From the final results....17 Sep 2013 17:06
First time in the final results that auditors have raised uncertainty about the company being able to continue as a going concern......
"Emphasis of matter - going concern
In forming its opinion, which is not qualified, the Company's auditors have considered the adequacy of the disclosure made in the accounting policies on the financial statements concerning the group's ability to continue as a going concern. The group incurred a net loss of £1,306,000 for the year ended 31 March 2013 and, at that date, the group's net liabilities included a VAT balance recoverable of £1,351,000, which is the subject of an ongoing dispute (see note 26). These conditions, together with other matters explained in note 2.1 to the financial statements, indicate the existence of a material uncertainty which may cast significant doubt about the company's ability to continue as a going concern. The financial statements do not include the adjustments that would result if the group was unable to continue as a going concern."