BALANCE SHEETS

as at 30 May 2004


  Notes Group Company
2004
£000		 2003
£000		 2004
£000		 2003
£000
A thin, black line.
Fixed assets
Goodwill 12 2,463 3,190 - -
Tangible assets 13 25,627 17,623 - -
Investments 14 - - 30,281 27,867
A thin, black line.
    28,090 20,813 30,281 27,867
A thin, black line.
Current assets
Stocks 15 12,102 12,496 - -
Debtors 16 13,612 13,212 9,902 9,109
Cash at bank and in hand   8,570 11,728 551 -
A thin, black line.
    34,284 37,436 10,453 9,109
 
Creditors: amounts falling due within one year 17 (26,558) (28,335) (9,833) (14,875)
A thin, black line.
Net current assets/(liabilities)   7,726 9,101 620 (5,766)
A thin, black line.
Total assets less current liabilities   35,816 29,914 30,901 22,101
 
Creditors: amount falling due after more than one year 18 (788) (16) - -
Provisions for liabilities and charges 20 (924) (1,725) (392) (1,232)
A thin, black line.
Net assets   34,104 28,173 30,509 20,869
A thin, black line.
 
Capital and reserves
Called up share capital 21 1,542 1,503 1,542 1,503
Capital redemption reserve 23 101 101 101 101
Share premium 23 5,251 1,267 13,279 9,295
Profit and loss account 23 27,210 25,301 15,587 9,970
A thin, black line.
Equity shareholders' funds 25 34,104 28,172 30,509 20,869
Equity minority interests 24 - 1 - -
A thin, black line.
Total capital employed - all equity   34,104 28,173 30,509 20,869
A thin, black line.

The accompanying notes are an integral part of these balance sheets.

The financial statements were approved by the board of directors on 26 July 2004 and were signed on its behalf by:

T H F Kirby, Director

M Sherwin, Director

<< Profit and loss account Cash flow statement >>