K Richards Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05777855 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1ST MARCH 2017 TO 30TH JUNE 2018

FOR

K RICHARDS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

K R Richards

REGISTERED OFFICE:

25 Grosvenor Road

Wrexham

LL11 1BT

REGISTERED NUMBER:

05777855 (England and Wales)

ACCOUNTANTS:

M. D. Coxey and Co. Limited

Chartered Accountants

25 Grosvenor Road

Wrexham

LL11 1BT

BANKERS:

Barclays Bank plc

PO Box 1330

Flint

Flintshire

CH6 5WJ

FIXED ASSETS

Tangible assets

4

2,904

2,571

CURRENT ASSETS

Debtors

5

7,803

43,198

Cash at bank

11,247

-

19,050

43,198

CREDITORS

Amounts falling due within one year

6

7,125

13,403

NET CURRENT ASSETS

11,925

29,795

TOTAL ASSETS LESS CURRENT LIABILITIES

14,829

32,366

PROVISIONS FOR LIABILITIES

552

514

NET ASSETS

14,277

31,852

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

7

14,276

31,851

SHAREHOLDERS' FUNDS

14,277

31,852

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30th June 2018.

The members have not required the company to obtain an audit of its financial statements for the period ended 30th June 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 11th February 2019 and were signed by:

K R Richards - Director

1.	STATUTORY INFORMATION

K Richards Limited is a private company, limited by shares , registered in England and Wales. The company's

registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

15% on cost

Computer equipment

-

20% on cost

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except

to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws

that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal

of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 (2017 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1st March 2017

1,356

5,557

6,913

Additions

-

1,999

1,999

At 30th June 2018

1,356

7,556

8,912

DEPRECIATION

At 1st March 2017

856

3,486

4,342

Charge for period

200

1,466

1,666

At 30th June 2018

1,056

4,952

6,008

NET BOOK VALUE

At 30th June 2018

300

2,604

2,904

At 28th February 2017

500

2,071

2,571

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.18

28.2.17

£

£

Trade debtors

7,803

40,482

Directors' current accounts

-

2,716

7,803

43,198

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.18

28.2.17

£

£

Bank loans and overdrafts

-

1,610

Barclaycard

22

-

Tax

2,478

8,662

Social security and other taxes

-

126

VAT

-

1,428

Directors' current accounts

3,043

-

Accrued expenses

1,582

1,577

7,125

13,403

7.

RESERVES

Retained

earnings

£

At 1st March 2017

31,851

Profit for the period

10,425

Dividends

(28,000

)

At 30th June 2018

14,276

8.	CAPITAL COMMITMENTS

30.6.18

28.2.17

£

£

Contracted but not provided for in the

financial statements

-

-

9.	ULTIMATE CONTROLLING PARTY

The controlling party is K R Richards.