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Balance Sheet | |||||||
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Current assets |
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Creditors: amounts falling due within one year | ( |
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Total assets less current liabilities |
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Net assets |
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Capital and reserves |
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The director controls the company. During the year the company paid £276 (2016 : £208) to M Lancaster for use of home as office. During the year M Lancaster had a director's loan account with the company. The loan is interest free and there are no fixed terms of repayment. The balance outstanding at the balance sheet date was £8,737 (2016 : £10128.06 ) and the maximum balance outstanding during the year was £13,741. To the extent that any part of the loan remains outstanding by 31 March 2018 the company would be required to pay 32.5% tax, subsequently recoverable on the repayment of the loan. |
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During the year the company received a loan of £5,220 to be repaid over 12 months. The loan is at a fixed interest rate of 9% with monthly payments of £456.50. | |||||||
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M Lancaster | |||||||
Director | |||||||
Approved by the board on |