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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Abridged 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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4
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Detailed abridged income statement
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8
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Notes to the detailed abridged income statement
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9
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Director's Report
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Director
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Registered office:
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Abridged 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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Distribution costs
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Administrative expenses
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Operating profit
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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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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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Net assets
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Called up share capital
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Profit and loss account
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Shareholders funds
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Director
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Notes to the Abridged Financial Statements
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plant and machinery
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-
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Motor Vehicles
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-
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Office 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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Cost
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At 1 April 2016
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Additions
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At 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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At 31 March 2017
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Carrying amount
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At 31 March 2017
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13,682.87
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At 31 March 2016
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18,875.18
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Management Information
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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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143,855.58
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164,729.17
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Purchases - type 3
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2,746.83
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588.05
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Purchases - type 4
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2.37
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–
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Subcontractor costs
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32,691.33
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44,562.00
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179,296.11
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209,879.22
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Closing stock - resale
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(500.00)
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(300.00)
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179,796.11
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210,179.22
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Other operating income
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1,748.53
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1,145.36
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Gross profit
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Distribution costs
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46,292.81
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55,580.91
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Administrative expenses
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72,173.94
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56,534.51
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118,466.75
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112,115.42
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Operating profit
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Profit before taxation
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120,780.66
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119,439.93
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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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Management charges receivable
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39.85
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77.34
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Other operating income
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1,708.68
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1,068.02
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1,748.53
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1,145.36
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Freight and carriage - type 2
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–
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48.95
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Commissions paid
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46,292.81
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55,531.96
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46,292.81
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55,580.91
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Wages and salaries
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35,600.00
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24,000.00
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Wages and salaries - type 4
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–
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(41.24)
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Employers national insurance contributions
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16.92
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–
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Staff pension contributions - other
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248.92
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–
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Rates and water - type 2
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2,404.40
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1,566.73
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Light and heat
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38.40
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–
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Other establishment expenses
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108.96
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15.48
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Motor expenses
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20,547.93
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20,472.42
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Telephone
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2,507.93
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1,662.06
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Printing
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159.79
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582.50
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Printing postage and stationery
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3,902.38
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3,108.44
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Other staff related expenses
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398.12
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–
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Other staff related expenses - type 2
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–
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30.00
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Charitable donations (allowable)
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100.00
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–
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General expenses (allowable)
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–
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25.55
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Depreciation of tangible assets
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6,027.00
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4,994.50
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Bank charges
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113.19
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118.07
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72,173.94
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56,534.51
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