KUKRI_DESIGN_LIMITED - Accounts

KUKRI DESIGN LIMITED - Company Information

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Company Registration No. 03058227 (England and Wales)

KUKRI DESIGN LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2015

KUKRI DESIGN LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

KUKRI DESIGN LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MAY 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

7,590

9,856

Current assets

Debtors

229

12,596

Cash at bank and in hand

41,024

47,191

41,253

59,787

Creditors: amounts falling due within one year

(10,474)

(19,897)

Net current assets

30,779

39,890

Total assets less current liabilities

38,369

49,746

Provisions for liabilities

(1,545)

(1,997)

36,824

47,749

Capital and reserves

Called up share capital

Profit and loss account

36,822

47,747

Shareholders' funds

36,824

47,749

For the financial year ended 31 May 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 5 December 2015

Mr P Cameron

Director

Company Registration No. 03058227

KUKRI DESIGN LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MAY 2015

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

No material uncertainties that may cast significant doubt about the ability of the company to continue as a going concern have been identified by the director. On this basis the accounts have been prepared on a going concern basis.

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable in respect of automotive and design engineering services.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Plant and machinery

25% Reducing balance basis

Motor vehicles

20% Reducing balance basis

Fixed assets

Tangible assets

Cost

At 1 June 2014 & at 31 May 2015

29,554

Depreciation

At 1 June 2014

19,698

Charge for the year

2,266

At 31 May 2015

21,964

Net book value

At 31 May 2015

7,590

At 31 May 2014

9,856

KUKRI DESIGN LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MAY 2015

- 3 -

Share capital

2015

2014

Allotted, called up and fully paid

2 Ordinary shares of £1 each

Ultimate parent company

The ultimate controlling party of Kukri Design Limited is Mr P Cameron and Mrs C Cameron who own 50% of issued shares each.