Kendalcourt Ltd - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 03735515 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 30 November 2014

for

KENDALCOURT LTD

T/A

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Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

M M R Gulamhusein Esq

SECRETARY:

Mrs S Gulamhusein

REGISTERED OFFICE:

2 - 4 Albert Road

Cosham

Portsmouth

Hampshire

PO6 3DD

REGISTERED NUMBER:

03735515 (England and Wales)

ACCOUNTANTS:

Walji & Co Private Clients Limited

Prospect House

50 Leigh Road

Eastleigh

Hampshire

SO50 9DT

BANKERS:

National Westminster Bank Plc

43-49 London Road

Southampton

Hampshire

SO15 2BL

FIXED ASSETS

Intangible assets

2

38,500

46,750

Tangible assets

3

686,423

717,148

724,923

763,898

CURRENT ASSETS

Stocks

2,208

1,958

Debtors

65,683

34,590

Cash at bank and in hand

91,427

37,242

159,318

73,790

CREDITORS

Amounts falling due within one year

4

224,734

210,506

NET CURRENT LIABILITIES

(65,416

)

(136,716

)

TOTAL ASSETS LESS CURRENT LIABILITIES

659,507

627,182

CREDITORS

Amounts falling due after more than one year

4

(409,294

)

(268,909

)

PROVISIONS FOR LIABILITIES

(18,335

)

(12,425

)

NET ASSETS

231,878

345,848

CAPITAL AND RESERVES

Called up share capital

5

1,000

1,000

Profit and loss account

230,878

344,848

SHAREHOLDERS' FUNDS

231,878

345,848

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2014 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 26 November 2015 and were signed by:

M M R Gulamhusein Esq - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 1999, is being amortised evenly over its estimated useful life of twenty years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

2% on cost

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

20% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and

slow moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account 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 the profit and loss account in the period to which they relate.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 December 2013

and 30 November 2014

165,000

AMORTISATION

At 1 December 2013

118,250

Amortisation for year

8,250

At 30 November 2014

126,500

NET BOOK VALUE

At 30 November 2014

38,500

At 30 November 2013

46,750

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 December 2013

1,068,913

Additions

3,391

Disposals

(2,939

)

At 30 November 2014

1,069,365

DEPRECIATION

At 1 December 2013

351,765

Charge for year

33,200

Eliminated on disposal

(2,023

)

At 30 November 2014

382,942

NET BOOK VALUE

At 30 November 2014

686,423

At 30 November 2013

717,148

4.

CREDITORS

Creditors include an amount of £ 420,873 (30.11.13 - £ 297,700 ) for which security has been given.

They also include the following debts falling due in more than five years:

30.11.14

30.11.13

£

£

Repayable by instalments

256,386

130,500

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.11.14

30.11.13

value:

£

£

1,000

Ordinary

£1

1,000

1,000

6.	DIRECTORS' CURRENT ACCOUNTS

The following advances and credits to a director subsisted during the years ended 30 November 2014 and

30 November 2013:

30.11.14

30.11.13

£

£

M M R Gulamhusein Esq

Balance outstanding at start of year

(12,667

)

(281

)

Amounts advanced

16,408

27,414

Amounts repaid

(20,500

)

(39,800

)

Balance outstanding at end of year

(16,759

)

(12,667

)