Abbreviated Company Accounts - NEW KILLER SHOES LIMITED

NEW KILLER SHOES LIMITED - Company Information

Registered Number 07551413

NEW KILLER SHOES LIMITED

Abbreviated Accounts

31 March 2016

NEW KILLER SHOES LIMITED Registered Number 07551413

Abbreviated Balance Sheet as at 31 March 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	2,565	3,420
		2,565	3,420
Current assets
Stocks		4,659	4,659
Debtors		112	29
Cash at bank and in hand		1,820	2,263
		6,591	6,951
Creditors: amounts falling due within one year		(185,009)	(185,429)
Net current assets (liabilities)		(178,418)	(178,478)
Total assets less current liabilities		(175,853)	(175,058)
Total net assets (liabilities)		(175,853)	(175,058)
Capital and reserves
Called up share capital		1,170	1,170
Share premium account		84,830	84,830
Profit and loss account		(261,853)	(261,058)
Shareholders' funds		(175,853)	(175,058)

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 14 December 2016

And signed on their behalf by:
JOHN KELLY, Director

NEW KILLER SHOES LIMITED Registered Number 07551413

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.

Turnover policy
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Tangible assets depreciation policy
Plant and machinery-25% reducing balance

2Tangible fixed assets

	£
Cost
At 1 April 2015	9,367
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2016	9,367
Depreciation
At 1 April 2015	5,947
Charge for the year	855
On disposals	-
At 31 March 2016	6,802
Net book values
At 31 March 2016	2,565
At 31 March 2015	3,420