Kustomized Limited - Limited company - abbreviated - 11.9

Kustomized Limited - Limited company - abbreviated - 11.9

KUSTOMIZED LIMITED - Company Information

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REGISTERED NUMBER: 08453363 (England and Wales)



















KUSTOMIZED LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2015






KUSTOMIZED LIMITED (REGISTERED NUMBER: 08453363)

CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2015










Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3 to 4

KUSTOMIZED LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2015







DIRECTOR: Mr S Mediratta





REGISTERED OFFICE: 81 Burton Road
Derby
Derbyshire
DE1 1TJ





REGISTERED NUMBER: 08453363 (England and Wales)





ACCOUNTANTS: Johnson Tidsall Limited
Chartered Accountants
81 Burton Road
Derby
Derbyshire
DE1 1TJ
Page 1
KUSTOMIZED LIMITED (REGISTERED NUMBER: 08453363)

ABBREVIATED BALANCE SHEET
31 MARCH 2015

2015 2014
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 7,997 8,997
Tangible assets 3 52,710 41,323
60,707 50,320

CURRENT ASSETS
Stocks 4,675 4,500
Debtors 6,282 13,058
Cash at bank and in hand 30,386 25,761
41,343 43,319
CREDITORS
Amounts falling due within one year 130,462 103,330
NET CURRENT LIABILITIES (89,119 ) (60,011 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
(28,412		 )
(9,691		 )

CAPITAL AND RESERVES
Called up share capital 4 100 100
Profit and loss account (28,512 ) (9,791 )
SHAREHOLDERS' FUNDS (28,412 ) (9,691 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 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 23 December 2015 and were signed by:





Mr S Mediratta - Director


The notes on pages 3 to 4 form part of these abbreviated accounts

Page 2
KUSTOMIZED LIMITED (REGISTERED NUMBER: 08453363)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2015


1. ACCOUNTING POLICIES

Basis of preparing the financial statements
The company finances its day to day working capital requirements through a loan provided by the
director. The director considers that it is reasonable to rely on his continued financial support and
therefore considers it appropriate to prepare the financial statements on the going concern basis.

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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of ten years.

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 reducing balance
Fixtures and fittings - 15% on reducing balance
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.

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.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual
arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument
is any contract that evidences a residual interest in the assets of the company after deducting all of
its liabilities.

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 April 2014
and 31 March 2015 9,997
AMORTISATION
At 1 April 2014 1,000
Amortisation for year 1,000
At 31 March 2015 2,000
NET BOOK VALUE

At 31 March 2015 7,997
At 31 March 2014 8,997

Page 3
KUSTOMIZED LIMITED (REGISTERED NUMBER: 08453363)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31 MARCH 2015


3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 April 2014 49,143
Additions 21,373
At 31 March 2015 70,516
DEPRECIATION
At 1 April 2014 7,820
Charge for year 9,986
At 31 March 2015 17,806
NET BOOK VALUE
At 31 March 2015 52,710
At 31 March 2014 41,323

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2015 2014
value: £    £   
100 Ordinary £1 100 100

Page 4