Statement of Consent to Prepare Abridged Financial Statements
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Abridged Financial Statements
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Contents
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Pages
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Director's report
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1
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Abridged statement of income and retained earnings
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2
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Abridged statement of financial position
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3 to 4
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Notes to the abridged financial statements
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5 to 7
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Detailed abridged income statement
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9
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Director's Report
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Director
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Registered office:
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Abridged 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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Gross profit
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Administrative expenses
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---------
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---------
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Operating profit/(loss)
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(
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Interest payable and similar expenses
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Profit/(loss) before taxation
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5
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(
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Tax on profit/(loss)
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–
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–
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-------
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--------
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Profit/(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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Retained (losses)/earnings 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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--------
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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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Creditors: amounts falling due within one year
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Net current liabilities
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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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Net 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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--------
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--------
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Members deficit
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(
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(
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Abridged Statement of Financial Position (continued)
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Director
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Notes to the Abridged Financial Statements
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Plant & machinery
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-
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Motor vehicles
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-
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Equipment
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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 November 2016
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Additions
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At 31 October 2017
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Depreciation
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At 1 November 2016
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Charge for the year
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---------
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At 31 October 2017
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Carrying amount
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At 31 October 2017
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213,950
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At 31 October 2016
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247,126
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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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8,550
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8,550
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Direct costs
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3,731
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8,629
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Subcontractors
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370,139
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303,936
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382,420
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321,115
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Closing stock
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8,550
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8,550
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373,870
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312,565
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Gross profit
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Rent rates and water
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1,664
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–
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Light and heat
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1,232
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1,175
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Insurance
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18,809
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16,935
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Repairs and maintenance
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10,099
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10,772
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Motor and travel expenses
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17,055
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6,225
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Hire of equipment & software leasing
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2,330
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3,816
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Telephone
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2,445
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4,080
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Office expenses
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2,686
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1,698
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Subscriptions
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1,054
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1,519
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Printing postage and stationery
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583
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273
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Staff training
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25
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150
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Staff welfare
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645
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875
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Charitable donations (allowable)
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369
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–
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Advertising
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5,702
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5,119
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Factoring charges
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9,270
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7,024
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Bank charges
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924
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616
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Accountancy fees
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4,310
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5,960
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Directors salaries
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8,110
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16,080
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Depreciation charge
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64,009
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56,244
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151,321
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138,561
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Operating profit/(loss)
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(
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Interest payable and similar expenses
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(4,203)
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(5,067)
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Profit/(loss) before taxation
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9,442
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(55,938)
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