Kontraband Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 06776269 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 December 2015

for

Kontraband Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

P Entwistle

R S Gray

J C Smith

REGISTERED OFFICE:

7 Travers Road

Finsbury Park

London

N7 7PR

REGISTERED NUMBER:

06776269 (England and Wales)

ACCOUNTANTS:

Grays Accountants Ltd

Chartered Accountants

Kings Works

Kings Road

Teddington

Middlesex

TW11 0QB

FIXED ASSETS

Tangible assets

2

3,853

4,395

CURRENT ASSETS

Stocks

31,034

60,257

Debtors

469,665

281,341

Cash at bank and in hand

464,145

155,552

964,844

497,150

CREDITORS

Amounts falling due within one year

889,764

452,064

NET CURRENT ASSETS

75,080

45,086

TOTAL ASSETS LESS CURRENT LIABILITIES

78,933

49,481

CAPITAL AND RESERVES

Called up share capital

3

833

833

Share premium

19,775

19,775

Profit and loss account

58,325

28,873

SHAREHOLDERS' FUNDS

78,933

49,481

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 22 April 2016 and were signed on its behalf by:

R S Gray - Director

P Entwistle - Director

J C Smith - 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

-

33% on cost and 25% 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.

Deferred tax

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

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2015

13,257

Additions

1,156

At 31 December 2015

14,413

DEPRECIATION

At 1 January 2015

8,862

Charge for year

1,698

At 31 December 2015

10,560

NET BOOK VALUE

At 31 December 2015

3,853

At 31 December 2014

4,395

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.15

31.12.14

value:

£

£

833

Ordinary

£1.00

833

833