Kenway Construction Limited - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 05135011

Unaudited Financial Statements for the Year Ended 31 December 2017

for

Kenway Construction Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

W Dewsbury

K Dewsbury

SECRETARY:

K Dewsbury

REGISTERED OFFICE:

6 Southdown Drive

Loughborough

Leics

LE11 3TE

REGISTERED NUMBER:

05135011

ACCOUNTANTS:

Elverstone Large Ltd

Chartered Certified Accountants

Temple Chambers

16A Belvoir Road

Coalville

Leics

LE67 3QE

FIXED ASSETS

Tangible assets

4

75,480

71,464

CURRENT ASSETS

Stocks

877

3,211

Debtors

5

84,486

57,741

Cash at bank and in hand

6,377

21,566

91,740

82,518

CREDITORS

Amounts falling due within one year

6

140,492

137,090

NET CURRENT LIABILITIES

(48,752

)

(54,572

)

TOTAL ASSETS LESS CURRENT LIABILITIES

26,728

16,892

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

26,628

16,792

SHAREHOLDERS' FUNDS

26,728

16,892

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 April 2018 and were signed on its behalf by:

W Dewsbury - Director

1.	STATUTORY INFORMATION

Kenway Construction Limited is a private company, limited by shares , registered in Not

specified/Other. 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.

Motor vehicles 25% reducing balance

Plant and machinery 15% 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2016 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2017

164,243

Additions

17,742

At 31 December 2017

181,985

DEPRECIATION

At 1 January 2017

92,779

Charge for year

13,726

At 31 December 2017

106,505

NET BOOK VALUE

At 31 December 2017

75,480

At 31 December 2016

71,464

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

84,486

57,741

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Hire purchase contracts

-

14,790

Trade creditors

79,900

46,256

Taxation and social security

37,376

40,354

Other creditors

23,216

35,690

140,492

137,090