KR Big Projects Ltd Filleted accounts for Companies House (small and micro)

KR BIG PROJECTS LTD - Company Information

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COMPANY REGISTRATION NUMBER: 06833236

KR Big Projects Ltd

Filleted unaudited financial statements

30 April 2021

KR Big Projects Ltd

Statement of financial position

30 April 2021

	2021		2020
Note	£	£	£	£

Current assets

Debtors	5	28,257	48,062
Cash at bank and in hand		142,004	161,092
		---------	---------
		170,261	209,154

Creditors: amounts falling due within one year	6	( 1,995)		( 873)
		---------		---------
Net current assets			168,266		208,281
			---------		---------
Total assets less current liabilities			168,266		208,281
			---------		---------
Net assets			168,266		208,281
			---------		---------

Capital and reserves

Called up share capital	1	1
Profit and loss account	168,265	208,280
	---------	---------
Shareholders funds	168,266	208,281
	---------	---------

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 statement of income and retained earnings has not been delivered.

For the year ending 30th April 2021 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 financial statements were approved by the board of directors and authorised for issue on 4 January 2022 , and are signed on behalf of the board by:

Mr R A Kempner

Director

Company registration number: 06833236

KR Big Projects Ltd

Notes to the financial statements

year ended 30th April 2021

1. General information

The principle activity of the company is that of an investment company. The company is a private limited company, which is incorporated in England and Wales (no 06833236 ). The address of the registered office is 3rd Floor 1 Ashley Road, Altrincham, Chesire, WA14 2DT.

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, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the date of the statement of financial position and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. Details of these judgements are set out in the accounting policies.

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.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 2 (2019: 2).

5. Debtors

	2021	2020
	£	£

Directors loan account	–	19,805
Other debtors	28,257	28,257
	-------	-------
	28,257	48,062
	-------	-------

6. Creditors: amounts falling due within one year

	2021	2020
	£	£

Accruals and deferred income	948	860
Corporation tax	–	13
Director loan accounts	1,047	–
	------	----
	1,995	873
	------	----

7. Directors' advances, credits and guarantees

Included in creditors is £1,047 due from the company to the directors (2020 - £19,805 due from the directors) . Interest of £186 (2020 - £971) was charged on the overdrawn directors loan account by the company.