false
false
false
false
false
false
false
false
false
true
false
false
false
false
false
false
false
No description of principal activity
2017-10-01
Sage Accounts Production Advanced 2018 Update 1 - FRS
8,000
6,000
1,000
7,000
1,000
2,000
806
806
xbrli:pure
xbrli:shares
iso4217:GBP
04882590
2017-10-01
2018-09-30
04882590
2018-09-30
04882590
2017-09-30
04882590
2017-09-30
04882590
core:NetGoodwill
2017-10-01
2018-09-30
04882590
bus:RegisteredOffice
2017-10-01
2018-09-30
04882590
bus:Director1
2017-10-01
2018-09-30
04882590
bus:Director2
2017-10-01
2018-09-30
04882590
core:NetGoodwill
2017-09-30
04882590
core:NetGoodwill
2018-09-30
04882590
core:WithinOneYear
2018-09-30
04882590
core:WithinOneYear
2017-09-30
04882590
core:ShareCapital
2018-09-30
04882590
core:ShareCapital
2017-09-30
04882590
core:RetainedEarningsAccumulatedLosses
2018-09-30
04882590
core:RetainedEarningsAccumulatedLosses
2017-09-30
04882590
core:NetGoodwill
2017-09-30
04882590
bus:Director1
2017-09-30
04882590
bus:Director1
2018-09-30
04882590
bus:Director1
2016-09-30
04882590
bus:Director1
2017-09-30
04882590
bus:Director1
2016-10-01
2017-09-30
04882590
bus:SmallEntities
2017-10-01
2018-09-30
04882590
bus:AuditExemptWithAccountantsReport
2017-10-01
2018-09-30
04882590
bus:FullAccounts
2017-10-01
2018-09-30
04882590
bus:SmallCompaniesRegimeForAccounts
2017-10-01
2018-09-30
04882590
bus:PrivateLimitedCompanyLtd
2017-10-01
2018-09-30
04882590
core:ComputerEquipment
2018-09-30
COMPANY REGISTRATION NUMBER:
04882590
Kestrel Knowledge Systems Limited
|
|
Filleted Unaudited Financial Statements
|
|
Kestrel Knowledge Systems Limited
|
|
Year ended 30 September 2018
The directors present their report and the unaudited financial statements of the company for the year ended
30 September 2018
.
Directors
The directors who served the company during the year were as follows:
Miss D Burns
|
|
Mr W G Stratton
|
|
|
|
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
This report was approved by the board of directors on
15 February 2019
and signed on behalf of the board by:
Registered office:
|
First Floor, CQL House
|
Alington Road
|
Little Barford
|
St Neots
|
PE19 6YH
|
|
Kestrel Knowledge Systems Limited
|
|
Statement of Financial Position
|
|
30 September 2018
Fixed assets
Intangible assets
|
4
|
|
1,000
|
2,000
|
|
|
|
|
|
Current assets
Cash at bank and in hand
|
115
|
|
4,477
|
|
|
|
|
Creditors: amounts falling due within one year
|
6
|
1,087
|
|
4,606
|
|
-------
|
|
-------
|
Net current liabilities
|
|
972
|
129
|
|
|
-------
|
-------
|
Total assets less current liabilities
|
|
28
|
1,871
|
|
|
----
|
-------
|
Net assets
|
|
28
|
1,871
|
|
|
----
|
-------
|
|
|
|
|
|
Capital and reserves
Called up share capital
|
|
100
|
100
|
Profit and loss account
|
|
(
72)
|
1,771
|
|
|
----
|
-------
|
Shareholders funds
|
|
28
|
1,871
|
|
|
----
|
-------
|
|
|
|
|
These 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 statement of income and retained earnings has not been delivered.
For the year ending 30 September 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
These financial statements were approved by the
board of directors
and authorised for issue on
15 February 2019
, and are signed on behalf of the board by:
Miss D Burns
|
Mr W G Stratton
|
Director
|
Director
|
|
|
Company registration number:
04882590
Kestrel Knowledge Systems Limited
|
|
Notes to the Financial Statements
|
|
Year ended 30 September 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 First Floor, CQL House, Alington Road, Little Barford, St Neots, PE19 6YH.
2.
Statement of compliance
These 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
Basis of preparation
The 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 financial statements are prepared in sterling, which is the functional currency of the entity.
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.
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.
Goodwill
Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
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.
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:
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.
4.
Intangible assets
|
Goodwill
|
|
£
|
Cost
|
|
At 1 October 2017 and 30 September 2018
|
8,000
|
|
-------
|
Amortisation
|
|
At 1 October 2017
|
6,000
|
Charge for the year
|
1,000
|
|
-------
|
At 30 September 2018
|
7,000
|
|
-------
|
Carrying amount
|
|
At 30 September 2018
|
1,000
|
|
-------
|
At 30 September 2017
|
2,000
|
|
-------
|
|
|
5.
Tangible assets
|
Equipment
|
Total
|
|
£
|
£
|
Cost
|
|
|
At 1 October 2017 and 30 September 2018
|
806
|
806
|
|
----
|
----
|
Depreciation
|
|
|
At 1 October 2017 and 30 September 2018
|
806
|
806
|
|
----
|
----
|
Carrying amount
|
|
|
At 30 September 2018
|
–
|
–
|
|
----
|
----
|
At 30 September 2017
|
–
|
–
|
|
----
|
----
|
|
|
|
6.
Creditors:
amounts falling due within one year
|
2018
|
2017
|
|
£
|
£
|
Bank loans and overdrafts
|
298
|
–
|
Corporation tax
|
110
|
3,537
|
Other creditors
|
679
|
1,069
|
|
-------
|
-------
|
|
1,087
|
4,606
|
|
-------
|
-------
|
|
|
|
7.
Directors' advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
|
2018
|
|
|
Balance brought forward
|
Advances/ (credits) to the directors
|
Amounts repaid
|
Balance outstanding
|
|
|
£
|
£
|
£
|
£
|
|
Miss D Burns
|
(
319)
|
40
|
–
|
(
279)
|
|
|
----
|
----
|
----
|
----
|
|
|
|
|
|
|
|
2017
|
|
|
Balance brought forward
|
Advances/ (credits) to the directors
|
Amounts repaid
|
Balance outstanding
|
|
|
£
|
£
|
£
|
£
|
|
Miss D Burns
|
(
10,034)
|
21,715
|
(
12,000)
|
(
319)
|
|
|
--------
|
--------
|
--------
|
----
|
|
|
|
|
|
|