Company Registration No. SC590522 (Scotland)
KD Communication Systems Ltd
Unaudited accounts
for the year ended 31 March 2020
KD Communication Systems Ltd
Statement of financial position
as at 31 March 2020
Tangible assets
11,228
1,394
Cash at bank and in hand
20,171
18,983
Creditors: amounts falling due within one year
(37,968)
(21,893)
Net current (liabilities)/assets
(7,362)
912
Called up share capital
100
100
Profit and loss account
3,766
2,206
Shareholders' funds
3,866
2,306
For the year ending 31 March 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 5 October 2020 and were signed on its behalf by
K Davis
Director
Company Registration No. SC590522
KD Communication Systems Ltd
Notes to the Accounts
for the year ended 31 March 2020
KD Communication Systems Ltd is a private company, limited by shares, registered in Scotland, registration number SC590522. The registered office is 8 Benview Road, Clarkston Toll, Glasgow, G76 7PP, United Kingdom.
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Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% reducing balance
Motor vehicles
25% reducing balance
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Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2019
758
1,000
-
1,758
Additions
-
8,395
4,496
12,891
At 31 March 2020
758
9,395
4,496
14,649
At 1 April 2019
114
250
-
364
Charge for the year
97
2,286
674
3,057
At 31 March 2020
211
2,536
674
3,421
At 31 March 2020
547
6,859
3,822
11,228
At 31 March 2019
644
750
-
1,394
Trade debtors
10,435
3,822
KD Communication Systems Ltd
Notes to the Accounts
for the year ended 31 March 2020
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Creditors: amounts falling due within one year
2020
2019
Obligations under finance leases and hire purchase contracts
8,395
-
Trade creditors
3,227
1,523
Taxes and social security
9,036
6,356
Other creditors
(1,502)
(1,506)
Loans from directors
16,607
14,505
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
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Average number of employees
During the year the average number of employees was 2 (2019: 3).
