Company Registration No. 09675791 (England and Wales)
KIN + ILK PONTCANNA LIMITED
Unaudited accounts
for the year ended 31 December 2021
KIN + ILK PONTCANNA LIMITED
Unaudited accounts
Contents
KIN + ILK PONTCANNA LIMITED
Company Information
for the year ended 31 December 2021
Company Number
09675791 (England and Wales)
Registered Office
1 CAPITAL QUARTER
TYNDALL STREET
CARDIFF
CF10 4BZ
WALES
KIN + ILK PONTCANNA LIMITED
Statement of financial position
as at 31 December 2021
Tangible assets
177,556
157,965
Cash at bank and in hand
1,234
7,410
Creditors: amounts falling due within one year
(147,442)
(126,270)
Net current assets
137,675
78,727
Total assets less current liabilities
315,231
236,692
Creditors: amounts falling due after more than one year
(275,893)
(261,881)
Net assets/(liabilities)
39,338
(25,189)
Called up share capital
1
1
Revaluation reserve
40,768
40,768
Profit and loss account
(1,431)
(65,958)
Shareholders' funds
39,338
(25,189)
For the year ending 31 December 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 his 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 5 September 2022 and were signed on its behalf by
David Davies
Director
Company Registration No. 09675791
KIN + ILK PONTCANNA LIMITED
Notes to the Accounts
for the year ended 31 December 2021
KIN + ILK PONTCANNA LIMITED is a private company, limited by shares, registered in England and Wales, registration number 09675791. The registered office is 1 CAPITAL QUARTER, TYNDALL STREET, CARDIFF, CF10 4BZ, WALES.
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:
Land & buildings
20% Straight Line
Plant & machinery
20% Straight Line
Motor vehicles
25% Straight Line
Fixtures & fittings
15 years Straight Line
Computer equipment
25% Straight Line
These accounts have been prepared on the going concern basis, on the understanding that the directors and shareholders will continue to financially support the company during this uncertain period.
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At cost
At 1 January 2021
3,360
10,674
21,370
220,795
2,048
258,247
Additions
-
22,688
-
33,715
-
56,403
At 31 December 2021
3,360
33,362
21,370
254,510
2,048
314,650
At 1 January 2021
1,121
3,996
6,731
86,690
1,744
100,282
Charge for the year
672
4,139
5,342
26,142
517
36,812
At 31 December 2021
1,793
8,135
12,073
112,832
2,261
137,094
At 31 December 2021
1,567
25,227
9,297
141,678
(213)
177,556
At 31 December 2020
2,239
6,678
14,639
134,105
304
157,965
KIN + ILK PONTCANNA LIMITED
Notes to the Accounts
for the year ended 31 December 2021
Carrying values included above held under finance leases and hire purchase contracts:
£
£
- Fixtures & fittings
-
114,640
5
Debtors: amounts falling due within one year
2021
2020
Amounts due from group undertakings etc.
254,084
166,046
Accrued income and prepayments
10,109
11,270
6
Creditors: amounts falling due within one year
2021
2020
Bank loans and overdrafts
11,191
36,975
Obligations under finance leases and hire purchase contracts
-
8,673
Trade creditors
57,976
28,790
Amounts owed to group undertakings and other participating interests
73,994
24,235
Taxes and social security
1,478
467
7
Creditors: amounts falling due after more than one year
2021
2020
Loans from directors
238,017
168,131
8
Average number of employees
During the year the average number of employees was 12 (2020: 12).