| Kuflink One Ltd |
| Registered number: |
12206864 |
| Statement of Financial Position |
| as at 30 June 2020 |
|
| Notes |
|
|
2020 |
|
| £ |
|
| Current assets |
| Debtors |
3 |
|
2,415 |
|
| Creditors: amounts falling due within one year |
4 |
|
1 |
|
| Net current assets |
|
|
|
2,416 |
|
|
| Total assets less current liabilities |
|
|
|
2,416 |
|
|
| Creditors: amounts falling due after more than one year |
5 |
|
|
(4,550) |
|
|
|
| Net liabilities |
|
|
|
(2,134) |
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
1 |
| Profit and loss account |
|
|
|
(2,135) |
|
| Shareholders' funds |
|
|
|
(2,134) |
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
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|
|
|
| Narinderjit, KHATTOARE |
| Director |
| Approved by the board on 26 March 2021 |
|
| Kuflink One Ltd |
| Notes to the Accounts |
| for the period from 13 September 2019 to 30 June 2020 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Turnover |
|
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. |
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Going Concern |
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At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements. |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
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Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
Taxation |
|
On the basis of these financial statements no provision has been made for corporation tax. |
|
|
| 2 |
Employees |
2020 |
|
| Number |
|
|
|
Average number of persons employed by the company |
2 |
|
|
|
|
|
|
|
|
|
| 3 |
Debtors |
2020 |
|
| £ |
|
|
|
Other debtors |
2,415 |
|
|
|
|
|
|
|
|
|
| 4 |
Creditors: amounts falling due within one year |
2020 |
|
| £ |
|
|
|
Amounts owed to group undertakings and undertakings in which the company has a participating interest |
|
(1) |
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due after one year |
2020 |
|
| £ |
|
|
|
Amounts owed to group undertakings and undertakings in which the company has a participating interest |
|
4,550 |
|
|
|
|
|
|
|
|
|
| 6 |
Related party transactions |
|
|
The company has taken the advantage of the exemption allowed by FRS 102, "Related party disclosures", not to disclose any transaction with members of the group of Kuflink Group Plc where 100% of the voting rights of those companies are controlled within that group. |
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|
| 7 |
Controlling party |
|
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Kuflink One Ltd is 100% owned by Kuflink Group Plc. The registered address of the parent company is 21 West Street, Gravesend, Kent, DA11 0BF. Consolidated accounts that include the result of the company are prepared by Kuflink Group Plc. |
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| 8 |
Principal place of business |
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Kuflink One Ltd is a private company limited by shares and incorporated in England. Its registered office is: |
|
21 West Street |
|
Gravesend |
|
Kent |
|
DA11 0BF |
