Kingston Agricom Limited - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 06017919 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2017

for

Kingston Agricom Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M Graves

J Graves

T Allebone

SECRETARY:

J Graves

REGISTERED OFFICE:

59 Victoria Road

Surbiton

Surrey

KT6 4NQ

REGISTERED NUMBER:

06017919 (England and Wales)

ACCOUNTANTS:

Richard Morgan and Company

Chartered Accountants

59 Victoria Road

Surbiton

Surrey

KT6 4NQ

FIXED ASSETS

Tangible assets

4

11,972

15,682

CURRENT ASSETS

Debtors

5

88,507

109,768

Cash at bank

289,027

328,104

377,534

437,872

CREDITORS

Amounts falling due within one year

6

152,905

180,307

NET CURRENT ASSETS

224,629

257,565

TOTAL ASSETS LESS CURRENT LIABILITIES

236,601

273,247

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

236,501

273,147

SHAREHOLDERS' FUNDS

236,601

273,247

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

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

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 29 May 2018 and were signed on its behalf by:

M Graves - Director

1.	STATUTORY INFORMATION

Kingston Agricom 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.

Tangible fixed assets

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

Furniture & Equipment

-

10% on cost

Computer equipment

-

25% on cost

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period

of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the

company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2016 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Furniture

Computer

& Equipment

equipment

Totals

£

£

£

COST

At 1 January 2017

1,096

31,452

32,548

Additions

-

1,790

1,790

At 31 December 2017

1,096

33,242

34,338

DEPRECIATION

At 1 January 2017

1,096

15,770

16,866

Charge for year

-

5,500

5,500

At 31 December 2017

1,096

21,270

22,366

NET BOOK VALUE

At 31 December 2017

-

11,972

11,972

At 31 December 2016

-

15,682

15,682

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.17

31.12.16

£

£

Trade debtors

87,382

109,768

Prepayments and accrued income

1,125

-

88,507

109,768

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.17

31.12.16

£

£

Trade creditors

13

105

Corporation tax

73,909

74,617

Social security and other taxes

195

113

VAT

17,563

20,874

Directors' current accounts

57,225

80,598

Accruals and deferred income

4,000

4,000

152,905

180,307

7.	RELATED PARTY DISCLOSURES

During the year, total dividends of £336,126 (2016 - £217,006) were paid to the directors .