Kellem Shopfitters Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 02743162 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 August 2018

for

KELLEM SHOPFITTERS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

J D Gibson

SECRETARY:

D Moran

REGISTERED OFFICE:

Peppers Lodge Road

Hazeleigh

Chelmsford

CM3 6QX

REGISTERED NUMBER:

02743162 (England and Wales)

ACCOUNTANTS:

Gilroy and Brookes Accountants Limited

Suite 15

The Enterprise Centre

Coxbridge Business Park

Farnham

Surrey

GU10 5EH

FIXED ASSETS

Tangible assets

4

4,415

3,554

CURRENT ASSETS

Debtors

5

49,743

35,597

Cash at bank

22,036

11,852

71,779

47,449

CREDITORS

Amounts falling due within one year

6

(59,968

)

(50,444

)

NET CURRENT ASSETS/(LIABILITIES)

11,811

(2,995

)

TOTAL ASSETS LESS CURRENT LIABILITIES

16,226

559

CAPITAL AND RESERVES

Called up share capital

7

100

100

Retained earnings

8

16,126

459

SHAREHOLDERS' FUNDS

16,226

559

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2018 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps 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 Sections 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.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 21 May 2019 and were signed on its behalf by:

J D Gibson - Director

1.	STATUTORY INFORMATION

Kellem Shopfitters Limited is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the

extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2017 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 September 2017

780

4,293

9,594

12,946

27,613

Additions

-

2,333

-

-

2,333

At 31 August 2018

780

6,626

9,594

12,946

29,946

DEPRECIATION

At 1 September 2017

772

3,699

6,922

12,666

24,059

Charge for year

2

732

668

70

1,472

At 31 August 2018

774

4,431

7,590

12,736

25,531

NET BOOK VALUE

At 31 August 2018

6

2,195

2,004

210

4,415

At 31 August 2017

8

594

2,672

280

3,554

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.18

31.8.17

£

£

Trade debtors

48,935

35,597

PAYE/NI Liability

808

-

49,743

35,597

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.18

31.8.17

£

£

Tax

17,451

13,126

PAYE/NI liability

-

356

VAT

17,454

16,712

Directors' current accounts

24,401

19,400

Accrued expenses

662

850

59,968

50,444

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.18

31.8.17

value:

£

£

75

Ordinary shares A

1

75

75

25

Ordinary shares B

1

25

25

100

100

8.

RESERVES

Retained

earnings

£

At 1 September 2017

459

Profit for the year

75,667

Dividends

(60,000

)

At 31 August 2018

16,126

9.	ULTIMATE CONTROLLING PARTY

The Company is under the control of J D Gibson, who holds 75% of the issued share capital.

J D Gibson is also the director of the company.