K9 Express (Bristol South) Limited - Period Ending 2019-11-30

K9 Express (Bristol South) Limited

Contents

Company Information	1
Balance Sheet and Notes to the Financial Statements	2 to 6

K9 Express (Bristol South) Limited

Company Information

Director

R Woodhouse

Registered office

Unit 8 Mendip View Business Park Bristol Road Hewish Weston-super-Mare North Somerset BS24 6RX

Accountants

Four Fifty Partnership Chartered Accountants 34 Boulevard Weston-super-Mare Somerset BS23 1NF

K9 Express (Bristol South) Limited

(Registration number: 08681250)
Balance Sheet as at 30 November 2019

	2019 £	2018 £
Fixed assets	25,716	73,036
Current assets	33,013	88,764
Prepayments and accrued income	97	2,161
Creditors: Amounts falling due within one year	(101,553)	(56,129)
Net current (liabilities)/assets	(68,443)	34,796
Total assets less current liabilities	(42,727)	107,832
Creditors: Amounts falling due after more than one year	(149,517)	(183,736)
Accruals and deferred income	(4,385)	(2,578)
	(196,629)	(78,482)
Capital and reserves	(196,629)	(78,482)

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Unit 8 Mendip View Business Park
Bristol Road
Hewish
Weston-super-Mare
North Somerset
BS24 6RX
England

Basis of preparation

K9 Express (Bristol South) Limited

(Registration number: 08681250)
Balance Sheet as at 30 November 2019

1	General information (continued)

The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.

The financial statements have been prepared on a going concern basis, which assumes that the company will continue to trade in operational existence for the foreseeable future.

The director has considered the net liabilities position and the obligations of the company to ensure that the business can continue in operational existence for the foreseeable future.

The presentation currency of the financial statements is Pound Sterling (£). All monetary amounts are rounded to the nearest £.

2	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 6 (2018 - 6).

K9 Express (Bristol South) Limited

(Registration number: 08681250)
Balance Sheet as at 30 November 2019

3	Obligations under leases and hire purchase contracts

Finance leases

The total of future minimum lease payments is as follows:

	2019 £	2018 £
Not later than one year	1,350	1,585
Later than one year and not later than five years	8,462	12,693
	9,812	14,278

4	Related party transactions

Transactions with directors

2019	At 1 December 2018 £	Repayments by director £	At 30 November 2019 £
R Woodhouse
Directors current account	(30,713)	26,788	(3,925)

2018	At 1 December 2017 £	Advances to directors £	Repayments by director £	At 30 November 2018 £
R Woodhouse
Directors current account	(25,164)	(58,927)	53,377	(30,713)

K9 Express (Bristol South) Limited

(Registration number: 08681250)
Balance Sheet as at 30 November 2019

4	Related party transactions (continued)

A fluctuating loan to the director subsisted during the year ended 30 November 2019. The loan is repayable on demand and beneficial loan interest has been calculated and provided for at the H M Revenue and Customs approved rates.

Mr R Woodhouse has given a personal guarantee to the value of £218,142 in respect of Funding Circle and Boast Capital.

K9 Express (Bristol South) Limited

(Registration number: 08681250)
Balance Sheet as at 30 November 2019

These financial statements have been prepared in accordance with the micro-entity provisions of the Companies Act 2006 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

For the financial year ending 30 November 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Approved and authorised by the director on 24 August 2020
 

.........................................

R Woodhouse
Director