Abbreviated Company Accounts - KLIPCORP IP LTD

07368723 KLIPCORP IP LTD 2014-09-30 false 2013-10-01 2014-09-30 true 07368723 2013-10-01 2014-09-30 07368723 2014-09-30 07368723 2013-09-30 07368723 uk-gaap-cd-bus:Director1 2013-10-01 2014-09-30 07368723 uk-gaap-cd-bus:Director2 2013-10-01 2014-09-30 uk-gaap-cd-bus:OrdinaryShareClass1 2013-10-01 2014-09-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-09-30 uk-gaap-cd-bus:OrdinaryShareClass1 2013-09-30 iso4217:GBP shares

Registered Number 07368723

KLIPCORP IP LTD

Abbreviated Accounts

30 September 2014

KLIPCORP IP LTD Registered Number 07368723

Abbreviated Balance Sheet as at 30 September 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	5,495	11,033
		5,495	11,033
Current assets
Debtors		10,501	8,650
Cash at bank and in hand		20,637	14,162
		31,138	22,812
Creditors: amounts falling due within one year		(21,212)	(16,162)
Net current assets (liabilities)		9,926	6,650
Total assets less current liabilities		15,421	17,683
Creditors: amounts falling due after more than one year		-	(20,000)
Total net assets (liabilities)		15,421	(2,317)
Capital and reserves
Called up share capital	3	500	500
Profit and loss account		14,921	(2,817)
Shareholders' funds		15,421	(2,317)

For the year ending 30 September 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 23 June 2015

And signed on their behalf by:
P Lewinton, Director

KLIPCORP IP LTD Registered Number 07368723

Notes to the Abbreviated Accounts for the period ended 30 September 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the total invoice value, excluding value added tax, of sales made during the year and derives from the provision of goods falling within the company's ordinary activities.

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

Plant and machinery - 25% straight line

2Tangible fixed assets

	£
Cost
At 1 October 2013	22,150
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 30 September 2014	22,150
Depreciation
At 1 October 2013	11,117
Charge for the year	5,538
On disposals	-
At 30 September 2014	16,655
Net book values
At 30 September 2014	5,495
At 30 September 2013	11,033

3Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
500 Ordinary shares of £1 each	500	500