Kilwinning Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: NI073834 (Northern Ireland)

Unaudited Financial Statements

for the Year Ended 28 February 2018

for

Kilwinning Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mrs M M Carson

REGISTERED OFFICE:

Building 2

The Sidings

Antrim Road

Lisburn

Co. Antrim

BT28 3AJ

BUSINESS ADDRESS:

2nd Floor

4 - 8 Market Place

Lisburn

Co. Antrim

BT28 1AN

REGISTERED NUMBER:

NI073834 (Northern Ireland)

ACCOUNTANTS:

Aiken & Co LLP

Chartered Accountants

Building 2

The Sidings

Antrim Road

Lisburn

Co. Antrim

BT28 3AJ

FIXED ASSETS

Tangible assets

4

2,683

3,165

CURRENT ASSETS

Debtors

2,406

2,300

Cash at bank and in hand

2,850

7,454

5,256

9,754

CREDITORS

Amounts falling due within one year

19,249

20,969

NET CURRENT LIABILITIES

(13,993

)

(11,215

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(11,310

)

(8,050

)

PROVISIONS FOR LIABILITIES

591

633

NET LIABILITIES

(11,901

)

(8,683

)

CAPITAL AND RESERVES

Called up share capital

5

1

1

Retained earnings

6

(11,902

)

(8,684

)

SHAREHOLDERS' FUNDS

(11,901

)

(8,683

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2018 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 28 February 2018 in accordance with Section 444(2A) of the Companies Act 2006.

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 31 October 2018 and were signed by:

Mrs M M Carson - Director

1.	STATUTORY INFORMATION

Kilwinning Limited is a private company, limited by shares , registered in Northern Ireland. The company's

registered number and registered office address can be found on the Company Information page.

The financial statements are prepared in sterling which is the functional currency of the entity and rounded to

the nearest £.

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

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts,

rebates, value added tax and other sales taxes.

Turnover from the sale of goods is recognised when significant risks and rewards of ownership of the goods

have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the

economic benefits associated with the transaction will flow to the company and the costs incurred or to be

incurred in respect of the transaction can be measured reliably. This is usually on dispatch of the goods.

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 reducing balance

Fixtures and fittings

-

25% on reducing balance

The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or

changes in circumstances indicate that the carrying value may not be recoverable.

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 2 (2017 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 March 2017

18,628

Additions

412

At 28 February 2018

19,040

DEPRECIATION

At 1 March 2017

15,463

Charge for year

894

At 28 February 2018

16,357

NET BOOK VALUE

At 28 February 2018

2,683

At 28 February 2017

3,165

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2018

2017

value:

£

£

1

Ordinary

1

1

1

6.

RESERVES

Retained

earnings

£

At 1 March 2017

(8,684

)

Deficit for the year

(3,218

)

At 28 February 2018

(11,902

)

7.	RELATED PARTY DISCLOSURES

The company was 100% under the control of Mrs M Carson throughout the current period.

Included in Other debtors is a figure of £2,405.81 which related to Titanic Tattoo Limited of which Mrs M

Carson is director.