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Balance Sheet | 1—2 |
Statement of Changes in Equity | 3 |
Notes to the Financial Statements | 4—9 |
Period to 31 December 2016 | 29 February 2016 | ||||
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Notes | £ | £ | £ | £ | |
FIXED ASSETS | |||||
Tangible Assets | 5 |
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CURRENT ASSETS | |||||
Stocks | 6 |
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Debtors | 7 |
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Cash at bank and in hand |
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Creditors: Amounts Falling Due Within One Year | 8 |
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NET CURRENT ASSETS (LIABILITIES) |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
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Creditors: Amounts Falling Due After More Than One Year | 9 |
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PROVISIONS FOR LIABILITIES | |||||
Deferred Taxation | 10 |
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NET ASSETS |
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CAPITAL AND RESERVES | |||||
Called up share capital | 11 |
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Other reserves |
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Profit and loss account |
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SHAREHOLDERS' FUNDS | 190,031 | 115,304 | |||
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Share Capital | Other reserves | Profit & Loss Account | Total | |
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£ | £ | £ | £ | |
As at 1 March 2015 |
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114,310 |
Profit for the year and total comprehensive income | - | - |
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994 |
As at 29 February 2016 and 1 March 2016 |
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115,304 |
Profit for the period and total comprehensive income | - | - |
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74,727 |
Transfer to/from Other Reserves | - | - | (40,000) | (40,000) |
Transfer to/from Profit & Loss Account | - |
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- | 40,000 |
As at |
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190,031 |
Plant & Machinery |
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Motor Vehicles |
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Period to 31 December 2016 | 29 February 2016 | ||
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£ | £ | ||
Bank loans and overdrafts |
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Investment Property | Plant & Machinery | Motor Vehicles | Total | |
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£ | £ | £ | £ | |
Cost | ||||
As at |
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Additions | - |
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Revaluation | 50,000 | - | - |
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As at |
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Depreciation | ||||
As at |
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Provided during the period | - |
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As at |
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Net Book Value | ||||
As at |
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As at |
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Period to 31 December 2016 | 29 February 2016 | ||
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£ | £ | ||
Stock - finished goods |
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Period to 31 December 2016 | 29 February 2016 | ||
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£ | £ | ||
Due within one year | |||
Trade debtors |
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Prepayments and accrued income |
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Amounts owed by group undertakings |
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Period to 31 December 2016 | 29 February 2016 | ||
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£ | £ | ||
Trade creditors |
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Bank loans and overdrafts |
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Corporation tax |
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Other taxes and social security | - |
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VAT |
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Rental deposit held | - | 8,125 | |
Mrs. M.A. Rogers Loan |
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Accruals and deferred income |
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Sundry creditors |
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Amounts owed to group undertakings |
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Period to 31 December 2016 | 29 February 2016 | ||
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£ | £ | ||
Bank loans |
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Period to 31 December 2016 | 29 February 2016 | ||
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£ | £ | ||
Bank loans and overdrafts | 155,234 | - |
Period to 31 December 2016 | 29 February 2016 | ||
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£ | £ | ||
Deferred taxation |
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Deferred tax |
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Revpie Limited
Revpie Limited owns shares in the company carrying 75% of the voting rights
The only transactions with Revpie Limited during the period were a management charge made by the company to Revpie Limited of £ (year ended 29 February 2016 : £25,190), and rent payable to Revpie Limited of £3,000 (year ended 29 February 2016 : £15,600. There was a creditor due to Revpie Limited at the period end of £nil (29 February 2016 : £4,320) (included in trade creditors in note 8) for rent payable.There is also a cross guarantee from the bank with Revpie Limited securing the bank borrowings of the company.