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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Director's report
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1
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Abridged statement of income and retained earnings
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2
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Abridged statement of financial position
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3
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Notes to the abridged financial statements
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4
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Detailed abridged income statement
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7
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Notes to the detailed abridged income statement
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8
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Director's Report
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Director
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Registered office:
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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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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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--------
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---------
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Loss before taxation
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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 losses at the start of the year
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(
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(
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---------
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Retained losses at the end of the year
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(
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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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Debtors
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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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Net current liabilities
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Total assets less current liabilities
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(
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(
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Net liabilities
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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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(
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Shareholders deficit
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(
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(
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Director
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Notes to the Abridged Financial Statements
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2017
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2016
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£
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£
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At 1st January 2017
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(806,243)
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(519,965)
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Deficit for the year
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(1,393)
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(286,278)
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---------
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At 31st December 2017
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(807,636)
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(806,243)
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2017 | 2016 | ||
£ | £ | ||
Amount due to related party at the balance sheet date | 832,250 | 862,598 | |
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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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Purchases - photography
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22,806
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56,470
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Purchases - floor plans and brochures
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3,666
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20,710
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Purchases - licence and technical fee
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2,309
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17,374
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--------
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28,781
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94,554
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Gross profit
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Administrative expenses
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18,796
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314,781
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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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1
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-------
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Loss before taxation
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(1,393)
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(286,278)
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-------
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Notes to the 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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Wages and salaries
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–
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50,098
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Employers national insurance contributions
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–
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5,982
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Rent
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–
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10,329
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Rates and water
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–
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1,110
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Light and heat
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(100)
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46
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Insurance
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79
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327
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Motor expenses
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–
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464
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Travel and subsistence
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–
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150
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Telephone
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8,889
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10,519
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Equipment repairs and renewals
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–
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387
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Printing postage and stationery
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429
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425
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General expenses (allowable)
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480
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2,530
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Advertising
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–
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112
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Legal and professional fees (allowable)
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–
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800
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Client set up fees
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23,716
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59,183
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Accountancy fees
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10,980
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12,366
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(Gain)/loss on disposal of tangible assets
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–
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2,818
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Bad debts written off
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17,359
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739
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Bank charges
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1,138
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1,325
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Foreign currency gains/losses
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(44,174)
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155,071
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18,796
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314,781
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Interest on cash and cash equivalents
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–
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1
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