KC Controls Service LLP - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: OC351119 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2017

for

KC Controls Service LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DESIGNATED MEMBERS:

K.C. Controls Limited

A Carter

M I Robinson

A B Wort

S Clevett

REGISTERED OFFICE:

17 Bell Centre

Newton Road

Crawley

West Sussex

RH10 9FZ

REGISTERED NUMBER:

OC351119 (England and Wales)

ACCOUNTANTS:

Bullimores LLP

Chartered Accountants

Old Printers Yard

156 South Street

Dorking

Surrey

RH4 2HF

FIXED ASSETS

Tangible assets

4

22,523

9,114

CURRENT ASSETS

Stocks

21,732

1,634

Debtors

5

182,409

129,779

Cash at bank

734

101,846

204,875

233,259

CREDITORS

Amounts falling due within one year

6

50,097

61,178

NET CURRENT ASSETS

154,778

172,081

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS

177,301

181,195

LOANS AND OTHER DEBTS DUE TO MEMBERS

-

-

MEMBERS' OTHER INTERESTS

Capital accounts

177,301

181,195

177,301

181,195

TOTAL MEMBERS' INTERESTS

Members' other interests

177,301

181,195

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 31 December 2017.

The members acknowledge their responsibilities for:

(a)	ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the LLP 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 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to small LLPs.

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered.

The financial statements were approved by the members of the LLP on 25 September 2018 and were signed by:

A Carter - Designated member

1.	STATUTORY INFORMATION

KC Controls Service LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on

the General Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

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 requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents the provision of net invoiced after sales service and support including commissioning and life time support of plant

and products.

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 etc

-

25% on cost

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.

At each reporting date, assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss.

If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and an impairment loss is

recognised immediately in the income statement.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Pension costs and other post-retirement benefits

The LLP operates a defined contribution pension scheme. Contributions payable to the LLP's pension scheme are charged to profit or

loss in the period to which they relate.

3.	EMPLOYEE INFORMATION

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

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2017

19,664

Additions

19,999

At 31 December 2017

39,663

DEPRECIATION

At 1 January 2017

10,550

Charge for year

6,590

At 31 December 2017

17,140

NET BOOK VALUE

At 31 December 2017

22,523

At 31 December 2016

9,114

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.17

31.12.16

£

£

Trade debtors

89,675

129,779

Amounts owed by associates

92,207

-

Other debtors

527

-

182,409

129,779

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.17

31.12.16

£

£

Trade creditors

34,779

41,163

Social security and other taxes

1,701

2,120

VAT

13,617

16,895

Accrued expenses

-

1,000

50,097

61,178

7.	RELATED PARTY DISCLOSURES

During the year, KC Controls Service LLP invoiced goods and services services to the value of £5,943 (2016 - £4,515) to KC Controls

(UK) LLP, an entity with the same members. KC Controls (UK) LLP recharged administrative expenses of £21,189 (2016 - £32,987).

At the year end, a net balance of £92,207 was owed by KC Controls (UK) LLP to KC Controls Service LLP (2016: £8,999 by KC

Controls Service LLP to KC Controls (UK) LLP).