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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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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Chartered accountant's report to the director on the preparation of the unaudited statutory abridged financial statements
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10
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Detailed abridged income statement
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11
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Notes to the detailed abridged income statement
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12
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Director's Report
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Director
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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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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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Other interest receivable and similar income
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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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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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Retained earnings at the end of the year
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Abridged 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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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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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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Taxation including deferred tax
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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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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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£
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Cost
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At 1 April 2016 and 31 March 2017
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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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At 31 March 2017
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Carrying amount
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At 31 March 2017
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21,638
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At 31 March 2016
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27,251
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Management Information
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Chartered Accountant's Report to the Director on the Preparation of the Unaudited Statutory Abridged Financial Statements of
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Detailed Abridged 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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Purchases
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63,488
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49,016
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Freelance consultants
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12,480
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11,480
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Student refreshments
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21,781
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19,050
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--------
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--------
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97,749
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79,546
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Gross profit
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Administrative expenses
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267,544
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311,210
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Operating profit
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Other interest receivable and similar income
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1,632
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–
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Profit before taxation
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303,815
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145,716
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Notes to the Detailed Abridged 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 pensions
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–
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40,000
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Wages and salaries
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91,844
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65,251
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Relocation expenses
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–
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8,000
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Staff national insurance contributions
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4,818
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6,551
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Staff pension contributions - defined contribution
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758
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40,000
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Rent
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37,500
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40,000
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Rates and water
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17,971
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16,497
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Light and heat
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3,701
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3,943
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Insurance
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242
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3,701
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Repairs and maintenance (allowable)
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8,519
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40
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Cleaning costs
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7,878
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2,763
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Motor expenses
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2,788
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2,090
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Travel and subsistence
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1,684
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3,398
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Hire of equipment
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1,298
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3,106
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Telephone
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4,608
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4,736
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It and website costs
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12,846
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3,357
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Printing postage and stationery
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3,649
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3,380
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Staff training
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500
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1,551
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Sundry expenses
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37
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30
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Subscriptions
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1,798
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2,259
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Advertising
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45,678
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39,525
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Legal and professional fees (allowable)
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5,199
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–
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Growth consultancy
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–
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3,425
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Recruitment fees
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–
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3,300
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Accountancy fees
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2,450
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2,275
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Depreciation of tangible assets
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5,613
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7,086
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Bad debts written off
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1,241
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–
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Bank charges
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4,924
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4,946
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267,544
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311,210
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Interest on cash and cash equivalents
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1,632
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–
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