DAVID BRYSON AND SONS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2017
Company Registration No. SC017604 (Scotland)
PAGES FOR FILING WITH REGISTRAR
DAVID BRYSON AND SONS LIMITED
COMPANY INFORMATION
Directors
Mr Peter Bryson
Mr Walter Bryson
Mr Thomas Davidson
Mrs Pauline Bradford
Secretary
Mr Walter Bryson
Company number
SC017604
Registered office
1 Monkton Road
Prestwick
Ayrshire
KA9 1AS
Accountants
William Duncan + Co
30 Miller Road
Ayr
Ayrshire
KA7 2AY
Business address
1 Monkton Road
Prestwick
Ayrshire
KA9 1AS
Bankers
The Royal Bank of Scotland plc
41 Main Street
Prestwick
Ayrshire
KA9 1AE
Solicitors
R N Martin & Co Ltd
2 Wellington Square
Ayr
Ayrshire
KA7 1EN
DAVID BRYSON AND SONS LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 14
DAVID BRYSON AND SONS LIMITED
BALANCE SHEET
AS AT
31 JANUARY 2017
31 January 2017
- 1 -
2017
2016
Notes
£
£
£
£
Fixed assets
Tangible assets
3
1,481,626
1,503,513
Investment properties
4
71,438
71,438
1,553,064
1,574,951
Current assets
Stocks
549,823
466,764
Debtors
5
105,298
94,007
Cash at bank and in hand
5,177
5,371
660,298
566,142
Creditors: amounts falling due within one year
6
(495,738)
(403,336)
Net current assets
164,560
162,806
Total assets less current liabilities
1,717,624
1,737,757
Creditors: amounts falling due after more than one year
7
-
(583)
Provisions for liabilities
(76,831)
(84,744)
Net assets
1,640,793
1,652,430
Capital and reserves
Called up share capital
9
3,500
3,500
Revaluation reserve
10
947,176
956,520
Profit and loss reserves
690,117
692,410
Total equity
1,640,793
1,652,430
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.
true
DAVID BRYSON AND SONS LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 JANUARY 2017
31 January 2017
- 2 -
For the financial year ended 31 January 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
T he directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
he directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 .
he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The financial statements were approved by the board of directors and authorised for issue on 2 May 2017 and are signed on its behalf by:
Mr Walter Bryson
Director
Company Registration No. SC017604
DAVID BRYSON AND SONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2017
- 3 -
1
Accounting policies
Company information
David Bryson and Sons Limited is a
private
company
limited by shares
incorporated in Scotland.
The registered office is
1 Monkton Road, Prestwick, Ayrshire, KA9 1AS.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in
sterling
, which is the functional currency of the company.
Monetary a
mounts
in these financial statements are
rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
These financial statements for the year ended 31 January 2017
are the
first
financial statements of David Bryson and Sons Limited prepared in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland. The date of transition to FRS 102 was 1 February 2015. An explanation of how transition to FRS 102 has affected the reported financial position and financial performance is given in note 13.
1.2
Turnover
Turnover represents the total invoice value, excluding value added tax, of goods sold and services rendered during the year.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer
(usually on dispatch of the goods)
, the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.
1.3
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Tangible fixed assets include investment properties valued by the directors on an existing use open market value basis. Other tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided at rates calculated to write off the cost or valuation less estimated residual value of each asset over its expected useful life, as follows:
Land and buildings Freehold
2% straight line
Plant and machinery
15% straight line
Fixtures, fittings & equipment
15% straight line
Motor vehicles
20% straight line
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and
is credited or charged to profit or loss
.
DAVID BRYSON AND SONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2017
1
Accounting policies
(Continued)
- 4 -
1.4
Investment properties
Investment property, which is property held to earn rentals and/or for capital appreciation, is measured using the fair value model and stated at its fair value as the reporting end date. The surplus or deficit on revaluation is recognised in the profit and loss account. Where fair value cannot be achieved without undue cost or effort, investment property is accounted for as tangible fixed assets.
The surplus or deficit on revaluation is recognised in the profit and loss account.
Where fair value cannot be achieved without undue cost or effort, investment property is accounted for as tangible fixed assets.
1.5
Impairment of fixed assets
At each reporting
period
end date, the
company
reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the
company
estimates the recoverable amount of the cash-generating unit to which the asset belongs.
Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.
If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.
Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit)
in
prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.
1.6
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. Stocks held for distribution at no or nominal consideration are measured at cost, adjusted where applicable for any loss of service potential.
are stated at the lower of cost and
estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.
Stocks
held for distribution at no or nominal consideration are measured at cost, adjusted where applicable for any loss of service potential.
At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.
1.7
Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
are basic financial assets
and
include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
DAVID BRYSON AND SONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2017
1
Accounting policies
(Continued)
- 5 -
1.8
Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments. Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset , with the net amounts presented in the financial statements , when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset
, with
the net amounts presented in the financial statements
,
when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest
method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.
Financial assets classified as receivable within one year are not amortised.
Impairment of financial assets
Financial assets, other than those held at fair value through profit and loss , are assessed for indicators of impairment at each reporting end date. Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss. If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.
held
at
fair value through profit and loss
, are assessed for indicators of impairment at each reporting end date.
Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected.
If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss.
If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.
Derecognition of financial assets
Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when
the company
transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.
Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from
fellow group companies and preference shares that are classified as debt, are
initially recognised at transaction price unless the arrangement constitutes a
financing transaction, where the debt instrument is measured at the present value of
the future receipts discounted at a market rate of interest.
Financial liabilities classified as payable within one year are not amortised.
DAVID BRYSON AND SONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2017
1
Accounting policies
(Continued)
- 6 -
Derecognition of financial liabilities
Financial liabilities are derecognised when the company’s contractual obligations
expire or are discharged or cancelled.
1.9
Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
1.10
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
company’s
liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
Deferred tax
Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit. The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.
The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the
company
has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.
1.11
Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets. The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received. Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
1.12
Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
DAVID BRYSON AND SONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2017
1
Accounting policies
(Continued)
- 7 -
1.13
Leases
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases. Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to the profit and loss account so as to produce a constant periodic rate of interest on the remaining balance of the liability.
Assets held under finance leases are recognised as assets at the lower of the assets fair
value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to the profit and loss account so as to produce a constant periodic rate of interest on the remaining balance of the liability.
Rentals payable under operating leases, including any lease incentives received, are charged to income on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease asset are consumed.
including
any lease incentives received, are charged to income on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease asset are consumed.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was 42 (2016 - 40).
3
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 February 2016
1,451,114
709,455
2,160,569
Additions
-
26,005
26,005
At 31 January 2017
1,451,114
735,460
2,186,574
Depreciation and impairment
At 1 February 2016
77,203
579,853
657,056
Depreciation charged in the year
19,022
28,870
47,892
At 31 January 2017
96,225
608,723
704,948
Carrying amount
At 31 January 2017
1,354,889
126,737
1,481,626
At 31 January 2016
1,373,911
129,602
1,503,513
The freehold land and buildings at 1 Monkton Road, Prestwick, were revalued on 25th March 2011 by Bell Ingram, Chartered Surveyors, on an open market basis at £1,450,000.
DAVID BRYSON AND SONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2017
- 8 -
4
Investment property
2017
£
Fair value
At 1 February 2016 and 31 January 2017
71,438
Investment property is stated at cost which, in the opinion of the directors, is a fair reflection of the open market value of the property.
5
Debtors
2017
2016
Amounts falling due within one year:
£
£
Trade debtors
97,438
90,366
Other debtors
7,860
3,641
105,298
94,007
6
Creditors: amounts falling due within one year
2017
2016
£
£
Bank loans and overdrafts
58,767
11,301
Trade creditors
286,384
207,716
Other taxation and social security
48,974
62,280
Other creditors
101,613
122,039
495,738
403,336
Included within other creditors is a hire purchase liability of £438 (2016 - £6,984) which is secured over the assets to which they relate.
The bank overdraft is secured by way of a bond and floating charge over the property of the company.
7
Creditors: amounts falling due after more than one year
2017
2016
£
£
Other creditors
-
583
Included within other creditors is a hire purchase liability of £nil (2016 - £583) which is secured over the assets to which they relate.
DAVID BRYSON AND SONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2017
- 9 -
8
Provisions for liabilities
2017
2016
£
£
Deferred tax liabilities
76,831
84,744
76,831
84,744
9
Called up share capital
2017
2016
£
£
Ordinary share capital
Issued and fully paid
3,500 Ordinary shares of £1 each
3,500
3,500
10
Revaluation reserve
2017
2016
£
£
At beginning of year
956,520
977,314
Transfer to retained earnings
(9,344)
(20,794)
At end of year
947,176
956,520
11
Operating lease commitments
Lessee
At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:
2017
2016
£
£
Within one year
18,000
18,000
Between two and five years
15,000
33,000
33,000
51,000
The above operating lease represents the remaining commitment left on the lease term.
DAVID BRYSON AND SONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2017
- 10 -
12
Related party transactions
The following amounts were outstanding at the reporting end date:
2017
2016
Amounts owed to related parties
£
£
2002 Investments Limited
70,560
73,477
70,560
73,477
The above is disclosed as a related party by virtue of common control.
DAVID BRYSON AND SONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2017
- 11 -
13
Reconciliations on adoption of FRS 102
Reconciliations and descriptions of the effect of the transition to FRS 102 on; (i) equity at the date of transition to FRS 102; (ii) equity at the end of the comparative period; and (iii) profit or loss for the comparative period reported under previous UK GAAP are given below.
Reconciliation of equity
At 1 February 2015
At 31 January 2016
Previous UK GAAP
Effect of
transition
FRS 102
Previous UK GAAP
Prior year adjustment
Effect of
transition
FRS 102
Notes
£
£
£
£
£
£
£
Fixed assets
Tangible assets
1,522,585
-
1,522,585
1,503,513
-
-
1,503,513
Investment properties
71,438
-
71,438
71,438
-
-
71,438
1,594,023
-
1,594,023
1,574,951
-
-
1,574,951
Current assets
Stocks
479,741
-
479,741
466,764
-
-
466,764
Debtors
98,158
-
98,158
94,007
-
-
94,007
Bank and cash
3,638
-
3,638
5,371
-
-
5,371
581,537
-
581,537
566,142
-
-
566,142
DAVID BRYSON AND SONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2017
13
Reconciliations on adoption of FRS 102
At 1 February 2015
At 31 January 2016
Previous UK GAAP
Effect of
transition
FRS 102
Previous UK GAAP
Prior year adjustment
Effect of
transition
FRS 102
Notes
£
£
£
£
£
£
£
(Continued)
- 12 -
Creditors due within one year
Loans and overdrafts
(43,215)
-
(43,215)
(25,669)
-
-
(25,669)
Finance leases
(6,984)
-
(6,984)
(6,984)
-
-
(6,984)
Taxation
(70,592)
-
(70,592)
(62,280)
-
-
(62,280)
Other creditors
(312,570)
-
(312,570)
(308,403)
-
-
(308,403)
(433,361)
-
(433,361)
(403,336)
-
-
(403,336)
Net current assets
148,176
-
148,176
162,806
-
-
162,806
Total assets less current liabilities
1,742,199
-
1,742,199
1,737,757
-
-
1,737,757
Creditors due after one year
Finance leases
(7,568)
-
(7,568)
(583)
-
-
(583)
Provisions for liabilities
Deferred tax
1
(24,425)
(66,155)
(90,580)
(24,297)
5,708
(66,155)
(84,744)
Net assets
1,710,206
(66,155)
1,644,051
1,712,877
5,708
(66,155)
1,652,430
DAVID BRYSON AND SONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2017
13
Reconciliations on adoption of FRS 102
At 1 February 2015
At 31 January 2016
Previous UK GAAP
Effect of
transition
FRS 102
Previous UK GAAP
Prior year adjustment
Effect of
transition
FRS 102
Notes
£
£
£
£
£
£
£
(Continued)
- 13 -
Capital and reserves
Share capital
3,500
-
3,500
3,500
-
-
3,500
Revaluation reserve
977,314
-
977,314
956,520
-
-
956,520
Profit and loss
1
729,392
(66,155)
663,237
752,857
5,708
(66,155)
692,410
Total equity
1,710,206
(66,155)
1,644,051
1,712,877
5,708
(66,155)
1,652,430
DAVID BRYSON AND SONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2017
- 14 -
Reconciliation of profit for the financial period
Year ended 31 January 2016
Previous UK GAAP
Prior year adjustment
Effect of
transition
FRS 102
Notes
£
£
£
£
Turnover
5,537,973
-
-
5,537,973
Cost of sales
(4,635,272)
-
-
(4,635,272)
Gross profit
902,701
-
-
902,701
Administrative expenses
(867,222)
-
-
(867,222)
Other operating income
37,050
-
-
37,050
Operating profit
72,529
-
-
72,529
Interest payable and similar expenses
(1,488)
-
-
(1,488)
Taxation
1
(17,970)
5,708
-
(12,262)
Profit for the financial period
53,071
5,708
-
58,779
Notes to reconciliations on adoption of FRS 102
1. Deferred Tax
Deferred tax has now been provided on the property revaluation.
2017-01-31
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SC017604
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2017-01-31
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2017-01-31
SC017604
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2016-01-31
SC017604
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2016-01-31
SC017604
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2017-01-31
SC017604
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2016-01-31
SC017604
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2016-01-31
SC017604
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2017-01-31
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2016-01-31
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2017-01-31
SC017604
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2016-01-31
SC017604
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2017-01-31
SC017604
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2016-01-31
SC017604
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2015-01-31
SC017604
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2015-01-31
SC017604
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2016-01-31
SC017604
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2015-01-31
SC017604
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2016-02-01
2017-01-31
SC017604
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2016-02-01
2017-01-31
SC017604
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2016-02-01
2017-01-31
SC017604
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2016-02-01
2017-01-31
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2016-01-31
SC017604
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2016-01-31
SC017604
2016-01-31
SC017604
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2016-02-01
2017-01-31
SC017604
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2016-02-01
2017-01-31
SC017604
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2015-02-01
2016-01-31
SC017604
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2016-02-01
2017-01-31
SC017604
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2016-02-01
2017-01-31
SC017604
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2016-02-01
2017-01-31
SC017604
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2016-02-01
2017-01-31
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iso4217:GBP