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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Directors' 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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5
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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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Directors' Report
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Director
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Director
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Company Secretary
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Registered office:
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Abridged Statement of Income and Retained Earnings
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2016
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2015
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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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Operating profit
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Interest payable and similar expenses
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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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2016
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2015
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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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Director
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Notes to the Abridged Financial Statements
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Land and buildings
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-
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Plant and equipment
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-
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Furniture and fittings
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-
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Motor vehicle
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-
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Office equipment
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-
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2016
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2015
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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 January 2016 and 31 December 2016
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Depreciation
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At 1 January 2016
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Charge for the year
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At 31 December 2016
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Carrying amount
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At 31 December 2016
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168,130
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At 31 December 2015
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186,560
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Management Information
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Detailed Abridged Income Statement
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2016
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2015
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£
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£
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Turnover
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Opening stock - raw materials
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740,881
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595,951
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Purchases
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3,508,476
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3,398,219
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Subcontractor costs
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47,255
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27,329
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4,296,612
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4,021,499
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Closing stock - resale
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789,596
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740,881
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3,507,016
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3,280,618
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Other operating income
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–
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1,108
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Gross profit
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Administrative expenses
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358,194
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321,900
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Operating profit
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Interest payable and similar expenses
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(2,696)
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(5,707)
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Profit before taxation
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178,016
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236,457
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Notes to the Detailed Abridged Income Statement
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2016
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2015
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£
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£
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Other operating income
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–
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1,108
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----
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Administrative staff salaries
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16,000
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15,000
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Wages and salaries
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109,293
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114,312
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Rent
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51,154
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49,713
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Light and heat
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6,199
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4,882
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Insurance
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9,966
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8,054
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Repairs and maintenance (allowable)
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524
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1,392
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Cleaning costs
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4,335
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2,565
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Motor expenses
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7,800
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8,810
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Travel and subsistence
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336
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417
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Telephone
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4,323
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3,953
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Office expenses
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964
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772
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Staff training
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–
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150
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Other staff related expenses
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3,014
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778
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Sundry expenses
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2,504
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1,223
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General expenses (allowable)
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2,051
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2,314
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Advertising
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80,427
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61,938
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Legal and professional fees (allowable)
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11,521
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9,767
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Accountancy fees
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4,596
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2,272
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Depreciation of tangible assets
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18,430
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16,131
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Bad debts written off
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34
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–
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Financial costs
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9,762
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8,563
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Bank charges
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14,961
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8,894
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358,194
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321,900
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Interest on bank loans and overdrafts
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2,597
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5,707
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Other interest payable and similar charges
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99
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–
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2,696
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5,707
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