Kent Accountants Ltd - Limited company accounts 18.2

REGISTERED NUMBER: 06376048 (England and Wales)

Report of the Directors and

Unaudited Financial Statements for the Year Ended 30 September 2018

for

Kent Accountants Ltd

Page

Company Information

1

Report of the Directors

2

Income Statement

3

Balance Sheet

4

Notes to the Financial Statements

5

DIRECTORS:

A F Keeves

Ms R R Keeves

SECRETARY:

REGISTERED OFFICE:

Unit C3 Knights Park Industrial Estate,

Knight Road,

Rochester,

Kent,

ME2 2LS.

REGISTERED NUMBER:

06376048 (England and Wales)

ACCOUNTANTS:

I.B.C.

Unit C3 Knights Park Industrial Estate,

Knight Road,

Rochester,

Kent,

ME2 2LS.

The directors present their report with the financial statements of the company for the year ended 30 September 2018.

DIRECTORS

A F Keeves has held office during the whole of the period from 1 October 2017 to the date of this report.

Other changes in directors holding office are as follows:

Ms R R Keeves - appointed 11 April 2018

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small

companies.

ON BEHALF OF THE BOARD:

A F Keeves - Director

9 October 2018

TURNOVER

1,500

-

Distribution costs

59

79

Administrative expenses

389

388

448

467

OPERATING PROFIT/(LOSS) and

PROFIT/(LOSS) BEFORE TAXATION

1,052

(467

)

Tax on profit/(loss)

51

-

PROFIT/(LOSS) FOR THE FINANCIAL YEAR

1,001

(467

)

FIXED ASSETS

Tangible assets

4

178

237

Investments

5

60

238

297

CURRENT ASSETS

Debtors

6

6,458

6,146

CREDITORS

Amounts falling due within one year

7

52

-

NET CURRENT ASSETS

6,406

6,146

TOTAL ASSETS LESS CURRENT
LIABILITIES

6,644

6,443

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

6,544

6,343

6,644

6,443

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 9 October 2018 and were signed on its behalf by:

A F Keeves - Director

1.	STATUTORY INFORMATION

Kent Accountants Ltd 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.

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.	OPERATING PROFIT/(LOSS)

The operating profit (2017 - operating loss) is stated after charging:

30.9.18

30.9.17

£

Depreciation - owned assets

59

79

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 October 2017

and 30 September 2018

421

DEPRECIATION

At 1 October 2017

184

Charge for year

59

At 30 September 2018

243

NET BOOK VALUE

At 30 September 2018

178

At 30 September 2017

237

5.	FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:

30.9.18

30.9.17

£

Formation Expenses

60

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.18

30.9.17

£

Trade debtors

6,458

6,146

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.18

30.9.17

£

Trade creditors

1

-

Taxation and social security

51

-

52

-