KE_TRANSPORT_LIMITED - Accounts

KE_TRANSPORT_LIMITED - Accounts

KE TRANSPORT LIMITED - Company Information

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Company Registration No. 7929334 (England and Wales)
KE TRANSPORT LIMITED
DIRECTOR'S REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2015
KE TRANSPORT LIMITED
COMPANY INFORMATION
Director
Mr K  Eskandary
Company number
7929334
Registered office
22 Waverly Avenue
Whitton
Twickenham
Middlesex
TW2 6DW
Accountants
Almar Business Solutions Limited
5 Richmond Road
East Finchley
London
Greater London
United Kingdom
N2 8JT
Business address
22 Waverly Avenue
Whitton
Twickenham
Middlesex
TW2 6DW
KE TRANSPORT LIMITED
CONTENTS
Page
Director's report
1
Accountants' report
2
Profit and loss account
3
Balance sheet
4
Notes to the financial statements
5 - 8
KE TRANSPORT LIMITED
DIRECTOR'S REPORT
FOR THE YEAR ENDED 31 MARCH 2015
- 1 -
The director presents his report and financial statements for the year ended 31 March 2015.
Director
The following director has held office since 1 April 2014:
Mr K  Eskandary
This report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.
On behalf of the board
Mr K Eskandary
Director
29 December 2015
KE TRANSPORT LIMITED
FCCA ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF KE TRANSPORT LIMITED FOR THE YEAR ENDED 31 MARCH 2015
- 2 -
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of KE Transport Limited for the year ended 31 March 2015 set out on pages 3 to 8 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at icaew.com/regulations.

This report is made solely to the Board of Directors of KE Transport Limited, as a body, in accordance with the terms of our engagement letter dated 30 May 2015. Our work has been undertaken solely to prepare for your approval the financial statements of KE Transport Limited and state those matters that we have agreed to state to the Board of Directors of KE Transport Limited, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than KE Transport Limited and its Board of Directors as a body, for our work or for this report.

It is your duty to ensure that KE Transport Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of KE Transport Limited. You consider that KE Transport Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of KE Transport Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Almar Business Solutions Limited
29 December 2015
FCCA Accountants
5 Richmond Road
East Finchley
London
Greater London
United Kingdom
N2 8JT
KE TRANSPORT LIMITED
PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2015
- 3 -
2015
2014
Notes
£
£
Turnover
48,643
41,444
Cost of sales
(7,979)
(8,367)
Gross profit
40,664
33,077
Administrative expenses
(18,253)
(23,605)
Operating profit
2
22,411
9,472
Interest payable and similar charges
-
(3,940)
Profit on ordinary activities before taxation
22,411
5,532
Tax on profit on ordinary activities
3
(4,482)
(1,106)
Profit for the year
10
17,929
4,426
The profit and loss account has been prepared on the basis that all operations are continuing operations.
There are no recognised gains and losses other than those passing through the profit and loss account.
KE TRANSPORT LIMITED
BALANCE SHEET
AS AT
31 MARCH 2015
31 March 2015
- 4 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
5
13,685
15,821
Current assets
Debtors
6
(1)
(1)
Cash at bank and in hand
7,065
-
7,064
(1)
Creditors: amounts falling due within one year
7
(4,482)
(1,111)
Net current assets/(liabilities)
2,582
(1,112)
Total assets less current liabilities
16,267
14,709
Creditors: amounts falling due after more than one year
8
(14,500)
(14,500)
1,767
209
Capital and reserves
Called up share capital
9
1
1
Profit and loss account
10
1,766
208
Shareholders'  funds
11
1,767
209
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.
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 have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board and authorised for issue on 29 December 2015
Mr K  Eskandary
Director
Company Registration No. 7929334
KE TRANSPORT LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2015
- 5 -
1
Accounting policies
1.1
Accounting convention

The financial statements are prepared under the historical cost convention.

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:
Motor vehicles
1.5
Deferred taxation
Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes.  The deferred tax balance has not been discounted.
2
Operating profit
2015
2014
£
£
Operating profit is stated after charging:
Depreciation of tangible assets
2,136
3,955
Director's remuneration
9,440
9,440
KE TRANSPORT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2015
- 6 -
3
Taxation
2015
2014
£
£
Domestic current year tax
U.K. corporation tax
4,482
1,106
Total current tax
4,482
1,106
Factors affecting the tax charge for the year
Profit on ordinary activities before taxation
22,411
5,532
Profit on ordinary activities before taxation multiplied by standard rate of UK corporation tax of 0% (2014 - 0%)
-
-
Current tax charge for the year
-
-
Reconciliation - the current year tax charge does not reconcile to the above analysis.  Please review figures in the database.
4,482
1,106
4
Dividends
2015
2014
£
£
Ordinary interim paid
16,371
4,218
5
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2014 & at 31 March 2015
21,094
Depreciation
At 1 April 2014
5,273
Charge for the year
2,136
At 31 March 2015
7,409
Net book value
At 31 March 2015
13,685
At 31 March 2014
15,821
KE TRANSPORT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2015
- 7 -
6
Debtors
2015
2014
£
£
Trade debtors
(1)
(1)
7
Creditors: amounts falling due within one year
2015
2014
£
£
Bank loans and overdrafts
-
5
Taxation and social security
4,482
1,106
4,482
1,111
8
Creditors: amounts falling due after more than one year
2015
2014
£
£
Bank loans
14,500
14,500
Analysis of loans
Wholly repayable within five years
14,500
14,500
Loan maturity analysis
9
Share capital
2015
2014
£
£
Allotted, called up and fully paid
1 Ordinary Shares Type A of £1 each
1
1
10
Statement of movements on profit and loss account
Profit and loss
account
£
Balance at 1 April 2014
208
Profit for the year
17,929
Dividends paid
(16,371)
Balance at 31 March 2015
1,766
KE TRANSPORT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2015
- 8 -
11
Reconciliation of movements in Shareholders' funds
2015
2014
£
£
Profit for the financial year
17,929
4,426
Dividends
(16,371)
(4,218)
Net addition to shareholders' funds
1,558
208
Opening Shareholders' funds
209
1
Closing Shareholders' funds
1,767
209
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