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Balance Sheet | 1—2 |
Statement of Changes in Equity | 3 |
Notes to the Financial Statements | 4—7 |
2017 | 2016 | ||||
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Notes | £ | £ | £ | £ | |
FIXED ASSETS | |||||
Tangible Assets | 6 |
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CURRENT ASSETS | |||||
Stocks | 7 |
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Debtors | 8 |
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Cash at bank and in hand |
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Creditors: Amounts Falling Due Within One Year | 9 |
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NET CURRENT ASSETS (LIABILITIES) |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
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NET ASSETS |
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CAPITAL AND RESERVES | |||||
Called up share capital | 10 |
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Share premium account |
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Profit and loss account |
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SHAREHOLDERS' FUNDS | 128,553 | 175,365 | |||
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Share Capital | Share Premium | Profit & Loss Account | Total | |
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£ | £ | £ | £ | |
As at 1 April 2015 |
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34,595 |
Loss for the year and total comprehensive income | - | - |
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(126,048) |
Arising on shares issued during the period |
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264,339 | - | 288,350 |
Expenses on shares issued during the period | - | (21,532) | - | (21,532) |
As at 31 March 2016 and 1 April 2016 |
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175,365 |
Loss for the year and total comprehensive income | - | - |
( |
(172,677) |
Arising on shares issued during the period |
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118,731 | - | 125,865 |
As at |
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128,553 |
Plant & Machinery |
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Computer Equipment |
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Plant & Machinery | Computer Equipment | Total | |
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£ | £ | £ | |
Cost | |||
As at |
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Additions |
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As at |
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Depreciation | |||
As at |
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Provided during the period |
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As at |
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Net Book Value | |||
As at |
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As at |
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2017 | 2016 | ||
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£ | £ | ||
Stock - materials |
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Stock - finished goods |
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2017 | 2016 | ||
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£ | £ | ||
Due within one year | |||
Trade debtors |
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Other debtors |
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Corporation tax recoverable assets |
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VAT | - |
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Directors' loan accounts | - | 121 | |
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2017 | 2016 | ||
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£ | £ | ||
Trade creditors |
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Other taxes and social security |
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VAT |
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- | |
Accruals and deferred income |
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As at |
Amounts advanced | Amounts repaid | As at |
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£ | £ | £ | £ | |
Mr Jason Hirst |
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Mr Paul Adams |
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Mr Ian Burgess |
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Evogro Services Limited ("ESL")
Two of the directors have also served as Directors of ESL during the year. In addition, the majority shareholder of ESL owns shares in the Company representing 7% of the voting capital.
The Company sells its cabinets to Evogro Services Limited at arm's length prices, in accordance with the Company's standard price list, to enable ESL to rent such cabinets to end-users. In order to facilitate simpler customer billing, (i) the Company can act as agent for ESL, invoicing and collecting rentals and remitting these to ESL and (ii) ESL can act as agent of the Company, invoicing and collecting service income and consumables revenue on its behalf. Neither company levies an administration charge for these services. Further, ESL can, at its discretion, provide short-term, unsecured, interest-free loans to the Company.