K Hartwall Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 01934771 (England and Wales)

Financial Statements for the Year Ended 31st December 2018

for

K Hartwall Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

M J A Lobbas

J C Bauer

J G Hartwall

REGISTERED OFFICE:

04 Park Square

Thorncliffe Park Estate

Newton Chambers Road

Sheffield

S35 2PH

REGISTERED NUMBER:

01934771 (England and Wales)

AUDITORS:

Hewson & Howson Statutory Auditors

8 Shepcote Office Village

Shepcote Lane

Sheffield

South Yorkshire

S9 1TG

FIXED ASSETS

Tangible assets

4

9,986

2,250

CURRENT ASSETS

Debtors

5

1,000,023

1,071,948

Cash at bank

306,042

254,745

1,306,065

1,326,693

CREDITORS

Amounts falling due within one year

6

212,545

256,607

NET CURRENT ASSETS

1,093,520

1,070,086

TOTAL ASSETS LESS CURRENT LIABILITIES

1,103,506

1,072,336

PROVISIONS FOR LIABILITIES

1,897

428

NET ASSETS

1,101,609

1,071,908

CAPITAL AND RESERVES

Called up share capital

7

5,150,000

5,150,000

Share premium

2,986,000

2,986,000

Retained earnings

(7,034,391

)

(7,064,092

)

SHAREHOLDERS' FUNDS

1,101,609

1,071,908

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 5th September 2019 and were signed on its behalf by:

M J A Lobbas - Director

J C Bauer - Director

J G Hartwall - Director

1.	STATUTORY INFORMATION

K Hartwall 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.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The

Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party

transactions with wholly owned subsidiaries within the group.

Turnover

Turnover represents the amounts (excluding value added tax) derived from the provision of services to

customers. Turnover is realised once the service has been rendered.

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

-

10% - 33% per annum

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the

statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of

exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the

operating result.

Hire purchase and leasing commitments

Assets acquired under finance lease are capitalised and the outstanding future lease obligations are shown in

creditors.

Operating lease rentals are charged to the profit and loss account on a straight line basis over the period of the

lease.

Pension costs and other post-retirement benefits

The Company operates a defined benefit pension scheme for its employees. The assets of the scheme are held

separately from those of the Company. The scheme closed to new entrants and future accrual at 1 January 2008

and as the pension scheme surplus is deemed irrecoverable it is not recognised.

The Company also operates a defined contribution pension scheme. The pension cost charge for the period

represents contributions payable by the Company to the scheme.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2017 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st January 2018

18,868

Additions

10,681

Disposals

(2,646

)

At 31st December 2018

26,903

DEPRECIATION

At 1st January 2018

16,618

Charge for year

1,787

Eliminated on disposal

(1,488

)

At 31st December 2018

16,917

NET BOOK VALUE

At 31st December 2018

9,986

At 31st December 2017

2,250

5.

DEBTORS

31.12.18

31.12.17

£

£

Amounts falling due within one year:

Trade debtors

43,000

56,000

Other debtors

17,488

91,243

60,488

147,243

Amounts falling due after more than one year:

Amounts owed by group undertakings

939,535

924,705

Aggregate amounts

1,000,023

1,071,948

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.18

31.12.17

£

£

Trade creditors

8,025

7,611

Taxation and social security

7,538

9,216

Other creditors

196,982

239,780

212,545

256,607

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.18

31.12.17

value:

£

£

5,150,000

Ordinary

£1

5,150,000

5,150,000

8.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Ian Hewson (Senior Statutory Auditor)

for and on behalf of Hewson & Howson Statutory Auditors

9.	PENSION COMMITMENTS

The Company operates a defined contribution pension scheme. The pension cost charge for the period represents

contributions payable by the Company to the scheme and amounted to £8,331 (2017: £9,774).

No contributions were outstanding at the balance sheet date.

The Company also operates a defined benefit pension scheme for its employees. The assets of the scheme are

held separately from those of the Company. The scheme closed to new entrants and future accrual at 1st January

2008 and as any pension scheme surplus is deemed irrecoverable it is not recognised.

The Company has committed to contribute £50,000 per annum into the scheme until 31st January 2022. This

amount will be subject to review at future scheme funding assessments.

10.	APB ETHICAL STANDARD - PROVISIONS AVAILABLE FOR SMALL ENTITIES

In common with many other businesses of our size and nature we use our auditors to prepare and submit returns

to the tax authorities and assist with the preparation of the financial statements.