KN Environmental Services Limited - Abbreviated accounts 16.1

KN Environmental Services Limited - Abbreviated accounts 16.1

KN ENVIRONMENTAL SERVICES LTD. - Company Information

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REGISTERED NUMBER: SC164436 (Scotland)















Abbreviated Unaudited Accounts for the Year Ended 31 March 2016

for

KN Environmental Services Limited

KN Environmental Services Limited (Registered number: SC164436)






Contents of the Abbreviated Accounts
for the Year Ended 31 March 2016




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

Report of the Accountants 6

KN Environmental Services Limited

Company Information
for the Year Ended 31 March 2016







DIRECTORS: K B Newhouse
Mrs D Newhouse





SECRETARY: Mrs D Newhouse





REGISTERED OFFICE: Main Street
Balbeggie
PERTH
PH2 6EZ





REGISTERED NUMBER: SC164436 (Scotland)





ACCOUNTANTS: Atholl Scott
Victoria House
13 Victoria Street
ABERDEEN
AB10 1XB
Page 1
KN Environmental Services Limited (Registered number: SC164436)

Abbreviated Balance Sheet
31 March 2016

31.3.16 31.3.15
Notes £    £   
FIXED ASSETS
Tangible assets 2 123,363 138,683

CURRENT ASSETS
Stocks 24,606 25,375
Debtors 28,853 33,385
Cash at bank and in hand 41,225 105,926
94,684 164,686
CREDITORS
Amounts falling due within one
year
(20,509
)
(17,166
)
NET CURRENT ASSETS 74,175 147,520
TOTAL ASSETS LESS CURRENT
LIABILITIES
197,538
286,203

PROVISIONS FOR LIABILITIES - (4,510 )
NET ASSETS 197,538 281,693

CAPITAL AND RESERVES
Called up share capital 3 90 90
Profit and loss account 197,448 281,603
SHAREHOLDERS' FUNDS 197,538 281,693

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 directors acknowledge their 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 notes form part of these abbreviated accounts

Page 2 continued...
KN Environmental Services Limited (Registered number: SC164436)

Abbreviated Balance Sheet - continued
31 March 2016


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 Board of Directors on
22 August 2016 and were signed on its behalf by:




K B Newhouse - Director



Mrs D Newhouse - Director


The notes form part of these abbreviated accounts

Page 3
KN Environmental Services Limited (Registered number: SC164436)

Notes to the Abbreviated Accounts
for the Year Ended 31 March 2016

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 amounts receivable for goods and services supplied
during the year, 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.

Freehold property - 4% on cost
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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
The payment of taxation is deferred or accelerated because of timing
differences between the treatment of certain items for accounting and
taxation purposes. Deferred tax assets are recognised only to the extent
that they will be recovered against the reversal of deferred tax
liabilities or other future taxable profits. Full provision for deferred
taxation is made under the liability method, without discounting, on all
timing differences that have arisen, but not reversed by the balance sheet
date, unless such provision is not permitted by accounting standards.

In accordance with such standards deferred tax is not provided for:

a) revaluation gains on land and buildings, unless there is a binding
agreement to sell them at the balance sheet date; and
b) gains on the sale of non-monetary assets, if the taxable gain will
probably be rolled over.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions
payable to the company's pension scheme are charged to the profit and loss
account in the period to which they relate.

Page 4 continued...
KN Environmental Services Limited (Registered number: SC164436)

Notes to the Abbreviated Accounts - continued
for the Year Ended 31 March 2016

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 April 2015 365,916
Additions 540
Disposals (18,800 )
At 31 March 2016 347,656
DEPRECIATION
At 1 April 2015 227,233
Charge for year 13,978
Eliminated on disposal (16,918 )
At 31 March 2016 224,293
NET BOOK VALUE
At 31 March 2016 123,363
At 31 March 2015 138,683

3. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 31.3.16 31.3.15
value: £    £   
90 Ordinary £1 90 90

Page 5
KN Environmental Services Limited

Report of the Accountants to the Directors of
KN Environmental Services Limited

The following reproduces the text of the report prepared for the directors in
respect of the company's annual unaudited financial statements, from which the
unaudited abbreviated accounts (set out on pages two to five) have been
prepared.

As described on the balance sheet you are responsible for the preparation of the financial statements for the year ended 31 March 2016 set out on pages three to nine and you consider that the company is exempt from an audit.

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.

This report is made solely to the Board of Directors of the company, as a body,
in accordance with the terms of our engagement. Our work has been undertaken
solely to prepare for your approval the financial statements of the company and
state those matters that we have agreed to state to the Board of Directors of
the company, as a body, in this report in accordance with the requirements of
the Institute of Financial Accountants. To the fullest extent permitted by law,
we do not accept or assume responsibility to anyone other than the company and
its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that the company has kept adequate accounting records
and to prepare statutory accounts that give a true and fair view of the assets,
liabilities and financial position of the company. You consider that the company
is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial
statements of the company. For this reason, we have not verified the accuracy or
completeness of the accounting records or information and explanations you have
given to us and we do not, therefore, express any opinion on the statutory
financial statements.






Atholl Scott
Victoria House
13 Victoria Street
ABERDEEN
AB10 1XB


29 August 2016

This page does not form part of the abbreviated accounts

Page 6