KENDRA_ENERGY_SOLUTIONS_L - Accounts

KENDRA ENERGY SOLUTIONS LIMITED - Company Information

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Company Registration No. 03840493 (England and Wales)

KENDRA ENERGY SOLUTIONS LTD

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2014

KENDRA ENERGY SOLUTIONS LTD

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 4

KENDRA ENERGY SOLUTIONS LTD

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2014

- 1 -

2014

2013

Notes

Fixed assets

Tangible assets

24,714

22,763

Current assets

Stocks

31,800

Debtors

540,037

281,922

Cash at bank and in hand

37,015

540,037

350,737

Creditors: amounts falling due within one year

(444,399)

(201,157)

Net current assets

95,638

149,580

Total assets less current liabilities

120,352

172,343

Creditors: amounts falling due after more than one year

(115,000)

Provisions for liabilities

(4,900)

(4,564)

115,452

52,779

Capital and reserves

Called up share capital

Profit and loss account

115,450

52,777

Shareholders' funds

115,452

52,779

KENDRA ENERGY SOLUTIONS LTD

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

31 MARCH 2014

- 2 -

For the financial year ended 31 March 2014 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 15 September 2014

Mr G G Ford

Mr C W Mills

Director

Company Registration No. 03840493

KENDRA ENERGY SOLUTIONS LTD

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2014

- 3 -

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 2013

37,698

Additions

7,756

At 31 March 2014

45,454

Depreciation

At 1 April 2013

14,935

Charge for the year

5,805

At 31 March 2014

20,740

Net book value

At 31 March 2014

24,714

At 31 March 2013

22,763

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.

KENDRA ENERGY SOLUTIONS LTD

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2014

- 4 -

Share capital

2014

2013

Allotted, called up and fully paid

2 Ordinary shares of £1 each

Transactions with directors

The following directors had interest free loans during the year. The movement on these loans are as follows:

Amount outstanding

Maximum

2014

2013

in year

Director's current account - G Ford

40,000

Director's current account - C Mills

30,000

Included in creditors due in more than one year are loans from G Ford, company director, £0 (2013: £57,500) and C Mills, company director £0 (2013: £57,500.)

Included in creditors due within one year are loans from G Ford, company director, £5,000 (2013: £0) and C Mills, company director £15,000 (2013: £0). There is no fixed schedule for the repayment of these loans.