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Balance Sheet | 1—2 |
Statement of Changes in Equity | 3 |
Notes to the Financial Statements | 4—8 |
2016 | 2015 | ||||
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Notes | £ | £ | £ | £ | |
FIXED ASSETS | |||||
Tangible Assets | 5 |
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CURRENT ASSETS | |||||
Stocks | 6 |
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Debtors | 7 |
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Cash at bank and in hand |
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Creditors: Amounts Falling Due Within One Year | 8 |
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NET CURRENT ASSETS (LIABILITIES) |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
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NET ASSETS |
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CAPITAL AND RESERVES | |||||
Called up share capital | 9 |
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Profit and loss account |
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SHAREHOLDERS' FUNDS | 1,671,487 | 1,680,311 | |||
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Share Capital | Profit & Loss Account | Total | |
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£ | £ | £ | |
As at 1 January 2015 |
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1,587,616 |
Profit for the year and total comprehensive income | - |
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92,695 |
As at 31 December 2015 and 1 January 2016 |
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1,680,311 |
Loss for the year and total comprehensive income | - |
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(8,824) |
As at |
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1,671,487 |
Leasehold |
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Plant & Machinery |
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Motor Vehicles |
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Fixtures & Fittings |
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2016 | 2015 | ||
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£ | £ | ||
Wages and salaries |
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Social security costs |
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Other pension costs |
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2016 | 2015 | ||
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Office and administration |
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Land & Property | |||||
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Leasehold | Plant & Machinery | Motor Vehicles | Fixtures & Fittings | Total | |
£ | £ | £ | £ | £ | |
Cost | |||||
As at |
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Additions |
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Disposals |
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As at |
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Depreciation | |||||
As at |
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Provided during the period |
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Disposals |
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As at |
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Net Book Value | |||||
As at |
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As at |
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2016 | 2015 | ||
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£ | £ | ||
Stock - finished goods |
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2016 | 2015 | ||
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£ | £ | ||
Due within one year | |||
Trade debtors |
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Prepayments and accrued income |
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Other debtors |
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2016 | 2015 | ||
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£ | £ | ||
Trade creditors |
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Other taxes and social security |
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VAT |
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Net wages | 2,027 | - | |
Other creditors |
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Accruals and deferred income |
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Amounts owed to related parties |
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2016 | 2015 | ||
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£ | £ | ||
The company had contingent liabilities in respect of a cross guarantee and debenture with its bankers and Shasonic Galleria limited dated 10 December 2004, charging all the assets and undertakings of the company whatsoever and wheresoever both present and future. At the balance sheet date there were no amounts due to the bankers by either company.
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Land and buildings | ||
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2016 | 2015 | |
£ | £ | |
Leases due to expire | ||
Between 1 and 5 years | 72,840 | - |
After 5 years | - | 72,840 |
72,840 | 72,840 | |
Hi-Fi Care Limited
Companies under common control.
Creditor balance.
Shasonic Galleria Limited
Companies under common control.
Supply of goods for sale.