Kathline Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05423212 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2018

FOR

KATHLINE LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Ms P Goss

SECRETARY:

R L Goss

REGISTERED OFFICE:

95 Church Road

Erdington

Birmingham

B24 9BE

REGISTERED NUMBER:

05423212 (England and Wales)

ACCOUNTANTS:

Stanley G Williams & Sons

Certified Accountants

95 Church Road

Erdington

Birmingham

B24 9BE

FIXED ASSETS

Tangible assets

4

50,537

50,413

CURRENT ASSETS

Cash at bank

308,714

393,538

CREDITORS

Amounts falling due within one year

5

40,041

33,912

NET CURRENT ASSETS

268,673

359,626

TOTAL ASSETS LESS CURRENT LIABILITIES

319,210

410,039

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

319,209

410,038

SHAREHOLDERS' FUNDS

319,210

410,039

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

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 21 January 2019 and were signed by:

Ms P Goss - Director

1.	STATUTORY INFORMATION

Kathline Ltd 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.

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 reducing balance

Fixtures and fittings

-

25% on reducing balance

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.

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 30 (2017 - 24 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

Computer

property

machinery

fittings

equipment

Totals

£

£

£

£

£

COST

At 1 May 2017

7,400

47,189

101,798

-

156,387

Additions

-

7,619

4,687

2,198

14,504

At 30 April 2018

7,400

54,808

106,485

2,198

170,891

DEPRECIATION

At 1 May 2017

-

27,982

77,992

-

105,974

Charge for year

-

6,707

7,123

550

14,380

At 30 April 2018

-

34,689

85,115

550

120,354

NET BOOK VALUE

At 30 April 2018

7,400

20,119

21,370

1,648

50,537

At 30 April 2017

7,400

19,207

23,806

-

50,413

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade creditors

1,785

2,922

Tax

35,970

23,227

Social security and other taxes

(3,714

)

(6,331

)

Directors' current accounts

-

11,094

Accrued expenses

6,000

3,000

40,041

33,912

6.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The company occupies property which is owned by a Director. The company pays a normal commercial

rent. At the Balance Sheet date the amount outstanding was nil.