Firestorm
Pedant
2009 accounts (the only figures I have to hand)
Wages 3.4M
Social security 368K
Other expenses 2.2M
Admin Expenses 1.3M
Considering the tax owed at 31/7/2009 was 1.8M and at 31/7/08 was 0.8M that would indicate an annual tax bill of at least a million (probably as we were not wound up in 2008/9 I would guess that the 800K was paid so its probably nearer 1.5M - 1.8M) out of one of the two expenses figures.
Unfortuantely the utilities etc are not seperated.
Altough the rent is discribed in the related parties transctions as charged as Nil, it is shown in the accounts as a commitment to paying 520k pa with the note in Practice no amounts have been payable in recent years .
So of the expenses of 3.5M in 2009 at least 2M of it will be Rent and Tax 9and if the rent was being actually paid the cash flow would be even worse)
In an earlier post I surmised that the reduction in the debt to the parent company may well have been due to a loan from the parent being repaid, after a further look and as the figures are remarkably similar, the reduction in the debt of 520K may well have been due to the write off of a prior years rent
Wages 3.4M
Social security 368K
Other expenses 2.2M
Admin Expenses 1.3M
Considering the tax owed at 31/7/2009 was 1.8M and at 31/7/08 was 0.8M that would indicate an annual tax bill of at least a million (probably as we were not wound up in 2008/9 I would guess that the 800K was paid so its probably nearer 1.5M - 1.8M) out of one of the two expenses figures.
Unfortuantely the utilities etc are not seperated.
Altough the rent is discribed in the related parties transctions as charged as Nil, it is shown in the accounts as a commitment to paying 520k pa with the note in Practice no amounts have been payable in recent years .
So of the expenses of 3.5M in 2009 at least 2M of it will be Rent and Tax 9and if the rent was being actually paid the cash flow would be even worse)
In an earlier post I surmised that the reduction in the debt to the parent company may well have been due to a loan from the parent being repaid, after a further look and as the figures are remarkably similar, the reduction in the debt of 520K may well have been due to the write off of a prior years rent
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