Kustom PCS Ltd - Accounts to registrar - small 17.1

Kustom PCS Ltd - Accounts to registrar - small 17.1

KUSTOM PCS LTD. - Company Information

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IRIS Accounts Production v17.1.0.1158 SC255498 director 1.10.15 30.9.16 30.9.16 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureSC2554982015-09-30SC2554982016-09-30SC2554982015-10-012016-09-30SC2554982014-09-30SC2554982014-10-012015-09-30SC2554982015-09-30SC255498ns15:Scotland2015-10-012016-09-30SC255498ns14:PoundSterling2015-10-012016-09-30SC255498ns10:Director12015-10-012016-09-30SC255498ns10:PrivateLimitedCompanyLtd2015-10-012016-09-30SC255498ns10:SmallEntities2015-10-012016-09-30SC255498ns10:AuditExempt-NoAccountantsReport2015-10-012016-09-30SC255498ns10:SmallCompaniesRegimeForDirectorsReport2015-10-012016-09-30SC255498ns10:SmallCompaniesRegimeForAccounts2015-10-012016-09-30SC255498ns10:FullAccounts2015-10-012016-09-30SC255498ns10:RegisteredOffice2015-10-012016-09-30SC255498ns5:CurrentFinancialInstruments2016-09-30SC255498ns5:CurrentFinancialInstruments2015-09-30SC255498ns5:ShareCapital2016-09-30SC255498ns5:ShareCapital2015-09-30SC255498ns5:RetainedEarningsAccumulatedLosses2016-09-30SC255498ns5:RetainedEarningsAccumulatedLosses2015-09-30SC255498ns5:FurnitureFittings2015-10-012016-09-30SC255498ns5:FurnitureFittings2015-09-30SC255498ns5:FurnitureFittings2016-09-30SC255498ns5:FurnitureFittings2015-09-30SC255498ns5:CurrentFinancialInstrumentsns5:WithinOneYear2016-09-30SC255498ns5:CurrentFinancialInstrumentsns5:WithinOneYear2015-09-30


REGISTERED NUMBER: SC255498 (Scotland)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2016

FOR

KUSTOM PCS LTD

KUSTOM PCS LTD (REGISTERED NUMBER: SC255498)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2016




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


KUSTOM PCS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2016







DIRECTOR: G Clark





REGISTERED OFFICE: 40 Fort Street
Ayr
Ayrshire
KA7 1DE





REGISTERED NUMBER: SC255498 (Scotland)





ACCOUNTANTS: John Murphy & Company (Scotland) Limited
67 Main Street
Bothwell
Glasgow
Lanarkshire
G71 8ER
Page 1
KUSTOM PCS LTD (REGISTERED NUMBER: SC255498)

BALANCE SHEET
30 SEPTEMBER 2016

30.9.16 30.9.15
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1 400

CURRENT ASSETS
Stocks 100,923 81,565
Debtors 5 8,211 3,375
Cash at bank and in hand 505 586
109,639 85,526
CREDITORS
Amounts falling due within one year 6 109,533 83,939
NET CURRENT ASSETS 106 1,587
TOTAL ASSETS LESS CURRENT
LIABILITIES
107
1,987

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 105 1,985
SHAREHOLDERS' FUNDS 107 1,987

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

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

The director acknowledges his 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 director on 9 June 2017 and were signed by:





G Clark - Director


The notes form part of these financial statements

Page 2
KUSTOM PCS LTD (REGISTERED NUMBER: SC255498)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2016

1. STATUTORY INFORMATION

Kustom PCS Ltd is a private company, limited by shares , registered in Scotland. 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow
moving items.

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 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 year was 2 .

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 October 2015
and 30 September 2016 2,000
DEPRECIATION
At 1 October 2015 1,600
Charge for year 399
At 30 September 2016 1,999
NET BOOK VALUE
At 30 September 2016 1
At 30 September 2015 400

Page 3 continued...
KUSTOM PCS LTD (REGISTERED NUMBER: SC255498)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2016

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.16 30.9.15
£    £   
Trade debtors 8,211 2,167
S455 tax recoverable - 1,208
8,211 3,375

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.16 30.9.15
£    £   
Bank loans and overdrafts 14,909 -
Other loans 6,021 14,061
Trade creditors 79,242 60,990
Corporation tax 655 1,182
Payroll taxation (2 ) 246
VAT 7,426 4,537
Directors' current accounts 7 1,648
Accrued charges 1,275 1,275
109,533 83,939

7. ULTIMATE CONTROLLING PARTY

The controlling party is G Clark.

Page 4