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CREWE ALEXANDRA GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2023
19 Operating lease commitments
Operating lease payments represent rentals payable by the company for certain of its properties. Leases are typically negotiated for a term of 3-5 years.
At the reporting end date the group had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:
Within one year
Between two and five years
20 Related party transactions
Remuneration of key management personnel
The group's key management are its directors.
Group Company
2023 2022 2023 2022
££££
81,092 153,693 -- 29,866 77,394 --
110,958 231,087 --
The company has taken advantage of the exemption available in Section 33.1A of FRS 102 whereby it has not disclosed transactions within the group involving wholly owned subsidiaries.
21 Cash generated from group operations
(Loss)/profit for the year after tax
Adjustments for:
Taxation charged/(credited)
Finance costs
Depreciation and impairment of tangible fixed assets
Movements in working capital:
Increase in stocks
Decrease in debtors Increase/(decrease) in creditors
Cash generated from operations
2023 2022 ££
(1,491,734)
- 44,529 171,637
(16,750) 486,286 812,187
6,155
115,668
(24,019) 27,849 172,818
(4,944) 178,727
(174,708) 291,391
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