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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Members' report
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1
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Abridged statement of financial position
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3
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Reconciliation of members' interests
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5
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Notes to the abridged financial statements
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7
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Members' Report
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Designated Member
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Registered office:
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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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4
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Stocks
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Debtors
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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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---------
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---------
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Net current assets
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Total assets less current liabilities
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Creditors: amounts falling due after more than one year
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–
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---------
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Net assets
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---------
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Other amounts
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5
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337,612
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247,320
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---------
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Other reserves
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–
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–
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337,612
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247,320
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Loans and other debts due to members
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5
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337,612
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247,320
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Members' other interests
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–
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–
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---------
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337,612
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247,320
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Abridged Statement of Financial Position (continued)
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Designated Member
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Reconciliation of Members' Interests
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Members' other interests
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Loans and other debts due to members less any amounts due from members in debtors
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Total members' interests
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Other reserves
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Total
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Other amounts
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Total
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Total 2017
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£
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£
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£
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£
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£
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Balance at 1 October 2016
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–
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–
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247,320
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247,320
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247,320
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Profit for the financial year available for discretionary division among members
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363,580
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363,580
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363,580
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---------
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---------
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Members' interests after profit for the year
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363,580
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363,580
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247,320
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247,320
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610,900
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Other division of profits
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(363,580)
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(363,580)
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363,580
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363,580
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–
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Drawings
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(273,288)
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(273,288)
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(273,288)
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Balance at 30 September 2017
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–
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–
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337,612
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337,612
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337,612
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Reconciliation of Members' Interests (continued)
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Members' other interests
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Loans and other debts due to members less any amounts due from members in debtors
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Total members' interests
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Other reserves
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Total
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Other amounts
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Total
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Total 2016
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£
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£
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£
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£
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£
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Balance at 1 October 2015
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–
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–
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272,234
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272,234
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272,234
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Profit for the financial year available for discretionary division among members
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296,275
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296,275
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296,275
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---------
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---------
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Members' interests after profit for the year
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296,275
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296,275
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272,234
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272,234
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568,509
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Other division of profits
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(296,275)
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(296,275)
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296,275
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296,275
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–
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Drawings
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(321,189)
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(321,189)
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(321,189)
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Balance at 30 September 2016
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–
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–
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247,320
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247,320
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247,320
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Notes to the Abridged Financial Statements
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1.
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General information
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2.
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Statement of compliance
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3.
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Accounting policies
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Plant & Machinery
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-
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Fixtures & Fittings
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-
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Motor Vehicles
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-
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4.
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Tangible assets
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£
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Cost
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At 1 October 2016
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Additions
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Disposals
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(
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At 30 September 2017
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Depreciation
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At 1 October 2016
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Charge for the year
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Disposals
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(
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---------
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At 30 September 2017
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Carrying amount
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At 30 September 2017
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80,277
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At 30 September 2016
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95,868
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5.
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Loans and other debts due to members
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2017
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2016
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£
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£
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Amounts owed to members in respect of profits
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337,612
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247,320
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6.
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Related party transactions
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7.
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Transition to FRS 102
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