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REGISTERED NUMBER: 01251599 (England and Wales)












KIRTLEGRADE LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2018






KIRTLEGRADE LIMITED (REGISTERED NUMBER: 01251599)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2018










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KIRTLEGRADE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2018







DIRECTOR: W T Churchill



SECRETARY: Mrs V M Churchill



REGISTERED OFFICE: 3 Queenwood Mews
Queenwood Road
Broughton
Stockbridge
Hampshire
SO20 8BP



REGISTERED NUMBER: 01251599 (England and Wales)



BANKERS: National Westminster Bank plc
27 Market Place
Romsey
Hampshire
SO51 8ZH

KIRTLEGRADE LIMITED (REGISTERED NUMBER: 01251599)

BALANCE SHEET
31 MARCH 2018

2018 2017
Notes £    £   
FIXED ASSETS
Tangible assets 4 7 650

CURRENT ASSETS
Debtors 5 9,346 7,485
Cash at bank 84,191 20,058
93,537 27,543
CREDITORS
Amounts falling due within one year 6 (101,345 ) (33,553 )
NET CURRENT LIABILITIES (7,808 ) (6,010 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(7,801

)

(5,360

)

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (7,901 ) (5,460 )
SHAREHOLDERS' FUNDS (7,801 ) (5,360 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies
Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections
394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial
statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

KIRTLEGRADE LIMITED (REGISTERED NUMBER: 01251599)

BALANCE SHEET - continued
31 MARCH 2018



The financial statements were approved by the director on 20 December 2018 and were signed by:





W T Churchill - Director


KIRTLEGRADE LIMITED (REGISTERED NUMBER: 01251599)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2018


1. STATUTORY INFORMATION

Kirtlegrade Limited is a private company, limited by shares , registered in England and Wales. The company's
registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standards
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 disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure
is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary
amounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention, modified to include certain
financial instruments at fair value. The principal accounting policies adopted are set out below.

At the balance sheet date the company has net liabilities, and is dependent upon the support of its director to
continue trading. The director has indicated that his support will continue for a period of at least 12 months from
the date of signing these financial statements, and as such the going concern basis has been used.

Turnover
Turnover represents the value of services provided under contracts to the extent that there is a right to
consideration and is recorded at the value of the consideration due.

Where a contract has only been partially completed at the balance sheet date turnover represents the value of the
service provided to date based on a proportion of the total expected consideration at completion. Where
payments are received from customers in advance of services provided, the amounts are recorded as deferred
income and included as part of creditors due within one year.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Office equipment - 33% Straight line

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 recognised in the income statement.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension
scheme are charged to profit or loss in the period to which they relate.

KIRTLEGRADE LIMITED (REGISTERED NUMBER: 01251599)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2018


2. ACCOUNTING POLICIES - continued

Financial assets
The Company has elected to apply the provision of Section 11 'Basic Financial Instruments' and Section 12
'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial assets are recognised in the company's statement of financial position when the company becomes
party to the contractual provisions of the instrument.

Basic financial assets, which include trade and other receivables and cash and bank balances are initially
measured at transaction price including transaction costs and are subsequently carried at amortised cost using the
effective interest method, unless the arrangement constitutes a financial transaction, where the transaction is
measured at the present value of the future receipts discounted at a market rate of interest.

Financial liabilities
Basic financial liabilities which include trade and other payables, are initially measured at transaction price and
subsequently measured at amortised cost, unless the arrangement constitutes a financing transaction where the
debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Equity instruments
Equity instruments issued by the company are recorded at the fair value of the proceeds received net of direct
issue costs. Dividend's payable on equity instruments are recognised as liabilities once they are no longer at the
discretion of the company

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2017 - 1 ).

4. TANGIBLE FIXED ASSETS
Office
equipment
£   
COST
At 1 April 2017
and 31 March 2018 3,766
DEPRECIATION
At 1 April 2017 3,116
Charge for year 643
At 31 March 2018 3,759
NET BOOK VALUE
At 31 March 2018 7
At 31 March 2017 650

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade debtors 1,289 -
Other debtors 8,057 7,485
9,346 7,485

KIRTLEGRADE LIMITED (REGISTERED NUMBER: 01251599)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2018


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Bank loans and overdrafts 59,500 -
Trade creditors 1,860 -
Taxation and social security 419 756
Other creditors 39,566 32,797
101,345 33,553