Kenkleen Limited - Accounts to registrar (filleted) - small 18.2

Kenkleen Limited - Accounts to registrar (filleted) - small 18.2

KENKLEEN LIMITED - Company Information

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KENKLEEN LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2018






KENKLEEN LIMITED (REGISTERED NUMBER: SC144064)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

KENKLEEN LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2018







DIRECTORS: A J K Oliver
M J W Oliver





SECRETARY: A J K Oliver





REGISTERED OFFICE: Priorwood Office 1
Melrose
Roxburghshire
TD6 9EG





REGISTERED NUMBER: SC144064 (Scotland)





ACCOUNTANTS: JRW
Chartered Accountants
19 Buccleuch Street
Hawick
Roxburghshire
TD9 0HL
Page 1
KENKLEEN LIMITED (REGISTERED NUMBER: SC144064)

BALANCE SHEET
31ST MARCH 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,502 5,884

CURRENT ASSETS
Stocks 5 850 850
Debtors 6 92,308 82,606
Cash at bank 64,157 96,428
157,315 179,884
CREDITORS
Amounts falling due within one year 7 62,452 66,700
NET CURRENT ASSETS 94,863 113,184
TOTAL ASSETS LESS CURRENT
LIABILITIES
101,365
119,068

PROVISIONS FOR LIABILITIES 1,171 1,171
NET ASSETS 100,194 117,897

CAPITAL AND RESERVES
Called up share capital 33,000 33,000
Retained earnings 67,194 84,897
SHAREHOLDERS' FUNDS 100,194 117,897

The notes form part of these financial statements

Page 2 continued...
KENKLEEN LIMITED (REGISTERED NUMBER: SC144064)

BALANCE SHEET - continued
31ST MARCH 2018


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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors on 20th August 2018 and were signed on
its behalf by:




A J K Oliver - Director



M J W Oliver - Director


The notes form part of these financial statements

Page 3
KENKLEEN LIMITED (REGISTERED NUMBER: SC144064)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2018

1. STATUTORY INFORMATION

Kenkleen Limited is a private company, limited by shares , registered in Scotland. 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 represents the value, net of value added tax and discounts, of work carried out in respect of
services provided to customers. Revenue is recognised in the accounting period in which the services
are rendered when the outcome of the contract can be measured reliably.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Equipment - 15% 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.

Financial assets
Basic financial assets, including trade and other debtors and bank balances, are initially recognised at
transaction price.
At the end of each reporting period financial assets measured at cost are assessed for evidence of
impairment. Any impairment loss is recognised in the Income and Expenditure Account.
Financial assets are derecognised when the contractual rights to the cash flows from the asset expire
or are settled.

Financial liabilities
Basic financial liabilities, including trade and other creditors, are initially recognised at transaction
price.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary
course of business from suppliers. These are classed as current liabilities is payment is due within one
year or less. If not they are presented as non-current liabilities.
Financial liabilities are decolonised when the liability is extinguished, that is when the contractual
obligation is discharged, cancelled or expires.


Page 4 continued...
KENKLEEN LIMITED (REGISTERED NUMBER: SC144064)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2018

2. ACCOUNTING POLICIES - continued
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.

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 31 (2017 - 27 ) .

4. TANGIBLE FIXED ASSETS
Equipment
£   
COST
At 1st April 2017 19,549
Additions 1,765
At 31st March 2018 21,314
DEPRECIATION
At 1st April 2017 13,665
Charge for year 1,147
At 31st March 2018 14,812
NET BOOK VALUE
At 31st March 2018 6,502
At 31st March 2017 5,884

Page 5 continued...
KENKLEEN LIMITED (REGISTERED NUMBER: SC144064)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2018

5. STOCKS
2018 2017
£    £   
Stocks 850 850

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade debtors 86,072 68,409
Other debtors 6,236 14,197
92,308 82,606

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade creditors 1,527 890
Taxation and social security 27,203 31,989
Other creditors 33,722 33,821
62,452 66,700

Page 6
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
KENKLEEN 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 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, we have prepared for your
approval the financial statements of Kenkleen Limited for the year ended 31st March 2018 which comprise
the Statement of Income and Retained Earnings, Balance Sheet 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 ICAS, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.

This report is made solely to the Board of Directors of Kenkleen 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 Kenkleen Limited and state those matters that we have agreed to state to the Board of Directors of Kenkleen Limited, as a body, in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. 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 Kenkleen 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 Kenkleen Limited. You consider that Kenkleen 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 Kenkleen 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.






JRW
Chartered Accountants
19 Buccleuch Street
Hawick
Roxburghshire
TD9 0HL


20th August 2018

This page does not form part of the statutory financial statements

Page 7