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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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5
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Chartered certified accountants report to the director on the preparation of the unaudited statutory financial statements
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10
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Detailed income statement
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11
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Notes to the detailed income statement
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12
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Director's Report
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Director
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Registered office:
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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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Turnover
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Cost of sales
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Gross profit
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Administrative expenses
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Operating profit
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Other interest receivable and similar income
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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 year and total comprehensive income
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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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Retained earnings at the end of the year
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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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Tangible assets
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6
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Stocks
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Debtors
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7
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Cash at bank and in hand
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Creditors: amounts falling due within one year
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8
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Net current assets
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Total assets less current liabilities
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Taxation including deferred tax
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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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Member funds
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Statement of Financial Position (continued)
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Director
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Notes to the Financial Statements
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Equipment
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-
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Equipment
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-
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Office Equipment
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-
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2017
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2016
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£
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£
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Depreciation of tangible assets
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----
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----
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Plant and machinery
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Fixtures and fittings
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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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£
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Cost
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At 1 January 2017 and 31 December 2017
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Depreciation
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At 1 January 2017
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Charge for the year
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----
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-------
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At 31 December 2017
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----
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Carrying amount
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At 31 December 2017
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----
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-------
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At 31 December 2016
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----
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2017
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2016
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£
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£
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Other debtors
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----
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----
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2017
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2016
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£
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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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Management Information
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Chartered Certified Accountants Report to the Director on the Preparation of the Unaudited Statutory Financial Statements of
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Detailed 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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2,281
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2,049
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Wages and salaries
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5,922
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6,074
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-------
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-------
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8,203
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8,123
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--------
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Gross profit
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Administrative expenses
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18,193
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18,423
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--------
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Operating profit
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Other interest receivable and similar income
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2
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10
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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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2017
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2016
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£
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£
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Directors salaries
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11,375
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11,104
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Directors national insurance contributions
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443
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19
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Directors pension contributions
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55
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13
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Rent
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1,620
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1,620
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Rates and water
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214
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154
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Light and heat
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763
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738
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Insurance
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231
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225
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Repairs and maintenance
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155
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1,049
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Travel and subsistence
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350
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350
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Telephone
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660
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505
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Printing postage and stationery
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15
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15
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Sundry expenses
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416
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412
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Accountancy fees
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1,443
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1,643
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Depn of equipment
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209
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160
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(Gain)/loss on disposal of tangible assets
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–
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168
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Bank charges
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244
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248
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--------
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18,193
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18,423
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Interest on cash and cash equivalents
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2
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10
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