Kiln Services Limited - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 02738154 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2018

FOR

KILN SERVICES LIMITED

Page

Company Information

1

Chartered Certified Accountant's Report

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTORS:

J Commons

Mrs J A Commons

SECRETARY:

Mrs J A Commons

REGISTERED OFFICE:

49 High Street

Burnham on Crouch

Essex

CM0 8AG

REGISTERED NUMBER:

02738154 (England and Wales)

ACCOUNTANT:

Courts & Co.

Lescott Courts Limited

Chartered Certified Accountants

49 High Street

Burnham on Crouch

Essex

CM0 8AG

BANKERS:

HSBC Plc

109 High Street

Billericay

Essex

CM12 9AN

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 Balance Sheet. 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, I have prepared for your approval the financial

statements of Kiln Services Limited for the year ended 31 March 2018 which comprise the Income Statement, Balance

Sheet and the related notes from the company's accounting records and from information and explanations you have

given me.

As a practising member of the Association of Chartered Certified Accountants, I am 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 Kiln Services Limited, as a body, in accordance with my terms of engagement. My work has been undertaken solely to prepare for your approval the financial statements of Kiln Services Limited and state those matters that I have agreed to state to the Board of Directors of Kiln Services 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, I do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for my work or for this report.

It is your duty to ensure that Kiln Services 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 Kiln Services Limited. You consider that Kiln Services Limited is exempt from the statutory audit requirement for the year.

I have not been instructed to carry out an audit or a review of the financial statements of Kiln Services Limited. For this reason, I have not verified the accuracy or completeness of the accounting records or information and explanations you have given to me and I do not, therefore, express any opinion on the statutory financial statements.

Courts & Co.

Lescott Courts Limited

Chartered Certified Accountants

49 High Street

Burnham on Crouch

Essex

CM0 8AG

22 June 2018

FIXED ASSETS

Tangible assets

4

377,242

373,766

CURRENT ASSETS

Stocks

20,774

5,000

Debtors

5

71,975

227,160

Cash at bank and in hand

311,320

438,986

404,069

671,146

CREDITORS

Amounts falling due within one year

6

141,382

149,905

NET CURRENT ASSETS

262,687

521,241

TOTAL ASSETS LESS CURRENT LIABILITIES

639,929

895,007

PROVISIONS FOR LIABILITIES

1,285

751

NET ASSETS

638,644

894,256

CAPITAL AND RESERVES

Called up share capital

530

1,000

Capital redemption reserve

470

-

Retained earnings

637,644

893,256

SHAREHOLDERS' FUNDS

638,644

894,256

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 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 22 June 2018 and were signed on its behalf by:

J Commons - Director

Mrs J A Commons - Director

1.	STATUTORY INFORMATION

Kiln Services 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.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on 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.

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 11 (2017 - 8 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 April 2017

335,946

22,369

15,733

At 31 March 2018

335,946

22,369

15,733

DEPRECIATION

At 1 April 2017

-

17,810

15,050

Charge for year

-

684

102

At 31 March 2018

-

18,494

15,152

NET BOOK VALUE

At 31 March 2018

335,946

3,875

581

At 31 March 2017

335,946

4,559

683

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 April 2017

91,637

4,647

470,332

Additions

14,284

2,258

16,542

At 31 March 2018

105,921

6,905

486,874

DEPRECIATION

At 1 April 2017

61,308

2,398

96,566

Charge for year

11,153

1,127

13,066

At 31 March 2018

72,461

3,525

109,632

NET BOOK VALUE

At 31 March 2018

33,460

3,380

377,242

At 31 March 2017

30,329

2,249

373,766

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

71,522

224,853

Other debtors

453

2,307

71,975

227,160

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade creditors

60,055

29,718

Taxation and social security

54,663

97,896

Other creditors

26,664

22,291

141,382

149,905

7.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr and Mrs J Commons, the directors of the company..