CONSOLIDATED STATEMENT OF CHANGES IN EQUITY for the year ended 31 March 2016



For the purpose of preparing the consolidated financial statement of the Group, the share capital represents the nominal value of the issued share capital of 1p per share. Share premium represents the excess over nominal value of the fair value consideration received for equity shares net of expenses of the share issue.

The NOTES are an integral part of these consolidated financial statements.

Share capital

Share premium

Reverse acquisition reserve

Retained profits/(losses)

Total equity


£

£

£

£

£

At 1 April 2014

2,283,752

1,075,513

(2,817,633)

(1,439,752)

(898,120)

Loss for the year

–

–

–

(619,106)

(619,106)

Total comprehensive income for the year

–

–

–

(619,106)

(619,106)

Issue of shares

100,000

100,000



200,000

Share issue costs

0

(10,050)



(10,050)

At 31 March 2015

2,383,752

1,165,463

(2,817,633)

(2,058,858)

(1,327,276)

AT 31 March 2015

2,383,752

1,165,463

(2,817,633)

(2,058,858)

(1,327,276)

Profit for year

–

–

–

204,877

204,877

Total comprehensive income for the year

–

–

–

204,877

204,877

At 31 March 2016

2,383,752

1,165,463

(2,817,633)

(1,853,981)

(1,122,399)

Annual report & consolidated financial statements 2016