S & P Kineton Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07891466 (England and Wales)

Unaudited Financial Statements for the Year Ended 28 February 2021

for

S & P Kineton Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S S Deo

Mrs P K Deo

REGISTERED OFFICE:

Kineton Post Office Banbury Street

Kineton

Warwick

Warwickshire

CV35 0JS

REGISTERED NUMBER:

07891466 (England and Wales)

ACCOUNTANTS:

Sachdevs

Chartered Accountants

4 Station Avenue

Tile Hill

Coventry

West Midlands

CV4 9HS

FIXED ASSETS

Intangible assets

4

-

42,500

Tangible assets

5

-

5,412

-

47,912

CURRENT ASSETS

Stocks

-

97,856

Debtors

6

8,046

-

Cash at bank and in hand

274,474

69,923

282,520

167,779

CREDITORS

Amounts falling due within one year

7

(201,666

)

(201,152

)

NET CURRENT ASSETS/(LIABILITIES)

80,854

(33,373

)

TOTAL ASSETS LESS CURRENT LIABILITIES

80,854

14,539

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

80,754

14,439

80,854

14,539

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 November 2021 and were signed on its behalf by:

S S Deo - Director

1.	STATUTORY INFORMATION

S & P Kineton Ltd 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil 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.

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 Statement of Income and Retained Earnings, 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2020 - 8 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 March 2020

42,500

Disposals

(42,500

)

At 28 February 2021

-

NET BOOK VALUE

At 28 February 2021

-

At 29 February 2020

42,500

5.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 March 2020

15,926

Disposals

(15,926

)

At 28 February 2021

-

DEPRECIATION

At 1 March 2020

10,514

Eliminated on disposal

(10,514

)

At 28 February 2021

-

NET BOOK VALUE

At 28 February 2021

-

At 29 February 2020

5,412

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.21

29.2.20

£

£

VAT

8,046

-

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.21

29.2.20

£

£

Trade creditors

4,467

2,362

Tax

17,901

3,090

Social security and other taxes

202

376

VAT

-

6,800

Other creditors

-

4,713

Directors' loan accounts

179,096

183,811

201,666

201,152