Abbreviated Company Accounts - KINETIC VISION LTD

KINETIC VISION LTD - Company Information

07163453 KINETIC VISION LTD 2015-02-28 false 2014-03-01 2015-02-28 true 07163453 2014-03-01 2015-02-28 07163453 2015-02-28 07163453 2014-02-28 07163453 uk-gaap-cd-bus:Director1 2014-03-01 2015-02-28 07163453 uk-gaap-cd-bus:Director2 2014-03-01 2015-02-28 uk-gaap-cd-bus:OrdinaryShareClass1 2014-03-01 2015-02-28 uk-gaap-cd-bus:OrdinaryShareClass1 2015-02-28 uk-gaap-cd-bus:OrdinaryShareClass1 2014-02-28 iso4217:GBP shares

Registered Number 07163453

KINETIC VISION LTD

Abbreviated Accounts

28 February 2015

KINETIC VISION LTD Registered Number 07163453

Abbreviated Balance Sheet as at 28 February 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	1,640	1,752
		1,640	1,752
Current assets
Debtors		-	1,431
Cash at bank and in hand		4,958	8,217
		4,958	9,648
Creditors: amounts falling due within one year		(7,627)	(9,653)
Net current assets (liabilities)		(2,669)	(5)
Total assets less current liabilities		(1,029)	1,747
Total net assets (liabilities)		(1,029)	1,747
Capital and reserves
Called up share capital	3	1	1
Profit and loss account		(1,030)	1,746
Shareholders' funds		(1,029)	1,747

For the year ending 28 February 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 9 November 2015

And signed on their behalf by:
Mr E Lee, Director

KINETIC VISION LTD Registered Number 07163453

Notes to the Abbreviated Accounts for the period ended 28 February 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
The turnover shown in the profit and loss account represents amounts invoiced during the year.

Tangible assets depreciation policy
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Equipment 25% Reducing Balance

2Tangible fixed assets

	£
Cost
At 1 March 2014	5,270
Additions	435
Disposals	-
Revaluations	-
Transfers	-
At 28 February 2015	5,705
Depreciation
At 1 March 2014	3,518
Charge for the year	547
On disposals	-
At 28 February 2015	4,065
Net book values
At 28 February 2015	1,640
At 28 February 2014	1,752

3Called Up Share Capital
Allotted, called up and fully paid:

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