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Balance Sheet | 1—2 |
Statement of Changes in Equity | 3 |
Notes to the Financial Statements | 4—9 |
2016 | 2015 | ||||
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Notes | £ | £ | £ | £ | |
FIXED ASSETS | |||||
Tangible Assets | 7 |
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CURRENT ASSETS | |||||
Stocks |
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Debtors | 8 |
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Cash at bank and in hand |
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Creditors: Amounts Falling Due Within One Year | 9 |
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NET CURRENT ASSETS (LIABILITIES) |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
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Creditors: Amounts Falling Due After More Than One Year | 10 |
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PROVISIONS FOR LIABILITIES | |||||
Deferred Taxation | 11 |
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NET ASSETS |
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CAPITAL AND RESERVES | |||||
Called up share capital | 12 |
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Profit and loss account |
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SHAREHOLDERS' FUNDS | 951,757 | 796,086 | |||
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Share Capital | Profit & Loss Account | Total | |
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£ | £ | £ | |
As at 1 January 2015 |
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714,197 |
Profit for the year and total comprehensive income | - |
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94,529 |
Dividends paid | - | (12,640) | (12,640) |
As at 31 December 2015 and 1 January 2016 |
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796,086 |
Profit for the year and total comprehensive income | - |
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180,971 |
Dividends paid | - | (25,300) | (25,300) |
As at |
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951,757 |
Freehold |
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Plant and machinery |
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Fixtures & fittings |
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2016 | 2015 | ||
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£ | £ | ||
Wages and salaries |
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2016 | 2015 | ||
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Office and administration |
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Sales, marketing and distribution |
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2016 | 2015 | ||
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£ | £ | ||
Bank loans and overdrafts |
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Land & Property | ||||
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Freehold | Plant and machinery | Fixtures & fittings | Total | |
£ | £ | £ | £ | |
Cost | ||||
As at |
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Additions |
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Disposals |
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As at |
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Depreciation | ||||
As at |
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Provided during the period |
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Disposals |
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As at |
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Net Book Value | ||||
As at |
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As at |
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2016 | 2015 | ||
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£ | £ | ||
Due within one year | |||
Trade debtors |
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Prepayments and accrued income |
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Other debtors |
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Corporation tax recoverable assets |
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Director's loan account | 39,009 | 39,013 | |
Amounts owed by other participating interests | 39,009 | 39,013 | |
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Due after more than one year | |||
Other debtors |
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2016 | 2015 | ||
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£ | £ | ||
Trade creditors |
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Bank loans and overdrafts |
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Corporation tax |
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Other taxes and social security | - |
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VAT |
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Accruals and deferred income |
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2016 | 2015 | ||
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£ | £ | ||
Bank loans |
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2016 | 2015 | ||
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£ | £ | ||
Bank loans and overdrafts | 1,342,064 | 1,478,194 |
2016 | 2015 | ||
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£ | £ | ||
As at |
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Deferred taxation |
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Deferred tax |
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As at |
Amounts advanced | Amounts repaid | As at |
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£ | £ | £ | £ | |
Mr Karim Rashid |
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2016 | 2015 | ||
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£ | £ | ||
On equity shares: | |||
Final dividend paid |
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25,300 | 12,640 | ||
CSK Retail Limited
CSK Retail Limited is a company wholly owned by the shareholders.
The company has loaned monies for cashflow purposes to CSK Retail Limited. The balance is included within other debtors. At the balance sheet date the amount outstanding was £100,000 (2015 - £100,000).
KBS Retail Limited
KBS Retail Limited is a company wholly owned by the shareholders.
The company has loaned monies for cashflow purposes to KBS Retail Limited. The balance is included within other debtors. At the balance sheet date the amount outstanding was £500,000 (2015 - £500,000).
Mrs Margaret Rashid
Mrs Rashid is a shareholder of the company and therefore a related party.
The balance owed is included within other debtors. At the balance sheet date the amount due was £39,009 (2015 - £39,013).