KJT Athletic Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08674715 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2020

for

KJT Athletic Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Chartered Accountants' Report

5

DIRECTORS:

Miss K M Johnson-Thompson

Ms T E Johnson

REGISTERED OFFICE:

Barnston House

Beacon Lane

Heswall

Wirral

CH60 0EE

REGISTERED NUMBER:

08674715 (England and Wales)

ACCOUNTANTS:

Dufton Kellner Limited

Chartered Accountants

Barnston House

Beacon Lane

Heswall

Wirral

Merseyside

CH60 0EE

FIXED ASSETS

Tangible assets

4

3,294

2,636

CURRENT ASSETS

Debtors

5

549,730

318,747

Cash at bank

1,339,786

987,105

1,889,516

1,305,852

CREDITORS

Amounts falling due within one year

6

481,701

323,044

NET CURRENT ASSETS

1,407,815

982,808

TOTAL ASSETS LESS CURRENT LIABILITIES

1,411,109

985,444

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

1,411,009

985,344

SHAREHOLDERS' FUNDS

1,411,109

985,444

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2020 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 and authorised for issue on 8 September 2020 and were signed on its behalf by:

Miss K M Johnson-Thompson - Director

1.	STATUTORY INFORMATION

KJT Athletic 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2019 - NIL).

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2019

4,559

Additions

2,155

At 31 March 2020

6,714

DEPRECIATION

At 1 April 2019

1,923

Charge for year

1,497

At 31 March 2020

3,420

NET BOOK VALUE

At 31 March 2020

3,294

At 31 March 2019

2,636

5.

DEBTORS

31.3.20

31.3.19

£

£

Amounts falling due within one year:

Trade debtors

201,969

144,000

PAYE recoverable

-

570

Director's loan account

294,263

153,452

Prepayments

438

15,750

496,670

313,772

31.3.20

31.3.19

£

£

Amounts falling due after more than one year:

S455 tax recoverable

53,060

4,975

Aggregate amounts

549,730

318,747

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.20

31.3.19

£

£

Trade creditors

39,043

38,750

Corporation tax

180,373

156,971

Social security and other taxes

788

-

VAT

80,667

15,866

Director's loan account

23

324

Deferred income

151,792

105,000

Accrued expenses

29,015

6,133

481,701

323,044

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2020 and

31 March 2019:

31.3.20

31.3.19

£

£

Miss K M Johnson-Thompson

Balance outstanding at start of year

153,452

157,851

Amounts advanced

305,300

138,601

Amounts repaid

(164,489

)

(143,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

294,263

153,452

The loan due from the director to the company is unsecured, interest free and repayable on demand.

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.

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

financial statements of KJT Athletic Limited for the year ended 31 March 2020 which comprise the Income Statement,

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 Board of Directors of KJT Athletic Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of KJT Athletic Limited and state those matters that we have agreed to state to the Board of Directors of KJT Athletic Limited, as a body, 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 KJT Athletic Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that KJT Athletic 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 KJT Athletic Limited. You consider that KJT Athletic 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 KJT Athletic 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.

Dufton Kellner Limited

Chartered Accountants

Barnston House

Beacon Lane

Heswall

Wirral

Merseyside

CH60 0EE

8 September 2020