Kewcalian Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: SC306618 (Scotland)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2017

FOR

KEWCALIAN LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mrs J B MacIntyre

SECRETARY:

Mrs J B MacIntyre

REGISTERED OFFICE:

7 Duncan McIntosh Road

Wardpark North

Cumbernauld

Glasgow

G68 0HH

REGISTERED NUMBER:

SC306618 (Scotland)

ACCOUNTANTS:

Consilium Chartered Accountants

169 West George Street

Glasgow

G2 2LB

FIXED ASSETS

Investments

3

3

3

CURRENT ASSETS

Debtors

4

89,496

31,145

Cash at bank

101,274

160,117

190,770

191,262

CREDITORS

Amounts falling due within one year

5

80,296

86,799

NET CURRENT ASSETS

110,474

104,463

TOTAL ASSETS LESS CURRENT LIABILITIES

110,477

104,466

CAPITAL AND RESERVES

Called up share capital

6

2

2

Capital redemption reserve

1

1

Retained earnings

110,474

104,463

SHAREHOLDERS' FUNDS

110,477

104,466

The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2017.

The members have not required the Company to obtain an audit of its financial statements for the year ended 28 February 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 30 November 2017 and were signed by:

Mrs J B MacIntyre - Director

1.	STATUTORY INFORMATION

Kewcalian Limited is a private company, limited by shares , registered in Scotland. 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 impact of first year adoption of FRS 102 is given in the final note to the financial statements.

Preparation of consolidated financial statements

The financial statements contain information about Kewcalian Limited as an individual Company and do not contain

consolidated financial information as the parent of a group. The director has taken the decision not to prepare consolidated

financial statements in accordance with Section 398 of the Companies Act 2006.

Turnover

The turnover shown in the Income Statement represents the value of all services delivered during the year, at selling price

exclusive of Value Added Tax. Sales are recognised at the point at which the Company has fulfilled its contractual

obligations to the customer.

Financial instruments

The Company has chosen to adopt Sections 11 and 12 of FRS 102 in respect of financial instruments.

Financial instruments are classified and accounted for as financial assets, financial liabilities or equity instruments,

according to the substance of the contractual arrangement.

Financial instruments which are assets are stated at cost less any provision for impairment. Financial liabilities are stated at

principal capital amounts outstanding at the period end. Issue costs relating to financial liabilities are deducted from the

outstanding balance and are amortised over the period to the due date for repayment of the financial liability.

An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of

its liabilities. A financial liability is any contractual arrangement for an entity to deliver cash to the holder of the associated

financial instrument.

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

Current tax is recognised at the amount of tax payable using the tax rates and laws that 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.

Fixed asset investments

Investments are stated at cost, less provision for any permanent diminution in value.

3.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 March 2016

and 28 February 2017

3

NET BOOK VALUE

At 28 February 2017

3

At 29 February 2016

3

4.

DEBTORS

2017

2016

£

£

Amounts falling due within one year:

Other debtors

50,455

31,145

Amounts falling due after more than one year:

Other debtors

39,041

-

Aggregate amounts

89,496

31,145

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Amounts owed to group undertaking

65,000

85,000

Taxation and social security

15,296

1,799

80,296

86,799

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2017

2016

value:

£

£

150

Ordinary A

1p

2

2

7.	TRANSACTIONS WITH THE DIRECTOR

The following advances and credits to a director subsisted during the years ended 28 February 2017 and 29 February 2016:

2017

2016

£

£

Mrs J B MacIntyre

Balance outstanding at start of year

7,644

16,339

Amounts advanced

48,174

-

Amounts repaid

(8,728

)

(8,695

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

47,090

7,644

This loan is unsecured and repayable by instalments. Interest is charged on the loan.

8.	RELATED PARTY DISCLOSURES

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.

No other transactions with related parties were undertaken such as are required to be disclosed under the provisions of

Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and

Republic of Ireland".

9.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mrs J B MacIntyre.

10.	FIRST YEAR ADOPTION

The policies applied under the Company's previous accounting framework are not materially different to Financial

Reporting Standard 102 and have not impacted on equity or profit or loss. The transition date for Financial Reporting

Standard 102 reporting is 1 March 2015.