KCJ Engineering Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04556468 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 November 2021

for

KCJ ENGINEERING LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Chartered Accountants' Report

6

DIRECTORS:

G Vardon

H J Davies

SECRETARY:

Mrs S M Vardon

REGISTERED OFFICE:

Llanover House

Llanover Road

Pontypridd

Mid Glamorgan

CF37 4DY

REGISTERED NUMBER:

04556468 (England and Wales)

ACCOUNTANTS:

James de Frias

Chartered Accountants

Llanover House

Llanover Road

Pontypridd

Mid Glamorgan

CF37 4DY

FIXED ASSETS

Tangible assets

4

5,701

7,026

CURRENT ASSETS

Stocks

695

835

Debtors

5

20,216

15,722

Cash at bank

6,661

15,655

27,572

32,212

CREDITORS

Amounts falling due within one year

6

32,061

33,194

NET CURRENT LIABILITIES

(4,489

)

(982

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,212

6,044

PROVISIONS FOR LIABILITIES

1,064

1,311

NET ASSETS

148

4,733

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

48

4,633

SHAREHOLDERS' FUNDS

148

4,733

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2021 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 31 August 2022 and were signed on its behalf by:

H J Davies - Director

G Vardon - Director

1.	STATUTORY INFORMATION

KCJ Engineering 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

20% on reducing balance

Computer equipment

-

33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2020 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 December 2020

24,079

33

24,995

2,572

51,679

Additions

-

-

-

198

198

At 30 November 2021

24,079

33

24,995

2,770

51,877

DEPRECIATION

At 1 December 2020

22,433

32

19,617

2,571

44,653

Charge for year

411

-

1,075

37

1,523

At 30 November 2021

22,844

32

20,692

2,608

46,176

NET BOOK VALUE

At 30 November 2021

1,235

1

4,303

162

5,701

At 30 November 2020

1,646

1

5,378

1

7,026

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.21

30.11.20

£

£

Trade debtors

13,148

9,984

Other debtors

7,068

5,738

20,216

15,722

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.21

30.11.20

£

£

Trade creditors

1,077

-

Taxation and social security

27,978

31,552

Other creditors

3,006

1,642

32,061

33,194

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 November 2021 and 30 November 2020:

30.11.21

30.11.20

£

£

G Vardon

Balance outstanding at start of year

225

(422

)

Amounts advanced

38,486

38,544

Amounts repaid

(37,156

)

(37,897

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

1,555

225

H J Davies

Balance outstanding at start of year

(1,246

)

(352

)

Amounts advanced

29,755

37,003

Amounts repaid

(30,316

)

(37,897

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(1,807

)

(1,246

)

8.	RELATED PARTY DISCLOSURES

During the year, total dividends of £36,900 were paid to the directors .

9.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr G Vardon & Mr H Davies.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of KCJ Engineering Limited for the year ended 30 November 2021 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of KCJ Engineering Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of KCJ Engineering Limited and state those matters that we have agreed to state to the Board of Directors of KCJ Engineering Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than KCJ Engineering Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that KCJ Engineering Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of KCJ Engineering Limited. You consider that KCJ Engineering Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of KCJ Engineering Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

James de Frias

Chartered Accountants

Llanover House

Llanover Road

Pontypridd

Mid Glamorgan

CF37 4DY

31 August 2022