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Financial Statements
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Contents
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Page
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Statement of financial position
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1
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Statement of changes in equity
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3
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Notes to the financial statements
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4
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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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Debtors
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7
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Cash at bank and in hand
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---------
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---------
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Creditors: amounts falling due within one year
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8
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---------
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---------
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Net current assets
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--------
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--------
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Total assets less current liabilities
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Taxation including deferred tax
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--------
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--------
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Net 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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--------
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Member funds
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--------
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--------
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Statement of Financial Position (continued)
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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 January 2015
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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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--------
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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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Dividends paid and payable
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5
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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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Total investments by and distributions to owners
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(
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(
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At 31 December 2015
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Profit for the year
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----
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--------
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--------
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Total comprehensive income for the year
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–
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Dividends paid and payable
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5
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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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Total investments by and distributions to owners
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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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At 31 December 2016
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----
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--------
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--------
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Notes to the Financial Statements
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Motor Vehicle
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-
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Equipment
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-
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33% straight line
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2016
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2015
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£
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£
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UK current tax expense
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Origination and reversal of timing differences
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--------
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--------
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Tax on profit
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--------
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--------
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2016
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2015
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£
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£
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Profit on ordinary activities before taxation
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--------
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---------
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Profit on ordinary activities by rate of tax
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Effect of capital allowances and depreciation
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(
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(
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--------
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Tax on profit
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7,508
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23,372
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--------
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2016
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2015
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£
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£
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Dividends on equity shares
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35,000
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50,000
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--------
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--------
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Motor vehicles
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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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Cost
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At 1 January 2016
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–
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2,710
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Additions
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–
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--------
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-------
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--------
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At 31 December 2016
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2,710
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--------
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-------
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--------
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Depreciation
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At 1 January 2016
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–
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894
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Charge for the year
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895
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--------
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-------
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--------
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At 31 December 2016
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1,789
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--------
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-------
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--------
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Carrying amount
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At 31 December 2016
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921
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--------
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-------
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--------
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At 31 December 2015
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–
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1,816
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--------
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-------
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--------
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2016
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2015
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£
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£
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Trade debtors
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--------
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--------
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2016
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2015
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£
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£
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Trade creditors
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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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---------
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---------
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---------
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2016
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2015
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£
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£
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Included in provisions
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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 director
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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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2015
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Balance brought forward
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Advances/ (credits) to the director
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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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