Alken Limited - Period Ending 2017-02-27

Registration number: 08362176

Alken Limited

Annual Report and Unaudited Financial Statements

for the Period from 1 March 2016 to 27 February 2017

Thomas Quinn
Accountants
15 Station Road
St Ives
Cambridgeshire
PE27 5BH

Alken Limited

Contents

Company Information	1
Accountants' Report	2
Balance Sheet	3
Notes to the Financial Statements	4 to 5

Alken Limited

Company Information

Director

Mr Kenneth James Kennison

Registered office

The Station House 15 Station Road St Ives Cambridgeshire PE27 5BH

Accountants

Thomas Quinn Accountants 15 Station Road St Ives Cambridgeshire PE27 5BH

Page 1

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Alken Limited
for the Period Ended 27 February 2017

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Alken Limited for the period ended 27 February 2017 as set out on pages 3 to 5 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 at
http://www.icaew.com/en/members/regulations-standards-and-guidance/.

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

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

We have not been instructed to carry out an audit or a review of the accounts of Alken 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 accounts.

Thomas Quinn
Accountants
15 Station Road
St Ives
Cambridgeshire
PE27 5BH

30 January 2018

Page 2

Alken Limited

(Registration number: 08362176)
Balance Sheet as at 27 February 2017

	Note	2017 £	2016 £
Current assets
Cash at bank and in hand		31,039	26,240
Creditors: Amounts falling due within one year	4	(18,783)	(12,980)
Net assets		12,256	13,260
Capital and reserves
Called up share capital		1	1
Profit and loss account		12,255	13,259
Total equity		12,256	13,260

For the financial period ending 27 February 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 period in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the director on 30 January 2018
 

 

Mr Kenneth James Kennison

Director

The notes on pages 4 to 5 form an integral part of these financial statements.

Page 3

Alken Limited

Notes to the Financial Statements for the Period from 1 March 2016 to 27 February 2017

1	General information

The company is a private company limited by share capital incorporated in UK.

The address of its registered office is:
The Station House
15 Station Road
St Ives
Cambridgeshire
PE27 5BH
United Kingdom

The principal place of business is:
242 Tithepit Shaw Lane
Warlingham
Surrey
CR6 9AQ

The accounts were authorised for issue on the date shown on the Director's report.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Page 4

Alken Limited

Notes to the Financial Statements for the Period from 1 March 2016 to 27 February 2017

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3	Staff numbers

The average number of persons employed by the company (including the director) during the period, was 1 (2016 - 1).

4

Creditors

	Note	2017 £	2016 £
Due within one year
Taxation and social security		8,249	7,065
Other creditors		10,534	5,915
		18,783	12,980

5

Dividends

Interim dividends paid

	2017 £	2016 £
Interim dividend of £34,000 (2016 - £24,000) per each Ordinary Share share	34,000	24,000

6	Related party transactions

Summary of transactions with other related parties

K J Kennsion, Director
 As at the Balance Sheet date K J Kennsion was owed £533 from the company (2016 - £5,914).
 

7	Parent and ultimate parent undertaking

The ultimate controlling party is K J Kennison.

Page 5