Abbreviated Company Accounts - KITEMAST LIMITED

Registered Number 05086806

KITEMAST LIMITED

Abbreviated Accounts

31 March 2016

KITEMAST LIMITED Registered Number 05086806

Abbreviated Balance Sheet as at 31 March 2016

	Notes	2016	2015
		£	£
Fixed assets
Intangible assets	2	1,000	1,000
Tangible assets	3	48,245	48,575
		49,245	49,575
Current assets
Stocks		2,000	2,000
Debtors		49	43
Cash at bank and in hand		175,383	175,295
		177,432	177,338
Creditors: amounts falling due within one year		(100,339)	(105,905)
Net current assets (liabilities)		77,093	71,433
Total assets less current liabilities		126,338	121,008
Total net assets (liabilities)		126,338	121,008
Capital and reserves
Called up share capital		2	2
Profit and loss account		126,336	121,006
Shareholders' funds		126,338	121,008

For the year ending 31 March 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 9 December 2016

And signed on their behalf by:
S W Cheung, Director

KITEMAST LIMITED Registered Number 05086806

Notes to the Abbreviated Accounts for the period ended 31 March 2016

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.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:
Land and buildings - Do not depreciate
Fixtures, fittings and equipment - 25% straight line

Other accounting policies
The company operates a directors account. The amount owed by the company to the director at the year end was £64,885.

2Intangible fixed assets

	£
Cost
At 1 April 2015	1,000
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2016	1,000
Amortisation
At 1 April 2015	-
Charge for the year	-
On disposals	-
At 31 March 2016	-
Net book values
At 31 March 2016	1,000
At 31 March 2015	1,000

3Tangible fixed assets

	£
Cost
At 1 April 2015	57,933
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2016	57,933
Depreciation
At 1 April 2015	9,358
Charge for the year	330
On disposals	-
At 31 March 2016	9,688
Net book values
At 31 March 2016	48,245
At 31 March 2015	48,575