Abbreviated Company Accounts - NEW KINETICS LIMITED

NEW KINETICS LIMITED - Company Information

Registered Number 03963830

NEW KINETICS LIMITED

Abbreviated Accounts

30 April 2016

NEW KINETICS LIMITED Registered Number 03963830

Abbreviated Balance Sheet as at 30 April 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	211	456
		211	456
Current assets
Stocks		-	6,000
Debtors		214	264
Cash at bank and in hand		22,386	36,249
		22,600	42,513
Creditors: amounts falling due within one year		(13,258)	(19,302)
Net current assets (liabilities)		9,342	23,211
Total assets less current liabilities		9,553	23,667
Total net assets (liabilities)		9,553	23,667
Capital and reserves
Called up share capital		1	1
Profit and loss account		9,552	23,666
Shareholders' funds		9,553	23,667

For the year ending 30 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.

Approved by the Board on 28 November 2016

And signed on their behalf by:
Mr T S Friar, Director

NEW KINETICS LIMITED Registered Number 03963830

Notes to the Abbreviated Accounts for the period ended 30 April 2016

1Accounting Policies

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

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

Tangible assets depreciation policy
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:

Fixtures, fittings & equipment 33% on cost

2Tangible fixed assets

	£
Cost
At 1 May 2015	12,342
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 30 April 2016	12,342
Depreciation
At 1 May 2015	11,886
Charge for the year	245
On disposals	-
At 30 April 2016	12,131
Net book values
At 30 April 2016	211
At 30 April 2015	456