Kingfisher Business Advisors Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07586179 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2021

FOR

KINGFISHER BUSINESS ADVISORS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

A Van Den Broek

SECRETARY:

Mrs J E Benfold

REGISTERED OFFICE:

2 High St

Chobham

Surrey

GU25 8AA

REGISTERED NUMBER:

07586179 (England and Wales)

ACCOUNTANTS:

Kingfisher Business Advisors Ltd

Chartered Accountants

2 High St

Chobham

Woking

Surrey

GU24 8AA

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

-

2,046

-

2,046

CURRENT ASSETS

Stocks

1,000

-

Debtors

6

29,254

28,580

Cash at bank

38,702

26,124

68,956

54,704

CREDITORS

Amounts falling due within one year

7

68,760

55,890

NET CURRENT ASSETS/(LIABILITIES)

196

(1,186

)

TOTAL ASSETS LESS CURRENT LIABILITIES

196

860

PROVISIONS FOR LIABILITIES

-

389

NET ASSETS

196

471

CAPITAL AND RESERVES

Called up share capital

102

102

Retained earnings

94

369

SHAREHOLDERS' FUNDS

196

471

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 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 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 director and authorised for issue on 9 December 2021 and were signed by:

A Van Den Broek - Director

1.	STATUTORY INFORMATION

Kingfisher Business Advisors 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 2012, is being amortised evenly over its estimated useful life of five 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.

Plant and machinery etc

-

25% on cost

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 3 (2020 - 3 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2020

and 31 March 2021

42,000

AMORTISATION

At 1 April 2020

and 31 March 2021

42,000

NET BOOK VALUE

At 31 March 2021

-

At 31 March 2020

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2020

8,570

Disposals

(3,217

)

At 31 March 2021

5,353

DEPRECIATION

At 1 April 2020

6,524

Eliminated on disposal

(1,171

)

At 31 March 2021

5,353

NET BOOK VALUE

At 31 March 2021

-

At 31 March 2020

2,046

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.21

31.3.20

£

£

Trade debtors

27,789

28,580

Other debtors

1,465

-

29,254

28,580

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.21

31.3.20

£

£

Trade creditors

3,326

5,262

Taxation and social security

22,711

15,202

Other creditors

42,723

35,426

68,760

55,890

8.	RELATED PARTY DISCLOSURES

The company has a loan payable to a director of £25,860 (2020 £32,183). The loan is repayable on demand and is interest free.

The controlling party is J M Benfold.