Kolmar Limited Filleted accounts for Companies House (small and micro)
Kolmar Limited Filleted accounts for Companies House (small and micro)
COMPANY REGISTRATION NUMBER:
02637912
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FINANCIAL STATEMENTS |
YEAR ENDED 31 OCTOBER 2018
CONTENTS |
PAGE |
Statement of financial position |
1 |
Notes to the financial statements |
3 |
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STATEMENT OF FINANCIAL POSITION |
2018 |
2017 |
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Note |
£ |
£ |
£ |
FIXED ASSETS
Tangible assets |
6 |
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CURRENT ASSETS
Stocks |
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Debtors |
7 |
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Cash at bank and in hand |
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CREDITORS: amounts falling due within one year |
8 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
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NET ASSETS |
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STATEMENT OF FINANCIAL POSITION (continued) |
2018 |
2017 |
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Note |
£ |
£ |
£ |
CAPITAL AND RESERVES
Called up share capital |
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Capital redemption reserve |
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Profit and loss account |
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SHAREHOLDERS FUNDS |
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In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.
Directors' 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
;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
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These financial statements were approved by the
board of directors
and authorised for issue on
31 July 2019
, and are signed on behalf of the board by:
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Director |
Company registration number:
02637912
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NOTES TO THE FINANCIAL STATEMENTS |
YEAR ENDED 31 OCTOBER 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 Unit 4, Southbrook Mews, Lee, London, SE12 8LG, United Kingdom.
2.
STATEMENT OF COMPLIANCE
3.
ACCOUNTING POLICIES
Basis of preparation
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.
Revenue recognition
Taxation
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:
Freehold property |
- |
Not depreciated |
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Plant and 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
Finance leases and hire purchase contracts
Financial instruments
Defined contribution plans
4.
EMPLOYEE NUMBERS
The average number of persons employed by the company during the year amounted to
22
(2017:
22
).
5.
TAX ON PROFIT/(LOSS)
Major components of tax expense
2018 |
2017 |
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£ |
£ |
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Current tax:
UK current tax expense |
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Tax on profit/(loss) |
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6.
TANGIBLE ASSETS
Land and buildings |
Plant and machinery |
Total |
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£ |
£ |
£ |
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Cost |
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At 1 November 2017 and 31 October 2018 |
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Depreciation |
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At 1 November 2017 |
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Charge for the year |
– |
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At 31 October 2018 |
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Carrying amount |
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At 31 October 2018 |
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At 31 October 2017 |
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7.
DEBTORS
2018 |
2017 |
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£ |
£ |
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Trade debtors |
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Other debtors |
(
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8.
CREDITORS:
amounts falling due within one year
2018 |
2017 |
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£ |
£ |
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Bank loans and overdrafts |
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– |
Trade creditors |
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Corporation tax |
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Social security and other taxes |
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– |
Other creditors |
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