Kingfisher Enamelling Company Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 03167285 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 March 2015

for

Kingfisher Enamelling Company Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

Mr L R Sharp

SECRETARY:

Mr L R Sharp

REGISTERED OFFICE:

5a Frascati Way

Maidenhead

Berkshire

SL6 4UY

REGISTERED NUMBER:

03167285 (England and Wales)

ACCOUNTANTS:

Wilson Partners Limited

Chartered Accountants

5a Frascati Way

Maidenhead

Berkshire

SL6 4UY

FIXED ASSETS

Tangible assets

2

94,282

93,601

CURRENT ASSETS

Stocks

12,874

11,766

Debtors

3

274,544

197,375

Cash at bank and in hand

66,070

75,555

353,488

284,696

CREDITORS

Amounts falling due within one year

(106,719

)

(100,750

)

NET CURRENT ASSETS

246,769

183,946

TOTAL ASSETS LESS CURRENT LIABILITIES

341,051

277,547

CREDITORS

Amounts falling due after more than one year

(13,388

)

(18,146

)

NET ASSETS

327,663

259,401

CAPITAL AND RESERVES

Called up share capital

4

4,000

4,000

Share premium

35,305

35,305

Profit and loss account

288,358

220,096

SHAREHOLDERS' FUNDS

327,663

259,401

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2015 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 8 July 2015 and were signed by:

Mr L R Sharp - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance

with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Exemption from preparing a cash flow statement

Exemption has been taken from preparing a cash flow statement on the grounds that the company

qualifies as a small company.

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax, except in respect of

service contracts where turnover is recognised when the company obtains the right to

consideration.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

25% on reducing balance and 5% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Stocks

Stock and work in progress are valued at the lower of cost and net realisable value after making due

allowance for obsolete and slow-moving stocks. Cost includes all direct costs and appropriate

proportion of fixed and variable overheads.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed

at the balance sheet date, where transactions or events that result in an obligation to pay more or a

right to pay less tax in the future have occurred by the balance sheet date with certain limited

expectations.

Deferred tax is calculated on an undiscounted basis at the tax rates that are expected to apply in the

periods in which the timing differences are expected to reverse, based on the tax rates and laws

enacted or substantively enacted at the balance sheet date.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed

assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and

their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful

lives. Finance leases are those where substantially all of the benefits and risks of ownership are

assumed by the company. Obligations under such agreements are included in creditors net of the

finance charge allocated to future periods. The finance element of the rental payment is charged to

the profit and loss account so as to produce a constant periodic rate of charge on the net obligation

outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership

remain with the lessor are charged to the profit and loss account on a straight line basis over the

period of the lease.

Invoice discounting

The company has an invoice discounting facility. The accounting policy is to include trade debtors

within one year and the returnable element of the proceeds within current liabilities. Service

charges and interest are charged to the profit and loss account when paid. Bad debts are borne by

the company and are charged to the profit and loss account when incurred.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

363,494

Additions

10,568

At 31 March 2015

374,062

DEPRECIATION

At 1 April 2014

269,893

Charge for year

9,887

At 31 March 2015

279,780

NET BOOK VALUE

At 31 March 2015

94,282

At 31 March 2014

93,601

3.

DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

The aggregate total of debtors falling due after more than one year is £ 84,500 (31.3.14 - £ 54,500 )

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.15

31.3.14

value:

£

£

4,000

Ordinary

£1

4,000

4,000