Kingston Enterprises Ltd Filleted accounts for Companies House (small and micro)
Kingston Enterprises Ltd Filleted accounts for Companies House (small and micro)
COMPANY REGISTRATION NUMBER:
SC311046
|
|
|
|
Financial Statements |
Year ended 31 December 2018
Contents |
Page |
Statement of financial position |
1 |
Notes to the financial statements |
3 |
|
Statement of Financial Position |
2018 |
2017 |
||
Note |
£ |
£ |
£ |
Fixed assets
Tangible assets |
6 |
|
|
|
Current assets
Stocks |
|
|
||
Debtors |
7 |
|
|
|
Cash at bank and in hand |
|
|
||
--------- |
--------- |
|||
|
|
|||
Creditors: amounts falling due within one year |
8 |
|
|
|
--------- |
--------- |
|||
Net current assets |
|
|
||
-------- |
-------- |
|||
Total assets less current liabilities |
|
|
||
Provisions
Taxation including deferred tax |
|
|
|
-------- |
-------- |
||
Net assets |
|
|
|
-------- |
-------- |
||
|
Statement of Financial Position (continued) |
2018 |
2017 |
||
Note |
£ |
£ |
£ |
Capital and reserves
Called up share capital |
10 |
|
|
|
Profit and loss account |
|
|
||
-------- |
-------- |
|||
Shareholders funds |
|
|
||
-------- |
-------- |
|||
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings 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
;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
These financial statements were approved by the
board of directors
and authorised for issue on
6 June 2019
, and are signed on behalf of the board by:
|
Director |
Company registration number:
SC311046
|
Notes to the Financial Statements |
Year ended 31 December 2018
1.
General information
The company is a private company limited by shares, registered in Scotland. The address of the registered office is The Abbey, 65 South Clerk Street, Edinburgh, EH8 9PP.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Judgements and key sources of estimation uncertainty
Revenue recognition
Corporation tax
Operating leases
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:
Lease Premium |
- |
|
|
Fixtures & Fittings |
- |
|
|
Equipment |
- |
|
|
Stocks
Financial instruments
Defined contribution plans
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
19
(2017:
18
).
5.
Tax on profit
Major components of tax expense
2018 |
2017 |
|
£ |
£ |
|
Current tax:
UK current tax expense |
|
|
Adjustments in respect of prior periods |
– |
|
------- |
------- |
|
Total current tax |
|
|
------- |
------- |
|
Deferred tax:
Origination and reversal of timing differences |
|
|
------- |
------- |
|
Tax on profit |
|
|
------- |
------- |
|
6.
Tangible assets
Land and buildings |
Fixtures and fittings |
Equipment |
Total |
|
£ |
£ |
£ |
£ |
|
Cost |
||||
At 1 January 2018 |
|
|
|
|
Additions |
– |
– |
|
|
-------- |
-------- |
-------- |
-------- |
|
At 31 December 2018 |
|
|
|
|
-------- |
-------- |
-------- |
-------- |
|
Depreciation |
||||
At 1 January 2018 |
|
|
|
|
Charge for the year |
– |
– |
|
|
-------- |
-------- |
-------- |
-------- |
|
At 31 December 2018 |
|
|
|
|
-------- |
-------- |
-------- |
-------- |
|
Carrying amount |
||||
At 31 December 2018 |
– |
|
|
|
-------- |
-------- |
-------- |
-------- |
|
At 31 December 2017 |
– |
|
|
|
-------- |
-------- |
-------- |
-------- |
|
7.
Debtors
2018 |
2017 |
|
£ |
£ |
|
Other debtors |
|
|
-------- |
-------- |
|
8.
Creditors:
amounts falling due within one year
2018 |
2017 |
|
£ |
£ |
|
Trade creditors |
|
|
Corporation tax |
|
|
Social security and other taxes |
|
|
Other creditors |
|
|
-------- |
-------- |
|
|
|
|
-------- |
-------- |
|
9.
Deferred tax
The deferred tax included in the statement of financial position is as follows:
2018 |
2017 |
|
£ |
£ |
|
Included in provisions |
|
|
---- |
---- |
|
The deferred tax account consists of the tax effect of timing differences in respect of:
2018 |
2017 |
|
£ |
£ |
|
Accelerated capital allowances |
|
|
---- |
---- |
|
10.
Called up share capital
Issued, called up and fully paid
2018 |
2017 |
|||
No. |
£ |
No. |
£ |
|
|
|
520 |
|
520 |
---- |
---- |
---- |
---- |
|
11.
Operating leases
The total future minimum lease payments under non-cancellable operating leases are as follows:
2018 |
2017 |
|
£ |
£ |
|
Not later than 1 year |
|
|
Later than 1 year and not later than 5 years |
|
|
Later than 5 years |
|
|
--------- |
--------- |
|
|
|
|
--------- |
--------- |
|
12.
Transactions with directors