Kestrel Industrial Supplies Limited - Accounts to registrar (filleted) - small 18.2

Kestrel Industrial Supplies Limited - Accounts to registrar (filleted) - small 18.2

KESTREL INDUSTRIAL SUPPLIES LIMITED - Company Information

Print Friendly Version

IRIS Accounts Production v18.3.1.65 06943143 Board of Directors 1.9.17 31.8.18 31.8.18 false true false false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure069431432017-08-31069431432018-08-31069431432017-09-012018-08-31069431432016-08-31069431432016-09-012017-08-31069431432017-08-3106943143ns15:EnglandWales2017-09-012018-08-3106943143ns14:PoundSterling2017-09-012018-08-3106943143ns10:Director12017-09-012018-08-3106943143ns10:PrivateLimitedCompanyLtd2017-09-012018-08-3106943143ns10:SmallEntities2017-09-012018-08-3106943143ns10:AuditExempt-NoAccountantsReport2017-09-012018-08-3106943143ns10:SmallCompaniesRegimeForDirectorsReport2017-09-012018-08-3106943143ns10:SmallCompaniesRegimeForAccounts2017-09-012018-08-3106943143ns10:AbridgedAccounts2017-09-012018-08-310694314312017-09-012018-08-3106943143ns10:OrdinaryShareClass12017-09-012018-08-3106943143ns10:Director32017-09-012018-08-3106943143ns10:Director42017-09-012018-08-3106943143ns10:RegisteredOffice2017-09-012018-08-3106943143ns5:CurrentFinancialInstruments2018-08-3106943143ns5:CurrentFinancialInstruments2017-08-3106943143ns5:Non-currentFinancialInstruments2018-08-3106943143ns5:Non-currentFinancialInstruments2017-08-3106943143ns5:ShareCapital2018-08-3106943143ns5:ShareCapital2017-08-3106943143ns5:RetainedEarningsAccumulatedLosses2018-08-3106943143ns5:RetainedEarningsAccumulatedLosses2017-08-3106943143ns5:NetGoodwill2017-09-012018-08-3106943143ns5:IntangibleAssetsOtherThanGoodwill2017-09-012018-08-3106943143ns5:LeaseholdImprovements2017-09-012018-08-3106943143ns5:ComputerEquipment2017-09-012018-08-3106943143ns5:Secured2018-08-3106943143ns5:Secured2017-08-3106943143ns10:OrdinaryShareClass12018-08-31


REGISTERED NUMBER: 06943143 (England and Wales)


























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2018

FOR

KESTREL INDUSTRIAL SUPPLIES LIMITED
KESTREL INDUSTRIAL SUPPLIES LIMITED (REGISTERED NUMBER: 06943143)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2018










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3


KESTREL INDUSTRIAL SUPPLIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2018







DIRECTORS: Mrs M Westhead
Mr D Westhead





REGISTERED OFFICE: Unit 17/18
Lea Green Business Park
Eurolink
St Helens
Merseyside
WA9 4TR





REGISTERED NUMBER: 06943143 (England and Wales)





ACCOUNTANTS: Livesey Spottiswood Ltd
Chartered Accountants
17 George Street
St Helens
Merseyside
WA10 1DB
Page 1
KESTREL INDUSTRIAL SUPPLIES LIMITED (REGISTERED NUMBER: 06943143)

ABRIDGED BALANCE SHEET
31 AUGUST 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 5,000 10,000
Tangible assets 5 21,441 2,694
26,441 12,694

CURRENT ASSETS
Debtors 59,406 47,958
Cash in hand 100 100
59,506 48,058
CREDITORS
Amounts falling due within one year 51,800 58,749
NET CURRENT ASSETS/(LIABILITIES) 7,706 (10,691 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
34,147
2,003

CREDITORS
Amounts falling due after more than one year 16,759 -
NET ASSETS 17,388 2,003

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 17,288 1,903
SHAREHOLDERS' FUNDS 17,388 2,003

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 August 2018 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 6 December 2018 and were signed on its behalf by:



Mrs L Hamon - Director


The notes form part of these financial statements

Page 2
KESTREL INDUSTRIAL SUPPLIES LIMITED (REGISTERED NUMBER: 06943143)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2018


1. STATUTORY INFORMATION

Kestrel Industrial Supplies Limited 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.

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 Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies
have been consistently applied to all years presented unless otherwise stated.

Turnover
Turnover from the sale of various goods is recognised by reference to the stage of completion of the transaction at the balance
sheet date, the amount of turnover can be measured reliably, it is probable the economic benefits associated with the
transaction will flow to the company and the costs incurred in respect of the transaction can be measured reliably.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any
accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Property improvements - Straight line over 10 years
Computer equipment - Straight line over 3 years

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 that have been enacted or
substantively enacted by the balance sheet date.

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. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2017 - 4 ) .

Page 3 continued...
KESTREL INDUSTRIAL SUPPLIES LIMITED (REGISTERED NUMBER: 06943143)

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


4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 September 2017
and 31 August 2018 25,000
AMORTISATION
At 1 September 2017 15,000
Amortisation for year 5,000
At 31 August 2018 20,000
NET BOOK VALUE

At 31 August 2018 5,000
At 31 August 2017 10,000

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 September 2017 4,725
Additions 19,995
At 31 August 2018 24,720
DEPRECIATION
At 1 September 2017 2,031
Charge for year 1,248
At 31 August 2018 3,279
NET BOOK VALUE
At 31 August 2018 21,441
At 31 August 2017 2,694

6. SECURED DEBTS

The following secured debts are included within creditors:

2018 2017
£    £   
Bank overdrafts 9,472 2,433
Hire purchase contracts 19,746 -
29,218 2,433

The hire purchase creditor is secured on the asset to which it relates.

Page 4 continued...
KESTREL INDUSTRIAL SUPPLIES LIMITED (REGISTERED NUMBER: 06943143)

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


7. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2018 2017
value: £    £   
100 Ordinary 1 100 100

Page 5