Buildkent Limited - Limited company accounts 16.3

REGISTERED NUMBER: 10063462 (England and Wales)

Report of the Director and

Unaudited Financial Statements for the Period 15 March 2016 to 31 March 2017

for

Buildkent Limited

Page

Company Information

1

Report of the Director

2

Profit and Loss Account

3

Balance Sheet

4

Notes to the Financial Statements

5

DIRECTOR:

S Hughes

REGISTERED OFFICE:

22 Wear Bay Crescent

Folkestone

Kent

CT19 6AX

REGISTERED NUMBER:

10063462 (England and Wales)

ACCOUNTANTS:

Carter and Co

49 Cherry Garden Lane

Folkestone

Kent

CT19 4AS

The director presents his report with the financial statements of the company for the period 15 March 2016 to 31 March 2017.

INCORPORATION

The company was incorporated on 15 March 2016 and commenced trading on the same date.

PRINCIPAL ACTIVITY

The principal activity of the company in the period under review was that of the construction of new homes

DIRECTORS

The directors who have held office during the period from 15 March 2016 to the date of this report are as follows:

G R B Dono - appointed 15 March 2016 - resigned 16 March 2016

S Hughes - appointed 16 March 2016

The director who is eligible offers himself for election at the forthcoming first Annual General Meeting.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small

companies.

ON BEHALF OF THE BOARD:

S Hughes - Director

14 December 2017

TURNOVER

522,773

Cost of sales

480,965

GROSS PROFIT

41,808

Administrative expenses

5,634

OPERATING PROFIT

2

36,174

Interest receivable and similar income

1

PROFIT ON ORDINARY ACTIVITIES
BEFORE TAXATION

36,175

Tax on profit on ordinary activities

3

6,913

PROFIT FOR THE FINANCIAL PERIOD

29,262

CURRENT ASSETS

Debtors

5

25,499

Cash at bank

648

26,147

CREDITORS

Amounts falling due within one year

6

25,967

NET CURRENT ASSETS

180

TOTAL ASSETS LESS CURRENT
LIABILITIES

180

CAPITAL AND RESERVES

Called up share capital

7

1

Profit and loss account

8

179

SHAREHOLDERS' FUNDS

180

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies and with the Financial Reporting Standard for Smaller Entities (effective January 2015).

The financial statements were approved by the director on 14 December 2017 and were signed by:

S Hughes - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

2.	OPERATING PROFIT

The operating profit is stated after charging:

£

Directors' remuneration and other benefits etc

-

3.

TAXATION

Analysis of the tax charge

The tax charge on the profit on ordinary activities for the period was as follows:

£

Current tax:

UK corporation tax

6,913

Tax on profit on ordinary activities

6,913

4.

DIVIDENDS

£

Ordinary share of 1

Final

29,083

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade debtors

6,500

Other debtors

18,999

25,499

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Taxation and social security

25,967

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

1

Ordinary

1

8.

RESERVES

Profit

and loss

account

£

Profit for the period

29,262

Dividends

(29,083

)

At 31 March 2017

179