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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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Statement of income and retained earnings
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2
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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 income statement
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9
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Notes to the detailed income statement
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10
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Director's Report
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Director
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Registered office:
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England
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Statement of Income and Retained Earnings
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Period from
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24 Oct 15 to
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31 Mar 17
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Note
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£
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Turnover
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Cost of sales
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--------
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Gross profit
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Administrative expenses
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--------
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Operating profit
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--------
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Profit before taxation
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5
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Tax on profit
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--------
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Profit for the financial period and total comprehensive income
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--------
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Dividends paid and payable
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(
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Retained earnings at the start of the period
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–
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Retained earnings at the end of the period
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Statement of Financial Position
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31 Mar 17
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Note
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£
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Tangible assets
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6
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Stocks
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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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7
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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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Called up share capital
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Profit and loss account
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--------
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Members funds
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--------
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Director
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Notes to the Financial Statements
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Motor vehicles
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-
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Equipment
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-
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Period from
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24 Oct 15 to
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31 Mar 17
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£
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Depreciation of tangible assets
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-------
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Motor vehicles
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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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Additions
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-------
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At 31 March 2017
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-------
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Depreciation
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Charge for the period
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-------
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--------
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At 31 March 2017
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-------
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Carrying amount
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At 31 March 2017
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31 Mar 17
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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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Management Information
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Detailed Income Statement
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Period from
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24 Oct 15 to
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31 Mar 17
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£
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Sales
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72,692
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Opening stock -
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3,300
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Purchases
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10,842
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14,142
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Closing stock
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2,500
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11,642
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Gross profit
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Administrative expenses
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28,505
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Operating profit
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--------
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Profit before taxation
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--------
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Notes to the Detailed Income Statement
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Period from
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24 Oct 15 to
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31 Mar 17
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£
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Directors salaries
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7,000
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Administrative staff salaries
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7,000
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Use of Office
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220
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Insurance
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464
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Repairs and maintenance (allowable)
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1,336
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Travel and subsistence
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5,241
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Telephone
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1,174
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Printing postage and stationery
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409
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Sundry expenses
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13
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Protective Clothing
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656
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Subscriptions
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200
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Accountancy fees
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1,100
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Depreciation of tangible assets
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3,646
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Bank charges
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46
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28,505
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