for the Period Ended 31 March 2020
Company Information - 3 | |
Report of the Directors - 4 | |
Profit and Loss Account - 5 | |
Balance sheet - 6 | |
Additional notes - 8 |
for the Period Ended 31 March 2020
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The directors present their report with the financial statements of the company for the period ended 31 March 2020
Principal Activities
Additional information
I am pleased to present my report for the financial year ended 31st March 2020. We are now in what has proved to be a more stable year of operation, with turnover rising steadily this time to £3624 and a small profit of £111 duly recorded. These improved performance figures are in line with expectations re. a year where ongoing family illness has sadly prevented much work being undertaken on the two research projects. A further complication has arisen at the very end of this financial year, in the form of a global pandemic. This has put any further research on hold for the foreseeable future. Nevertheless the company’s existing client base has been maintained. The recent business move continues to be a success and company goodwill has been extended visibly in many areas. The continued availability of chargeable work means that there is adequate funding for the research processes to be restarted in due course. It is now envisaged that the television and radio broadcast index project will finish first because it requires less funding. I believe that I have found more source material for the third edition of the England Rugby Chronicle book and negotiations are ongoing to acquire access to this material. Again current estimates indicate that these two research projects will restart in the new financial year of 2020-2021, but may take until 2021-2022 to complete due to the ongoing uncertainty over COVID19. For the immediate future the emphasis is thus placed on maintaining chargeable work and I am confident that the company will complete its sixteenth year of operation. In the meantime the England Rugby Chronicle continues to remain in the public eye by having an ongoing presence on social media. This is still generating new clients without any increase in advertising expenditure. The continued company presence in Wales also helps maintain the profile of what is a rugby project. This continued use of social media is thus maintaining the public profile of the England Rugby Chronicle project until that time when the new edition is finished. Then of course the more direct marketing can begin. Moreover I am still interested in undertaking private history tutoring for Welsh schoolchildren. The Abebooks.com webshop is still active and flourishing despite Lockdown and there is still a prospect that I might have some product to be placed on rugby memorabilia online trading sites in 2020-2021. I have decided not to propose any dividends to the shareholders for the financial year 2019-2020. Funds will naturally be required to complete the England Rugby Chronicle projects. Of course the matter of future dividends will be placed up for discussion at the next AGM on 22nd December 2020. The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006.
Directors
The directors shown below have held office during the whole of the period from 01 April 2019 to 31 March 2020
This report was approved by the board of directors on
And Signed On Behalf Of The Board By:
Name:
Status: Director
for the Period Ended 31 March 2020
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The notes form part of these financial statements
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Total assets less current liabilities: |
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Total net assets (liabilities): |
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The notes form part of these financial statements
As at 31 March 2020
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This report was approved by the board of directors on
And Signed On Behalf Of The Board By:
Name:
Status: Director
The notes form part of these financial statements
for the Period Ended 31 March 2020
Basis of measurement and preparation
Turnover policy
Tangible fixed assets depreciation policy
Intangible fixed assets amortisation policy
Valuation information and policy
Other accounting policies
for the Period Ended 31 March 2020
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for the Period Ended 31 March 2020