Kohler Book Collections Limited
Unaudited Financial Statements
For Filing with Registrar
For the first period ended 30 April 2019
Company Registration No. 11143191 (England and Wales)
Kohler Book Collections Limited
Company Information
Directors
C C Kohler
(Appointed 10 January 2018)
M S Kohler
(Appointed 10 January 2018)
Company number
11143191
Registered office
Betchworth House
57-65 Station Road
Redhill
Surrey
RH1 1DL
Accountants
Moore Kingston Smith LLP
Betchworth House
57-65 Station Road
Redhill
Surrey
RH1 1DL
Kohler Book Collections Limited
Balance Sheet
As at 30 April 2019
30 April 2019
Page 1
2019
Notes
£
£
Fixed assets
Tangible assets
2
7,763
Current assets
Stock
218,381
Debtors
3
2,219
Cash at bank and in hand
7,541
228,141
Creditors: amounts falling due within one year
4
(72,993)
Net current assets
155,148
Total assets less current liabilities
162,911
Capital and reserves
Called up share capital
5
100
Share premium account
185,422
Profit and loss reserves
(22,611)
Total equity
162,911
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.
true
For the financial first period ended 30 April 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
T
he directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
T
he members have not required the company to obtain an audit of its financial statements for the first period in question in accordance with section 476
.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The financial statements were approved by the board of directors and authorised for issue on 3 October 2019 and are signed on its behalf by:
C C Kohler
M S Kohler
Director
Director
Company Registration No. 11143191
Kohler Book Collections Limited
Statement of Changes in Equity
For the first period ended 30 April 2019
Page 2
Share capital
Share premium account
Profit and loss reserves
Total
Notes
£
£
£
£
Period ended 30 April 2019:
Loss and total comprehensive income for the period
-
-
(22,611)
(22,611)
Issue of share capital
5
100
185,422
-
185,522
Balance at 30 April 2019
100
185,422
(22,611)
162,911
Kohler Book Collections Limited
Notes to the Financial Statements
For the first period ended 30 April 2019
Page 3
1
Accounting policies
Company information
Kohler Book Collections Limited is a
private
company
limited by shares
incorporated in England and Wales.
The registered office is
57-65 Station Road, Redhill, Surrey, RD1 1DL.
1.1
Accounting convention
These financial statements have been prepared in accordance with Section 1A of FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are prepared in
sterling
, which is the functional currency of the company.
Monetary a
mounts
in these financial statements are
rounded to the nearest pound.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Tangible fixed assets
Tangible fixed assets
are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Fixtures and fittings
10% reducing balance
Motor vehicles
25% reducing balance
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and
is credited or charged to profit or loss
.
1.3
Stock
Stock are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stock to their present location and condition.
Stock held for distribution at no or nominal consideration are measured at the lower of replacement cost and cost, adjusted where applicable for any loss of service potential.
At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stock over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.
1.4
Cash at bank and in hand
Cash at bank and in hand
are basic financial assets
and
include cash in hand
and balances
held at call with banks
.
1.5
Financial instruments
The company only has financial instruments classified as basic and measured at amortised cost. The company has no financial instruments that are classified as 'other' or financial instruments measured at fair value.
Kohler Book Collections Limited
Notes to the Financial Statements (Continued)
For the first period ended 30 April 2019
1
Accounting policies
(Continued)
Page 4
1.6
Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
2
Tangible fixed assets
Plant and machinery etc
£
Cost
At 10 January 2018
-
Additions
9,565
At 30 April 2019
9,565
Depreciation and impairment
At 10 January 2018
-
Depreciation charged in the first period
1,802
At 30 April 2019
1,802
Carrying amount
At 30 April 2019
7,763
3
Debtors
2019
Amounts falling due within one year:
£
Other debtors
2,219
4
Creditors: amounts falling due within one year
2019
£
Other creditors
72,993
Kohler Book Collections Limited
Notes to the Financial Statements (Continued)
For the first period ended 30 April 2019
Page 5
5
Called up share capital
2019
£
Ordinary share capital
Issued and fully paid
100 Ordinary shares of £1 each
100
100
During the first period, 2 Ordinary shares were issued at par value.
On 11 May 2018, 98 Ordinary shares were issued in exchange for the trade and assets of an unincorporated partnership.
6
Related party transactions
Included within other creditors at the period end is £70,593 owed to the directors of the company.