Kien Tan Limited Filleted accounts for Companies House (small and micro)

Kien Tan Limited Filleted accounts for Companies House (small and micro)

KIEN TAN LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 10305220
KIEN TAN LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
31 August 2021
KIEN TAN LIMITED
FINANCIAL STATEMENTS
YEAR ENDED 31 AUGUST 2021
Contents
Page
Balance sheet 1
Notes to the financial statements 2
KIEN TAN LIMITED
BALANCE SHEET
31 August 2021
2021
2020
Note
£
£
Fixed assets
Tangible assets
5
621
182
Current assets
Debtors
6
13,003
5,950
Cash at bank and in hand
388,132
288,615
------------
------------
401,135
294,565
Creditors: amounts falling due within one year
7
( 32,154)
( 28,968)
------------
------------
Net current assets
368,981
265,597
------------
------------
Total assets less current liabilities
369,602
265,779
------------
------------
Capital and reserves
Called up share capital
8
1
1
Profit and loss account
369,601
265,778
------------
------------
Shareholders funds
369,602
265,779
------------
------------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the profit and loss account has not been delivered.
For the year ending 31 August 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 30 September 2021 , and are signed on behalf of the board by:
T K Tan
Director
Company registration number: 10305220
KIEN TAN LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 AUGUST 2021
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 10 Isabella Mews, Balls Pond Road, London, N1 4BJ.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Office equipment
-
25% reducing balance
Computer equipment
-
33% straight line
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2020: 1 ).
5. Tangible assets
Office equipment
Computer equipment
Total
£
£
£
Cost
At 1 September 2020
242
679
921
Additions
549
–
549
------------
------------
------------
At 31 August 2021
791
679
1,470
------------
------------
------------
Depreciation
At 1 September 2020
61
678
739
Charge for the year
110
–
110
------------
------------
------------
At 31 August 2021
171
678
849
------------
------------
------------
Carrying amount
At 31 August 2021
620
1
621
------------
------------
------------
At 31 August 2020
181
1
182
------------
------------
------------
6. Debtors
2021
2020
£
£
Trade debtors
13,000
5,950
Director's loan account
3
–
------------
------------
13,003
5,950
------------
------------
7. Creditors: amounts falling due within one year
2021
2020
£
£
Corporation tax
27,174
23,433
Social security and other taxes
4,980
5,495
Director loan accounts
–
40
------------
------------
32,154
28,968
------------
------------
8. Called up share capital
Issued, called up and fully paid
2021
2020
No.
£
No.
£
Ordinary shares of £ 0.01 each
100
1
100
1
------------
------------
------------
------------
9. Director's advances, credits and guarantees
Included in debtors is a loan to the director, amounting to : £ Amount outstanding at end of the year 3 Amount outstanding at beginning of the year (40) Maximum outstanding during the year 3
10. Related party transactions
The company is controlled by the director.