Registration number:
Southbank Homes (Yorkshire) Ltd
for the Year Ended 30 November 2025
Southbank Homes (Yorkshire) Ltd
(Registration number: 10964649)
Balance Sheet as at 30 November 2025
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Note |
2025 |
2024 |
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Fixed assets |
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Tangible assets |
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Current assets |
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Stocks |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current assets |
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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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Provisions for liabilities |
( |
( |
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Net assets |
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Capital and reserves |
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Called up share capital |
100 |
100 |
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Retained earnings |
34,166 |
109,211 |
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Shareholders' funds |
34,266 |
109,311 |
For the financial year ending 30 November 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
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• |
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• |
The director acknowledges his 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 special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.
Southbank Homes (Yorkshire) Ltd
(Registration number: 10964649)
Balance Sheet as at 30 November 2025
Approved and authorised by the
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Southbank Homes (Yorkshire) Ltd
Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025
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General information |
The company is a private company limited by share capital, incorporated in United Kingdom.
The address of its registered office is:
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 have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
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.
Going concern
The financial statements have been prepared on a going concern basis.
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.
Tax
The tax expense for the period comprises current and deferred 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.
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.
Southbank Homes (Yorkshire) Ltd
Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025
Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
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.
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.
Southbank Homes (Yorkshire) Ltd
Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025
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.
Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
Leases
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.
Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.
Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Defined contribution pension obligation
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
Southbank Homes (Yorkshire) Ltd
Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025
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Staff numbers |
The average number of persons employed by the company (including the director) during the year, was
Southbank Homes (Yorkshire) Ltd
Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025
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Tangible assets |
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Furniture, fittings and equipment |
Motor vehicles |
Total |
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Cost or valuation |
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At 1 December 2024 |
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Additions |
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- |
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At 30 November 2025 |
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Depreciation |
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At 1 December 2024 |
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Charge for the year |
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At 30 November 2025 |
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Carrying amount |
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At 30 November 2025 |
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At 30 November 2024 |
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Stocks |
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2025 |
2024 |
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Work in progress |
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Debtors |
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Current |
2025 |
2024 |
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Trade debtors |
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Prepayments |
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Other debtors |
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Southbank Homes (Yorkshire) Ltd
Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025
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Creditors |
Creditors: amounts falling due within one year
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Note |
2025 |
2024 |
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Due within one year |
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Loans and borrowings |
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Trade creditors |
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Taxation and social security |
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Accruals and deferred income |
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Other creditors |
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Creditors include net obligations under finance lease contracts which are secured on fixed assets of £5,535 (2024 - £5,535).
Creditors: amounts falling due after more than one year
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Note |
2025 |
2024 |
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Due after one year |
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Loans and borrowings |
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Creditors include net obligations under finance lease contracts which are secured on fixed assets of £19,935 (2024 - net obligations under finance lease contracts which are secured on fixed assets of £25,471).
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Loans and borrowings |
Non-current loans and borrowings
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2025 |
2024 |
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HP and finance lease liability 1 (1-2 yrs) |
5,535 |
5,535 |
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HP and finance lease liability 1 (2-5 yrs) |
14,400 |
19,936 |
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Current loans and borrowings
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2025 |
2024 |
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Bank borrowings |
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- |
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HP and finance lease liability 1 (under 1yr) |
5,535 |
5,535 |
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Southbank Homes (Yorkshire) Ltd
Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025
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Related party transactions |
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Transactions with the director |
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2025 |
At 1 December 2024 |
Repayments by director |
At 30 November 2025 |
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Mr Lee James Vincent |
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Interest free loan repayable on demand |
( |
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( |
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2024 |
At 1 December 2023 |
Repayments by director |
At 30 November 2024 |
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Mr Lee James Vincent |
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Interest free loan repayable on demand |
( |
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( |
Southbank Homes (Yorkshire) Ltd
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Southbank Homes (Yorkshire) Ltd
Detailed Profit and Loss Account for the Year Ended 30 November 2025
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2025 |
2024 |
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Turnover (analysed below) |
2,908,155 |
4,981,790 |
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Cost of sales (analysed below) |
(2,733,450) |
(4,477,226) |
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Gross profit |
174,705 |
504,564 |
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Administrative expenses |
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Employment costs (analysed below) |
(213,253) |
(213,910) |
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Establishment costs (analysed below) |
(39,706) |
(51,882) |
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General administrative expenses (analysed below) |
(25,258) |
(24,026) |
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Finance charges (analysed below) |
(410) |
(1,818) |
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Depreciation costs (analysed below) |
(8,835) |
(10,861) |
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(287,462) |
(302,497) |
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Other operating income (analysed below) |
14,837 |
6,625 |
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Operating (loss)/profit |
(97,920) |
208,692 |
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Other interest receivable and similar income (analysed below) |
2,837 |
- |
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Interest payable and similar expenses (analysed below) |
(2,674) |
(65,036) |
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163 |
(65,036) |
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(Loss)/profit before tax |
(97,757) |
143,656 |
Southbank Homes (Yorkshire) Ltd
Detailed Profit and Loss Account for the Year Ended 30 November 2025
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2025 |
2024 |
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Turnover |
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Rendering of services, UK |
2,908,155 |
4,981,790 |
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Cost of sales |
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Opening work in progress |
(414,000) |
(1,846,325) |
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Purchases |
(999,045) |
(880,715) |
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Consulantancy fees |
(48,013) |
(18,216) |
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Closing work in progress |
80,000 |
414,000 |
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Subcontract cost |
(1,308,869) |
(2,085,246) |
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Hire of plant and machinery (Spot hire) |
(43,523) |
(46,074) |
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Commissions payable |
- |
(14,650) |
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(2,733,450) |
(4,477,226) |
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Employment costs |
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Wages and salaries (excluding directors) |
(191,894) |
(190,331) |
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Staff NIC (Employers) |
(6,899) |
(11,227) |
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Staff pensions (Defined contribution) |
(3,174) |
(3,287) |
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Staff training |
(1,574) |
- |
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Travelling |
(9,712) |
(9,065) |
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(213,253) |
(213,910) |
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Establishment costs |
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Rent |
(9,660) |
(9,532) |
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Light, heat and power |
(9,855) |
(22,666) |
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Insurance |
(19,492) |
(18,890) |
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Repairs and renewals |
(699) |
(794) |
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(39,706) |
(51,882) |
Southbank Homes (Yorkshire) Ltd
Detailed Profit and Loss Account for the Year Ended 30 November 2025
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2025 |
2024 |
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General administrative expenses |
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Office expenses |
(6) |
(517) |
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Computer software and maintenance costs |
(2,364) |
(1,777) |
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Printing, postage and stationery |
(20) |
(370) |
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Charitable donations |
(50) |
(602) |
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Sundry expenses |
(433) |
(560) |
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Motor expenses |
(6,618) |
(8,596) |
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Advertising |
(10,396) |
(6,391) |
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Staff entertaining (allowable for tax) |
(1,055) |
(1,378) |
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Accountancy fees |
(4,099) |
(3,585) |
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Legal and professional fees |
- |
(250) |
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Bad debts written off |
(217) |
- |
|
(25,258) |
(24,026) |
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Finance charges |
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Bank charges |
(410) |
(1,818) |
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Depreciation costs |
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Depreciation of fixtures and fittings (owned) |
(833) |
(833) |
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Depreciation of motor vehicles (owned) |
(6,598) |
(8,797) |
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Depreciation of office equipment (owned) |
(575) |
(828) |
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Depreciation of other tangible (owned) |
(829) |
(403) |
|
(8,835) |
(10,861) |
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Other operating income |
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Government grants receivable |
14,837 |
6,625 |
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Other interest receivable and similar income |
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Bank interest receivable |
2,837 |
- |
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Interest payable and similar expenses |
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Bank loan interest payable |
(2,480) |
(65,036) |
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Other interest payable |
(194) |
- |
|
(2,674) |
(65,036) |