KINGFISHER_POOLCARE_LTD - Accounts

KINGFISHER POOLCARE LIMITED - Company Information

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Company Registration No. 02776420 (England and Wales)

KINGFISHER POOLCARE LTD

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2016

KINGFISHER POOLCARE LTD

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

KINGFISHER POOLCARE LTD

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

33,958

47,737

Current assets

Stocks

5,000

Debtors

194,105

116,482

Cash at bank and in hand

136,798

181,818

335,903

303,300

Creditors: amounts falling due within one year

(77,594)

(67,314)

Net current assets

258,309

235,986

Total assets less current liabilities

292,267

283,723

Provisions for liabilities

(8,353)

Accruals and deferred income

(27,988)

(9,236)

264,279

266,134

Capital and reserves

Called up share capital

Profit and loss account

264,277

266,132

Shareholders' funds

264,279

266,134

For the financial year ended 31 March 2016 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 11 October 2016

Mr P Bliss

Mr A Mahony

Director

Company Registration No. 02776420

KINGFISHER POOLCARE LTD

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

- 2 -

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 January 2015).

1.2

Turnover

Turnover represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due.

Where a contract has only been partially completed at the balance sheet date, turnover represents the value of the service provided to date based on a proportion of the total expected consideration at completion. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income.

1.3

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:

Plant and office equipment

20% reducing balance

Computer equipment

20% reducing balance

Motor vehicles

25% reducing balance

1.4

Leasing and hire purchase commitments

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets and depreciated over the shorter of the lease term and their useful lives. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

1.5

Pensions

The company operates a defined contribution scheme for the benefit of selected employees. Contributions payable are charged to the profit and loss account in the year they are payable.

1.6

Deferred income

The company operates various maintenance contracts with regard to its products. The income credited to the profit and loss account is calculated by reference to the period of the agreement and is intended to match the costs associated to those contracts.

KINGFISHER POOLCARE LTD

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2016

- 3 -

Fixed assets

Tangible assets

Cost

At 1 April 2015

93,063

Additions

332

At 31 March 2016

93,395

Depreciation

At 1 April 2015

45,326

Charge for the year

14,111

At 31 March 2016

59,437

Net book value

At 31 March 2016

33,958

At 31 March 2015

47,737

Share capital

2016

2015

Allotted, called up and fully paid

2 Ordinary shares of £1 each