KB Associates (Europe) Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 07475102 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE PERIOD

1 JANUARY 2014 TO 30 JUNE 2015

FOR

KB ASSOCIATES (EUROPE) LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

D Brunton

B P Kearns

REGISTERED OFFICE:

Rooms 103-104

Charles House

Beam Heath Way

Nantwich

Cheshire

CW5 6PQ

REGISTERED NUMBER:

07475102 (England and Wales)

ACCOUNTANTS:

Barringtons Limited

41 Cheshire Street

Market Drayton

Shropshire

TF9 1PH

FIXED ASSETS

Tangible assets

2

565,951

578,490

CURRENT ASSETS

Stocks

2,403

-

Debtors

251,113

38,967

Cash at bank and in hand

131,134

72,695

384,650

111,662

CREDITORS

Amounts falling due within one year

363,479

531,594

NET CURRENT ASSETS/(LIABILITIES)

21,171

(419,932

)

TOTAL ASSETS LESS CURRENT LIABILITIES

587,122

158,558

CREDITORS

Amounts falling due after more than one year

344,790

157,756

NET ASSETS

242,332

802

CAPITAL AND RESERVES

Called up share capital

3

250,100

100

Profit and loss account

(7,768

)

702

SHAREHOLDERS' FUNDS

242,332

802

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 June 2015.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 June 2015 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 2 December 2015 and were signed on its behalf by:

D Brunton - Director

B P Kearns - 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 net invoiced sales of goods, excluding value added tax.

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

-

15% on cost

Fixtures and fittings

-

15% on cost

Computer equipment

-

33% 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.

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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2014

588,697

Additions

11,455

Disposals

(55

)

At 30 June 2015

600,097

DEPRECIATION

At 1 January 2014

10,207

Charge for period

23,953

Eliminated on disposal

(14

)

At 30 June 2015

34,146

NET BOOK VALUE

At 30 June 2015

565,951

At 31 December 2013

578,490

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2013

value:

£

£

250,100

Ordinary

£1

250,100

100

250,000 Ordinary shares of £1 each were allotted and fully paid for cash at par during the period.

The increase in the share capital in the company is split equally between the directors and this has been paid for

by converting their director loan account balances owed to them for a total of £250,000 in this year.