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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Directors' report
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1
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Abridged statement of comprehensive income
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2
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Abridged statement of financial position
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3
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Statement of changes in equity
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5
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Notes to the abridged financial statements
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6
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Detailed abridged income statement
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11
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Notes to the detailed abridged income statement
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12
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Directors' Report
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Director
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Director
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Company Secretary
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Registered office:
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Abridged Statement of Comprehensive Income
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2017
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Note
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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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Operating profit
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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 year and total comprehensive income
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Abridged Statement of Financial Position
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2017
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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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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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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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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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Abridged Statement of Financial Position (continued)
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Director
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Director
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Statement of Changes in Equity
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Called up share capital
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Profit and loss account
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Total
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£
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£
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£
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At 1 April 2016
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–
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–
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–
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Profit for the year
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----
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Total comprehensive income for the year
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–
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Issue of shares
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–
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----
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Total investments by and distributions to owners
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–
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----
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At 31 March 2017
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----
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Notes to the Abridged Financial Statements
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-
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-
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2017
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£
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Depreciation of tangible assets
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-------
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£
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Cost
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Additions
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At 31 March 2017
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Depreciation
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Charge for the year
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--------
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At 31 March 2017
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Carrying amount
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At 31 March 2017
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26,713
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Management Information
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Detailed Abridged Income Statement
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2017
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£
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Turnover
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Purchases
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298,371
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Closing stock - resale
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45,170
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253,201
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Gross profit
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Distribution costs
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7,039
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Administrative expenses
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167,451
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174,490
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Operating profit
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Profit before taxation
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36,880
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Notes to the Detailed Abridged Income Statement
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2017
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£
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Freight and carriage - type 2
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7,039
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-------
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Wages and salaries - type 2
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109,311
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Rent
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16,462
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Light and heat
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225
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Insurance
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4,833
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Repairs and maintenance (allowable)
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10,901
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Motor expenses
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5,822
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Telephone
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1,211
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Office expenses
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2,549
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Staff training
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1,200
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Advertising
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2,436
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Accountancy fees
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3,430
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Depreciation of tangible assets
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8,904
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Bank charges
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167
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167,451
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