KNR FINANCIAL SERVICES LIMITED

KNR FINANCIAL SERVICES LIMITED

KNR FINANCIAL SERVICES LIMITED - Company Information

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Company Registration No. 10336863 (England and Wales)
KNR FINANCIAL SERVICES LIMITED Unaudited accounts for the year ended 31 August 2018
KNR FINANCIAL SERVICES LIMITED Unaudited accounts Contents
Page
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KNR FINANCIAL SERVICES LIMITED Company Information for the year ended 31 August 2018
Director
Mr K Naheerathan
Company Number
10336863 (England and Wales)
Registered Office
27 HAY LANE KINGSBURY LONDON NW9 0NH United Kingdom
Accountants
MNP Accountants 27 Hay Lane Kingsbury London NW9 0NH
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KNR FINANCIAL SERVICES LIMITED Accountants' report
Accountants' report to the director of KNR FINANCIAL SERVICES LIMITED on the preparation of the unaudited statutory accounts for the year ended 31 August 2018
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of KNR FINANCIAL SERVICES LIMITED for the year ended 31 August 2018 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of KNR FINANCIAL SERVICES LIMITED, as a body, in accordance with the terms of our engagement letter dated 18 August 2016. Our work has been undertaken solely to prepare for your approval the accounts of KNR FINANCIAL SERVICES LIMITED and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than KNR FINANCIAL SERVICES LIMITED and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that KNR FINANCIAL SERVICES LIMITED has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of KNR FINANCIAL SERVICES LIMITED. You consider that KNR FINANCIAL SERVICES LIMITED is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of KNR FINANCIAL SERVICES LIMITED. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
MNP Accountants 27 Hay Lane Kingsbury London NW9 0NH 31 May 2019
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KNR FINANCIAL SERVICES LIMITED Statement of financial position as at 31 August 2018
2018 
2017 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
2,466 
3,082 
Current assets
Debtors
5
2,300 
1,300 
Cash at bank and in hand
3,482 
781 
5,782 
2,081 
Creditors: amounts falling due within one year
6
(10,458)
(7,071)
Net current liabilities
(4,676)
(4,990)
Net liabilities
(2,210)
(1,908)
Capital and reserves
Profit and loss account
(2,210)
(1,908)
Shareholders' funds
(2,210)
(1,908)
For the year ending 31 August 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 31 May 2019.
Mr K Naheerathan Director Company Registration No. 10336863
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KNR FINANCIAL SERVICES LIMITED Notes to the Accounts for the year ended 31 August 2018
1
Statutory information
KNR FINANCIAL SERVICES LIMITED is a private company, limited by shares, registered in England and Wales, registration number 10336863. The registered office is 27 HAY LANE, KINGSBURY, LONDON, NW9 0NH, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
20% Written down value
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 September 2017
3,852 
At 31 August 2018
3,852 
Depreciation
At 1 September 2017
770 
Charge for the year
616 
At 31 August 2018
1,386 
Net book value
At 31 August 2018
2,466 
At 31 August 2017
3,082 
5
Debtors
2018 
2017 
£ 
£ 
Trade debtors
2,300 
1,300 
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KNR FINANCIAL SERVICES LIMITED Notes to the Accounts for the year ended 31 August 2018
6
Creditors: amounts falling due within one year
2018 
2017 
£ 
£ 
Bank loans and overdrafts
4,606 
705 
Trade creditors
658 
1,741 
Loans from directors
3,794 
4,025 
Accruals
1,400 
600 
10,458 
7,071 
7
Average number of employees
During the year the average number of employees was 0 (2017: 0).
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