Kenlare Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 01662858

Unaudited Financial Statements

For The Year Ended 31 March 2017

for

Kenlare Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mrs J A Stokes

SECRETARY:

R J Stokes

REGISTERED OFFICE:

Goodridge Court

Goodridge Avenue

Gloucester

Gloucestershire

GL2 5EN

REGISTERED NUMBER:

01662858

ACCOUNTANTS:

Kingscott Dix Limited

Chartered Accountants

Goodridge Court

Goodridge Avenue

Gloucester

Gloucestershire

GL2 5EN

BANKERS:

Barclays Bank Plc

18 Southgate Street

Gloucester

GL1 2DJ

FIXED ASSETS

Tangible assets

4

-

111

CURRENT ASSETS

Stocks

120

120

Debtors

5

1,412

1,342

Cash at bank and in hand

80,904

68,957

82,436

70,419

CREDITORS

Amounts falling due within one year

6

35,926

30,050

NET CURRENT ASSETS

46,510

40,369

TOTAL ASSETS LESS CURRENT LIABILITIES

46,510

40,480

CAPITAL AND RESERVES

Called up share capital

7

100

100

Retained earnings

8

46,410

40,380

SHAREHOLDERS' FUNDS

46,510

40,480

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 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.

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 director on 21 June 2017 and were signed by:

Mrs J A Stokes - Director

1.	STATUTORY INFORMATION

Kenlare 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.

Short leasehold

-

10% on cost

Plant and machinery

-

15% on cost

Fixtures and fittings

-

15% 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 .

4.	TANGIBLE FIXED ASSETS

Fixtures

Short

Plant and

and

leasehold

machinery

fittings

Totals

£

£

£

£

COST

At 1 April 2016

and 31 March 2017

9,199

57,484

7,004

73,687

DEPRECIATION

At 1 April 2016

9,199

57,373

7,004

73,576

Charge for year

-

111

-

111

At 31 March 2017

9,199

57,484

7,004

73,687

NET BOOK VALUE

At 31 March 2017

-

-

-

-

At 31 March 2016

-

111

-

111

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Other debtors

731

731

Prepayments

681

611

1,412

1,342

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Tax

6,517

6,059

Directors' current accounts

22,161

20,811

Accrued expenses

7,248

3,180

35,926

30,050

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.17

31.3.16

value:

£

£

25

Ordinary "A"

£1

25

25

25

Ordinary "B"

£1

25

25

25

Ordinary "C"

£1

25

25

25

Ordinary "D"

£1

25

25

100

100

8.

RESERVES

Retained

earnings

£

At 1 April 2016

40,380

Profit for the year

25,930

Dividends

(19,900

)

At 31 March 2017

46,410

9.	RELATED PARTY DISCLOSURES

Transactions with the Director

During the year dividends of £12,500 (2016: £15,400) were paid to Mrs J A Stokes, the Director.

At as 31 March 2017 the company owed Mrs J A Stokes, the Director, £22,161 (2016: £20,811).

10.	ULTIMATE CONTROLLING PARTY

Mrs J A Stokes, the Director, is considered to be the ultimate controlling party behind the company.