Abbreviated Company Accounts - K. LO WEALTH MANAGEMENT LTD

K. LO WEALTH MANAGEMENT LTD - Company Information

05908660 K. LO WEALTH MANAGEMENT LTD 2015-08-31 false 2014-09-01 2015-08-31 true 05908660 2014-09-01 2015-08-31 05908660 2015-08-31 05908660 2014-08-31 05908660 uk-gaap-cd-bus:Director1 2014-09-01 2015-08-31 05908660 uk-gaap-cd-bus:Director2 2014-09-01 2015-08-31 uk-gaap-cd-bus:Director3 2014-09-01 2015-08-31 uk-gaap-cd-bus:Director3 2015-08-31 uk-gaap-cd-bus:Director3 2014-08-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-09-01 2015-08-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-08-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-08-31 iso4217:GBP shares

Registered Number 05908660

K. LO WEALTH MANAGEMENT LTD

Abbreviated Accounts

31 August 2015

K. LO WEALTH MANAGEMENT LTD Registered Number 05908660

Abbreviated Balance Sheet as at 31 August 2015

	Notes	2015	2014
		£	£
Fixed assets
Intangible assets	2	25,200	-
Tangible assets	3	1	1
		25,201	1
Current assets
Cash at bank and in hand		10,558	7,221
		10,558	7,221
Creditors: amounts falling due within one year		(25,997)	(3,402)
Net current assets (liabilities)		(15,439)	3,819
Total assets less current liabilities		9,762	3,820
Total net assets (liabilities)		9,762	3,820
Capital and reserves
Called up share capital	4	10	10
Profit and loss account		9,752	3,810
Shareholders' funds		9,762	3,820

For the year ending 31 August 2015 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 6 October 2015

And signed on their behalf by:
Kevin Lo, Director

K. LO WEALTH MANAGEMENT LTD Registered Number 05908660

Notes to the Abbreviated Accounts for the period ended 31 August 2015

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 represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts.

Tangible assets depreciation policy
Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Intangible assets amortisation policy
Goodwill
Goodwill arising in connection with the acquisition of businesses is capitalised and amortised over its estimated economic life to a maximum of 5 years.

Other accounting policies
Taxation
Corporation tax payable is provided on taxable profits at the current rates.
Provision is made for deferred taxation in so far as a liability or asset has arisen as a result of transactions that had occurred by the balance sheet date and have given rise to an obligation to pay more tax in the future, or the right to pay less tax in the future. An asset has not been recognised to the extent that the transfer of economic benefits in the future is uncertain. Deferred tax assets and liabilities recognised have not been discounted.

2Intangible fixed assets

	£
Cost
At 1 September 2014	-
Additions	31,500
Disposals	-
Revaluations	-
Transfers	-
At 31 August 2015	31,500
Amortisation
At 1 September 2014	-
Charge for the year	6,300
On disposals	-
At 31 August 2015	6,300
Net book values
At 31 August 2015	25,200
At 31 August 2014	-

3Tangible fixed assets

	£
Cost
At 1 September 2014	1
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 August 2015	1
Depreciation
At 1 September 2014	-
Charge for the year	-
On disposals	-
At 31 August 2015	-
Net book values
At 31 August 2015	1
At 31 August 2014	1

4Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
10 Ordinary shares of £1 each	10	10

5Transactions with directors

Name of director receiving advance or credit:	Kevin Lo
Description of the transaction:	Related Party Transactions
Balance at 1 September 2014:	£ 1
Advances or credits made:	-
Advances or credits repaid:	£ 1
Balance at 31 August 2015:	£ 0

The director does not have any material interest, direct or indirect, in any contract entered into by the company.