The loans are due for repayment over a five-year period, with a broadly even repayment pattern with approximately
€0.5m (£0.4m) due for repayment in FY 2022. New borrowings in the year amounted to £1.8m. There are no financial covenants attached to the loans, nor is there any security applied. All loans are denominated in €.
Trade and other payables
|
Current |
||
|
2021 £’000 |
2020 £’000 |
|
|
Trade payables |
1,736 |
2,143 |
|
Other taxation and social security |
3,496 |
2,477 |
|
Other payables |
852 |
996 |
|
Accrued liabilities |
1,464 |
905 |
|
Deferred income |
5,870 |
4,918 |
|
13,418 |
11,439 |
|
The Directors consider that the book value of trade payables, taxation, other payables, accrued liabilities and deferred income approximates to their fair value at the reporting date.
Below is a reconciliation of the movement in deferred income:
|
Total £’000 |
|
|
At 1 February 2020 |
4,918 |
|
Revenue recognised in the year |
(4,918) |
|
Revenue deferred at year end |
5,719 |
|
Foreign exchange difference |
151 |
|
At 31 January 2021 |
5,870 |
Leases
|
Right of use assets |
£’000 |
|
At 1 February 2020 |
3,272 |
|
Additions during the year |
598 |
|
Depreciation |
(1,106) |
|
Foreign exchange difference |
(70) |
|
At 31 January 2021 |
2,694 |
|
31 January 2021 £’000 |
31 January 2020 £’000 |
|
|
Buildings |
2,428 |
3,004 |
|
Cars |
216 |
221 |
|
Others |
50 |
47 |
|
2,694 |
3,272 |
|
Lease liabilities |
£’000 |
|
At 1 February 2020 |
3,297 |
|
Additions during the year |
586 |
|
Rent concession |
(88) |
|
Interest cost |
114 |
|
Cash paid |
(1,183) |
|
Foreign exchange difference |
(58) |
|
At 31 January 2021 |
2,668 |
|
31 January 2021 £’000 |
1 February 2020 £’000 |
|
|
Current |
925 |
957 |
|
Non-current |
1,743 |
2,340 |
|
2,668 |
3,297 |
Amounts recognised in profit or loss:
