Kestner Chemical Pumps Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07623912 (England and Wales)

KESTNER CHEMICAL PUMPS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2018

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

A LaMoury

F H Shaw

Gillingham Engineering Company Limited

SECRETARY:

L E LaMoury

REGISTERED OFFICE:

Hilden Park House

79 Tonbridge Road

Hildenborough

Kent

TN11 9BH

REGISTERED NUMBER:

07623912 (England and Wales)

CURRENT ASSETS

Stocks

82,422

109,834

Debtors

390,464

402,330

Cash at bank

82,489

53,237

555,375

565,401

CREDITORS

Amounts falling due within one year

88,347

100,283

NET CURRENT ASSETS

467,028

465,118

TOTAL ASSETS LESS CURRENT LIABILITIES

467,028

465,118

CAPITAL AND RESERVES

Called up share capital

10,000

10,000

Retained earnings

457,028

455,118

SHAREHOLDERS' FUNDS

467,028

465,118

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 December 2018 in accordance with Section 444(2A) of the Companies Act 2006.

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 23 September 2019 and were signed on its behalf by:

A LaMoury - Director

1.	STATUTORY INFORMATION

Kestner Chemical Pumps 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

-

10% on cost

Motor vehicles

-

25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

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.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date. Timing differences arise from the inclusion of income and expenses in tax assessments in periods

different from those in which they are recognised in financial statements. Deferred tax is measured using tax

rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to

the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2017 - 8 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2018

and 31 December 2018

45,000

DEPRECIATION

At 1 January 2018

and 31 December 2018

45,000

NET BOOK VALUE

At 31 December 2018

-

At 31 December 2017

-

5.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Gillingham Engineering Company Limited.

The company is under the control of Gillingham Engineering Co Limited, which owns 75% of the share capital

of the Company.