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IMCO INTERNATIONAL |
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FINANCIAL STATEMENT |
Including |
MANAGEMENT PROFIT & LOSS ACCOUNT |
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BALANCE SHEET |
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FOR THE YEAR ENDED 31ST DECEMBER 2000 |
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The attached annotated accounts are a summary of the full audited |
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accounts which are available on request from the International Office. |
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COMPANY NUMBER 2965563 (ENGLAND & WALES) |
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IMCO INTERNATIONAL LIMITED (A COMPANY LIMITED BY GUARANTEE) |
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BALANCE SHEET |
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AS AT 31ST DECEMBER 2000 |
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2000 1999 |
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£ £ £ £ |
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Fixed Assets |
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Tangible assets 949 1,195 |
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Current Assets |
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Debtors 4,689 7,666 |
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Cash at bank and in hand 42,195 58,384 |
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46,884-------- 66,050 |
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Creditors: Amounts Falling Due Within One |
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Year 4,866 11,490 |
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Net Current Assets 42,018 54,560 |
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Total Assets Less Current Liabilities 42,967 55,755 |
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Capital and Reserves |
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Profit and loss account 42,967 55,755 |
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IMCO INTERNATIONAL LIMITED (A COMPANY LIMITED BY GUARANTEE) |
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MANAGEMENT PROFIT AND LOSS ACCOUNT |
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FOR THE YEAR ENDED 31ST DECEMBER 2000 |
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2000 1999 |
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£ £ £ £ |
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Turnover 55,965 71,907 |
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Cost of Sales 436 544 |
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Gross Profit 55,529 71,363 |
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Interest Receivable |
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Bank deposit interest 191 - |
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191 - |
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55,720 71,363 |
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Less Expenses |
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Secretariats fees 23,400 23,500 |
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Race expenses 10,680 3,436 |
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Office costs 17,695 6,131 |
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Insurance 156 204 |
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Audit and accountancy 1,323 1,507 |
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Repairs and renewals - 104 |
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Motor and travel 7,861 5,996 |
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Bad and doubtful debts 3,902 - |
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Bank charges 2,068 1,578 |
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Subscriptions and donations 420 200 |
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Foreign exchange (profit)/loss (1,331) 2,318 |
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Royalties paid - 319 |
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Miscellaneous 1,273 15 |
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Depreciation 1,061 1,990 |
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68,508 47,298 |
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Net (Loss)/Profit for the Year (12,788) 24,065 |
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