Kenfan Industries Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09839261 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2018

FOR

KENFAN INDUSTRIES LIMITED

Page

Company Information

1

Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

4

to

6

DIRECTOR:

Mr P A Lowe

REGISTERED OFFICE:

57 London Road

High Wycombe

Buckinghamshire

HP11 1BS

BUSINESS ADDRESS:

Mandalay

Bradcutts Lane

Cookham Dean

Berkshire

SL6 9AA

REGISTERED NUMBER:

09839261 (England and Wales)

ACCOUNTANTS:

Seymour Taylor Audit Limited

57 London Road

High Wycombe

Buckinghamshire

HP11 1BS

The following reproduces the text of the report prepared for the director 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 Director 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 Kenfan Industries Limited for the year ended 28 February 2018 which comprise

the Income Statement, Balance Sheet, Statement of Changes in Equity 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 Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Kenfan Industries Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Kenfan Industries Limited and state those matters that we have agreed to state to the director of Kenfan Industries Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Kenfan Industries Limited and its director for our work or for this report.

It is your duty to ensure that Kenfan Industries 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 Kenfan Industries Limited. You consider that Kenfan Industries 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 Kenfan Industries 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.

Seymour Taylor Audit Limited

57 London Road

High Wycombe

Buckinghamshire

HP11 1BS

16 November 2018

FIXED ASSETS

Tangible assets

4

689

933

CURRENT ASSETS

Stocks

42,999

40,447

Debtors

5

47,035

21,837

Cash at bank

16,026

122,897

106,060

185,181

CREDITORS

Amounts falling due within one year

6

70,314

83,937

NET CURRENT ASSETS

35,746

101,244

TOTAL ASSETS LESS CURRENT LIABILITIES

36,435

102,177

CAPITAL AND RESERVES

Called up share capital

7

2

2

Retained earnings

36,433

102,175

SHAREHOLDERS' FUNDS

36,435

102,177

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 16 November 2018 and were signed by:

Mr P A Lowe - Director

1.	STATUTORY INFORMATION

Kenfan Industries Limited is a private company limited by shares and incorporated in England and

Wales. The address of the company's registered office is 57 London Road, High Wycombe,

Buckinghamshire, HP11 1BS. The principal place of business is Mandalay, Bradcutts Lane, Cookham

Dean, Berkshire. SL6 9AA. The registered number is 09839261.

The principal activity of the company is that of the sale of ventilation parts to industry.

The presentation currency of these financial statements is Sterling (£), being the currency of the

primary economic market in which the entity operates (its functional currency). All amounts in these

financial statements have been rounded to the nearest pound unless stated otherwise.

The significant accounting policies applied in the preparation of these financial statements are set out

below.

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" (effective September 2015) 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 etc

-

straight line - 20%

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for

obsolete and slow moving items.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at

the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of

exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at

the operating result.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2017 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 March 2017

and 28 February 2018

1,238

DEPRECIATION

At 1 March 2017

305

Charge for year

244

At 28 February 2018

549

NET BOOK VALUE

At 28 February 2018

689

At 28 February 2017

933

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

26,873

21,837

Other debtors

20,162

-

47,035

21,837

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade creditors

40,986

14,758

Taxation and social security

27,038

28,724

Other creditors

2,290

40,455

70,314

83,937

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2018

2017

value:

£

£

2

Ordinary

£1

2

2

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 28 February 2018

and the period ended 28 February 2017:

2018

2017

£

£

Mr P A Lowe

Balance outstanding at start of year

-

-

Amounts advanced

54,770

-

Amounts repaid

(34,608

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

20,162

-