KJL (Scotland) Ltd - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: SC132231 (Scotland)

Financial Statements for the Year Ended 31 March 2017

for

KJL (SCOTLAND) LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

H J Lewis

REGISTERED OFFICE:

3 Primrosebank Avenue

Cults

Aberdeen

Aberdeenshire

AB15 9PD

REGISTERED NUMBER:

SC132231 (Scotland)

ACCOUNTANTS:

Account Tax Ltd

Chartered Certified Accountants

12 Traill Drive

Montrose

Angus

DD10 8SW

FIXED ASSETS

Tangible assets

3

153,796

153,961

CURRENT ASSETS

Cash at bank

3,241

17,751

CREDITORS

Amounts falling due within one year

4

1,301

3,055

NET CURRENT ASSETS

1,940

14,696

TOTAL ASSETS LESS CURRENT LIABILITIES

155,736

168,657

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

155,734

168,655

SHAREHOLDERS' FUNDS

155,736

168,657

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 Profit & Loss Account has not been delivered.

The financial statements were approved by the director on 6 December 2017 and were signed by:

H J Lewis - Director

1.	STATUTORY INFORMATION

KJL (Scotland) Ltd is a private company, limited by shares , registered in Scotland. 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss

Account, 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 material 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.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

and

Computer

property

fittings

equipment

Totals

£

£

£

£

COST

At 1 April 2016

and 31 March 2017

153,306

5,005

11,691

170,002

DEPRECIATION

At 1 April 2016

-

4,847

11,194

16,041

Charge for year

-

40

125

165

At 31 March 2017

-

4,887

11,319

16,206

NET BOOK VALUE

At 31 March 2017

153,306

118

372

153,796

At 31 March 2016

153,306

158

497

153,961

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Taxation and social security

411

776

Other creditors

890

2,279

1,301

3,055

5.	RELATED PARTY DISCLOSURES

During the year, total dividends of £14,400 (2016 - £28,800) were paid to the director .

The company was under the control of the director HJ Lewis throughout the current and previous

year.

During the year, the director advanced the company net amounts totalling £216. As at 31 March 2017

included within other creditors is a balance outstanding due to the director of £290 (2016 - £74). No

interest was paid on this loan.