Statement of Consent to Prepare Abridged Financial Statements
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Abridged Financial Statements
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Contents
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Page
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Director's report
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1
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Abridged statement of income and retained earnings
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2
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Abridged statement of financial position
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3
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Notes to the abridged financial statements
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5
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Detailed abridged income statement
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9
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Notes to the detailed abridged income statement
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10
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Director's Report
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Director
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Company Secretary
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Registered office:
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Devon
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Abridged Statement of Income and Retained Earnings
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2016
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2015
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Note
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£
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£
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Gross profit
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Administrative expenses
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--------
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--------
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Operating loss
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(
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(
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Other interest receivable and similar income
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Interest payable and similar expenses
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--------
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--------
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Loss before taxation
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5
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(
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(
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Tax on loss
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(
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--------
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-------
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Loss for the financial year and total comprehensive income
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(
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(
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--------
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-------
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Retained earnings at the start of the year
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--------
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--------
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Retained (losses)/earnings at the end of the year
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(
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--------
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--------
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Abridged Statement of Financial Position
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2016
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2015
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Note
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£
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£
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£
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Tangible assets
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6
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Debtors
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Cash at bank and in hand
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–
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-------
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Creditors: amounts falling due within one year
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--------
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Net current liabilities
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--------
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--------
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Total assets less current liabilities
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(
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Taxation including deferred tax
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--------
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--------
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Net (liabilities)/assets
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(
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--------
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--------
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Called up share capital
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Profit and loss account
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(
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--------
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--------
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Members (deficit)/funds
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(
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Abridged Statement of Financial Position (continued)
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Director
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Notes to the Abridged Financial Statements
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Plant & Machinery
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-
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10% per annum of net book value
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Motor Vehicles
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-
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25% per annum of net book value
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2016
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2015
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£
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£
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Depreciation of tangible assets
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-------
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-------
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£
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Cost
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At 1 January 2016
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Disposals
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(
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--------
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At 31 December 2016
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--------
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Depreciation
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At 1 January 2016
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Charge for the year
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--------
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At 31 December 2016
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--------
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Carrying amount
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At 31 December 2016
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30,007
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--------
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At 31 December 2015
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39,249
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Management Information
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Detailed Abridged Income Statement
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2016
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2015
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£
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£
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Turnover
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Materials
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90,023
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92,533
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Wages
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60,519
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54,505
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---------
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150,542
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147,038
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Gross profit
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Light and heat
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474
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841
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Insurance
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6,856
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6,368
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Motor expenses
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25,891
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24,041
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Telephone
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796
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487
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Printing, stationery and advertising
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7,035
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6,907
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Sundries
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1,720
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717
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Bad debts written off
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–
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250
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Bank charges and Interest
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780
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664
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Accountancy
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1,550
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1,500
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Directors Remuneration
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14,523
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18,000
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Depreciation of tangible assets
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7,007
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9,258
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(Gain)/loss on disposal of tangible assets
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2,235
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126
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--------
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68,867
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69,159
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--------
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Operating loss
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(
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(
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Other interest receivable and similar income
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71
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96
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Interest payable and similar expenses
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(61)
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(595)
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--------
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Loss before taxation
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(46,495)
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(4,586)
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Notes to the Detailed Abridged Income Statement
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2016
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2015
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£
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£
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Interest on cash and cash equivalents
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71
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96
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----
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Interest on bank loans and overdrafts
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61
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595
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