Accounts filed on 05-04-2016

Accounts filed on 05-04-2016

KINGSWOOD BUSINESS ASSOCIATES LIMITED - Company Information

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KINGSWOOD BUSINESS ASSOCIATES LIMITED

Company Registration Number:
06771818 (England and Wales)

Report of the Directors and Unaudited Financial Statements

Period of accounts

Start date: 06 April 2015

End date: 05 April 2016

KINGSWOOD BUSINESS ASSOCIATES LIMITED

Contents of the Financial Statements

for the Period Ended 05 April 2016

Company Information
Report of the Directors
Profit and Loss Account
Gains and Losses
Balance sheet
Notes to the Financial Statements

KINGSWOOD BUSINESS ASSOCIATES LIMITED

Company Information

for the Period Ended 05 April 2016




Director: Earle Alleyne
Secretary: Earle Alleyne
Registered office: Trident Business Centre
89 Bickersteth Road
Tooting
London
England
SW17 9SH
Company Registration Number: 06771818 (England and Wales)

KINGSWOOD BUSINESS ASSOCIATES LIMITED

Directors' Report Period Ended 05 April 2016

The directors present their report with the financial statements of the company for the period ended 05 April 2016

Directors
 The directors shown below have held office during the whole of the period from
06 April 2015 to 05 April 2016
Earle Alleyne

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on 12 November 2016
And Signed On Behalf Of The Board By:

Name: Earle Alleyne
Status: Director

KINGSWOOD BUSINESS ASSOCIATES LIMITED

Profit and Loss Account

for the Period Ended 05 April 2016


Notes
2016
£
2015
£
Turnover: 2 70,596 69,379
Cost of sales: ( 45,810 ) ( 46,125 )
Gross profit or (loss): 24,786 23,254
Administrative expenses: ( 24,469 ) ( 23,029 )
Operating profit or (loss): 317 225
Profit or (loss) on ordinary activities before taxation: 317 225
Tax on profit or (loss) on ordinary activities: ( 76 ) ( 59 )
Profit or (loss) for the financial year: 241 166

The notes form part of these financial statements

KINGSWOOD BUSINESS ASSOCIATES LIMITED

Statement of total recognised gains and losses

As at 05 April 2016


2016
£
2015
£
Profit or (loss) for the period: 241 166
Total recognised gains and losses for the period: 241 166

KINGSWOOD BUSINESS ASSOCIATES LIMITED

Balance sheet

As at 05 April 2016


Notes
2016
£
2015
£
Fixed assets
Tangible assets: 3 996 1,271
Total fixed assets: 996 1,271
Current assets
Debtors: 1,658 1,754
Cash at bank and in hand: 412 513
Total current assets: 2,070 2,267
Creditors: amounts falling due within one year: ( 426 ) ( 794 )
Net current assets (liabilities): 1,644 1,473
Total assets less current liabilities: 2,640 2,744
Creditors: amounts falling due after more than one year: ( 1,010 ) ( 1,355 )
Total net assets (liabilities): 1,630 1,389

The notes form part of these financial statements

KINGSWOOD BUSINESS ASSOCIATES LIMITED

Balance sheet continued

As at 05 April 2016


Notes
2016
£
2015
£
Capital and reserves
Called up share capital: 4 1 1
Revaluation reserve: 5 1,629 1,388
Shareholders funds: 1,630 1,389

For the year ending 05 April 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.

The financial statements were approved by the Board of Directors on 12 November 2016

SIGNED ON BEHALF OF THE BOARD BY:

Name: Earle Alleyne
Status: Director

The notes form part of these financial statements

KINGSWOOD BUSINESS ASSOCIATES LIMITED

Notes to the Financial Statements

for the Period Ended 05 April 2016

  • 1. Accounting policies

    Basis of measurement and preparation of accounts

    The financial statements have been prepared under the historical cost convention.

    Turnover policy

    The Turnover and Profit for the period are attributable to the principal activities of the company highlighted in the Director's Report.

    Tangible fixed assets depreciation policy

    Depreciation is calculated to write off the cost of tangible fixed assets over their estimated useful lives, using the reducing balance method. The rates of depreciation applied during the year are detailed below:
    Office Equipment: 25%; Furniture and Fittings: 20%; Motor Vehicles: 20%.

KINGSWOOD BUSINESS ASSOCIATES LIMITED

Notes to the Financial Statements

for the Period Ended 05 April 2016

  • 2. Turnover

    The Turnover and Profit for the period are attributable to the principal activities of the company highlighted in the Director's Report. Turnover represents the invoiced receipts from the sale of goods and services provided, which fall within the companies ordinary activities, stated net of value added tax.

KINGSWOOD BUSINESS ASSOCIATES LIMITED

Notes to the Financial Statements

for the Period Ended 05 April 2016

  • 3. Tangible assets

    Land and buildings Plant and Machinery Fixtures and fittings Office Equipment Motor vehicles Total
    Cost £ £ £ £ £ £
    06 April 2015: - - 1,453 1,223 2,500 5,176
    Additions: - - - - - 0
    Disposals: - - - - - 0
    Revaluations: - - - - - 0
    Transfers: - - - - - 0
    05 April 2016: - - 1,453 1,223 2,500 5,176
    Depreciation
    06 April 2015: - - 985 829 2,091 3,905
    Charge for year: - - 94 79 102 275
    On disposals: - - - - - 0
    Other adjustments: - - - - - 0
    05 April 2016: - - 1,079 908 2,193 4,180
    Net book value
    05 April 2016: - - 374 315 307 996
    05 April 2015: - - 468 394 409 1,271

KINGSWOOD BUSINESS ASSOCIATES LIMITED

Notes to the Financial Statements

for the Period Ended 05 April 2016

  • 4. Called up share capital

    Allotted, called up and paid

    Previous period
    2015
    Class Number of shares Nominal value per share (£) Total (£)
    Ordinary shares: 1 1.00 1
    Preference shares: 0
    Total share capital (£): 1
    Current period
    2016
    Class Number of shares Nominal value per share (£) Total (£)
    Ordinary shares: 1 1.00 1
    Preference shares: 0
    Total share capital (£): 1

KINGSWOOD BUSINESS ASSOCIATES LIMITED

Notes to the Financial Statements

for the Period Ended 05 April 2016

  • 5. Revaluation reserve

    £
    At 06 April 2015: 1,388
    Surplus or deficit arising from revaluation: 241
    At 05 April 2016: 1,629