Kmc Collections Ltd - Accounts to registrar (filleted) - small 18.2

Kmc Collections Ltd - Accounts to registrar (filleted) - small 18.2

KMC COLLECTIONS LTD - Company Information

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REGISTERED NUMBER: 09056770 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MAY 2019

FOR

KMC COLLECTIONS LTD
KMC COLLECTIONS LTD (REGISTERED NUMBER: 09056770)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MAY 2019




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


KMC COLLECTIONS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MAY 2019







DIRECTORS: S Kapoor
Miss C Kapoor
Mrs A P Kapoor





REGISTERED OFFICE: Unit 1 Ground floor
30-32 Knowsley street
Manchester
Lancashire
M8 8HQ





REGISTERED NUMBER: 09056770 (England and Wales)





ACCOUNTANTS: DBF Associates
Chartered Accountants
South Cheetham B C
10 Park Place
Manchester
Lancashire
M4 4EY
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KMC COLLECTIONS LTD (REGISTERED NUMBER: 09056770)

BALANCE SHEET
31ST MAY 2019

2019 2018
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,840 3,550

CURRENT ASSETS
Stocks 146,128 122,400
Debtors 5 - 121
Cash at bank and in hand 60,033 13,959
206,161 136,480
CREDITORS
Amounts falling due within one year 6 194,007 116,289
NET CURRENT ASSETS 12,154 20,191
TOTAL ASSETS LESS CURRENT
LIABILITIES
14,994
23,741

CAPITAL AND RESERVES
Called up share capital 7 5 5
Retained earnings 8 14,989 23,736
SHAREHOLDERS' FUNDS 14,994 23,741

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st May 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 2019 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.

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 23rd January 2020 and were signed on its behalf
by:





S Kapoor - Director


The notes form part of these financial statements

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KMC COLLECTIONS LTD (REGISTERED NUMBER: 09056770)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MAY 2019

1. STATUTORY INFORMATION

Kmc Collections Ltd 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.

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2018 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1st June 2018
and 31st May 2019 6,934
DEPRECIATION
At 1st June 2018 3,384
Charge for year 710
At 31st May 2019 4,094
NET BOOK VALUE
At 31st May 2019 2,840
At 31st May 2018 3,550

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Other debtors - 121

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KMC COLLECTIONS LTD (REGISTERED NUMBER: 09056770)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MAY 2019

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Trade creditors 101,980 100,632
Taxation and social security 48,123 15,657
Other creditors 43,904 -
194,007 116,289

7. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2019 2018
value: £    £   
5 Ordinary 1 5 5

8. RESERVES
Retained
earnings
£   

At 1st June 2018 23,736
Profit for the year 36,253
Dividends (45,000 )
At 31st May 2019 14,989

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