Statement of Consent to Prepare Abridged Financial Statements
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For the year ended
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Abridged Financial Statements
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Contents
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Page
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Officers and professional advisers
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1
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Directors' report
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2
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Abridged statement of income and retained earnings
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3
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Abridged statement of financial position
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4
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Notes to the abridged financial statements
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5
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Report to the board of directors on the preparation of the unaudited statutory abridged financial statements
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10
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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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Officers and Professional Advisers
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The board of directors
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Registered office
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Accountant
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Box 12 Barlavington Stud
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Barlavington
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Petworth
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West Sussex
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GU28 0LG
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Directors' Report
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Director
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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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Administrative expenses
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---------
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---------
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Operating profit
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Interest payable and similar expenses
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–
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---------
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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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--------
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Profit for the financial year and total comprehensive income
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---------
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--------
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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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---------
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Retained earnings at the end of the year
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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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Tangible assets
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6
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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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Net assets
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Called up share capital
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Revaluation reserve
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Profit and loss account
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---------
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Shareholders funds
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---------
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Director
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Director
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Notes to the Abridged Financial Statements
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Depreciation
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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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£
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Cost
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At 1 April 2016
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Additions
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---------
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At 31 March 2017
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Depreciation
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At 1 April 2016
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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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248,637
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At 31 March 2016
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250,442
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2017
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Balance brought forward
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Advances/ (credits) to the directors
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Amounts repaid
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Balance outstanding
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£
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£
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£
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£
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–
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–
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–
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–
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----
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--------
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----
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--------
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–
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–
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----
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2016
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Balance brought forward
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Advances/ (credits) to the directors
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Amounts repaid
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Balance outstanding
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£
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£
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£
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£
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–
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(
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–
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–
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–
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–
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–
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--------
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----
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--------
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----
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–
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(
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–
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--------
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----
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----
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Management Information
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Report to the Board of Directors on the Preparation of the Unaudited Statutory Abridged Financial Statements of
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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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UK Cost of Sales
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246,015
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298,206
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Ireland Cost of Sales
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30,928
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143,753
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Transcription Expenses
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–
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135
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---------
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276,943
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442,094
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Gross profit
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Administrative expenses
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154,346
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153,908
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Operating profit
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Interest payable and similar expenses
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–
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(160)
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Profit before taxation
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133,215
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82,067
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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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Directors salaries
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22,000
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21,200
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Wages and salaries
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93,169
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91,951
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Other employment Costs
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1,910
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2,071
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Employers national insurance contributions
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7,425
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8,248
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Staff pension contributions - defined contribution
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4,458
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4,458
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Insurance
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1,882
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2,039
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Repairs and maintenance (allowable)
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2,250
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–
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Engineering Expenses
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–
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23
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Travel and subsistence
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1,024
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1,823
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Telephone
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16,284
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16,073
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Office expenses
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863
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2,303
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Sundry expenses
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464
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308
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Subscriptions
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216
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516
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Advertising
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404
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179
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Entertaining
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1,076
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1,306
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Accountancy fees
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900
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900
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Depreciation of tangible assets
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3,427
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1,583
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Bad debts written off
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–
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4,274
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Bank charges
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1,867
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1,832
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Foreign currency gains/losses
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(5,273)
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(7,179)
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154,346
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153,908
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Other Interest and Charges
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–
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160
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