Abbreviated Company Accounts - KI CARNE-BRAZILIAN BEEF LTD.

KI CARNE-BRAZILIAN BEEF LTD. - Company Information

Registered Number 06510772

KI CARNE-BRAZILIAN BEEF LTD.

Abbreviated Accounts

28 February 2016

KI CARNE-BRAZILIAN BEEF LTD. Registered Number 06510772

Abbreviated Balance Sheet as at 28 February 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	679	2,005
Investments	3	1,000	1,000
		1,679	3,005
Current assets
Debtors		2,360	2,360
Cash at bank and in hand		7,175	-
		9,535	2,360
Creditors: amounts falling due within one year		(26,373)	(23,542)
Net current assets (liabilities)		(16,838)	(21,182)
Total assets less current liabilities		(15,159)	(18,177)
Total net assets (liabilities)		(15,159)	(18,177)
Capital and reserves
Called up share capital		1,000	1,000
Profit and loss account		(16,159)	(19,177)
Shareholders' funds		(15,159)	(18,177)

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 10 November 2016

And signed on their behalf by:
Rosito Santo Labaldi, Director

KI CARNE-BRAZILIAN BEEF LTD. Registered Number 06510772

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 April 2008.

Turnover policy
Turnover represents the total invoice value, excluding value added tax, of sales made during the year.

Other accounting policies
Fixed assets: All fixed assets are initially recorded at cost. Financial instruments: Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity

2Tangible fixed assets

	£
Cost
At 1 March 2015	12,776
Additions	56
Disposals	-
Revaluations	-
Transfers	-
At 28 February 2016	12,832
Depreciation
At 1 March 2015	10,771
Charge for the year	1,382
On disposals	-
At 28 February 2016	12,153
Net book values
At 28 February 2016	679
At 28 February 2015	2,005

Fixtures, fittings
and equipment - 25% straight line
Motor vehicles - 25% straight line

3Fixed assets Investments
Fixed asset investments are stated at cost less provision for permanent diminution in value.