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Financial Statements
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Contents
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Page
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Director's report
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1
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Statement of income and retained earnings
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2
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Statement of financial position
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3
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Notes to the financial statements
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5
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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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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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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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6
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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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Intangible assets
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7
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Tangible assets
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8
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Debtors
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9
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Cash at bank and in hand
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Creditors: amounts falling due within one year
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10
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Net current assets/(liabilities)
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(
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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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11
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–
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Taxation including deferred tax
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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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-------
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Shareholders 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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Notes to the Financial Statements
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Goodwill
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-
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Motor vehciles
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-
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Equipment
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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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Amortisation of intangible assets
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Depreciation of tangible assets
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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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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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Goodwill
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£
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Cost
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At 1 September 2016 and 31 August 2017
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Amortisation
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At 1 September 2016
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Charge for the year
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At 31 August 2017
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Carrying amount
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At 31 August 2017
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At 31 August 2016
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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 September 2016
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Additions
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–
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At 31 August 2017
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Depreciation
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At 1 September 2016
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Charge for the year
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--------
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At 31 August 2017
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Carrying amount
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At 31 August 2017
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--------
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At 31 August 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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Other debtors
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---------
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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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Bank loans and overdrafts
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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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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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----
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2017
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2016
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£
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£
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Not later than 1 year
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Later than 1 year and not later than 5 years
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–
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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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Included in provisions
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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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Purchases
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42,610
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27,003
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Wages and salaries
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561,664
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426,379
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Social security costs
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29,109
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27,202
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Subcontractor costs
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43,625
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54,269
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677,008
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534,853
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Gross profit
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Rates
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311
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670
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Rent
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4,494
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4,713
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Light and heat
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–
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1,206
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Insurance
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5,774
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4,702
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Repairs & renewals
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2,422
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2,840
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Office wages
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26,928
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17,397
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Employers national insurance contributions
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1,469
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–
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Employers pension contributions
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3,626
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4,047
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Motor expenses
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24,953
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19,059
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Travel and subsistence
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499
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2
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Equipment rental
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3,341
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1,767
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Telephone
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5,331
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4,782
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Subscriptions
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1,884
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1,999
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Stationery & office supplies
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4,548
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3,952
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Staff training & recruitment
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1,019
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3,159
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Workwear
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4,441
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3,240
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Sundry expenses
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866
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671
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Entertaining
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–
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395
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Bank charges
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518
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486
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Professional fees
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6,780
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3,410
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Accountancy
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1,644
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2,240
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Directors remuneration
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8,104
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8,064
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Goodwill purchased written off
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3,169
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3,169
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Depreciation of equipment
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11,989
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6,323
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---------
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--------
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124,110
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98,293
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--------
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Operating profit
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Interest payable and similar expenses
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(1,406)
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(1,604)
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--------
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Profit before taxation
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--------
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Notes to the Detailed Income Statement
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2017
|
2016
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£
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£
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Interest on overdue tax
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178
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–
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Hire purchase interest
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-------
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1,406
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1,604
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