Ker Associates Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 03809056 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2020

for

Ker Associates Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

J Ker

SECRETARY:

Mrs L Ker

REGISTERED OFFICE:

Unit 1 The Sidings

Victoria Avenue Industrial Estate

Swanage

Dorset

BH19 1AU

REGISTERED NUMBER:

03809056 (England and Wales)

ACCOUNTANTS:

Commercial Accounting & Taxation Ltd

Unit 1 The Sidings

Victoria Avenue Ind Estate

Swanage

Dorset

BH19 1AU

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

182

243

182

243

CURRENT ASSETS

Stocks

12,418

-

Debtors

6

51,819

71,611

Cash at bank and in hand

1,124

984

65,361

72,595

CREDITORS

Amounts falling due within one year

7

65,458

69,469

NET CURRENT (LIABILITIES)/ASSETS

(97

)

3,126

TOTAL ASSETS LESS CURRENT LIABILITIES

85

3,369

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

83

3,367

85

3,369

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 director acknowledges his 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 29 November 2020 and were signed by:

J Ker - Director

1.	STATUTORY INFORMATION

Ker Associates 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 stocks 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2019 - 7 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2019

and 31 March 2020

7,000

AMORTISATION

At 1 April 2019

and 31 March 2020

7,000

NET BOOK VALUE

At 31 March 2020

-

At 31 March 2019

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2019

and 31 March 2020

32,046

DEPRECIATION

At 1 April 2019

31,803

Charge for year

61

At 31 March 2020

31,864

NET BOOK VALUE

At 31 March 2020

182

At 31 March 2019

243

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.20

31.3.19

£

£

Trade debtors

23,309

71,611

Amounts owed by associates

17,898

-

Other debtors

10,612

-

51,819

71,611

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.20

31.3.19

£

£

Bank loans and overdrafts

19,310

19,476

Trade creditors

26,973

13,278

Taxation and social security

18,403

31,640

Other creditors

772

5,075

65,458

69,469