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Unaudited Financial Statements for the Year Ended 31 December 2017 |
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Alpha Anodising UK Limited |
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REGISTERED NUMBER:
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Unaudited Financial Statements for the Year Ended 31 December 2017 |
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for |
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Alpha Anodising UK Limited |
Alpha Anodising UK Limited (Registered number: 06775293) |
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Contents of the Financial Statements |
for the Year Ended 31 December 2017 |
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Page |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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Alpha Anodising UK Limited |
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Company Information |
for the Year Ended 31 December 2017 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
5a Frascati Way |
Maidenhead |
Berkshire |
SL6 4UY |
Alpha Anodising UK Limited (Registered number: 06775293) |
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Balance Sheet |
31 December 2017 |
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31.12.17 | 31.12.16 |
Notes | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
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Tangible assets | 5 |
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CURRENT ASSETS |
Stocks |
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Debtors | 6 |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year | 7 | ( |
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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 |
8 |
( |
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( |
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PROVISIONS FOR LIABILITIES | ( |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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Alpha Anodising UK Limited (Registered number: 06775293) |
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Balance Sheet - continued |
31 December 2017 |
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The directors acknowledge their responsibilities for: |
(a) |
ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the
Companies Act 2006 and |
(b) |
preparing financial statements which give a true and fair view of the state of affairs of the company as
at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors on
behalf by: |
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Alpha Anodising UK Limited (Registered number: 06775293) |
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Notes to the Financial Statements |
for the Year Ended 31 December 2017 |
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1. | STATUTORY INFORMATION |
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Alpha Anodising UK Limited is a
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Wales. The company's registered number and registered office address can be found on the |
Company Information page. |
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The presentation currency of the financial statements is the Pound Sterling (£). |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Significant judgements and estimates |
In the application of the company's accounting policies the directors are required to make |
judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are |
not readily apparent from other sources. The estimates and associated assumptions are based on |
historical experience and other factors that are considered to be relevant. Actual results may differ |
from these estimates. |
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The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to |
accounting estimates are recognised in the period in which the estimate is revised if the revision |
affects only that period, or in the period of the revision and future periods if the revision affects |
both current and future periods. |
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The company does not make significant estimates and assumptions concerning the future. |
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Turnover |
Turnover represents the value of goods and services under contracts, provided in the period, |
exclusive of Value Added Tax, to the extent that there is a right to consideration and is recorded at |
the value of consideration due. |
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Tangible fixed assets |
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Plant and machinery | - |
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Motor vehicles | - |
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Alpha Anodising UK Limited (Registered number: 06775293) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 December 2017 |
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2. | ACCOUNTING POLICIES - continued |
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Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for |
obsolete and slow moving items. |
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Components : Purchase cost on a first in first out basis. |
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Finished goods |
Finished goods are held for committed orders and is valued at the net realisable value. |
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Financial instruments |
Basic financial instruments are recognised at amortised cost using the effective interest method, |
except for investments in non-convertible preference and non-puttable preference and ordinary |
shares, which are measured at fair value, with changes recognised in profit or loss. Derivative |
financial instruments are initially recorded at cost and therefore at fair value, with changes |
recognised in profit and loss. |
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Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income |
Statement, except to the extent that it relates to items recognised in other comprehensive income |
or directly in equity. |
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Current or deferred taxation assets and liabilities are not discounted. |
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Current tax is recognised at the amount of tax payable using the tax rates and laws that have been |
enacted or substantively enacted by the balance sheet date. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed |
at the balance sheet date. |
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Timing differences arise from the inclusion of income and expenses in tax assessments in periods |
different from those in which they are recognised in financial statements. Deferred tax is measured |
using tax rates and laws that have been enacted or substantively enacted by the year end and that |
are expected to apply to the reversal of the timing difference. |
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Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is |
probable that they will be recovered against the reversal of deferred tax liabilities or other future |
taxable profits. |
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Research and development |
Expenditure on research and development is written off in the year in which it is incurred. |
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Alpha Anodising UK Limited (Registered number: 06775293) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 December 2017 |
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2. | ACCOUNTING POLICIES - continued |
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Hire purchase and leasing commitments |
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. |
Those held under hire purchase contracts are depreciated over their estimated useful lives. Those |
held under finance leases are depreciated over their estimated useful lives or the lease term, |
whichever is the shorter. |
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The interest element of these obligations is charged to profit or loss over the relevant period. The |
capital element of the future payments is treated as a liability. |
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Rentals paid under operating leases are charged to profit or loss on a straight line basis over the |
period of the lease. |
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Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the |
company's pension scheme are charged to profit or loss in the period to which they relate. |
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Intangible fixed assets and amortisation |
Intangible Fixed Assets are stated at cost less amortisation. |
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Amortisation is provided at a rates calculated to write off the cost of fixed assets, less their |
estimated residual value, over their expected useful lives on the following bases: |
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Goodwill 20% Straight Line Basis |
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Invoice discounting |
The company discounts its trade debts. The accounting policy is to include trade debtors within one |
year and the returnable element of the proceeds within current liabilities. Discounting charges and |
interest are charged to the profit and loss account when paid. Bad debts are borne by the company |
and are charged to the profit and loss account when incurred. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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4. | INTANGIBLE FIXED ASSETS |
Goodwill |
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COST |
At 1 January 2017 |
and 31 December 2017 |
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NET BOOK VALUE |
At 31 December 2017 |
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At 31 December 2016 |
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Alpha Anodising UK Limited (Registered number: 06775293) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 December 2017 |
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5. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
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COST |
At 1 January 2017 |
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Additions |
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At 31 December 2017 |
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DEPRECIATION |
At 1 January 2017 |
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Charge for year |
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At 31 December 2017 |
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NET BOOK VALUE |
At 31 December 2017 |
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At 31 December 2016 |
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Fixed assets, included in the above, which are held under hire purchase contracts are as follows: |
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Plant and |
machinery |
etc |
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COST |
At 1 January 2017 |
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Additions |
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Transfer to ownership | (10,675 | ) |
At 31 December 2017 |
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DEPRECIATION |
At 1 January 2017 |
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Transfer to ownership | (2,848 | ) |
At 31 December 2017 |
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NET BOOK VALUE |
At 31 December 2017 |
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At 31 December 2016 |
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Alpha Anodising UK Limited (Registered number: 06775293) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 December 2017 |
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6. | DEBTORS |
31.12.17 | 31.12.16 |
£ | £ |
Amounts falling due within one year: |
Trade debtors |
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Other debtors |
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Amounts falling due after more than one year: |
Amounts owed by group undertakings |
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Aggregate amounts |
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7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.12.17 | 31.12.16 |
£ | £ |
Hire purchase contracts (see note 9) |
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Trade creditors |
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Taxation and social security |
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Other creditors |
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8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
31.12.17 | 31.12.16 |
£ | £ |
Hire purchase contracts (see note 9) |
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Amounts owed to group undertakings |
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9. | LEASING AGREEMENTS |
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Minimum lease payments fall due as follows: |
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Hire purchase contracts |
31.12.17 | 31.12.16 |
£ | £ |
Net obligations repayable: |
Within one year |
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Between one and five years |
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Alpha Anodising UK Limited (Registered number: 06775293) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 December 2017 |
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9. | LEASING AGREEMENTS - continued |
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Non-cancellable |
operating leases |
31.12.17 | 31.12.16 |
£ | £ |
Within one year |
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Between one and five years |
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10. | SECURED DEBTS |
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The following secured debts are included within creditors: |
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31.12.17 | 31.12.16 |
£ | £ |
Invoice discounting | 276,830 | 252,043 |
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11. | RELATED PARTY DISCLOSURES |
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Cleartone Group Limited |
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As at the balance sheet date Alpha Anodising UK Limited were owed £12,720 (2016:£nil) from |
Cleartone Group Limited. |
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Mr R C Hill is also the controlling party of Cleartone Group Limited by virtue of his ownership of 52% |
of the issued ordinary share capital in the company. |
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Boxblade Limited |
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As at the balance sheet date Anodising UK Limited owed Boxblade Limited £27,735 (2016: £nil) |
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Kingfisher Enamelling Company Limited |
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As at the balance sheet date Alpha Anodising UK Limited were owed £5,000 (2016:£nil) from |
Kingfisher Enamelling Company Limited. |
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Edgar Engineering Limited |
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As at the balance sheet date Alpha Anodising UK Limited owed Edgar Engineering Limited £4,357 |
(2016: £2,166). |
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Forensic Mobile Services Limited |
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As at the balance sheet date Alpha Anodising UK Limited were owed £5,000 (2016: £nil) from |
Forensic Mobile Series Limited. |
Alpha Anodising UK Limited (Registered number: 06775293) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 December 2017 |
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12. | ULTIMATE CONTROLLING PARTY |
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The controlling party is Mr R C Hill by virtue of his ownership of 78% of the issued share capital in |
the company. |