Company Registration No. SC228823 (Scotland)
Ken Jack (Satellite & Aerial Services) Limited
Financial Statements
for the year ended 31 March 2019
Ken Jack (Satellite & Aerial Services) Limited
Financial Statements
Contents
Ken Jack (Satellite & Aerial Services) Limited
Company Information
for the year ended 31 March 2019
Directors
Kenneth Jack
Brian Simmonds
Company Number
SC228823 (Scotland)
Registered Office
16 Alder Grove
Coatbridge
ML5 3PT
Ken Jack (Satellite & Aerial Services) Limited
Statement of financial position
as at
31 March 2019
Tangible assets
20,334
4,366
Cash at bank and in hand
2,075
9,418
Creditors: amounts falling due within one year
(18,643)
(9,248)
Net current assets
5,590
10,287
Total assets less current liabilities
25,924
14,653
Creditors: amounts falling due after more than one year
(7,479)
-
Provisions for liabilities
Called up share capital
100
100
Profit and loss account
14,445
14,553
Shareholders' funds
14,545
14,653
For the year ending 31 March 2019 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 directors acknowledge their 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 16 December 2019.
Brian Simmonds
Director
Company Registration No. SC228823
Ken Jack (Satellite & Aerial Services) Limited
Notes to the Accounts
for the year ended 31 March 2019
Ken Jack (Satellite & Aerial Services) Limited is a private company, limited by shares, registered in Scotland, registration number SC228823. The registered office is 16 Alder Grove, Coatbridge, ML5 3PT.
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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Motor vehicles
25% reducing balance
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Ken Jack (Satellite & Aerial Services) Limited
Notes to the Accounts
for the year ended 31 March 2019
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 April 2018
10,721
12,000
22,721
Additions
2,197
18,523
20,720
Disposals
-
(12,000)
(12,000)
At 31 March 2019
12,918
18,523
31,441
At 1 April 2018
8,907
9,448
18,355
Charge for the year
1,000
1,200
2,200
On disposals
-
(9,448)
(9,448)
At 31 March 2019
9,907
1,200
11,107
At 31 March 2019
3,011
17,323
20,334
At 31 March 2018
1,814
2,552
4,366
Trade debtors
22,158
10,117
6
Creditors: amounts falling due within one year
2019
2018
Obligations under finance leases and hire purchase contracts
4,079
-
Trade creditors
5,224
1,954
Taxes and social security
5,908
4,062
Loans from directors
2,484
2,484
7
Creditors: amounts falling due after more than one year
2019
2018
Obligations under finance leases and hire purchase contracts
7,479
-
8
Average number of employees
During the year the average number of employees was 2 (2018: 2).