K.c.a. Supplies Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04199243 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2019

FOR

K.C.A. SUPPLIES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S M Gallagher

M A Gallagher

REGISTERED OFFICE:

215 Moor Lane

Birkenshaw

Bradford

West Yorkshire

BD11 2NX

REGISTERED NUMBER:

04199243 (England and Wales)

ACCOUNTANTS:

Jones Thorne Limited

The Masters House

92a Arundel Street

Sheffield

South Yorkshire

S1 4RE

FIXED ASSETS

Intangible assets

4

1,250

1,500

Tangible assets

5

2,665

3,553

3,915

5,053

CURRENT ASSETS

Stocks

11,000

14,000

Debtors

6

6,423

8,067

Cash at bank and in hand

1,126

50

18,549

22,117

CREDITORS

Amounts falling due within one year

7

23,411

25,473

NET CURRENT LIABILITIES

(4,862

)

(3,356

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(947

)

1,697

PROVISIONS FOR LIABILITIES

675

675

NET (LIABILITIES)/ASSETS

(1,622

)

1,022

CAPITAL AND RESERVES

Called up share capital

8

2

2

Retained earnings

(1,624

)

1,020

SHAREHOLDERS' FUNDS

(1,622

)

1,022

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2019 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 10 September 2019 and were signed on its behalf by:

M A Gallagher - Director

1.	STATUTORY INFORMATION

K.c.a. 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements have been prepared on a going concern basis.

The company is supported by the director's. The director's have indicated that they will

continue to support the company until it is able to meet its debts as they fall due. The

financial statements do not include any adjustments which would be required should this

support be withdrawn.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding

discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2004, is being amortised evenly over its estimated useful life of twenty 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.

Fixtures and fittings

-

25% on reducing balance

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2018 - 3 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 May 2018

and 30 April 2019

5,000

AMORTISATION

At 1 May 2018

3,500

Amortisation for year

250

At 30 April 2019

3,750

NET BOOK VALUE

At 30 April 2019

1,250

At 30 April 2018

1,500

5.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

and

property

fittings

Totals

£

£

£

COST

At 1 May 2018

and 30 April 2019

6,000

2,780

8,780

DEPRECIATION

At 1 May 2018

2,700

2,527

5,227

Charge for year

825

63

888

At 30 April 2019

3,525

2,590

6,115

NET BOOK VALUE

At 30 April 2019

2,475

190

2,665

At 30 April 2018

3,300

253

3,553

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.19

30.4.18

£

£

Trade debtors

6,423

8,067

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.19

30.4.18

£

£

Bank loans and overdrafts

-

1,101

Trade creditors

13,578

13,099

Taxation and social security

-

171

Other creditors

9,833

11,102

23,411

25,473

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.19

30.4.18

value:

£

£

2

Ordinary

£1

2

2

9.	ULTIMATE CONTROLLING PARTY

The controlling party is M A Gallagher.