Kirk Process Solutions Ltd
|
Registered Number
:
07007824
|
For the year ended 30 April 2017
England and Wales
Unaudited Financial Statements
Kirk Process Solutions Ltd
Statement of Financial Position
30/4/2016
30/4/2017
Property
,
plant and equipment
|
57,130
73,130
2
57,130
73,130
79,415
128,486
Trade and other receivables
|
116,216
553,982
3
8,602
Cash and cash equivalents
|
67,160
749,628
204,233
Trade and other payables
:
amounts falling due within
|
one year
|
(147,263)
(441,433)
4
56,970
308,195
Net current assets
Total assets less current liabilities
|
365,325
130,100
365,325
Net assets
130,100
10,000
10,000
355,325
120,100
365,325
130,100
Shareholders' funds
For the year ended 30 April 2017 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 of its financial statements for the year ended 30 April 2017 in accordance with Section 476 of the Companies Act 2006
|
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section
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
.
|
In accordance with Section
444
of the Companies Act
2006
,
the Income Statement has not been delivered
.
|
The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.
|
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For the year ended 30 April 2017
Kirk Process Solutions Ltd
Statement of Financial Position Continued
These financial statements were approved and authorised for issue by the Board on 24 June 2017 and were signed by:
|
The notes form part of these financial statements
|
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For the year ended 30 April 2017
Kirk Process Solutions Ltd
Notes to the Financial Statements
Statutory Information
Kirk Process Solutions Ltd is a private limited company
,
limited by shares
,
domiciled in England and
|
Wales
,
registration number
07007824
.
|
161 Park Close
Walton On Thames
Surrey
KT12 1EW
The presentation currency is £ sterling
.
|
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section
1
A of
|
Financial Reporting Standard
102
'
The Financial Reporting Standard applicable in the UK and Republic
|
of Ireland
'
and the Companies Act
2006
.
The financial statements have been prepared under the
|
historical costs convention as modified by the revaluation of certain assets
.
|
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.
|
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
|
Motor vehicles
Inventories
Inventories are value at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
|
Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate at the date of transaction. Exchange rate differences are taken into account in arriving at the operating result.
|
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straightline basis over the period of the lease.
|
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For the year ended 30 April 2017
Kirk Process Solutions Ltd
Notes to the Financial Statements Continued
2
.
Property
,
plant and equipment
|
89,130
89,130
Provision for depreciation and impairment
|
16,000
Charge for year
16,000
32,000
57,130
73,130
3
.
Trade and other receivables
|
30/4/2016
30/4/2017
206,280
82,163
347,702
34,053
116,216
553,982
4
.
Trade and other payables
:
amounts falling due within one year
|
30/4/2016
30/4/2017
107,082
57,863
Taxation and social security
|
761
6,724
333,590
82,676
441,433
147,263
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