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Report of the Directors and |
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Financial Statements |
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for the Year Ended 31st March 2015 |
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Kendrick Design Ltd |
REGISTERED NUMBER:
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Report of the Directors and |
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Financial Statements |
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for the Year Ended 31st March 2015 |
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for |
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Kendrick Design Ltd |
Kendrick Design Ltd (Registered number: 05186318) |
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Contents of the Financial Statements |
for the Year Ended 31st March 2015 |
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Company Information | 1 |
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Report of the Directors | 2 |
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Profit and Loss Account | 3 |
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Balance Sheet | 4 |
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Notes to the Financial Statements | 6 |
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Kendrick Design Ltd |
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Company Information |
for the Year Ended 31st March 2015 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANT: |
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Kendrick Design Ltd (Registered number: 05186318) |
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Report of the Directors |
for the Year Ended 31st March 2015 |
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The directors present their report with the financial statements of the company for the year ended 31st March 2015. |
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DIRECTORS |
The directors shown below have held office during the whole of the period from 1st April 2014 to the date of |
this report. |
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This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act |
2006 relating to small companies. |
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ON BEHALF OF THE BOARD: |
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Kendrick Design Ltd (Registered number: 05186318) |
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Profit and Loss Account |
for the Year Ended 31st March 2015 |
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31.3.15 | 31.3.14 |
Notes | £ | £ |
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TURNOVER |
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Cost of sales |
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GROSS PROFIT |
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Administrative expenses |
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55,938 | 35,163 |
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Other operating income |
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OPERATING PROFIT | 2 |
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Interest receivable and similar income |
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73,182 | 51,484 |
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Interest payable and similar charges |
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PROFIT ON ORDINARY ACTIVITIES
BEFORE TAXATION |
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Tax on profit on ordinary activities | 3 |
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PROFIT FOR THE FINANCIAL YEAR |
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Kendrick Design Ltd (Registered number: 05186318) |
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Balance Sheet |
31st March 2015 |
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31.3.15 | 31.3.14 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
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Tangible assets | 5 |
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CURRENT ASSETS |
Stocks |
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Debtors | 6 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 7 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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PROVISIONS FOR LIABILITIES | 8 |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital | 9 |
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Profit and loss account | 10 |
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SHAREHOLDERS' FUNDS |
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The directors acknowledge their 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. |
Kendrick Design Ltd (Registered number: 05186318) |
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Balance Sheet - continued |
31st March 2015 |
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The financial statements were approved by the Board of Directors on
behalf by: |
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Kendrick Design Ltd (Registered number: 05186318) |
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Notes to the Financial Statements |
for the Year Ended 31st March 2015 |
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1. | ACCOUNTING POLICIES |
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Accounting convention |
The financial statements have been prepared under the historical cost convention and in accordance |
with the Financial Reporting Standard for Smaller Entities (effective April 2008). |
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Turnover |
Turnover represents sales nett of VAT. |
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Goodwill |
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Tangible fixed assets |
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Land and buildings | - |
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Plant and machinery etc | - |
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Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for |
obsolete and slow moving items. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at |
the balance sheet date. |
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2. | OPERATING PROFIT |
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The operating profit is stated after charging/(crediting): |
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31.3.15 | 31.3.14 |
£ | £ |
Depreciation - owned assets |
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Profit on disposal of fixed assets |
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Goodwill amortisation |
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Directors' remuneration and other benefits etc |
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3. | TAXATION |
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Analysis of the tax charge |
The tax charge on the profit on ordinary activities for the year was as follows: |
31.3.15 | 31.3.14 |
£ | £ |
Current tax: |
UK corporation tax |
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Deferred tax | ( |
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Tax on profit on ordinary activities |
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Kendrick Design Ltd (Registered number: 05186318) |
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Notes to the Financial Statements - continued |
for the Year Ended 31st March 2015 |
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4. | INTANGIBLE FIXED ASSETS |
Goodwill |
£ |
COST |
At 1st April 2014 |
and 31st March 2015 |
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AMORTISATION |
At 1st April 2014 |
and 31st March 2015 |
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NET BOOK VALUE |
At 31st March 2015 |
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At 31st March 2014 |
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5. | TANGIBLE FIXED ASSETS |
Plant and |
Land and | machinery |
buildings | etc | Totals |
£ | £ | £ |
COST |
At 1st April 2014 |
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Additions |
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At 31st March 2015 |
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DEPRECIATION |
At 1st April 2014 |
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Charge for year |
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At 31st March 2015 |
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NET BOOK VALUE |
At 31st March 2015 |
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At 31st March 2014 |
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6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.15 | 31.3.14 |
£ | £ |
Trade debtors | 35,325 | 37,065 |
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7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.15 | 31.3.14 |
£ | £ |
Trade creditors |
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Taxation and social security |
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Other creditors |
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Kendrick Design Ltd (Registered number: 05186318) |
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Notes to the Financial Statements - continued |
for the Year Ended 31st March 2015 |
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8. | PROVISIONS FOR LIABILITIES |
31.3.15 | 31.3.14 |
£ | £ |
Deferred tax |
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Deferred |
tax |
£ |
Balance at 1st April 2014 |
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Utilised during year | ( |
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Balance at 31st March 2015 |
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9. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.3.15 | 31.3.14 |
value: | £ | £ |
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Ordinary | 1 |
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10. | RESERVES |
Profit |
and loss |
account |
£ |
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At 1st April 2014 |
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Profit for the year |
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Dividends | ( |
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At 31st March 2015 |
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11. | RELATED PARTY DISCLOSURES |
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Business owned by relatives of Mr Kendrick. |
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Rents received include rentals from businesses operated by relatives of Mr and Mrs Kendrick. These |
rents are at market value and total £13,967 (£2014 - 13,224). |
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12. | ULTIMATE CONTROLLING PARTY |
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The controlling party is
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