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FINANCIAL STATEMENTS |
Contents |
Pages |
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OFFICERS AND PROFESSIONAL ADVISERS |
The board of directors |
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Registered office |
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England |
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Auditor |
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Chartered Accountants & statutory auditor |
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35 Westgate |
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Huddersfield |
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HD1 1PA |
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STRATEGIC REPORT |
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Director |
Registered office: |
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England |
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DIRECTORS' REPORT |
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Director |
Registered office: |
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England |
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INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF
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(Senior Statutory Auditor) |
For and on behalf of |
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Chartered Accountants & statutory auditor |
35 Westgate |
Huddersfield |
HD1 1PA |
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CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME |
2022 |
2021 |
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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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Distribution costs |
(
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(
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Administrative expenses |
(
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(
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Other operating income |
5 |
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– |
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Operating profit |
6 |
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Other interest receivable and similar income |
10 |
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Interest payable and similar expenses |
11 |
(
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(
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Profit before taxation |
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Tax on profit |
12 |
(
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(
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Profit for the financial year and total comprehensive income |
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CONSOLIDATED STATEMENT OF FINANCIAL POSITION |
2022 |
2021 |
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Note |
£ |
£ |
Tangible assets |
14 |
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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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Provisions |
19 |
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Net assets |
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Called up share capital |
23 |
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Share premium account |
24 |
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Profit and loss account |
24 |
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Shareholders funds |
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Director |
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COMPANY STATEMENT OF FINANCIAL POSITION |
2022 |
2021 |
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Note |
£ |
£ |
Investments |
15 |
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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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Called up share capital |
23 |
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Share premium account |
24 |
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Profit and loss account |
24 |
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Shareholders funds |
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Director |
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CONSOLIDATED STATEMENT OF CHANGES IN EQUITY |
Called up share capital |
Share premium account |
Profit and loss account |
Total |
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£ |
£ |
£ |
£ |
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At 1 January 2021 |
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Profit for the year |
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Total comprehensive income for the year |
– |
– |
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Dividends paid and payable |
13 |
– |
– |
(
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(
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Total investments by and distributions to owners |
– |
– |
(
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(
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At 31 December 2021 |
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Profit for the year |
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Total comprehensive income for the year |
– |
– |
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Dividends paid and payable |
13 |
– |
– |
(
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(
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Total investments by and distributions to owners |
– |
– |
(
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(
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At 31 December 2022 |
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COMPANY STATEMENT OF CHANGES IN EQUITY |
Called up share capital |
Share premium account |
Profit and loss account |
Total |
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£ |
£ |
£ |
£ |
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At 1 January 2021 |
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Profit for the year |
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Total comprehensive income for the year |
– |
– |
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Dividends paid and payable |
13 |
– |
– |
(
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(
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Total investments by and distributions to owners |
– |
– |
(
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(
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At 31 December 2021 |
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Profit for the year |
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Total comprehensive income for the year |
– |
– |
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Dividends paid and payable |
13 |
– |
– |
(
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(
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Total investments by and distributions to owners |
– |
– |
(
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(
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At 31 December 2022 |
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CONSOLIDATED STATEMENT OF CASH FLOWS |
2022 |
2021 |
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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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Government grant income |
(
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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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Gains on disposal of tangible assets |
(
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– |
Tax on profit |
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Changes in: |
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Stocks |
(
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(
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Trade and other debtors |
(
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Trade and other creditors |
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Cash generated from operations |
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Interest paid |
(
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Interest received |
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Tax paid |
(
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Net cash from operating activities |
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Purchase of tangible assets |
(
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(
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Proceeds from sale of tangible assets |
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– |
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Net cash used in investing activities |
(
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(
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Government grant income |
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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 |
1,222,490 |
635,672 |
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Cash and cash equivalents at end of year |
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NOTES TO THE FINANCIAL STATEMENTS |
Short leasehold property |
- |
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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
% straight line |
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2022 |
2021 |
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£ |
£ |
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Sale of goods |
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Rendering of services |
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2022 |
2021 |
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£ |
£ |
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United Kingdom |
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Overseas |
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2022 |
2021 |
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£ |
£ |
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Government grant income |
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– |
------------ |
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2022 |
2021 |
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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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– |
Impairment of trade debtors |
40,732 |
4,370 |
Research and development expenditure written off |
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Foreign exchange differences |
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Operating lease expense - land and buildings |
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Operating lease expense - motor vehicles |
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2022 |
2021 |
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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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2022 |
2021 |
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No. |
No. |
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Administrative staff |
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Warehouse staff |
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Marketing staff |
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Sales staff |
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------------ |
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2022 |
2021 |
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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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2022 |
2021 |
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£ |
£ |
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Remuneration |
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Company contributions to defined contribution pension plans |
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2022 |
2021 |
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No. |
No. |
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Defined contribution plans |
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2022 |
2021 |
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£ |
£ |
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Aggregate remuneration |
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Company contributions to defined contribution pension plans |
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------------ |
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2022 |
2021 |
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£ |
£ |
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Interest on bank deposits |
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Other interest receivable |
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– |
------------ |
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2022 |
2021 |
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£ |
£ |
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Other interest payable and similar charges |
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------------ |
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2022 |
2021 |
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£ |
£ |
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UK current tax income |
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Adjustments in respect of prior periods |
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– |
------------ |
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Total current tax |
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Origination and reversal of timing differences |
(
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Tax on profit |
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2022 |
2021 |
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£ |
£ |
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Profit on ordinary activities before taxation |
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Profit on ordinary activities by rate of tax |
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Adjustment to tax charge in respect of prior periods |
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– |
Effect of expenses not deductible for tax purposes |
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Effect of capital allowances and depreciation |
(
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(
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Tax on profit |
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2022 |
2021 |
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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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Group |
Short leasehold property |
Plant and machinery |
Fixtures and fittings |
Motor vehicles |
Equipment |
Total |
£ |
£ |
£ |
£ |
£ |
£ |
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Cost |
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At 1 Jan 2022 |
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115,247 |
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Additions |
– |
– |
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– |
6,323 |
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Disposals |
– |
– |
– |
(
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– |
(
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At 31 Dec 2022 |
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– |
121,570 |
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Depreciation |
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At 1 Jan 2022 |
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90,515 |
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Charge for the year |
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– |
17,542 |
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Disposals |
– |
– |
– |
(
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– |
(
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At 31 Dec 2022 |
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– |
108,057 |
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Carrying amount |
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At 31 Dec 2022 |
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– |
13,513 |
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------------ |
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At 31 Dec 2021 |
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– |
24,732 |
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------------ |
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Company |
Shares in group undertakings |
£ |
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Cost |
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At 1 January 2022 and 31 December 2022 |
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Impairment |
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At 1 January 2022 and 31 December 2022 |
– |
------------ |
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Carrying amount |
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At 1 January 2022 and 31 December 2022 |
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At 31 December 2021 |
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Class of share |
Percentage of shares held |
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Subsidiary undertakings |
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£1 Ordinary |
100 |
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£1 Ordinary |
100 |
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£1 Ordinary |
100 |
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£1 Ordinary |
100 |
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€1 Ordinary |
100 |
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$10 Ordinary |
100 |
Group |
Company |
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2022 |
2021 |
2022 |
2021 |
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£ |
£ |
£ |
£ |
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Finished goods and goods for resale |
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– |
– |
------------ |
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Group |
Company |
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2022 |
2021 |
2022 |
2021 |
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£ |
£ |
£ |
£ |
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Trade debtors |
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– |
– |
Amounts owed by group undertakings |
– |
– |
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Prepayments and accrued income |
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– |
– |
Corporation tax repayable |
– |
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– |
– |
Other debtors |
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– |
– |
------------ |
------------ |
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------------ |
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Group |
Company |
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2022 |
2021 |
2022 |
2021 |
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£ |
£ |
£ |
£ |
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Trade creditors |
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– |
– |
Amounts owed to group undertakings |
– |
– |
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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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– |
– |
Invoice finance facility |
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– |
– |
Other creditors |
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– |
– |
– |
------------ |
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Group |
Deferred tax (note 20) |
£ |
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At 1 January 2022 |
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Charge against provision |
(
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------------ |
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At 31 December 2022 |
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Group |
Company |
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2022 |
2021 |
2022 |
2021 |
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£ |
£ |
£ |
£ |
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Included in provisions (note 19) |
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– |
– |
------------ |
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Group |
Company |
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2022 |
2021 |
2022 |
2021 |
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£ |
£ |
£ |
£ |
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Accelerated capital allowances |
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– |
– |
------------ |
------------ |
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------------ |
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Group |
Company |
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2022 |
2021 |
2022 |
2021 |
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£ |
£ |
£ |
£ |
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Government grants recognised directly in income |
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– |
– |
– |
------------ |
------------ |
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2022 |
2021 |
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No. |
£ |
No. |
£ |
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100,000 |
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100,000 |
------------ |
------------ |
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At 1 Jan 2022 |
Cash flows |
At 31 Dec 2022 |
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£ |
£ |
£ |
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Cash at bank and in hand |
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(50,889) |
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------------ |
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Group |
Company |
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2022 |
2021 |
2022 |
2021 |
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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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------------ |
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