KMD Nurseries Limited - Accounts to registrar - small 16.3d

REGISTERED NUMBER: 01271130 (England and Wales)

Unaudited Financial Statements

for the Period 1 January 2016 to 30 June 2016

for

KMD Nurseries Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

C K Dike

K M Dike

SECRETARY:

K M Dike

REGISTERED OFFICE:

Montacute Road

STOKE-SUB-HAMDON

Somerset

TA14 6UQ

REGISTERED NUMBER:

01271130 (England and Wales)

ACCOUNTANTS:

A C Mole & Sons

Stafford House

Blackbrook Park Avenue

Taunton

Somerset

TA1 2PX

CURRENT ASSETS

Debtors

5

11,972

Cash at bank

34,886

46,858

CREDITORS

Amounts falling due within one year

6

22,291

NET CURRENT ASSETS

24,567

TOTAL ASSETS LESS CURRENT LIABILITIES

24,567

CAPITAL AND RESERVES

Called up share capital

1,000

Retained earnings

23,567

SHAREHOLDERS' FUNDS

24,567

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

The members have not required the company to obtain an audit of its financial statements for the period ended 30 June 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 26 September 2016 and were signed on its behalf by:

C K Dike - Director

1.	STATUTORY INFORMATION

KMD Nurseries Limited is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

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

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 4 .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 January 2016

132,197

3,939

36,270

365

172,771

Disposals

(132,197

)

(3,939

)

(36,270

)

(365

)

(172,771

)

At 30 June 2016

-

-

-

-

-

DEPRECIATION

At 1 January 2016

124,456

3,379

34,427

365

162,627

Charge for period

967

56

-

230

1,253

Eliminated on disposal

(125,423

)

(3,435

)

(34,427

)

(595

)

(163,880

)

At 30 June 2016

-

-

-

-

-

NET BOOK VALUE

At 30 June 2016

-

-

-

-

-

At 31 December 2015

7,741

560

1,843

-

10,144

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade debtors

11,966

Other debtors

6

11,972

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade creditors

493

Tax

11,715

Social security and other taxes

431

Directors' current accounts

8,052

Accrued expenses

1,600

22,291

7.	RELATED PARTY DISCLOSURES

8.	ULTIMATE CONTROLLING PARTY