Accounts to 31 May 2016
- Period
- 1 Jun 2015 to 31 May 2016
Balance sheet
| 31 May 2016 | 31 May 2015 | |
|---|---|---|
| Fixed assets | £1,267 | £418 |
| Current assets | £4,860 | £12,917 |
| Debtors | - | £500 |
| Cash at bank and in hand | £4,860 | £12,417 |
| Creditors: due within one year | £9,277 | £11,819 |
| Net current assets/liabilities | -£4,417 | £1,098 |
| Total assets less current liabilities | -£3,150 | £1,516 |
| Called up share capital | £100 | £100 |
| Profit and loss account reserve | -£3,250 | £1,416 |
| Shareholders' funds | -£3,150 | £1,516 |
Profit and loss
| 31 May 2016 | 31 May 2015 | |
|---|---|---|
| Turnover | £23,434 | £39,481 |
| Cost of sales | £3,098 | £3,771 |
| Gross profit/loss | £20,336 | £35,710 |
| Administrative expenses | £25,002 | £26,506 |
| Profit/loss before tax | -£4,666 | £9,204 |
| Tax on profit/loss | - | £1,846 |
| Profit/loss for the period | -£4,666 | £7,358 |