Accounts filed on 31-12-2015
Accounts filed on 31-12-2015
trueKingston Enterprises LtdSC3110462015-12-31-55675-52547-55155-52027520520-55155-52027-55155-52027-61647-60636132007136168703607553252752591591251812628509037456492860964928609Basis of accounting
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).
Going Concern
Despite a net deficit on the balance sheet of £55,155 (2014 - £52,027), the directors believe the going concern basis to be appropriate for the preparation of the accounts.
The directors continue to support the company through their personal loans which will not be recovered until the company is in such a position to support itself.
Turnover
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance
for obsolete and slow moving items.
Operating lease agreements
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.
Fixed Assets
All fixed assets are initially recorded at cost.
Fixtures & Fittingsstraight line0.1500Equipmentstraight line0.1500Leasehold Propertystraight line0.100063193611102083567015250142006319361110208356701525014200Ordinary1000110001000Ordinary15205205202016-05-16Mr S. G. Kingtruetruetruetruexbrli:sharesiso4217:GBPxbrli:pureKingston Enterprises Ltd2015-01-012015-12-31Kingston Enterprises Ltd2014-01-012014-12-31Kingston Enterprises Ltd2013-12-31Kingston Enterprises Ltd2014-12-31Kingston Enterprises Ltd2014-12-31Kingston Enterprises Ltd2015-12-31 2016-09-20
