CONSOLIDATED STATEMENT OF FINANCIAL POSITION at 31 March 2012


31 March 2012

30 November 2010


note

£

£





Non-current assets




Tangible fixed assets

7

1533

529



1533

529

Current assets




Inventory

11

6557666

6934734

Trade and other receivables

9

110043

54113

Cash at bank and in hand

10

553420

271665



7221129

7260512

Total assets


7222662

7261041





Creditors: amounts falling due within 1 year




Trade and other payables

12

(169305)

(24090)

Borrowings

13

(1010816)

(3939612)

Net current assets


6041008

3296810





Non-current liabilities




Borrowings

13

(7420555)

(5070765)

Net liabilities


(1378014)

(1773426)





Capital and reserves




Called up share capital

14

2143752

87575

Share premium account

15

961128

194393

Reverse acquisition reserve


(2817633)

(181669)

Profit & loss account


(1665261)

(1873725)

Equity - attributable to the owners of the parent


(1378014)

(1773426)

These financial statements were approved by the Board of Directors and authorised for issue on 30 August 2012 and are signed on its behalf by

C C Johnson

A D Johnson

Annual report & consolidated financial statements 2012