Kings Accountancy Services Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 04675767 (England and Wales)

Abbreviated unaudited accounts

for the year ended 31 March 2016

For

Kings Accountancy Services Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

Mr G King

REGISTERED OFFICE:

Butler's Cottage

The Hyde

Luton

Bedfordshire

LU2 9PS

REGISTERED NUMBER:

04675767 (England and Wales)

FIXED ASSETS

Intangible assets

2

18,375

32,250

Tangible assets

3

-

907

18,375

33,157

CURRENT ASSETS

Stocks

-

1,150

Debtors

-

5,298

Cash at bank

14,114

2,208

14,114

8,656

CREDITORS

Amounts falling due within one year

1,228

1,767

NET CURRENT ASSETS

12,886

6,889

TOTAL ASSETS LESS CURRENT LIABILITIES

31,261

40,046

CAPITAL AND RESERVES

Called up share capital

4

100

100

Retained earnings

31,161

39,946

SHAREHOLDERS' FUNDS

31,261

40,046

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 5 May 2016 and were signed by:

Mr G King - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015) and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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.

Fixtures and fittings

-

25% on reducing balance

Stocks

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

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

32,250

Impairments

(13,875

)

At 31 March 2016

18,375

NET BOOK VALUE

At 31 March 2016

18,375

At 31 March 2015

32,250

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

and 31 March 2016

24,162

DEPRECIATION

At 1 April 2015

23,255

Charge for year

907

At 31 March 2016

24,162

NET BOOK VALUE

At 31 March 2016

-

At 31 March 2015

907

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.16

31.3.15

value:

£

£

100

Ordinary

£1

100

100