Company Registration No. SC448142 (Scotland)
Kencel Limited
Unaudited accounts
for the year ended 30 April 2017
Kencel Limited
Unaudited accounts
Contents
Kencel Limited
Company Information
for the year ended 30 April 2017
Director
Mr. Chijioke Kelvin Joseph Ebere
Company Number
SC448142 (Scotland)
Registered Office
426e Great Northern Road
Aberdeen
AB24 2BA
Accountants
Best Option Konsult Limited
Flat 5 Fountain House
Fountain Close
Woolwich
London
SE18 6XG
Kencel Limited
Statement of financial position
as at
30 April 2017
Cash at bank and in hand
12,869
8,743
Creditors: amounts falling due within one year
(11,295)
(11,930)
Net current assets
1,574
1,979
Called up share capital
100
100
Profit and loss account
1,494
2,248
Shareholders' funds
1,594
2,348
For the year ending 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 5 October 2017.
Mr. Chijioke Kelvin Joseph Ebere
Director
Company Registration No. SC448142
Kencel Limited
Notes to the Accounts
for the year ended 30 April 2017
Kencel Limited is a private company, limited by shares, registered in Scotland, registration number SC448142. The registered office and principal place of business is 426e Great Northern Road, Aberdeen, AB24 2BA.
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 April 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 May 2016.
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 costs of the assets over their estimated useful lives less any residual value:
Fixtures & fittings
50% on Cost, Straight Line Method
Computer equipment
50% on Cost, Straight Line Method
Kencel Limited
Notes to the Accounts
for the year ended 30 April 2017
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 May 2016
709
1,079
1,788
At 30 April 2017
709
1,079
1,788
At 1 May 2016
350
1,069
1,419
Charge for the year
349
-
349
At 30 April 2017
699
1,069
1,768
At 30 April 2017
10
10
20
At 30 April 2016
359
10
369
6
Creditors: amounts falling due within one year
2017
2016
Taxes and social security
9,526
11,930
Loans from directors
939
-
7
Share capital
2017
2016
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
The Ultimate Controlling Party is Mr. Chijioke Kelvin Joseph Ebere.
9
Average number of employees
During the year the average number of employees was 1 (2016: 2).