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FINANCIAL STATEMENTS
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Contents
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Pages
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DIRECTORS' REPORT
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PROFIT AND LOSS ACCOUNT
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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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Turnover
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Cost of sales
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(
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(
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Gross loss
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(
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(
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Administrative expenses
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(
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(
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Operating loss
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(
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(
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Other interest receivable and similar income
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Loss before taxation
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5
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(
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(
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Tax on loss
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Loss for the financial year and total comprehensive income
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(
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(
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Retained losses at the start of the year
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(
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(
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Retained losses at the end of the year
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(
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(
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BALANCE SHEET
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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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Tangible assets
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6
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Stocks
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7
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Debtors
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8
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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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9
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(
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(
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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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10
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(
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(
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Net liabilities
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(
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(
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Called up share capital
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11
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Profit and loss account
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(
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(
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Members deficit
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(
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(
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NOTES TO THE FINANCIAL STATEMENTS
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Fixtures and fittings
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-
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Computer 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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Fixtures and fittings
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Computer equipment
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Total
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£
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£
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£
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Cost
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At 30 Apr 2016 and 30 Apr 2017
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Depreciation
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At 30 April 2016
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Charge for the year
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–
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At 30 April 2017
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Carrying amount
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At 30 April 2017
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–
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At 29 April 2016
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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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Finished goods and consumables
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2017
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2016
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£
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£
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Trade debtors
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–
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Prepayments and accrued income
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Corporation tax recoverable
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–
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VAT recoverable
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2017
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2016
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£
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£
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Accruals and deferred income
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2017
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2016
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£
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£
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Directors' loan accounts (note 14)
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2017
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2016
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No.
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£
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No.
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£
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150,000
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150,000
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2017
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2016
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£
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£
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Not later than 1 year
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–
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Later than 1 year and not later than 5 years
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–
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MANAGEMENT INFORMATION
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DETAILED PROFIT AND LOSS ACCOUNT
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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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Opening stock
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65,600
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70,285
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Direct costs
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151,121
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274,155
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Carriage and packaging
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33,725
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45,585
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250,446
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390,025
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Closing stock
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21,500
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65,600
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228,946
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324,425
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Gross loss
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Administrative expenses
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94,563
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79,217
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Operating loss
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Other interest receivable and similar income
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14
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23
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Loss before taxation
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NOTES TO THE DETAILED PROFIT AND LOSS ACCOUNT
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2017
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2016
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£
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£
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Rent
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17,126
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11,832
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Rates and water
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175
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–
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Light and heat
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924
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440
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Insurance
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477
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673
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Travel and subsistence
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5,650
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3,443
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Telephone
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607
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148
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Printing postage and stationery
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454
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508
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Staff training
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–
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4,000
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Sundry expenses
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1,735
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1,361
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Royalties
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–
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290
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Computer expenses
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496
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14
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Advertising and promotional expenses
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22,670
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32,027
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Legal and professional fees
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41,328
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18,689
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Accountancy fees
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2,000
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4,000
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Depreciation of tangible assets
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707
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1,527
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Bank charges
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214
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265
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------------
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94,563
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79,217
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Bank interest
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14
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23
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