Page 60 - Hardide-Annual-Report-2021
P. 60

  60 Notes to the Group Financial Statements
13. CURRENT ASSETS
Inventories
Raw materials and consumables Manufactured parts for resale Work in progress
Receivables
Trade receivables Other receivables
Other current financial assets
2021 £ ‘000
288 177 39 504
572 11 583
2020 £ ‘000
406 137 22 565
474 12 486
209 63 123 395
2,000 626 89 2,715 4,161
          Prepayments 221 VAT receivable   68 Accrued income   153
442
Cash and cash equivalents
Sterling 688 US Dollar   839 Euro 16
1,543 Total current assets   3,072
      There is no general provision for bad debts. During the year, one specific trade receivable amounting to £1,000 was classified as a bad debt (2020: Nil). Trade receivables are regularly reviewed for age and possible impairment. It is the directors’ opinion that, as at the Statement of Financial Position date, no trade receivable other than the one referred to above required impairment. The ageing of trade receivables is as follows:
2021 £ ‘000
Current 263 1 month   284 2 months   2 3 months   3 More than 3 months   20 Total trade receivables   572
A total of £309,000 (2020: £180,000) trade receivables are over 30 days old and therefore overdue.
2020 £ ‘000
294 125 36 - 19 474
  








































































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