Company Registration No. 08280615 (England and Wales)
KTW METALS LTD
Unaudited accounts
for the period from 30 May 2017 to 28 February 2018
KTW METALS LTD
Unaudited accounts
Contents
KTW METALS LTD
Company Information
for the period from 30 May 2017 to 28 February 2018
Company Number
08280615 (England and Wales)
Registered Office
KTW
HAWLEY ROAD
DARTFORD
DA2 7RF
UNITED KINGDOM
KTW METALS LTD
Statement of financial position
as at 28 February 2018
Intangible assets
24,317
29,632
Tangible assets
3,575,525
3,320,933
Inventories
1,509,366
849,804
Cash at bank and in hand
760,654
880,882
Creditors: amounts falling due within one year
(305,896)
(49,218)
Net current assets
2,470,681
1,778,369
Total assets less current liabilities
6,070,523
5,128,934
Creditors: amounts falling due after more than one year
(282,625)
(31,005)
Provisions for liabilities
Other provisions
(30,520)
(30,520)
Net assets
5,757,378
5,067,409
Called up share capital
100
100
Profit and loss account
5,757,278
5,067,309
Shareholders' funds
5,757,378
5,067,409
For the period ending 28 February 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 1 March 2018.
Raymond Red
Director
Company Registration No. 08280615
KTW METALS LTD
Notes to the Accounts
for the period from 30 May 2017 to 28 February 2018
KTW METALS LTD is a private company, limited by shares, registered in England and Wales, registration number 08280615. The registered office is KTW, HAWLEY ROAD, DARTFORD, DA2 7RF, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other
At 28 February 2018
31,887
Charge for the period
5,315
At 28 February 2018
24,317
KTW METALS LTD
Notes to the Accounts
for the period from 30 May 2017 to 28 February 2018
5
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At cost
At 30 May 2017
1,368,044
1,518,292
446,910
103,886
38,202
3,475,334
Additions
-
368,443
120,455
-
10,505
499,403
At 28 February 2018
1,368,044
1,886,735
567,365
103,886
48,707
3,974,737
At 30 May 2017
27,993
74,996
38,732
9,892
2,788
154,401
Charge for the period
28,500
146,657
45,273
17,314
7,067
244,811
At 28 February 2018
56,493
221,653
84,005
27,206
9,855
399,212
At 28 February 2018
1,311,551
1,665,082
483,360
76,680
38,852
3,575,525
At 29 May 2017
1,340,051
1,443,296
408,178
93,994
35,414
3,320,933
Finished goods
910,522
849,804
Trade debtors
506,557
96,901
8
Creditors: amounts falling due within one year
2018
2017
Trade creditors
243,116
49,218
9
Creditors: amounts falling due after more than one year
2018
2017
Other creditors
120,780
31,005
Taxes and social security
161,845
-
10
Average number of employees
During the period the average number of employees was 10 (2017: 18).