PKC (Dartford) Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 06686749 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 September 2017

for

PKC (Dartford) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

P Beard

REGISTERED OFFICE:

Spectrum House

2B Suttons Lane

Hornchurch

Essex

RM12 6RJ

REGISTERED NUMBER:

06686749 (England and Wales)

ACCOUNTANTS:

Johal & Company

Chartered Certified Accountants

Spectrum House

2B Suttons Lane

Hornchurch

Essex

RM12 6RJ

FIXED ASSETS

Tangible assets

4

17,754

1,493

CURRENT ASSETS

Stocks

4,000

4,150

Debtors

5

1,835

7,210

Cash at bank

30,635

28,849

36,470

40,209

CREDITORS

Amounts falling due within one year

6

57,583

1,198

NET CURRENT (LIABILITIES)/ASSETS

(21,113

)

39,011

TOTAL ASSETS LESS CURRENT LIABILITIES

(3,359

)

40,504

CREDITORS

Amounts falling due after more than one year

7

(10,136

)

(54,439

)

ACCRUALS AND DEFERRED INCOME

(600

)

(480

)

NET LIABILITIES

(14,095

)

(14,415

)

CAPITAL AND RESERVES

Called up share capital

200

200

Retained earnings

(14,295

)

(14,615

)

SHAREHOLDERS' FUNDS

(14,095

)

(14,415

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 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 director on 21 March 2018 and were signed by:

P Beard - Director

1.	STATUTORY INFORMATION

PKC (Dartford) 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.

First year adoption of Financial Reporting Standard 102 ( FRS 102) Section 1A

These financial statements for the year ended 30 September 2017 are the first that are prepared in accordance

with FRS 102 Section 1A. The previous financial statements were prepared in accordance with UK GAAP, the

date of transition to FRS 102 Section 1A is 1 October 2015.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

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

Motor vehicles

-

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.

Going concern

Although there are negative liabilities of £14,095, the director expects to see improvements in the near future and

has agreed to give his continued support for a period of no less than 12 months.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

fittings

vehicles

Totals

£

£

£

COST

At 1 October 2016

6,111

5,870

11,981

Additions

-

22,767

22,767

Disposals

-

(5,870

)

(5,870

)

At 30 September 2017

6,111

22,767

28,878

DEPRECIATION

At 1 October 2016

5,206

5,282

10,488

Charge for year

226

5,692

5,918

Eliminated on disposal

-

(5,282

)

(5,282

)

At 30 September 2017

5,432

5,692

11,124

NET BOOK VALUE

At 30 September 2017

679

17,075

17,754

At 30 September 2016

905

588

1,493

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.17

30.9.16

£

£

Trade debtors

1,835

7,210

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.17

30.9.16

£

£

Hire purchase contracts

4,505

-

Trade creditors

18,164

-

PAYE control account

144

117

Directors' loan accounts

34,770

1,081

57,583

1,198

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.9.17

30.9.16

£

£

Hire purchase contracts

10,136

-

Directors' loan accounts

-

54,439

10,136

54,439