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Financial Statements |
Contents |
Page |
Strategic report |
1 |
Directors' report |
2 |
Statement of comprehensive income |
4 |
Statement of financial position |
5 |
Statement of changes in equity |
7 |
Notes to the financial statements |
8 |
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Strategic Report |
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Director |
Director |
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Directors' Report |
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Director |
Director |
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Statement of Comprehensive Income |
2021 |
2020 |
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Note |
£ |
£ |
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Turnover |
4 |
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Cost of sales |
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------------- |
------------ |
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Gross profit |
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Administrative expenses |
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------------ |
------------ |
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Operating profit |
5 |
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Interest payable and similar expenses |
8 |
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------------ |
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Profit before taxation |
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Tax on profit |
9 |
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------------ |
--------- |
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Profit for the financial year and total comprehensive income |
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--------- |
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Statement of Financial Position |
2021 |
2020 |
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Note |
£ |
£ |
£ |
Tangible assets |
11 |
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Debtors |
12 |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
13 |
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Net current assets |
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--------- |
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Total assets less current liabilities |
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Creditors: amounts falling due after more than one year |
14 |
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Net assets |
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Called up share capital |
16 |
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Capital redemption reserve |
17 |
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Profit and loss account |
17 |
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--------- |
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Shareholders funds |
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Statement of Financial Position (continued) |
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Director |
Director |
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Statement of Changes in Equity |
Called up share capital |
Capital redemption reserve |
Profit and loss account |
Total |
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£ |
£ |
£ |
£ |
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At 1 January 2020 |
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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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Issue of shares |
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– |
– |
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Dividends paid and payable |
10 |
– |
– |
(
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(
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Redemption of shares |
(
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(
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(
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---- |
---- |
------------ |
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Total investments by and distributions to owners |
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(
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(
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At 31 December 2020 |
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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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Dividends paid and payable |
10 |
– |
– |
(
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(
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---- |
---- |
--------- |
--------- |
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Total investments by and distributions to owners |
– |
– |
(
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(
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------- |
---- |
------------ |
------------ |
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At 31 December 2021 |
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------- |
---- |
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Notes to the Financial Statements |
Fixtures & Fittings |
- |
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Equipment |
- |
33
% straight line |
|
2021 |
2020 |
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£ |
£ |
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Rendering of services |
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------------- |
------------ |
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2021 |
2020 |
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£ |
£ |
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Depreciation of tangible assets |
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Impairment of trade debtors |
– |
4,000 |
Foreign exchange differences |
(
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-------- |
-------- |
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2021 |
2020 |
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£ |
£ |
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Wages and salaries |
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Social security costs |
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Other pension costs |
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------------ |
------------ |
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------------ |
------------ |
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2021 |
2020 |
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£ |
£ |
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Remuneration |
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--------- |
--------- |
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2021 |
2020 |
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£ |
£ |
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Aggregate remuneration |
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--------- |
--------- |
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2021 |
2020 |
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£ |
£ |
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Interest on debenture loans |
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– |
Interest on banks loans and overdrafts |
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Other interest payable and similar charges |
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-------- |
-------- |
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-------- |
-------- |
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2021 |
2020 |
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£ |
£ |
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UK current tax expense |
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--------- |
-------- |
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Tax on profit |
322,403
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--------- |
-------- |
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2021 |
2020 |
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£ |
£ |
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Profit on ordinary activities before taxation |
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------------ |
--------- |
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Profit on ordinary activities by rate of tax |
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Effect of expenses not deductible for tax purposes |
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Effect of capital allowances and depreciation |
(
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(
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------------ |
--------- |
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Tax on profit |
337,713
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------------ |
--------- |
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2021 |
2020 |
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£ |
£ |
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Dividends paid during the year (excluding those for which a liability existed at the end of the prior year ) |
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--------- |
--------- |
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Fixtures and fittings |
Equipment |
Total |
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£ |
£ |
£ |
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Cost |
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At 1 January 2021 |
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65,480 |
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Additions |
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32,196 |
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-------- |
-------- |
--------- |
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At 31 December 2021 |
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97,676 |
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-------- |
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Depreciation |
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At 1 January 2021 |
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42,335 |
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Charge for the year |
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18,552 |
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-------- |
-------- |
--------- |
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At 31 December 2021 |
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60,887 |
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-------- |
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Carrying amount |
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At 31 December 2021 |
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36,789 |
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-------- |
-------- |
--------- |
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At 31 December 2020 |
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23,145 |
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-------- |
-------- |
--------- |
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2021 |
2020 |
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£ |
£ |
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Trade debtors |
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Prepayments and accrued income |
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Directors loan account |
– |
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Other debtors |
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------------ |
--------- |
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------------ |
--------- |
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2021 |
2020 |
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£ |
£ |
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Bank loans and overdrafts |
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Trade creditors |
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Accruals and deferred income |
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Corporation tax |
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Social security and other taxes |
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Director loan accounts |
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– |
Pension Control |
10,822 |
6,264 |
Other creditors |
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------------ |
------------ |
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------------ |
------------ |
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2021 |
2020 |
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£ |
£ |
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Bank loans and overdrafts |
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--------- |
--------- |
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2021 |
2020 |
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No. |
£ |
No. |
£ |
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1,230 |
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1,230 |
------- |
------- |
------- |
------- |
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2021 |
2020 |
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£ |
£ |
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Not later than 1 year |
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Later than 1 year and not later than 5 years |
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--------- |
--------- |
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2021 |
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Balance brought forward |
Advances/ (credits) to the directors |
Amounts repaid |
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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(
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(
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-------- |
------- |
--------- |
-------- |
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2020 |
|||||
Balance brought forward |
Advances/ (credits) to the directors |
Amounts repaid |
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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(
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--------- |
--------- |
--------- |
-------- |
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