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

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


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REGISTERED NUMBER: 08630238 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2017

FOR

KOMPELEC LIMITED

KOMPELEC LIMITED (REGISTERED NUMBER: 08630238)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2017










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


KOMPELEC LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2017







DIRECTOR: Miss K Hall





REGISTERED OFFICE: 5th Floor
The Margolis Building
37 Turner Street
Manchester
M4 1DW





REGISTERED NUMBER: 08630238 (England and Wales)





ACCOUNTANTS: Tree Accountancy Limited
Chartered Certified Accountants
5th Floor
The Margolis Building
37 Turner Street
Manchester
M4 1DW

KOMPELEC LIMITED (REGISTERED NUMBER: 08630238)

BALANCE SHEET
31 JULY 2017

31.7.17 31.7.16
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,282 2,192

CURRENT ASSETS
Debtors 5 17,531 18,930
Cash at bank and in hand 11,734 4,551
29,265 23,481
CREDITORS
Amounts falling due within one year 6 30,100 25,527
NET CURRENT LIABILITIES (835 ) (2,046 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

447

146

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 347 46
SHAREHOLDERS' FUNDS 447 146

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

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





Miss K Hall - Director


KOMPELEC LIMITED (REGISTERED NUMBER: 08630238)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2017


1. STATUTORY INFORMATION

Kompelec Limited is a private company, limited by shares, registered in England and Wales. The company's registered
number is 08630238 and the registered office address is 5th Floor, The Margolis Building, 37 Turner Street, Manchester,
M4 1DW.

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.

These financial statements for the year ended 31 July 2017 are the first financial statements that comply with FRS 102. The
date of transition is 1 August 2016.

The transition has resulted in a small number of changes in accounting policies to those previously used.

The accounts have been prepared in accordance with FRS 102. There were no material departures from that standard.

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 - 20% on cost
Computer equipment - 25% 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.

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 .

KOMPELEC LIMITED (REGISTERED NUMBER: 08630238)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2017


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2016
and 31 July 2017 4,029
DEPRECIATION
At 1 August 2016 1,837
Charge for year 910
At 31 July 2017 2,747
NET BOOK VALUE
At 31 July 2017 1,282
At 31 July 2016 2,192

5. DEBTORS
31.7.17 31.7.16
£    £   
Amounts falling due within one year:
Trade debtors 16,642 10,976

Amounts falling due after more than one year:
Directors' loan accounts 889 7,954

Aggregate amounts 17,531 18,930

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.17 31.7.16
£    £   
Trade creditors 13,493 14,962
Taxation and social security 12,776 10,565
Other creditors 3,831 -
30,100 25,527