KENDRA_ENERGY_SOLUTIONS_L - Accounts

KENDRA ENERGY SOLUTIONS LIMITED - Company Information

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Financial Statements

Company Registration No. 03840493 (England and Wales)

KENDRA ENERGY SOLUTIONS LTD

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2015

Financial Statements

KENDRA ENERGY SOLUTIONS LTD

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

Financial Statements

KENDRA ENERGY SOLUTIONS LTD

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

28,048

24,714

Current assets

Stocks

948

Debtors

755,677

540,037

Cash at bank and in hand

107,516

864,141

540,037

Creditors: amounts falling due within one year

(723,746)

(444,399)

Net current assets

140,395

95,638

Total assets less current liabilities

168,443

120,352

Provisions for liabilities

(5,610)

(4,900)

162,833

115,452

Capital and reserves

Called up share capital

Profit and loss account

162,831

115,450

Shareholders' funds

162,833

115,452

For the financial year ended 31 March 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 20 August 2015

Mr G G Ford

Mr C W Mills

Director

Company Registration No. 03840493

Financial Statements

KENDRA ENERGY SOLUTIONS LTD

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2015

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Fixtures, fittings & equipment

15% reducing balance

Fixed assets

Tangible assets

Cost

At 1 April 2014

45,454

Additions

11,953

At 31 March 2015

57,407

Depreciation

At 1 April 2014

20,740

Charge for the year

8,619

At 31 March 2015

29,359

Net book value

At 31 March 2015

28,048

At 31 March 2014

24,714

Creditors: amounts falling due within one year

G Ford and C Mills, company directors, have provided personal guarantees up to £110,000 in support of the bank overdraft facility provided to the company.

Financial Statements

KENDRA ENERGY SOLUTIONS LTD

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2015

- 3 -

Share capital

2015

2014

Allotted, called up and fully paid

2 Ordinary shares of £1 each

Transactions with directors