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REGISTERED NUMBER:
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Unaudited Financial Statements |
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for the Year Ended 28 February 2019 |
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for |
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Junkbars Nottingham Ltd |
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REGISTERED NUMBER:
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Unaudited Financial Statements |
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for the Year Ended 28 February 2019 |
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for |
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Junkbars Nottingham Ltd |
Junkbars Nottingham Ltd (Registered number: 03842931) |
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Contents of the Financial Statements |
for the Year Ended 28 February 2019 |
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Page |
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Company Information | 1 |
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Statement of Financial Position | 2 |
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Notes to the Financial Statements | 4 |
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Chartered Accountants' Report | 9 |
Junkbars Nottingham Ltd |
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Company Information |
for the Year Ended 28 February 2019 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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BUSINESS ADDRESS: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
3rd Floor |
Butt Dyke House |
33 Park Row |
Nottingham |
NG1 6EE |
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BANKERS: |
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Leicester |
Leicestershire |
LE87 2BB |
Junkbars Nottingham Ltd (Registered number: 03842931) |
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Statement of Financial Position |
28 February 2019 |
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2019 | 2018 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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Investments | 5 |
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CURRENT ASSETS |
Stocks |
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Debtors | 6 |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year | 7 |
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NET CURRENT (LIABILITIES)/ASSETS | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
( |
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CREDITORS |
Amounts falling due after more than one
year |
8 |
( |
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PROVISIONS FOR LIABILITIES |
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( |
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NET (LIABILITIES)/ASSETS | ( |
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CAPITAL AND RESERVES |
Called up share capital | 11 |
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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. |
Junkbars Nottingham Ltd (Registered number: 03842931) |
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Statement of Financial Position - continued |
28 February 2019 |
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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 Board of Directors on
behalf by: |
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Junkbars Nottingham Ltd (Registered number: 03842931) |
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Notes to the Financial Statements |
for the Year Ended 28 February 2019 |
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1. | STATUTORY INFORMATION |
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Junkbars Nottingham Ltd is a
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The company's registered number and registered office address can be found on the Company |
Information page. |
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The presentation currency of the financial statements is the Pound Sterling (£). |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Preparation of consolidated financial statements |
The financial statements contain information about Junkbars Nottingham Ltd as an individual company |
and do not contain consolidated financial information as the parent of a group. The company is exempt |
under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated |
financial statements. |
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Turnover |
Turnover represents net invoiced sales of goods and services, excluding value added tax. |
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Tangible fixed assets |
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Improvements to property | - |
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Fixtures and fittings | - |
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Computer equipment | - |
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Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost. |
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Stocks |
Stocks are valued at the lower of cost and estimated selling prices less costs to complete and sell, |
after making due allowance for obsolete and slow moving. |
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Taxation |
Taxation 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 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 statement of financial position date. |
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Junkbars Nottingham Ltd (Registered number: 03842931) |
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Notes to the Financial Statements - continued |
for the Year Ended 28 February 2019 |
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2. | ACCOUNTING POLICIES - continued |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at |
the statement of financial position 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 year 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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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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Going concern |
The company has made a loss on ordinary activities before taxation of £177,571 (2018: £40,114) and |
the balance sheet details net liabilities of £422,188 (2018: Assets £38,766). The directors believe that |
the company has adequate cash resources to finance its trading and other obligations during the |
course of the twelve months from the balance sheet sign off date. It is on this basis that the directors |
consider it appropriate to prepare the financial statements on a going concern basis. |
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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. | TANGIBLE FIXED ASSETS |
Improvements | Fixtures |
to | and | Computer |
property | fittings | equipment | Totals |
£ | £ | £ | £ |
COST |
At 1 March 2018 |
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Additions |
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Disposals |
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( |
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At 28 February 2019 |
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DEPRECIATION |
At 1 March 2018 |
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Charge for year |
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Eliminated on disposal |
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( |
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At 28 February 2019 |
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NET BOOK VALUE |
At 28 February 2019 |
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At 28 February 2018 |
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Junkbars Nottingham Ltd (Registered number: 03842931) |
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Notes to the Financial Statements - continued |
for the Year Ended 28 February 2019 |
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4. | TANGIBLE FIXED ASSETS - continued |
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Fixed assets, included in the above, which are held under finance leases are as follows: |
Fixtures |
and |
fittings |
£ |
COST |
Additions |
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At 28 February 2019 |
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DEPRECIATION |
Charge for year |
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At 28 February 2019 |
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NET BOOK VALUE |
At 28 February 2019 |
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5. | FIXED ASSET INVESTMENTS |
Shares in |
group |
undertakings |
£ |
COST |
At 1 March 2018 |
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Additions |
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At 28 February 2019 |
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NET BOOK VALUE |
At 28 February 2019 |
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At 28 February 2018 |
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The company's investments at the Statement of Financial Position date in the share capital of |
companies include the following: |
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Registered office: 3rd Floor Butt Dyke House, 33 Park Row, Nottingham, NG1 6EE |
Nature of business:
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Class of shares: | holding |
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Registered office: 12 Ashling Court, Nottingham, NG2 3JA |
Nature of business:
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Class of shares: | holding |
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Junkbars Nottingham Ltd (Registered number: 03842931) |
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Notes to the Financial Statements - continued |
for the Year Ended 28 February 2019 |
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6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2019 | 2018 |
£ | £ |
Amounts owed by group undertakings |
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Other debtors |
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Prepayments |
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7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2019 | 2018 |
£ | £ |
Other loans - less than 1 year |
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Finance leases (see note 9) |
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Trade creditors |
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Corporation tax |
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Social security and other taxes |
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Wage creditor |
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Pension | 1,034 | 95 |
Other creditors |
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Directors' current accounts |
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Accrued expenses |
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8. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR |
2019 | 2018 |
£ | £ |
Other loans - 1-2 years |
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Other loans - 2-5 years |
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Finance leases (see note 9) |
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9. | LEASING AGREEMENTS |
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Minimum lease payments fall due as follows: |
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Finance leases |
2019 | 2018 |
£ | £ |
Net obligations repayable: |
Within one year |
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Between one and five years |
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Junkbars Nottingham Ltd (Registered number: 03842931) |
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Notes to the Financial Statements - continued |
for the Year Ended 28 February 2019 |
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9. | LEASING AGREEMENTS - continued |
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Non-cancellable |
operating leases |
2019 | 2018 |
£ | £ |
Within one year |
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Between one and five years |
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In more than five years |
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10. | SECURED DEBTS |
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The following secured debts are included within creditors: |
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2019 | 2018 |
£ | £ |
Other loans | 81,807 | - |
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The company's liabilities to Enterprise Loans East Midlands are secured by way of a fixed charge over |
all of the assets of the company. |
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11. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2019 | 2018 |
value: | £ | £ |
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Ordinary A | £1 | 10 | 10 |
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Ordinary B | £1 | 1 | 1 |
11 | 11 |
Chartered Accountants' Report to the Board of Directors |
on the Unaudited Financial Statements of |
Junkbars Nottingham Ltd |
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The following reproduces the text of the report prepared for the directors 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 Statement of Financial Position. Readers are cautioned that the Income |
Statement and certain other primary statements and the Report of the Directors 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 Junkbars Nottingham Ltd for the year ended 28 February 2019 which comprise the |
Income Statement, Statement of Financial Position 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 Board of Directors of Junkbars Nottingham Ltd, as a body, in accordance with the terms of our engagement letter dated 3 August 2016. Our work has been undertaken solely to prepare for your approval the financial statements of Junkbars Nottingham Ltd and state those matters that we have agreed to state to the Board of Directors of Junkbars Nottingham Ltd, as a body, 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 Junkbars Nottingham Ltd and its Board of Directors, as a body, for our work or for this report. |
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It is your duty to ensure that Junkbars Nottingham Ltd 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 loss of Junkbars Nottingham Ltd. You consider that Junkbars Nottingham Ltd 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 Junkbars Nottingham Ltd. 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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Chartered Accountants |
3rd Floor |
Butt Dyke House |
33 Park Row |
Nottingham |
NG1 6EE |
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