KES Europe Limited Filleted accounts for Companies House (small and micro)

KES EUROPE LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 10485114

KES Europe Limited

Filleted Unaudited Abridged Financial Statements

30 November 2020

KES Europe Limited

Abridged Statement of Financial Position

30 November 2020

	2020		2019
Note	£	£	£

Fixed assets

Tangible assets	4		1,004	784

Current assets

Debtors	9,596	18,000
Cash at bank and in hand	14,147	–
	--------	--------
	23,743	18,000

Creditors: amounts falling due within one year	18,793		16,260
	--------		--------
Net current assets		4,950	1,740
		-------	-------
Total assets less current liabilities		5,954	2,524
		-------	-------
Net assets		5,954	2,524
		-------	-------

Capital and reserves

Called up share capital	1	1
Profit and loss account	5,953	2,523
	-------	-------
Shareholders funds	5,954	2,524
	-------	-------

These abridged financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the abridged statement of comprehensive income has not been delivered.

For the year ending 30 November 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its abridged financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements .

All of the members have consented to the preparation of the abridged statement of comprehensive income and the abridged statement of financial position for the year ending 30 November 2020 in accordance with Section 444(2A) of the Companies Act 2006.

KES Europe Limited

Abridged Statement of Financial Position (continued)

30 November 2020

These abridged financial statements were approved by the board of directors and authorised for issue on 13 January 2022 , and are signed on behalf of the board by:

R Kavanagh
Director

Company registration number: 10485114

KES Europe Limited

Notes to the Abridged Financial Statements

Year ended 30 November 2020

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 4 Hadleigh Business Centre, 351 London Road, Hadleigh, Essex, SS7 2BT.

2. Statement of compliance

These abridged financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities measured at fair value through profit or loss.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for services rendered net of Value Added Tax.

Income tax

The taxation expense represents the aggregate amount of current tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Office equipment	-	20% straight line

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.

4. Tangible assets

	£
Cost
At 1 December 2019	1,098
Additions	550
	-------
At 30 November 2020	1,648
	-------
Depreciation
At 1 December 2019	314
Charge for the year	330
	-------
At 30 November 2020	644
	-------
Carrying amount
At 30 November 2020	1,004
	-------
At 30 November 2019	784
	-------

5. Director's advances, credits and guarantees

During the year the director entered into the following advances and credits with the company:

	2020
	Balance brought forward	Advances/ (credits) to the director	Balance outstanding
	£	£	£
R Kavanagh	( 2)	( 64)	( 66)
	----	----	----

	2019
	Balance brought forward	Advances/ (credits) to the director	Balance outstanding
	£	£	£
R Kavanagh	–	( 2)	( 2)
	----	----	----