Stephen at the ICAEW explains that the cash basis allows self-employed people and partners to calculate their taxable profits on a “cash in, cash out” basis. This is simpler than the traditional accruals method for many, as it removes the need for year-end adjustments. Aside from cash flo...
6Pro-forma-related adjustments reflect the impact of M&A-related transactions as if they had been included for the whole financial year. The FY 2024 adjustment is to reflect the NPT sale taking place on 1 April 2023 (i.e. it removes the EBITDA that the NPT business contributed between 1 A...
Get your small business ready for the tax year-end with this handy payroll processing checklist, including important deadlines to keep in mind.
“This has been another year of progress for PayPoint where we have delivered a robust financial performance and made further progress towards delivering £100m EBITDA by the end of FY26. These results reflect both the resilience of our businesses and the transformation delivered over the past t...
Rebecca McGuirk, Partner and Head of Employment, and Nicola Inhatowicz, a Partner at Trowers & Hamlins LLP, discuss the end of year-round up in employment law. This webinar focuses on the new Employment Rights Bill in particular an overview of the changes it will implement and consultations...
Subject to a number of adjustments, the effective rate of tax on profits derived from the sale of products subject to patents is close to 10% rather than the normal UK tax rate of 19%. The Patent Box rate is normally claimed once a patent has b...
Adjustments for: (Increase)/decrease in debtors (1,001) 176 598 (Decrease)/increase in creditors (2,973) 1,918 2,790 Gain on disposal of fixed assets - (6) (4,872) Gain on revaluation of fixed asset investments (3,306) (1,849) (1,641) Gain on disposal of current assets - (...
Adjustments for: (Increase)/decrease in debtors (1,001) 176 598 (Decrease)/increase in creditors (2,973) 1,918 2,790 Gain on disposal of fixed assets - (6) (4,872) Gain on revaluation of fixed asset investments (3,306) (1,849) (1,641) Gain on disposal of current assets - (...
·Full year revenue was marginally lower than anticipated (by 1.4%) as extreme weather in the US delayed a large shipment at year-end, shifting associated revenue into 2025 ·Record adjusted EBITDA of £24.9m, growth of 8% (FY23: £23.0m), reflecting strong cost disciplines and other ...
As a result, there was a net cash outflow of £118.5m (2023: outflow of £191.6m), leaving the Group with cash at the period end of £165.5m (10 June 2023: £117.8m). The Group has in place a £150m multi-currency, revolving credit facility which remained undrawn at the...