Knights Lowe Limited - Limited company - abbreviated - 11.9
Knights Lowe Limited - Limited company - abbreviated - 11.9
| REGISTERED NUMBER: |
| Abbreviated Unaudited Accounts |
| for the Year Ended 30 June 2015 |
| for |
| Knights Lowe Limited |
| Knights Lowe Limited (Registered number: 07257545) |
| Contents of the Abbreviated Accounts |
| for the Year Ended 30 June 2015 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 4 |
| Knights Lowe Limited |
| Company Information |
| for the Year Ended 30 June 2015 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| Knights Lowe Limited (Registered number: 07257545) |
| Abbreviated Balance Sheet |
| 30 June 2015 |
| 2015 | 2014 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 2 |
| Tangible assets | 3 |
| CURRENT ASSETS |
| Debtors |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 4 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
( |
) | ( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 5 |
| Profit and loss account |
| SHAREHOLDERS' FUNDS |
| 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. |
| Knights Lowe Limited (Registered number: 07257545) |
| Abbreviated Balance Sheet - continued |
| 30 June 2015 |
| The financial statements were approved by the Board of Directors on by: |
| Knights Lowe Limited (Registered number: 07257545) |
| Notes to the Abbreviated Accounts |
| for the Year Ended 30 June 2015 |
| 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 and revenue recognition |
| Turnover represents amounts chargeable for professional services and commissions provided during the year, |
| excluding value added tax. |
| Turnover is recognised when a right to consideration has been obtained through performance under each |
| contract. Consideration accrues as contract activity progresses by reference to the value of the work |
| performed. |
| Turnover is not recognised where the right to receive payment is contingent on events outside the control of |
| the company. |
| Unbilled revenue is included in debtors as "amounts recoverable on services". |
| Goodwill |
| Goodwill, being the amount paid in connection with the acquisition of a business in 2010 is not amortised over |
| a set period and is therefore a departure from specific accounting standards. In order to show a true and fair |
| view, the directors perform yearly impairment reviews and amortise if necessary to ensure goodwill is shown at |
| its market value. |
| Goodwill additions being the amount paid in connection with the acquisition of a business in the year is |
| considered to have a useful life of three years, again the directors perform yearly impairment reviews to ensure |
| goodwill is shown at its market value. |
| Tangible fixed assets |
| Fixtures and fittings | - |
| Motor vehicles | - |
| Computer equipment | - |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the |
| balance sheet date. |
| 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. |
| Knights Lowe Limited (Registered number: 07257545) |
| Notes to the Abbreviated Accounts - continued |
| for the Year Ended 30 June 2015 |
| 2. | INTANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 July 2014 |
| and 30 June 2015 |
| AMORTISATION |
| At 1 July 2014 |
| Amortisation for year |
| At 30 June 2015 |
| NET BOOK VALUE |
| At 30 June 2015 |
| At 30 June 2014 |
| 3. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 July 2014 |
| Additions |
| Disposals | ( |
) |
| At 30 June 2015 |
| DEPRECIATION |
| At 1 July 2014 |
| Charge for year |
| Eliminated on disposal | ( |
) |
| At 30 June 2015 |
| NET BOOK VALUE |
| At 30 June 2015 |
| At 30 June 2014 |
| 4. | CREDITORS |
| Creditors include an amount of £ |
| Knights Lowe Limited (Registered number: 07257545) |
| Notes to the Abbreviated Accounts - continued |
| for the Year Ended 30 June 2015 |
| 5. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal |
| Value: | £ £ |
| 1,000 | Ordinary 'A' | £1 | 1,000 | 1,000 |
| 700 | Ordinary 'B' | £1 | 700 | 700 |
| 100 | Ordinary 'C' | £1 | 100 | 100 |
| 100 | Ordinary 'D' | £1 | 100 | 100 |
| 100 | Ordinary 'E' | £1 | 100 | 100 |
| 2,000 | 2,000 |