K_D_CARPENTRY_LIMITED - Accounts

K D CARPENTRY LIMITED - Company Information

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Company Registration No. 06966842 (England and Wales)

K D CARPENTRY LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2016

K D CARPENTRY LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

K D CARPENTRY LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 JULY 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

637

850

Current assets

Debtors

31,687

Cash at bank and in hand

35,119

47,973

35,119

79,660

Creditors: amounts falling due within one year

(35,767)

(79,419)

Net current liabilities/(assets)

(648)

241

Total assets less current liabilities

(11)

1,091

Provisions for liabilities

(127)

(170)

(138)

921

Capital and reserves

Called up share capital

Profit and loss account

(140)

919

Shareholders' funds

(138)

921

For the financial year ended 31 July 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

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

Approved by the Board for issue on 13 October 2016

D Doran

Director

Company Registration No. 06966842

K D CARPENTRY LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 JULY 2016

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

These financial statements have been prepared on a going concern basis which assumes that the company is dependent upon the continued support from the company's director and other creditors. The director has considered the period ahead and addressed the company's performance in light of the current economic downturn. The director is confident that continued financial support to the company will be forthcoming for the foreseeable future to ensure that the company can meet its day-to-day commitments from cash flows. As a consequence, the director believes that the company is well placed to manage its business risks successfully despite the current uncertain economic outlook. As such, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, he continues to adopt the going concern basis in preparing the annual report and accounts.

1.2

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.3

Goodwill

Acquired goodwill is written off in equal annual instalments over its estimated useful economic life of 20 years.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Plant and machinery

20% Reducing Balance Method

Computer equipment

20% Reducing Balance Method

1.5

Financial Instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

K D CARPENTRY LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 JULY 2016

- 3 -

Fixed assets

Tangible assets

Cost

At 1 August 2015 & at 31 July 2016

3,240

Depreciation

At 1 August 2015

2,391

Charge for the year

212

At 31 July 2016

2,603

Net book value

At 31 July 2016

637

At 31 July 2015

850

Share capital

2016

2015

Allotted, called up and fully paid

2 Ordinary Shares of £1 each