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Financial Statements
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Contents
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Page
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Strategic report
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1
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Director's report
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3
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Independent auditor's report to the members
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5
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Consolidated statement of income and retained earnings
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9
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Company statement of income and retained earnings
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10
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Consolidated statement of financial position
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11
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Company statement of financial position
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12
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Consolidated statement of cash flows
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13
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Notes to the financial statements
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14
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Strategic Report
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Director
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Registered office:
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United Kingdom
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Director's Report
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Director
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Registered office:
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United Kingdom
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Independent Auditor's Report to the Members of
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(Senior Statutory Auditor)
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For and on behalf of
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Chartered accountants & statutory auditor
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Camburgh House
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27 New Dover Road
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Canterbury
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Kent
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CT1 3DN
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Consolidated Statement of Income and Retained Earnings
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Unaudited
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2019
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2018
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(restated)
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Note
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£
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£
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Turnover
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4
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Cost of sales
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-------------
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------------
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Gross (loss)/profit
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(
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Administrative expenses
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------------
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---------
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Operating (loss)/profit
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(
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Loss on impairment or disposal of operations
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(
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–
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Interest payable and similar expenses
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7
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–
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------------
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---------
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(Loss)/profit before taxation
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(
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Tax on (loss)/profit
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8
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–
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------------
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--------
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(Loss)/profit 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 earnings at the start of the year
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------------
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---------
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Retained (losses)/earnings at the end of the year
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(
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------------
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---------
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Company Statement of Income and Retained Earnings
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Unaudited
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2019
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2018
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(restated)
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Note
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£
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£
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(Loss)/profit for the financial year and total comprehensive income
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(
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Retained earnings at the start of the year
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------------
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---------
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Retained (losses)/earnings at the end of the year
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(
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600,017
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------------
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---------
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Consolidated Statement of Financial Position
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2019
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2018
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(restated)
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Note
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£
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£
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Tangible assets
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9
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–
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Investments
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10
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-------
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----
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Stocks
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11
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Debtors
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12
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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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13
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--------------
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-------------
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Net current (liabilities)/assets
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(
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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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Creditors: amounts falling due after more than one year
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14
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–
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------------
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-------------
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Net (liabilities)/assets
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(
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------------
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-------------
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Called up share capital
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18
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Profit and loss account
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(
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------------
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---------
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Equity attributable to the owners of the parent company
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(
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Non-controlling interests
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------------
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---------
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(
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------------
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---------
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Director
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Company Statement of Financial Position
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2019
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2018
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(restated)
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Note
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£
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£
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Tangible assets
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9
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–
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Investments
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10
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-------
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----
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Stocks
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11
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Debtors
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12
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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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13
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-------------
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-------------
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Net current (liabilities)/assets
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(
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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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---------
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Net (liabilities)/assets
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(
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------------
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---------
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Called up share capital
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18
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Profit and loss account
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(
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600,017
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------------
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---------
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Shareholders (deficit)/funds
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(
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------------
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---------
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Director
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Consolidated Statement of Cash Flows
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2019
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2018
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(restated)
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£
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£
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(Loss)/profit for the financial year
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(
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Adjustments for:
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Interest payable and similar expenses
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–
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Loss on impairment or disposal of operations
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–
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Tax on (loss)/profit
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–
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Accrued expenses
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Changes in:
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Stocks
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(
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(
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Trade and other debtors
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(
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(
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Trade and other creditors
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-------------
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-------------
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Cash generated from operations
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(
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(
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Interest paid
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–
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(
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Tax (paid)/received
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(
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-------------
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-------------
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Net cash used in operating activities
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(
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(
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-------------
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-------------
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Purchase of tangible assets
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(
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–
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Acquisition of subsidiaries
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–
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(
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Proceeds from sale of subsidiaries
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–
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-------------
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Net cash used in investing activities
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(
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(
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-------------
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Proceeds from borrowings
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-------------
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Net cash from financing activities
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-------------
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-------------
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Net (decrease)/increase in cash and cash equivalents
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(
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Cash and cash equivalents at beginning of year
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1,498,100
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86,709
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Cash and cash equivalents at end of year
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------------
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Notes to the Financial Statements
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Unaudited
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2019
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2018
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(restated)
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£
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£
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Sale of goods
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-------------
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Unaudited
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2019
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2018
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(restated)
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£
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£
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Fees payable for the audit of the financial statements
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–
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--------
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----
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2019
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2018
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No.
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No.
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Production staff
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–
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Administrative staff
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Management staff
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4
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2
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Number of sales staff
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–
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----
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----
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----
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----
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Unaudited
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2019
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2018
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(restated)
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£
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£
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Wages and salaries
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Social security costs
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Other pension costs
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---------
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--------
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---------
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--------
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Unaudited
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2019
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2018
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(restated)
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£
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£
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Other interest payable and similar charges
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–
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----
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----
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Unaudited
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2019
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2018
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(restated)
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£
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£
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UK current tax expense
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–
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Adjustments in respect of prior periods
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–
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(
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----
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--------
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Total current tax
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–
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----
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--------
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Tax on (loss)/profit
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–
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----
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--------
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Unaudited
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2019
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2018
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(restated)
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£
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£
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(Loss)/profit on ordinary activities before taxation
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(
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------------
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--------
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(Loss)/profit on ordinary activities by rate of tax
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(
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Adjustment to tax charge in respect of prior periods
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–
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(157)
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Effect of capital allowances and depreciation
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(
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–
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Unused tax losses
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------------
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--------
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Tax on (loss)/profit
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–
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------------
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--------
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Group and company
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Fixtures and fittings
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£
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Cost
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At 1 January 2019 (as restated)
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–
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Additions
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-------
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At 31 December 2019
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-------
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Depreciation
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At 1 January 2019 and 31 December 2019
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–
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-------
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Carrying amount
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At 31 December 2019
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-------
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At 31 December 2018
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–
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-------
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Group
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Shares in group undertakings
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£
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Cost
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At 1 January 2019 as restated
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Disposals
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(
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----
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At 31 December 2019
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----
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Impairment
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At 1 January 2019 as restated and 31 December 2019
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–
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----
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Carrying amount
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At 31 December 2019
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----
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At 31 December 2018
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----
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Company
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Shares in group undertakings
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£
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Cost
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At 1 January 2019 as restated
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Disposals
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(
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----
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At 31 December 2019
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----
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Impairment
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At 1 January 2019 as restated and 31 December 2019
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–
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----
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Carrying amount
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At 31 December 2019
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----
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At 31 December 2018
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----
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Group
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Company
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2019
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2018
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2019
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2018
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(restated)
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(restated)
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£
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£
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£
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£
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Work in progress
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--------------
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-------------
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------------
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------------
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Group
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Company
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2019
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2018
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2019
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2018
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(restated)
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(restated)
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£
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£
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£
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£
|
|
Trade debtors
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|
–
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–
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Prepayments and accrued income
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|
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|
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Other debtors
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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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Group
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Company
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2019
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2018
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2019
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2018
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(restated)
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(restated)
|
|||
£
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£
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£
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£
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Bank loans and overdrafts
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–
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–
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Trade creditors
|
|
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Accruals and deferred income
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|
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Corporation tax
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Social security and other taxes
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Director loan accounts
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–
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–
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Other creditors
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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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Group
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Company
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2019
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2018
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2019
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2018
|
|
(restated)
|
(restated)
|
|||
£
|
£
|
£
|
£
|
|
Bank loans and overdrafts
|
–
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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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Group
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Company
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2019
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2018
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2019
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2018
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(restated)
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(restated)
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|||
£
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£
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£
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£
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Trade debtors
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54,738
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–
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–
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–
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Prepayments
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777,063
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3,768
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–
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–
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Other debtors
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1,383,215
|
878,362
|
–
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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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------------
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---------
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----
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----
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Group
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Company
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2019
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2018
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2019
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2018
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(restated)
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(restated)
|
|||
£
|
£
|
£
|
£
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Bank loans and overdrafts
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78,838,624
|
1,931,578
|
–
|
–
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Trade creditors
|
2,458,577
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4,098,430
|
–
|
–
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Accruals
|
57,818
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89,116
|
–
|
–
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Other creditors
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61,071,587
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34,761,199
|
–
|
–
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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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-------------
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----
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----
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2019
|
2018
|
|||
(restated)
|
||||
No.
|
£
|
No.
|
£
|
|
|
|
4
|
|
4
|
----
|
----
|
----
|
----
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At 1 Jan 2019
|
Cash flows
|
At 31 Dec 2019
|
|
£
|
£
|
£
|
|
Cash at bank and in hand
|
|
(965,092)
|
|
Debt due within one year
|
(1,931,578)
|
(77,330,272)
|
(79,261,850)
|
Debt due after one year
|
(29,968,516)
|
29,968,516
|
–
|
-------------
|
-------------
|
-------------
|
|
(
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(
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(
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-------------
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-------------
|
-------------
|
|
|
Notes to the Financial Statements (continued)
|