ACCOUNTS - Final Accounts

Share capital

Shares classified as equity

KLM ENGINEERING CONSULTING LTD - Company Information

Caseware UK (AP4) 2016.0.181 2016.0.181 2017-03-312017-03-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.truetrueengineering consultancy.false2016-04-01 9358181 2016-04-01 2017-03-31 9358181 2017-03-31 9358181 2016-03-31 9358181 c:Director1 2016-04-01 2017-03-31 9358181 d:CurrentFinancialInstruments 2017-03-31 9358181 d:CurrentFinancialInstruments 2016-03-31 9358181 d:CurrentFinancialInstruments d:WithinOneYear 2017-03-31 9358181 d:CurrentFinancialInstruments d:WithinOneYear 2016-03-31 9358181 d:ShareCapital 2017-03-31 9358181 d:ShareCapital 2016-03-31 9358181 d:RetainedEarningsAccumulatedLosses 2017-03-31 9358181 d:RetainedEarningsAccumulatedLosses 2016-03-31 9358181 c:OrdinaryShareClass1 2016-04-01 2017-03-31 9358181 c:OrdinaryShareClass1 2017-03-31 9358181 c:FRS102 2016-04-01 2017-03-31 9358181 c:AuditExempt-NoAccountantsReport 2016-04-01 2017-03-31 9358181 c:FullAccounts 2016-04-01 2017-03-31 9358181 c:PrivateLimitedCompanyLtd 2016-04-01 2017-03-31 xbrli:shares iso4217:GBP xbrli:pure

9358181

	UNAUDITED FINANCIAL STATEMENTS
	FOR THE YEAR ENDED 31 MARCH 2017

	KLM ENGINEERING CONSULTING LIMITED


KLM ENGINEERING CONSULTING LIMITED REGISTERED NUMBER:9358181

STATEMENT OF FINANCIAL POSITION

AS AT 31 MARCH 2017

		2017		2016
Note		£		£


Current assets
Debtors: amounts falling due within one year	4	23,760		20,520
Cash at bank and in hand		81,829		83,136
		105,589		103,656
Creditors: amounts falling due within one year	5	(45,126)		(54,986)
Net current assets			60,463		48,670
Total assets less current liabilities			60,463		48,670

Net assets			60,463		48,670

Capital and reserves
Called up share capital	6	1	1
Profit and loss account		60,462	48,669
		60,463	48,670

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

Miss K L Mansfield

Director

Date: 28 July 2017

The notes on pages 2 to 4 form part of these financial statements.

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KLM ENGINEERING CONSULTING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2017

1.	General information

These financial statements have been prepared in compliance with FRS102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
KLM Engineering Consulting Limited is a private company limited by shares, registered in England and Wales. The address of its registered office is disclosed on the company information page.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

2.3

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

2.4

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting. Dividends on shares recognised as liabilities are recognised as expenses and classified within interest payable.

2.5

Interest income

Interest income is recognised in the Statement of Income and Retained Earnings using the effective interest method.

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KLM ENGINEERING CONSULTING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2017

2.Accounting policies (continued)

2.6

Taxation

Tax is recognised in the Statement of Income and Retained Earnings, except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Employees

The average monthly number of employees, including directors, during the year was 1 (2016 - 1).

Debtors

					2017	2016
					£	£


Trade debtors	23,760	20,520
	23,760	20,520

5.	Creditors: Amounts falling due within one year
		2017	2016
		£	£

Corporation tax	32,948	42,236
Other taxation and social security	9,864	9,820
Other creditors	814	1,640
Accruals and deferred income	1,500	1,290
	45,126	54,986

Authorised, allotted, called up and fully paid

1 Ordinary share of £1	1	1

Page 3


KLM ENGINEERING CONSULTING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2017

7.	Related party transactions
	The company was under the control of Miss K L Mansfield throughout the period. Miss Mansfield is the sole director and shareholder. At the period end Miss Mansfield was owed £814 (2016 - £1,640). During the period she received dividends of £120,000 (2016 - £120,000).

8.	First time adoption of FRS 102 The policies applied under the entity's previous accounting framework are not materially different to FRS 102 and have not impacted on equity or profit or loss.

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