)
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(1,613,226)
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(9,507,586)
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Debt due after one year
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(15,124,301)
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(2,480,970)
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(17,605,271)
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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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------------
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Notes to the financial statements (continued)
|