3K's Trading Limited - Accounts to registrar (filleted) - small 18.2
3K's Trading Limited - Accounts to registrar (filleted) - small 18.2
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 31st March 2020 |
for |
3K's Trading Limited |
3K's Trading Limited (Registered number: 01824261) |
Contents of the Financial Statements |
for the Year Ended 31st March 2020 |
Page |
Company Information | 1 |
Abridged Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
3K's Trading Limited |
Company Information |
for the Year Ended 31st March 2020 |
DIRECTOR: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Bank House |
Market Square |
Congleton |
Cheshire |
CW12 1ET |
3K's Trading Limited (Registered number: 01824261) |
Abridged Balance Sheet |
31st March 2020 |
31/3/20 | 31/3/19 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Stocks |
Cash at bank |
CREDITORS |
Amounts falling due within one year |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
SHAREHOLDERS' FUNDS |
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. |
3K's Trading Limited (Registered number: 01824261) |
Abridged Balance Sheet - continued |
31st March 2020 |
In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered. |
The financial statements were approved by the director and authorised for issue on |
3K's Trading Limited (Registered number: 01824261) |
Notes to the Financial Statements |
for the Year Ended 31st March 2020 |
1. | STATUTORY INFORMATION |
3K's Trading Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. |
Income is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. |
Tangible fixed assets |
Plant and machinery etc | - |
Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. |
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. |
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. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
3K's Trading Limited (Registered number: 01824261) |
Notes to the Financial Statements - continued |
for the Year Ended 31st March 2020 |
4. | TANGIBLE FIXED ASSETS |
Totals |
£ |
COST |
At 1st April 2019 |
Additions |
At 31st March 2020 |
DEPRECIATION |
At 1st April 2019 |
Charge for year |
At 31st March 2020 |
NET BOOK VALUE |
At 31st March 2020 |
At 31st March 2019 |
5. | SECURED DEBTS |
The following secured debts are included within creditors: |
31/3/20 | 31/3/19 |
£ | £ |
6. | FINANCIAL INSTRUMENTS |
Bank loans and directors loans (being repayable on demand) are classified as financial instruments. |
Bank loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method. |
Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the statement of income and Retained Earnings. |