Abbreviated Company Accounts - KARMANS ACCOUNTANTS LIMITED

KARMANS ACCOUNTANTS LIMITED - Company Information

07199155 KARMANS ACCOUNTANTS LIMITED 2015-03-31 false 2014-04-01 2015-03-31 true 07199155 2014-04-01 2015-03-31 07199155 2015-03-31 07199155 2014-03-31 07199155 uk-gaap-cd-bus:Director1 2014-04-01 2015-03-31 07199155 uk-gaap-cd-bus:Director2 2014-04-01 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-04-01 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-03-31 iso4217:GBP shares

Registered Number 07199155

KARMANS ACCOUNTANTS LIMITED

Abbreviated Accounts

31 March 2015

KARMANS ACCOUNTANTS LIMITED Registered Number 07199155

Abbreviated Balance Sheet as at 31 March 2015

	Notes	2015	2014
		£	£
Fixed assets
Intangible assets	2	133,500	142,400
Tangible assets	3	1,384	2,469
		134,884	144,869
Current assets
Debtors		24,840	14,343
Cash at bank and in hand		515,136	396,931
		539,976	411,274
Net current assets (liabilities)		539,976	411,274
Total assets less current liabilities		674,860	556,143
Creditors: amounts falling due after more than one year		(227,434)	(214,135)
Total net assets (liabilities)		447,426	342,008
Capital and reserves
Called up share capital	4	100	100
Profit and loss account		447,326	341,908
Shareholders' funds		447,426	342,008

For the year ending 31 March 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 2 December 2015

And signed on their behalf by:
K Kanabar, Director

KARMANS ACCOUNTANTS LIMITED Registered Number 07199155

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

1Accounting Policies

Turnover policy
Turnover represents fees receivable excluding value-added-tax.

Tangible assets depreciation policy
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings - 25% on cost
Computer equipment - 33% on cost

Intangible assets amortisation policy
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of twenty years.

Other accounting policies
Deferred tax
Deferred tax is recognised in respect of all material timing differences that have originated but not reversed at the balance sheet date.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to the profit and loss account in the period to which they relate

2Intangible fixed assets

	£
Cost
At 1 April 2014	178,000
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2015	178,000
Amortisation
At 1 April 2014	35,600
Charge for the year	8,900
On disposals	-
At 31 March 2015	44,500
Net book values
At 31 March 2015	133,500
At 31 March 2014	142,400

3Tangible fixed assets

	£
Cost
At 1 April 2014	4,642
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2015	4,642
Depreciation
At 1 April 2014	2,173
Charge for the year	1,085
On disposals	-
At 31 March 2015	3,258
Net book values
At 31 March 2015	1,384
At 31 March 2014	2,469

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

	2015 £	2014 £
100 Ordinary shares of £1 each	100	100