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REGISTERED NUMBER:
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Unaudited Financial Statements |
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for the Year Ended 31 March 2017 |
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Coyne Group Uk Limited |
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REGISTERED NUMBER:
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Unaudited Financial Statements |
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for the Year Ended 31 March 2017 |
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for |
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Coyne Group Uk Limited |
Coyne Group Uk Limited (Registered number: 04246869) |
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Contents of the Financial Statements |
for the Year Ended 31 March 2017 |
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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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Coyne Group Uk Limited |
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Company Information |
for the Year Ended 31 March 2017 |
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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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Chartered Accountants |
Suite 1 |
Liberty House |
South Liberty Lane |
Bristol |
BS3 2ST |
Coyne Group Uk Limited (Registered number: 04246869) |
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Statement of Financial Position |
31 March 2017 |
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31.3.17 | 31.3.16 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Property, plant and equipment | 4 |
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Investments | 5 |
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CURRENT ASSETS |
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 LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
( |
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( |
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CREDITORS |
Amounts falling due after more than one
year |
8 |
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NET LIABILITIES | ( |
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Coyne Group Uk Limited (Registered number: 04246869) |
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Statement of Financial Position - continued |
31 March 2017 |
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31.3.17 | 31.3.16 |
Notes | £ | £ | £ | £ |
CAPITAL AND RESERVES |
Called up share capital | 9 |
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Retained earnings | 10 | ( |
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SHAREHOLDERS' FUNDS | ( |
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The director acknowledges his 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. |
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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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Coyne Group Uk Limited (Registered number: 04246869) |
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Notes to the Financial Statements |
for the Year Ended 31 March 2017 |
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1. | STATUTORY INFORMATION |
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Coyne Group Uk Limited 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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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 Coyne Group Uk Limited as an individual company |
and do not contain consolidated financial information as the parent of a group. The company has taken |
the option under Section 398 of the Companies Act 2006 not to prepare consolidated financial |
statements. |
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Related party exemption |
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 |
'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related |
party transactions with wholly owned subsidiaries within the group. |
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Turnover |
Turnover represents the amounts receivable, excluding VAT and trade discounts, by the company for |
goods and services provided during the year. All transactions arose in the United Kingdom. |
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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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Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost. |
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Coyne Group Uk Limited (Registered number: 04246869) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 March 2017 |
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2. | ACCOUNTING POLICIES - continued |
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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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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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. |
Coyne Group Uk Limited (Registered number: 04246869) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 March 2017 |
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2. | ACCOUNTING POLICIES - continued |
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Going concern |
The financial statements have been prepared on the going concern basis which assumes that the |
company will continue in existence for the foreseeable future. The validity of this assumption depends |
on the continued financial support of the director which they intend to provide for the foreseeable future. |
The financial statements do not include any adjustments that would be necessary if this support was |
withdrawn. |
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The director has pledged their continued support to meet the company's liabilities and obligations for |
the foreseeable future. |
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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. | PROPERTY, PLANT AND EQUIPMENT |
Fixtures |
Plant and | and | Motor | Computer |
machinery | fittings | vehicles | equipment | Totals |
£ | £ | £ | £ | £ |
COST |
At 1 April 2016 |
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Additions |
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At 31 March 2017 |
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DEPRECIATION |
At 1 April 2016 |
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Charge for year |
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At 31 March 2017 |
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NET BOOK VALUE |
At 31 March 2017 |
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At 31 March 2016 |
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Coyne Group Uk Limited (Registered number: 04246869) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 March 2017 |
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4. | PROPERTY, PLANT AND EQUIPMENT - continued |
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Fixed assets, included in the above, which are held under hire purchase contracts are as follows: |
Motor |
vehicles |
£ |
COST |
Additions |
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At 31 March 2017 |
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DEPRECIATION |
Charge for year |
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At 31 March 2017 |
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NET BOOK VALUE |
At 31 March 2017 |
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5. | FIXED ASSET INVESTMENTS |
Shares in |
group |
undertakings |
£ |
COST |
At 1 April 2016 |
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Disposals | ( |
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At 31 March 2017 |
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NET BOOK VALUE |
At 31 March 2017 |
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At 31 March 2016 |
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Coyne Group Uk Limited (Registered number: 04246869) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 March 2017 |
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6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.17 | 31.3.16 |
£ | £ |
Trade debtors |
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Amounts owed by group undertakings |
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Amounts owed by associates |
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Other debtors |
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VAT |
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Prepayments and accrued income |
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7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.17 | 31.3.16 |
£ | £ |
Hire purchase contracts |
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Trade creditors |
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Commitment deposits | 30,000 | - |
Amounts owed to group undertakings |
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Amounts owed to associates | 11,275 | - |
Social security and other taxes |
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VAT | 7,152 | - |
Other creditors |
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Pensions | 123 | - |
Directors' current accounts | 4,076 | 234,747 |
Accrued expenses |
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8. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR |
31.3.17 | 31.3.16 |
£ | £ |
Hire purchase contracts |
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9. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.3.17 | 31.3.16 |
value: | £ | £ |
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Ordinary | £1 | 9 | 9 |
Coyne Group Uk Limited (Registered number: 04246869) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 March 2017 |
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10. | RESERVES |
Retained |
earnings |
£ |
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At 1 April 2016 | ( |
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Profit for the year |
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At 31 March 2017 | ( |
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Coyne Group Uk Limited (Registered number: 04246869) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 March 2017 |
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11. | RELATED PARTY DISCLOSURES |
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M A P Coyne |
Director |
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2017 | 2016 |
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Capital introduced | - | 190,466 |
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Capital withdrawn | 230,671 | - |
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Rent paid | 15,000 | 18,750 |
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At the year end the amount due to the director was £4,076 (2016 - £234,747). |
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Coyne Contractors (South West) Limited |
A company in which M A P Coyne owns 100% of the share capital. |
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2017 | 2016 |
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Loans paid to related party | 693,900 | 40,622 |
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At the year end the amount due from the related party was £734,522 (2016 - £40,622). |
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Lordswood Road Developments Limited |
M A P Coyne was a director during the period. |
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2017 | 2016 |
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Sales to related party | 188,834 | 25,407 |
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Loans received from related party | 4,940 | - |
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At the year end the amount due to the related party was £4,940 (2016 - £nil). |
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Cossington Road Developments Limited |
M A P Coyne is a director. |
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2017 | 2016 |
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Sales to related party | 5,138 | - |
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Coyne Group Uk Limited (Registered number: 04246869) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 March 2017 |
At the year end the amount due from the related party was £nil (2016 - £nil). |
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Square Peg Investments Limited |
A company in which Mrs M Germaine-Coyne owns 100% of the share capital. |
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2017 | 2016 |
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Loans received from related party | 6,335 | - |
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At the year end the amount due to the related party was £6,335 (2016 - £nil). |
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12. | ULTIMATE CONTROLLING PARTY |
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The ultimate controlling party is
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