REGISTERED NUMBER:
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JEEVES OF BELGRAVIA LIMITED |
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REPORT OF THE DIRECTORS AND |
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE PERIOD 29 SEPTEMBER 2019 TO 26 SEPTEMBER 2020 |
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REGISTERED NUMBER:
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JEEVES OF BELGRAVIA LIMITED |
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REPORT OF THE DIRECTORS AND |
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE PERIOD 29 SEPTEMBER 2019 TO 26 SEPTEMBER 2020 |
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JEEVES OF BELGRAVIA LIMITED (REGISTERED NUMBER: 01331370) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE PERIOD 29 SEPTEMBER 2019 TO 26 SEPTEMBER 2020 |
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Page |
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Company Information | 1 |
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Report of the Directors | 2 |
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Income Statement | 3 |
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Balance Sheet | 4 |
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Statement of Changes in Equity | 6 |
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Notes to the Financial Statements | 7 |
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JEEVES OF BELGRAVIA LIMITED |
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COMPANY INFORMATION |
FOR THE PERIOD 29 SEPTEMBER 2019 TO 26 SEPTEMBER 2020 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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JEEVES OF BELGRAVIA LIMITED (REGISTERED NUMBER: 01331370) |
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REPORT OF THE DIRECTORS |
FOR THE PERIOD 29 SEPTEMBER 2019 TO 26 SEPTEMBER 2020 |
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The directors present their report with the financial statements of the company for the period 29 September 2019 to 26 September 2020. |
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PRINCIPAL ACTIVITY |
The principal activity of the company in the period under review was that of the provision of retail and commercial dry |
cleaning and other associated support services in the United Kingdom, and no change is envisaged. |
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DIRECTORS |
The directors shown below have held office during the whole of the period from 29 September 2019 to the date of this |
report. |
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This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small |
companies. |
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ON BEHALF OF THE BOARD: |
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JEEVES OF BELGRAVIA LIMITED (REGISTERED NUMBER: 01331370) |
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INCOME STATEMENT |
FOR THE PERIOD 29 SEPTEMBER 2019 TO 26 SEPTEMBER 2020 |
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Period | Period |
29.9.19 to 26.9.20 | 1.10.18 to 28.9.19 |
Notes | £ | £ | £ | £ |
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TURNOVER |
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Cost of sales |
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GROSS PROFIT |
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Distribution costs |
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Administrative expenses |
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1,281,848 | 1,178,344 |
(1,229,012 | ) | 5,150 |
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Other operating income |
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OPERATING (LOSS)/PROFIT | 4 | ( |
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Interest receivable and similar income |
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(LOSS)/PROFIT BEFORE TAXATION | ( |
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Tax on (loss)/profit |
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(LOSS)/PROFIT FOR THE FINANCIAL
PERIOD |
( |
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JEEVES OF BELGRAVIA LIMITED (REGISTERED NUMBER: 01331370) |
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BALANCE SHEET |
26 SEPTEMBER 2020 |
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2020 | 2019 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 5 |
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Tangible assets | 6 |
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CURRENT ASSETS |
Stocks |
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Debtors | 7 |
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Cash in hand |
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CREDITORS |
Amounts falling due within one year | 8 |
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NET CURRENT (LIABILITIES)/ASSETS | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
( |
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PROVISIONS FOR LIABILITIES |
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NET (LIABILITIES)/ASSETS | ( |
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CAPITAL AND RESERVES |
Called up share capital |
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Share premium |
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Retained earnings | ( |
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SHAREHOLDERS' FUNDS | ( |
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The directors acknowledge their responsibilities for: |
(a) |
ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies
Act 2006 and |
(b) |
preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
JEEVES OF BELGRAVIA LIMITED (REGISTERED NUMBER: 01331370) |
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BALANCE SHEET - continued |
26 SEPTEMBER 2020 |
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The financial statements were approved by the Board of Directors and authorised for issue on
signed on its behalf by: |
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JEEVES OF BELGRAVIA LIMITED (REGISTERED NUMBER: 01331370) |
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STATEMENT OF CHANGES IN EQUITY |
FOR THE PERIOD 29 SEPTEMBER 2019 TO 26 SEPTEMBER 2020 |
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Called up |
share | Retained | Share | Total |
capital | earnings | premium | equity |
£ | £ | £ | £ |
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Balance at 1 October 2018 |
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Changes in equity |
Total comprehensive income | - |
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Balance at 28 September 2019 |
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( |
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Changes in equity |
Total comprehensive income | - | ( |
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Balance at 26 September 2020 |
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( |
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JEEVES OF BELGRAVIA LIMITED (REGISTERED NUMBER: 01331370) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE PERIOD 29 SEPTEMBER 2019 TO 26 SEPTEMBER 2020 |
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1. | STATUTORY INFORMATION |
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Jeeves of Belgravia Limited is a
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company's registered number and registered office address can be found on the Company Information page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, |
value added tax and other sales taxes. |
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Intangible assets |
Acquired software licences are capitalised on the basis of the costs incurred to acquire and bring to use the |
specific software, and are included on the Balance Sheet within intangible assets. Costs are amortised, once |
commissioned, over their estimated useful lives (4 -10 years). |
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Tangible fixed assets |
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Short leasehold | - |
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Plant and machinery | - |
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Fixtures and fittings | - |
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Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow |
moving items. |
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Taxation |
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to |
the extent that it relates to items recognised in other comprehensive income or directly in equity. |
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Current or deferred taxation assets and liabilities are not discounted. |
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Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or |
substantively enacted by the balance sheet date. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
sheet date. |
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Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from |
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that |
have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the |
timing difference. |
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Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they |
will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
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Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the |
lease. |
JEEVES OF BELGRAVIA LIMITED (REGISTERED NUMBER: 01331370) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 29 SEPTEMBER 2019 TO 26 SEPTEMBER 2020 |
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2. | ACCOUNTING POLICIES - continued |
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Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the company's pension |
scheme are charged to profit or loss in the period to which they relate. |
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Revenue recognition |
Revenue represents the fair value of consideration received or receivable for the sale of goods and services |
supplied in the ordinary course of the Company's activities, and is stated exclusive of Value Added Tax, similar |
taxes, discounts, rebates ad after eliminating any sales within the Company. |
The Company recognises revenue when the amount of revenue can be reliably measured, it is probable that |
future economic benefits will flow to the entity and when specific criteria have been met for each of the |
Company's activities as described below: |
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Service revenue |
Dry cleaning revenue is recognised at the time items are processed. |
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Sale of goods revenue |
Revenue is recognised when goods are sold from retail outlets or delivered to customers. |
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Government grant income |
The group received government grant income in the form of the Coronavirus Job Retention Scheme which relates |
to colleagues furloughed as a result of Covid 19. The grant has been accounted for under the accrual method and |
the income has been recognised in full in the profit and loss account in the period to which it relates. The total |
grant received in this year was £317,184. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the period was
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4. | OPERATING (LOSS)/PROFIT |
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The operating loss (2019 - operating profit) is stated after charging: |
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Period | Period |
29.9.19 | 1.10.18 |
to | to |
26.9.20 | 28.9.19 |
£ | £ |
Depreciation - owned assets |
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Loss on disposal of fixed assets |
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JEEVES OF BELGRAVIA LIMITED (REGISTERED NUMBER: 01331370) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 29 SEPTEMBER 2019 TO 26 SEPTEMBER 2020 |
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5. | INTANGIBLE FIXED ASSETS |
Other |
intangible |
assets |
£ |
COST |
At 29 September 2019 |
and 26 September 2020 |
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AMORTISATION |
At 29 September 2019 |
and 26 September 2020 |
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NET BOOK VALUE |
At 26 September 2020 |
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At 28 September 2019 |
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6. | TANGIBLE FIXED ASSETS |
Fixtures |
Short | Plant and | and |
leasehold | machinery | fittings | Totals |
£ | £ | £ | £ |
COST |
At 29 September 2019 |
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Additions |
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Disposals |
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( |
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At 26 September 2020 |
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DEPRECIATION |
At 29 September 2019 |
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Charge for period |
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Eliminated on disposal |
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At 26 September 2020 |
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NET BOOK VALUE |
At 26 September 2020 |
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At 28 September 2019 |
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7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2020 | 2019 |
£ | £ |
Trade debtors |
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Amounts owed by group undertakings |
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Other debtors |
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JEEVES OF BELGRAVIA LIMITED (REGISTERED NUMBER: 01331370) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 29 SEPTEMBER 2019 TO 26 SEPTEMBER 2020 |
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8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2020 | 2019 |
£ | £ |
Trade creditors |
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Amounts owed to group undertakings |
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Taxation and social security |
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Other creditors |
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9. | ULTIMATE CONTROLLING PARTY |
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The company is a wholly owned subsidiary undertaking of Timpson Group Plc, incorporated in Great Britain and |
registered in England and Wales. |
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The largest group in which the results of the company are consolidated is that headed by Timpson Holdings |
Limited, a company incorporated in Great Britain and registered in England and Wales. The smallest group in |
which the results of the company are consolidated is headed by Timpson Group Plc. |
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The directors view the ultimate controlling party to be Mr WJA Timpson, by virtue of his family's controlling |
interest in Timpson Holdings Limited. |
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The consolidated financial statements of these groups are available to the public and may be obtained from the |
Company Secretary, Timpson House, Claverton Road, Wythenshawe, Manchester, M23 9TT. |