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For the year ended
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Financial Statements
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Contents
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Page
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Directors' report
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1
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Chartered certified accountants report to the board of directors on the preparation of the unaudited statutory financial statements
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2
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Statement of income and retained earnings
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3
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Statement of financial position
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4
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Notes to the financial statements
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6
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Detailed income statement
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11
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Notes to the detailed income statement
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12
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Directors' Report
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Director
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Registered office:
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Chartered Certified Accountants Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of
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Statement of Income and Retained Earnings
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2018
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2017
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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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Cost of sales
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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 loss
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(
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(
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Other interest receivable and similar income
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--------
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--------
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Loss before taxation
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5
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(
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(
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Tax on loss
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–
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–
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----
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-------
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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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-------
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Retained losses at the start of the year
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(
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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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Statement of Financial Position
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2018
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2017
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(restated)
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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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7
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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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8
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--------
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Net current assets
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--------
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--------
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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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9
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---------
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Net liabilities
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(
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(
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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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---------
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---------
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Statement of Financial Position (continued)
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Director
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Notes to the Financial Statements
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Greenhouses
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-
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Equipment
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-
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Office equipment
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-
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2018
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2017
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(restated)
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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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Plant and machinery
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Fixtures and fittings
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Equipment
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Total
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£
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£
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£
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£
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Cost
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At 1 April 2017 (as restated)
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Additions
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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 2018
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--------
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--------
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--------
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--------
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Depreciation
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At 1 April 2017
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Charge for the year
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--------
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--------
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--------
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--------
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At 31 March 2018
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--------
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--------
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--------
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--------
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Carrying amount
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At 31 March 2018
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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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--------
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--------
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--------
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2018
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2017
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(restated)
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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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2018
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2017
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(restated)
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£
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£
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Trade creditors
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Social security and other taxes
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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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2018
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2017
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(restated)
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£
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£
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Other creditors
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---------
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Balance brought forward and outstanding
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2018
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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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(
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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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Management Information
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Detailed Income Statement
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2018
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2017
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(restated)
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£
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£
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Turnover
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Opening stock
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8,374
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7,085
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Purchases
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6,040
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6,972
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--------
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14,414
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14,057
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Closing stock
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7,966
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8,374
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--------
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6,448
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5,683
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--------
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Gross profit
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Administrative expenses
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15,219
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16,685
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--------
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--------
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Operating loss
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(
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(
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Other interest receivable and similar income
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1
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2
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----
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-------
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Loss before taxation
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(609)
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(2,228)
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----
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-------
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Notes to the Detailed Income Statement
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2018
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2017
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(restated)
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£
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£
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Directors salaries
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7,359
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8,000
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Wages and salaries
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633
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394
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Rent
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360
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360
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Light and heat
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17
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40
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Insurance
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950
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917
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Repairs and maintenance
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568
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843
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Travel and subsistence
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177
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–
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Telephone
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941
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1,075
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Subscriptions
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85
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40
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Printing postage and stationery
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113
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490
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Sundry expenses
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156
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34
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Advertising
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–
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160
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Legal and professional fees
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–
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538
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Accountancy fees
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525
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564
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Depreciation
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2,502
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2,400
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Bad debts written off
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–
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1
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Bank charges
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833
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829
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--------
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15,219
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16,685
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--------
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Interest on cash and cash equivalents
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1
|
2
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----
|
----
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