C.A. SPERATI (THE SPECIAL AGENCY) P.L.C.
INTERIM REPORT
FOR THE 6 MONTH PERIOD ENDED
30 APRIL 2009
MANAGEMENTS' COMMENTARY
FOR THE 6 MONTH PERIOD ENDED 30 APRIL 2009
REVIEW OF THE BUSINESS
Turnouer was £252,698 as compared with £355,418 for the same period last year. This has resulted in a pre-tax loss
of £22,690 as against a loss of £416 for the same period.
A slight recovery in recent months leads your Directors to hope that the second half of the year will show an
improvement on the results of the first half year, however trading remains difficult.
By order of the board
A. Lilley
Director
23 June 2009
PROFIT AND LOSS ACCOUNT
FOR THR 6 MONTH PERIOD ENDED 30 APRIL 2009
Unaudited Unaudited AuditedYear to
6 Months 6 Months 31 October
30 April 30 April
2009 2008 2008
£ £ £
TURNOVER 252,698 355,418 678,446
Cost of Sales (138,990) (180,209) (340,773)
Gross Profit 113,708 175,209 337,673
Other Operating Expenses (152,330) (190,969) (384,839)
Other Operating Income 13,172 4,635 8,732
OPERATING LOSS (25,450) (11,125) (38,434)
Investment Income 2,760 10,709 20,417
LOSS ON ORDINARYACTIVITIES BEFORE (22,690) (416) (18,017)
TAXATION
Taxation 4,225 (2,487) 1,179
LOSS ON ORDINARYACTIVITIES AFTER (18,465) (2,903) (16,838)
TAXATION
LOSS PER ORDINARY SHARE OF 50p (18.4)p (2,9)p (16,8)p
All operations are continuing.
BALANCE SHEET
AS AT 30 APRIL 2009
Unaudited6 Months Unaudited6 Montlia AuditedYear to
30 April 30 April 31 October
2009 2008 2008
£ £ £
FIXED ASSETS
Tangible Assets 70,674 79,487 74,369
CURRENT ASSETSStocks 227,448 278,581 245,114
Debtors 169,041 79,032 125,800
Investments 4,099 4,099 4,099
Cash at Bank and in Hand 398,392 501,075 449,472
798,980 862,787 824,485
CREDITORS (85,115) (99,721) (70,781)
Amounts fulling due within one
year
NET CURRENT ASSETS 713,665 763,066 753,704
TOTAL ASSETS LESS CURRENT 784,539 842,553 828,073
LIABILITIES
PROVISION FOR LIABILITIES AND (942) (1,556) (1,011)
CHARGES
NET ASSETS 783,597 840,997 827,062
CAPITAL AND RESERVES 50,000 50,000 50,000
Called up Share Capital
Revaluation Reserve 22,128 22,128 22,128
Profit and Loss Account 711,469 760,869 754,934
SHAREHOLDERS' FUNDS 783,597 840,997 827,062
Approved and authorised for
issue by the board on 23 June,
2009
A. Lilley
Director
CASH FLOW STATEMENT
FOR THE 6 MONTH PERIOD ENDED 30 APRIL 2009
Unaudited6Month Unaudited6 Months AuditedYear to
s 30 April 31 October
30 April
2009 2008 2008
£ £ £
Operating Loss (25,450) (11,125) (38,434)
Depreciation of Tangible Assets 4,141 5,186 10,389
(Decrease)/Increase in Stock 17,666 (2,697) 30,770
Increase/(Decrease) in Debtors (39,084) 87,279 43,231
Increase/(Decrease) in Creditors 14,332 (34,069) (29,963)
NET CASH OUTFLOW/INFLOW FROM (28,395) 44,574 15,993
OPERAT1NG ACTIVITIES
RETURN'S ON INVESTMENTS AND 10,634 20,191
SERVICING OF FINANCE 2,680
Interest Received
Dividends Received 80 75 226
2,760 10,709 20,417
TAXATION - -
Corporation Tax Paid (7,645)
CAPITAL EXPENDITUREPurchase of (445) (661) (746)
Fixed Assets
(746)
(445)
(661)
EQUITY DIVIDEND PAID (25,000) - (25,000)
(DECREASE)/INCREASE IN CASH 1N (51,080) 54,622 3,019
PERIOD
RECONCILIAIlON OF NET CASHFLOW TO 54,622 3,019
MOVEMENT IN NET FUNDS
(Decrease)/Increase in Cash (51,080)
Net Funds at 1 November 2008 449,472 446,453 446,453
Net Funds at 30 April 2009 398,392 501,075 449,472
INTERIM REPORT
FOR THE 6 MONTH PERIOD ENDED 30 APRIL 2U09
NOTES
THE INTERIM RESULTS TO 30 APRIL 2009, WHICH ARE UNAUDITED, HAVE BEEN PREPARED IN ACCORDANCE WITH THE ACCOUNTING
policies which will be adopted in the Company's next annual financial statements, which are the same as those policies
used in the preparation of the financial statements for the year ended 31 October 2008.
The interim results do not constitute statutory financial statements as defined in Section 435 of the Companies Act
2006.
Comparative figures for the year ended 31 October 2008 are an abridged version of the Company's full financial
statements, which carry an unqualified audit report, do not contain a statement made under section 237(2) or (3) of the
Companies Act 1985 and have been delivered to the Registrar of Companies.* The credit/charge to taxation relates to UK
direct taxation.* Movement in shareholders funds Unaudited6 months to Unaudited6
months to AuditedYear to
30 April 30 April 31 October
2009 2008 2008
£ £ £
Loss for the period (18,465) (2,903) (16,838)
Final dividends- 25p per share (25,000) (25,000) (25,000)
Net movement inshareholders' (43,465) (27,903) (41,838)
funds
Shareholders' fundsAt 1 827,062 868,900 868,900
November 2008
At, 30 April 2009 783,597 840,997 827,062
The dividends were approved by the annual general meeting held on 11 March 2009 (18 March 2008) and were paid on 14
May 2009 (16 Mny 2008).
