Abbreviated Company Accounts - KINETIC VISION LTD

Abbreviated Company Accounts - KINETIC VISION LTD


Registered Number 07163453

KINETIC VISION LTD

Abbreviated Accounts

28 February 2016

KINETIC VISION LTD Registered Number 07163453

Abbreviated Balance Sheet as at 28 February 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 5,696 1,640
5,696 1,640
Current assets
Debtors 1,103 -
Cash at bank and in hand 1,842 4,958
2,945 4,958
Creditors: amounts falling due within one year (10,704) (7,627)
Net current assets (liabilities) (7,759) (2,669)
Total assets less current liabilities (2,063) (1,029)
Total net assets (liabilities) (2,063) (1,029)
Capital and reserves
Called up share capital 3 1 1
Profit and loss account (2,064) (1,030)
Shareholders' funds (2,063) (1,029)
  • For the year ending 28 February 2016 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 24 October 2016

And signed on their behalf by:
Mr E Lee, Director

KINETIC VISION LTD Registered Number 07163453

Notes to the Abbreviated Accounts for the period ended 28 February 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective January 2015.

Turnover policy
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.

Tangible assets depreciation policy
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Motor Vehicles 25% Reducing Balance
Equipment 25% Reducing Balance

2Tangible fixed assets
£
Cost
At 1 March 2015 5,705
Additions 5,819
Disposals (573)
Revaluations -
Transfers -
At 28 February 2016 10,951
Depreciation
At 1 March 2015 4,065
Charge for the year 1,626
On disposals (436)
At 28 February 2016 5,255
Net book values
At 28 February 2016 5,696
At 28 February 2015 1,640
3Called Up Share Capital
Allotted, called up and fully paid:
2016
£
2015
£
1 Ordinary shares of £1 each 1 1