Kigtek Electrical Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: SC463757 (Scotland)

Unaudited Financial Statements

For The Year Ended 31st December 2018

for

Kigtek Electrical Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

G A Fleming

K J Williamson

I H Murray

SECRETARY:

REGISTERED OFFICE:

8 Douglas Street

Hamilton

Lanarkshire

ML3 0BP

REGISTERED NUMBER:

SC463757 (Scotland)

ACCOUNTANTS:

J.S. Mackie & Co Ltd

8 Douglas Street

Hamilton

Lanarkshire

ML3 0BP

FIXED ASSETS

Tangible assets

4

25,103

3,264

CURRENT ASSETS

Debtors

5

204,719

159,325

Cash at bank

15,618

36,257

220,337

195,582

CREDITORS

Amounts falling due within one year

6

(86,096

)

(84,292

)

NET CURRENT ASSETS

134,241

111,290

TOTAL ASSETS LESS CURRENT LIABILITIES

159,344

114,554

CAPITAL AND RESERVES

Called up share capital

120

120

Retained earnings

159,224

114,434

SHAREHOLDERS' FUNDS

159,344

114,554

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2018 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 26th March 2019 and were signed on its behalf by:

I H Murray - Director

1.	STATUTORY INFORMATION

Kigtek Electrical Limited is a private company, limited by shares , registered in Scotland. The company's

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

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.

Plant and machinery etc

-

25% on reducing balance and 20% on reducing balance

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2017 - 9 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st January 2018

6,688

Additions

30,341

At 31st December 2018

37,029

DEPRECIATION

At 1st January 2018

3,424

Charge for year

8,502

At 31st December 2018

11,926

NET BOOK VALUE

At 31st December 2018

25,103

At 31st December 2017

3,264

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

204,725

159,331

Other debtors

(6

)

(6

)

204,719

159,325

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade creditors

37,481

44,487

Amounts owed to participating interests

13,901

2,081

Taxation and social security

31,671

34,130

Other creditors

3,043

3,594

86,096

84,292