Abbreviated Company Accounts - NEW KINETICS LIMITED

Abbreviated Company Accounts - NEW KINETICS LIMITED

NEW KINETICS LIMITED - Company Information

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Registered Number 03963830

NEW KINETICS LIMITED

Abbreviated Accounts

30 April 2014

NEW KINETICS LIMITED Registered Number 03963830

Abbreviated Balance Sheet as at 30 April 2014

Notes 2014 2013
£ £
Fixed assets
Tangible assets 2 463 767
463 767
Current assets
Debtors 9,483 11,191
Cash at bank and in hand 32,959 25,845
42,442 37,036
Creditors: amounts falling due within one year (22,284) (20,908)
Net current assets (liabilities) 20,158 16,128
Total assets less current liabilities 20,621 16,895
Total net assets (liabilities) 20,621 16,895
Capital and reserves
Called up share capital 1 1
Profit and loss account 20,620 16,894
Shareholders' funds 20,621 16,895
  • For the year ending 30 April 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 11 August 2014

And signed on their behalf by:
T Friar, Director

NEW KINETICS LIMITED Registered Number 03963830

Notes to the Abbreviated Accounts for the period ended 30 April 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 represents net invoiced sales of goods and services, excluding value added tax.

Tangible assets depreciation policy
Depreciation is provided on all tangible fixed assets at rates calculated to write off the full cost or valuation less estimated residual value of each asset over its estimated useful life. The principal rates in use are:

Equipment, fixtures and fittings 33% on cost

Other accounting policies
The company contributes to a personal pension plan for the director. Payments to the scheme are charged to the accounts as they are paid.

2Tangible fixed assets
£
Cost
At 1 May 2013 11,631
Additions 108
Disposals -
Revaluations -
Transfers -
At 30 April 2014 11,739
Depreciation
At 1 May 2013 10,864
Charge for the year 412
On disposals -
At 30 April 2014 11,276
Net book values
At 30 April 2014 463
At 30 April 2013 767