K K Developers Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07410657 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 October 2019

for

K K Developers Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Ms Y Michael

REGISTERED OFFICE:

2nd Floor, Woodgate Studios

2-8 Games Road

Barnet

EN4 9HN

REGISTERED NUMBER:

07410657 (England and Wales)

FIXED ASSETS

Tangible assets

4

2,168

2,072

CURRENT ASSETS

Work-in-progress

359,347

382,141

Debtors

5

466,024

192,747

Cash at bank

66,868

919

892,239

575,807

CREDITORS

Amounts falling due within one year

6

706,711

409,435

NET CURRENT ASSETS

185,528

166,372

TOTAL ASSETS LESS CURRENT LIABILITIES

187,696

168,444

PROVISIONS FOR LIABILITIES

7

146

-

NET ASSETS

187,550

168,444

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

187,549

168,443

187,550

168,444

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 director and authorised for issue on 22 October 2020 and were signed by:

Ms Y Michael - Director

1.	STATUTORY INFORMATION

K K Developers 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.

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing

work-in-progress to their present location and condition.

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 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2018 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 November 2018

5,400

Additions

600

At 31 October 2019

6,000

DEPRECIATION

At 1 November 2018

3,328

Charge for year

504

At 31 October 2019

3,832

NET BOOK VALUE

At 31 October 2019

2,168

At 31 October 2018

2,072

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.19

31.10.18

£

£

Trade debtors

194,401

111,234

Other debtors

271,623

81,513

466,024

192,747

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.19

31.10.18

£

£

Trade creditors

373,754

184,795

Taxation and social security

17,358

29,592

Other creditors

315,599

195,048

706,711

409,435

7.	PROVISIONS FOR LIABILITIES

31.10.19

31.10.18

£

£

Deferred tax

146

-

Deferred

tax

£

Accelerated capital allowances

146

Balance at 31 October 2019

146