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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Officers and professional advisers
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1
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Directors' report
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2
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Chartered accountant's report to the board of directors on the preparation of the unaudited statutory abridged financial statements
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3
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Abridged statement of income and retained earnings
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4
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Abridged statement of financial position
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5
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Notes to the abridged financial statements
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7
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Detailed abridged income statement
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12
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Notes to the detailed abridged income statement
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13
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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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Accountants
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Chartered accountant
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Swallow House
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Parsons Road
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Washington
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Tyne & Wear
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NE37 1EZ
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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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Chartered Accountant's Report to the Board of Directors on the Preparation of the Unaudited Statutory Abridged Financial Statements of
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Abridged Statement of Income and Retained Earnings
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2016
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2015
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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 (Loss)/Profit
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(
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--------
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(Loss)/Profit Before Taxation
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5
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(
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Tax on (loss)/profit
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–
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--------
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-------
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(Loss)/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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-------
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Retained (Losses)/Earnings at the End of the Year
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(
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-------
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Abridged Statement of Financial Position
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2016
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2015
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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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–
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Stocks
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Debtors
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–
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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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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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---------
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Net (Liabilities)/Assets
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(
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---------
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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 (Deficit)/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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Notes to the Abridged Financial Statements
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Equipment
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-
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2016 | 2015 | |
£ | £ | |
Depreciation of tangible assets |
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– |
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£ | |
Cost | |
Additions |
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At 31 December 2016 |
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Depreciation | |
Charge for the year |
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At 31 December 2016 |
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Carrying amount | |
At 31 December 2016 | 7,300 |
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At 31 December 2015 | – |
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Management Information |
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Detailed Abridged Income Statement |
2016 | 2015 | |
£ | £ | |
Turnover |
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Opening stock | 12,000 | 3,500 |
Purchases | 52,068 | 34,187 |
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64,068 | 37,687 | |
Closing stock | 19,600 | 12,000 |
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Gross Profit
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Administrative expenses
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93,543
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10,628
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Operating (Loss)/Profit
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(
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(Loss)/Profit Before Taxation
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(67,008)
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7,985
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Notes to the Detailed Abridged Income Statement
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2016
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2015
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£
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£
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Directors salaries
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15,473
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–
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Wages and salaries
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9,976
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–
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Subcontractors
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1,792
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–
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Rent
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7,634
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–
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Rates and water
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1,541
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–
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Insurance
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532
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–
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Repairs and maintenance
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3,600
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526
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Motor, travel and subsidence
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2,852
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1,029
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Telephone
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1,144
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123
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Website costs
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3,232
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1,225
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Printing postage and stationery
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7,128
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244
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Sundry expenses
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1,509
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317
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Subscriptions
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2,544
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–
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Advertising
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17,132
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3,627
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Entertaining
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–
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94
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Legal and professional fees
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13,425
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1,943
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Accountancy fees
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2,195
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1,200
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Depreciation of tangible assets
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1,288
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–
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Bank charges
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546
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300
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93,543
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10,628
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44,468 | 25,687 | |
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