Koala Accounting Services Limited - Accounts to registrar (filleted) - small 18.2

Koala Accounting Services Limited - Accounts to registrar (filleted) - small 18.2

KOALA ACCOUNTING SERVICES LIMITED - Company Information

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IRIS Accounts Production v19.1.2.3 03186146 Board of Directors 1.10.17 30.9.18 30.9.18 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure031861462017-09-30031861462018-09-30031861462017-10-012018-09-30031861462016-09-30031861462016-10-012017-09-30031861462017-09-3003186146ns15:EnglandWales2017-10-012018-09-3003186146ns14:PoundSterling2017-10-012018-09-3003186146ns10:Director12017-10-012018-09-3003186146ns10:PrivateLimitedCompanyLtd2017-10-012018-09-3003186146ns10:SmallEntities2017-10-012018-09-3003186146ns10:AuditExempt-NoAccountantsReport2017-10-012018-09-3003186146ns10:SmallCompaniesRegimeForDirectorsReport2017-10-012018-09-3003186146ns10:SmallCompaniesRegimeForAccounts2017-10-012018-09-3003186146ns10:FullAccounts2017-10-012018-09-3003186146ns10:OrdinaryShareClass12017-10-012018-09-3003186146ns10:Director22017-10-012018-09-3003186146ns10:RegisteredOffice2017-10-012018-09-3003186146ns5:CurrentFinancialInstruments2018-09-3003186146ns5:CurrentFinancialInstruments2017-09-3003186146ns5:ShareCapital2018-09-3003186146ns5:ShareCapital2017-09-3003186146ns5:RetainedEarningsAccumulatedLosses2018-09-3003186146ns5:RetainedEarningsAccumulatedLosses2017-09-3003186146ns5:PlantMachinery2017-10-012018-09-3003186146ns5:ComputerEquipment2017-09-3003186146ns5:ComputerEquipment2017-10-012018-09-3003186146ns5:ComputerEquipment2018-09-3003186146ns5:ComputerEquipment2017-09-3003186146ns5:CurrentFinancialInstrumentsns5:WithinOneYear2018-09-3003186146ns5:CurrentFinancialInstrumentsns5:WithinOneYear2017-09-3003186146ns10:OrdinaryShareClass12018-09-30


REGISTERED NUMBER: 03186146 (England and Wales)



UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2018

FOR

KOALA ACCOUNTING SERVICES LIMITED
KOALA ACCOUNTING SERVICES LIMITED (REGISTERED NUMBER: 03186146)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


KOALA ACCOUNTING SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2018







DIRECTORS: Ms C Broderick
K P Messere





REGISTERED OFFICE: The Lodge
16 Page Heath Lane
Bickley
Kent
BR1 2DS





REGISTERED NUMBER: 03186146 (England and Wales)





ACCOUNTANTS: Lucentum Business Services Ltd
Kingfisher House
11 Hoffmanns Way
Chelmsford
Essex
CM1 1GU
Page 1
KOALA ACCOUNTING SERVICES LIMITED (REGISTERED NUMBER: 03186146)

BALANCE SHEET
30 SEPTEMBER 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 1,139 801

CURRENT ASSETS
Debtors 6 27,228 22,228
Cash at bank 678 5,314
27,906 27,542
CREDITORS
Amounts falling due within one year 7 34,895 25,867
NET CURRENT (LIABILITIES)/ASSETS (6,989 ) 1,675
TOTAL ASSETS LESS CURRENT
LIABILITIES
(5,850
)
2,476

CAPITAL AND RESERVES
Called up share capital 8 2 2
Retained earnings (5,852 ) 2,474
SHAREHOLDERS' FUNDS (5,850 ) 2,476

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 30 September 2019 and were signed on
its behalf by:





K P Messere - Director


The notes form part of these financial statements

Page 2
KOALA ACCOUNTING SERVICES LIMITED (REGISTERED NUMBER: 03186146)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2018

1. STATUTORY INFORMATION

Koala Accounting Services 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.

The presentation currency of the financial statements is the Pound Sterling (£).


Monetary amounts in the financial statements have been rounded to the nearest whole £.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

First year adoption of Financial Reporting Standard 102 ( FRS 102) Section 1A
These financial statements for the year ended 30 September 2018 are the first that are prepared in
accordance with FRS 102 Section 1A. The previous financial statements were prepared in accordance
with UK GAAP, the date of transition to FRS 102 Section 1A is 1 October 2016.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts,
rebates, value added tax and other sales taxes.

The company recognises revenue when the amount of revenue can be measured reliably, when it is
probable that future economic benefits will flow to the entity and when specific criteria have been met.

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 etc - 25% on cost

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition
of financial assets and liabilities like trade and other accounts receivable and payable, loans from
banks and other third parties, loans to related parties and investments in non-puttable ordinary
shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each
reporting period for objective evidence of impairment. If objective evidence of impairment is found,
an impairment loss is recognised in profit or loss.

Taxation
Taxation for the year comprises 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 axation 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.

Page 3 continued...
KOALA ACCOUNTING SERVICES LIMITED (REGISTERED NUMBER: 03186146)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2018

3. ACCOUNTING POLICIES - continued

Going concern
At the balance sheet date the company had net liabilities. The directors have agreed to provide
ongoing financial support to the company to enable it to meet its liabilities as they fall due. Accordingly,
these financial statements have been prepared on a going concern basis.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2017 - 3 ) .

5. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 October 2017 6,868
Additions 1,196
At 30 September 2018 8,064
DEPRECIATION
At 1 October 2017 6,067
Charge for year 858
At 30 September 2018 6,925
NET BOOK VALUE
At 30 September 2018 1,139
At 30 September 2017 801

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade debtors 5,000 -
Other debtors 22,228 22,228
27,228 22,228

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Tax 15,698 15,289
VAT 2,247 -
Other creditors 5,565 9,225
Credit Card 2,020 -
Directors' current accounts 7,265 393
Accrued expenses 2,100 960
34,895 25,867

Page 4 continued...
KOALA ACCOUNTING SERVICES LIMITED (REGISTERED NUMBER: 03186146)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2018

8. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2018 2017
value: £    £   
2 Ordinary £1 2 2

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year a loan account subsisted between the company and its directors. At the balance sheet
date the company owed the directors £7,265 (2017 - £393) which is shown within creditors.

No interest has been charged on this loan.

10. FIRST YEAR ADOPTION

There were no changes in the balance sheet and/or the income statement with the adoption of Section
1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable
in the UK and the Republic of Ireland".

Page 5