Statement of Consent to Prepare Abridged Financial Statements
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Abridged 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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Accountants report to the director on the preparation of the unaudited statutory abridged financial statements
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2
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Abridged statement of comprehensive income
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3
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Abridged statement of financial position
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4
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Statement of changes in equity
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5
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Notes to the abridged financial statements
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6
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Detailed abridged income statement
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10
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Notes to the detailed abridged income statement
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11
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Director's Report
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Director
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Registered office:
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Accountants Report to the Director on the Preparation of the Unaudited Statutory Abridged Financial Statements of
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Abridged Statement of Comprehensive Income
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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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Gross profit
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Distribution costs
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–
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Administrative expenses
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---------
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--------
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Operating profit
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Other interest receivable and similar income
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–
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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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Abridged 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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Debtors
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–
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Cash at bank and in hand
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--------
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--------
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Creditors: amounts falling due within one year
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--------
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--------
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Net current assets
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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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Called up share capital
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Profit and loss account
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-------
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-------
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Shareholders funds
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-------
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Director
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Statement of Changes in Equity
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Called up share capital
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Profit and loss account
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Total
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£
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£
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£
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At 1 December 2015
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–
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–
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–
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Profit for the year
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----
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-------
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-------
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Total comprehensive income for the year
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–
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Issue of shares
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–
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----
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-------
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-------
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Total investments by and distributions to owners
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–
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At 30 November 2016
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Profit for the year
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----
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-------
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-------
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Total comprehensive income for the year
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–
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Dividends paid and payable
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–
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(
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(
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----
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Total investments by and distributions to owners
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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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At 30 November 2017
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----
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Notes to the Abridged Financial Statements
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Fixtures & fittings
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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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Cost
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At 1 December 2016 and 30 November 2017
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Depreciation
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At 1 December 2016
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Charge for the year
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-------
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At 30 November 2017
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-------
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Carrying amount
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At 30 November 2017
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1,939
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At 30 November 2016
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2,365
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Management Information
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Detailed Abridged 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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1,500
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–
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Purchases
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84,016
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60,906
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85,516
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60,906
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Closing stock
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5,500
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1,500
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80,016
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59,406
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Gross profit
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Distribution costs
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–
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100
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Administrative expenses
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93,917
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65,844
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---------
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--------
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93,917
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65,944
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Operating profit
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Other interest receivable and similar income
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29
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–
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--------
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Profit before taxation
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10,093
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8,273
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--------
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Notes to the Detailed Abridged Income Statement
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2017
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2016
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£
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£
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Advertising
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–
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100
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----
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----
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Directors salaries
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–
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12,181
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Wages and salaries
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47,196
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31,897
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Rent
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27,048
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14,292
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Rates and water
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2,764
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919
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Light and heat
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3,775
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1,774
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Repairs and maintenance (allowable)
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4,278
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44
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Cleaning costs
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2,541
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1,139
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Telephone
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958
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313
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Printing postage and stationery
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440
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–
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Sundry expenses
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398
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144
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Legal and professional fees (allowable)
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220
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220
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Annual return fees
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–
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65
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Accountancy fees
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1,440
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960
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Depreciation of tangible assets
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426
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519
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Bank charges
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2,433
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1,377
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--------
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93,917
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65,844
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--------
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Interest on bank deposits
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29
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–
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----
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