Abbreviated Company Accounts - NEW KINETICS LIMITED

NEW KINETICS LIMITED - Company Information

Registered Number 03963830

NEW KINETICS LIMITED

Abbreviated Accounts

30 April 2015

NEW KINETICS LIMITED Registered Number 03963830

Abbreviated Balance Sheet as at 30 April 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	456	463
		456	463
Current assets
Stocks		6,000	-
Debtors		265	9,483
Cash at bank and in hand		36,249	32,959
		42,514	42,442
Creditors: amounts falling due within one year		(19,303)	(22,284)
Net current assets (liabilities)		23,211	20,158
Total assets less current liabilities		23,667	20,621
Total net assets (liabilities)		23,667	20,621
Capital and reserves
Called up share capital		1	1
Profit and loss account		23,666	20,620
Shareholders' funds		23,667	20,621

For the year ending 30 April 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 3 January 2016

And signed on their behalf by:
Mr T S Friar, Director

NEW KINETICS LIMITED Registered Number 03963830

Notes to the Abbreviated Accounts for the period ended 30 April 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
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

Tangible assets depreciation policy
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:

Fixtures, fittings & equipment 33% on cost

2Tangible fixed assets

	£
Cost
At 1 May 2014	11,739
Additions	603
Disposals	-
Revaluations	-
Transfers	-
At 30 April 2015	12,342
Depreciation
At 1 May 2014	11,276
Charge for the year	610
On disposals	-
At 30 April 2015	11,886
Net book values
At 30 April 2015	456
At 30 April 2014	463