Statement of Consent to Prepare Abridged Financial Statements
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Abridged 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 abridged financial statements
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4
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Detailed abridged income statement
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7
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Notes to the detailed abridged income statement
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8
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Director's Report
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Director
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Registered office:
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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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–
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Administrative expenses
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--------
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--------
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Operating (loss)/profit
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(
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--------
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--------
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(Loss)/profit before taxation
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(
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Tax on (loss)/profit
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–
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–
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--------
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-------
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(Loss)/profit for the financial year and total comprehensive income
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(
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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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--------
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Retained losses at the end of the year
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(
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(
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--------
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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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£
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Debtors
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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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---------
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Net current liabilities
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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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Pensions and similar obligations
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299
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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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--------
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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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(
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--------
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Shareholders deficit
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(
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(
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Director
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Notes to the Abridged Financial Statements
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Profit and loss account
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£
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At 1 January 2017
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(41,093)
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Profit for the year
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(33,950)
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--------
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At 31 December 2017
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(75,043)
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31.12.17 | 31.12.16 | ||
£ | £ | ||
Amount due to related party at the balance sheet date | 152,203 | 69,873 | |
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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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Purchases
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68,774
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–
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Gross profit
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Distribution costs
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209
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–
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Administrative expenses
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37,247
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18,407
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--------
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--------
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37,456
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18,407
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--------
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Operating (loss)/profit
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(
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--------
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(Loss)/profit before taxation
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(33,950)
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1,249
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--------
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Notes to the 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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Freight and carriage
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209
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–
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----
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----
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Wages and salaries
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24,441
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1,612
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Employers national insurance contributions
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1,618
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–
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Staff pension contributions - other
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356
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–
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Rent
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3,246
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–
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Insurance
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964
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–
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Motor expenses
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71
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–
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Travel and subsistence
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4,554
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–
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Telephone
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297
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158
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Office expenses
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1,358
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–
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Printing postage and stationery
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1,349
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–
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Other staff related expenses
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147
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–
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Legal and professional fees (allowable)
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1,500
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–
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Accountancy fees
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5,727
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5,384
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Bank charges
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121
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–
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Foreign currency gains/losses
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(8,502)
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11,253
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37,247
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18,407
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