KMK Architects Limited - Period Ending 2014-10-31

Registration number: 04577781

KMK Architects Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 October 2014
 

Schonhut Carr & Co.
Chartered Accountants
Thames House
Mayo Road
Walton on Thames
Surrey
KT12 2QA

KMK Architects Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

KMK Architects Limited
(Registration number: 04577781)
Abbreviated Balance Sheet at 31 October 2014

		Note			2014 £			2013 £
Fixed assets
Tangible fixed assets					3,802			4,812
Current assets
Stocks					15,540			12,580
Debtors					7,013			15,156
Cash at bank and in hand					14,860			44,816
					37,413			72,552
Creditors: Amounts falling due within one year					(34,960)			(35,472)
Net current assets					2,453			37,080
Net assets					6,255			41,892
Capital and reserves
Called up share capital		3			2			2
Profit and loss account					6,253			41,890
Shareholders' funds					6,255			41,892

For the year ending 31 October 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 14 July 2015 and signed on its behalf by:

.........................................
Mr M B Kane
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

KMK Architects Limited
Notes to the Abbreviated Accounts for the Year Ended 31 October 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).

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 on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Office equipment	25% on a reducing balance basis

Work in progress

Work in progress is valued at the lower of cost and net realisable value. Net realisable value is based on selling price less anticipated costs to completion and selling costs. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Page 2

KMK Architects Limited
Notes to the Abbreviated Accounts for the Year Ended 31 October 2014
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 November 2013		48,135			48,135
Additions		57			57
At 31 October 2014		48,192			48,192
Depreciation
At 1 November 2013		43,323			43,323
Charge for the year		1,067			1,067
At 31 October 2014		44,390			44,390
Net book value
At 31 October 2014		3,802			3,802
At 31 October 2013		4,812			4,812

3	Share capital

Allotted, called up and fully paid shares

	2014						2013
		No.			£			No.			£
Ordinary shares of £1 each		2			2			2			2

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