Kinder Developments Ltd Filleted accounts for Companies House (small and micro)
Kinder Developments Ltd Filleted accounts for Companies House (small and micro)
COMPANY REGISTRATION NUMBER:
09802817
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Financial Statements |
Year ended 30 September 2018
Contents |
Page |
Officers and professional advisers |
1 |
Statement of financial position |
2 |
Notes to the financial statements |
4 |
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Officers and Professional Advisers |
Director |
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Registered office |
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Accountants |
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Prospect House |
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121 Bury Old Road |
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Whitefield |
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Manchester |
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M45 7AY |
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Company number
09802817
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Statement of Financial Position |
2018 |
2017 |
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Note |
£ |
£ |
£ |
Fixed assets
Tangible assets |
4 |
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Current assets
Stocks |
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Debtors |
5 |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
6 |
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Net current liabilities |
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Total assets less current liabilities |
(
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(
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Net liabilities |
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(
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Capital and reserves
Called up share capital |
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Profit and loss account |
(
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(
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Shareholder deficit |
(
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(
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In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
Director's responsibilities:
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The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
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The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
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Statement of Financial Position (continued) |
These financial statements were approved by the
board of directors
and authorised for issue on
12 April 2019
, and are signed on behalf of the board by:
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Director |
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Company registration number:
09802817
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Notes to the Financial Statements |
Year ended 30 September 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 Prospect House, 121 Bury Old Road, Whitefield, Manchester, M45 7AY.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
The company is being financially supported by the director. The loan provided by the director would not be repaid in the foreseeable future, therefore the director considers it appropriate to prepare the financial statements on the going concern basis.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Tangible assets
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:
Plant & Machinery |
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Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Stocks
4.
Tangible assets
Plant and machinery |
Total |
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£ |
£ |
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Cost |
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At 1 October 2017 and 30 September 2018 |
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Depreciation |
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At 1 October 2017 |
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Charge for the year |
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At 30 September 2018 |
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Carrying amount |
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At 30 September 2018 |
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At 30 September 2017 |
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5.
Debtors
2018 |
2017 |
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£ |
£ |
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Other debtors |
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6.
Creditors:
amounts falling due within one year
2018 |
2017 |
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£ |
£ |
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Trade creditors |
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Social security and other taxes |
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Other creditors |
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7.
Director transactions
At 30 September 2018, the company owed £958,846 (30 September 2017: £582,488) to the director of the company. The amounts are interest free and repayable on demand.