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REGISTERED NUMBER:
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AUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 30 JUNE 2019 |
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AMAYSE LTD |
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REGISTERED NUMBER:
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AUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 30 JUNE 2019 |
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FOR |
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AMAYSE LTD |
AMAYSE LTD (REGISTERED NUMBER: 06467403) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 JUNE 2019 |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 3 |
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AMAYSE LTD |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 30 JUNE 2019 |
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DIRECTOR: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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SENIOR STATUTORY AUDITOR: |
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AUDITORS: |
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Chartered Accountants |
and Statutory Auditors |
Turnbull House |
226 Mulgrave Road |
Cheam |
Sutton |
Surrey |
SM2 6JT |
AMAYSE LTD (REGISTERED NUMBER: 06467403) |
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BALANCE SHEET |
30 JUNE 2019 |
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2019 | 2018 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
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Tangible assets | 5 |
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Investments | 6 |
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CURRENT ASSETS |
Stocks |
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Debtors | 7 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 8 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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PROVISIONS FOR LIABILITIES | 11 |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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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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AMAYSE LTD (REGISTERED NUMBER: 06467403) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 JUNE 2019 |
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1. | STATUTORY INFORMATION |
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Amayse Ltd is a
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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 |
These financial statements have been prepared in accordance with the provisions of Section 1A "Small |
Entities" of Financial Reporting Standard 102. The Financial Reporting Standard applicable in the UK and |
Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared on a going |
concern basis and under the historical cost convention. |
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Preparation of consolidated financial statements |
The financial statements contain information about Amayse Ltd as an individual company and do not contain |
consolidated financial information as the parent of a group. The company is exempt under section 400 of the |
Companies Act 2006 from the requirements to prepare consolidated financial statements as it and its |
subsidiary undertakings are included by full consolidation in the consolidated financial statements of its |
ultimate parent, Amayse Management ApS, whose registered office is: Vinbjergvej 18,7120 Vejle Øst, |
Denmark (registered number - 40378987). |
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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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Revenue recognition |
Revenue is measured at the fair value of the consideration received or receivable and represents the amount |
receivable for goods and services supplied in the accounting period, net of returns, discounts and value added |
taxes. |
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Revenue is recognised when all significant rights to economic benefits and any significant risks are passed to |
the buyer. The cost of sale of these goods is allocated to the same period. |
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Goodwill |
Goodwill, being the amounts paid in connection with the acquisition of businesses, is being amortised evenly |
over its estimated useful life of 5 years, subject to an annual impairment review. |
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Tangible fixed assets |
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Plant and machinery | - |
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Motor vehicles | - |
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Computer equipment | - |
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Depreciation charges are calculated from the month of acquisition. |
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Investments in subsidiaries |
Investments in subsidiaries and associates are held at cost less accumulated impairment. |
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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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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 balance sheet date. |
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AMAYSE LTD (REGISTERED NUMBER: 06467403) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 JUNE 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 |
balance sheet 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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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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Employee benefits |
The company provides a range of benefits to employees, including paid holiday arrangements and a defined |
contribution pension plan. |
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(i) Short term benefits |
Short term benefits including holiday pay and other similar non-monetary benefits are recognised as an |
expense in the period in which the service is provided. |
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(ii) Employee pension arrangements |
The company operate a fully compliant workplace pension and defined contribution pension scheme. This is a |
pension plan under which the company pays fixed contributions in to separate entities. Once the contributions |
have been paid the company has no further obligations. The contributions are recognised as an expense when |
they are due. Amounts not paid are shown as a creditor on the balance sheet. The assets of the scheme are |
held separately from the company in independently administered funds. |
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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 |
Goodwill |
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COST |
At 1 July 2018 |
and 30 June 2019 |
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AMORTISATION |
At 1 July 2018 |
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Charge for year |
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At 30 June 2019 |
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NET BOOK VALUE |
At 30 June 2019 |
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At 30 June 2018 |
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AMAYSE LTD (REGISTERED NUMBER: 06467403) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 JUNE 2019 |
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5. | TANGIBLE FIXED ASSETS |
Plant and | Motor | Computer |
machinery | vehicles | equipment | Totals |
£ | £ | £ | £ |
COST |
At 1 July 2018 |
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Additions |
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At 30 June 2019 |
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DEPRECIATION |
At 1 July 2018 |
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Charge for year |
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At 30 June 2019 |
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NET BOOK VALUE |
At 30 June 2019 |
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At 30 June 2018 |
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Fixed assets, included in the above, which are held under hire purchase contracts are as follows: |
Plant and |
machinery |
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COST |
At 1 July 2018 |
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Transfer to ownership | (88,628 | ) |
At 30 June 2019 |
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DEPRECIATION |
At 1 July 2018 |
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Charge for year |
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Transfer to ownership | (55,769 | ) |
At 30 June 2019 |
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NET BOOK VALUE |
At 30 June 2019 |
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At 30 June 2018 |
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6. | FIXED ASSET INVESTMENTS |
Shares in |
group |
undertakings |
£ |
COST |
At 1 July 2018 |
and 30 June 2019 |
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NET BOOK VALUE |
At 30 June 2019 |
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At 30 June 2018 |
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AMAYSE LTD (REGISTERED NUMBER: 06467403) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 JUNE 2019 |
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6. | FIXED ASSET INVESTMENTS - continued |
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The company's investments at the Balance Sheet date in the share capital of companies include the following: |
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Registered office: Unit C4 Sandown Industrial Estate, Mill Road, Esher, Surrey, KT10 8BL |
Nature of business:
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Class of shares: | holding |
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2019 | 2018 |
£ | £ |
Aggregate capital and reserves |
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Registered office: Turnbull House, 226 Mulgrave Road, Sutton, Surrey, SM2 6JT |
Nature of business:
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% |
Class of shares: | holding |
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2019 | 2018 |
£ | £ |
Aggregate capital and reserves |
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Registered office: Onside Law Limited, 642a Kings Road, London, SW6 2DU |
Nature of business:
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% |
Class of shares: | holding |
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2019 | 2018 |
£ | £ |
Aggregate capital and reserves |
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Loss for the year |
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( |
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Infield 3D Advertising Limited ceased trading at 30 June 2018 and remains a dormant company. |
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7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2019 | 2018 |
£ | £ |
Trade debtors |
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Amounts owed by parent company |
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Other debtors |
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8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2019 | 2018 |
£ | £ |
Hire purchase contracts (see note 9) |
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Trade creditors |
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Amounts owed to group companies |
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Taxation and social security |
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Other creditors |
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AMAYSE LTD (REGISTERED NUMBER: 06467403) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 JUNE 2019 |
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9. | LEASING AGREEMENTS |
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Minimum lease payments fall due as follows: |
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Hire purchase contracts |
2019 | 2018 |
£ | £ |
Gross obligations repayable: |
Within one year |
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Finance charges repayable: |
Within one year |
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Net obligations repayable: |
Within one year |
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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 |
£ | £ |
Hire purchase contracts | - | 20,959 |
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11. | PROVISIONS FOR LIABILITIES |
2019 | 2018 |
£ | £ |
Deferred tax |
Accelerated capital allowances |
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Deferred |
tax |
£ |
Balance at 1 July 2018 |
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Credit to Income Statement during year | ( |
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Balance at 30 June 2019 |
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12. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
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The Report of the Auditors was unqualified. |
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for and on behalf of
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13. | PARENT UNDERTAKING |
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The immediate parent undertaking is Amayse A/S, a company registered in Denmark (registration number |
25820746). The registered address is Tysklandsvej 6, 7100 Vejle, Denmark. |