Abbreviated Company Accounts - KAYNINE ENTERPRISES LIMITED

KAYNINE ENTERPRISES LIMITED - Company Information

02898846 KAYNINE ENTERPRISES LIMITED 2015-12-31 false 2015-01-01 2015-12-31 true 02898846 2015-01-01 2015-12-31 02898846 2015-12-31 02898846 2014-12-31 02898846 uk-gaap-cd-bus:Director1 2015-01-01 2015-12-31 02898846 uk-gaap-cd-bus:Director2 2015-01-01 2015-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-01-01 2015-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-12-31 iso4217:GBP shares

Registered Number 02898846

KAYNINE ENTERPRISES LIMITED

Abbreviated Accounts

31 December 2015

KAYNINE ENTERPRISES LIMITED Registered Number 02898846

Abbreviated Balance Sheet as at 31 December 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	1,658	2,073
		1,658	2,073
Current assets
Debtors		5,046	5,191
Cash at bank and in hand		739,294	764,470
		744,340	769,661
Creditors: amounts falling due within one year		(73,511)	(192,673)
Net current assets (liabilities)		670,829	576,988
Total assets less current liabilities		672,487	579,061
Total net assets (liabilities)		672,487	579,061
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		672,387	578,961
Shareholders' funds		672,487	579,061

For the year ending 31 December 2015 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 21 November 2016

And signed on their behalf by:
PAUL KREDITOR, Director

KAYNINE ENTERPRISES LIMITED Registered Number 02898846

Notes to the Abbreviated Accounts for the period ended 31 December 2015

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
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.

In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.

Tangible assets depreciation policy
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Equipment - 20% on reducing balance

Other accounting policies
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 January 2015	5,650
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2015	5,650
Depreciation
At 1 January 2015	3,577
Charge for the year	415
On disposals	-
At 31 December 2015	3,992
Net book values
At 31 December 2015	1,658
At 31 December 2014	2,073

All fixed assets are initially recorded at cost.

3Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
1 Ordinary shares of £1 each	1	1