Company Registration No. 07203342 (England and Wales)
Kimson Engineering Limited
Unaudited accounts
for the year ended 31 March 2021
Kimson Engineering Limited
Unaudited accounts
Contents
Kimson Engineering Limited
Company Information
for the year ended 31 March 2021
Director
Kim Lorraine Woolley
Company Number
07203342 (England and Wales)
Registered Office
UNIT 2
CANALSIDE CLOSE
WALSALL
WS3 1NZ
ENGLAND
Accountants
MBH Accounts Services Ltd
30 Lodge Road
Brereton
Rugeley
Staffordshire
WS15 1HG
Kimson Engineering Limited
Statement of financial position
as at 31 March 2021
Tangible assets
183,017
183,017
Cash at bank and in hand
6,949
2,260
Creditors: amounts falling due within one year
(7,989)
(8,418)
Net current assets
58,116
25,544
Total assets less current liabilities
241,133
208,561
Creditors: amounts falling due after more than one year
(169,004)
(169,940)
Called up share capital
100
100
Profit and loss account
72,029
38,521
Shareholders' funds
72,129
38,621
For the year ending 31 March 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 31 December 2021 and were signed on its behalf by
Kim Lorraine Woolley
Director
Company Registration No. 07203342
Kimson Engineering Limited
Notes to the Accounts
for the year ended 31 March 2021
Kimson Engineering Limited is a private company, limited by shares, registered in England and Wales, registration number 07203342. The registered office is UNIT 2, CANALSIDE CLOSE, WALSALL, WS3 1NZ, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Land & buildings
5
Debtors: amounts falling due within one year
2021
2020
Other debtors
12,071
12,071
Debtors: amounts falling due after more than one year
Other debtors
47,085
19,631
Kimson Engineering Limited
Notes to the Accounts
for the year ended 31 March 2021
6
Creditors: amounts falling due within one year
2021
2020
Taxes and social security
7,918
8,347
Loans from directors
71
71
7
Creditors: amounts falling due after more than one year
2021
2020
Bank loans
142,775
148,836
Other creditors
1,732
2,131
Taxes and social security
23,822
15,076
8
Average number of employees
During the year the average number of employees was 0 (2020: 0).