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No description of principal activity
2017-02-01
Sage Accounts Production Advanced 2017 Update 4 - FRS
xbrli:pure
xbrli:shares
iso4217:GBP
03699979
2017-02-01
2018-01-31
03699979
2018-01-31
03699979
2017-01-31
03699979
2016-02-01
2017-01-31
03699979
2017-01-31
03699979
bus:RegisteredOffice
2017-02-01
2018-01-31
03699979
bus:LeadAgentIfApplicable
2017-02-01
2018-01-31
03699979
bus:Director1
2017-02-01
2018-01-31
03699979
bus:CompanySecretary1
2017-02-01
2018-01-31
03699979
core:WithinOneYear
2018-01-31
03699979
core:WithinOneYear
2017-01-31
03699979
core:ShareCapital
2018-01-31
03699979
core:ShareCapital
2017-01-31
03699979
core:RetainedEarningsAccumulatedLosses
2018-01-31
03699979
core:RetainedEarningsAccumulatedLosses
2017-01-31
03699979
bus:Director1
2017-01-31
03699979
bus:Director1
2018-01-31
03699979
bus:Director1
2016-01-31
03699979
bus:Director1
2017-01-31
03699979
bus:Director1
2016-02-01
2017-01-31
03699979
bus:FRS102
2017-02-01
2018-01-31
03699979
bus:AuditExemptWithAccountantsReport
2017-02-01
2018-01-31
03699979
bus:AbridgedAccounts
2017-02-01
2018-01-31
03699979
bus:SmallCompaniesRegimeForAccounts
2017-02-01
2018-01-31
03699979
bus:PrivateLimitedCompanyLtd
2017-02-01
2018-01-31
03699979
core:PlantMachinery
2017-02-01
2018-01-31
03699979
core:FurnitureFittings
2017-02-01
2018-01-31
03699979
core:OfficeEquipment
2017-02-01
2018-01-31
03699979
core:AllAssociates
2017-02-01
2018-01-31
Statement of Consent to Prepare Abridged Financial Statements
|
|
All of the members of Kelston Consultants Limited have consented to the preparation of the abridged statement of income and retained earnings and the abridged statement of financial position for the year ending 31 January 2018 in accordance with Section 444(2A) of the Companies Act 2006.
COMPANY REGISTRATION NUMBER:
03699979
Kelston Consultants Limited
|
|
Filleted Unaudited Abridged Financial Statements
|
|
Kelston Consultants Limited
|
|
Abridged Financial Statements
|
|
Year ended 31 January 2018
Officers and professional advisers
|
1
|
|
|
Abridged statement of financial position
|
2
|
|
|
Notes to the abridged financial statements
|
4
|
|
|
The following pages do not form part of the abridged financial statements
Chartered accountant's report to the director on the preparation of the unaudited statutory abridged financial statements
|
9
|
|
|
Kelston Consultants Limited
|
|
Officers and Professional Advisers
|
|
Company secretary
|
K P Simpson
|
|
|
Registered office
|
Unit 2D
|
|
Southgate
|
|
Commerce Park
|
|
Frome
|
|
Somerset
|
|
BA11 2RY
|
|
|
Accountants
|
Berkeley Hall Limited
|
|
Chartered accountant
|
|
Unit D2 Southgate
|
|
Commerce Park
|
|
Frome
|
|
BA11 2RY
|
|
|
Bankers
|
Lloyds TSB
|
|
47 Milsom Street
|
|
Bath
|
|
Somerset
|
|
BA1 1DN
|
|
|
Kelston Consultants Limited
|
|
Abridged Statement of Financial Position
|
|
31 January 2018
Fixed assets
Current assets
Debtors
|
31,276
|
|
50,246
|
Cash at bank and in hand
|
10,370
|
|
502
|
|
---------
|
|
---------
|
|
41,646
|
|
50,748
|
|
|
|
|
Creditors: amounts falling due within one year
|
34,178
|
|
36,842
|
|
---------
|
|
---------
|
Net current assets
|
|
7,468
|
13,906
|
|
|
-------
|
---------
|
Total assets less current liabilities
|
|
7,491
|
14,115
|
|
|
|
|
Provisions
Taxation including deferred tax
|
|
4
|
42
|
|
|
-------
|
---------
|
Net assets
|
|
7,487
|
14,073
|
|
|
-------
|
---------
|
|
|
|
|
Kelston Consultants Limited
|
|
Abridged Statement of Financial Position (continued)
|
|
31 January 2018
Capital and reserves
Called up share capital
|
|
100
|
100
|
Profit and loss account
|
|
7,387
|
13,973
|
|
|
-------
|
---------
|
Shareholders funds
|
|
7,487
|
14,073
|
|
|
-------
|
---------
|
|
|
|
|
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 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 income and retained earnings has not been delivered.
For the year ending 31 January 2018 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
.
These abridged financial statements were approved by the
board of directors
and authorised for issue on
25 October 2018
, and are signed on behalf of the board by:
Company registration number:
03699979
Kelston Consultants Limited
|
|
Notes to the Abridged Financial Statements
|
|
Year ended 31 January 2018
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit 2D, Southgate, Commerce Park, Frome, Somerset, BA11 2RY.
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
(i)
Basis of preparation
The abridged financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The abridged financial statements are prepared in sterling, which is the functional currency of the entity.
(ii)
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
(iii)
Income tax
The taxation expense represents the aggregate amount of current and deferred 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.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
(iv)
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.
(v)
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:
|
Computer Equipment
|
-
|
over 4 years
|
|
Fixtures and Fittings
|
-
|
over 7 years
|
|
Office equipment
|
-
|
over 7 years
|
|
|
|
|
(vi)
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. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
(vii)
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the abridged statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
(viii)
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
1
(2017:
1
).
5.
Tangible assets
|
£
|
Cost
|
|
At 1 February 2017 and 31 January 2018
|
5,189
|
|
-------
|
Depreciation
|
|
At 1 February 2017
|
4,980
|
Charge for the year
|
186
|
|
-------
|
At 31 January 2018
|
5,166
|
|
-------
|
Carrying amount
|
|
At 31 January 2018
|
23
|
|
-------
|
At 31 January 2017
|
209
|
|
-------
|
|
|
6.
Director's advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
|
2018
|
|
|
Balance brought forward
|
Amounts repaid
|
Balance outstanding
|
|
|
£
|
£
|
£
|
|
A W J Simpson
|
24,392
|
(
33,966)
|
(
9,574)
|
|
|
---------
|
---------
|
-------
|
|
|
|
|
|
|
2017
|
|
|
Balance brought forward
|
Amounts repaid
|
Balance outstanding
|
|
|
£
|
£
|
£
|
|
A W J Simpson
|
22,509
|
1,883
|
24,392
|
|
|
---------
|
-------
|
---------
|
|
|
|
|
|
7.
Related party transactions
The company was under the control of A W J and
K P Simpson
throughout the current and previous financial period. Mr Simpson is the sole director and, between them, he and his wife hold all the issued share capital. No material transactions with related parties were undertaken such as are required to be disclosed under the Financial Reporting Standard FRS102.
Kelston Consultants Limited
|
|
Year ended 31 January 2018
The following pages do not form part of the abridged financial statements.
Kelston Consultants Limited
|
|
Chartered Accountant's Report to the Director on the Preparation of the Unaudited Statutory Abridged Financial Statements of
Kelston Consultants Limited
|
|
Year ended 31 January 2018
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the abridged financial statements of Kelston Consultants Limited for the year ended 31 January 2018, which comprise the abridged statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/membership/regulations-standards-and-guidance. Our work has been undertaken in accordance with ICAEW Technical Release 07/16 AAF as detailed at www.icaew.com/compilation.
Berkeley Hall Limited
Chartered accountant
Unit D2 Southgate
Commerce Park
Frome
BA11 2RY
25 October 2018