Kd Tuning Ltd - Limited company accounts 18.2

REGISTERED NUMBER: 10170706 (England and Wales)

Report of the Director and

Unaudited Financial Statements for the Year Ended 31 May 2018

for

Kd Tuning Ltd

Page

Company Information

1

Report of the Director

2

Income Statement

3

Balance Sheet

4

Notes to the Financial Statements

5

DIRECTOR:

A Elias

SECRETARY:

REGISTERED OFFICE:

Unit 7 Clarke Way

Winch Wen Industrial Estate

Winch Wen

Swansea

SA1 7ER

REGISTERED NUMBER:

10170706 (England and Wales)

ACCOUNTANTS:

Amos Accountancy & Bookkeeping Services

31 West Street

Swadlincote

Derbyshire

DE11 9DN

The director presents his report with the financial statements of the company for the year ended 31 May 2018.

DIRECTOR

A Elias held office during the whole of the period from 1 June 2017 to the date of this report.

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 Elias - Director

13 November 2018

TURNOVER

8,400

5,600

Administrative expenses

8,396

5,721

OPERATING PROFIT/(LOSS) and

PROFIT/(LOSS) BEFORE TAXATION

4

(121

)

Tax on profit/(loss)

-

-

PROFIT/(LOSS) FOR THE FINANCIAL YEAR

4

(121

)

CURRENT ASSETS

Cash at bank

1,383

1,379

CREDITORS

Amounts falling due within one year

4

1,500

1,500

NET CURRENT LIABILITIES

(117

)

(121

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(117

)

(121

)

RESERVES

Retained earnings

(117

)

(121

)

(117

)

(121

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 13 November 2018 and were signed by:

A Elias - Director

1.	STATUTORY INFORMATION

Kd Tuning 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2017 - 1 ) .

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.18

31.5.17

£

£

Other creditors

1,500

1,500