David Killoh Meat Co. Ltd - Accounts to registrar (filleted) - small 18.2
David Killoh Meat Co. Ltd - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended |
| 30 September 2019 |
| for |
| David Killoh Meat Co. Ltd |
| David Killoh Meat Co. Ltd (Registered number: SC300589) |
| Contents of the Financial Statements |
| for the Year Ended 30 September 2019 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| Report of the Accountants | 6 |
| David Killoh Meat Co. Ltd |
| Company Information |
| for the Year Ended 30 September 2019 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Acumen House |
| Grange Road |
| Peterhead |
| Aberdeenshire |
| AB42 1WN |
| David Killoh Meat Co. Ltd (Registered number: SC300589) |
| Balance Sheet |
| 30 September 2019 |
| 2019 | 2018 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 5 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 6 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
| CREDITORS |
| Amounts falling due after more than one year | 8 | ( |
) | ( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET (LIABILITIES)/ASSETS | ( |
) |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) |
| 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. |
| 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 Board of Directors and authorised for issue on behalf by: |
| David Killoh Meat Co. Ltd (Registered number: SC300589) |
| Notes to the Financial Statements |
| for the Year Ended 30 September 2019 |
| 1. | STATUTORY INFORMATION |
| David Killoh Meat Co. Ltd is a |
| number and registered office address can be found on the Company Information page. |
| 2. | STATEMENT OF COMPLIANCE |
| 3. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| The financial statements has been prepared under the historical cost convention. |
| The presentation currency is sterling. |
| 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 |
| Tenants improvements | - |
| Plant and machinery etc | - |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving |
| items. |
| 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. |
| Hire purchase and leasing commitments |
| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
| Pension costs and other post-retirement benefits |
| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are |
| charged to profit or loss in the period to which they relate. |
| Foreign currencies |
| Profit and loss account transactions in foreign currencies are translated into sterling at the exchange rate ruling at the date of |
| the transaction. Assets and liabilities, denominated in foreign currencies are translated into sterling at the closing rates at the |
| balance sheet date and the exchange differences are included in the profit and loss account. |
| Operating leases |
| Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the term of the |
| lease. |
| David Killoh Meat Co. Ltd (Registered number: SC300589) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 September 2019 |
| 4. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 5. | TANGIBLE FIXED ASSETS |
| Plant and |
| Tenants | machinery |
| improvements | etc | Totals |
| £ | £ | £ |
| COST |
| At 1 October 2018 |
| Additions |
| Disposals | ( |
) | ( |
) |
| At 30 September 2019 |
| DEPRECIATION |
| At 1 October 2018 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) |
| At 30 September 2019 |
| NET BOOK VALUE |
| At 30 September 2019 |
| At 30 September 2018 |
| Included within the total net book value of tangible fixed assets is £Nil (2018 - £15,285) in respect of assets held under |
| finance leases and similar hire purchase contracts. Depreciation for the year on these assets was £Nil (2018 - £5,095). |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2019 | 2018 |
| £ | £ |
| Trade debtors |
| Other debtors |
| Directors' current accounts | 9,661 | - |
| Prepayments |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2019 | 2018 |
| £ | £ |
| Bank loans and overdrafts |
| Loan due > 1 year |
| Hire purchase contracts |
| Trade creditors |
| Corporation tax |
| Social security and other taxes |
| Other creditors |
| Directors' current accounts | - | 83 |
| Accrued expenses |
| The loan from the director is interest free with no fixed terms of repayment. |
| David Killoh Meat Co. Ltd (Registered number: SC300589) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 September 2019 |
| 8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2019 | 2018 |
| £ | £ |
| Hire purchase contracts |
| 9. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to a director subsisted during the years ended 30 September 2019 and |
| 30 September 2018: |
| 2019 | 2018 |
| £ | £ |
| Balance outstanding at start of year | ( |
) | ( |
) |
| Amounts advanced |
| Amounts repaid | ( |
) | ( |
) |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of year | ( |
) |
| 10. | RELATED PARTY DISCLOSURES |
| David Killoh, has provided a personal guarantee for £20,000 to the Royal Bank of Scotland. |
| 11. | ULTIMATE CONTROLLING PARTY |
| David Killoh, director, is the ultimate controlling party. |
| David Killoh Meat Co. Ltd |
| Report of the Accountants to the Directors of |
| David Killoh Meat Co. Ltd |
| The following reproduces the text of the report prepared for the directors 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 Directors are |
| not required to be filed with the Registrar of Companies. |
| As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30 September 2019 set out on pages nil to nil and you consider that the company is exempt from an audit. |
| In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us. |
| Acumen House |
| Grange Road |
| Peterhead |
| Aberdeenshire |
| AB42 1WN |