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23 Jun 2009 17:07
C.A. SPERATI (THE SPECIAL AGENCY) P.L.C.INTERIM REPORTFOR THE 6 MONTH PERIOD ENDED30 APRIL 2009
MANAGEMENTS' COMMENTARYFOR THE 6 MONTH PERIOD ENDED 30 APRIL 2009REVIEW OF THE BUSINESS
Turnouer was £252,698 as compared with £355,418 for the same period last year. This has resulted in a pre-tax loss of £22,690 as against a loss of £416 for the same period.
A slight recovery in recent months leads your Directors to hope that the second half of the year will show an improvement on the results of the first half year, however trading remains difficult.
By order of the boardA. LilleyDirector23 June 2009
PROFIT AND LOSS ACCOUNTFOR THR 6 MONTH PERIOD ENDED 30 APRIL 2009
| Unaudited 6 Months 30 April | Unaudited 6 Months 30 April | Audited Year to 31 October | |||||
| 2009 | 2008 | 2008 | |||||
| £ | £ | £ | |||||
| TURNOVER | 252,698 | 355,418 | 678,446 | ||||
| Cost of Sales | (138,990) | (180,209) | (340,773) | ||||
| Gross Profit | 113,708 | 175,209 | 337,673 | ||||
| Other Operating Expenses | (152,330) | (190,969) | (384,839) | ||||
| Other Operating Income | 13,172 | 4,635 | 8,732 | ||||
| OPERATING LOSS | (25,450) | (11,125) | (38,434) | ||||
| Investment Income | 2,760 | 10,709 | 20,417 | ||||
| LOSS ON ORDINARY ACTIVITIES BEFORE TAXATION | (22,690) | (416) | (18,017) | ||||
| Taxation | 4,225 | (2,487) | 1,179 | ||||
| LOSS ON ORDINARY ACTIVITIES AFTER TAXATION | (18,465) | (2,903) | (16,838) | ||||
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| LOSS PER ORDINARY SHARE OF 50p | (18.4)p | (2,9)p | ( 16,8)p | ||||
| All operations are continuing. |
BALANCE SHEETAS AT 30 APRIL 2009
| Unaudited 6 Months 30 April | Unaudited 6 Montlia 30 April | Audited Year to 31 October | |||||
| 2009 | 2008 | 2008 | |||||
| £ | £ | £ | |||||
| FIXED ASSETS
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| Tangible Assets | 70,674 | 79,487 | 74,369 | ||||
| CURRENT ASSETS Stocks | 227,448 | 278,581 | 245,114 | ||||
| Debtors | 169,041 | 79,032 | 125,800 | ||||
| Investments | 4,099 | 4,099 | 4,099 | ||||
| Cash at Bank and in Hand | 398,392 | 501,075 | 449,472 | ||||
| 798,980 | 862,787 | 824,485 | |||||
| CREDITORS Amounts fulling due within one year | (85,115) | (99,721) | (70,781) | ||||
| NET CURRENT ASSETS | 713,665 | 763,066 | 753,704 | ||||
| TOTAL ASSETS LESS CURRENT LIABILITIES | 784,539 | 842,553 | 828,073 | ||||
| PROVISION FOR LIABILITIES AND CHARGES | (942) | (1,556) | (1,011) | ||||
| NET ASSETS | 783,597 | 840,997 | 827,062 | ||||
| CAPITAL AND RESERVES Called up Share Capital | 50,000 | 50,000 | 50,000 | ||||
| Revaluation Reserve | 22,128 | 22,128 | 22,128 | ||||
| Profit and Loss Account | 711,469 | 760,869 | 754,934 | ||||
| SHAREHOLDERS' FUNDS | 783,597 | 840,997 | 827,062 | ||||
| Approved and authorised for issue by the board on 23 June, 2009 A. Lilley Director |
CASH FLOW STATEMENTFOR THE 6 MONTH PERIOD ENDED 30 APRIL 2009
| Unaudited 6 Months 30 April | Unaudited 6 Months 30 April | Audited Year to 31 October | |||||
| 2009 | 2008 | 2008 | |||||
| £ | £ | £ | |||||
| Operating Loss | (25,450) | (11,125) | (38,434) | ||||
| Depreciation of Tangible Assets | 4,141 | 5,186 | 10,389 | ||||
| (Decrease)/Increase in Stock | 17,666 | (2,697) | 30,770 | ||||
| Increase/(Decrease) in Debtors | (39,084) | 87,279 | 43,231 | ||||
| Increase/(Decrease) in Creditors | 14,332 | (34,069) | (29,963) | ||||
| NET CASH OUTFLOW/INFLOW FROM OPERAT1NG ACTIVITIES | (28,395) | 44,574 | 15,993 | ||||
| RETURN'S ON INVESTMENTS AND SERVICING OF FINANCE Interest Received |
2,680 | 10,634 | 20,191 | ||||
| Dividends Received | 80 | 75 | 226 | ||||
| 2,760 | 10,709 | 20,417 | |||||
| TAXATION | - | - | |||||
| Corporation Tax Paid | (7,645) | ||||||
| CAPITAL EXPENDITURE Purchase of Fixed Assets | (445) | (661) | (746) | ||||
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| (746) | ||||||
| (445) | |||||||
| (661) | |||||||
| EQUITY DIVIDEND PAID | (25,000) | - | (25,000) | ||||
| (DECREASE)/INCREASE IN CASH 1N PERIOD | (51,080) | 54,622 | 3,019 | ||||
| RECONCILIAIlON OF NET CASHFLOW TO MOVEMENT IN NET FUNDS |
| 54,622 | 3,019 | ||||
| (Decrease)/Increase in Cash | (51,080) | ||||||
| Net Funds at 1 November 2008 | 449,472 | 446,453 | 446,453 | ||||
| Net Funds at 30 April 2009 | 398,392 | 501,075 | 449,472 |
INTERIM REPORTFOR THE 6 MONTH PERIOD ENDED 30 APRIL 2U09
NOTES
The interim results to 30 April 2009, which are unaudited, have been prepared in accordance with the accounting policies which will be adopted in the Company's next annual financial statements, which are the same as those policies used in the preparation of the financial statements for the year ended 31 October 2008.The interim results do not constitute statutory financial statements as defined in Section 435 of the Companies Act 2006.Comparative figures for the year ended 31 October 2008 are an abridged version of the Company's full financial statements, which carry an unqualified audit report, do not contain a statement made under section 237(2) or (3) of the Companies Act 1985 and have been delivered to the Registrar of Companies. The credit/charge to taxation relates to UK direct taxation. Movement in shareholders funds| Unaudited 6 months to 30 April | Unaudited 6 months to 30 April | Audited Year to 31 October | |||||
| 2009 | 2008 | 2008 | |||||
| £ | £ | £ | |||||
| Loss for the period | (18,465) | (2,903) | (16,838) | ||||
| Final dividends - 25p per share | (25,000) | (25,000) | (25,000) | ||||
| Net movement in shareholders' funds | (43,465) | (27,903) | (41,838) | ||||
| Shareholders' funds At 1 November 2008 | 827,062 | 868,900 | 868,900 | ||||
| At, 30 April 2009 | 783,597 | 840,997 | 827,062 |
The dividends were approved by the annual general meeting held on 11 March 2009 (18 March 2008) and were paid on 14 May 2009 (16 Mny 2008).
Copyright Business Wire 2009
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