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Statement of Financial Position | 1—2 |
Notes to the Financial Statements | 3—6 |
Period to 30 June 2018 | Period to 31 May 2017 | ||||
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Notes | £ | £ | £ | £ | |
FIXED ASSETS | |||||
Tangible Assets | 3 |
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CURRENT ASSETS | |||||
Debtors | 4 |
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Cash at bank and in hand |
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Creditors: Amounts Falling Due Within One Year | 5 |
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NET CURRENT ASSETS (LIABILITIES) |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
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NET ASSETS |
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CAPITAL AND RESERVES | |||||
Called up share capital | 6 |
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Income Statement |
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SHAREHOLDERS' FUNDS | 269,872 | 27,588 | |||
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Computer Equipment |
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Period to 30 June 2018 | Period to 31 May 2017 | ||
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Office and administration |
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Computer Equipment | |
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Cost | |
As at |
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Additions |
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As at |
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Depreciation | |
As at |
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Provided during the period |
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As at |
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Net Book Value | |
As at |
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As at |
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Period to 30 June 2018 | Period to 31 May 2017 | ||
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£ | £ | ||
Due within one year | |||
Trade debtors |
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Period to 30 June 2018 | Period to 31 May 2017 | ||
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£ | £ | ||
Trade creditors |
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Corporation tax |
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VAT |
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Other creditors |
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Accruals and deferred income |
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Director's loan account |
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Amounts owed to group undertakings |
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As at |
Amounts advanced | Amounts repaid | Amounts written off | As at |
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£ | £ | £ | £ | £ | |
Mrs Ruth Grassie |
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Period to 30 June 2018 | Period to 31 May 2017 | ||
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£ | £ | ||
On equity shares: | |||
Final dividend paid |
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65,000 | 29,440 | ||
Ronski Ltd
Ronski Ltd is also controlled by Earthturner Holdings Ltd.
During the year there were a number of transactions between the companies. At the year end, the company owed a total of £127,048 to Ronski Ltd. This is an interest free loan. Ronski Ltd has agreed not to seek repayment of this amount until the company has sufficient funds to do so
Earthturner Holdings Ltd
Earthturner Holdings Ltd controls the company.
At year end the company paid Earthturner Holdings Ltd a dividend of £65,000. At the year end, the company owed £1 to Earthturner Holdings Ltd. This loan is interest free and payable on demand.