Kitchen Doors & More Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 08305786 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 December 2015

for

Kitchen Doors & More Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

W G Walton

SECRETARY:

Mrs J E Walton

REGISTERED OFFICE:

Eldo House

Kempson Way

Suffolk Business Park

Bury St Edmunds

Suffolk

IP32 7AR

REGISTERED NUMBER:

08305786 (England and Wales)

ACCOUNTANTS:

Knights Lowe Chartered Accountants

Eldo House

Kempson Way

Suffolk Business Park

Bury St Edmunds

Suffolk

IP32 7AR

FIXED ASSETS

Tangible assets

2

14,476

19,302

CURRENT ASSETS

Stocks

3,911

3,426

Debtors

4,607

4,263

Cash at bank and in hand

47,079

46,006

55,597

53,695

CREDITORS

Amounts falling due within one year

3

31,502

39,495

NET CURRENT ASSETS

24,095

14,200

TOTAL ASSETS LESS CURRENT LIABILITIES

38,571

33,502

CREDITORS

Amounts falling due after more than one year

3

-

(848

)

PROVISIONS FOR LIABILITIES

(2,895

)

(3,860

)

NET ASSETS

35,676

28,794

CAPITAL AND RESERVES

Called up share capital

4

100

100

Profit and loss account

35,576

28,694

SHAREHOLDERS' FUNDS

35,676

28,794

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 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 30 June 2016 and were signed by:

W G Walton - 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 goods and services, excluding value added tax.

Sales invoices raised in advance of the work being carried out are treated as deferred income.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant & equipment

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those

held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance

leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period.

The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2015

and 31 December 2015

25,938

DEPRECIATION

At 1 January 2015

6,636

Charge for year

4,826

At 31 December 2015

11,462

NET BOOK VALUE

At 31 December 2015

14,476

At 31 December 2014

19,302

3.

CREDITORS

Creditors include an amount of £ 848 (2014 - £ 4,239 ) for which security has been given.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

100

Ordinary

£1

100

100