Company Registration No. 10372527 (England and Wales)
3KIN Ltd
Unaudited accounts
for the year ended 30 June 2019
3KIN Ltd
Unaudited accounts
Contents
3KIN Ltd
Company Information
for the year ended 30 June 2019
Directors
Shabbir Ahmed Osman
Rohena Banu Osman
Shakeel Osman
Mehzabeen Shakeel Osman
Company Number
10372527 (England and Wales)
Registered Office
2 Limes Close
Bushby
Leicester
LE7 9SR
England
Accountants
Ghumra & Co Limited
45 Broadway Road
Leicester
LE5 5TB
3KIN Ltd
Statement of financial position
as at 30 June 2019
Intangible assets
4,500
8,250
Tangible assets
60,518
69,988
Cash at bank and in hand
33,073
30,709
Creditors: amounts falling due within one year
(62,990)
(57,326)
Net current assets
13,016
16,193
Total assets less current liabilities
78,034
94,431
Creditors: amounts falling due after more than one year
(150,000)
(150,000)
Net liabilities
(71,966)
(55,569)
Called up share capital
300
300
Profit and loss account
(72,266)
(55,869)
Shareholders' funds
(71,966)
(55,569)
For the year ending 30 June 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 9 March 2020.
Shabbir Ahmed Osman
Director
Company Registration No. 10372527
3KIN Ltd
Notes to the Accounts
for the year ended 30 June 2019
3KIN Ltd is a private company, limited by shares, registered in England and Wales, registration number 10372527. The registered office is 2 Limes Close, Bushby, Leicester, LE7 9SR, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
7% straight line
Plant & machinery
20% straight line
Fixtures & fittings
20% straight line
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
3KIN Ltd
Notes to the Accounts
for the year ended 30 June 2019
4
Intangible fixed assets
Other
5
Tangible fixed assets
Land & buildings
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 July 2018
45,955
22,501
19,938
88,394
Additions
-
250
2,545
2,795
At 30 June 2019
45,955
22,751
22,483
91,189
At 1 July 2018
3,217
7,577
7,612
18,406
Charge for the year
3,217
4,551
4,497
12,265
At 30 June 2019
6,434
12,128
12,109
30,671
At 30 June 2019
39,521
10,623
10,374
60,518
At 30 June 2018
42,738
14,924
12,326
69,988
Deferred tax asset
14,563
-
Other debtors
23,418
34,493
3KIN Ltd
Notes to the Accounts
for the year ended 30 June 2019
8
Creditors: amounts falling due within one year
2019
2018
Obligations under finance leases and hire purchase contracts
-
115
Trade creditors
30,062
28,387
Taxes and social security
22,684
22,681
Other creditors
7,244
6,143
9
Creditors: amounts falling due after more than one year
2019
2018
Other creditors
150,000
150,000
Allotted, called up and fully paid:
300 Ordinary shares of £1 each
300
300
11
Operating lease commitments
2019
2018
At 30 June 2019 the company has commitments under non-cancellable operating leases as follows:
Operating leases expiring:
Within one year
15,300
15,300
12
Average number of employees
During the year the average number of employees was 25 (2018: 19).
