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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Director's 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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Abridged statement of financial position
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4
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Notes to the abridged financial statements
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6
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Chartered accountant's report to the director 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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Director
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Registered office
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Accountants
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Chartered accountant
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11 Regent Place
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Rugby
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Warwickshire
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CV21 2PJ
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Bankers
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PO Box 1000
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BX4 7SB
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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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2016
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2015
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Note
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£
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£
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Gross loss
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(
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(
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Administrative expenses
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---------
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---------
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Operating loss
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(
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(
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Other interest receivable and similar income
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–
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Interest payable and similar expenses
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---------
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---------
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Loss before taxation
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5
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(
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(
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Tax on loss
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(
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(
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---------
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Loss for the financial year and total comprehensive income
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(
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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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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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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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Net current liabilities
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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 assets
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------------
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Abridged Statement of Financial Position (continued)
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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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Called up share capital
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Share premium account
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Revaluation reserve
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Profit and loss account
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Members funds
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------------
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Director
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Notes to the Abridged Financial Statements
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2016
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2015
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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 January 2016 and 31 December 2016
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Depreciation
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At 1 January 2016
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Charge for the year
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------------
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At 31 December 2016
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Carrying amount
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At 31 December 2016
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2,711,824
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At 31 December 2015
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2,715,561
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Management Information
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Chartered Accountant's Report to the Director on the Preparation of the Unaudited Statutory Abridged Financial Statements of
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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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Turnover
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Opening stock - work in progress
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–
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138,750
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Wages and salaries
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176,467
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371,823
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National insurance contributions
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15,271
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37,108
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Consultancy fees
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1,840
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11,282
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Air fares
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–
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12,023
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Travel and subsistence
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1,024
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8,036
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Project expenses
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–
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25,942
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Training costs
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–
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1,341
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---------
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194,602
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606,305
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Gross loss
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(
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(
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Administrative expenses
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123,368
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243,791
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Operating loss
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(
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(
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Other interest receivable and similar income
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–
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13
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Interest payable and similar expenses
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28,197
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74,150
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Loss before taxation
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(167,817)
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(388,869)
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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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Wages and salaries
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12,314
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39,083
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Redundancy Costs
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7,740
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44,220
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Employers national insurance contributions
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–
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3,594
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Staff pension contributions - defined contribution
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–
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2,500
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Rent, rates, water and service charges
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42,202
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80,236
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Light and heat
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227
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–
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Insurance
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909
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–
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Repairs and maintenance
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1,920
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–
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Motor, travel and subsistence
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2,092
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1,183
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Vehicle leasing charges
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7,004
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12,537
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Telephone
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3,151
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6,728
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Private healthcare
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783
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8,526
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Equipment repairs and renewals
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–
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4,286
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Printing postage and stationery
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170
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3,028
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Staff relocation expenses
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–
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1,206
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Security expenses
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–
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230
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Computer and software expenses
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1,646
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8,854
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Professional fees and subscriptions
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27,936
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39,455
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Marketing and advertising
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2,580
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2,418
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Bookkeeping and accountancy fees
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7,383
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25,000
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Depreciation of tangible assets
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3,737
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4,672
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Software development costs capitalised
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–
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(54,762)
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Bank charges
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1,574
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9,227
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Foreign currency gains/losses
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–
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1,570
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123,368
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243,791
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Interest on cash and cash equivalents
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–
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13
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----
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Interest on bank loans and overdrafts
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28,197
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74,150
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