Felstead Limited Accounts Cover
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Company No. 06302417
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Felstead Limited Contents
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Pages
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Company Information
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2
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Director's Report
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3
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Accountant's Report
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4
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Profit and Loss Account
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5
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Balance Sheet
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6
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Notes to the Accounts
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7 to 10
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Felstead Limited Company Information
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Director
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Registered Office
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Accountants
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William House
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32 Bargates
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Christchurch
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Dorset
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BH23 1QL
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Felstead Limited Directors Report
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The Director presents his report and the accounts for the year ended 31 July 2021.
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Principal activities
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Director and his Interest
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Director
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The Director who served at any time during the year was as follows:
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Signed on behalf of the board
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H.D. Hounsell
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Director
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03 September 2021
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Felstead Limited Accountants Report
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Accountant's Report to the director of Felstead Limited on the preparation of the unaudited statutory accounts for the year ended 31 July 2021
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In order to assist you to fulfil your duties under the Companies Act 2006 and in accordance with your instructions, we have prepared for your approval the financial statements of Felstead Limited for the year ended 31 July 2021 set out on pages 5 to 10 from the company's accounting records and from information and explanations you have given us.
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You consider that the company is exempt from an audit for the year ended 31 July 2021. You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing financial statements that give a true and fair view of the state of affairs of the company at the end of the financial year and of its loss for the year.
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Accountants
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William House
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32 Bargates
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Christchurch
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Dorset
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BH23 1QL
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Felstead Limited Profit and Loss Account
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for the year ended 31 July 2021
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2021
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2020
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£
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£
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Turnover
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Administrative expenses
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(
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(
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Operating loss
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(
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(
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Loss on ordinary activities before taxation
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(
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(
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Taxation
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Loss for the financial year after taxation
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(
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(
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Felstead Limited Statement of Comprehensive Income
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STATEMENT OF COMPREHENSIVE INCOME
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for the year ended 31 July 2021
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2021
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2020
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£
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£
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Loss for the financial year after taxation
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(
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(
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Total comprehensive income for the period
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(
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(
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Felstead Limited Balance Sheet
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at
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Company No.
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Notes
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2021
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2020
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£
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£
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Fixed assets
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Tangible assets
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4
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Current assets
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Debtors
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5
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Cash at bank and in hand
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Creditors: Amount falling due within one year
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6
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(
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(
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Net current liabilities
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(
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(
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Total assets less current liabilities
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(
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(
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Net liabilities
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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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Share premium account
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(
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(
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Profit and loss account
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7
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(
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(
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Total equity
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(
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(
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Approved by the board on 03 September 2021
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And signed on its behalf by:
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H.D. Hounsell
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Director
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03 September 2021
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Felstead Limited Statement of Changes in Equity
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for the year ended 31 July 2021
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Share Capital
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Share Premium
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Retained earnings
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Total equity
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£
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£
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£
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£
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At 1 August 2019
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100
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(25,500)
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(25,296)
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(50,696)
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Loss for the period
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(
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(
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At 31 July 2020 and 1 August 2020
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(
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(
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(
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Loss for the period
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(
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(
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At 31 July 2021
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(
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(
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(
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Felstead Limited Notes to the Accounts
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for the year ended 31 July 2021
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1
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General information
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Its registered number is: 06302417
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Its registered office is:
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Its trading address is:
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8 Spindlewood Close
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New Milton
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Hampshire
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BH25 7EW
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2
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Accounting policies
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Turnover
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Revenue from the sale of goods is recognised when all the following conditions are satisfied: • the Company has transferred to the buyer the significant risks and rewards of ownership of the goods; • the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold; • the amount of revenue can be measured reliably; • it is probable that the economic benefits associated with the transaction will flow to the Company; and • the costs incurred or to be incurred in respect of the transaction can be measured reliably. Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed. |
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Tangible fixed assets and depreciation
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At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss. |
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Motor vehicles
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Furniture, fittings and equipment
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Taxation
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Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively. |
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Trade and other debtors
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Trade and other creditors
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3
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Employees
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2021
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2020
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Number
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Number
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The average monthly number of employees (including directors) during the year was:
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4
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Tangible fixed assets
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Motor vehicles
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Fixtures, fittings and equipment
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Total
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£
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£
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£
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Cost or revaluation
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At 1 August 2020
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At 31 July 2021
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Depreciation
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At 1 August 2020
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Charge for the year
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At 31 July 2021
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Net book values
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At 31 July 2021
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(
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At 31 July 2020
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5
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Debtors
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2021
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2020
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£
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£
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VAT recoverable
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6
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Creditors:
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amounts falling due within one year
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2021
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2020
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£
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£
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Loans from directors
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Other creditors
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Accruals and deferred income
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7
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Reserves
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