31/12/2021
2021-12-31
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No description of principal activities is disclosed
2021-01-01
Sage Accounts Production 21.0 - FRS102_2019
xbrli:pure
xbrli:shares
iso4217:GBP
07197442
2021-01-01
2021-12-31
07197442
2021-12-31
07197442
2020-12-31
07197442
2020-01-01
2020-12-31
07197442
2020-12-31
07197442
core:PlantMachinery
2021-01-01
2021-12-31
07197442
bus:RegisteredOffice
2021-01-01
2021-12-31
07197442
bus:LeadAgentIfApplicable
2021-01-01
2021-12-31
07197442
bus:Director1
2021-01-01
2021-12-31
07197442
bus:Director2
2021-01-01
2021-12-31
07197442
core:WithinOneYear
2021-12-31
07197442
core:WithinOneYear
2020-12-31
07197442
core:AfterOneYear
2021-12-31
07197442
core:AfterOneYear
2020-12-31
07197442
core:ShareCapital
2021-12-31
07197442
core:ShareCapital
2020-12-31
07197442
core:RetainedEarningsAccumulatedLosses
2021-12-31
07197442
core:RetainedEarningsAccumulatedLosses
2020-12-31
07197442
bus:Director1
2020-12-31
07197442
bus:Director1
2021-12-31
07197442
bus:Director1
2019-12-31
07197442
bus:Director1
2020-12-31
07197442
bus:Director1
2020-01-01
2020-12-31
07197442
bus:SmallEntities
2021-01-01
2021-12-31
07197442
bus:AuditExempt-NoAccountantsReport
2021-01-01
2021-12-31
07197442
bus:AbridgedAccounts
2021-01-01
2021-12-31
07197442
bus:SmallCompaniesRegimeForAccounts
2021-01-01
2021-12-31
07197442
bus:PrivateLimitedCompanyLtd
2021-01-01
2021-12-31
07197442
core:NetGoodwill
2021-01-01
2021-12-31
Company registration number:
07197442
Fudgies Bakehouse Limited
Unaudited filleted abridged financial statements
for the year ended
31 December 2021
Fudgies Bakehouse Limited
Contents
Directors and other information
Abridged statement of financial position
Notes to the financial statements
Fudgies Bakehouse Limited
Directors and other information
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Directors
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Mr W E Buckley
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Mrs R F Terribile
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Company number
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07197442
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Registered office
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Office 8 The Barns, Farm Road
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Caddsdown Industrial Park
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Bideford
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Devon
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EX39 3BT
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Business address
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4 West Road
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Woolacombe
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Devon
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EX34 7BW
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Accountants
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Giffords LLP
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Office 8, The Barns
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Farm Road
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Caddsdown Industrial Park
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Devon
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EX39 3BT
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Fudgies Bakehouse Limited
Abridged statement of financial position
31 December 2021
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2021
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2020
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Note
|
£
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£
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£
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£
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Fixed assets
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|
|
|
|
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Intangible assets
|
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5
|
-
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|
|
|
36,833
|
|
|
Tangible assets
|
|
6
|
47,647
|
|
|
|
25,697
|
|
|
|
|
|
________
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|
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|
________
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47,647
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62,530
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|
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Current assets
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Stocks
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3,749
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1,448
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Debtors
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|
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5,028
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|
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|
2,409
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|
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Cash at bank and in hand
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175,931
|
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178,135
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|
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|
________
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________
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184,708
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181,992
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Creditors: amounts falling due
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within one year
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(
77,901)
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(
62,448)
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________
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________
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Net current assets
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106,807
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119,544
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________
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________
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Total assets less current liabilities
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154,454
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182,074
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Creditors: amounts falling due
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after more than one year
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(
32,250)
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(
39,750)
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Provisions for liabilities
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(
7,987)
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(
4,882)
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|
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________
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________
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Net assets
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114,217
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137,442
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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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2
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2
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Profit and loss account
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114,215
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137,440
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________
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________
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Shareholders funds
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114,217
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137,442
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________
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________
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For the year ending 31 December 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
-
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;
-
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 Section 1A of 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.
All of the members have consented to the preparation of the abridged statement of financial position for the current year ending 31 December 2021 in accordance with Section 444(2A) of the Companies Act 2006.
These financial statements were approved by the
board of directors
and authorised for issue on
01 May 2022
, and are signed on behalf of the board by:
Mr W E Buckley
Mrs R F Terribile
Director
Director
Company registration number:
07197442
Fudgies Bakehouse Limited
Notes to the financial statements
Year ended 31 December 2021
1.
General information
The company is a private company limited by shares, registered in England & Wales, company registration number
07197442
. The address of the registered office is Office 8 The Barns, Farm Road, Caddsdown Industrial Park, Bideford, Devon, EX39 3BT.
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.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Goodwill
Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business.
Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight line basis over its useful life.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
tangible assets are initially 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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-
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15 %
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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.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
14
(2020:
9
).
5.
Intangible assets
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£
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Cost
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At 1 January 2021 and 31 December 2021
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370,000
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________
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Amortisation
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At 1 January 2021
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333,167
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Charge for the year
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36,833
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________
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At 31 December 2021
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370,000
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________
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Carrying amount
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At 31 December 2021
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-
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________
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At 31 December 2020
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36,833
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________
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6.
Tangible assets
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£
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Cost
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At 1 January 2021
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74,877
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Additions
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30,362
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________
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At 31 December 2021
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105,239
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________
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|
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Depreciation
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|
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At 1 January 2021
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49,180
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Charge for the year
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8,412
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________
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At 31 December 2021
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57,592
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________
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Carrying amount
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At 31 December 2021
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47,647
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________
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|
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At 31 December 2020
|
25,697
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|
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________
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7.
Directors advances, credits and guarantees
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During the year the directors entered into the following advances and credits with the company:
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2021
|
|
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Balance brought forward
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Advances /(credits) to the directors
|
Amounts repaid
|
Balance o/standing
|
|
|
|
|
£
|
£
|
£
|
£
|
|
|
|
Mr W E Buckley & Mrs R F Terribile
|
(
16,548)
|
195,904
|
(
193,812)
|
(
14,456)
|
|
|
|
|
________
|
________
|
________
|
________
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|
|
|
|
|
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2020
|
|
|
|
|
|
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|
Balance brought forward
|
Advances /(credits) to the directors
|
Amounts repaid
|
Balance o/standing
|
|
|
|
|
£
|
£
|
£
|
£
|
|
|
|
Mr W E Buckley & Mrs R F Terribile
|
(
2,274)
|
109,123
|
(
123,397)
|
(
16,548)
|
|
|
|
|
________
|
________
|
________
|
________
|
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|
|
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