Kitchen Appliance Installation Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 05908201 (England and Wales)

KITCHEN APPLIANCE INSTALLATION LIMITED

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2015

Page

Company Information

1

Accountants' Report

2

Abbreviated Balance Sheet

3

to

4

Notes to the Abbreviated Accounts

5

to

6

DIRECTOR:

M Pitt

REGISTERED OFFICE:

Unit 5b Motorway Industrial Estate

Babbage Road

Stevenage

Hertfordshire

SG1 2EQ

REGISTERED NUMBER:

05908201 (England and Wales)

ACCOUNTANTS:

Wags LLP t/a Wagstaffs

Richmond House

Walkern Road

Stevenage

Hertfordshire

SG1 3QP

The following reproduces the text of the report prepared for the director in respect of the company's

annual unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages

three to six) have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your

approval the financial statements of Kitchen Appliance Installation Limited for the year ended

31st March 2015 which comprise the Profit and Loss Account, the Balance Sheet and the related notes

from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the director of Kitchen Appliance Installation Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Kitchen Appliance Installation Limited and state those matters that we have agreed to state to the director of Kitchen Appliance Installation Limited in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Kitchen Appliance Installation Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Kitchen Appliance Installation Limited. You consider that Kitchen Appliance Installation Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Kitchen

Appliance Installation Limited. For this reason, we have not verified the accuracy or completeness of the

accounting records or information and explanations you have given to us and we do not, therefore, express

any opinion on the statutory financial statements.

Wags LLP t/a Wagstaffs

Richmond House

Walkern Road

Stevenage

Hertfordshire

SG1 3QP

16th December 2015

FIXED ASSETS

Tangible assets

2

194,565

85,283

CURRENT ASSETS

Stocks

136,614

77,493

Debtors

620,174

316,232

Cash at bank and in hand

1,528

-

758,316

393,725

CREDITORS

Amounts falling due within one year

3

(726,865

)

(321,207

)

NET CURRENT ASSETS

31,451

72,518

TOTAL ASSETS LESS CURRENT LIABILITIES

226,016

157,801

CREDITORS

Amounts falling due after more than one year

(134,457

)

(116,836

)

PROVISIONS FOR LIABILITIES

(19,048

)

(13,100

)

NET ASSETS

72,511

27,865

CAPITAL AND RESERVES

Called up share capital

4

300

100

Share premium

49,800

-

Profit and loss account

22,411

27,765

SHAREHOLDERS' FUNDS

72,511

27,865

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 16th December 2015 and were signed by:

M Pitt - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance

with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents the total invoice value, excluding value added tax, trade discounts and all other

taxes of sales made during the year.

Tangible fixed assets

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

Plant and machinery etc

-

25% on cost and 20% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for

obsolete and slow moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed

at the balance sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis

over the period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

Cost

At 1st April 2014

99,148

Additions

141,771

At 31st March 2015

240,919

Depreciation

At 1st April 2014

13,865

Charge for year

32,489

At 31st March 2015

46,354

Net book value

At 31st March 2015

194,565

At 31st March 2014

85,283

3.

CREDITORS

Creditors include an amount of £ 9,834 (2014 - £ 44,557 ) for which security has been given.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

300

Ordinary

£1

300

100

200 Ordinary shares of £1 each were allotted as fully paid at a premium of £249 per share during the

year.