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PROFIT AND LOSS ACCOUNT

2003 (£)

2002 (£)

Turnover

11,298,817

6,003,036

Cost of Sales

(6,510,441)

(3,459,869)

 

Gross Profit

4,788,376

2,543,167

Administrative expenses

(3,764,821)

(1,737,755)

 

Operating Profit

1,023,555

805,412

Exceptional items

-

(168,904)

Interest payable and similar charges

(43,646)

(6,823)

Interest receivable and similar income

101

4,848

 

Profit on ordinary activities before taxation

980,010

634,533

Tax on profit on ordinary activities

(313,929)

(168,290)

 

Profit after taxation

666,081

466,243

Dividends

(34,560)

(28,800)

 

Retained profit for year

631,521

437,443

Retained profit brought forward

1,254,788

817,345

 
Retained profit carried forward 1,886,309 1,254,788

 


 

BALANCE SHEET AT 31 MARCH 2003

2003 (£)

2002 (£)


Fixed assets

 

 

Intagible assets

1,692,954

332,616

Tangible assets 119,035 87,475
 

Current assets

1,811,989 420,091

Stocks

2,151,928

1,291,677

Debtors 2,662,620 1,697,589

Cash at bank and in hand

-

4,517

 


 

4,814,548

2,993,783

Creditors: amounts falling due within one year

(4,062,964)

(1,967,323)

 
Net current assets 751,584 1,026,460
 

Total assets less current liabilities

2,563,573

1,446,551

Creditors: amounts falling due after more than one year

(491,667)

(2,500)

Provisions for liabilities and charges (40,169) (43,845)
 

Net assets

2,031,737

1,400,206

 


Capital and reserves    

Called up share capital

83,220

83,210

Share premium account

62,208

62,208

Profit and loss account 1,886,309 1,254,788
 
Equity shareholders’ funds 2,031,737 1,400,206