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Balance Sheet | 1—2 |
Statement of Changes in Equity | 3 |
Notes to the Financial Statements | 4—6 |
2018 | 2017 | ||||
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Notes | £ | £ | £ | £ | |
FIXED ASSETS | |||||
Tangible Assets | 7 |
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CURRENT ASSETS | |||||
Debtors | 8 |
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Cash at bank and in hand |
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Creditors: Amounts Falling Due Within One Year | 9 |
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NET CURRENT ASSETS (LIABILITIES) |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
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Creditors: Amounts Falling Due After More Than One Year | 10 |
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NET ASSETS |
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CAPITAL AND RESERVES | |||||
Called up share capital | 11 |
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Share premium account |
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Profit and loss account |
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SHAREHOLDERS' FUNDS | 497,373 | (199,868) | |||
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Share Capital | Share Premium | Profit & Loss Account | Total | |
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£ | £ | £ | £ | |
As at 1 June 2016 |
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89,013 |
Loss for the year and total comprehensive income | - | - |
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(288,882) |
Share capital reduction |
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1 |
As at 31 May 2017 and 1 June 2017 |
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(199,868) |
Loss for the year and total comprehensive income | - | - |
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(706,589) |
Arising on shares issued during the period |
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1,403,734 | - | 1,403,830 |
As at |
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497,373 |
Website Development |
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Computer Equipment |
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Office Equipment |
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2018 | 2017 | ||
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Sales, marketing and distribution |
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Website Development | Computer Equipment | Office Equipment | Total | |
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£ | £ | £ | £ | |
Cost | ||||
As at |
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Additions |
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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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As at |
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Net Book Value | ||||
As at |
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As at |
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2018 | 2017 | ||
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£ | £ | ||
Due within one year | |||
Trade debtors |
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Prepayments and accrued income |
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VAT recoverable |
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Called up share capital not paid (Debtors < 1 year) |
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Corporation tax recoverable assets |
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2018 | 2017 | ||
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£ | £ | ||
Trade creditors |
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Other taxes and social security |
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Employer Pensions Contributions Payable |
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Other creditors (ASA funds received) |
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Paypal |
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Lease liability < 1 year |
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Accruals and deferred income |
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2018 | 2017 | ||
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£ | £ | ||
Lease liability > 1 year |
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Directors loan account |
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Alex Narracott
Director
Included within creditors at the end of the year is a balance of £2,000 (2017: £2,000) owed to Alex Narracott. The loan is unsecured, interest free and repayable on demand.