Statement of Consent to Prepare Financial Statements
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Trading As Princess and the Bow
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Financial Statements
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Contents
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Page
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Director's 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 financial statements
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4
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Detailed abridged income statement
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8
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Trading As Princess and the Bow
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Director's Report
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Director
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Registered office:
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Trading As Princess and the Bow
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Abridged Statement of Income and Retained Earnings
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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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Gross profit
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Distribution costs
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Administrative expenses
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-------
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--------
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Operating profit
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-------
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--------
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Profit before taxation
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Tax on profit
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-------
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-------
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Profit for the financial year and total comprehensive income
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-------
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-------
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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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–
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Retained earnings at the end of the year
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Trading As Princess and the Bow
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Abridged Statement of Financial Position
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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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Stocks
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Debtors
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–
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Cash at bank and in hand
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--------
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-------
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Creditors: amounts falling due within one year
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--------
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Net current assets
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-------
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Total assets less current liabilities
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-------
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Net assets
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-------
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-------
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Called up share capital
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Profit and loss account
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-------
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Member funds
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Director
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Trading As Princess and the Bow
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Notes to the Financial Statements
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Transaction value
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Balance owed by/(owed to)
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2017
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2016
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2017
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2016
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£
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£
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£
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£
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(
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-------
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-------
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----
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----
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Trading As Princess and the Bow
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Management Information
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Detailed Abridged Income Statement
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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 - resale
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7,894
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–
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Purchases of inventory
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6,636
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14,908
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Import Duties paid on Inventory
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49
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–
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Wages and salaries
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–
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300
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--------
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14,579
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15,208
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Closing stock - resale
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10,265
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7,894
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--------
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4,314
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7,314
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--------
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Other operating income
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1
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2
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-------
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Gross profit
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Freight and carriage
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1,078
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1,037
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Repairs and maintenance
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46
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128
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Travel and subsistence
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–
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45
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Printing postage and stationery
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18
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154
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Subscriptions
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30
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121
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Software subscriptions
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146
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13
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Bank charges
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686
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1,468
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Accountancy fees
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1,000
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–
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-------
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1,926
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1,929
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3,004
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2,966
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Operating profit
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-------
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Profit before taxation
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4,937
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9,694
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-------
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