KGI Fire Limited,Ltd - Accounts

KGI FIRE LIMITED - Company Information

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KGI Fire Limited

For the year ended 30 November 2015

Unaudited Abbreviated Report and Financial Statements

England and Wales

Registered Number: 09329170

Draft

KGI Fire Limited

Accountants' Report

For the year ended 30 November 2015

As described on the balance sheet you are responsible for the preparation of the financial statements for the

year ended 30 November 2015 and you consider that the company is exempt from an audit under the

Companies Act 2006.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist

you to fulfil your statutory responsibilities, from the accounting records and information and explanations

supplied to us.

Key Accountants

Office 5

The Forest Rock

Leicester Road, Whitwick

Leicestershire

LE67 5GQ

18 July 2016

Dated:

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Abbreviated Balance Sheet

KGI Fire Limited

As at 30 November 2015

09329170

Registered Number :

2015

Notes

Fixed assets

Tangible assets

964

Current assets

Debtors

1,762

Cash at bank and in hand

3,775

5,537

Creditors: amounts falling due within one year

(8,948)

(3,411)

Net current liabilities

Total assets less current liabilities

(2,447)

195

Provisions for liabilities

(2,252)

Net assets/liabilities

Capital and reserves

Called up share capital

Profit and loss account

(2,254)

(2,252)

Shareholders funds

For the year ended 30 November 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476;

2) The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Date approved by the board: 18 July 2016

Mr Gavin Barnett Director

Signed on behalf of the board of directors

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Notes to the Abbreviated Financial Statements

KGI Fire Limited

For the year ended 30 November 2015

1 Accounting Policies

Basis of accounting

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Deferred taxation

Deferred taxation arises when items are charged or credited in accounts in different periods to those in which they are included in the company's tax computations.Deferred tax is provided in full on timing differences that result in an obligation to pay more (or less) tax at a future date. Deferred tax is calculated at the average rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. The resulting deferred tax asset or liability is not discounted.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Computer Equipment

20% Straight line

Fixtures and Fittings

20% Straight line

2 Tangible fixed assets

Tangible

fixed assets

Cost or valuation

1,205

Additions

At 30 November 2015

1,205

Depreciation

241

Charge for year

241

At 30 November 2015

Net book values

At 30 November 2015

964

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