Company Registration No. SC445701 (Scotland)
KINCAID DEVELOPMENTS LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2016
KINCAID DEVELOPMENTS LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
KINCAID DEVELOPMENTS LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 MARCH 2016
31 March 2016
- 1 -
2016
2015
Notes
£
£
£
£
Current assets
Investments
25,000
25,000
Cash at bank and in hand
260
36
25,260
25,036
Creditors: amounts falling due within one year
(27,945)
(26,489)
Total assets less current liabilities
(2,685)
(1,453)
Capital and reserves
Called up share capital
2
2
2
Profit and loss account
(2,687)
(1,455)
Shareholders' funds
(2,685)
(1,453)
For the financial year ended 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their 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 8 December 2016
Brian Whyte
Director
Company Registration No. SC445701
KINCAID DEVELOPMENTS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2016
- 2 -
1
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).
The financial statements have been prepared on the going concern basis due to the continued support
of the directors and related parties.
1.2
Turnover
Turnover comprises revenue recognised by the company in respect of sales during the year, exclusive of Value Added Tax and discounts.
1.3
Investments
Current asset investments are stated at the lower of cost and net realisable value.
2
Share capital
2016
2015
£
£
Allotted, called up and fully paid
2 Ordinary shares of £1 each
2
2
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