KENROSS LIMITED Filleted accounts for Companies House (small and micro)

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COMPANY REGISTRATION NUMBER: 02430360

KENROSS LIMITED

Filleted Unaudited Financial Statements

31 March 2018

KENROSS LIMITED

Statement of Financial Position

31 March 2018

	2018		2017
Note	£	£	£

Current assets

Stocks		2,825	8,375
Debtors	6	14,824	3,781
Cash at bank and in hand		38,587	–
		--------	--------
		56,236	12,156

Creditors: amounts falling due within one year	7	54,102		38,430
		--------		--------
Net current assets/(liabilities)			2,134	( 26,274)
			-------	--------
Total assets less current liabilities			2,134	( 26,274)
			-------	--------

Capital and reserves

Called up share capital	100	100
Profit and loss account	2,034	( 26,374)
	-------	--------
Shareholders funds/(deficit)	2,134	( 26,274)
	-------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 March 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 1 July 2019 , and are signed on behalf of the board by:

M Lieblich
Director

Company registration number: 02430360

KENROSS LIMITED

Notes to the Financial Statements

Year ended 31 March 2018

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Hallswelle House, 1 Hallswelle Road, London, NW11 0DH.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Furniture and Equipment	-	Nil

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 1 (2017: 1 ).

5. Tangible assets

	Furniture and Equipment	Total
	£	£
Cost
At 1 April 2017 and 31 March 2018	14,113	14,113
	--------	--------
Depreciation
At 1 April 2017 and 31 March 2018	14,113	14,113
	--------	--------
Carrying amount
At 31 March 2018	–	–
	--------	--------
At 31 March 2017	–	–
	--------	--------

6. Debtors

	2018	2017
	£	£
Trade debtors	2,224	3,781
Other debtors	12,600	–
	--------	-------
	14,824	3,781
	--------	-------

7. Creditors: amounts falling due within one year

	2018	2017
	£	£
Bank loans and overdrafts	–	5,751
Corporation tax	10,182	6,817
Trade and sundry creditors and accruals	43,920	25,862
	--------	--------
	54,102	38,430
	--------	--------