Kingston Agricom Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 06017919 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 December 2015

for

Kingston Agricom Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

M Graves

J Graves

T Allebone

SECRETARY:

J Graves

REGISTERED OFFICE:

59 Victoria Road

Surbiton

Surrey

KT6 4NQ

REGISTERED NUMBER:

06017919 (England and Wales)

ACCOUNTANTS:

Richard Morgan and Company

Chartered Accountants

59 Victoria Road

Surbiton

Surrey

KT6 4NQ

FIXED ASSETS

Tangible assets

2

1,351

1,554

CURRENT ASSETS

Debtors

87,985

78,225

Cash at bank

269,004

301,927

356,989

380,152

CREDITORS

Amounts falling due within one year

172,234

126,662

NET CURRENT ASSETS

184,755

253,490

TOTAL ASSETS LESS CURRENT
LIABILITIES

186,106

255,044

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

186,006

254,944

SHAREHOLDERS' FUNDS

186,106

255,044

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 11 April 2016 and were signed on its behalf by:

M Graves - 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 January 2015).

Turnover

Turnover represents net invoiced sales of services, 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.

Furniture & Equipment

-

10% on cost

Computer equipment

-

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.

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.

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.

2.	TANGIBLE FIXED ASSETS

Furniture

Computer

& Equipment

equipment

Totals

£

COST

At 1 January 2015

1,096

9,681

10,777

Additions

-

1,026

At 31 December 2015

1,096

10,707

11,803

DEPRECIATION

At 1 January 2015

877

8,346

9,223

Charge for year

109

1,120

1,229

At 31 December 2015

986

9,466

10,452

NET BOOK VALUE

At 31 December 2015

110

1,241

1,351

At 31 December 2014

219

1,335

1,554

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.15

31.12.14

value:

£

100

Ordinary

£1

100

4.

CONTROL

The company is controlled by the board of directors.