K N K Cheltenham Ltd - Accounts to registrar - small 17.2

REGISTERED NUMBER: 08960849 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2017

for

K N K Cheltenham Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mr K Knight

REGISTERED OFFICE:

Queenhill

Shurdington Road

Cheltenham

Gloucestershire

GL51 4XJ

REGISTERED NUMBER:

08960849 (England and Wales)

FIXED ASSETS

Tangible assets

4

650

708

CURRENT ASSETS

Debtors

5

13,352

10,271

Cash at bank

75,176

29,554

88,528

39,825

CREDITORS

Amounts falling due within one year

6

29,715

16,093

NET CURRENT ASSETS

58,813

23,732

TOTAL ASSETS LESS CURRENT LIABILITIES

59,463

24,440

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

59,363

24,340

SHAREHOLDERS' FUNDS

59,463

24,440

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 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 28 June 2017 and were signed by:

Mr K Knight - Director

1.	STATUTORY INFORMATION

K N K Cheltenham 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.

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

The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of

Value Added Tax.

In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done

in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts

for on-going services is recognised by reference to the stage of completion.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

33% 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2016 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 April 2016

1,547

Additions

675

At 31 March 2017

2,222

DEPRECIATION

At 1 April 2016

839

Charge for year

733

At 31 March 2017

1,572

NET BOOK VALUE

At 31 March 2017

650

At 31 March 2016

708

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

13,352

10,271

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Bank loans and overdrafts

6,087

-

Corporation tax

22,012

14,772

Social security and other taxes

325

293

Directors' current accounts

1,291

1,028

29,715

16,093

7.	PENSION COMMITMENTS

The company operates a defined contribution pension scheme in respect of a director. The asset of the scheme is

held separately from those of the company in an independently administered fund. The pension cost and charge

represents contributions payable by the company to the fund and amounted to £12,750 (2016: £10,000).