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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 comprehensive income
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2
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Statement of financial position
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3
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Statement of changes in equity
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4
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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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Statement of Comprehensive Income
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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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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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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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Tangible assets
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6
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Stocks
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7
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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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8
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Net current liabilities
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Total assets less current liabilities
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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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Director
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Statement of Changes in Equity
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Called up share capital
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Profit and loss account
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Total
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£
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£
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£
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At 1 April 2015
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–
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–
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–
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Profit for the year
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----
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Total comprehensive income for the year
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–
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Issue of shares
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–
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Total investments by and distributions to owners
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–
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At 31 March 2016
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Profit for the year
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----
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Total comprehensive income for the year
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–
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----
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At 31 March 2017
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----
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Notes to the Financial Statements
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Fixtures and Fittings
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-
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Motor vehicles
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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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Depreciation of tangible assets
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--------
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Fixtures and fittings
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Motor vehicles
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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 April 2016
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Additions
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–
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--------
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At 31 March 2017
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Depreciation
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At 1 April 2016
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Charge for the year
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At 31 March 2017
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Carrying amount
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At 31 March 2017
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------------
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At 31 March 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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Finished goods and goods for resale
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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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Trade creditors
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Corporation tax
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–
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Social security and other taxes
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Other creditors
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2017
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Balance brought forward
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Advances/ (credits) to the director
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Amounts repaid
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Balance outstanding
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£
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£
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£
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£
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(
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2016
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Balance brought forward
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Advances/ (credits) to the director
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Amounts repaid
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Balance outstanding
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£
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£
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£
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£
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–
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–
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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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Opening stock
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14,138
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–
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Purchases
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986,275
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528,957
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Wages and salaries
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984,766
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154,961
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1,985,179
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683,918
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Closing stock
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60,442
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–
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Closing stock - resale - type 5
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–
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14,138
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------------
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1,924,737
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669,780
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Gross profit
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Administrative expenses
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1,206,182
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372,030
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------------
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Operating profit
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Profit before taxation
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185,800
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201,714
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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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6,000
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6,000
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Rent
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500,000
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–
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Rent rates and water
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–
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100,816
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Rates and water
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58,169
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–
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Light and heat
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116,427
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60,759
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Insurance
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23,062
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21,256
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Repairs and maintenance (allowable)
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47,159
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41,164
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Travel and subsistence
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21,429
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12,718
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Telephone
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13,511
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4,002
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Printing postage and stationery
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9,764
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4,348
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Laundry and cleaning
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31,447
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19,762
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Advertising
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64,116
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7,233
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Accountancy fees
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9,760
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6,278
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Depreciation of tangible assets
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277,922
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79,902
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Bank charges
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27,416
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7,792
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------------
|
---------
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1,206,182
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372,030
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------------
|
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