KORWOOD CORPORATION LIMITED Accounts filed on 28-02-2014

KORWOOD CORPORATION LIMITED Accounts filed on 28-02-2014

KORWOOD CORPORATION LIMITED - Company Information

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KORWOOD CORPORATION LIMITED




Company Registration Number:
05719871 (England and Wales)



Abbreviated (Unaudited) Accounts



Period of accounts


Start date: 01st March 2013

End date: 28th February 2014

SUBMITTED

KORWOOD CORPORATION LIMITED

Company Information
for the Period Ended 28th February 2014




Director: Bridgefield Nominees Limited
Ramalingum Modely Rungen
Company secretary: Bridgefield Secretaries Limited
Registered office: 6th Floor York House
Empire Way
Wembley
Middlesex
HA9 0QL
Company Registration Number: 05719871 (England and Wales)

KORWOOD CORPORATION LIMITED

Abbreviated Balance sheet
As at 28th February 2014

Notes 2014
£		 2013
£
Current assets
Debtors: 4 29,039 22,345
Total current assets: 29,039 22,345
Creditors
Creditors: amounts falling due within one year 5 1,742 2,016
Net current assets (liabilities): 27,297 20,329
Total assets less current liabilities: 27,297 20,329
Total net assets (liabilities): 27,297 20,329

The notes form part of these financial statements

KORWOOD CORPORATION LIMITED

Abbreviated Balance sheet
As at 28th February 2014
continued

Notes 2014
£		 2013
£
Capital and reserves
Called up share capital: 6 100 100
Profit and Loss account: 27,197 20,229
Total shareholders funds: 27,297 20,329

For the year ending 28 February 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 and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2008).

The financial statements were approved by the Board of Directors on 20 August 2014

SIGNED ON BEHALF OF THE BOARD BY:

Name: Bridgefield Nominees Limited
Status: Director

The notes form part of these financial statements

KORWOOD CORPORATION LIMITED

Notes to the Abbreviated Accounts
for the Period Ended 28th February 2014

  • 1. Accounting policies

    Basis of measurement and preparation of accounts

    The financial statements are prepared under the historical cost convention and comply with financial reporting standards of the Accounting Standards Board. The company has taken advantage of the exemption in FRS1 from the requirement to produce a cashflow statement because it is a small company.

    Turnover policy

    Turnover represents the total invoice value, excluding value added tax, of sales made during the year.

KORWOOD CORPORATION LIMITED

Notes to the Abbreviated Accounts
for the Period Ended 28th February 2014

  • 4. Debtors

    2014
    £     		2013
    £
    Trade debtors: 28,939 22,245
    Other debtors: 100 100
    Total: 29,039 22,345

KORWOOD CORPORATION LIMITED

Notes to the Abbreviated Accounts
for the Period Ended 28th February 2014

  • 5. Creditors: amounts falling due within one year

    2014
    £     		2013
    £
    Taxation and social security: 1,742 2,016
    Total: 1,742 2,016

KORWOOD CORPORATION LIMITED

Notes to the Abbreviated Accounts
for the Period Ended 28th February 2014

  • 6. Called up share capital

    Allotted, called up and paid

    Previous period 2013
    Class Number of shares Nominal value per share Total
    Ordinary shares: 100 1.00
    1.00
    		100
    Total share capital: 100
    Current period 2014
    Class Number of shares Nominal value per share Total
    Ordinary shares: 100 1.00
    1.00
    		100
    Total share capital: 100

KORWOOD CORPORATION LIMITED

Notes to the Abbreviated Accounts
for the Period Ended 28th February 2014

  • 8. Related party disclosures

    The company acts as an agent for its principal Batac Trading Limited, a company incorporated in the British Virgin Islands. The companies are related by common ultimate beneficial owners. Korwood Corporation is paid a 4% agency commission of the profit from the principals trading.