KIWI_EDUCATION_LTD - Accounts

KIWI EDUCATION LTD - Company Information

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Company Registration No. 08647707 (England and Wales)

KIWI EDUCATION LTD

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2016

KIWI EDUCATION LTD

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

KIWI EDUCATION LTD

ABBREVIATED BALANCE SHEET

AS AT

31 JULY 2016

- 1 -

2016

2015

Notes

Fixed assets

Intangible assets

728

916

Tangible assets

5,784

3,885

6,512

4,801

Current assets

Debtors

16,812

18,252

Cash at bank and in hand

138,139

43,152

154,951

61,404

Creditors: amounts falling due within one year

(107,114)

(56,665)

Net current assets

47,837

4,739

Total assets less current liabilities

54,349

9,540

Provisions for liabilities

(1,157)

(777)

53,192

8,763

Capital and reserves

Called up share capital

100

Profit and loss account

53,092

8,663

Shareholder's funds

53,192

8,763

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.

Director's responsibilities:

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

The director acknowledges his 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 22 November 2016

Mr M J Steel

Director

Company Registration No. 08647707

KIWI EDUCATION LTD

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).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents revenue recognised in respect of services supplied by the company during the period.

1.4

Patents

Patents are valued at cost less accumulated amortisation. Amortisation is calculated to write off the cost in equal annual instalments over their estimated useful lives.

1.5

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:

Computer equipment

25% straight line on cost

Fixtures, fittings & equipment

25% straight line on cost

1.6

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

KIWI EDUCATION LTD

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 JULY 2016

- 3 -

Fixed assets

Intangible assets

Tangible assets

Total

Cost

At 1 August 2015

940

5,247

6,187

Additions

3,519

At 31 July 2016

940

8,766

9,706

Depreciation

At 1 August 2015

1,362

1,386

Charge for the year

188

1,620

1,808

At 31 July 2016

212

2,982

3,194

Net book value

At 31 July 2016

728

5,784

6,512

At 31 July 2015

916

3,885

4,801

Share capital

2016

2015

Allotted, called up and fully paid

100 Ordinary of £1 each

100