H & K Corporation (Kent) Ltd - Accounts to registrar (filleted) - small 17.3
H & K Corporation (Kent) Ltd - Accounts to registrar (filleted) - small 17.3
REGISTERED NUMBER: |
Financial Statements for the Year Ended 31 March 2017 |
for |
H & K Corporation (Kent) Ltd |
H & K Corporation (Kent) Ltd (Registered number: 07335324) |
Contents of the Financial Statements |
for the Year Ended 31 March 2017 |
Page |
Company Information | 1 |
Abridged Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
H & K Corporation (Kent) Ltd |
Company Information |
for the Year Ended 31 March 2017 |
DIRECTOR: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
The Gatehouse |
453 Cranbrook Road |
Ilford |
Essex |
IG2 6EW |
BANKERS: |
153 North Street |
Brighton |
East Sussex |
BN1 1SW |
H & K Corporation (Kent) Ltd (Registered number: 07335324) |
Abridged Balance Sheet |
31 March 2017 |
31.3.17 | 31.3.16 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
Tangible assets | 5 |
CURRENT ASSETS |
Stocks |
Debtors |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
CREDITORS |
Amounts falling due after more than one year |
NET LIABILITIES | ( |
) | ( |
) |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
The director acknowledges her 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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
H & K Corporation (Kent) Ltd (Registered number: 07335324) |
Abridged Balance Sheet - continued |
31 March 2017 |
The financial statements were approved by the director on |
H & K Corporation (Kent) Ltd (Registered number: 07335324) |
Notes to the Financial Statements |
for the Year Ended 31 March 2017 |
1. | STATUTORY INFORMATION |
H & K Corporation (Kent) Ltd is a |
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 |
The director has given the company assurances of her continued financial support for the foreseeable future. On |
this basis, the director consider it appropriate to prepare the financial statements on the going concern basis. |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, |
value added tax and other sales taxes. |
Goodwill |
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 |
Plant and machinery | - |
Fixtures, fittings & equipment | - |
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. |
H & K Corporation (Kent) Ltd (Registered number: 07335324) |
Notes to the Financial Statements - continued |
for the Year Ended 31 March 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. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | INTANGIBLE FIXED ASSETS |
Totals |
£ |
COST |
At 1 April 2016 |
and 31 March 2017 |
AMORTISATION |
At 1 April 2016 |
Amortisation for year |
At 31 March 2017 |
NET BOOK VALUE |
At 31 March 2017 |
At 31 March 2016 |
5. | TANGIBLE FIXED ASSETS |
Totals |
£ |
COST |
At 1 April 2016 |
Additions |
At 31 March 2017 |
DEPRECIATION |
At 1 April 2016 |
Charge for year |
At 31 March 2017 |
NET BOOK VALUE |
At 31 March 2017 |
At 31 March 2016 |
6. | RELATED PARTY DISCLOSURES |
During the year, the company entered into transactions at arms length with H & K Corporation Limited, H & K |
Corporation ( London Rd ) Limited and H & K Accounting Services Limited, companies in which Ms K Singh is |
the director and 100% shareholder. All related party transactions are reflected in the above debtors and creditors |
notes. |
H & K Corporation (Kent) Ltd (Registered number: 07335324) |
Notes to the Financial Statements - continued |
for the Year Ended 31 March 2017 |
7. | ULTIMATE CONTROLLING PARTY |
The ultimate controlling party is |
8. | FIRST YEAR ADOPTION |
This is the first year that the company has presented its results under FRS 102. The last financial statements |
under previous UK GAAP were for the year ended 31 March 2016 and the date of transition to FRS 102 was 1 |
April 2015. |
There were no changes in accounting policies under FRS 102 which were applicable to the company. |