KLS Developments (IW) Ltd - Limited company - abbreviated

REGISTERED NUMBER: 04978658 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 30 November 2013

for

KLS Developments (IW) Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

Mr K D Green

Mrs S J Green

Mr L J Woodford

SECRETARY:

Mrs S J Green

REGISTERED OFFICE:

16c Sandown Road

Lake

Isle of Wight

PO36 9JP

REGISTERED NUMBER:

04978658 (England and Wales)

ACCOUNTANTS:

Allegri & Co.

16c Sandown Road

Lake

Isle of Wight

PO36 9JP

FIXED ASSETS

Tangible assets

2

3,485

4,535

CURRENT ASSETS

Stocks

25,000

165,000

Debtors

5,180

3,418

Cash at bank and in hand

9,111

1,669

39,291

170,087

CREDITORS

Amounts falling due within one year

42,659

31,878

NET CURRENT (LIABILITIES)/ASSETS

(3,368

)

138,209

TOTAL ASSETS LESS CURRENT
LIABILITIES

117

142,744

CREDITORS

Amounts falling due after more than one year

-

142,536

NET ASSETS

117

208

CAPITAL AND RESERVES

Called up share capital

3

2

Profit and loss account

115

206

SHAREHOLDERS' FUNDS

117

208

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2013 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 23 September 2014 and were signed on its behalf by:

Mr K D Green - 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 etc

-

25% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 December 2012

and 30 November 2013

11,887

DEPRECIATION

At 1 December 2012

7,352

Charge for year

1,050

At 30 November 2013

8,402

NET BOOK VALUE

At 30 November 2013

3,485

At 30 November 2012

4,535

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.11.13

30.11.12

value:

£

2

Ordinary

£1

2

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 November 2013 and

30 November 2012:

30.11.13

30.11.12

£

Mr K D Green

Balance outstanding at start of year

(764

)

4,065

Amounts advanced

-

16,883

Amounts repaid

-

(21,712

)

Balance outstanding at end of year

-

(764

)

Mr L J Woodford

Balance outstanding at start of year

(634

)

4,710