Knektd Limited - Abbreviated accounts

Registered number

06343911

Knektd Limited

Abbreviated Accounts

31 July 2014

Knektd Limited
Registered number:		06343911
Abbreviated Balance Sheet
as at 31 July 2014

Notes			2014			2013
£				£
Fixed assets
Tangible assets	2		3,499			10,468

Current assets
Stocks		3,279			4,360
Debtors		106,146			98,827
Cash at bank and in hand		41,343			10,937
		150,768			114,124

Creditors: amounts falling due within one year		(50,693)			(66,429)

Net current assets			100,075			47,695

Total assets less current liabilities			103,574			58,163


Provisions for liabilities			(1,191)			(1,191)


Net assets			102,383			56,972

Capital and reserves
Called up share capital	3		1,000			1,000
Profit and loss account			101,383			55,972

Shareholders' funds			102,383			56,972

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.



Mr Shaun Wilson
Director
Approved by the board on 18 March 2015

Knektd Limited
Notes to the Abbreviated Accounts
for the year ended 31 July 2014

1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

	Turnover
	Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

	Depreciation
	Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

	Plant and machinery			25% reducing balance
	Motor vehicles			25% reducing balance

	Stocks
	Stock is valued at the lower of cost and net realisable value.

	Deferred taxation
	Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.

	Leasing and hire purchase commitments
	Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding. Rentals paid under operating leases are charged to income on a straight line basis over the lease term.


2	Tangible fixed assets					£

	Cost
	At 1 August 2013					17,882
	Additions					608
	Disposals					(8,495)
	At 31 July 2014					9,995

	Depreciation
	At 1 August 2013					7,414
	Charge for the year					1,737
	On disposals					(2,655)
	At 31 July 2014					6,496

	Net book value
	At 31 July 2014					3,499
	At 31 July 2013					10,468


3	Share capital	Nominal		2014		2014		2013
value			Number		£		£
	Allotted, called up and fully paid:
	Ordinary shares	£1 each		1,000		1,000		1,000