Kent First Aid Training Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 04488357 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2017

FOR

KENT FIRST AID TRAINING LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

7

DIRECTORS:

P E Scutts

Mrs W Scutts

SECRETARY:

Mrs W Scutts

REGISTERED OFFICE:

41 Goodwood Crescent

Gravesend

Kent

DA12 5EZ

REGISTERED NUMBER:

04488357 (England and Wales)

ACCOUNTANTS:

Mumford & Co Limited

Sandall House

230 High Street

Herne Bay

Kent

CT6 5AX

FIXED ASSETS

Intangible assets

3

-

-

Tangible assets

4

1,786

515

1,786

515

CURRENT ASSETS

Stocks

1,525

1,000

Debtors

5

13,012

10,127

Cash at bank

22,092

34,480

36,629

45,607

CREDITORS

Amounts falling due within one year

6

22,547

29,770

NET CURRENT ASSETS

14,082

15,837

TOTAL ASSETS LESS CURRENT LIABILITIES

15,868

16,352

PROVISIONS FOR LIABILITIES

7

339

-

NET ASSETS

15,529

16,352

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

15,527

16,350

SHAREHOLDERS' FUNDS

15,529

16,352

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 15 December 2017 and were signed on its behalf by:

P E Scutts - Director

1.	STATUTORY INFORMATION

Kent First Aid Training 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2002, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Plant and machinery etc

-

25% on reducing balance

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.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 September 2016

and 31 August 2017

10,000

AMORTISATION

At 1 September 2016

and 31 August 2017

10,000

NET BOOK VALUE

At 31 August 2017

-

At 31 August 2016

-

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 September 2016

4,205

1,798

6,003

Additions

1,866

-

1,866

At 31 August 2017

6,071

1,798

7,869

DEPRECIATION

At 1 September 2016

4,101

1,387

5,488

Charge for year

492

103

595

At 31 August 2017

4,593

1,490

6,083

NET BOOK VALUE

At 31 August 2017

1,478

308

1,786

At 31 August 2016

104

411

515

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

12,107

9,265

Other debtors

905

862

13,012

10,127

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade creditors

4,700

2,832

Taxation and social security

6,030

10,876

Other creditors

11,817

16,062

22,547

29,770

7.	PROVISIONS FOR LIABILITIES

2017

2016

£

£

Deferred tax

339

-

Deferred

tax

£

Accelerated capital allowances

339

Balance at 31 August 2017

339

8.	ULTIMATE CONTROLLING PARTY

The company is controlled by Peter and Wendy Scutts who are the sole directors and shareholders.

9.	FIRST YEAR ADOPTION

There are no adjustments arising from the transition to FRS102 from UK GAAP which require disclosure.

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file

a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the

Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Kent First Aid Training Limited for the year ended 31 August 2017 which comprise the Income

Statement, Balance Sheet and the related notes from the company's accounting records and from information and

explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Kent First Aid Training Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Kent First Aid Training Limited and state those matters that we have agreed to state to the Board of Directors of Kent First Aid Training Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Kent First Aid Training Limited Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Kent First Aid Training Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Kent First Aid Training Limited. You consider that Kent First Aid Training Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Kent First Aid Training Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Mumford & Co Limited

Sandall House

230 High Street

Herne Bay

Kent

CT6 5AX

Date: .............................................