Abbreviated Company Accounts - KING'S PERMANENT BUILDINGS LIMITED

Abbreviated Company Accounts - KING'S PERMANENT BUILDINGS LIMITED

KING'S PERMANENT BUILDINGS LIMITED - Company Information

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Registered Number 00539254

KING'S PERMANENT BUILDINGS LIMITED

Abbreviated Accounts

31 December 2014

KING'S PERMANENT BUILDINGS LIMITED Registered Number 00539254

Abbreviated Balance Sheet as at 31 December 2014

Notes 2014 2013
£ £
Fixed assets
Tangible assets 2 3,859 304
3,859 304
Current assets
Stocks 10,187 7,187
Debtors 5,000 5,000
Cash at bank and in hand 200 200
15,387 12,387
Creditors: amounts falling due within one year (11,463) (10,786)
Net current assets (liabilities) 3,924 1,601
Total assets less current liabilities 7,783 1,905
Total net assets (liabilities) 7,783 1,905
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account 6,783 905
Shareholders' funds 7,783 1,905
  • For the year ending 31 December 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 28 September 2015

And signed on their behalf by:
Mrs D K Kempton, Director

KING'S PERMANENT BUILDINGS LIMITED Registered Number 00539254

Notes to the Abbreviated Accounts for the period ended 31 December 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 comprises the invoiced value of goods and services supplied by the company net of Value added Tax.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation.

Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant and Machinery - 15% reducing balance basis
Motor Vehicles - 20% reducing balance basis

2Tangible fixed assets
£
Cost
At 1 January 2014 1,961
Additions 4,500
Disposals -
Revaluations -
Transfers -
At 31 December 2014 6,461
Depreciation
At 1 January 2014 1,657
Charge for the year 945
On disposals -
At 31 December 2014 2,602
Net book values
At 31 December 2014 3,859
At 31 December 2013 304