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Financial Statements
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Contents
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Page
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Directors' report
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1
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Statement of income and retained earnings
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2
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Statement of financial position
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3
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Notes to the financial statements
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4
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Chartered accountant's report to the board of directors on the preparation of the unaudited statutory financial statements
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9
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Detailed income statement
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10
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Notes to the detailed income statement
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11
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Directors' Report
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Director
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Company Secretary
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Registered office:
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Statement of Income and Retained Earnings
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2017
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2016
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Note
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£
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£
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Turnover
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Cost of sales
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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 profit
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Interest payable and similar expenses
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--------
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Profit before taxation
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5
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Tax on profit
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--------
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--------
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Profit for the financial year and total comprehensive income
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Dividends paid and payable
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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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Retained earnings at the end of the year
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Statement of Financial Position
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2017
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2016
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Note
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£
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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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Stocks
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Debtors
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7
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Cash at bank and in hand
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--------
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Creditors: amounts falling due within one year
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8
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--------
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Net current assets
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Total assets less current liabilities
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Creditors: amounts falling due after more than one year
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9
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Taxation including deferred tax
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--------
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--------
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Net assets
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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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Members funds
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--------
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Director
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Notes to the Financial Statements
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Plant & Machinery
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-
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Fixtures & Fittings
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-
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Motor Vehicles
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-
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Equipment
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-
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2017
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2016
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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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Plant and machinery
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Fixtures and fittings
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Motor vehicles
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Equipment
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Total
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£
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£
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£
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£
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£
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Cost
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At 1 April 2016
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Additions
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–
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–
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Disposals
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–
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–
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(
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–
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(
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--------
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-----
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------
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--------
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At 31 March 2017
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--------
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Depreciation
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At 1 April 2016
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Charge for the year
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–
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–
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Disposals
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–
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–
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(
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–
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(
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--------
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------
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--------
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At 31 March 2017
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–
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--------
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------
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--------
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Carrying amount
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At 31 March 2017
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–
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--------
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------
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--------
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At 31 March 2016
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–
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--------
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------
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--------
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2017
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2016
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£
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£
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Trade debtors
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Other debtors
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--------
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--------
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--------
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--------
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2017
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2016
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£
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£
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Trade creditors
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Corporation tax
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–
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Social security and other taxes
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Other creditors
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--------
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--------
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--------
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--------
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2017
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2016
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£
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£
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Other creditors
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--------
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--------
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2017
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Balance brought forward
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Advances/ (credits) to the directors
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Amounts repaid
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Balance outstanding
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£
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£
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£
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£
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(
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(
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------
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------
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------
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(
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------
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2016
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Balance brought forward
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Advances/ (credits) to the directors
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Amounts repaid
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Balance outstanding
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£
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£
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£
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£
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(
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16,902
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(
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14,466
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-----
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------
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------
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------
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(
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------
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Management Information
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Chartered Accountant's Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of
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Detailed Income Statement
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2017
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2016
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£
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£
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Turnover
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Opening stock
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14,250
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12,350
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Materials
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415,620
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405,973
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--------
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--------
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429,870
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418,323
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Closing stock
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14,125
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14,250
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--------
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--------
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415,745
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404,073
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--------
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--------
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Gross profit
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Administrative expenses
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261,761
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264,586
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--------
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--------
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Operating profit
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Interest payable and similar expenses
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(6,953)
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(3,606)
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--------
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Profit before taxation
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141,088
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113,677
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--------
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--------
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Notes to the Detailed Income Statement
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2017
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2016
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£
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£
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Directors salaries
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16,080
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16,120
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Directors pension contributions
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20,000
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20,000
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Wages and salaries
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114,321
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110,223
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Employers NI
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10,716
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10,712
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Rent
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12,600
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11,500
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Rates and water
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2,551
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3,138
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Light, heat & power
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5,398
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3,195
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Insurance
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4,378
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3,967
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Repairs and maintenance
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15,973
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10,390
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Motor expenses
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5,881
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7,300
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Travel and subsistence
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6,761
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4,407
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Hire costs (non-operating leases) - type 2
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3,135
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–
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Telephone
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2,665
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2,270
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Printing postage and stationery
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840
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1,033
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Computer consumables
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(18,664)
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20,997
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General expenses
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3,158
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996
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Entertaining
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58
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740
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Accountancy fees
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2,596
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2,321
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Payroll services
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430
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314
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Depreciation of tangible assets
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53,980
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34,101
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(Gain)/loss on disposal of tangible assets
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(2,759)
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–
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Bank charges
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1,663
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862
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--------
|
--------
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261,761
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264,586
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--------
|
--------
|
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HP and FL interest & charges
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-----
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