REGISTERED NUMBER: |
Report of the Director and |
Unaudited Financial Statements for the Year Ended 31 March 2018 |
for |
Kellytech Ltd. |
REGISTERED NUMBER: |
Report of the Director and |
Unaudited Financial Statements for the Year Ended 31 March 2018 |
for |
Kellytech Ltd. |
Kellytech Ltd. (Registered number: SC267049) |
Contents of the Financial Statements |
for the Year Ended 31 March 2018 |
Page |
Company Information | 1 |
Report of the Director | 2 |
Income Statement | 3 |
Balance Sheet | 4 |
Notes to the Financial Statements | 6 |
Kellytech Ltd. |
Company Information |
for the Year Ended 31 March 2018 |
DIRECTOR: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
8 Deer Park Avenue |
Fairways Business Park |
Livingston |
West Lothian |
EH54 8GA |
Kellytech Ltd. (Registered number: SC267049) |
Report of the Director |
for the Year Ended 31 March 2018 |
The director presents his report with the financial statements of the company for the year ended 31 March 2018. |
PRINCIPAL ACTIVITY |
The principal activity of the company in the year under review was that of Management |
consultancy. |
DIRECTOR |
This report has been prepared in accordance with the provisions of Part 15 of the Companies Act |
2006 relating to small companies. |
ON BEHALF OF THE BOARD: |
Kellytech Ltd. (Registered number: SC267049) |
Income Statement |
for the Year Ended 31 March 2018 |
2018 | 2017 |
Notes | £ | £ | £ | £ |
TURNOVER |
Cost of sales |
GROSS PROFIT |
Administrative expenses |
19,991 | 6,900 |
Other operating income |
Gain/loss on revaluation of investments |
- |
6,783 |
OPERATING PROFIT | 4 |
Income from fixed asset investments |
Interest receivable and similar income |
1,830 | 2,398 |
PROFIT BEFORE TAXATION |
Tax on profit |
PROFIT FOR THE FINANCIAL YEAR |
Kellytech Ltd. (Registered number: SC267049) |
Balance Sheet |
31 March 2018 |
2018 | 2017 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 5 |
Investments | 6 |
CURRENT ASSETS |
Debtors | 7 |
Cash at bank | 8 |
CREDITORS |
Amounts falling due within one year | 9 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES | 10 |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 11 |
Retained earnings | 12 |
SHAREHOLDERS' FUNDS |
The director acknowledges his 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. |
Kellytech Ltd. (Registered number: SC267049) |
Balance Sheet - continued |
31 March 2018 |
The financial statements were approved by the director on by: |
Kellytech Ltd. (Registered number: SC267049) |
Notes to the Financial Statements |
for the Year Ended 31 March 2018 |
1. | STATUTORY INFORMATION |
Kellytech Ltd. is a |
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 |
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 |
Fixtures and fittings | - |
Computer equipment | - |
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. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
Kellytech Ltd. (Registered number: SC267049) |
Notes to the Financial Statements - continued |
for the Year Ended 31 March 2018 |
4. | OPERATING PROFIT |
The operating profit is stated after charging: |
2018 | 2017 |
£ | £ |
Depreciation - owned assets |
5. | TANGIBLE FIXED ASSETS |
Fixtures |
and | Computer |
fittings | equipment | Totals |
£ | £ | £ |
COST |
At 1 April 2017 |
and 31 March 2018 |
DEPRECIATION |
At 1 April 2017 |
Charge for year |
At 31 March 2018 |
NET BOOK VALUE |
At 31 March 2018 |
At 31 March 2017 |
6. | FIXED ASSET INVESTMENTS |
Other |
investments |
£ |
COST OR VALUATION |
At 1 April 2017 |
and 31 March 2018 |
NET BOOK VALUE |
At 31 March 2018 |
At 31 March 2017 |
Cost or valuation at 31 March 2018 is represented by: |
Other |
investments |
£ |
Cost | 55,799 |
Kellytech Ltd. (Registered number: SC267049) |
Notes to the Financial Statements - continued |
for the Year Ended 31 March 2018 |
7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2018 | 2017 |
£ | £ |
Trade debtors |
8. | CASH AT BANK |
2018 | 2017 |
£ | £ |
Share Centre - cash held | 42,684 | 42,684 |
Bank account no. 1 | 9,330 | 5,750 |
Bank account no. 2 | 270 | 42 |
9. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2018 | 2017 |
£ | £ |
Tax |
Social security and other taxes |
Other Creditors - S Ulrichsen | 34,190 | 30,546 |
Accrued expenses |
10. | PROVISIONS FOR LIABILITIES |
2018 | 2017 |
£ | £ |
Deferred tax | 53 | 38 |
Deferred |
tax |
£ |
Balance at 1 April 2017 |
Utilised during year |
Balance at 31 March 2018 |
11. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2018 | 2017 |
value: | £ | £ |
Ordinary | £1 | 100 | 100 |
Kellytech Ltd. (Registered number: SC267049) |
Notes to the Financial Statements - continued |
for the Year Ended 31 March 2018 |
12. | RESERVES |
Retained |
earnings |
£ |
At 1 April 2017 |
Profit for the year |
Dividends | ( |
) |
At 31 March 2018 |
13. | RELATED PARTY DISCLOSURES |
At the balance sheet date the company owes Mrs S Ulrichsen £34,190 (2017 - £30,546). Mrs |
S Ulrichsen is wife of the company's director Mr O Ulrichsen. This balance is included in |
other creditors. There are no fixed repayment terms and interest is not payable on this |
balance. |