Kingdom Linens Ltd,Ltd - AccountsLtd - Accounts

Kingdom Linens Ltd,Ltd - AccountsLtd - Accounts

KINGDOM LINENS LIMITED - Company Information

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2017-10-01 SC348689 2018-09-30 SC348689 2017-10-01 2018-09-30 SC348689 2017-09-30 SC348689 2016-10-01 2017-09-30 SC348689 uk-core:WithinOneYear 2017-09-30 SC348689 uk-core:WithinOneYear 2018-09-30 SC348689 uk-core:ShareCapital 2018-09-30 SC348689 uk-core:ShareCapital 2017-09-30 SC348689 uk-core:RetainedEarningsAccumulatedLosses 2018-09-30 SC348689 uk-core:RetainedEarningsAccumulatedLosses 2017-09-30 SC348689 uk-bus:Director1 2017-10-01 2018-09-30 SC348689 uk-core:ComputerEquipment 2017-10-01 2018-09-30 SC348689 uk-core:ToolsEquipment 2017-10-01 2018-09-30 SC348689 uk-core:ToolsEquipment 2017-09-30 SC348689 uk-core:ComputerEquipment 2017-09-30 SC348689 uk-core:ComputerEquipment 2018-09-30 SC348689 uk-core:ToolsEquipment 2018-09-30 iso4217:GBP SC348689 uk-bus:AuditExemptWithAccountantsReport 2017-10-01 2018-09-30 SC348689 uk-bus:FRS102 2017-10-01 2018-09-30 SC348689 uk-bus:FullAccounts 2017-10-01 2018-09-30 SC348689 uk-bus:PrivateLimitedCompanyLtd 2017-10-01 2018-09-30
Kingdom Linens Ltd
Registered Number:SC348689
For the year ended 30 September 2018
Scotland
Unaudited Financial Statements
2
For the year ended 30 September 2018
Kingdom Linens Ltd
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
As at 30 September 2018
Kingdom Linens Ltd
Statement of Financial Position
Registered Number :
SC348689
£
£
2017
2018
Notes
Fixed assets
Property, plant and equipment
368
491
2
368
491
Current assets
Trade and other receivables
899
11
3
6,223
Cash and cash equivalents
15,342
15,353
7,122
Trade and other payables: amounts falling due within one
year
(816)
(1,564)
4
6,306
13,789
Net current assets
Total assets less current liabilities
14,157
6,797
14,157
Net assets
6,797
Capital and reserves
Called up share capital
1
1
Retained earnings
14,156
6,796
14,157
6,797
Shareholders' funds
For the year ended 30 September 2018 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2018 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Gareth Edgar Director
These financial statements were approved and authorised for issue by the Board on 24 January 2019 and were signed by:
The notes form part of these financial statements
1 of 3
4
For the year ended 30 September 2018
Kingdom Linens Ltd
Notes to the Financial Statements
Statutory Information
Kingdom Linens Ltd is a private limited company, limited by shares, domiciled in Scotland, registration number
SC348689.
Registered address:
1 Inverleith Gardens
Edinburgh
EH3 5PU
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A 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 costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Equipment
25% Reducing balance
25% Reducing balance
Computer equipment
2. Property, plant and equipment
Total
Computer
equipment
Equipment
£
£
£
Cost or
valuation
At 01 October 2017
1,988
1,329
659
At 30 September 2018
659
1,329
1,988
Provision for depreciation and impairment
At 01 October 2017
1,497
1,046
451
Charge for year
123
71
52
At 30 September 2018
1,620
1,117
503
At 30 September 2018
Net book value
156
212
368
At 30 September 2017
208
283
491
2 of 3
5
For the year ended 30 September 2018
Kingdom Linens Ltd
Notes to the Financial Statements Continued
3. Trade and other receivables
2017
2018
£
£
Other debtors
11
899
4. Trade and other payables: amounts falling due within one year
2017
2018
£
£
Taxation and social security
748
-
Other creditors
816
816
1,564
816
3 of 3