Kimberlee Limited - Accounts to registrar (filleted) - small 18.2

Kimberlee Limited - Accounts to registrar (filleted) - small 18.2

KIMBERLEE LIMITED - Company Information

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REGISTERED NUMBER: 06006082 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2018

FOR

KIMBERLEE LIMITED
KIMBERLEE LIMITED (REGISTERED NUMBER: 06006082)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


KIMBERLEE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2018







DIRECTOR: N Kimberlee





SECRETARY: Miss C Slade





REGISTERED OFFICE: Hunt House Farm
Frith Common
Tenbury Wells
Worcestershire
WR15 8JY





REGISTERED NUMBER: 06006082 (England and Wales)





ACCOUNTANTS: Kimberlee & Co
Chartered Accountants
C/O Hunt House Farm
Frith Common
Tenbury Wells
Worcestershire
WR15 8JY
Page 1
KIMBERLEE LIMITED (REGISTERED NUMBER: 06006082)

BALANCE SHEET
31 DECEMBER 2018

31.12.18 31.12.17
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 44,000 49,500

CURRENT ASSETS
Stocks 223,859 206,666
Debtors 5 116,048 113,777
Cash at bank 41,469 20,253
381,376 340,696
CREDITORS
Amounts falling due within one year 6 289,077 277,132
NET CURRENT ASSETS 92,299 63,564
TOTAL ASSETS LESS CURRENT
LIABILITIES
136,299
113,064

CAPITAL AND RESERVES
Called up share capital 1,100 1,100
Retained earnings 135,199 111,964
136,299 113,064

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 director acknowledges his 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.

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

The financial statements were approved by the director on 29 September 2019 and were signed by:





N Kimberlee - Director


The notes form part of these financial statements

Page 2
KIMBERLEE LIMITED (REGISTERED NUMBER: 06006082)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2018

1. STATUTORY INFORMATION

Kimberlee 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
Represents the estimated realisable value of work completed during the period.

Goodwill
Goodwill was the amount paid in connection with the acquisition of the business in 2007 and was originally
being amortised evenly over it's estimated useful life of 20 years. Following the introduction of FRS102, the
director still believes the carrying value of the goodwill exceeds the recoverable amount and consequently
intends to continue the existing policy of amortising goodwill over it's remaining estimated useful life.

Stocks
Work in progress is valued at the lower of cost and estimated realisable value. Cost is calculated as the estimated
amount that will be received form the work completed less all further costs necessary to realise that income.

Taxation
Taxation for the year comprises of current 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 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.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension
scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2017 - 5 ) .

Page 3 continued...
KIMBERLEE LIMITED (REGISTERED NUMBER: 06006082)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2018

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2018
and 31 December 2018 110,000
AMORTISATION
At 1 January 2018 60,500
Charge for year 5,500
At 31 December 2018 66,000
NET BOOK VALUE
At 31 December 2018 44,000
At 31 December 2017 49,500

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.18 31.12.17
£    £   
Trade debtors 106,513 105,306
Other debtors 9,535 8,471
116,048 113,777

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.18 31.12.17
£    £   
Trade creditors 8,903 8,434
Taxation and social security 50,613 49,267
Other creditors 229,561 219,431
289,077 277,132

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The director, Mr N. Kimberlee, maintains a loan account with the company. The balance due from the company
to him at 31 December, 2018 was £134,915 (2017 £128,420).

8. RELATED PARTY DISCLOSURES

Included in the accounts is a £28,000 charge from Kimberlee Accounting Services. The proprietor of Kimberlee
Accounting Services is Mr N Kimberlee.

9. CONTROLLING PARTY

The controlling party is Mr N I Kimberlee by virtue of his ownership of the ordinary share capital of the
business.

Page 4