KVB Build & Interiors Ltd - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 08760537 (England and Wales)

Financial Statements

for the Year Ended 31st December 2017

for

KVB Build & Interiors Ltd

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

K J Beard

Mrs L P Beard

SECRETARY:

Mrs L P Beard

REGISTERED OFFICE:

2 West Street

Henley On Thames

Oxfordshire

RG9 2DU

REGISTERED NUMBER:

08760537 (England and Wales)

ACCOUNTANTS:

Buffery & Co Ltd

2 West Street

Henley On Thames

Oxfordshire

RG9 2DU

FIXED ASSETS

Tangible assets

4

410,273

-

CURRENT ASSETS

Stocks

101,135

410,273

Debtors

5

121,863

105,184

Cash at bank

1,079

6,555

224,077

522,012

CREDITORS

Amounts falling due within one year

528,308

360,141

NET CURRENT (LIABILITIES)/ASSETS

(304,231

)

161,871

TOTAL ASSETS LESS CURRENT LIABILITIES

106,042

161,871

CAPITAL AND RESERVES

Called up share capital

6

100

100

Retained earnings

105,942

161,771

SHAREHOLDERS' FUNDS

106,042

161,871

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31st December 2017 in accordance with Section 444(2A) of the Companies Act 2006.

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 3rd April 2018 and were signed on its behalf by:

Mrs L P Beard - Director

1.	STATUTORY INFORMATION

KVB Build & Interiors Ltd 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.

Tangible fixed assets

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

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing

stocks to their present location and condition.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet

date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction.

Exchange differences are taken into account in arriving at the operating result.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2016 - NIL ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

Reclassification/transfer

410,273

At 31st December 2017

410,273

NET BOOK VALUE

At 31st December 2017

410,273

5.

DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.17

31.12.16

£

£

Other debtors

100

100

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.17

31.12.16

value:

£

£

100

Ordinary

£1.00

100

100

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st December 2017 and

31st December 2016:

31.12.17

31.12.16

£

£

K J Beard

Balance outstanding at start of year

-

-

Amounts advanced

112,001

-

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

112,001

-