K D Instrumentation Limited - Accounts to registrar - small 17.1.1

REGISTERED NUMBER: SC239015 (Scotland)

Unaudited Financial Statements

for the Year Ended 31 December 2016

for

K D Instrumentation Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Report of the Accountants

6

DIRECTORS:

Kenneth Donaldson

Mrs Jennifer Donaldson

SECRETARY:

Mrs Jennifer Donaldson

REGISTERED OFFICE:

Acumen House

Grange Road

Peterhead

Aberdeenshire

AB42 1WN

REGISTERED NUMBER:

SC239015 (Scotland)

ACCOUNTANTS:

Acumen Accountants & Advisors Limited

Acumen House

Grange Road

Peterhead

Aberdeenshire

AB42 1WN

FIXED ASSETS

Intangible assets

5

2,612

3,046

Tangible assets

6

5,442

6,280

8,054

9,326

CURRENT ASSETS

Stocks

1,460

1,765

Debtors

7

4,271

754

Cash at bank

1,066

2,349

6,797

4,868

CREDITORS

Amounts falling due within one year

8

16,280

13,001

NET CURRENT LIABILITIES

(9,483

)

(8,133

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(1,429

)

1,193

PROVISIONS FOR LIABILITIES

1,018

1,171

NET (LIABILITIES)/ASSETS

(2,447

)

22

CAPITAL AND RESERVES

Called up share capital

9

2

2

Retained earnings

(2,449

)

20

SHAREHOLDERS' FUNDS

(2,447

)

22

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 31 May 2017 and were signed on its behalf by:

Kenneth Donaldson - Director

1.	STATUTORY INFORMATION

K D Instrumentation Limited 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

These financial statements for the year ending 31 December 2016 are the first set of financial statements that comply with FRS 102

Section 1A small entities. The date of transition is 1 January 2015.

The transition to FRS 102 Section 1A small entities has resulted in a small number of changes in accounting policies to those used

previously, this has not impacted on opening equity or profit for the comparative period so the reconciliations have not been included.

The presentation currency is sterling.

Turnover

Turnover represents net invoiced sales of goods and services, excluding value added tax.

Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the seperable net assets. It is

amortised to the profit and loss account over its estimated economic life of 20 years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated

amortisation and any accumulated impairment losses.

Tangible fixed assets

The cost of tangible fixed assets is written off as follows:

Tenants Improvements 20% straight line

Tools & equipment 15% reducing balance

Motor Vehicles 25% reducing balance

Stocks

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

Taxation

Taxation for the year 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 year 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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 .

5.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2016

and 31 December 2016

8,688

AMORTISATION

At 1 January 2016

5,642

Charge for year

434

At 31 December 2016

6,076

NET BOOK VALUE

At 31 December 2016

2,612

At 31 December 2015

3,046

6.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2016

26,300

Additions

737

At 31 December 2016

27,037

DEPRECIATION

At 1 January 2016

20,020

Charge for year

1,575

At 31 December 2016

21,595

NET BOOK VALUE

At 31 December 2016

5,442

At 31 December 2015

6,280

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Trade debtors

2,169

422

Other debtors

2,010

332

Prepayments and accrued income

92

-

4,271

754

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Hire purchase contracts

-

2,818

Trade creditors

6,359

2,612

Corporation tax

4,438

4,859

Social security and other taxes

75

130

Director's current account

3,608

1,482

Accrued expenses

1,800

1,100

16,280

13,001

The loan from the director is interest free with no fixed terms of repayment.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

2

Ordinary

£1

2

2

10.	ULTIMATE CONTROLLING PARTY

11.	FIRST YEAR ADOPTION

At 1 January 2015, the company transitioned from UK GAAP to FRS 102 Section 1A small entities. As there have been no transitional

adjustments, we have not included the reconciliation reports.

The following reproduces the text of the report prepared for the directors and members in respect of the company's annual unaudited

financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are

cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed

with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 December 2016 set out on pages to and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Acumen Accountants & Advisors Limited

Acumen House

Grange Road

Peterhead

Aberdeenshire

AB42 1WN

31 May 2017