Directors Report - Enhanced Chart

KEY

(group / account 111)

Shows which group / account number the description heading is generated from. Any headings with these can be changed.  

(For information on how to change group/account descriptions, click here)

Light Blue text

Click for more detail.

COMPANY NAME

PREVIOUS KNOWN AS

PREVIOUS COMPANY NAME

Report of the directors

FOR THE YEAR ENDED 31 DECEMBER 2004

The directors present their report with the financial statements of the company for the year ended 31 December 2004

COMMENCEMENT OF TRADING (Report of the Directors | Commencement of Trading)

XXXXXXXXXXXXXXXXXX

CESSATION OF TRADING (Report of the Directors | Cessation of trading)

The company ceased trading on 31 December 2004

INCORPORATION

The company was incorporated on incorporation date and commenced trading on trading commenced date.

CHANGE OF NAME (Report of the Directors | Change of Name)

The company passed a special resolution on 30 June 2004 changing its name from earlier previous name  to previous name. It passed a further special resolution on 31 January 2004 changing its name to business name.

PRINCIPAL ACTIVITY  (Report of the Directors | Principal Activity)

The principal activity of the company in the year under review was that of   XXXXXXXXXXXXXXXXXX

REVIEW OF BUSINESS (Report of the Directors | Review of Business)

The results for the year and financial position of the company are as shown in the annexed financial statements.

*

DIVIDENDS (Report of the Directors | Dividends)

Interim dividends per share were paid during the year as follows:

Ordinary A   £1

- £7

Ordinary B   £1

- £15

Ordinary C   £1

- £25

Ordinary D   £1

- £23

The directors recommend a final dividend per share as follows:

Ordinary A   £1

- £7

Ordinary B   £1

- £15

Ordinary C   £1

- £25

Ordinary D   £1

- £23

The total distribution of dividends for the year ended 31 December 2004 will be x,xxx

FIXED ASSETS (Report of the Directors | fixed assets)

XXXXXXXXXXXXXXXXXX

RESEARCH AND DEVELOPMENT (Report of the Directors | Research and Development)

XXXXXXXXXXXXXXXXXX

FUTURE DEVELOPMENTS (Report of the Directors | Future Development)

XXXXXXXXXXXXXXXXXX

EVENTS SINCE THE END OF THE YEAR

Information relating to events since the end of the year is given in the notes to the financial statements.

*

DIRECTORS  (Report of the Directors | Directors information)

The directors set out in the table below have held office during the whole of the period from 01 January 2004 to the date of this report unless otherwise stated.

Other changes in the directors holding office are as follows:

Director 4 was appointed a director on 31 March 2004 and resigned on 31 November 2004

Director 3 resigned on 28 February 2004.

Director 2 ceased to be a director after the 31 December 2004 but prior to the date of this report.

(replace/add to this section of text)

The beneficial interests of the directors holding office at 31 December 2004  in the shares of the company, according to the register of directors' interests, were as follows:

31.12.04

01.01.04

or date of appointment if later

Beneficial interests

Other interests

Beneficial interests

Other interests

Ordinary A  shares of £1 each

Director 1- appointed 31.03.04

50

-

50

-

Director 2

50

10

50

10

Ordinary B  shares of £1 each

Director 1

20

-

-

-

Director 2

-

-

20

-

Ordinary C shares of £1 each

Director 1

-

-

-

-

Director 2

10

10

10

10

Ordinary D shares of £1 each

Director 1

10

-

10

-

Director 2

-

10

-

10

These directors did not hold any beneficial interest in the Ordinary E shares of £1 each

These directors did not hold any non-beneficial interest in any of the shares of the company

All the directors, being eligible, offer themselves for election at the forthcoming first Annual General Meeting.

OR

In accordance with the Articles of Association, director 1 and director 2, will retire at the forthcoming Annual General Meeting, and being eligible, will stand for re-election.

COMPANIES POLICY ON PAYMENT OF CREDITORS (Report of the Directors | Companies policy on payment of creditors)

XXXXXXXXXXXXXXXXXX

FINANCIAL INSTRUMENTS (Report of the Directors | Financial Instruments)

XXXXXXXXXXXXXXXXXX

POLITICAL AND CHARITABLE CONTRIBUTIONS (Report of the Directors | Political and charitable contributions)

XXXXXXXXXXXXXXXXXX

FREEFORM (Report of the Directors | Freeform )

XXXXXXXXXXXXXXXXXX

POTENTIAL IMPACT OF THE EURO (Report of the Directors | Potential impact of the euro)

XXXXXXXXXXXXXXXXXX

FREEFORM (Report of the Directors | Freeform paragraph 1)

XXXXXXXXXXXXXXXXXX

FREEFORM (Report of the Directors | Freeform paragraph 2)

XXXXXXXXXXXXXXXXXX

STATEMENT OF DIRECTORS RESPONSIBILITIES

Company law requires the directors to prepare financial statements for each financial year which give a true and fair view of affairs of the company and the profit of loss of the company for that period. In preparing these financial statements, the directors were required to

-select suitable accounting policies and then apply them consistently;

-make adjustments and estimates that are reasonable and prudent;

- state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;

-prepare the financial statements on a going concern basis unless it is inappropriate to presume that the company will continue in business

The directors are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the company and to enable them to ensure that the financial statements comply with the Companies Act 1985. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The maintenance and integrity of the business name web site is the responsibility of the directors; the work carried out by the auditors does not involve consideration of these matters.

Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

AUDITORS (Report of the Directors | Auditors)

The auditors, auditors, will be proposed for re-appointment in accordance with Section 385/385A of the companies act 1985.

This report has been prepared in accordance with the special provisions of Part VII of the Companies Act 1985 relating to small companies.

ON BEHALF OF THE BOARD

.......................................................

XXXXXXXXXXXXXXX

Miss secretary - Secretary

Date:    January 2005