Company registration number:
04186064
Ampec Limited
Unaudited financial statements
31 May 2018
Ampec Limited
Contents
Directors and other information
Accountants report
Statement of financial position
Notes to the financial statements
Ampec Limited
Directors and other information
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Directors
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S P Gallagher
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C P Gallagher
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Secretary
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C P Gallagher
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Company number
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04186064
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Registered office
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84 Turpin Green Lane
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Leyland
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PR25 3HP
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Business address
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84 Turpin Green Lane
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Leyland
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PR25 3HP
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Accountants
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Leach Briely
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Craven House
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32 Lee Lane
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Horwich
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Bolton
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BL6 7BY
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Ampec Limited
Accountants report to the board of directors on the preparation of the
unaudited statutory financial statements of Ampec Limited
Year ended 31 May 2018
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Ampec Limited for the year ended 31 May 2018 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at www.accaglobal.co.uk.
This report is made solely to the board of directors of Ampec Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Ampec Limited and state those matters that we have agreed to state to the board of directors of Ampec Limited as a body, in this report in accordance with the requirements of Association of Chartered Certified Accountants as detailed at www.accaglobal.co.uk To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Ampec Limited and its board of directors as a body for our work or for this report.
It is your duty to ensure that Ampec 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 Ampec Limited. You consider that Ampec Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Ampec 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.
Leach Briely
Accountants
Craven House
32 Lee Lane
Horwich
Bolton
BL6 7BY
12 September 2018
Ampec Limited
Statement of financial position
31 May 2018
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2018
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2017
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Note
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£
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£
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£
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£
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Fixed assets
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Intangible assets
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6
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-
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-
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Tangible assets
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7
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6,375
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453
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_______
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_______
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6,375
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453
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Current assets
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Stocks
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973
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865
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Debtors
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8
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16,217
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8,916
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Cash at bank and in hand
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28,123
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63,502
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_______
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_______
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45,313
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73,283
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Creditors: amounts falling due
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within one year
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9
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(
48,278)
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(
73,615)
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_______
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_______
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Net current liabilities
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(
2,965)
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(
332)
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_______
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_______
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Total assets less current liabilities
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3,410
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121
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_______
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Net assets
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3,410
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121
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_______
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_______
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Capital and reserves
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Called up share capital
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10
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100
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100
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Profit and loss account
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3,310
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21
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_______
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Shareholders funds
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3,410
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121
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_______
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_______
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For the year ending 31 May 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
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The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
12 September 2018
, and are signed on behalf of the board by:
S P Gallagher
Director
Company registration number:
04186064
Ampec Limited
Notes to the financial statements
Year ended 31 May 2018
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 84 Turpin Green Lane, Leyland, PR25 3HP.
2.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.
Turnover
Turnover is measured at the total invoice value, excluding value added tax, of computer installation and maintenance services provided during the year.
Taxation
The taxation expense represents the aggregate amount of current tax recognised in the reporting period. Tax is recognised in the statement of income and retained earnings. Current tax is recognised on taxable profit for the current period. Current tax is measured at the amounts of tax expected to be paid using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Tangible assets
Tangible assets are initally recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
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Plant and machinery
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20 %
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reducing balance
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Motor vehicles
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25 %
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reducing balance
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If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Stocks
Stocks are measured at cost.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
2
(2017:
2
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5.
Tax on profit
Major components of tax expense
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2018
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2017
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£
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£
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Current tax:
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UK current tax expense
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8,376
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10,815
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Tax on profit
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8,376
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10,815
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6.
Intangible assets
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Goodwill
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Total
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£
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£
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Cost
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At 1 June 2017 and 31 May 2018
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5,000
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5,000
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Amortisation
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At 1 June 2017 and 31 May 2018
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5,000
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5,000
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_______
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Carrying amount
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At 31 May 2018
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-
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-
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_______
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_______
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At 31 May 2017
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-
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-
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_______
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_______
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7.
Tangible assets
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Plant and machinery
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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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Cost
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At 1 June 2017
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2,800
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2,800
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Additions
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7,400
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7,400
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At 31 May 2018
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2,800
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7,400
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10,200
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_______
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Depreciation
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At 1 June 2017
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2,347
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2,347
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Charge for the year
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91
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1,387
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1,478
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_______
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_______
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At 31 May 2018
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2,438
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1,387
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3,825
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_______
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Carrying amount
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At 31 May 2018
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362
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6,013
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6,375
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_______
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_______
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_______
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At 31 May 2017
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453
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-
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453
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_______
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_______
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_______
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8.
Debtors
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2018
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2017
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£
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£
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Trade debtors
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15,814
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8,680
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Other debtors
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403
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236
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_______
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_______
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16,217
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8,916
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_______
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_______
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9.
Creditors: amounts falling due within one year
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2018
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2017
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£
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£
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Trade creditors
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2,378
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454
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Corporation tax
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8,442
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10,816
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Social security and other taxes
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5,620
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5,072
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Other creditors
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31,838
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57,273
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_______
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_______
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48,278
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73,615
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_______
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_______
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10.
Called up share capital
Issued, called up and fully paid
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2018
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2017
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No
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£
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No
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£
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Ordinary
shares of £
1.00 each
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100
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100
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100
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100
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_______
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_______
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_______
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_______
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