Abbreviated Company Accounts - KINGDOM LINENS LIMITED

KINGDOM LINENS LIMITED - Company Information

Registered Number SC348689

KINGDOM LINENS LIMITED

Abbreviated Accounts

30 September 2015

KINGDOM LINENS LIMITED Registered Number SC348689

Abbreviated Balance Sheet as at 30 September 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	873	1,165
		873	1,165
Current assets
Debtors		650	489
Cash at bank and in hand		4,950	11,349
		5,600	11,838
Creditors: amounts falling due within one year		(816)	(1,239)
Net current assets (liabilities)		4,784	10,599
Total assets less current liabilities		5,657	11,764
Total net assets (liabilities)		5,657	11,764
Capital and reserves
Called up share capital		1	1
Profit and loss account		5,656	11,763
Shareholders' funds		5,657	11,764

For the year ending 30 September 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 13 January 2016

And signed on their behalf by:
Gareth Edgar, Director

KINGDOM LINENS LIMITED Registered Number SC348689

Notes to the Abbreviated Accounts for the period ended 30 September 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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Tangible assets depreciation policy
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Computer Equipment 25% Reducing balance
Equipment 25% Reducing balance

2Tangible fixed assets

	£
Cost
At 1 October 2014	1,988
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 30 September 2015	1,988
Depreciation
At 1 October 2014	823
Charge for the year	292
On disposals	-
At 30 September 2015	1,115
Net book values
At 30 September 2015	873
At 30 September 2014	1,165