KG Engineering Services (Silverdale) Limited - Accounts

K G ENGINEERING SERVICES (SILVERDALE) LIMITED - Company Information

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Registered Number : 04585208

England and Wales

KG ENGINEERING SERVICES (SILVERDALE) LIMITED

Unaudited Financial Statements

Period of accounts

Start date: 01 April 2016

End date: 31 March 2017

KG Engineering Services (Silverdale) Limited
Contents Page
For the year ended 31 March 2017

Company Information
Accountants' Report
Statement of Financial Position
Notes to the Financial Statements

KG Engineering Services (Silverdale) Limited
Company Information
For the year ended 31 March 2017

Director	K Gregory
Registered Number	04585208
Registered Office	Croziers Croft Moss Lane Silverdale Lancashire LA5 0SS
Accountants	Kazbor Services Limited 102 Fairhope Avenue Bare Morecambe Lancashire LA4 6LA
Secretary	Mrs F Gregory
Bankers	Yorkshire Bank 45 Penny Street Lancaster Lancashire LA1 1UE

KG Engineering Services (Silverdale) Limited Accountants' Report For the year ended 31 March 2017
As described in the Statement of Financial Position you are responsible for the preparation of the financial statements for the year ended 31 March 2017 and you consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us. .................................................... Kazbor Services Limited 102 Fairhope Avenue Bare Morecambe Lancashire LA4 6LA 22 December 2017 2

KG Engineering Services (Silverdale) Limited
Accountants' Report
For the year ended 31 March 2017

As described in the Statement of Financial Position you are responsible for the preparation of the financial statements for the year ended 31 March 2017 and you consider that the company is exempt from an audit under the Companies Act 2006.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

....................................................
Kazbor Services Limited
102 Fairhope Avenue
Bare
Morecambe
Lancashire
LA4 6LA
22 December 2017

Registered Number: 04585208 KG Engineering Services (Silverdale) Limited
Statement of Financial Position
As at 31 March 2017

	Notes	2017 £	2016 £
Fixed assets
Tangible fixed assets	2	2,562	5,449
		2,562	5,449
Current assets
Stocks	3	500	500
Debtors	4	15,217	43,033
Cash at bank and in hand		86,078	6,886
		101,795	50,419
Creditors: amount falling due within one year	5	(59,937)	(41,126)
Net current assets		41,858	9,293

Total assets less current liabilities		44,420	14,742
Provisions for liabilities	6	(487)	-
Net assets		43,933	14,742

Capital and reserves
Called up share capital	7	130	130
Profit and loss account		43,803	14,612
Shareholders funds		43,933	14,742

For the year ended 31 March 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's Responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts

These accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The directors have elected not to include the profit and loss account within the financial statements.

Signed on behalf of the board of directors

--------------------------------
K Gregory
Director

Date approved by the board: 22 December 2017

KG Engineering Services (Silverdale) Limited
Notes to the Financial Statements
For the year ended 31 March 2017

Statutory Information

KG Engineering Services (Silverdale) Limited is a private limited company, limited by shares, domiciled in England and Wales, registration number 04585208.

The presentation currency is £ sterling.

Accounting Policies

Basis of accounting

The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Financial Reporting Standard for Smaller Entities (effective January 2016).

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Deferred taxation

Deferred tax is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

Dividends

Dividends that are deemed to have been voted and paid during the period are included in these financial statements. Proposed dividends are only included as liabilities in the financial statements when their payment has been approved by the shareholders prior to the balance sheet date.

Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Motor Vehicles	20% Straight Line
Plant and Machinery	20% Straight Line

Stocks and long term contracts

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Debtors include amounts recoverable on long term contracts which are stated at the net sales value of the work done less provisions for contingencies, anticipated losses and amounts received on account. Any excess progress payments are included in creditors as payments on account.

Provisions

Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.

Tangible fixed assets

Cost or Valuation	Plant and Machinery	Motor Vehicles	Total
	£	£	£
At 01 April 2016	20,885	5,250	26,135
Additions	-	-	-
Disposals	-	-	-
At 31 March 2017	20,885	5,250	26,135
Depreciation
At 01 April 2016	16,486	4,200	20,686
Charge for year	2,487	400	2,887
On disposals	-	-	-
At 31 March 2017	18,973	4,600	23,573
Net book values
Closing balance as at 31 March 2017	1,912	650	2,562
Opening balance as at 01 April 2016	4,399	1,050	5,449

Stocks

	2017 £		2016 £
Raw Materials	500		500
	500		500

Debtors: amounts falling due within one year

	2017 £	2016 £
Trade Debtors	14,119	39,917
Amounts Recoverable on Contracts	1,098	3,116
	15,217	43,033

Creditors: amount falling due within one year

	2017 £	2016 £
Trade Creditors	4,053	5,380
Corporation Tax	409	-
PAYE & Social Security	4,870	2,871
Accrued Expenses	675	2,526
Directors' Current Accounts	40,732	24,553
VAT	9,198	5,796
	59,937	41,126

Provisions for liabilities

	2017 £		2016 £
Charged to Profit & Loss	487		-
	487		-

Provisions shown above are attributable to deferred tax relating to capital allowances claimed in excess of depreciation.

Share Capital

Allotted	2017 £	2016 £
100 Ordinary shares of £1.00 each	100	100
30 Letter Class shares of £1.00 each	30	30
	130	130

Staff Costs

	2017	2016

Average number of employees during the year	Number	Number
Administration	2	2
	2	2