J.U. Kitchen Consultants Ltd 01531438 false 2016-01-01 2016-12-31 2016-12-31 The principal activity of the company is the sale and installation of kitchens Digita Accounts Production Advanced 6.18.8247.0 Software true 01531438 2016-01-01 2016-12-31 01531438 2016-12-31 01531438 core:RetainedEarningsAccumulatedLosses 2016-12-31 01531438 core:ShareCapital 2016-12-31 01531438 core:CurrentFinancialInstruments core:WithinOneYear 2016-12-31 01531438 core:FurnitureFittingsToolsEquipment 2016-12-31 01531438 bus:SmallEntities 2016-01-01 2016-12-31 01531438 bus:AuditExemptWithAccountantsReport 2016-01-01 2016-12-31 01531438 bus:FullAccounts 2016-01-01 2016-12-31 01531438 bus:RegisteredOffice 2016-01-01 2016-12-31 01531438 bus:Director1 2016-01-01 2016-12-31 01531438 bus:PrivateLimitedCompanyLtd 2016-01-01 2016-12-31 01531438 core:FurnitureFittingsToolsEquipment 2016-01-01 2016-12-31 01531438 countries:UnitedKingdom 2016-01-01 2016-12-31 01531438 2015-12-31 01531438 core:FurnitureFittingsToolsEquipment 2015-12-31 01531438 2015-12-31 01531438 core:RetainedEarningsAccumulatedLosses 2015-12-31 01531438 core:ShareCapital 2015-12-31 01531438 core:CurrentFinancialInstruments core:WithinOneYear 2015-12-31 01531438 core:FurnitureFittingsToolsEquipment 2015-12-31 iso4217:GBP

Registration number: 01531438

J.U. Kitchen Consultants Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 31 December 2016

(filleted for filing purposes)

 

J.U. Kitchen Consultants Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3 to 5

 

J.U. Kitchen Consultants Ltd

Company Information

Director

Mrs U C Quansah

Registered office

The New Barn
Mill Lane
Eastry Sandwich
Kent
CT13 0JW

 

J.U. Kitchen Consultants Ltd

(Registration number: 01531438)
Balance Sheet as at 31 December 2016

Note

2016
£

2015
£

Fixed assets

 

Tangible assets

3

139

186

Current assets

 

Stocks

4

3,012

-

Cash at bank and in hand

 

57,412

72,013

 

60,424

72,013

Creditors: Amounts falling due within one year

5

(10,928)

(19,477)

Net current assets

 

49,496

52,536

Net assets

 

49,635

52,722

Capital and reserves

 

Called up share capital

100

100

Profit and loss account

49,535

52,622

Total equity

 

49,635

52,722

For the financial year ending 31 December 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the director on 19 July 2017
 

.........................................

Mrs U C Quansah

Director

 

J.U. Kitchen Consultants Ltd

Notes to the Financial Statements for the Year Ended 31 December 2016

1

General information

The company is a private company limited by share capital incorporated in United Kingdom.

The address of its registered office is:
The New Barn
Mill Lane
Eastry Sandwich
Kent
CT13 0JW
England

The principal place of business is:
14 Kingsborough Drive
East Church
Sheerness
ME12 4DN

These financial statements were authorised for issue by the director on 19 July 2017.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures and fittings

25% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

J.U. Kitchen Consultants Ltd

Notes to the Financial Statements for the Year Ended 31 December 2016

Stocks

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

 

J.U. Kitchen Consultants Ltd

Notes to the Financial Statements for the Year Ended 31 December 2016

3

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 January 2016

49,320

49,320

At 31 December 2016

49,320

49,320

Depreciation

At 1 January 2016

49,134

49,134

Charge for the year

47

47

At 31 December 2016

49,181

49,181

Carrying amount

At 31 December 2016

139

139

At 31 December 2015

186

186

4

Stocks

2016
£

2015
£

Closing stock

3,012

-

5

Creditors

Note

2016
£

2015
£

Due within one year

 

Trade creditors

 

859

111

Directors loan account

6,833

16,031

Taxation and social security

 

253

1,227

Other creditors

 

2,983

2,108

 

10,928

19,477

6

Transition to FRS 102

The financial statements for the year ended 31 December 2016, are the first financial statements that comply with FRS102 Section 1A 'Small Entities'. The date of the transition is 1 January 2015. As a result of the transition there have not been any changes to the accounting policies or to the opening equity and profit for the comparative period.


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