Page 108 - Beeks Financial Cloud Group Annual Report 2021

106 Beeks Financial Cloud Group PLC For the year ended 30 June 2021

Consolidated Statement of Changes in Equity
Share
based Issued Merger Share Retained Total
payments capital relief premium earnings equity
£000 £000 £000 £000 £000 £000

As at 1 July 2019 63 64 372 4,309 130 4,938
Profit after income tax
- - - - 106 106
expense for the year
Issue of share capital - - 333 - - 333
Share based payments 311 - - - - 311
Dividends paid - - - - (178) (178)
As at 30 June 2020 and 1
July 2020 (as previously 374 64 705 4,309 58 5,510
stated)
Prior periods share
126 126
expense (note 4)
As at 30 June 2020 and 1
374 64 705 4,309 184 5,636
July 2020 (restated)
Profit after income tax
- - - - 1,959 1,959
expense for the year
Total comprehensive
- - - - 1,959 1,959
income
Deferred tax 69 69
Issue of share capital - 6 - 5,143 - 5,149

Share based payments 547 - - - - 547
Issue of share capital (38) 38 -
Dividends paid - - - - (180) (180)
As at 30 June 2021 883 70 705 9,452 2,070 13,180

FINANCE
1. COMPANY INFORMATION 2. ACCOUNTING POLICIES Disclosure exemptions adopted
Beeks Financial Cloud Group PLC Basis of preparation In preparing these financial
(the “Company”) is a public limited These financial statements have statements the Company has
company which is listed on the been prepared in accordance with taken advantage of all disclosure
AIM Market of the London Stock applicable accounting standards exemptions conferred by FRS 101.
Exchange and incorporated in and in accordance with Financial These financial statements do not
Scotland. Reporting Standard 101 – The include:
Reduced Framework (FRS 101). / A statement of cash flows and
The address of the registered related notes,
office is: Lumina Building, 40 Ainslie The principal accounting policies / Disclosure of key management
Road, Ground Floor, Hillington adopted in preparation of the personnel compensation,
Park, Glasgow, UK, G52 4RU. Beeks financial statements are set out / The effect of future accounting
Financial Cloud Group PLC was on pages 62 to 93. These policies standards not adopted,
incorporated on 4 December have been applied consistently / Related party transactions with
2015 and has subsequently been throughout the year unless other group entities,
converted to a public limited otherwise stated. / Share based payments
company “plc” on 8 November 2017. disclosures,
The financial statements have been / Financial instrument disclosures.
The principal activity of the prepared on an historic cost basis.
Company and its subsidiaries is the Going concern
provision of information technology The financial statements are The Company has net current
services. The company number presented in pounds sterling. assets of £8.8m at 30th June 2021
is SC521839. (2020: £3.0m).