3K's Trading Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 01824261 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31st March 2018

for

3K's Trading Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

W B Kirkham

L B Kirkham

SECRETARY:

L B Kirkham

REGISTERED OFFICE:

Sandy Lane Farm

Congleton

Cheshire

CW12 2JJ

REGISTERED NUMBER:

01824261 (England and Wales)

FIXED ASSETS

Tangible assets

4

66,939

6,057

CURRENT ASSETS

Stocks

1,258,926

1,442,433

Cash at bank

65,535

8,356

1,324,461

1,450,789

CREDITORS

Amounts falling due within one year

234,061

236,439

NET CURRENT ASSETS

1,090,400

1,214,350

TOTAL ASSETS LESS CURRENT LIABILITIES

1,157,339

1,220,407

CREDITORS

Amounts falling due after more than one year

5

-

72,656

NET ASSETS

1,157,339

1,147,751

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

1,157,239

1,147,651

SHAREHOLDERS' FUNDS

1,157,339

1,147,751

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 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 31st March 2018 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors on 19th December 2018 and were signed on its behalf by:

L B Kirkham - Director

1.	STATUTORY INFORMATION

3K's Trading 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.

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 and represents amounts

receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Income is recognised when goods have been delivered to customers such that risks and rewards of ownership

have transferred to them.

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 etc

-

20% on cost

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in

bringing stocks to their present location and condition.

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 NIL (2017 - NIL).

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1st April 2017

88,774

Additions

78,625

At 31st March 2018

167,399

DEPRECIATION

At 1st April 2017

82,717

Charge for year

17,743

At 31st March 2018

100,460

NET BOOK VALUE

At 31st March 2018

66,939

At 31st March 2017

6,057

5.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS

31/3/18

31/3/17

£

£

Repayable by instalments

Bank loans more 5 yr by instal

-

45,197

6.	SECURED DEBTS

The following secured debts are included within creditors:

31/3/18

31/3/17

£

£

Bank loans

-

79,521

7.	FINANCIAL INSTRUMENTS

Bank loans and directors loans (being repayable on demand) are classified as financial instruments.

Bank loans are initially measured at the present value of future payments, discounted at a market rate of interest,

and subsequently at amortised cost using the effective interest method.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective

evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the

statement of income and Retained Earnings.