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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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3
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Independent auditor's report to the members
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6
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Profit and loss account
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9
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Balance sheet
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10
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Statement of cash flows
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11
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Notes to the financial statements
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12
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OFFICERS AND PROFESSIONAL ADVISERS
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The board of directors
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Registered office
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Auditor
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Chartered accountants & statutory auditor
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Cedar House
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Hazell Drive
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Newport
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NP10 8FY
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STRATEGIC REPORT
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2020 | 2019 | |||
£'000 | £'000 | |||
Turnover | 77,862 | 77,242 | ||
Gross Profit (%) | 9 | 9 | ||
Operating profit | 1,214 | 1,448 | ||
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Director
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DIRECTORS' REPORT
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Unit
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2020
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2019
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Emissions resulting from Gaseous and other fuels (Scope 1)
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tCO2e
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17
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–
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Emissions resulting from the purchase of electricity (Scope 2)
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tCO2e
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218
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–
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Emissions resulting from transportation (Scope 1 and 3)
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tCO2e
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271
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–
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----
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----
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Total emissions
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tCO2e
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506
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–
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Total energy consumption (kWh)
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kWh
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2,026,088
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–
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Intensity metric - tCO2e per £m turnover
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6.55
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-
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------------
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----
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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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Cedar House
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Hazell Drive
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Newport
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NP10 8FY
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PROFIT AND LOSS ACCOUNT
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2020
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2019
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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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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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5
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Other interest receivable and similar income
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9
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–
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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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------------
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PROFIT FOR THE FINANCIAL YEAR AND TOTAL COMPREHENSIVE INCOME
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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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RETAINED EARNINGS AT THE END OF THE YEAR
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BALANCE SHEET
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2020
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2019
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Note
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£
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£
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Tangible assets
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13
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Investments
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14
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Stocks
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15
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Debtors
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16
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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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17
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(
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(
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NET CURRENT ASSETS
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TOTAL ASSETS LESS CURRENT LIABILITIES
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CREDITORS: amounts falling due after more than one year
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18
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(
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(
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PROVISIONS
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20
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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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Capital redemption reserve
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24
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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 CASH FLOWS
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2020
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2019
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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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Other interest receivable and similar income
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–
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(
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Interest payable and similar expenses
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Loss on disposal of tangible assets
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–
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Tax on profit
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Accrued expenses
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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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Cash generated from operations
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Interest paid
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(
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(
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Interest received
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–
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Tax paid
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(
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(
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Net cash from operating activities
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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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Net cash used in investing activities
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(
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(
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Repayments of borrowings
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(
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(
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Payments of finance lease liabilities
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(
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(
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Dividends paid
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(
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(
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Net cash used in financing activities
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(
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(
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NET INCREASE IN CASH AND CASH EQUIVALENTS
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CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR
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2,807,432
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1,806,050
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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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Land and buildings
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-
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2% straight line method in buildings and nil on land
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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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2020
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2019
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£
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£
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Sale of goods
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2020
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2019
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£
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£
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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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30,000
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22,001
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---------
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2020
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2019
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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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Taxation compliance services
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Other non-audit services
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-------
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-------
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7,646
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7,675
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-------
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-------
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2020
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2019
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No.
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No.
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Administrative staff
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Management staff
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6
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6
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Number of sales and delivery staff
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99
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101
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----
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----
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----
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----
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2020
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2019
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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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2020
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2019
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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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2020
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2019
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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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2020
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2019
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£
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£
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Aggregate remuneration
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---------
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---------
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2020
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2019
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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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----
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2020
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2019
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£
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£
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Interest on banks loans and overdrafts
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Interest on obligations under finance leases and hire purchase contracts
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--------
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--------
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--------
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2020
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2019
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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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2020
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2019
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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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Effect of different UK tax rates on some earnings
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–
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(1,208)
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Effect of change in UK tax rates
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14,568
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–
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------------
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Tax on profit
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2020
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2019
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£
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£
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Dividends on equity shares
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---------
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---------
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Freehold property
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Fixtures and fittings
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Motor vehicles
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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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Cost
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At 1 May 2019
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Additions
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–
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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 30 April 2020
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------------
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Depreciation
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At 1 May 2019
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Charge for the year
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------------
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---------
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At 30 April 2020
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------------
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Carrying amount
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At 30 April 2020
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------------
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---------
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At 30 April 2019
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------------
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Fixtures and fittings
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Motor vehicles
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Total
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£
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£
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£
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At 30 April 2020
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---------
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---------
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---------
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At 30 April 2019
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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 May 2019 and 30 April 2020
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--------
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Impairment
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At 1 May 2019 and 30 April 2020
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–
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--------
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Carrying amount
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At 30 April 2020
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--------
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At 30 April 2019
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--------
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2020
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2019
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£
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£
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Stock
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------------
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-------------
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2020
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2019
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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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------------
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------------
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2020
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2019
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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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Accruals and deferred income
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Corporation tax
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Social security and other taxes
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Obligations under finance leases and hire purchase contracts
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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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2020
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2019
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£
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£
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Bank loans and overdrafts
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Obligations under finance leases and hire purchase contracts
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---------
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---------
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---------
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---------
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2020
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2019
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£
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£
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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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---------
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---------
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Less: future finance charges
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(
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(
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---------
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---------
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Present value of minimum lease payments
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---------
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---------
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Deferred tax (note 21)
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£
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At 1 May 2019
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Additions
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---------
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At 30 April 2020
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---------
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2020
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2019
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£
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£
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Included in provisions (note 20)
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---------
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---------
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2020
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2019
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£
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£
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Accelerated capital allowances
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---------
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---------
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2020
|
2019
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No.
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£
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No.
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£
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80
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80
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----
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----
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----
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----
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At 1 May 2019
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Cash flows
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At 30 Apr 2020
|
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£
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£
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£
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Cash at bank and in hand
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2,560,445
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Debt due within one year
|
(190,901)
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(22,251)
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(213,152)
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Debt due after one year
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(803,245)
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161,025
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(642,220)
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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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2020
|
2019
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£
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£
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Not later than 1 year
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--------
|
--------
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2020 | 2019 | ||
£ | £ | ||
Mr M Yaqub | – | 6,633 | |
---- | ------- | ||
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57,190 | 2,322 |
-------- | ------- | |
|
NOTES TO THE FINANCIAL STATEMENTS (continued)
|