Kontrol Freax Limited - Period Ending 2014-09-30

Registration number: 04915926

Kontrol Freax Limited

Unaudited Abbreviated Accounts

for the Year Ended 30 September 2014
 

Barrys Accountants Limited
Chartered Certified Accountants
Barley View House
1 Barley View
Prestwood
Buckinghamshire
HP16 9BW

Kontrol Freax Limited
Contents

Company Information 1

Accountants' Report 2

Abbreviated Balance Sheet 3

Notes to the Abbreviated Accounts 4 to 5

Kontrol Freax Limited
Company Information

Directors

Mr Neil Heslop Mr Stephen Scammell Mrs Nicola Jane Heslop

Company secretary

Mr Stephen Scammell

Registered office

Barley View House 1 Barley View Prestwood Buckinghamshire HP16 9BW

Accountants

Barrys Accountants Limited Chartered Certified Accountants Barley View House 1 Barley View Prestwood Buckinghamshire HP16 9BW

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 3 to 5) have been prepared.

Chartered Certified Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Kontrol Freax Limited
for the Year Ended 30 September 2014

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Kontrol Freax Limited for the year ended 30 September 2014 set out on pages from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.

This report is made solely to the Board of Directors of Kontrol Freax Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Kontrol Freax Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www2.accaglobal.com/pubs/members/publications/technical_factsheets/downloads/163.doc. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Kontrol Freax Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Kontrol Freax Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Kontrol Freax Limited. You consider that Kontrol Freax Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Kontrol Freax Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Barrys Accountants Limited
Chartered Certified Accountants
Barley View House
1 Barley View
Prestwood
Buckinghamshire
HP16 9BW

29 June 2015

Page 2

Kontrol Freax Limited
(Registration number: 04915926)
Abbreviated Balance Sheet at 30 September 2014

		Note			2014 £			2013 £
Fixed assets
Tangible fixed assets					20,723			31,556
Current assets
Debtors					-			9,686
Cash at bank and in hand					31			2,968
					31			12,654
Creditors: Amounts falling due within one year					(52,565)			(45,934)
Net current liabilities					(52,534)			(33,280)
Total assets less current liabilities					(31,811)			(1,724)
Creditors: Amounts falling due after more than one year					(4,729)			(11,911)
Provisions for liabilities					(4,145)			(6,311)
Net liabilities					(40,685)			(19,946)
Capital and reserves
Called up share capital		3			100			100
Profit and loss account					(40,785)			(20,046)
Shareholders' deficit					(40,685)			(19,946)

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 29 June 2015 and signed on its behalf by:

.........................................
Mrs Nicola Jane Heslop
Director

The notes on pages 4 to 5 form an integral part of these financial statements.
Page 3

Kontrol Freax Limited
Notes to the Abbreviated Accounts for the Year Ended 30 September 2014
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Going concern

The directors acknowledge that trading conditions in the year have been difficult, the company continue to
market a new and improved product, which the directors believe will generate increased sales. Therefore in their opinion the company has adequate support available to continue in operational existence for the foreseeable future and, it is appropriate to adopt the going concern basis for the preparation of these financial statements.

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

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

Asset class	Depreciation method and rate
Plant & Machinery	Straight line over 8 years
Computer Equipment	Straight line over 3 years

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE.

Foreign currency

Transactions in foreign currencies are recorded at the exchange rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated at the closing rates at the balance sheet date. All exchange differences are included in the profit and loss account.

Pensions

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to the profit and loss account in the period to which they relate.

Page 4

Kontrol Freax Limited
Notes to the Abbreviated Accounts for the Year Ended 30 September 2014
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 October 2013		225,850			225,850
At 30 September 2014		225,850			225,850
Depreciation
At 1 October 2013		194,294			194,294
Charge for the year		10,833			10,833
At 30 September 2014		205,127			205,127
Net book value
At 30 September 2014		20,723			20,723
At 30 September 2013		31,556			31,556

3	Share capital

Allotted, called up and fully paid shares

	2014						2013
		No.			£			No.			£
Ordinary of £1 each		100			100			100			100

4

Control

The company is controlled by S Scammell one of the company directors, who holds 60% of the issued share capital..

Page 5