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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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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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35 Westgate
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Huddersfield
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HD1 1PA
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Bankers
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2 Cloth Hall Street
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Huddersfield
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West Yorkshire
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HD1 2ES
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Solicitors
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14 High Street
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Huddersfield
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HD1 2HA
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STRATEGIC REPORT
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Director
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DIRECTOR'S REPORT
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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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35 Westgate
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Huddersfield
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HD1 1PA
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PROFIT AND LOSS ACCOUNT
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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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-------------
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Gross profit
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Distribution costs
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(
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(
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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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------------
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Operating profit
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6
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Interest payable and similar expenses
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10
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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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11
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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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BALANCE SHEET
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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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Intangible assets
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13
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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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–
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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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------------
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Net current assets
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------------
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------------
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Total assets less current liabilities
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Taxation including deferred tax
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19
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(
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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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23
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Profit and loss account
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24
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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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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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At 1 January 2020
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Profit for the year
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Total comprehensive income for the year
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–
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Dividends paid and payable
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12
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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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At 31 December 2020
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Profit for the year
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------------
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Total comprehensive income for the year
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–
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At 31 December 2021
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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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Amortisation of intangible assets
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Government grant income
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(107,946)
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(544,984)
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Interest payable and similar expenses
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(Gains)/loss on disposal of tangible assets
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(
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Tax on profit
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131,693
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130,040
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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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(
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Trade and other creditors
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(
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Cash generated from operations
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(
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Interest paid
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(
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(
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Tax paid
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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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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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Purchase of intangible assets
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–
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(
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Acquisition of subsidiaries
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(
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–
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Net cash used in investing activities
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(
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(
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Proceeds from borrowings
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–
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Proceeds from loans from group undertakings
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–
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Proceeds from loans from participating interests
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(
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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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(
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Net cash from financing activities
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Net (decrease)/increase in cash and cash equivalents
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(
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Cash and cash equivalents at beginning of year
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1,097,349
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66,194
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Cash and cash equivalents at end of year
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NOTES TO THE FINANCIAL STATEMENTS
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Goodwill
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-
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Plant and machinery
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-
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Computer equipment
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-
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Motor vehicles
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-
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Office equipment
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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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2021
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2020
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£
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£
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United Kingdom
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12,036,029
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9,912,973
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Other Europe
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1,103,912
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931,659
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Japan
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329,813
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440,462
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United States
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–
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28,523
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Rest of the world
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400,277
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242,956
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13,870,031
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11,556,573
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2021
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2020
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£
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£
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Government grant income
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–
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Other operating income
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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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Amortisation of intangible assets
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Depreciation of tangible assets
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(Gains)/loss on disposal of tangible assets
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(
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Impairment of trade debtors
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(239)
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2,170
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Operating lease rentals
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Foreign exchange differences
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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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2021
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2020
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No.
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No.
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Production staff
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Administrative staff
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Management staff
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4
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4
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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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2021
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2020
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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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2021
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2020
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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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2021
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2020
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£
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£
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Interest on banks loans and overdrafts
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Other interest payable and similar charges
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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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UK current tax expense
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Origination and reversal of timing differences
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Tax on profit
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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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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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(
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Rounding on tax charge
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(
133)
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–
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Change in deferred tax rate
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–
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------------
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Tax on profit
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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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Goodwill
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£
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Cost
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At 1 January 2021 and 31 December 2021
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------------
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Amortisation
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At 1 January 2021
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Charge for the year
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------------
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At 31 December 2021
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Carrying amount
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At 31 December 2021
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------------
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At 31 December 2020
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Plant and machinery
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Computer Equipment
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Motor vehicles
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Office Equipment
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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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Cost
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At 1 January 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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At 31 December 2021
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------------
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Depreciation
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At 1 January 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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At 31 December 2021
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------------
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------------
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Carrying amount
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At 31 December 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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At 31 December 2020
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------------
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------------
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------------
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------------
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Shares in group undertakings
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£
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Cost
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At 1 January 2021
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–
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Additions
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------------
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At 31 December 2021
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------------
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Impairment
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At 1 January 2021 and 31 December 2021
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–
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------------
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Carrying amount
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At 31 December 2021
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------------
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At 31 December 2020
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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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Raw materials and consumables
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Work in progress
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Finished goods and goods for resale
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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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Trade debtors
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Prepayments and accrued income
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Amounts owed by related undertakings (note 29)
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Other debtors
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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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Amounts owed to group undertakings
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–
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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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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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Deferred tax (note 20)
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£
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At 1 January 2021
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Additions
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------------
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At 31 December 2021
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------------
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2021
|
2020
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£
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£
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Included in provisions (note 19)
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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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Other timing differences
|
–
|
(
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------------
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------------
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46,825
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32,970
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------------
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------------
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2021
|
2020
|
|
£
|
£
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Government grants recognised directly in income
|
–
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------------
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2021
|
2020
|
|||
No.
|
£
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No.
|
£
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25,000
|
|
25,000
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------------
|
------------
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------------
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------------
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At 1 Jan 2021
|
Cash flows
|
At 31 Dec 2021
|
|
£
|
£
|
£
|
|
Cash at bank and in hand
|
|
(523,814)
|
|
Debt due within one year
|
(922,049)
|
(120,335)
|
(1,042,384)
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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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2021
|
2020
|
|
£
|
£
|
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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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Later than 5 years
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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)
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