STATEMENT OF CONSENT TO PREPARE ABRIDGED FINANCIAL STATEMENTS
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FOR THE YEAR ENDED
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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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Chartered certified accountants report to the director 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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11
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OFFICERS AND PROFESSIONAL ADVISERS
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DIRECTOR
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COMPANY SECRETARY
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REGISTERED OFFICE
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ACCOUNTANTS
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Chartered Certified Accountants
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475 Salisbury House
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London Wall
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London
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EC2M 5QQ
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BANKERS
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78 Turners Hill
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Cheshunt
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Hertfordshire
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EN8 9BW
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DIRECTOR'S REPORT
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Director
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Registered office:
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CHARTERED CERTIFIED ACCOUNTANTS REPORT TO THE DIRECTOR 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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2017
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2016
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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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--------
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---------
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OPERATING PROFIT
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--------
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---------
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PROFIT BEFORE TAXATION
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5
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Tax on profit
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(
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(
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--------
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--------
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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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RETAINED 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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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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Debtors
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Cash at bank and in hand
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--------
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CREDITORS: amounts falling due within one year
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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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--------
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NET ASSETS
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--------
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--------
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ABRIDGED STATEMENT OF FINANCIAL POSITION (continued)
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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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Called up share capital
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Profit and loss account
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--------
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SHAREHOLDER FUNDS
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--------
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Director
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NOTES TO THE ABRIDGED FINANCIAL STATEMENTS
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Leasehold Improvements
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-
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Over 10 years
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Plant and machinery
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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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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 1st March 2016 and 28th February 2017
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Depreciation
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At 1st March 2016
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Charge for the year
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--------
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At 28th February 2017
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--------
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Carrying amount
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At 28th February 2017
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2,758
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At 29th February 2016
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4,448
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MANAGEMENT INFORMATION
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DETAILED ABRIDGED 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 and Work In Progress
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–
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4,521
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Purchases
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16,636
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–
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--------
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16,636
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4,521
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Operating lease rental income (non-contingent)
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10,000
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10,000
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GROSS PROFIT
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Rent
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9,000
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9,000
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Insurance
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1,567
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1,449
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Repairs and maintenance
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10,554
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–
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Travel and subsistence
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–
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424
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Telephone
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383
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634
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Printing postage and stationery
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90
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103
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Charitable donations
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253
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–
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Subscriptions
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34
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410
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Bank charges
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327
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128
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Legal and professional fees
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13
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113
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Accountancy and book-keeping
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2,150
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1,800
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Directors salaries
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13,680
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10,160
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Directors employer's national insurance
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420
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405
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Directors pension contributions
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2,750
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1,750
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Depreciation of tangible assets
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1,690
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1,788
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--------
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42,911
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28,164
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OPERATING PROFIT
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PROFIT BEFORE TAXATION
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35,593
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84,720
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