Kallenhard Engineering Ltd Filleted accounts for Companies House (small and micro)

KALLENHARD ENGINEERING LTD - Company Information

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COMPANY REGISTRATION NUMBER: 10478736

Kallenhard Engineering Ltd

Filleted Unaudited Financial Statements

31 March 2018

Kallenhard Engineering Ltd

Statement of Financial Position

31 March 2018

	2018	2017
Note	£	£

Fixed assets

Tangible assets	4	13,594	–

Current assets

Stocks		12,889	2,252
Debtors	5	27,425	782
Cash at bank and in hand		19,433	13,051
		--------	--------
		59,747	16,085

Creditors: amounts falling due within one year	6	80,236	18,375
		--------	--------
Net current liabilities		20,489	2,290
		--------	-------
Total assets less current liabilities		( 6,895)	( 2,290)
		-------	-------

Capital and reserves

Called up share capital	150	150
Profit and loss account	( 7,045)	( 2,440)
	-------	-------
Shareholders deficit	( 6,895)	( 2,290)
	-------	-------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

For the year ending 31 March 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Kallenhard Engineering Ltd

Statement of Financial Position (continued)

31 March 2018

These financial statements were approved by the board of directors and authorised for issue on 19 December 2018 , and are signed on behalf of the board by:

Mr DJ Anderson

Director

Company registration number: 10478736

Kallenhard Engineering Ltd

Notes to the Financial Statements

Year ended 31 March 2018

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 3A Minton Place, Victoria Road, Bicester, Oxon, OX26 6QB.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Disclosure exemptions

The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. As such, advantage has been taken of the following disclosure exemptions available under paragraph 1.12 of FRS 102: (a) Disclosures in respect of each class of share capital have not been presented. (b) No cash flow statement has been presented for the company. (c) Disclosures in respect of financial instruments have not been presented.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Short leasehold property	-	33% straight line

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

4. Tangible assets

	Short leasehold property
	£
Cost
At 1 April 2017	–
Additions	20,389
	--------
At 31 March 2018	20,389
	--------
Depreciation
At 1 April 2017	–
Charge for the year	6,795
	--------
At 31 March 2018	6,795
	--------
Carrying amount
At 31 March 2018	13,594
	--------
At 31 March 2017	–
	--------

5. Debtors

	2018	2017
	£	£
Trade debtors	23,941	–
Other debtors	3,484	782
	--------	----
	27,425	782
	--------	----

6. Creditors: amounts falling due within one year

	2018	2017
	£	£
Trade creditors	76,236	14,375
Other creditors	4,000	4,000
	--------	--------
	80,236	18,375
	--------	--------