Page 43 - Hub South East Scotland Territory Annual Report 2019-2020

Results
abStract oF accountS
the the the information below is extracted from the the the audited financial statements for for the the the year to 31 March 2019 the the company has reported a a a a loss for the the year of £179 000 the net asset position remains positive at £461 000 the the directors do not recommend payment of of a a a dividend in respect of of the the year a a a a a a summary of the financial performance is as follows:
profit & loss Account
turnover (development fees plus payments related to d&b contracts) cost of Sales (includes payments to to d&b contractors)
Gross Profit
administration Expenses
net interest Payable (mainly on Shareholders Working capital loans) Profit
for for year before tax
corporation tax
Retained profit for year year ended 31 March 2018
year ended 31 March 2019 £000s 28 377 (27 184) 1 1 193 (1 376) 1 (182) 3 (179)
as at 31 March 2019 £000s 2 510 (2 049) 461 - 461 £000s 13 13 613 (11 896) 1 1 717 (1 199) - 518 (98) 420
43
balance sheet
total assets
current liabilities
total assets
less current liabilities
long term liabilities
net Assets
as at 31 March 2018
£000s 4 236 (3 596) 640 - 640