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REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31 DECEMBER 2016 |
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INTERPLAY UK LIMITED |
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REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31 DECEMBER 2016 |
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FOR |
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INTERPLAY UK LIMITED |
INTERPLAY UK LIMITED (REGISTERED NUMBER: 02799998) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 DECEMBER 2016 |
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Company Information | 1 |
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Accountants' Report | 2 |
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Balance Sheet | 3 | to | 4 |
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Notes to the Financial Statements | 5 | to | 9 |
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INTERPLAY UK LIMITED |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 31 DECEMBER 2016 |
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DIRECTOR: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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ST Hampden Limited |
57 London Road |
High Wycombe |
Buckinghamshire |
HP11 1BS |
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BANKERS: |
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56 High Street |
Marlow |
Buckinghamshire |
SL7 1AJ |
ACCOUNTANTS' REPORT TO THE DIRECTOR |
ON THE UNAUDITED FINANCIAL STATEMENTS OF |
INTERPLAY UK LIMITED |
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The following reproduces the text of the report prepared for the director and members in respect of |
the company's annual unaudited financial statements. In accordance with the Companies Act 2006, |
the company is only required to file a Balance Sheet. Readers are cautioned that the Income |
Statement and certain other primary statements and the Report of the Director are not required to be |
filed with the Registrar of Companies. |
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In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval |
the financial statements of Interplay UK Limited for the year ended 31 December 2016 which comprise the |
Income Statement, Balance Sheet, and the related notes from the company's accounting records and from |
information and explanations you have given us. |
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As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance. |
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This report is made solely to the director of Interplay UK Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Interplay UK Limited and state those matters that we have agreed to state to the director of Interplay UK Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Interplay UK Limited director for our work or for this report. |
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It is your duty to ensure that Interplay UK Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Interplay UK Limited. You consider that Interplay UK Limited is exempt from the statutory audit requirement for the year. |
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We have not been instructed to carry out an audit or a review of the financial statements of Interplay UK Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
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ST Hampden Limited |
57 London Road |
High Wycombe |
Buckinghamshire |
HP11 1BS |
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INTERPLAY UK LIMITED (REGISTERED NUMBER: 02799998) |
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BALANCE SHEET |
31 DECEMBER 2016 |
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2016 | 2015 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
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Tangible assets | 5 |
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CURRENT ASSETS |
Stocks |
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Debtors | 6 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 7 |
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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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PROVISIONS FOR LIABILITIES | ( |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital |
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Share premium |
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Capital redemption reserve |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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The director acknowledges his responsibilities for: |
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ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the
Companies Act 2006 and |
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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. |
INTERPLAY UK LIMITED (REGISTERED NUMBER: 02799998) |
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BALANCE SHEET - continued |
31 DECEMBER 2016 |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the director on
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INTERPLAY UK LIMITED (REGISTERED NUMBER: 02799998) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 DECEMBER 2016 |
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1. | GENERAL INFORMATION |
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Interplay UK 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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Interplay (UK) Limited is a private company limited by shares and incorporated in England and Wales. |
The address of the company's registered office is Unit D, Meter House, Fieldhouse Lane, Marlow, |
Buckinghamshire, SL7 1LW. The registered number is 02799998. |
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The principal activity of the company is that of manufacturing educational toys. |
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The presentation currency of these financial statements is Sterling (£), being the currency of the |
primary economic market in which the entity operates (its functional currency). All amounts in these |
financial statements have been rounded to the nearest pound unless stated otherwise. |
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The significant accounting policies applied in the preparation of these financial statements are set out |
below. These policies have been consistently applied to all years presented unless otherwise stated. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
These financial statements have been prepared in accordance with the provisions of Section 1A "Small |
Entities" of Financial Reporting Standard 102 (effective September 2015) "The Financial Reporting |
Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial |
statements have been prepared under the historical cost convention. |
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Transition to FRS 102 |
The entity transitioned from previous UK GAAP to Section 1A of FRS 102 (effective September 2015) |
as at 1 January 2015. Details of how Section 1A of FRS 102 (effective September 2015) has affected |
the reported financial position and financial performance are given in note 14. |
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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 |
Development costs have been capitalised as intangible fixed assets and written off over their |
estimated economical life of three years, starting when sales begin. If the related future sales cannot |
reasonably be expected to exceed the costs, the capitalised amounts are written off immediately. |
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Tangible fixed assets |
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Plant and machinery | - |
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Fixtures and fittings | - |
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Motor vehicles | - |
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Computer equipment | - |
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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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INTERPLAY UK LIMITED (REGISTERED NUMBER: 02799998) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 DECEMBER 2016 |
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2. | ACCOUNTING POLICIES - continued |
Taxation |
Tax on the profit or loss for the year comprises current and deferred tax. Tax is recognised in the |
income statement except to the extent that it relates to items recognised directly in equity or other |
comprehensive income, in which case it is recognised directly in equity or other comprehensive |
income. |
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Current tax is the expected tax payable or receivable on the taxable income or loss for the year, using |
tax rates enacted or substantively enacted at the balance sheet date, and any adjustment to tax |
payable in respect of previous years. |
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Deferred tax |
Deferred tax is provided on timing differences which arise from the inclusion of income and expenses |
in tax assessments in periods different from those in which they are recognised in the financial |
statements. Differences between accumulated depreciation and tax allowances for the cost of a fixed |
asset, if and when all conditions for retaining the tax allowances have been met, are not provided for. |
Deferred tax is not recognised on permanent differences arising because certain types of income or |
expense are non-taxable or are disallowable for tax or because certain tax charges or allowances are |
greater or smaller than the corresponding income or expense. |
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Deferred tax is measured at the tax rate that is expected to apply to the reversal of the related |
difference, using tax rates enacted or substantively enacted at the balance sheet date. Deferred tax |
balances are not discounted. |
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Unrelieved tax losses and other deferred tax assets are recognised only to the extent that is it probable |
that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
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Foreign currencies |
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at |
the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of |
exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at |
the operating result. |
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Hire purchase and leasing commitments |
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. |
Those held under hire purchase contracts are depreciated over their estimated useful lives. Those |
held under finance leases are depreciated over their estimated useful lives or the lease term, |
whichever is the shorter. |
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The interest element of these obligations is charged to profit or loss over the relevant period. The |
capital element of the future payments is treated as a liability. |
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Rentals paid under operating leases are charged to profit or loss on a straight line basis over the |
period of the lease. |
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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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Financial instruments |
The company has applied the provisions of Section 11 "Basic Financial Instruments" and Section 12 |
"Other Financial Instrument Issues" of FRS 102 (effective September 2015) to its financial statements. |
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Financial instruments are classified and accounted for, according to the substance of the contractual |
arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument |
is any contract that evidences a residual interest in the assets of the company after deducting all of its |
liabilities. |
INTERPLAY UK LIMITED (REGISTERED NUMBER: 02799998) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 DECEMBER 2016 |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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4. | INTANGIBLE FIXED ASSETS |
Development |
costs |
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COST |
At 1 January 2016 |
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Additions |
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At 31 December 2016 |
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AMORTISATION |
At 1 January 2016 |
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Amortisation for year |
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At 31 December 2016 |
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NET BOOK VALUE |
At 31 December 2016 |
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At 31 December 2015 |
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5. | TANGIBLE FIXED ASSETS |
Fixtures |
Plant and | and | Motor | Computer |
machinery | fittings | vehicles | equipment | Totals |
£ | £ | £ | £ | £ |
COST |
At 1 January 2016 |
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Additions |
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At 31 December 2016 |
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DEPRECIATION |
At 1 January 2016 |
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Charge for year |
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At 31 December 2016 |
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NET BOOK VALUE |
At 31 December 2016 |
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At 31 December 2015 |
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INTERPLAY UK LIMITED (REGISTERED NUMBER: 02799998) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 DECEMBER 2016 |
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6. | DEBTORS |
2016 | 2015 |
£ | £ |
Amounts falling due within one year: |
Trade debtors |
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Other debtors |
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Corporation tax |
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Prepayments and accrued income |
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Amounts falling due after more than one year: |
Prepayments and accrued income |
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Aggregate amounts |
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7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2016 | 2015 |
£ | £ |
Bank loans and overdrafts |
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Trade creditors |
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Taxation and social security |
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Other creditors |
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8. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR |
2016 | 2015 |
£ | £ |
Other creditors |
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9. | SECURED DEBTS |
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The following secured debts are included within creditors: |
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2016 | 2015 |
£ | £ |
Factoring advance |
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Bank overdraft |
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10. | CAPITAL COMMITMENTS |
2016 | 2015 |
£ | £ |
Contracted but not provided for in the |
financial statements |
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INTERPLAY UK LIMITED (REGISTERED NUMBER: 02799998) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 DECEMBER 2016 |
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11. | RELATED PARTY DISCLOSURES |
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At the year end there was a balance owed to a director in respect of the director's current account of |
£127,729 (2015 - £32,581). |
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12. | FIRST YEAR ADOPTION |
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These are the first financial statements that comply with Section 1A of FRS 102 (effective September |
2015). The company transitioned to Section 1A of FRS 102 (effective September 2015) on 1 January |
2015. |
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No transitional adjustments were required on equity or profit or loss for the period. |
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