Kross Tec Services Limited - Accounts to registrar - small 17.2

REGISTERED NUMBER: 04737415 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31st May 2017

for

KROSS TEC SERVICES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Report of the Accountants

6

DIRECTOR:

George Ritson

SECRETARY:

Sheila Ritson

REGISTERED OFFICE:

26 Barnard Grove

Jarrow

Tyne and Wear

NE32 3TT

REGISTERED NUMBER:

04737415 (England and Wales)

ACCOUNTANTS:

Moore Bennett Limited

Hotspur House

15 East Percy Street

North Shields

Tyne and Wear

NE30 1DT

FIXED ASSETS

Tangible assets

4

580

-

CURRENT ASSETS

Stocks

5

711

677

Debtors

6

3,690

3,815

Cash at bank and in hand

4,075

3,967

8,476

8,459

CREDITORS

Amounts falling due within one year

7

7,831

7,992

NET CURRENT ASSETS

645

467

TOTAL ASSETS LESS CURRENT LIABILITIES

1,225

467

PROVISIONS FOR LIABILITIES

8

50

-

NET ASSETS

1,175

467

CAPITAL AND RESERVES

Called up share capital

9

10

10

Retained earnings

10

1,165

457

SHAREHOLDERS' FUNDS

1,175

467

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 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 7th September 2017 and were signed by:

George Ritson - Director

1.	STATUTORY INFORMATION

Kross Tec Services 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.

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.

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

-

25% on cost

Motor van

-

25% on cost

Computer and Test Equipment

-

25% on cost

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 .

4.	TANGIBLE FIXED ASSETS

Computer

Plant and

and Test

machinery

Motor van

Equipment

Totals

£

£

£

£

COST

At 1st June 2016

2,809

11,985

6,540

21,334

Additions

-

-

774

774

At 31st May 2017

2,809

11,985

7,314

22,108

DEPRECIATION

At 1st June 2016

2,809

11,985

6,540

21,334

Charge for year

-

-

194

194

At 31st May 2017

2,809

11,985

6,734

21,528

NET BOOK VALUE

At 31st May 2017

-

-

580

580

At 31st May 2016

-

-

-

-

5.

STOCKS

31/5/17

31/5/16

£

£

Stocks

711

677

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/5/17

31/5/16

£

£

Trade debtors

3,690

3,815

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/5/17

31/5/16

£

£

Trade creditors

1,417

794

Corporation tax

3,119

3,779

Social security and other taxes

-

25

VAT

1,362

1,342

Directors' current accounts

1,530

1,049

Accrued expenses

403

1,003

7,831

7,992

8.	PROVISIONS FOR LIABILITIES

31/5/17

31/5/16

£

£

Deferred tax

50

-

Deferred

tax

£

Charge to Income Statement during year

50

Balance at 31st May 2017

50

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/5/17

31/5/16

value:

£

£

10

Ordinary

£1

10

10

10.

RESERVES

Retained

earnings

£

At 1st June 2016

457

Profit for the year

13,208

Dividends

(12,500

)

At 31st May 2017

1,165

The following reproduces the text of the report prepared for the director and members in respect of the

company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is

only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other

primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31st May 2017 set out on pages nil to nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Moore Bennett Limited

Hotspur House

15 East Percy Street

North Shields

Tyne and Wear

NE30 1DT

7th September 2017