Kootoo Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07593069 (England and Wales)

Kootoo Ltd

Unaudited Financial Statements for the Year Ended 31 March 2018

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr S Hamilton

REGISTERED OFFICE:

18-22 High Street

East Grinstead

West Sussex

RH19 3AS

REGISTERED NUMBER:

07593069 (England and Wales)

ACCOUNTANTS:

Swindells LLP

Chartered Accountants

Atlantic House

8 Bell Lane

Bellbrook Industrial Estate

Uckfield

East Sussex

TN22 1QL

FIXED ASSETS

Intangible assets

4

23,975

25,561

Tangible assets

5

-

-

23,975

25,561

CURRENT ASSETS

Debtors

6

39,345

31,692

Cash at bank

63,394

25,170

102,739

56,862

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

7

100,137

64,350

NET CURRENT ASSETS/(LIABILITIES)

2,602

(7,488

)

TOTAL ASSETS LESS CURRENT LIABILITIES

26,577

18,073

PROVISIONS FOR LIABILITIES

4,555

-

NET ASSETS

22,022

18,073

CAPITAL AND RESERVES

Called up share capital

8

1

1

Retained earnings

22,021

18,072

SHAREHOLDERS' FUNDS

22,022

18,073

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 21 December 2018 and were signed by:

Mr S Hamilton - Director

1.	STATUTORY INFORMATION

Kootoo 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.

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.

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.

Website is being amortised evenly over its estimated useful life of twenty years.

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

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.

3.	EMPLOYEES AND DIRECTORS

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

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 April 2017

and 31 March 2018

31,722

AMORTISATION

At 1 April 2017

6,161

Charge for year

1,586

At 31 March 2018

7,747

NET BOOK VALUE

At 31 March 2018

23,975

At 31 March 2017

25,561

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 1 April 2017

and 31 March 2018

572

DEPRECIATION

At 1 April 2017

and 31 March 2018

572

NET BOOK VALUE

At 31 March 2018

-

At 31 March 2017

-

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

20,767

25,139

Other debtors

18,578

6,553

39,345

31,692

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade creditors

94,929

44,620

Taxation and social security

3,608

2,705

Other creditors

1,600

17,025

100,137

64,350

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2018

2017

value:

£

£

1

Ordinary shares

£1

1

1

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 31 March 2018 and

the period ended 31 March 2017:

2018

2017

£

£

Mr S Hamilton

Balance outstanding at start of year

-

-

Amounts advanced

2,395

5,000

Amounts repaid

(2,395

)

(5,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

-

This loan is unsecured, interest free and repayable on demand.