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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Report to the director on the preparation of the unaudited statutory abridged financial statements
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2
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Abridged statement of income and retained earnings
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3
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Abridged statement of financial position
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4
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Notes to the abridged financial statements
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6
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Detailed abridged income statement
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10
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Notes to the detailed abridged income statement
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11
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Director's Report
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Director
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Company Secretary
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Report to the Director on the Preparation of the Unaudited Statutory Abridged Financial Statements of
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Abridged Statement of Income and Retained Earnings
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2018
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2017
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Note
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£
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£
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Gross profit
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Distribution costs
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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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Profit for the financial year and total comprehensive income
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--------
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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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Abridged Statement of Financial Position
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2018
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2017
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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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Stocks
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Debtors
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Cash at bank and in hand
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Creditors: amounts falling due within one year
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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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Net assets
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Called up share capital
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Profit and loss account
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Members funds
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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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Fixtures and Fittings
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-
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Motor Vehicles
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-
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2018
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2017
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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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Cost
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At 1 May 2017
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Additions
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At 30 April 2018
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Depreciation
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At 1 May 2017
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Charge for the year
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At 30 April 2018
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Carrying amount
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At 30 April 2018
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75,496
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At 30 April 2017
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99,191
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Management Information
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Detailed Abridged Income Statement
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2018
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2017
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£
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£
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Turnover
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Opening stock
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2,000
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2,500
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Purchases
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650,040
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714,175
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Wages and salaries
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228,828
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240,067
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Subcontractor costs
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5,397
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2,651
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Hire costs (non-operating leases)
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–
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1,869
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886,265
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961,262
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Closing stock
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2,000
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2,000
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884,265
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959,262
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Gross profit
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Distribution costs
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48,703
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51,457
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Administrative expenses
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151,583
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193,709
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200,286
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245,166
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Operating profit
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Interest payable and similar expenses
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(4,897)
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(5,886)
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Profit before taxation
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22,276
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125,249
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Notes to the Detailed Abridged Income Statement
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2018
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2017
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£
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£
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Motor, Travelling and Subsistance
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48,703
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51,457
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Directors salaries
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21,064
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19,375
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Health care
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1,582
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1,389
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Wages and salaries
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49,824
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57,375
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Staff pension contributions - defined contribution
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1,772
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779
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Rent rates and water
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10,200
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9,600
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Insurance
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6,294
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12,019
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Hire costs (non-operating leases)
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2,262
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4,686
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Telephone
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11,117
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8,413
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Equipment repairs and renewals
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1,792
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5,975
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Printing postage and stationery
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1,370
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1,919
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Staff training
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883
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478
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Staff welfare
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–
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325
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Bookkeeping
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3,278
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3,648
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Computer Costs
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1,036
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2,313
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Subscriptions
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2,866
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4,732
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Uniform
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651
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627
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General expenses
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3,488
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1,845
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Advertising
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1,101
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–
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Entertaining
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2,255
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2,148
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Legal and professional fees (allowable)
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4,776
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1,838
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Accountancy fees
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1,600
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1,600
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Depreciation of tangible assets
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24,955
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32,484
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(Gain)/loss on disposal of tangible assets
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–
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61
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Bad debts written off
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(3,313)
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18,884
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Bank charges
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730
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1,196
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151,583
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193,709
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Interest on bank loans and overdrafts
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3
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–
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Hire purchase
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4,897
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5,886
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