Company Registration No. 10372527 (England and Wales)
3KIN LTD
Unaudited accounts
for the period from 13 September 2016 to 30 June 2017
3KIN LTD
Unaudited accounts
Contents
3KIN LTD
Company Information
for the period from 13 September 2016 to 30 June 2017
Directors
Shabbir Ahmed Osman
Rohena Banu Osman
Shakeel Osman
Mehzabeen Shakeel Osman
Company Number
10372527 (England and Wales)
Registered Office
2 Limes Close
Bushby
Leicester
LE7 9SR
England
Accountants
Ghumra & Co Limited
45 Broadway Road
Leicester
LE5 5TB
3KIN LTD
Statement of financial position
as at 30 June 2017
Cash at bank and in hand
4,579
Creditors: amounts falling due within one year
(67,598)
Net current liabilities
(47,261)
Called up share capital
300
Profit and loss account
(8,802)
Shareholders' funds
(8,502)
For the period ending 30 June 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 23 April 2018.
Shabbir Ahmed Osman
Director
Company Registration No. 10372527
3KIN LTD
Notes to the Accounts
for the period from 13 September 2016 to 30 June 2017
3KIN LTD is a private company, limited by shares, registered in England and Wales, registration number 10372527. The registered office is 2 Limes Close, Bushby, Leicester, LE7 9SR, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% straight line
Fixtures & fittings
20% straight line
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
3KIN LTD
Notes to the Accounts
for the period from 13 September 2016 to 30 June 2017
4
Intangible fixed assets
Other
Charge for the period
3,000
5
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 13 September 2016
-
-
-
Additions
15,346
18,109
33,455
At 30 June 2017
15,346
18,109
33,455
Charge for the period
3,073
3,623
6,696
At 30 June 2017
3,073
3,623
6,696
At 30 June 2017
12,273
14,486
26,759
8
Creditors: amounts falling due within one year
2017
Obligations under finance leases and hire purchase contracts
457
Taxes and social security
1,544
Loans from directors
42,145
3KIN LTD
Notes to the Accounts
for the period from 13 September 2016 to 30 June 2017
9
Operating lease commitments
2017
At 30 June 2017 the company has commitments under non-cancellable operating leases as follows:
Operating leases expiring:
10
Average number of employees
During the period the average number of employees was 17.
