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Financial Statements
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Contents
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Pages
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Balance sheet
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1 to 2
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Notes to the financial statements
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3 to 10
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Balance Sheet
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2019
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2018
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Note
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£
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£
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Intangible assets
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5
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–
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Tangible assets
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6
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-------
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Stocks
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Debtors
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7
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Cash at bank and in hand
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---------
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Creditors: amounts falling due within one year
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8
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Net current assets
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--------
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--------
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Total assets less current liabilities
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--------
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--------
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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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--------
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--------
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Shareholders funds
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--------
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--------
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Balance Sheet (continued)
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Director
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Notes to the Financial Statements
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Goodwill
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-
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Motor vehicles
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-
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Computer Equipment
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-
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Goodwill
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£
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Cost
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At 1 March 2018 and 28 February 2019
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--------
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Amortisation
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At 1 March 2018
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Charge for the year
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--------
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At 28 February 2019
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--------
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Carrying amount
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At 28 February 2019
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–
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--------
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At 28 February 2018
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--------
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Office equipment
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Total
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£
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£
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Cost
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At 1 March 2018
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Disposals
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(
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(
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-------
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-------
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At 28 February 2019
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-------
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-------
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Depreciation
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At 1 March 2018
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Charge for the year
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Disposals
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(
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(
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-------
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-------
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At 28 February 2019
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-------
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Carrying amount
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At 28 February 2019
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-------
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At 28 February 2018
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2019
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2018
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£
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£
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Trade debtors
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Other debtors
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–
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-------
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-------
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2019
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2018
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£
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£
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Corporation tax
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Social security and other taxes
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Other creditors
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---------
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2019
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2018
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£
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£
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Sales
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4,095
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14,944
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Purchases
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1,848
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7,389
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Postage and delivery
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103
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459
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Ebay and amazon charges
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1,393
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3,962
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-------
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3,344
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11,810
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Gross profit
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751
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3,134
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Administrative expenses
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15,230
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24,729
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--------
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--------
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Operating Loss
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(14,479)
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(21,595)
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--------
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--------
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Profit/(Loss) on ordinary activities before taxation
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(14,479)
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(21,595)
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--------
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--------
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2019
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2018
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£
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£
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Travel and subsistence
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(1,125)
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(1,125)
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Telephone
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(500)
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(536)
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Business use of home
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(312)
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(312)
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Insurance
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–
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(482)
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Sundry expenses
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(14)
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(170)
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Bank charges
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(204)
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(80)
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Legal and professional fees
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(358)
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(380)
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Accountancy fees
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(1,495)
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(1,430)
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Directors salaries
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(8,160)
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(8,152)
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Amortisation of intangible assets
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(3,000)
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(12,000)
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Depreciation of fixed assets
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(62)
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(62)
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--------
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--------
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(15,230)
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(24,729)
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2019
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2018
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£
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£
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Sales
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170,035
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–
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Opening stock - finished goods
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120,000
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–
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Purchases
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10,600
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120,260
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Subcontractor costs
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–
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390
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Legal & professional
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–
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5,347
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Rates
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1,011
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930
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Heat & light
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172
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64
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---------
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131,783
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126,991
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Closing stock
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–
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120,000
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131,783
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6,991
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Gross profit/(Loss)
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38,252
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(6,991)
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---------
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Operating profit/(Loss)
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38,252
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(6,991)
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-------
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Profit/(Loss) on ordinary activities before taxation
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38,252
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(6,991)
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---------
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-------
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