Kilncare Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 03833090 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 30 April 2016

for

Kilncare Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

B Sherwin

L Sherwin

SECRETARY:

B Sherwin

REGISTERED OFFICE:

The Kiln Works

907 Leek New Road

Baddeley Green

Stoke on Trent

Staffordshire

ST2 7HQ

REGISTERED NUMBER:

03833090 (England and Wales)

FIXED ASSETS

Intangible assets

2

-

Tangible assets

3

11,269

13,337

11,269

13,337

CURRENT ASSETS

Stocks

32,861

22,631

Debtors

101,109

92,662

Cash at bank

101,401

67,480

235,371

182,773

CREDITORS

Amounts falling due within one year

235,787

187,315

NET CURRENT LIABILITIES

(416

)

(4,542

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

10,853

8,795

CAPITAL AND RESERVES

Called up share capital

4

2

Profit and loss account

10,851

8,793

SHAREHOLDERS' FUNDS

10,853

8,795

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 24 November 2016 and were signed
on its behalf by:

B Sherwin - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared on the assumption that the company is able to carry

on business as a going concern, which the directors consider appropriate having regard to the

company's current and expected performance.

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 January 2015).

Turnover

Turnover is stated net of VAT and trade discounts. Turnover from the sale of goods is recognised

when the goods are physically delivered to the customer.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2005, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

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

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making

due allowance for obsolete and slow moving items.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

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.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2015

and 30 April 2016

63,600

AMORTISATION

At 1 May 2015

and 30 April 2016

63,600

NET BOOK VALUE

At 30 April 2016

-

At 30 April 2015

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2015

38,147

Additions

1,684

At 30 April 2016

39,831

DEPRECIATION

At 1 May 2015

24,810

Charge for year

3,752

At 30 April 2016

28,562

NET BOOK VALUE

At 30 April 2016

11,269

At 30 April 2015

13,337

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

2

Ordinary

£1

2