Dave Kirkwood Studio Limited - Accounts to registrar - small 17.1

REGISTERED NUMBER: 06603917 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 May 2019

for

Dave Kirkwood Studio Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

D J Kirkwood

SECRETARY:

S D Kirkwood

REGISTERED OFFICE:

Bartiestown

Hethersgill

Carlisle

CA6 6JB

REGISTERED NUMBER:

06603917 (England and Wales)

ACCOUNTANT:

Mr Kevin Moorhouse FCA

6 Royston Avenue

Manchester

M16 8AL

FIXED ASSETS

Tangible assets

4

3,383

4,511

CURRENT ASSETS

Debtors

5

859

859

Cash at bank

234

935

1,093

1,794

CREDITORS

Amounts falling due within one year

6

4,383

4,909

NET CURRENT LIABILITIES

(3,290

)

(3,115

)

TOTAL ASSETS LESS CURRENT LIABILITIES

93

1,396

PROVISIONS FOR LIABILITIES

499

499

NET (LIABILITIES)/ASSETS

(406

)

897

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

(408

)

895

(406

)

897

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 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 director on 28 February 2020 and were signed by:

D J Kirkwood - Director

1.	STATUTORY INFORMATION

Dave Kirkwood Studio 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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.

Plant and machinery etc

-

25% on reducing balance

Taxation

Taxation for the year comprises current and deferred 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 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 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2018 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 June 2018

and 31 May 2019

15,972

DEPRECIATION

At 1 June 2018

11,461

Charge for year

1,128

At 31 May 2019

12,589

NET BOOK VALUE

At 31 May 2019

3,383

At 31 May 2018

4,511

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.19

31.5.18

£

£

Other debtors

859

859

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.19

31.5.18

£

£

Trade creditors

1

-

Taxation and social security

-

(925

)

Other creditors

4,382

5,834

4,383

4,909