Kedan Logistics Limited - Accounts to registrar - small 17.1.1

Kedan Logistics Limited - Accounts to registrar - small 17.1.1

KEDAN LOGISTICS LIMITED - Company Information

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REGISTERED NUMBER: 05614012 (England and Wales)










Unaudited Financial Statements for the Year Ended 31 January 2017

for

Kedan Logistics Limited

Kedan Logistics Limited (Registered number: 05614012)






Contents of the Financial Statements
for the Year Ended 31 January 2017




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Kedan Logistics Limited

Company Information
for the Year Ended 31 January 2017







DIRECTORS: K P Borroughs
D W Soall



SECRETARY: K P Borroughs



REGISTERED OFFICE: 1 Schneider Close
Felixstowe
Suffolk
IP11 3SS



REGISTERED NUMBER: 05614012 (England and Wales)



ACCOUNTANTS: GMS Francis Clarks Limited
1 London Road
Ipswich
Suffolk
IP1 2HA



BANKERS: HSBC plc
66 Hamilton Road
Felixstowe
Suffolk
IP11 7AJ
Page 1
Kedan Logistics Limited (Registered number: 05614012)

Balance Sheet
31 January 2017

31.1.16 31.1.17
£    £    Notes £    £   
FIXED ASSETS
6,073 Tangible assets 4 16,621

CURRENT ASSETS
580,626 Debtors 5 528,989
228,049 Cash at bank and in hand 115,439
808,675 644,428
CREDITORS
637,161 Amounts falling due within one year 6 522,656
171,514 NET CURRENT ASSETS 121,772
177,587 TOTAL ASSETS LESS CURRENT
LIABILITIES
138,393

1,215 PROVISIONS FOR LIABILITIES 3,324
176,372 NET ASSETS 135,069

CAPITAL AND RESERVES
2 Called up share capital 2
176,370 Retained earnings 135,067
176,372 SHAREHOLDERS' FUNDS 135,069

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2017 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 notes form part of these financial statements

Page 2 continued...
Kedan Logistics Limited (Registered number: 05614012)

Balance Sheet - continued
31 January 2017


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 6 October 2017 and were signed on its behalf by:




K P Borroughs - Director



D W Soall - Director


The notes form part of these financial statements

Page 3
Kedan Logistics Limited (Registered number: 05614012)

Notes to the Financial Statements
for the Year Ended 31 January 2017

1. STATUTORY INFORMATION

Kedan Logistics 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

This is the first year that the company has presented its results under FRS 102 section 1A. The last set of financial
statements under UK GAAP were for the year to 31 January 2016. The date of transition to FRS 102 section 1A was
1 February 2016. There are no transitional adjustments arising from the first time adoption of FRS 102 section 1A.

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

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance
sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of
transaction. Exchange differences are taken into account in arriving at the operating result.

Page 4 continued...
Kedan Logistics Limited (Registered number: 05614012)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2017

2. ACCOUNTING POLICIES - continued

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 5 .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2016 35,902
Additions 17,219
Disposals (860 )
At 31 January 2017 52,261
DEPRECIATION
At 1 February 2016 29,829
Charge for year 6,670
Eliminated on disposal (859 )
At 31 January 2017 35,640
NET BOOK VALUE
At 31 January 2017 16,621
At 31 January 2016 6,073

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.17 31.1.16
£    £   
Trade debtors 521,359 571,070
Other debtors 7,630 9,556
528,989 580,626

Page 5 continued...
Kedan Logistics Limited (Registered number: 05614012)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2017

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.17 31.1.16
£    £   
Trade creditors 287,945 259,442
Taxation and social security 44,782 65,202
Other creditors 189,929 312,517
522,656 637,161

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The company paid a dividend to the shareholding directors of £210,552 (£270,000 - 2016).

8. ULTIMATE CONTROLLING PARTY

The directors of the company are the controlling parties.

Page 6