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REPORT OF THE MEMBERS AND |
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31 MARCH 2018 |
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KCS (ASHFORD) LLP |
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REGISTERED NUMBER:
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REPORT OF THE MEMBERS AND |
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31 MARCH 2018 |
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FOR |
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KCS (ASHFORD) LLP |
KCS (ASHFORD) LLP (REGISTERED NUMBER: OC380816) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2018 |
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General Information | 1 |
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Report of the Members | 2 |
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Income Statement | 3 |
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Balance Sheet | 4 |
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Notes to the Financial Statements | 6 |
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KCS (ASHFORD) LLP |
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GENERAL INFORMATION |
FOR THE YEAR ENDED 31 MARCH 2018 |
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DESIGNATED MEMBERS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
5 White Oak Square |
London Road |
Swanley |
Kent |
BR8 7AG |
KCS (ASHFORD) LLP (REGISTERED NUMBER: OC380816) |
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REPORT OF THE MEMBERS |
FOR THE YEAR ENDED 31 MARCH 2018 |
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The members present their report with the financial statements of the LLP for the year ended 31 March 2018. |
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PRINCIPAL ACTIVITY |
The principal activity of the LLP in the year under review was that of a cookery school. |
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DESIGNATED MEMBERS |
The designated members during the year under review were: |
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RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS |
The profit for the year before members' remuneration and profit shares was £20,518 (2017 - £394 profit). |
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MEMBERS' INTERESTS |
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ON BEHALF OF THE MEMBERS: |
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KCS (ASHFORD) LLP (REGISTERED NUMBER: OC380816) |
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INCOME STATEMENT |
FOR THE YEAR ENDED 31 MARCH 2018 |
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2018 | 2017 |
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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OPERATING PROFIT and |
PROFIT FOR THE FINANCIAL YEAR
BEFORE MEMBERS' REMUNERATION AND PROFIT SHARES AVAILABLE FOR DISCRETIONARY DIVISION AMONG MEMBERS |
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KCS (ASHFORD) LLP (REGISTERED NUMBER: OC380816) |
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BALANCE SHEET |
31 MARCH 2018 |
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2018 | 2017 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 5 |
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Tangible assets | 6 |
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CURRENT ASSETS |
Stocks |
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Debtors | 7 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 8 |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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NET ASSETS ATTRIBUTABLE TO
MEMBERS |
39,180 |
53,946 |
KCS (ASHFORD) LLP (REGISTERED NUMBER: OC380816) |
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BALANCE SHEET - continued |
31 MARCH 2018 |
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2018 | 2017 |
Notes | £ | £ | £ | £ |
LOANS AND OTHER DEBTS DUE TO
MEMBERS |
9 |
39,180 |
53,946 |
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TOTAL MEMBERS' INTERESTS |
Loans and other debts due to members | 9 | 39,180 | 53,946 |
Amounts due from members | 7 | - | (1,596 | ) |
39,180 | 52,350 |
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The members acknowledge their responsibilities for: |
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ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act
2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and |
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preparing financial statements which give a true and fair view of the state of affairs of the LLP 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 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP. |
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The financial statements were approved by the members of the LLP on
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KCS (ASHFORD) LLP (REGISTERED NUMBER: OC380816) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2018 |
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1. | STATUTORY INFORMATION |
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KCS (ASHFORD) LLP is registered in England and Wales. The LLP's registered number and registered office |
address can be found on the General 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 and |
rebates. Turnover includes revenue earned from sale of goods and from the rendering of services. Turnover |
from the rendering of services is recognised by reference to stage of completion of the course. |
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Goodwill |
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Intangible assets |
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost |
less any accumulated amortisation and any accumulated impairment losses. |
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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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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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3. | EMPLOYEE INFORMATION |
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The average number of employees during the year was NIL (2017 - NIL). |
KCS (ASHFORD) LLP (REGISTERED NUMBER: OC380816) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2018 |
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4. | OPERATING PROFIT |
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The operating profit is stated after charging: |
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2018 | 2017 |
£ | £ |
Depreciation - owned assets |
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Goodwill amortisation |
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5. | INTANGIBLE FIXED ASSETS |
Goodwill |
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COST |
At 1 April 2017 |
and 31 March 2018 |
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AMORTISATION |
At 1 April 2017 |
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Charge for year |
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At 31 March 2018 |
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NET BOOK VALUE |
At 31 March 2018 |
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At 31 March 2017 |
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KCS (ASHFORD) LLP (REGISTERED NUMBER: OC380816) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2018 |
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6. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
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COST |
At 1 April 2017 |
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Additions |
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At 31 March 2018 |
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DEPRECIATION |
At 1 April 2017 |
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Charge for year |
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At 31 March 2018 |
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NET BOOK VALUE |
At 31 March 2018 |
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At 31 March 2017 |
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7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2018 | 2017 |
£ | £ |
Other debtors |
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8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2018 | 2017 |
£ | £ |
Bank loans and overdrafts |
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Trade creditors |
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Other creditors |
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9. | LOANS AND OTHER DEBTS DUE TO MEMBERS |
2018 | 2017 |
£ | £ |
Amounts owed to members in respect of profits | 39,180 | 53,946 |
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Falling due within one year | 39,180 | 53,946 |
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Loans and other debts due to members will be paid after all other creditors of the LLP. |