Registration number:
Harvey Plumbing And Heating Ltd
for the Year Ended 30 April 2025
Harvey Plumbing And Heating Ltd
Contents
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Company Information |
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Strategic Report |
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Directors' Report |
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Accountants' Report |
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Profit and Loss Account |
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Statement of Comprehensive Income |
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Balance Sheet |
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Statement of Changes in Equity |
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Notes to the Unaudited Financial Statements |
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Detailed Profit and Loss Account |
Harvey Plumbing And Heating Ltd
Company Information
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Directors |
Mr Joseph Harvey Mr Joe Harvey |
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Company secretary |
Mr Joe Harvey |
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Registered office |
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Accountants |
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Harvey Plumbing And Heating Ltd
Strategic Report for the Year Ended 30 April 2025
The directors present their strategic report for the year ended 30 April 2025.
Principal activity
The principal activity of the company is Plumbing and heating installation
Approved and authorised by the
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Harvey Plumbing And Heating Ltd
Directors' Report for the Year Ended 30 April 2025
The directors present their report and the financial statements for the year ended 30 April 2025.
Directors of the company
The directors who held office during the year were as follows:
Small companies provision statement
This report has been prepared in accordance with the small companies regime under the Companies Act 2006.
Approved and authorised by the
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Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Harvey Plumbing And Heating Ltd
for the Year Ended 30 April 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Harvey Plumbing And Heating Ltd for the year ended 30 April 2025 as set out on pages 5 to 12 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.
This report is made solely to the Board of Directors of Harvey Plumbing And Heating Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Harvey Plumbing And Heating Ltd and state those matters that we have agreed to state to the Board of Directors of Harvey Plumbing And Heating Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Harvey Plumbing And Heating Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Harvey Plumbing And Heating Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Harvey Plumbing And Heating Ltd. You consider that Harvey Plumbing And Heating Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Harvey Plumbing And Heating Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
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Cecil Street
Newry
Co. Down
BT35 6AU
Harvey Plumbing And Heating Ltd
Profit and Loss Account for the Year Ended 30 April 2025
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Note |
2025 |
2024 |
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Turnover |
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Cost of sales |
( |
( |
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Gross profit |
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Administrative expenses |
( |
( |
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Operating profit |
7,556 |
20,900 |
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Interest payable and similar expenses |
- |
( |
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Profit before tax |
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Tax on profit |
( |
( |
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Profit for the financial year |
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The above results were derived from continuing operations.
The company has no recognised gains or losses for the year other than the results above.
Harvey Plumbing And Heating Ltd
Statement of Comprehensive Income for the Year Ended 30 April 2025
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2025 |
2024 |
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Profit for the year |
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Total comprehensive income for the year |
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Harvey Plumbing And Heating Ltd
(Registration number: NI660280)
Balance Sheet as at 30 April 2025
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Note |
2025 |
2024 |
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Current assets |
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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 assets |
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Capital and reserves |
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Retained earnings |
19,231 |
14,042 |
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Shareholders' funds |
19,231 |
14,042 |
For the financial year ending 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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• |
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.
Approved and authorised by the
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Harvey Plumbing And Heating Ltd
Statement of Changes in Equity for the Year Ended 30 April 2025
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Retained earnings |
Total |
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At 1 May 2024 |
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Profit for the year |
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Dividends |
( |
( |
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At 30 April 2025 |
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Retained earnings |
Total |
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At 1 May 2023 |
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Profit for the year |
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Dividends |
( |
( |
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At 30 April 2024 |
14,042 |
14,042 |
Harvey Plumbing And Heating Ltd
Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025
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General information |
The company is a private company limited by share capital, incorporated in Northern Ireland.
The address of its registered office is:
Northern Ireland
These financial statements were authorised for issue by the
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Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements were prepared in accordance with Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland and the Companies Act 2006'.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.
Foreign currency transactions and balances
Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.
Tax
The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
Harvey Plumbing And Heating Ltd
Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Leases
Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.
Dividends
Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.
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Turnover |
The analysis of the company's revenue for the year from continuing operations is as follows:
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2025 |
2024 |
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Sale of goods |
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Operating profit |
Arrived at after charging/(crediting)
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2025 |
2024 |
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Operating lease expense - plant and machinery |
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- |
Harvey Plumbing And Heating Ltd
Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025
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Interest payable and similar expenses |
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2025 |
2024 |
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Foreign exchange gains/losses |
- |
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Staff costs |
The aggregate payroll costs (including directors' remuneration) were as follows:
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2025 |
2024 |
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Wages and salaries |
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The average number of persons employed by the company (including directors) during the year, analysed by category was as follows:
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2025 |
2024 |
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Sales, marketing and distribution |
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Directors' remuneration |
The directors' remuneration for the year was as follows:
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2025 |
2024 |
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Remuneration |
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Taxation |
Tax charged/(credited) in the income statement
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2025 |
2024 |
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Current taxation |
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UK corporation tax |
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Debtors |
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Current |
2025 |
2024 |
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Other debtors |
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Harvey Plumbing And Heating Ltd
Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025
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Cash and cash equivalents |
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2025 |
2024 |
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Cash at bank |
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Creditors |
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Note |
2025 |
2024 |
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Due within one year |
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Social security and other taxes |
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Income tax liability |
1,435 |
3,909 |
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Share capital |
Allotted, called up and fully paid shares
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2025 |
2024 |
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No. |
£ |
No. |
£ |
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1 |
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1 |
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Dividends |
Interim dividends paid
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2025 |
2024 |
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Interim dividend of £Nil per each |
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Harvey Plumbing And Heating Ltd
Detailed Profit and Loss Account for the Year Ended 30 April 2025
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2025 |
2024 |
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Turnover (analysed below) |
52,358 |
81,490 |
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Cost of sales (analysed below) |
(15,662) |
(12,923) |
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Gross profit |
36,696 |
68,567 |
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Gross profit (%) |
70.09% |
84.14% |
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Administrative expenses |
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Employment costs (analysed below) |
(16,691) |
(32,424) |
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Establishment costs (analysed below) |
(1,555) |
(1,831) |
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General administrative expenses (analysed below) |
(10,683) |
(13,195) |
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Finance charges (analysed below) |
(211) |
(217) |
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(29,140) |
(47,667) |
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Operating profit |
7,556 |
20,900 |
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Interest payable and similar charges (analysed below) |
- |
(323) |
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Profit before tax |
7,556 |
20,577 |
Harvey Plumbing And Heating Ltd
Detailed Profit and Loss Account for the Year Ended 30 April 2025
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2025 |
2024 |
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Turnover |
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Sales |
52,358 |
81,490 |
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Cost of sales |
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Purchases |
(15,601) |
(12,680) |
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Consumable tools |
(61) |
(243) |
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(15,662) |
(12,923) |
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Employment costs |
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Directors remuneration |
(16,691) |
(32,424) |
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Establishment costs |
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Insurance |
(1,555) |
(1,532) |
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Repairs and renewals |
- |
(299) |
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(1,555) |
(1,831) |
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General administrative expenses |
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Telephone and fax |
(726) |
(769) |
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Printing, postage and stationery |
- |
(470) |
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Hire of plant and machinery (Operating leases) |
(172) |
- |
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Motor expenses |
(8,225) |
(9,854) |
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Travel and subsistence |
- |
(122) |
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Accountancy fees |
(1,560) |
(1,980) |
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(10,683) |
(13,195) |
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Finance charges |
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Bank charges |
(211) |
(217) |
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Interest payable and similar expenses |
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Foreign currency (gains)/losses |
- |
(323) |