ACCOUNTS - Final Accounts

Registered number: SC509568

KALL BRAND LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2019

KALL BRAND LTD

COMPANY INFORMATION

Directors	M B Kitchin
	R J M Kitchin
	T W Kitchin
	V Southcott


Company secretary	V Southcott


Registered number	SC509568


Registered office	Macdonald House
	108 Commercial Street
	Leith
	Edinburgh
	EH6 6NF


Accountants	EQ Accountants LLP
	Chartered Accountants
	Pentland House
	Saltire Centre
	Glenrothes
	Fife
	KY6 2AH

KALL BRAND LTD

REGISTERED NUMBER: SC509568

STATEMENT OF FINANCIAL POSITION

AS AT 30 JUNE 2019

		2019		2018
		£		£


Current assets
Debtors: amounts falling due within one year	4	666		421
Bank and cash balances		10,718		12,700
		11,384		13,121
Creditors: amounts falling due within one year	5	(899)		(1,627)
Net current assets			10,485		11,494
Total assets less current liabilities			10,485		11,494

Net assets			10,485		11,494

Capital and reserves
Called up share capital	6	2	2
Profit and loss account		10,483	11,492
		10,485	11,494

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 10 December 2019.

V Southcott	M B Kitchin
Director	Director

The notes on pages 2 to 3 form part of these financial statements.

Page 1

KALL BRAND LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2019

1.	General information

The Company is limited by shares and incorporated in Scotland; Registration Number: SC509568. The registered office address is Macdonald House, 108 Commercial Street, Leith, Edinburgh, EH6 6NF.
The financial statements are presented in Sterling which is the functional currency of the Company rounded to the nearest £.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

2.2

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Sale of goods

Turnover from the sale of goods is recognised when all of the following conditions are satisfied:

∙the Company has transferred the significant risks and rewards of ownership to the buyer;

∙the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

∙the amount of turnover can be measured reliably;

∙it is probable that the Company will receive the consideration due under the transaction; and

∙the costs incurred or to be incurred in respect of the transaction can be measured reliably.

2.3

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in the Statement of income and retained earnings when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

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KALL BRAND LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2019

2.Accounting policies (continued)

2.4

Taxation

Tax is recognised in the Statement of income and retained earnings, except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

2.5

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Employees

The average monthly number of employees, including directors, during the year was 4 (2018 - 4).

Debtors

					2019	2018
					£	£


Other debtors	429	421
Other taxation and social security	237	-
	666	421

5.	Creditors: Amounts falling due within one year
		2019	2018
		£	£

Other taxation and social security	-	728
Accruals and deferred income	899	899
	899	1,627

6.	Share capital
		2019	2018
		£	£

Allotted, called up and fully paid

2 Ordinary shares of £1.00 each	2	2

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KALL BRAND LTD

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