Kingsland Carpentry Limited - Accounts to registrar (filleted) - small 18.1
Kingsland Carpentry Limited - Accounts to registrar (filleted) - small 18.1
| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 31 March 2018 |
| for |
| Kingsland Carpentry Limited |
| Kingsland Carpentry Limited (Registered number: 06181732) |
| Contents of the Financial Statements |
| for the year ended 31 March 2018 |
| Page |
| Company information | 1 |
| Chartered certified accountants' report | 2 |
| Statement of financial position | 3 |
| Notes to the financial statements | 4 |
| Kingsland Carpentry Limited |
| Company Information |
| for the year ended 31 March 2018 |
| Directors: |
| Secretary: |
| Registered office: |
| Registered number: |
| Accountants: |
| Gloucester House |
| 399 Silbury Boulevard |
| Central Milton Keynes |
| Buckinghamshire |
| MK9 2AH |
| Chartered Certified Accountants' Report to the Board of Directors |
| on the Unaudited Financial Statements of |
| Kingsland Carpentry Limited |
| The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited |
| financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of financial |
| position. Readers are cautioned that the Income statement and certain other primary statements and the Report of the |
| directors are not required to be filed with the Registrar of Companies. |
| In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial |
| statements of Kingsland Carpentry Limited for the year ended 31 March 2018 which comprise the Income statement, Statement of |
| financial position and the related notes from the company's accounting records and from information and explanations you have |
| given us. |
| As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook. |
| This report is made solely to the Board of Directors of Kingsland Carpentry Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Kingsland Carpentry Limited and state those matters that we have agreed to state to the Board of Directors of Kingsland Carpentry Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report. |
| It is your duty to ensure that Kingsland Carpentry Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Kingsland Carpentry Limited. You consider that Kingsland Carpentry Limited is exempt from the statutory audit requirement for the year. |
| We have not been instructed to carry out an audit or a review of the financial statements of Kingsland Carpentry Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
| Gloucester House |
| 399 Silbury Boulevard |
| Central Milton Keynes |
| Buckinghamshire |
| MK9 2AH |
| Date: ............................................. |
| Kingsland Carpentry Limited (Registered number: 06181732) |
| Statement of Financial Position |
| 31 March 2018 |
| 2018 | 2017 |
| Notes | £ | £ |
| Fixed assets |
| Intangible assets | 4 |
| Tangible assets | 5 |
| Current assets |
| Debtors | 6 |
| Cash at bank |
| Creditors: amounts falling due within one year | 7 | ( |
) | ( |
) |
| Net current liabilities | ( |
) | ( |
) |
| Total assets less current liabilities |
| Provisions for liabilities | 8 | ( |
) |
| Net assets |
| Capital and reserves |
| Called up share capital |
| Retained earnings | 9 |
| 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. |
| 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 |
| Kingsland Carpentry Limited (Registered number: 06181732) |
| Notes to the Financial Statements |
| for the year ended 31 March 2018 |
| 1. | Statutory information |
| Kingsland Carpentry Limited is a |
| registered number and registered office address can be found on the Company Information page. |
| 2. | Accounting policies |
| Basis of preparing the financial statements |
| Contract income |
| Contract income is recognised in the accounts as the work is completed, after making allowances for any bad or doubtful |
| debts, and after consideration for the stage of completion of the projects. |
| Loss making contracts are recognised in full. |
| Income recognised but not yet invoiced is presented as amounts recoverable on contracts within current assets. |
| Costs incurred in the financial year are recognised when the contract work has been performed. |
| Goodwill |
| Tangible fixed assets |
| Plant and machinery | - |
| Fixtures and fittings | - |
| Motor vehicles | - |
| 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 statement of financial position date. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of |
| financial position 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 |
| Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire |
| purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over |
| their estimated useful lives or the lease term, whichever is the shorter. |
| The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the |
| future payments is treated as a liability. |
| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
| Kingsland Carpentry Limited (Registered number: 06181732) |
| Notes to the Financial Statements - continued |
| for the year ended 31 March 2018 |
| 2. | Accounting policies - continued |
| 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 |
| 4. | Intangible fixed assets |
| Goodwill |
| £ |
| Cost |
| At 1 April 2017 |
| and 31 March 2018 |
| Amortisation |
| At 1 April 2017 |
| Charge for year |
| At 31 March 2018 |
| Net book value |
| At 31 March 2018 |
| At 31 March 2017 |
| 5. | Tangible fixed assets |
| Fixtures |
| Plant and | and | Motor |
| machinery | fittings | vehicles | Totals |
| £ | £ | £ | £ |
| Cost |
| At 1 April 2017 |
| Additions |
| Disposals | ( |
) | ( |
) |
| At 31 March 2018 |
| Depreciation |
| At 1 April 2017 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) |
| At 31 March 2018 |
| Net book value |
| At 31 March 2018 |
| At 31 March 2017 |
| Kingsland Carpentry Limited (Registered number: 06181732) |
| Notes to the Financial Statements - continued |
| for the year ended 31 March 2018 |
| 6. | Debtors: amounts falling due within one year |
| 2018 | 2017 |
| £ | £ |
| Trade debtors |
| Amounts recoverable on contract |
| Other debtors |
| 7. | Creditors: amounts falling due within one year |
| 2018 | 2017 |
| £ | £ |
| Bank loans and overdrafts |
| Trade creditors |
| Corporation tax |
| Social security and other taxes |
| Other creditors |
| Accruals and deferred income |
| 8. | Provisions for liabilities |
| 2018 | 2017 |
| £ | £ |
| Deferred tax |
| Other timing differences |
| Deferred tax | ( |
) |
| - | 451 |
| Deferred tax |
| £ |
| Balance at 1 April 2017 |
| Provided during year | ( |
) |
| Balance at 31 March 2018 |
| 9. | Reserves |
| Retained |
| earnings |
| £ |
| At 1 April 2017 |
| Profit for the year |
| Dividends | ( |
) |
| At 31 March 2018 |