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Unaudited Financial Statements |
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for the Period 18 July 2016 to 31 July 2017 |
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Kernel of Hove Ltd |
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REGISTERED NUMBER:
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Unaudited Financial Statements |
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for the Period 18 July 2016 to 31 July 2017 |
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for |
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Kernel of Hove Ltd |
Kernel of Hove Ltd (Registered number: 10284512) |
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Contents of the Financial Statements |
for the Period 18 July 2016 to 31 July 2017 |
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Page |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 3 |
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Kernel of Hove Ltd |
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Company Information |
for the Period 18 July 2016 to 31 July 2017 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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19 Victoria Terrace |
Hove |
East Sussex |
BN3 2WB |
Kernel of Hove Ltd (Registered number: 10284512) |
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Balance Sheet |
31 July 2017 |
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Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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CURRENT ASSETS |
Stocks |
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Debtors | 5 |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year | 6 |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
( |
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CAPITAL AND RESERVES |
Called up share capital |
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Retained earnings | ( |
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( |
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The directors acknowledge their responsibilities for: |
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ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies
Act 2006 and |
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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. |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors on
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Kernel of Hove Ltd (Registered number: 10284512) |
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Notes to the Financial Statements |
for the Period 18 July 2016 to 31 July 2017 |
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1. | STATUTORY INFORMATION |
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Kernel of Hove Ltd is a
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registered number and registered office address can be found on the Company Information page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, |
value added tax and other sales taxes. |
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Tangible fixed assets |
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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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Taxation |
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to |
the extent that it relates to items recognised in other comprehensive income or directly in equity. |
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Current or deferred taxation assets and liabilities are not discounted. |
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Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or |
substantively enacted by the balance sheet date. |
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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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Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from |
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that |
have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the |
timing difference. |
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Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they |
will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
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Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the |
lease. |
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Going concern |
The directors have confirmed that they will continue to give financial support to the company until such time as |
its position improves. In addition, the directors have confirmed that they will not recall their loans within 12 |
months. The directors consider that it is appropriate to prepare the financial statements on a going concern basis. |
The financial statements do not include any adjustments that would result if the financial support were |
withdrawn. |
Kernel of Hove Ltd (Registered number: 10284512) |
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Notes to the Financial Statements - continued |
for the Period 18 July 2016 to 31 July 2017 |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the period was
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4. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
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COST |
Additions |
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At 31 July 2017 |
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DEPRECIATION |
Charge for period |
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At 31 July 2017 |
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NET BOOK VALUE |
At 31 July 2017 |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Other debtors |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Trade creditors |
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Taxation and social security |
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Other creditors |
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7. | RELATED PARTY DISCLOSURES |
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Included within other creditors is an amount due to the Director L Stack of £1,903. This amount is interest free |
and repayable on demand. |
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Included within other creditors is an amount due to the Director E Stack of £303. This amount is interest free and |
repayable on demand. |
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8. | ULTIMATE CONTROLLING PARTY |
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The ultimate controlling party is
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