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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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10
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Notes to the detailed income statement
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11
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Director's Report
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Director
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Registered office:
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England
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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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Distribution costs
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Administrative expenses
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Operating profit
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Other interest receivable and similar income
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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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--------
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Profit for the financial year and total comprehensive income
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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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6
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Tangible assets
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7
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Stocks
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8
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Debtors
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9
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–
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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 liabilities
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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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Net assets
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Called up share capital
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Profit and loss account
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Members funds
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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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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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Goodwill
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£
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Cost
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At 1 Aug 2016 and 31 Jul 2017
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Amortisation
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At 1 Aug 2016 and 31 Jul 2017
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–
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Carrying amount
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At 31 July 2017
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Fixtures and fittings
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£
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Cost
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At 1 August 2016
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Additions
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At 31 July 2017
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Depreciation
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Charge for the year
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--------
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At 31 July 2017
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Carrying amount
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At 31 July 2017
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At 31 July 2016
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2017
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2016
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£
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£
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Raw materials and consumables
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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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Amounts owed by group undertakings and undertakings in which the company has a participating interest
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–
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Other debtors
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–
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-------
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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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Corporation tax
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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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Bank loans and overdrafts
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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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Opening stock - raw materials
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5,000
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5,000
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Purchases
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118,638
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136,663
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Depreciation of tangible assets
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5,153
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2,981
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128,791
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144,644
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Closing stock - resale
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5,000
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5,000
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123,791
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139,644
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Gross profit
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Distribution costs
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6,411
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7,982
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Administrative expenses
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213,966
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208,680
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---------
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220,377
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216,662
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Operating profit
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Other interest receivable and similar income
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3
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5
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Interest payable and similar expenses
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9,499
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9,778
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--------
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Profit before taxation
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52,633
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64,499
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Notes to the 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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Directors salaries
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6,411
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7,982
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-------
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Wages and salaries
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166,802
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165,110
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Rates and water
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720
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776
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Light and heat
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3,187
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3,032
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Insurance
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8,119
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7,940
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Repairs and maintenance (allowable) - type 2
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2,002
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1,977
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Travel and subsistence
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–
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488
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Hire costs (non-operating leases) - type 2
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763
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1,168
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Telephone
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2,419
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2,202
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Office expenses
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2,456
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1,427
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Equipment repairs and renewals
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7,070
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8,062
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Printing postage and stationery
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959
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2,239
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Staff training
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895
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2,019
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Sundry expenses
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3,338
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3,619
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Charitable donations (allowable)
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120
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210
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Advertising
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2,259
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453
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Entertaining
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2,337
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839
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Other professional fees
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3,492
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3,274
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Accountancy fees
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1,200
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1,200
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Operating lease payments - equipment
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3,485
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595
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Bank charges
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2,343
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2,050
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---------
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213,966
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208,680
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---------
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Interest on cash and cash equivalents
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3
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5
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----
|
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Interest on bank loans and overdrafts
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9,499
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9,778
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|
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