W Killick & Co Ltd - Filleted accounts

W Killick & Co Ltd - Filleted accounts

W KILLICK & CO LTD - Company Information

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Registered number
03874511
W Killick & Co Ltd
Filleted Accounts
31 December 2018
W Killick & Co Ltd
Registered number: 03874511
Balance Sheet
as at 31 December 2018
Notes 2018 2017
£ £
Fixed assets
Tangible assets 3 - 223
Current assets
Debtors 4 - 3,750
Cash at bank and in hand 22,735 50,837
22,735 54,587
Creditors: amounts falling due within one year 5 (22,717) (27,429)
Net current assets 18 27,158
Net assets 18 27,381
Capital and reserves
Called up share capital 2 2
Profit and loss account 16 27,379
Shareholders' funds 18 27,381
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Pauline Killick
Director
Approved by the board on 30 January 2019
W Killick & Co Ltd
Notes to the Accounts
for the year ended 31 December 2018
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment over 5 years
All assets have been fully depreciated and hold no value as at the business cessation date of 31 December 2018.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods.
2 Employees 2018 2017
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Fixtures, Fittings, Equipment
£
Cost
At 1 January 2018 2,069
Disposals (2,069)
At 31 December 2018 -
Depreciation
At 1 January 2018 1,846
Charge for the year 223
On disposals (2,069)
At 31 December 2018 -
Net book value
At 31 December 2018 -
At 31 December 2017 223
4 Debtors 2018 2017
£ £
Trade debtors - 3,750
5 Creditors: amounts falling due within one year 2018 2017
£ £
Corporation Tax 1,709 377
Bill Killick Directors control account 9,678
Pauline Killick Directors control account 10,465
Other creditors (Accountancy fees £850, bank £15) 865 27,052
22,717 27,429
6 Controlling party
Following the death of Bill Killick on 10 December 2018, the sole remaining Director, being Pauline Killick, indirectly became controlling party. A decision was taken on 30 November 2018 to cease trading with effect from 31 December 2018 Dividend of £35,110 were paid out during the period, £10,000 on 31 March 2018 and £25110 on 30 November 2018. Salary of £2,106 was paid to each Director shareholder.
7 Other information
With effect from 31 December 2018 the company ceased to trade and began preparations for dissolution.
W Killick & Co Ltd is a private company limited by shares and incorporated in England. Its registered office is:
White Lodge
2 Nightingale Road
Hampton
Middlesex
TW12 3HX
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