KPPES LTD - Limited company - abbreviated - 11.6

REGISTERED NUMBER: SC349485 (Scotland)

Abbreviated Unaudited Accounts

for the Year Ended 31 August 2014

for

KPPES LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

R G Beattie C.A.

S A Usher C.A

B D McNulty

REGISTERED OFFICE:

121 Moffat Street

Glasgow

G5 0ND

REGISTERED NUMBER:

SC349485 (Scotland)

FIXED ASSETS

Intangible assets

2

350,000

-

Tangible assets

3

865

865

Investments

4

450,000

-

800,865

865

CURRENT ASSETS

Debtors

70,911

174,686

Cash at bank and in hand

1,498,018

3,338,086

1,568,929

3,512,772

CREDITORS

Amounts falling due within one year

2,290,681

3,450,004

NET CURRENT (LIABILITIES)/ASSETS

(721,752

)

62,768

TOTAL ASSETS LESS CURRENT LIABILITIES

79,113

63,633

CAPITAL AND RESERVES

Called up share capital

5

2

2

Profit and loss account

79,111

63,631

SHAREHOLDERS' FUNDS

79,113

63,633

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2014 in accordance with Section 476 of the Companies Act 2006.

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.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 22 May 2015 and were signed on its behalf by:

R G Beattie C.A. - Director

S A Usher C.A - Director

B D McNulty - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced fees for payroll processing services on behalf of various employment agencies.

This policy has been amended from prior years to comply with FRS5, Practice Note G. This in turn now reflects

as turnover amounts received or receivable by the company in return for its performance of duties under

contractual arrangements.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of three years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

Additions

350,000

At 31 August 2014

350,000

NET BOOK VALUE

At 31 August 2014

350,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2013

and 31 August 2014

1,878

DEPRECIATION

At 1 September 2013

and 31 August 2014

1,013

NET BOOK VALUE

At 31 August 2014

865

At 31 August 2013

865

4.	FIXED ASSET INVESTMENTS

Loans

£

Additions

450,000

At 31 August 2014

450,000

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.14

31.8.13

value:

£

£

2

Ordinary Shares

1

2

2