KRA Stratigraphic Limited |
Registered number: |
03840761 |
Balance Sheet |
as at 31 March 2018 |
|
Notes |
|
|
2018 |
|
|
2017 |
£ |
£ |
Fixed assets |
Tangible assets |
2 |
|
|
29,389 |
|
|
31,493 |
|
Current assets |
Debtors |
3 |
|
- |
|
|
400 |
Cash at bank and in hand |
|
|
5,739 |
|
|
12,875 |
|
|
|
5,739 |
|
|
13,275 |
|
Creditors: amounts falling due within one year |
4 |
|
(23,188) |
|
|
(26,568) |
|
Net current liabilities |
|
|
|
(17,449) |
|
|
(13,293) |
|
Total assets less current liabilities |
|
|
|
11,940 |
|
|
18,200 |
|
|
Provisions for liabilities |
|
|
|
- |
|
|
(313) |
|
|
Net assets |
|
|
|
11,940 |
|
|
17,887 |
|
|
|
|
|
|
|
|
Capital and reserves |
Called up share capital |
|
|
|
2 |
|
|
2 |
Profit and loss account |
|
|
|
11,938 |
|
|
17,885 |
|
Shareholders' funds |
|
|
|
11,940 |
|
|
17,887 |
|
|
|
|
|
|
|
|
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. |
|
|
|
|
K Richards |
Director |
Approved by the board on 7 November 2018 |
|
KRA Stratigraphic Limited |
Notes to the Accounts |
for the year ended 31 March 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 represents the amounts (excluding value added tax) derived from the provision of goods and services to customers during the year. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the costs, less estimated residual value, of each asset over its expected useful life. The methods and applicable rates are: |
|
|
Freehold buildings |
over 50 years |
|
Plant and machinery |
25% per annum of net book value |
|
|
Deferred Taxation |
|
Full provision is made for deferred tax assets and liabilities arising from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. |
|
|
Foreign currency translation |
|
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss. |
|
|
Pensions |
|
Contributions to defined contribution plans are expensed in the period to which they relate. |
|
|
2 |
Tangible fixed assets |
|
|
|
|
Land and buildings |
|
Plant and machinery etc |
|
Total |
£ |
£ |
£ |
|
Cost |
|
At 1 April 2017 |
33,397 |
|
6,422 |
|
39,819 |
|
Additions |
- |
|
660 |
|
660 |
|
Disposals |
- |
|
(7,082) |
|
(7,082) |
|
At 31 March 2018 |
33,397 |
|
- |
|
33,397 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 April 2017 |
3,340 |
|
4,986 |
|
8,326 |
|
Charge for the year |
668 |
|
524 |
|
1,192 |
|
On disposals |
- |
|
(5,510) |
|
(5,510) |
|
At 31 March 2018 |
4,008 |
|
- |
|
4,008 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2018 |
29,389 |
|
- |
|
29,389 |
|
At 31 March 2017 |
30,057 |
|
1,436 |
|
31,493 |
|
|
3 |
Debtors |
2018 |
|
2017 |
£ |
£ |
|
|
Trade debtors |
- |
|
400 |
|
|
|
|
|
|
|
|
|
|
4 |
Creditors: amounts falling due within one year |
2018 |
|
2017 |
£ |
£ |
|
|
Taxation and social security costs |
1,686 |
|
3,038 |
|
Other creditors |
21,502 |
|
23,530 |
|
|
|
|
|
|
23,188 |
|
26,568 |
|
|
|
|
|
|
|
|
|
|
5 |
Related party transactions |
|
|
K Richards provided the company with an interest free loan. The balance at the start of the year was £10,840 and at the end of the the year it was £10,637 F Richards provided the company with an interest free loan. The balance at the start of the year was £10,840 and at the end of the year it was £10,637. |
|
|
6 |
Controlling party |
|
|
The directors control the company with no individual director having overall control. |
|
|
7 |
Other information |
|
|
KRA Stratigraphic Limited is a private company limited by shares and incorporated in England and Wales. Its registered office is: |
|
Bryn Ash |
|
116 Albert Drive |
|
Deganwy |
|
Conwy |
|
LL31 9YY |