Kloeckner Chemical Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 04111394 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2017

for

Kloeckner Chemical Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Dr D B Kruger

L Ranger

SECRETARY:

P H Whiteside

REGISTERED OFFICE:

277-279 Chiswick High Road

Chiswick

London

W4 4PU

REGISTERED NUMBER:

04111394 (England and Wales)

ACCOUNTANTS:

Freeman Carr

Chartered Certified Accountants

The Gatehouse

2 Devonhurst Place

Heathfield Terrace

Chiswick

London

W4 4JD

CURRENT ASSETS

Debtors

4

150

-

Investments

5

102,336

-

Cash at bank

316,013

479,544

418,499

479,544

CREDITORS

Amounts falling due within one year

6

13,650

5,900

NET CURRENT ASSETS

404,849

473,644

TOTAL ASSETS LESS CURRENT LIABILITIES

404,849

473,644

CAPITAL AND RESERVES

Called up share capital

7

555,000

555,000

Capital redemption reserve

8

7,500

7,500

Retained earnings

8

(157,651

)

(88,856

)

SHAREHOLDERS' FUNDS

404,849

473,644

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 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 25 September 2017 and were signed on its behalf by:

Dr D B Kruger - Director

1.	STATUTORY INFORMATION

Kloeckner Chemical 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Other debtors

150

-

5.	CURRENT ASSET INVESTMENTS

31.3.17

31.3.16

£

£

Other

102,336

-

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Directors' current accounts

2,500

2,500

Accrued expenses

11,150

3,400

13,650

5,900

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.17

31.3.16

value:

£

£

5,000

Ordinary class A

£1

5,000

5,000

5,000

Ordinary class B

£1

-

-

550,000

Preference Shares B

£1

550,000

550,000

555,000

555,000

8.

RESERVES

Capital

Retained

redemption

earnings

reserve

Totals

£

£

£

At 1 April 2016

(88,856

)

7,500

(81,356

)

Deficit for the year

(68,795

)

(68,795

)

At 31 March 2017

(157,651

)

7,500

(150,151

)

9.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting

Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of

Ireland', not to disclose related party transactions with wholly owned subsidiaries within the

group.