Abbreviated Company Accounts - K C TAN MANAGEMENT LTD

Abbreviated Company Accounts - K C TAN MANAGEMENT LTD

K C TAN MANAGEMENT LTD - Company Information

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Registered Number 08305739

K C TAN MANAGEMENT LTD

Abbreviated Accounts

30 November 2015

K C TAN MANAGEMENT LTD Registered Number 08305739

Abbreviated Balance Sheet as at 30 November 2015

Notes 2015 2014
£ £
Fixed assets
Intangible assets 2 7,500 15,000
Tangible assets 3 230 288
7,730 15,288
Current assets
Debtors 13,424 7,582
Cash at bank and in hand 2,207 7,301
15,631 14,883
Net current assets (liabilities) 15,631 14,883
Total assets less current liabilities 23,361 30,171
Creditors: amounts falling due after more than one year (21,050) (29,522)
Total net assets (liabilities) 2,311 649
Capital and reserves
Called up share capital 100 100
Profit and loss account 2,211 549
Shareholders' funds 2,311 649
  • For the year ending 30 November 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
  • The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
  • 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.

Approved by the Board on 29 July 2016

And signed on their behalf by:
Mr K C Tan, Director

K C TAN MANAGEMENT LTD Registered Number 08305739

Notes to the Abbreviated Accounts for the period ended 30 November 2015

1Accounting Policies

Basis of measurement and preparation of accounts
inancial statements have been prepared under the historical cost convention.

Turnover policy
Turnover represents commission receivable from Black Swan Capital Ltd and fees earned for services rendered.

Tangible assets depreciation policy
Depreciation is provided at the following annual rates in order to write each asset over its estimated useful life.

Fixtures and Fittings - 25% on reducing balance basis.
Computer equipment - 25% on reducing balance basis.

Intangible assets amortisation policy
Amortisation of goodwill is over 4 years on a straight line basis ( 25% per annum).

2Intangible fixed assets
£
Cost
At 1 December 2014 30,000
Additions -
Disposals -
Revaluations -
Transfers -
At 30 November 2015 30,000
Amortisation
At 1 December 2014 15,000
Charge for the year 7,500
On disposals -
At 30 November 2015 22,500
Net book values
At 30 November 2015 7,500
At 30 November 2014 15,000

Amortisation of goodwill is over 4 years on a straight line basis ( 25% per annum).

3Tangible fixed assets
£
Cost
At 1 December 2014 480
Additions -
Disposals -
Revaluations -
Transfers -
At 30 November 2015 480
Depreciation
At 1 December 2014 192
Charge for the year 58
On disposals -
At 30 November 2015 250
Net book values
At 30 November 2015 230
At 30 November 2014 288