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Financial Statements
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Contents
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Page
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Directors' report
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1
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Statement of income and retained earnings
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3
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Statement of financial position
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4
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Notes to the financial statements
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5
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Detailed income statement
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10
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Notes to the detailed income statement
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11
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Directors' Report
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(Appointed
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(Resigned
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(Resigned
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(Resigned
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Director
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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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2018
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2017
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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 loss
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(
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(
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---------
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---------
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Loss before taxation
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5
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(
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(
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Tax on loss
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–
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–
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---------
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---------
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Loss for the financial year and total comprehensive income
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(
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(
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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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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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2018
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2017
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Note
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£
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£
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Intangible assets
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6
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Tangible assets
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7
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-------------
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Stocks
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8
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Debtors
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9
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–
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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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10
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-------------
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Net current liabilities
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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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Director
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Director
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Notes to the Financial Statements
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Goodwill
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-
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Plant and machinery
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-
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Fixtures and fittings
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-
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2018
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2017
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£
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£
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Amortisation of intangible assets
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–
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Depreciation of tangible assets
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Impairment of tangible assets
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–
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Goodwill
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£
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Cost
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At 1 Feb 2017 and 31 Jan 2018
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Amortisation
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At 1 February 2017
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Charge for the year
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------------
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At 31 January 2018
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Carrying amount
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At 31 January 2018
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At 31 January 2017
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Freehold property
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Plant and machinery
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Fixtures and fittings
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Total
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£
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£
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£
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£
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Cost
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At 1 February 2017
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Additions
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–
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Disposals
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–
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(
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(
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(
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At 31 January 2018
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–
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–
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Depreciation
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At 1 February 2017
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–
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Charge for the year
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–
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Disposals
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–
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(
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(
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(
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-------------
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At 31 January 2018
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–
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–
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–
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–
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Carrying amount
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At 31 January 2018
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–
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–
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-------------
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At 31 January 2017
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-------------
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2018
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2017
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£
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£
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Raw materials and consumables
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--------
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--------
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2018
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2017
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£
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£
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Trade debtors
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–
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----
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--------
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2018
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2017
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£
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£
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Bank loans and overdrafts
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Trade creditors
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Other creditors
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-------------
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2018
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Balance brought forward
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Advances/ (credits) to the directors
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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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(17,261,238)
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5,509,540
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–
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(11,751,698)
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2017
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Balance brought forward
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Advances/ (credits) to the directors
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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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(
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----
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----
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–
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–
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(17,261,238)
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(17,261,238)
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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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2018
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2017
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£
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£
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Sales
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528,800
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403,800
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Opening stock
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46,312
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–
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Purchases
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115,616
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108,632
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---------
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161,928
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108,632
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Closing stock
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32,119
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46,312
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---------
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129,809
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62,320
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---------
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Gross profit
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Administrative expenses
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948,089
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968,217
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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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---------
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Loss before taxation
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(549,098)
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(626,737)
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---------
|
---------
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Notes to the Detailed Income Statement
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2018
|
2017
|
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£
|
£
|
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Accountancy fees
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3,260
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2,880
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Amortisation of intangible assets
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199,014
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–
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Depreciation of tangible assets
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505,808
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524,053
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Impairment of tangible assets
|
–
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199,014
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Bank charges
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240,007
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242,270
|
---------
|
---------
|
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948,089
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968,217
|
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---------
|
---------
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