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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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Statement of income and retained earnings
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3
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Statement of financial position
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4
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Notes to the financial statements
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6
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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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Officers and Professional Advisers
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The board of directors
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Company secretary
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Registered office
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Accountants
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Incorporated Financial Accountant
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The John Laird Centre
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Park Road North
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Birkenhead
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CH41 4EZ
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Directors' Report
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Director
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Director
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Company Secretary
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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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Interest payable and similar expenses
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Profit before taxation
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5
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Tax on profit
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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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Prepayments and accrued income
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–
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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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Creditors: amounts falling due after more than one year
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9
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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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Members funds
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Statement of Financial Position (continued)
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Director
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Director
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Notes to the Financial Statements
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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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Land and buildings
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Plant and machinery
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Fixtures and fittings
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Motor vehicles
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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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£
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Cost
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At 1 May 2016
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Additions
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–
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–
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At 30 April 2017
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Depreciation
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At 1 May 2016
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–
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Charge for the year
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–
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--------
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At 30 April 2017
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–
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Carrying amount
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At 30 April 2017
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--------
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At 30 April 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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Trade debtors
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2017
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2016
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£
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£
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Bank loans and overdrafts
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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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2017
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2016
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£
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£
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Other creditors
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--------
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Management Information
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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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Opening stock - raw materials
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4,265
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4,855
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Purchases
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222,264
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279,654
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Wages and salaries
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155,743
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164,243
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382,272
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448,752
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Closing stock - resale
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5,100
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4,265
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377,172
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444,487
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Gross profit
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Administrative expenses
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96,125
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99,380
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Operating profit
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Interest payable and similar expenses
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(2,239)
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(1,718)
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Profit before taxation
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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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21,928
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20,112
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Rent
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14,000
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14,000
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Rates and water
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1,874
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1,985
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Light and heat
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2,067
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1,605
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Insurance
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1,135
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1,959
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Repairs and maintenance (allowable)
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2,533
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3,015
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Staff Training
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574
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181
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Waste Disposal
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583
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–
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Motor expenses
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24,737
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24,021
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Travel and subsistence
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5,580
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9,508
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Telephone
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2,825
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2,750
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Printing postage and stationery
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574
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810
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Sundry expenses
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479
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468
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Laundry and cleaning
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785
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809
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Advertising
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1,641
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3,140
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Legal and professional fees (allowable)
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652
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269
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Accountancy fees
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2,604
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2,199
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Depreciation of tangible assets
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11,179
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11,638
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Bank charges
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375
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911
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--------
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96,125
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99,380
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Interest on bank loans and overdrafts
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694
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696
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Interest on hire purchase and finance lease contracts
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2,239
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1,718
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