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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Abridged statement of comprehensive income
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2
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Abridged statement of financial position
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3
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Statement of changes in equity
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4
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Notes to the abridged financial statements
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5
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Accountants report to the director on the preparation of the unaudited statutory abridged financial statements
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10
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Detailed abridged income statement
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11
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Notes to the detailed abridged income statement
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12
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Director's Report
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Director
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Company Secretary
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Registered office:
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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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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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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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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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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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Called up share capital
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Profit and loss account
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--------
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-------
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Members funds
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--------
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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 April 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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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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Dividends paid and payable
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–
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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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At 31 March 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 31 March 2017
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----
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Notes to the Abridged Financial Statements
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Motor Vehicles
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-
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Equipment
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-
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15% reducing balance
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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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£
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Cost
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At 1 April 2016
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Additions
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Disposals
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(
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--------
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At 31 March 2017
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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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Disposals
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(
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--------
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At 31 March 2017
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--------
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Carrying amount
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At 31 March 2017
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26,286
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--------
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At 31 March 2016
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25,548
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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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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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2016
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Balance brought forward
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Advances/ (credits) to the director
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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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Management Information
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Accountants Report to the Director on the Preparation of the Unaudited Statutory Abridged Financial Statements of
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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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2,600
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–
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Purchases
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49,234
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84,398
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Wages and salaries
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32,814
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37,992
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(Gain)/loss on disposal of tangible assets
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(1,505)
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–
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83,143
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122,390
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Closing stock
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2,600
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2,600
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--------
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80,543
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119,790
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--------
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--------
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Gross profit
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Administrative expenses
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32,419
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26,249
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--------
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Operating profit
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Other interest receivable and similar income
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142
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164
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--------
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Profit before taxation
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36,355
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55,462
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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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Light and heat
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612
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612
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Insurance
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1,878
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1,827
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Repairs and maintenance (allowable)
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437
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286
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Motor expenses
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12,993
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11,305
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Telephone
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1,415
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1,307
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Printing postage and stationery
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447
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521
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Staff training
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815
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–
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Sundry expenses
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90
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234
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Advertising
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287
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311
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Accountancy fees
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1,085
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785
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Depreciation of tangible assets
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11,648
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8,286
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Bank charges
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712
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775
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--------
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32,419
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26,249
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Interest on cash and cash equivalents
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142
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164
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