KWLC (UK) Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 06547095 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 March 2015

for

KWLC (UK) Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

K D Ward

Mrs H K Ward

SECRETARY:

Mrs H K Ward

REGISTERED OFFICE:

701-702 Merlin Park

Ringtail Road

Burscough

Ormskirk

Lancashire

L40 8JY

REGISTERED NUMBER:

06547095 (England and Wales)

ACCOUNTANTS:

Sawyer Quine & Co

202 Merlin Park

Ringtail Road

Burscough

Ormskirk

Lancashire

L40 8JY

FIXED ASSETS

Intangible assets

2

27,000

36,000

Tangible assets

3

18,822

24,758

45,822

60,758

CURRENT ASSETS

Debtors

461,523

391,467

Cash at bank

2,383,914

1,721,831

2,845,437

2,113,298

CREDITORS

Amounts falling due within one year

619,015

527,470

NET CURRENT ASSETS

2,226,422

1,585,828

TOTAL ASSETS LESS CURRENT LIABILITIES

2,272,244

1,646,586

PROVISIONS FOR LIABILITIES

3,765

5,567

NET ASSETS

2,268,479

1,641,019

CAPITAL AND RESERVES

Called up share capital

4

100

100

Profit and loss account

2,268,379

1,640,919

SHAREHOLDERS' FUNDS

2,268,479

1,641,019

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 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 31 January 2016 and were signed on its behalf by:

K D Ward - 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 services, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2008, 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 etc

-

25% on cost

Deferred tax

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

sheet date.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

and 31 March 2015

90,000

AMORTISATION

At 1 April 2014

54,000

Amortisation for year

9,000

At 31 March 2015

63,000

NET BOOK VALUE

At 31 March 2015

27,000

At 31 March 2014

36,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

69,933

Additions

6,443

At 31 March 2015

76,376

DEPRECIATION

At 1 April 2014

45,175

Charge for year

12,379

At 31 March 2015

57,554

NET BOOK VALUE

At 31 March 2015

18,822

At 31 March 2014

24,758

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.15

31.3.14

value:

£

£

100

Ordinary Shares

£1

100

100