We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law.
Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the
financial statements section of our report. We are independent of the company in accordance with the ethical
requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard,
and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit
evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. The Company's debtors
include an amount of £1,684,632 (2018: £1,671,499) owed by Huffey Group Limited, a fellow group company. In our
opinion this balance is unlikely to be settled in the foreseeable future based on the current level of trading and financial
position of Huffey Group Limited and the absence of verifiable evidence to support the future recovery and growth of
the business forecast by management. The debtor balance has been included at full value by management with no
provision for potential irrecoverability. Had managed stated the debtor at realisable value, and amount of £1,684,632
(2018: £1,671,499) would have been required as a provision against debtors. Accordingly, administrative overheads
would have been increased by £1,684,632 (2018: £1,671,499) and net profit and shareholders' equity would have both
been reduced by £1,684,632 (2018: £1,671,499).
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