R G Kern Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08717195 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 October 2020

for

R G Kern Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

R G Kern

REGISTERED OFFICE:

C/O ABC Accounting Services

Unit 1, Sandars Road

heapham Road Ind Est

Gainsborough

Lincolnshire

DN21 1RZ

REGISTERED NUMBER:

08717195 (England and Wales)

ACCOUNTANTS:

ABC Accounting Services

Unit 1, Sandars Road

Heapham Rd Ind Estate

Gainsborough

Lincolnshire

DN21 1RZ

FIXED ASSETS

Intangible assets

4

3,000

4,000

Tangible assets

5

274

500

3,274

4,500

CURRENT ASSETS

Debtors

6

-

11

Cash at bank

12,009

8,382

12,009

8,393

CREDITORS

Amounts falling due within one year

7

1,771

1,641

NET CURRENT ASSETS

10,238

6,752

TOTAL ASSETS LESS CURRENT LIABILITIES

13,512

11,252

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

13,511

11,251

SHAREHOLDERS' FUNDS

13,512

11,252

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 17 March 2021 and were signed by:

R G Kern - Director

1.	STATUTORY INFORMATION

R G Kern 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 represents net invoiced sales of goods excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of ten 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.

Office equipment

-

20% on cost

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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. Due to the immaterial amount involved no provision has been made in the accounts.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2019 - 1 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 November 2019

and 31 October 2020

10,000

AMORTISATION

At 1 November 2019

6,000

Amortisation for year

1,000

At 31 October 2020

7,000

NET BOOK VALUE

At 31 October 2020

3,000

At 31 October 2019

4,000

5.	TANGIBLE FIXED ASSETS

Office

equipment

£

COST

At 1 November 2019

and 31 October 2020

2,097

DEPRECIATION

At 1 November 2019

1,597

Charge for year

226

At 31 October 2020

1,823

NET BOOK VALUE

At 31 October 2020

274

At 31 October 2019

500

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.20

31.10.19

£

£

VAT

-

11

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.20

31.10.19

£

£

Tax

584

845

VAT

68

-

Directors' current accounts

669

121

Accrued expenses

450

675

1,771

1,641

8.	ULTIMATE CONTROLLING PARTY

The controlling party is R G Kern.

At the year end the company owed the director £669, (2019,£121).