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For the year ended
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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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Directors' report
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4
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Independent auditor's report to the members
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6
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Statement of income and retained earnings
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9
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Statement of financial position
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10
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Notes to the financial statements
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11
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Officers and Professional Advisers
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The board of directors
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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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Enterprise House
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38 Tyndall Court
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Commerce Road
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Lynch Wood
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Peterborough
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Cambridgeshire
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PE2 6LR
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Bankers
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1 Granby Street
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Leicester
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LE1 6EJ
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Strategic Report
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Director
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Registered office:
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Directors' Report
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Director
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Registered office:
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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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Enterprise House
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38 Tyndall Court
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Commerce Road
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Lynch Wood
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Peterborough
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Cambridgeshire
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PE2 6LR
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Statement of Income and Retained Earnings
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2019
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2018
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Note
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£
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£
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Turnover
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5
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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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6
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Other interest receivable and similar income
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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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----------
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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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Retained earnings at the start of the year
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-------------
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-------------
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Retained earnings at the end of the year
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-------------
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Statement of Financial Position
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2019
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2018
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Note
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£
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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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-------------
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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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Creditors: amounts falling due within one year
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18
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-------------
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Net current assets
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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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Net assets
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Called up share capital
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22
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Profit and loss account
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23
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Shareholders funds
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Director
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Notes to the Financial Statements
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Goodwill
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-
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Patents
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-
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Plant equipment and tooling
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-
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8% to 33% straight line
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Fixtures and fittings
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-
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Motor vehicles
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-
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Property improvements
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-
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10
% straight line
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2019
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2018
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£
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£
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Sale of goods
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---------------
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---------------
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2019
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2018
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£
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£
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United Kingdom
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Overseas
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---------------
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---------------
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---------------
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---------------
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2019
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2018
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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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Loss on disposal of tangible assets
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–
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Impairment of trade debtors
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311
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–
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Foreign exchange differences
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(
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Operating lease costs
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208,500
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208,500
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2019
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2018
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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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Audit-related assurance services
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---------
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---------
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2019
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2018
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No.
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No.
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Production staff
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Management staff
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37
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41
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----
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----
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----
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----
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2019
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2018
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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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2019
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2018
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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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----------
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----------
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2019
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2018
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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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----
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2019
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2018
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£
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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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2019
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2018
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£
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£
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Interest on cash and cash equivalents
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-------
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-------
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2019
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2018
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£
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£
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UK current tax expense
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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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----------
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Origination and reversal of timing differences
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(
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Tax on profit
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2019
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2018
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£
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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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–
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Effect of expenses not deductible for tax purposes
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–
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Effect of capital allowances and depreciation
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Utilisation of tax losses
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–
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(
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Research and development credit in respect of earlier years
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(21,503)
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67,284
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Tax on profit
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2019
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2018
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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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----------
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Goodwill
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Patents, trademarks and licences
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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 1 January 2019 and 31 December 2019
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-------------
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---------
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Amortisation
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At 1 January 2019
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Charge for the year
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-------------
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---------
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-------------
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At 31 December 2019
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-------------
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Carrying amount
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At 31 December 2019
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–
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-------------
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---------
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-------------
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At 31 December 2018
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-------------
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---------
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Plant and machinery
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Fixtures and fittings
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Motor vehicles
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Property improvements
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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 2019
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79,483
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Additions
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–
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92,142
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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 2019
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171,625
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-------------
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Depreciation
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At 1 January 2019
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51,333
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Charge for the year
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–
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9,125
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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 2019
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60,458
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-------------
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---------
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Carrying amount
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At 31 December 2019
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–
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111,167
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-------------
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---------
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At 31 December 2018
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–
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28,150
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-------------
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---------
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Other investments other than loans
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£
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Cost
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At 1 January 2019 and 31 December 2019
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----------
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Impairment
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At 1 January 2019 and 31 December 2019
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----------
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Carrying amount
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At 31 December 2019
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–
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----------
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At 31 December 2018
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–
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----------
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2019
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2018
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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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-------------
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-------------
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-------------
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2019
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2018
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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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Other debtors
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-------------
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-------------
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-------------
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-------------
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2019
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2018
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£
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£
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Other debtors
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----------
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----------
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2019
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2018
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£
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£
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Payments received on account
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Trade creditors
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Accruals and deferred income
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Corporation tax
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–
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Social security and other taxes
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Other creditors
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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 2019
|
|
Additions
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|
----------
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At 31 December 2019
|
|
----------
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2019
|
2018
|
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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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2019
|
2018
|
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£
|
£
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Accelerated capital allowances
|
|
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Pension plan obligations
|
–
|
(
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----------
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----------
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163,752
|
100,722
|
|
----------
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----------
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2019
|
2018
|
|||
No.
|
£
|
No.
|
£
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1,000,000
|
|
1,000,000
|
-------------
|
-------------
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-------------
|
-------------
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2019
|
2018
|
|
£
|
£
|
|
Not later than 1 year
|
|
|
Later than 1 year and not later than 5 years
|
|
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---------
|
---------
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---------
|
---------
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