Kyng Consultants Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 06465371 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 29 FEBRUARY 2016

FOR

KYNG CONSULTANTS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

G Ward

SECRETARY:

Mrs M Ward

REGISTERED OFFICE:

Langley House

Park Road

East Finchley

London

N2 8EY

REGISTERED NUMBER:

06465371 (England and Wales)

ACCOUNTANTS:

Accura Accountants Ltd

Langley House Park Road

East Finchley

London

N2 8EY

FIXED ASSETS

Intangible assets

2

1

Tangible assets

3

16,574

23,208

16,575

23,209

CURRENT ASSETS

Stocks

19,500

25,000

Debtors

2,400

56,847

Cash at bank and in hand

43,737

18,902

65,637

100,749

CREDITORS

Amounts falling due within one year

68,936

68,367

NET CURRENT (LIABILITIES)/ASSETS

(3,299

)

32,382

TOTAL ASSETS LESS CURRENT
LIABILITIES

13,276

55,591

CAPITAL AND RESERVES

Called up share capital

4

2

Profit and loss account

13,274

55,589

SHAREHOLDERS' FUNDS

13,276

55,591

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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 27 June 2016 and were signed by:

G Ward - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared on a going concern basis, the applicability of which is dependent

upon the continued support of the company's creditors and financiers. At the balance sheet date the company's

current liabilities exceed its current assets by £3,299 (2015: £32,382 current net assets). In the opinion of the

director the company has the support of its creditors and financiers for the foreseeable future, and it is therefore

considered appropriate to adopt the going concern policy.

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 goods and services, excluding value added tax. The income is

recorded on the date the goods or service is provided.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated usual

life.

Land and buildings - 1/7th of the cost per annum

Plant and machinery etc - 25% on reducing balance

Improvements to property - 1/3rd of the cost per annum

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.

Goodwill

Goodwill was in connection with the acquisition of the business and it has been fully amortised.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 March 2015

and 29 February 2016

90,000

AMORTISATION

At 1 March 2015

and 29 February 2016

89,999

NET BOOK VALUE

At 29 February 2016

1

At 28 February 2015

1

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 March 2015

and 29 February 2016

89,498

DEPRECIATION

At 1 March 2015

66,290

Charge for year

6,634

At 29 February 2016

72,924

NET BOOK VALUE

At 29 February 2016

16,574

At 28 February 2015

23,208

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

29.2.16

28.2.15

value:

£

2

Ordinary

1

2

5.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 29 February 2016 and

28 February 2015:

29.2.16

28.2.15

£

G Ward

Balance outstanding at start of year

35,647

(2,648

)

Amounts advanced

117,738

111,895

Amounts repaid

(153,477

)

(73,600

)

Balance outstanding at end of year

(92

)

35,647

During the year, advances were made to the director of £115,320 and these were repayable on demand. The

director paid expenses on the company's behalf of £19,377, and he was entitled to renumeration of £5,600. He

and M. Ward were entitled to a dividend of £128,500. The company charged interest at official HMRC rates of

£2,418 and this balance is disclosed in other creditors due within one year.

6.	CONTROLLING PARTY

The company is under the control of its director and shareholder, G. Ward.