Summary Financial Statements
Statement of Comprehensive Income
For the Year Ended 31 st December 2017
2017
£
2016
£
£
£
TURNOVER 3,107,745 3,052,942
Cost of sales 2,075,980 2,001,617
GROSS SURPLUS 1,031,765 1,051,325
Administrative expenses 504,387 497,603
OPERATING SURPLUS 527,378 553,722
265,000 -
3,164 3,838
Interest payable and similar charges (24,547) (26,502)
Other fi nance costs (17,000) (18,000)
Gain from changes in fair value of investment property
Interest receivable and similar income
226,617 (40,664)
753,995 513,058
Tax on surplus on ordinary activities 125,608 130,937
SURPLUS FOR THE FINANCIAL YEAR 628,387 382,121
Actuarial gains/ (losses) on pension scheme 106,000 (177,000)
Income tax relating to other comprehensive income (21,310) 37,000
TOTAL COMPREHENSIVE INCOME FOR THE YEAR 713,077 242,121
SURPLUS ON ORDINARY ACTIVITIES
BEFORE TAXATION
36
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