BALANCE SHEETS

as at 1 June 2003


  Notes Group Company
2003
£000		 2002
£000		 2003
£000		 2002
£000
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Fixed assets
Goodwill 12 3,190 3,647 - -
Tangible assets 13 17,623 15,211 - -
Investments 14 - 121 27,867 18,007
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20,813 18,979 27,867 18,007
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Current assets
Stocks 15 12,496 9,260 - -
Debtors 16 13,212 10,213 9,109 8,835
Cash at bank and in hand 11,728 9,132 - 1,100
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37,436 28,605 9,109 9,935

Creditors: amounts falling due within one year		 17 (28,335) (23,352) (14,875) (9,346)
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Net current assets/(liabilities) 9,101 5,253 (5,766) 18,596
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Total assets less current liabilities 29,914 24,232 22,101 18,596

Creditors: amounts falling due after more than one year		 18 (16) - - -
Provisions for liabilities and charges 20 (1,725) (2.006) (1,232) (414)
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Net assets 28,173 22,226 20,869 18,182
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Capital and reserves
Called up share capital 21 1,503 1,499 1,503 1,499
Capital redemption reserve 23 101 96 101 96
Share premium 23 1,267 417 9,295 8,445
Profit and loss account 23 25,301 20,213 9,970 8,142
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Equity shareholders' funds 25 28,172 22,225 20,869 18,182
Equity minority interests 24 1 1 - -
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Total capital employed - all equity 28,173 22,226 20,869 18,182
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The accompanying notes are an integral part of these balance sheets.

The financial statements were approved by the board of directors on 28 July 2003 and were signed on its behalf by:

T H F Kirby, Director

M Sherwin, Director

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