KIEVEL_GAS_LIMITED - Accounts

KIEVEL GAS LIMITED - Company Information

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Company Registration No. 08113676 (England and Wales)

KIEVEL GAS LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2016

KIEVEL GAS LIMITED

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 4

KIEVEL GAS LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 SEPTEMBER 2016

2016

2015

Notes

Fixed assets

Tangible assets

6,306

8,899

Current assets

Stocks

1,000

Debtors

6,566

17,720

Cash at bank and in hand

80,406

64,504

87,972

83,224

Creditors: amounts falling due within one year

(93,640)

(82,243)

Net current liabilities/(assets)

(5,668)

981

Total assets less current liabilities

638

9,880

Creditors: amounts falling due after more than one year

(2,479)

638

7,401

Capital and reserves

Called up share capital

Profit and loss account

636

7,400

Shareholder's funds

638

7,401

KIEVEL GAS LIMITED

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

30 SEPTEMBER 2016

For the financial year ended 30 September 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 1 December 2016

Mr JM Weston

Director

Company Registration No. 08113676

KIEVEL GAS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 SEPTEMBER 2016

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

1.4

Goodwill

Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.

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:

Plant and machinery

25% straight line

Fixtures, fittings & equipment

25% straight line

Motor vehicles

25% reducing balance

KIEVEL GAS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 SEPTEMBER 2016

Fixed assets

Intangible assets

Tangible assets

Total

Cost

At 1 October 2015

20,000

20,984

40,984

Additions

217

At 30 September 2016

20,000

21,201

41,201

Depreciation

At 1 October 2015

20,000

12,085

32,085

Charge for the year

2,810

At 30 September 2016

20,000

14,895

34,895

Net book value

At 30 September 2016

6,306

At 30 September 2015

8,899

Share capital

2016

2015

Allotted, called up and fully paid

2 Ordinary share of £1 each

During the year 1 ordinary shares of £1 each were allotted and fully paid at par.