Educational Trustees Meeting

GFTUET TRADING COMPANY LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2017

5.

Exceptional items

2017

2016

£

£

Gift Aid

(48,000)

(78,000)

6.

Tangible fixed assets

Plant and machinery etc £

Cost At 1 January 2017

699,826 30,080 (20,542)

Additions Disposals

At 31 December 2017

709,364

Depreciation At 1 January 2017 Charge for year

221,160 77,826

Eliminated on disposal

(9,613)

At 31 December 2017

289,373

Net book value At 31 December 2017

419,991

At 31 December 2016

478,666

7.

Fixed asset investments

Shares in group undertakings £

Cost At 1 January 2017 and 31 December 2017

2

Net book value At 31 December 2017

2

At 31 December 2016

2

8.

Debtors: amounts falling due within one year

2017

2016

£

£

Trade debtors Other debtors

26,263 114,183

66,519 108,975

140,446

175,494

9.

Creditors: amounts falling due within one year

2017

2016

£

£

Trade creditors

184,277 47,446 354,857

99,707 51,351 458,847

Taxation and social security

Other creditors

586,580

609,905

8