Kamco Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 01872472 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 June 2018

for

Kamco Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

K A MacBain

Mrs J M MacBain

A MacBain

SECRETARY:

Mrs J M MacBain

REGISTERED OFFICE:

Unit 9, Curo Park

Frogmore

St Albans

Hertfordshire

AL2 2DD

REGISTERED NUMBER:

01872472 (England and Wales)

FIXED ASSETS

Tangible assets

4

10,906

16,359

Investments

5

1

1

10,907

16,360

CURRENT ASSETS

Stocks

254,667

258,745

Debtors

6

265,058

273,903

Cash at bank and in hand

91,045

184,813

610,770

717,461

CREDITORS

Amounts falling due within one year

7

207,239

244,316

NET CURRENT ASSETS

403,531

473,145

TOTAL ASSETS LESS CURRENT LIABILITIES

414,438

489,505

PROVISIONS FOR LIABILITIES

9

2,072

3,108

NET ASSETS

412,366

486,397

CAPITAL AND RESERVES

Called up share capital

10

103

103

Retained earnings

11

412,263

486,294

SHAREHOLDERS' FUNDS

412,366

486,397

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

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 2 December 2018 and were signed on its behalf by:

K A MacBain - Director

Mrs J M MacBain - Director

A MacBain - Director

1.	STATUTORY INFORMATION

Kamco 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.

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

-

20% on cost

Motor vehicles

-

25% on cost

Stocks

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

slow moving items.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2017 - 13 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 July 2017

and 30 June 2018

483,221

23,996

507,217

DEPRECIATION

At 1 July 2017

466,864

23,994

490,858

Charge for year

5,453

-

5,453

At 30 June 2018

472,317

23,994

496,311

NET BOOK VALUE

At 30 June 2018

10,904

2

10,906

At 30 June 2017

16,357

2

16,359

5.	FIXED ASSET INVESTMENTS

Unlisted

investments

£

COST

At 1 July 2017

and 30 June 2018

1

NET BOOK VALUE

At 30 June 2018

1

At 30 June 2017

1

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.18

30.6.17

£

£

Trade debtors

194,225

259,746

Other debtors

70,833

14,157

265,058

273,903

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.18

30.6.17

£

£

Trade creditors

139,540

126,723

Taxation and social security

57,558

108,557

Other creditors

10,141

9,036

207,239

244,316

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

30.6.18

30.6.17

£

£

Between one and five years

76,450

61,800

9.	PROVISIONS FOR LIABILITIES

30.6.18

30.6.17

£

£

Deferred tax

2,072

3,108

Deferred

tax

£

Balance at 1 July 2017

3,108

Credit to Income Statement during year

(1,036

)

Balance at 30 June 2018

2,072

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.18

30.6.17

value:

£

£

100

Ordinary Class "A"

£1

100

100

1

Ordinary Class "B"

£1

1

1

1

Ordinary Class "C"

£1

1

1

1

Ordinary Class "D"

£1

1

1

103

103

11.

RESERVES

Retained

earnings

£

At 1 July 2017

486,294

Profit for the year

189,219

Dividends

(263,250

)

At 30 June 2018

412,263

12.	PENSION COMMITMENTS

The company operates two defined contribution schemes, The Kamco Limited Executive Plan Pension Scheme

and The Kamco Limited No 2 Pension Plan together with two external schemes with Scottish Equitable and

Plumbing Industry Pension Scheme. The assets of all the schemes are held separately from those of the

company in independently administered funds. The total pension charge in the accounts represents

contributions paid by the company to these funds and amounted to £24,724 (2017 - £22,842).