Specialized Body Shop Limited Micro-entity accounts

Specialized Body Shop Limited Micro-entity accounts

SPECIALIZED BODY SHOP LTD - Company Information

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COMPANY REGISTRATION NUMBER: 04776047
Specialized Body Shop Limited
Unaudited Financial Statements
31 August 2017
Specialized Body Shop Limited
Financial Statements
Year ended 31 August 2017
Contents
Page
Income statement
1
Statement of financial position and the notes to the financial statements
2
The following pages do not form part of the financial statements
Detailed income statement
5
Notes to the detailed income statement
6
Specialized Body Shop Limited
Income Statement
Year ended 31 August 2017
2017
2016
£
£
Turnover
174,245
164,229
Other income
-
9,410
---------
---------
174,245
173,639
Cost of raw materials and consumables
171,288
128,568
Depreciation and other amounts written off assets
( 40,000)
7,358
Other charges
59,952
24,555
---------
---------
(Loss)/profit
( 16,995)
13,158
---------
---------
Specialized Body Shop Limited
Statement of Financial Position
31 August 2017
2017
2016
£
£
£
Current assets
5,369
177,527
Creditors: amounts falling due within one year
6,295
156,185
-------
---------
Net current (liabilities)/assets
( 926)
21,342
----
--------
Total assets less current liabilities
( 926)
21,342
Creditors: amounts falling due after more than one year
-
5,273
----
--------
(926)
16,069
----
--------
Capital and reserves
( 926)
16,069
----
--------
Notes to the financial statements
1. Directors' advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2017
Balance brought forward
Advances/ (credits) to the directors
Balance outstanding
£
£
£
Mr S R Horrobin
( 1,470)
1,470
-
Mr M L J Gower
( 3,803)
3,803
-
-------
-------
----
( 5,273)
5,273
-
-------
-------
----
2016
Balance brought forward
Advances/ (credits) to the directors
Balance outstanding
£
£
£
Mr S R Horrobin
( 1,470)
-
( 1,470)
Mr M L J Gower
( 3,803)
-
( 3,803)
-------
----
-------
( 5,273)
-
( 5,273)
-------
----
-------
For the year ending 31 August 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements have been prepared in accordance with the micro-entity provisions.
These financial statements were approved by the board of directors and authorised for issue on 22 February 2018 , and are signed on behalf of the board by:
Mr S R Horrobin
Director
Company registration number: 04776047
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit 2 Enterprise Close, Medway City Estate, Rochester, ME2 4JW, Kent.
Specialized Body Shop Limited
Management Information
Year ended 31 August 2017
The following page does not form part of the financial statements.
Specialized Body Shop Limited
Detailed Income Statement
Year ended 31 August 2017
2017
2016
£
£
Turnover
174,245
164,229
Other income
-
9,410
Cost of raw materials and consumables
Purchases
171,288
128,568
---------
---------
171,288
128,568
---------
---------
Depreciation and other amounts written off assets
(40,000)
7,358
Other charges
59,952
24,555
--------
--------
16,995
(13,158)
--------
--------
Specialized Body Shop Limited
Notes to the Detailed Income Statement
Year ended 31 August 2017
2017
2016
£
£
Depreciation and other amounts written off assets
Depreciation on improvements to property
-
7,358
(Gain)/loss on disposal of tangible assets
(40,000)
-
--------
-------
(40,000)
7,358
--------
-------
Other charges
Direct costs
-
10,555
Motor expenses
-
1,277
Hire costs (non-operating leases)
10,380
12,646
Management and administration expenses
45,000
-
Bank charges
438
85
Legal and professional fees
4,134
-
Interest on bank loans and overdrafts
-
( 8)
--------
--------
59,952
24,555
--------
--------