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Financial Statements
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Contents
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Page
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Director's report
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1
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Statement of income and retained earnings
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2
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Statement of financial position
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3
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Notes to the financial statements
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4
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Detailed income statement
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9
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Notes to the detailed income statement
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10
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Director's Report
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Director
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Registered office:
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Statement of Income and Retained Earnings
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2017
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2016
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Note
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£
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£
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Turnover
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Cost of sales
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---------
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---------
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Gross profit
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Administrative expenses
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--------
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--------
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Operating profit
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--------
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--------
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Profit before taxation
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5
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Tax on profit
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--------
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--------
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Profit for the financial year and total comprehensive income
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--------
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--------
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Dividends paid and payable
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(
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(
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Retained losses at the start of the year
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(
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(
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--------
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--------
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Retained losses at the end of the year
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(
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(
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--------
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Statement of Financial Position
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2017
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2016
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Note
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£
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£
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£
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Tangible assets
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6
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Stocks
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7
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Debtors
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8
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Cash at bank and in hand
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--------
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Creditors: amounts falling due within one year
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9
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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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--------
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--------
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Called up share capital
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Profit and loss account
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(
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(
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--------
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--------
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Members deficit
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(
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(
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--------
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--------
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Director
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Notes to the Financial Statements
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Plant and Machinery
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-
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Motor Vehicles
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-
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2017
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2016
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£
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£
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Depreciation of tangible assets
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-------
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----
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Plant and machinery
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Motor vehicles
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Total
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£
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£
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£
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Cost
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At 1 April 2016
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Additions
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–
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-------
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-------
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--------
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At 31 March 2017
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-------
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-------
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Depreciation
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At 1 April 2016
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Charge for the year
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-------
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-------
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--------
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At 31 March 2017
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-------
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-------
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--------
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Carrying amount
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At 31 March 2017
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-------
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--------
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At 31 March 2016
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-------
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2017
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2016
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£
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£
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Raw materials and consumables
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–
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Finished goods and goods for resale
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–
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-------
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-------
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-------
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2017
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2016
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£
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£
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Trade debtors
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Other debtors
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--------
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--------
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2017
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2016
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£
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£
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Trade creditors
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Corporation tax
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Social security and other taxes
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Other creditors
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--------
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2017
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Balance brought forward
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Advances/ (credits) to the director
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Amounts repaid
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Balance outstanding
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£
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£
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£
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£
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(
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(
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(
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--------
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-------
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2016
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Balance brought forward
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Advances/ (credits) to the director
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Amounts repaid
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Balance outstanding
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£
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£
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£
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£
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(
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(
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(
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-------
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--------
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--------
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--------
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Management Information
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Detailed Income Statement
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2017
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2016
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£
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£
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Turnover
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Opening stock
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1,200
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–
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Opening stock - finished goods
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–
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1,200
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Purchases
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77,889
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73,820
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Wages and salaries
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62,531
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37,270
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---------
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141,620
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112,290
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Closing stock
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2,000
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–
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Closing stock - resale - type 5
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–
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1,200
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---------
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139,620
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111,090
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---------
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Gross profit
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Administrative expenses
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37,330
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30,939
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--------
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--------
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Operating profit
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--------
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Profit before taxation
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25,519
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20,350
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--------
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--------
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Notes to the Detailed Income Statement
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2017
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2016
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£
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£
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Directors salaries
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8,060
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8,060
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Rent
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600
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720
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Insurance
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1,483
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2,378
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Repairs and maintenance (allowable)
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3,869
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2,372
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Motor expenses
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13,191
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10,119
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Travel and subsistence
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2,273
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1,915
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Hire costs (non-operating leases)
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758
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–
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Telephone
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1,391
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736
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Office expenses
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120
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120
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Printing postage and stationery
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688
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115
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Advertising
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1,348
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746
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Accountancy fees
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2,153
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2,886
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Depreciation of tangible assets
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1,300
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624
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Bank charges
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96
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148
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--------
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37,330
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30,939
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--------
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