Kenfig Hill Limited Filleted accounts for Companies House (small and micro)

Kenfig Hill Limited Filleted accounts for Companies House (small and micro)

KENFIG HILL LIMITED - Company Information

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16 false false false false false false false false false true false false false false false false No description of principal activity 2019-04-01 Sage Accounts Production Advanced 2020 - FRS102_2019 5,617 705 1,313 2,018 3,599 4,912 xbrli:pure xbrli:shares iso4217:GBP 11278968 2019-04-01 2020-07-31 11278968 2020-07-31 11278968 2019-03-31 11278968 2018-03-27 2019-03-31 11278968 2019-03-31 11278968 core:FurnitureFittings 2019-04-01 2020-07-31 11278968 bus:Director1 2019-04-01 2020-07-31 11278968 core:FurnitureFittings 2019-03-31 11278968 core:FurnitureFittings 2020-07-31 11278968 core:AfterOneYear 2020-07-31 11278968 core:WithinOneYear 2020-07-31 11278968 core:WithinOneYear 2019-03-31 11278968 core:ShareCapital 2020-07-31 11278968 core:ShareCapital 2019-03-31 11278968 core:RetainedEarningsAccumulatedLosses 2020-07-31 11278968 core:RetainedEarningsAccumulatedLosses 2019-03-31 11278968 core:FurnitureFittings 2019-03-31 11278968 bus:Director1 2019-03-31 11278968 bus:Director1 2020-07-31 11278968 bus:Director1 2019-03-31 11278968 bus:Director1 2018-03-27 2019-03-31 11278968 bus:SmallEntities 2019-04-01 2020-07-31 11278968 bus:AuditExempt-NoAccountantsReport 2019-04-01 2020-07-31 11278968 bus:FullAccounts 2019-04-01 2020-07-31 11278968 bus:SmallCompaniesRegimeForAccounts 2019-04-01 2020-07-31 11278968 bus:PrivateLimitedCompanyLtd 2019-04-01 2020-07-31
COMPANY REGISTRATION NUMBER: 11278968
Kenfig Hill Limited
Filleted Unaudited Financial Statements
31 July 2020
Kenfig Hill Limited
Statement of Financial Position
31 July 2020
31 Jul 20
31 Mar 19
Note
£
£
Fixed assets
Tangible assets
5
3,599
4,912
Current assets
Stocks
38,039
37,058
Debtors
6
413
4,500
Cash at bank and in hand
111,236
27,075
---------
--------
149,688
68,633
Creditors: amounts falling due within one year
7
103,736
83,387
---------
--------
Net current assets/(liabilities)
45,952
( 14,754)
--------
--------
Total assets less current liabilities
49,551
( 9,842)
Creditors: amounts falling due after more than one year
8
50,000
–
--------
-------
Net liabilities
( 449)
( 9,842)
--------
-------
Capital and reserves
Called up share capital
100
100
Profit and loss account
( 549)
( 9,942)
----
-------
Shareholders deficit
( 449)
( 9,842)
----
-------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the period ending 31 July 2020 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 financial statements for the period in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Kenfig Hill Limited
Statement of Financial Position (continued)
31 July 2020
These financial statements were approved by the board of directors and authorised for issue on 15 December 2020 , and are signed on behalf of the board by:
Mr J S Tal
Director
Company registration number: 11278968
Kenfig Hill Limited
Notes to the Financial Statements
Period from 1 April 2019 to 31 July 2020
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 1 Agincourt Villas, Uxbridge Road, Hillingdon, Middlesex, UB10 0NX.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures and fittings
-
20% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
4. Employee numbers
The average number of persons employed by the company during the period amounted to 16 (2019: 12 ).
5. Tangible assets
Fixtures and fittings
£
Cost
At 1 April 2019 and 31 July 2020
5,617
-------
Depreciation
At 1 April 2019
705
Charge for the period
1,313
-------
At 31 July 2020
2,018
-------
Carrying amount
At 31 July 2020
3,599
-------
At 31 March 2019
4,912
-------
6. Debtors
31 Jul 20
31 Mar 19
£
£
Other debtors
413
4,500
----
-------
7. Creditors: amounts falling due within one year
31 Jul 20
31 Mar 19
£
£
Trade creditors
49,420
26,395
Corporation tax
886
–
Social security and other taxes
1,531
3,358
Other creditors
51,899
53,634
---------
--------
103,736
83,387
---------
--------
8. Creditors: amounts falling due after more than one year
31 Jul 20
31 Mar 19
£
£
Bank loans and overdrafts
50,000
–
--------
----
9. Director's advances, credits and guarantees
During the period the director entered into the following advances and credits with the company:
31 Jul 20
Balance brought forward
Advances/ (credits) to the director
Balance outstanding
£
£
£
Mr J S Tal
( 52,394)
11,030
( 41,364)
--------
--------
--------
31 Mar 19
Balance brought forward
Advances/ (credits) to the director
Balance outstanding
£
£
£
Mr J S Tal
–
( 52,394)
( 52,394)
----
--------
--------