KVL PLumbing Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07518143

Unaudited Financial Statements

for the Period 1 March 2017 to 31 March 2018

for

KVL PLumbing Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Report of the Accountants

7

DIRECTORS:

K V Lloyd

Mrs S Turnbull

REGISTERED OFFICE:

84 The Avenue

Sunbury-On-Thames

Twickenham

Middlesex

TW16 5EX

REGISTERED NUMBER:

07518143

ACCOUNTANTS:

Key Ledgers

C204, 2nd Floor

Cunningham House

19-21 Westfield Lane

Harrow

HA3 9ED

FIXED ASSETS

Tangible assets

4

50,156

64,542

CURRENT ASSETS

Stocks

1,000

1,000

Debtors

5

670,652

221,947

Cash at bank and in hand

67,243

340,734

738,895

563,681

CREDITORS

Amounts falling due within one year

6

141,883

106,763

NET CURRENT ASSETS

597,012

456,918

TOTAL ASSETS LESS CURRENT LIABILITIES

647,168

521,460

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

7

647,068

521,360

647,168

521,460

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 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 8 April 2019 and were signed on its behalf by:

K V Lloyd - Director

1.	STATUTORY INFORMATION

KVL PLumbing Limited is a private company, limited by shares , registered in Not

specified/Other. 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

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance

for obsolete and slow moving items.

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 3 (2017 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 March 2017

and 31 March 2018

86,781

DEPRECIATION

At 1 March 2017

22,239

Charge for period

14,386

At 31 March 2018

36,625

NET BOOK VALUE

At 31 March 2018

50,156

At 28 February 2017

64,542

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

28.2.17

£

£

Trade debtors

191,147

181,080

Other debtors

479,505

40,867

670,652

221,947

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

28.2.17

£

£

Trade creditors

19,089

18,266

Taxation and social security

118,294

83,377

Other creditors

4,500

5,120

141,883

106,763

7.

RESERVES

Retained

earnings

£

At 1 March 2017

521,360

Profit for the period

157,089

Dividends

(31,381

)

At 31 March 2018

647,068

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the period ended

31 March 2018 and the year ended 28 February 2017:

31.3.18

28.2.17

£

£

Mrs S Turnbull and K V Lloyd

Balance outstanding at start of period

31,381

37,939

Amounts advanced

827,129

49,662

Amounts repaid

(388,491

)

(56,220

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of period

470,019

31,381

The following reproduces the text of the report prepared for the directors in respect of the

company's annual unaudited financial statements. In accordance with the Companies Act

2006, the company is only required to file a Balance Sheet. Readers are cautioned that the

Income Statement and certain other primary statements and the Report of the Directors are

not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the period ended 31 March 2018 set out on pages nil to nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Key Ledgers

C204, 2nd Floor

Cunningham House

19-21 Westfield Lane

Harrow

HA3 9ED

8 April 2019