Company Registration No. 09779815 (England and Wales)
KGN CASH & CARRY LIMITED
Annual report and unaudited accounts
for the year ended 30 September 2017
KGN CASH & CARRY LIMITED
Annual report and unaudited accounts
Contents
KGN CASH & CARRY LIMITED
Company Information
for the year ended 30 September 2017
Director
Farzana Irfan Jamidar
Company Number
09779815 (England and Wales)
Registered Office
165-167 ST PAULS ROAD
PRESTON
LANCASHIRE
PR1 1PX
UNITED KINGDOM
KGN CASH & CARRY LIMITED
Statement of financial position
as at
30 September 2017
Tangible assets
21,785
24,067
Inventories
12,855
20,125
Cash at bank and in hand
26,876
7,562
Creditors: amounts falling due within one year
(39,182)
(33,462)
Net current assets/(liabilities)
6,668
(1,288)
Called up share capital
1
1
Profit and loss account
28,452
22,778
Shareholders' funds
28,453
22,779
For the year ending 30 September 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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.
Approved by the Board on 14 October 2017.
Farzana Irfan Jamidar
Director
Company Registration No. 09779815
KGN CASH & CARRY LIMITED
Notes to the Accounts
for the year ended 30 September 2017
KGN CASH & CARRY LIMITED is a private company, limited by shares, registered in England and Wales, registration number 09779815. The registered office is 165-167 ST PAULS ROAD, PRESTON, LANCASHIRE, PR1 1PX, UNITED KINGDOM.
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.
These financial statements for the year ended 30 September 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 16 September 2015.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
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.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
18% on WDV Method
KGN CASH & CARRY LIMITED
Notes to the Accounts
for the year ended 30 September 2017
4
Tangible fixed assets
Fixtures & fittings
Cost or valuation
At cost
At 30 September 2017
31,850
Charge for the year
4,782
At 30 September 2017
10,065
At 30 September 2017
21,785
At 30 September 2016
24,067
Finished goods
12,855
20,125
Trade debtors
5,242
2,931
Accrued income and prepayments
583
1,556
7
Creditors: amounts falling due within one year
2017
2016
Trade creditors
32,080
32,390
Taxes and social security
4,218
516
Other creditors
2,876
556
8
Share capital
2017
2016
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
9
Average number of employees
During the year the average number of employees was 0 (2016: 0).