Company Registration No. SC228823 (Scotland)
Ken Jack (Satellite & Aerial Services) Limited
Financial Statements
for the year ended 31 March 2021
Ken Jack (Satellite & Aerial Services) Limited
Financial Statements
Contents
Ken Jack (Satellite & Aerial Services) Limited
Company Information
for the year ended 31 March 2021
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 2021
Tangible assets
80,417
37,472
Cash at bank and in hand
32,841
4,942
Creditors: amounts falling due within one year
(55,572)
(22,293)
Net current assets
20,319
8,819
Total assets less current liabilities
100,736
46,291
Creditors: amounts falling due after more than one year
(54,000)
(15,314)
Provisions for liabilities
Deferred tax
(7,100)
(7,100)
Called up share capital
100
100
Profit and loss account
39,536
23,777
Shareholders' funds
39,636
23,877
For the year ending 31 March 2021 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.
The financial statements were approved by the Board and authorised for issue on 30 December 2021 and were signed on its behalf by
Brian Simmonds
Director
Company Registration No. SC228823
Ken Jack (Satellite & Aerial Services) Limited
Notes to the Accounts
for the year ended 31 March 2021
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.
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 April 2020
-
15,686
38,398
365
54,449
Additions
44,072
3,105
-
868
48,045
At 31 March 2021
44,072
18,791
38,398
1,233
102,494
At 1 April 2020
-
11,357
5,530
90
16,977
Charge for the year
-
1,500
3,500
100
5,100
At 31 March 2021
-
12,857
9,030
190
22,077
At 31 March 2021
44,072
5,934
29,368
1,043
80,417
At 31 March 2020
-
4,329
32,868
275
37,472
Ken Jack (Satellite & Aerial Services) Limited
Notes to the Accounts
for the year ended 31 March 2021
5
Debtors: amounts falling due within one year
2021
2020
Trade debtors
40,950
24,070
Accrued income and prepayments
2,100
2,100
6
Creditors: amounts falling due within one year
2021
2020
Obligations under finance leases and hire purchase contracts
2,122
9,079
Trade creditors
31,791
7,241
Taxes and social security
7,339
1,346
Other creditors
3,901
2,946
7
Creditors: amounts falling due after more than one year
2021
2020
Obligations under finance leases and hire purchase contracts
14,000
15,314
8
Average number of employees
During the year the average number of employees was 5 (2020: 5).