Klank Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 09187811 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 August 2019

for

Klank Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Chartered Accountants' Report

6

DIRECTOR:

N B Avery

REGISTERED OFFICE:

Old Felixstowe House

Marsh Lane

Felixstowe

Suffolk

IP11 9RR

REGISTERED NUMBER:

09187811 (England and Wales)

ACCOUNTANTS:

Lanham and Company Limited

Chartered Accountants

9 Great Chesterford Court

London Road

Great Chesterford

Essex

CB10 1PF

FIXED ASSETS

Tangible assets

3

1,547

1,220

CURRENT ASSETS

Debtors

4

1,615

Cash at bank

24,857

31,944

26,472

33,559

CREDITORS

Amounts falling due within one year

5

18,501

25,178

NET CURRENT ASSETS

7,971

8,381

TOTAL ASSETS LESS CURRENT
LIABILITIES

9,518

9,601

CAPITAL AND RESERVES

Called up share capital

6

100

Retained earnings

9,418

9,501

SHAREHOLDERS' FUNDS

9,518

9,601

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2019 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director on 10 February 2020 and were signed by:

N B Avery - Director

1.	STATUTORY INFORMATION

Klank 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.

Revenue recognition

Revenue is measured at the fair value of the consideration received or receivable net of VAT and trade discounts.

Revenue from the rendering of services is only recognised when the outcome of a transaction can be estimated

reliably and is then recognised according to the stage of completion of the transaction at the end of the reporting

period.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

20% on cost

Computer equipment

-

33% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and

Retained Earnings, 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

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.

Financial instruments

Financial assets and liabilities are recognised when the company becomes a party to the contractual provisions of

the instrument.

Trade debtors and creditors are classed as basic financial instruments and are initially measured at transaction

price.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank

and short-term deposits with an original maturity date of three months or less.

Loans and borrowings are classified as basic financial instruments and are initially recognised at the transaction

price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest

rate method, less impairment. If an arrangement constitutes a financing transaction it is measured at the present

value of future payments discounted at a market rate of interest for a similar debt instrument, unless exempt from

such treatment.

3.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

COST

At 1 September 2018

1,838

2,614

4,452

Additions

-

1,041

At 31 August 2019

1,838

3,655

5,493

DEPRECIATION

At 1 September 2018

618

2,614

3,232

Charge for year

368

346

714

At 31 August 2019

986

2,960

3,946

NET BOOK VALUE

At 31 August 2019

852

695

1,547

At 31 August 2018

1,220

-

1,220

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.19

31.8.18

£

Other debtors

1,615

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.19

31.8.18

£

Taxation

9,029

21,634

VAT

7,848

2,362

Other creditors

233

-

Directors' current accounts

790

582

Accrued expenses

601

600

18,501

25,178

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.19

31.8.18

value:

£

100

Ordinary

£1

100

7.	ULTIMATE CONTROLLING PARTY

The controlling party is N B Avery.

The following reproduces the text of the report prepared for the director in respect of the company's annual

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file

a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the

Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Klank Limited for the year ended 31 August 2019 which comprise the Statement of Income and

Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information

and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Klank Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Klank Limited and state those matters that we have agreed to state to the director of Klank Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Klank Limited and its director for our work or for this report.

It is your duty to ensure that Klank Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Klank Limited. You consider that Klank Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Klank Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Lanham and Company Limited

Chartered Accountants

9 Great Chesterford Court

London Road

Great Chesterford

Essex

CB10 1PF

10 February 2020

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

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