Abbreviated Company Accounts - K TOWNSEND LTD

08770698 K TOWNSEND LTD 2014-11-30 false 2013-11-12 2014-11-30 true 08770698 2013-11-12 2014-11-30 08770698 2014-11-30 08770698 uk-gaap-cd-bus:Director1 2013-11-12 2014-11-30 08770698 uk-gaap-cd-bus:Director2 2013-11-12 2014-11-30 uk-gaap-cd-bus:OrdinaryShareClass1 2013-11-12 2014-11-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-11-30 iso4217:GBP shares

Registered Number 08770698

K TOWNSEND LTD

Abbreviated Accounts

30 November 2014

K TOWNSEND LTD Registered Number 08770698

Abbreviated Balance Sheet as at 30 November 2014

	Notes	2014
		£
Fixed assets
Tangible assets	2	2,406
		2,406
Current assets
Debtors		12,118
Cash at bank and in hand		12,094
		24,212
Creditors: amounts falling due within one year		(17,376)
Net current assets (liabilities)		6,836
Total assets less current liabilities		9,242
Total net assets (liabilities)		9,242
Capital and reserves
Called up share capital	3	100
Profit and loss account		9,142
Shareholders' funds		9,242

For the year ending 30 November 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 29 June 2015

And signed on their behalf by:
Katie Townsend, Director

K TOWNSEND LTD Registered Number 08770698

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

1Accounting Policies

Basis of measurement and preparation of accounts
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 April 2008.
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).

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

Tangible assets depreciation policy
Depreciation of tangible fixed assets
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:
Motor Vehicles 25% on straight line
Equipment, fixtures and fittings 20% on straight line
Computer equipment: 33% on straight line
Plant and machinery 25% on straight line
Land and buildings leasehold: over the period of the lease

Intangible assets amortisation policy
Depreciation of intangible fixed assets
Intangible assets are amortised on a straight-line basis over the estimated economic life. The estimated economic live are as follows:
Goodwill – 5 years
OR
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.

2Tangible fixed assets

	£
Cost
Additions	3,557
Disposals	-
Revaluations	-
Transfers	-
At 30 November 2014	3,557
Depreciation
Charge for the year	1,151
On disposals	-
At 30 November 2014	1,151
Net book values
At 30 November 2014	2,406

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

	2014 £
100 Ordinary shares of £1 each	100