K_W_AND_ASSOCIATES_LTD - Accounts

K W AND ASSOCIATES LIMITED - Company Information

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Company Registration No. SC404893 (Scotland)

K W AND ASSOCIATES LTD

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2014

K W AND ASSOCIATES LTD

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

K W AND ASSOCIATES LTD

ABBREVIATED BALANCE SHEET

AS AT

31 AUGUST 2014

- 1 -

2014

2013

Notes

Fixed assets

Tangible assets

758

669

Current assets

Debtors

17,475

13,657

Cash at bank and in hand

1,636

20,711

19,111

34,368

Creditors: amounts falling due within one year

(14,253)

(26,661)

Net current assets

4,858

7,707

Total assets less current liabilities

5,616

8,376

Capital and reserves

Called up share capital

Profit and loss account

5,615

8,375

Shareholders' funds

5,616

8,376

For the financial year ended 31 August 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 16 June 2015

Ms K Wilkinson

Director

Company Registration No. SC404893

K W AND ASSOCIATES LTD

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 2014

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Fixtures, fittings & equipment

Fixed assets

Tangible assets

Cost

At 1 September 2013

1,045

Additions

279

At 31 August 2014

1,324

Depreciation

At 1 September 2013

376

Charge for the year

190

At 31 August 2014

566

Net book value

At 31 August 2014

758

At 31 August 2013

669

Share capital

2014

2013

Allotted, called up and fully paid

1 Ordinary of £1 each