KAT Aromatherapy Limited - Accounts to registrar - small 17.2

KAT Aromatherapy Limited - Accounts to registrar - small 17.2

KAT AROMATHERAPY LTD - Company Information

Print Friendly Version

IRIS Accounts Production v17.2.1.52 04939569 Board of Directors 1.1.16 31.12.16 31.12.16 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure049395692015-12-31049395692016-12-31049395692016-01-012016-12-31049395692014-12-31049395692015-01-012015-12-31049395692015-12-3104939569ns15:EnglandWales2016-01-012016-12-3104939569ns14:PoundSterling2016-01-012016-12-3104939569ns10:Director12016-01-012016-12-3104939569ns10:PrivateLimitedCompanyLtd2016-01-012016-12-3104939569ns10:SmallEntities2016-01-012016-12-3104939569ns10:AuditExemptWithAccountantsReport2016-01-012016-12-3104939569ns10:SmallCompaniesRegimeForDirectorsReport2016-01-012016-12-3104939569ns10:SmallCompaniesRegimeForAccounts2016-01-012016-12-3104939569ns10:FullAccounts2016-01-012016-12-3104939569ns10:Director22016-01-012016-12-3104939569ns10:CompanySecretary12016-01-012016-12-3104939569ns10:RegisteredOffice2016-01-012016-12-3104939569ns5:CurrentFinancialInstruments2016-12-3104939569ns5:CurrentFinancialInstruments2015-12-3104939569ns5:ShareCapital2016-12-3104939569ns5:ShareCapital2015-12-3104939569ns5:RetainedEarningsAccumulatedLosses2016-12-3104939569ns5:RetainedEarningsAccumulatedLosses2015-12-3104939569ns5:PlantMachinery2016-01-012016-12-3104939569ns5:PlantMachinery2015-12-3104939569ns5:PlantMachinery2016-12-3104939569ns5:PlantMachinery2015-12-3104939569ns5:RetainedEarningsAccumulatedLosses2015-12-3104939569ns5:RetainedEarningsAccumulatedLosses2016-01-012016-12-31


REGISTERED NUMBER: 04939569 (England and Wales)








UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2016

FOR

KAT AROMATHERAPY LIMITED

KAT AROMATHERAPY LIMITED (REGISTERED NUMBER: 04939569)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 December 2016




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 5

KAT AROMATHERAPY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 December 2016







DIRECTORS: Mrs V J Kemp
M C G Campbell





SECRETARY: Mrs M A Davis-Berry





REGISTERED OFFICE: Grove Farm
Westend
Stonehouse
Gloucestershire
GL10 3SL





REGISTERED NUMBER: 04939569 (England and Wales)





ACCOUNTANTS: Mitchell Glanville Limited
41 Rodney Road
Cheltenham
Gloucestershire
GL50 1HX
1
KAT AROMATHERAPY LIMITED (REGISTERED NUMBER: 04939569)

BALANCE SHEET
31 December 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 143 150

CURRENT ASSETS
Stocks 4,200 3,921
Debtors 5 1,526 3,604
Cash at bank 9,585 15,344
15,311 22,869
CREDITORS
Amounts falling due within one year 6 25,974 21,193
NET CURRENT (LIABILITIES)/ASSETS (10,663 ) 1,676
TOTAL ASSETS LESS CURRENT
LIABILITIES
(10,520
)
1,826

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 7 (10,620 ) 1,726
SHAREHOLDERS' FUNDS (10,520 ) 1,826

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 28 September 2017 and were signed on its behalf by:





Mrs V J Kemp - Director


The notes form part of these financial statements

2
KAT AROMATHERAPY LIMITED (REGISTERED NUMBER: 04939569)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 December 2016

1. STATUTORY INFORMATION

KAT Aromatherapy 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.

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.
Plant and machinery etc - 25% 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.

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 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.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are
charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 .

3
KAT AROMATHERAPY LIMITED (REGISTERED NUMBER: 04939569)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 December 2016

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2016 6,109
Additions 54
At 31 December 2016 6,163
DEPRECIATION
At 1 January 2016 5,959
Charge for year 61
At 31 December 2016 6,020
NET BOOK VALUE
At 31 December 2016 143
At 31 December 2015 150

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2016 2015
£    £   
Trade debtors 1,526 3,604

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2016 2015
£    £   
Trade creditors 885 1,879
VAT 1,709 2,015
Directors' current accounts 22,980 16,899
Accrued expenses 400 400
25,974 21,193

7. RESERVES
Retained
earnings
£   

At 1 January 2016 1,726
Deficit for the year (12,346 )
At 31 December 2016 (10,620 )

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included in creditors is an amount of £22,980 (2015: £16,898) owing to the director.

9. ULTIMATE CONTROLLING PARTY

The controlling party is Mrs V J Kemp.

4
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
KAT AROMATHERAPY LIMITED

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.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial
statements of KAT Aromatherapy Limited for the year ended 31 December 2016 which comprise the Income Statement, Balance
Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of KAT Aromatherapy Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of KAT Aromatherapy Limited and state those matters that we have agreed to state to the Board of Directors of KAT Aromatherapy Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than KAT Aromatherapy Limited Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that KAT Aromatherapy Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of KAT Aromatherapy Limited. You consider that KAT Aromatherapy Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of KAT Aromatherapy Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Mitchell Glanville Limited
41 Rodney Road
Cheltenham
Gloucestershire
GL50 1HX


28 September 2017

This page does not form part of the statutory financial statements

5