| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 31 March 2018 |
| for |
| KENMILL LTD |
| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 31 March 2018 |
| for |
| KENMILL LTD |
| KENMILL LTD (REGISTERED NUMBER: SC517796) |
| 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 |
| Chartered Accountants' Report | 7 |
| KENMILL LTD |
| Company Information |
| for the Year Ended 31 March 2018 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 29 Brandon Street |
| Hamilton |
| ML3 6DA |
| KENMILL LTD (REGISTERED NUMBER: SC517796) |
| Balance Sheet |
| 31 March 2018 |
| 2018 | 2017 |
| as restated |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 5 |
| Investments | 6 |
| CURRENT ASSETS |
| Debtors | 7 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 8 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
9 |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| The directors acknowledge their 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. |
| KENMILL LTD (REGISTERED NUMBER: SC517796) |
| Balance Sheet - continued |
| 31 March 2018 |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements were approved by the Board of Directors on by: |
| KENMILL LTD (REGISTERED NUMBER: SC517796) |
| Notes to the Financial Statements |
| for the Year Ended 31 March 2018 |
| 1. | STATUTORY INFORMATION |
| Kenmill Ltd is a |
| and registered office address can be found on the Company Information page. |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | STATEMENT OF COMPLIANCE |
| 3. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Goodwill |
| Intangible assets |
| Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost |
| less any accumulated amortisation and any accumulated impairment losses. |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to |
| the extent that it relates to items recognised in other comprehensive income or directly in equity. |
| Current or deferred taxation assets and liabilities are not discounted. |
| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or |
| substantively enacted by the balance sheet date. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
| sheet date. |
| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from |
| those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that |
| have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the |
| timing difference. |
| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they |
| will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
| Group accounts |
| The company has taken advantage of the exemption available, under s249 of the Companies Act, for small |
| companies and has not prepared group accounts. The financial statements therefore present information about |
| Kenmill Limited as an individual undertaking and not about its group. |
| 4. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was NIL (2017 - 2 ). |
| KENMILL LTD (REGISTERED NUMBER: SC517796) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2018 |
| 5. | INTANGIBLE FIXED ASSETS |
| Goodwill |
| £ |
| COST |
| At 1 April 2017 |
| and 31 March 2018 |
| AMORTISATION |
| At 1 April 2017 |
| Charge for year |
| At 31 March 2018 |
| NET BOOK VALUE |
| At 31 March 2018 |
| At 31 March 2017 |
| 6. | FIXED ASSET INVESTMENTS |
| Other |
| investments |
| £ |
| COST |
| At 1 April 2017 |
| and 31 March 2018 |
| NET BOOK VALUE |
| At 31 March 2018 |
| At 31 March 2017 |
| 7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2018 | 2017 |
| as restated |
| £ | £ |
| Amounts owed by group undertakings |
| 8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2018 | 2017 |
| as restated |
| £ | £ |
| Bank loans and overdrafts |
| Amounts owed to group undertakings |
| Other creditors |
| KENMILL LTD (REGISTERED NUMBER: SC517796) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2018 |
| 9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2018 | 2017 |
| as restated |
| £ | £ |
| Bank loans |
| Other creditors |
| 10. | RELATED PARTY DISCLOSURES |
| C J Wilson and Mrs M J Wilson |
| Directors |
| During the year, the company repaid £3,242 to the directors (2017 - the directors advanced £40,098 to the |
| company). |
| The balance due to the directors at the year end was £36,756 (2017 - £39,998). |
| Glen Drummond Limited |
| Subsidiary company |
| During the year, Glen Drummond Limited paid a dividend of £54,500 (2017 - £55,000) to the company. The |
| company surrendered tax losses of £2,922 (2017 - £5,748) to Glen Drummond Limited. Glen Drummond |
| Limited advanced £115,742 (2017 - £nil) to the company. |
| The balance due to Glen Drummond Limited at the year end was £94,842 (2017 - the balance due from Glen |
| Drummond Limited was £20,900). |
| These transactions were conducted under normal commercial terms. No interest was charged on outstanding |
| amounts during this year or the previous year. |
| Chartered Accountants' Report to the Board of Directors |
| on the Unaudited Financial Statements of |
| Kenmill Ltd |
| PREVIOUSLY KNOWN AS SHARLES LTD |
| The following reproduces the text of the report prepared for the directors in respect of the company's annual |
| unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file |
| a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the |
| Report of the Directors are not required to be filed with the Registrar of Companies. |
| In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the |
| financial statements of Kenmill Ltd for the year ended 31 March 2018 which comprise the Income Statement, Balance |
| Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from |
| information and explanations you have given us. |
| As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance. |
| This report is made solely to the Board of Directors of Kenmill Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Kenmill Ltd and state those matters that we have agreed to state to the Board of Directors of Kenmill Ltd, as a body, in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report. |
| It is your duty to ensure that Kenmill Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Kenmill Ltd. You consider that Kenmill Ltd is exempt from the statutory audit requirement for the year. |
| We have not been instructed to carry out an audit or a review of the financial statements of Kenmill Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
| 29 Brandon Street |
| Hamilton |
| ML3 6DA |