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 profit
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Interest payable and similar expenses
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5
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--------
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Profit before taxation
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Tax on profit
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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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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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–
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-------
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----
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Creditors: amounts falling due within one year
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Net current liabilities
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---------
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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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---------
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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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Interest on banks loans and overdrafts
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–
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Other interest payable and similar charges
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-------
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-------
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-------
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Profit and loss account
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£
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At 1 January 2017
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(313,732)
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Profit for the year
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22,693
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At 31 December 2017
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(291,039)
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2017 | 2016 | ||
£ | £ | ||
Amounts due to related party at the balance sheet date | 293,626 | 295,129 | |
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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
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–
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(2,776)
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--------
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Gross profit
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Administrative expenses
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6,045
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7,880
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Operating profit
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Interest payable and similar expenses
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(8,311)
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(8,889)
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Profit before taxation
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22,693
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52,422
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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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Employers national insurance contributions
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–
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57
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Rent
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920
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1,250
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Telephone
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144
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132
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General expenses (allowable)
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705
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1,145
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Legal and professional fees (allowable)
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800
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900
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Accountancy fees
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2,825
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3,607
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Bank charges
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651
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789
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6,045
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7,880
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Interest on bank loans and overdrafts
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–
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79
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Interest on amounts owed to group undertakings
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8,311
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8,810
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8,311
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8,889
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