STATEMENT OF CONSENT TO PREPARE ABRIDGED FINANCIAL STATEMENTS
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ABRIDGED 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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Directors' Report
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2
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Abridged Statement of Income and Retained Earnings
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3
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Abridged Statement of Financial Position
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4
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Notes to the Abridged Financial Statements
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6
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Chartered Certified Accountants Report to the Board of Directors on the Preparation of the Unaudited Statutory Abridged Financial Statements
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10
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Detailed Abridged Income Statement
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11
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Notes to the Detailed Abridged Income Statement
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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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Accountants
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Chartered Certified Accountants
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3 High Street
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St Lawrence
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Ramsgate
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Kent
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CT11 0QL
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Bankers
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3 Queen Street
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Ramsgate
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Kent
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CT11 9DL
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DIRECTORS' REPORT
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Director
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Registered office:
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ABRIDGED STATEMENT OF INCOME AND RETAINED EARNINGS
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2017
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2016
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Note
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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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Operating profit/(loss)
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(
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Other interest receivable and similar income
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Interest payable and similar expenses
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Profit/(loss) before taxation
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5
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(
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Tax on profit/(loss)
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–
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–
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---------
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Profit/(loss) for the financial year and total comprehensive income
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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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ABRIDGED STATEMENT OF FINANCIAL POSITION
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2017
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2016
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Note
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£
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£
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£
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Tangible assets
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6
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Stocks
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Debtors
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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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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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Net assets
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Called up share capital
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Other reserves
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Profit and loss account
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Members funds
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ABRIDGED STATEMENT OF FINANCIAL POSITION (continued)
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Director
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NOTES TO THE ABRIDGED FINANCIAL STATEMENTS
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Plant & Machinery
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-
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Fixtures & Fittings
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-
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Motor Vehicles
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-
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Equipment
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-
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25% reducing balance
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2017
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2016
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£
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£
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Depreciation of tangible assets
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£
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Cost
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At 1 September 2016
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Additions
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At 31 August 2017
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Depreciation
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At 1 September 2016
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Charge for the year
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At 31 August 2017
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Carrying amount
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At 31 August 2017
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135,895
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At 31 August 2016
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128,886
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Balance brought forward and outstanding
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2017
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2016
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£
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£
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-------
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MANAGEMENT INFORMATION
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CHARTERED CERTIFIED ACCOUNTANTS REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY ABRIDGED FINANCIAL STATEMENTS OF
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DETAILED ABRIDGED INCOME STATEMENT
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2017
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2016
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£
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£
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Turnover
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Purchases
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838,948
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858,336
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Wages and salaries
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667,008
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850,394
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Subcontractor costs
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236,047
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313,014
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1,742,003
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2,021,744
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Gross profit
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Administrative expenses
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526,933
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540,236
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Operating profit/(loss)
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(
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Other interest receivable and similar income
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8
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36
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Interest payable and similar expenses
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(3,121)
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(4,022)
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Profit/(loss) before taxation
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20,939
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(77,486)
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NOTES TO THE DETAILED ABRIDGED INCOME STATEMENT
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2017
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2016
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£
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£
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Directors salaries
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69,100
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78,991
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Directors health insurance
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563
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704
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Directors pensions
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3,966
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1,515
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Management and service charges
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72,400
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68,240
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Rates and water
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47,348
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49,303
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Light and heat
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34,468
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37,017
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Insurance
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19,589
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26,625
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Repairs and renewals
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36,781
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39,406
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Motor and travel expenses
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99,731
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88,666
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Equipment leasing charges
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8,806
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5,465
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Telephone and postage
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4,902
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11,073
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Printing and stationery
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7,816
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7,655
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Sundry expenses
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4,116
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5,201
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Advertising and marketing
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29,169
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35,621
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Legal and professional fees
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–
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27
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Fees and subscriptions
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25,284
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27,845
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Accountancy fees
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14,550
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9,000
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Depreciation
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35,025
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33,943
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Loss on disposal of fixed assets
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–
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4,600
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Bad debts written off
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–
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3,949
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Invoice discounting charges
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11,601
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2,652
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Bank charges
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1,718
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2,738
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526,933
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540,236
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Bank interest receivable
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8
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36
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----
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----
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Bank interest payable
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119
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537
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Hire purchase and finance lease charges
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3,121
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4,022
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